The Latest Breaking News from Supant Mongkolsuthree

The private sector has expressed concern that any delay in the formation of a new government may have an adverse impact on the economy.

Palang Pracharath Party (PPRP) leader Gen Prawit Wongsuwon said he is running for a party-list seat so he can assume the prime minister's post with grace and confidence.

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) continues to cut its GDP forecast, with maximum growth down to 4%, while inflation is likely to soar to 5.5% based on the unsettled Russia-Ukraine war and Covid-19 outbreaks in China.

The government should come up with not only short-term measures, but also medium and long-term plans to cope with the impact of the global oil price surge and the Russia-Ukraine war, according to industrialists in various sectors.

The Federation of Thai Industries (FTI) has called on large companies and the government to support an "innovation fund", established to help small and medium-sized enterprises (SMEs) develop their businesses.

After plaguing Thailand for two years with physical and economic ailments, the Covid-19 pandemic is expected to be downgraded to an endemic from July 1, marking a significant step towards full economic recovery.

Entrepreneurs feel they cannot continue to maintain stable prices of goods much longer as soaring energy costs are making waves across the board, dealing a blow to both emerging businesses such as delivery services as well as laggards like tourism.

The first local transmission of Omicron confirmed in Thailand on Dec 20 last year prompted the government to abruptly suspend new registrations for quarantine-free entry into the country and raise the Covid-19 alert to level 4 amid fears over the highly contagious variant.