Thailand’s National Economic and Social Development Council (NESDC) has urged the government to facilitate the country’s transition to high-tech industries to attract investors as the second largest economy in the Southeast Asia is lagging behind others in the region in terms of growth rate and foreign direct investment (FDI) attraction.
The Thai economy grew 2.7% in the first quarter from a year earlier, higher than the 1.4% expansion in the previous quarter, according to the National Economic and Social Development Council (NESDC).
Floods caused by climate change have claimed the lives of more than 2,000 people and led to damage of 12.59 trillion baht (363 billion USD) to Thailand over the past 30 years, according to a new report by the country’s National Economic and Social Development Council (NESDC).
Thaland's National Economic and Social Development Council (NESDC) reckoned that the Thai economy can be affected by three scenarios taking into account the ongoing Russia-Ukraine war and other geopolitical conflicts.
Thailand’s government is considering new relief packages for both individuals and businesses as a part of a new economic stimulus package, against the backdrop of local third wave of COVID-19 outbreak.
Thailand’s National Economic and Social Development Council (NESDC) has approved a framework for the country's 13th national economic and social development plan, spanning from 2022 to 2026, with the focus placed on high value-added economic development.
The State planning agency National Economic and Social Development Council (NESDC) of Thailand said on February 15 that the country’s gross domestic product (GDP) shrank 6.1 percent in 2020 due to the wide spread of COVID-19 pandemic, the highest contraction in the past more than two decades.
A labour shortage, particularly in manpower-intensive industries such as agribusiness and food processing, is likely to intensify over the long term in Thailand as the COVID-19 pandemic makes it difficult for foreign labourers to move across borders.
The Thai government plans to spend 45 billion THB (about 1.4 billion USD) on cash handouts to 15 million people affected by the economic fallout caused by COVID-19, which is expected to boost domestic consumption.
The Monetary Policy Committee (MPC) under the Bank of Thailand (BoT) on May 20 cut its policy rate by 25 basis points to a record low of 0.5 percent, to help soften the economic impact of the pandemic and social distancing measures.
The National Economic and Social Development Council (NESDC) of Thailand has been ordered to revise the 20-year national strategy (2018-2037) and the 12th national economic and social development plan (2017-2021) to catch up with changing social and economic trends caused by the global economic slowdown and the COVID-19 pandemic.
Thailand's employment is projected to face numerous risks this year, with widespread drought, poor exports, the delay of the fiscal 2020 budget and the outbreak of the coronavirus disease (COVID-19) weighing on jobs.
Thailand’s National Economic and Social Development Council (NESDC) has confirmed the unemployment rate in the country in the third quarter of 2019 slightly increased to 1.04 percent, or about 394,000 people.
Thailand’s economy expanded at the slowest pace in almost five years in the second quarter of 2019 as exports and tourism deteriorated due to impacts from the US-China trade war and the strong baht.
