Entering the new year isn’t easy for every nation around the world and it’s the same with Thailand given the economic hardship caused by COVID-19, as many as 96 percent of foreign direct investors operating experienced unprecedented situations last year. However, this year, they are surprisingly confident in the potential of the country and have plans to increase or at …

In order to fire up demand and fight the worst economic downturn caused by the coronavirus pandemic, Thailand will expand tax incentives to millions of its middle and upper income classes. The concession would allow around 3.7 million taxpayers, Deputy Prime Minister Supattanapong Punmeechaow told reporters in Bangkok on Wednesday (Oct 7), to subtract 30,000 baht (S$1,306.15) each from their …

Thailand embraces the Bio-, Circular- and Green Economy (BCG) model as a path to more sustainable growth, which will be marked by more jobs , higher incomes for people and an environmentally friendly society. Focusing on using technology to further improve the market values of agri-business goods and the service sector and turning into an environmentally-oriented economy, BCG creates substantial …

Suchatvee Suwansawat, as an engineer and educator, sees the Covid-19 outbreak not only changing people’s way of life but also how the environment works in the globalization era. Countries have in the past relied heavily on exports and imports. Factories have been developed overseas, where the labor costs are cheaper. But now, it might not always be possible to transfer …

South East Asia’s manufacturing sector continues to deteriorate amid further rapid contractions in both output and new orders despite re-opening of more economies from Covid-19 related lockdowns, with expectations of stabilizing production in the upcoming months. According to Japan’s Nomura Global Markets Research, Asean manufacturing experienced higher activity in May but the pace of recovery is more gradual than China’s …

It has been a concern on the country about the status of the economy as everyone is battling with the pandemic virus. The different businesses are reviewing the posibilities of what will happen for the upcoming months. Development in Malaysia’s gross domestic product (GDP) is forecast to ease from 3.6 percent in Q4 2019 to an annual average of 2.2 …

The cabinet has given the green light to a stimulus package expected to inject 400 billion baht into the economy to reduce the impact of the Covid-19 epidemic. The package was proposed at a meeting of economic ministers. The controversial 2,000-baht cash handouts to selected groups of people, which sparked intense public criticism after being proposed by the economic ministers …

PETALING JAYA: Manufacturing sector and industrialists are confident that the current situation caused by the corona virus or Covid-19 outbreak would soon slow down as most business units and plants in China are back in business. The rest of the areas, except in Wuhan where the virus originated, factories in China are running at full steam, as reported by the …