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The Latest Breaking News from Sanan Angubolkul

Gifts that keep on giving

Festive sentiment during the last week before New Year celebrations is considered the best opportunity for the business sector to increase sales as economic uncertainties may cast a shadow on consumer confidence in 2023.

Bangkok Post · Dec 25, 2022

Apec summit expected to generate B600bn

An industry council estimates the Apec Summit 2022 held in Bangkok last month will generate 500-600 billion baht in benefits for Thailand's economy over the next 3-5 years.

Bangkok Post · Dec 21, 2022

New world disorder

The world is likely to become brittle, anxious, non-linear and incomprehensible, posing new challenges to businesses after the pandemic, says an industry association.

Bangkok Post · Dec 18, 2022

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Popping off on populist pledges

With Thailand expected to hold a general election next year, political parties have kicked off their campaigns offering promises to appeal to voters.

Bangkok Post · Dec 11, 2022

Help workers and firms

Promising voters a rise in wages is a supposed curtain-raiser for national election campaigning. However, Pheu Thai's election pledge to lift the minimum daily wage from just over 300 baht to 600 baht has run into a barrage of criticism. The private sector, namely the employers, who will have to…

Bangkok Post · Dec 9, 2022

Industry group knocks Pheu Thai's 600B minimum wage

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is opposing the Pheu Thai Party's pledge to raise the daily minimum wage to 600 baht because it could affect the business sector's competitiveness.

Bangkok Post · Dec 7, 2022

Fresh concerns over Covid

As businesses pin their hopes on a strong recovery in the final month of the year based on lively shopping activity, entertainment events and vibrant tourism, a fresh Omicron outbreak has emerged including a rising death toll, rekindling concerns about the impact on economic sentiment.

Bangkok Post · Dec 4, 2022

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TCC urges provincial push

The Thai Chamber of Commerce (TCC) and Board of Trade of Thailand on Sunday urged the government to speed up investment in provincial development projects to revitalise the economy.

Bangkok Post · Nov 27, 2022

Apec, China reopening could boost growth to 4%

Thailand's economy is expected to grow by 3-4% next year, growth supported by the tourism industry and as an outcome of the Asia-Pacific Economic Cooperation (Apec) summit, a seminar was told.

Bangkok Post · Nov 27, 2022

A showcase for the BCG model

The Asia-Pacific Economic Cooperation (Apec) summit offered a glimpse into how countries plan to deal with uncertainties post-pandemic as well as the Thai government's push towards a new economic model.

Bangkok Post · Nov 20, 2022

Thailand's chance to shine

Thailand is scheduled to host the Asia-Paciﬁc Economic Cooperation (Apec) 2022 summit later this week.

Bangkok Post · Nov 13, 2022

Thailand eyes closer Saudi ties in Prince’s first official visit

Thailand and Saudi Arabia are set to sign agreements to elevate diplomatic and investment ties, when Crown Prince Mohammad bin Salman makes the first official visit by a top Saudi royal family member to the Southeast Asian country in more than three decades.

Bangkok Post · Nov 8, 2022

Firms use summit to calm furore

The business sector plans to use the Apec CEO Summit to stimulate foreign investment and defend the government's contentious proposal to allow foreign investors to own land in Thailand.

Bangkok Post · Nov 1, 2022

Questions abound for China

China has been locked into a zero-Covid policy since early 2020, enforcing aggressive pandemic border controls and implementing public health measures such as mass testing and city lockdowns that have severely affected global supply chains.

Bangkok Post · Oct 30, 2022

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Bangkok Post · Oct 27, 2022

Chamber pledges to help BoI revitalise measures

The Thai Chamber of Commerce (TCC) has proposed the Board of Investment (BoI) increase the number of one-stop service centres; improve promotional privileges for all industries across the value chain, including pet food production; encourage joint ventures and regional headquarters in the country; and open more service businesses to foreign…

Bangkok Post · Oct 23, 2022

Desperate for a long-term vision

With the country's next general election tentatively slated for May 7, 2023 by the Election Commission, assuming the House of Representatives completes its four-year term by March 23, many political parties have cranked up their election machines, with leading parties already kicking off their campaigns.

Bangkok Post · Oct 19, 2022

Abac readies economic policies for summit

The Apec Business Advisory Council (Abac) Thailand looks set to deliver a number of proposals to Asia-Pacific Economic Cooperation (Apec) ministers at a Bangkok summit next month, which will be developed into a policy with five strategies.

Bangkok Post · Oct 16, 2022

Another Xi term sits well with business sector

The 20th National Congress of the Chinese Communist Party (CCP) started on Sunday in Beijing, with Xi Jinping likely to be re-elected as the country's president during meetings behind closed doors at the Great Hall of the People.

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Bangkok Post · Oct 9, 2022

Bumpy road to recovery

Even as Thailand continues on its path to economic recovery in the fourth quarter, buoyed by tourism and domestic consumption, businesses are still unnerved by pressing challenges, including high inflation, a weaker baht, surging energy prices and flooding, which could hamper the rebound.

Bangkok Post · Oct 5, 2022

Committee forecasts at least 3% GDP uptick

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has inched up its 2022 GDP forecast, expecting the economy to grow by at least 3%, driven by the gradual recovery of the tourism industry.

Bangkok Post · Oct 2, 2022

Caught in a vicious currency cycle

Industry leaders have called on the government and related authorities to do more to prevent the depreciation of the baht and mitigate the impact of the Bank of Thailand's latest policy rate hike.

Bangkok Post · Sep 24, 2022

Industry chiefs applaud staged return to business as usual

Business operators have welcomed the government's further relaxation of Covid-19 restrictions, particularly the downgrading of the virus' status, saying they will attract more tourists and help boost the economy.

Bangkok Post · Sep 23, 2022

Chamber says now is the time to attract investment

Although the weakened currency affects the import sector, the Thai Chamber of Commerce sees the slide of the baht as a good opportunity for Thailand to rev up foreign investment.

Bangkok Post · Sep 18, 2022

Fallout from an 'economic war'

Thailand's customs-cleared export value continued to expand for a 17th consecutive month in July, but the growth rate slowed to 4.3% year-on-year after robust gains of 11.9% in June, 10.5% in May, 9.9% in April and 19.5% in March, which was the highest level since records began in 1991.

Bangkok Post · Sep 13, 2022

Wage hike looms large for firms

Businesses have mixed reactions to the new daily minimum wage hike finalised by the cabinet on Tuesday as they deal with a raft of economic challenges.

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