Economy and commerce
Economic policy and administration
ASEAN sets up EU-style free-flow market
The ASEAN Community was officially declared on 8 December by leaders of the 10 member states of ASEAN in a landmark moment promising greater regional integration for the 48-year-old group. The challenge of this association of nations, marked by diversity, can be seen in the words of ...
Revenue, debt alarms sounded in Thailand
Concerns about the private sector’s revenue and debt servicing ability have been raised at a joint meeting of two Bank of Thailand committees. The Monetary Policy Committee and the Financial Institutions Policy Committee held a joint session on 30 November to discuss financial developments and risks to financial ...
Thailand 'to reap rewards' from IMF's yuan move
Thailand’s trade and investment will benefit in the long run from inclusion of the yuan in the special drawing rights currency basket of the International Monetary Fund (IMF), says a senior central bank official. Greater use of the Chinese currency would help to slim down foreign ...
Thai Government urged to also help big companies go abroad
The Thai Government should change its mindset about offering help only to small and medium-size firms expanding overseas and extend it to larger companies, said Thiraphong Chansiri, president and chief executive of Thai Union Group. Thiraphong added that a new challenge for companies branching out internationally was ...
Paving the way for new SMEs
The Cambodian government is reviewing a draft sub-decree that would see the creation of a one-stop shop to handle small- and medium-enterprise (SME) registration aimed at encouraging more of them to join the formal sector and improving the quality of state support, an official said ...
How Thailand's anti-dumping law works
An anti-dumping measure is a trade regulation many countries use to prevent local industries from being hurt by cheap imported goods that are “dumped” on the market. Thailand is a member of the World Trade Organization, which has adopted international free trade regulations including an anti-dumping mechanism. ...
Prayut to meet Phuket business leaders on 'Pracha Rat'
Twenty leading businessmen will meet Prime Minister Prayut Chan-o-cha on 3 December on ways to help make the government’s economic stimulus package, known as Pracha Rat, a success. Keep reading ...
Thai start-ups in line for incentives
The Information and Communication Technology (ICT) Ministry is considering tax incentives for companies investing in tech start-ups in an attempt to stimulate long-term investment. The ministry plans to spend 100 million baht to promote Thailand’s tech start-up industry, said vice-minister Pansak Siriruchatapong. Keep reading ...
Thai Chamber urges bolder Myanmar approach
Thai businesses want the government to help them enter or expand into the Myanmar market by conducting more official visits to the neighbouring country, according to the AEC Strategy Centre at the University of the Thai Chamber of Commerce. Centre director Pussadee Polsaram said more official ...
Firms study EEU deal opportunities
Numerous Vietnamese firms and member states of the Eurasian Economic Union (EEU) gathered at a business forum on 25 November in Hanoi to study opportunities from the free trade agreement. The business forum, which was co-organised by the Vietnam Chamber of Commerce and Industry, the Ministry of ...
