Thailand

Bangkok (NNT/VNA) - The National Economic and Social Development Council (NESDC) of Thailand has revealed some conditions have yet to be finalised for the government’s half price campaign, under which participants will receive a half price subsidy on their general purchases with certain limits. The government’s center for COVID-19 economic recovery had previously approved an idea to launch a campaign where the government would provide a half price subsidy on general purchases made by registered persons, subject to a daily cap and an overall limit in the course of the campaign. A draft proposal was made for the government to provide 15 million people with 3,000 baht each in subsidies on purchases, which would require a 45 billion baht budget. According to the current plan, eligible purchases must be made using the government’s G Wallet app, in which users must contribute their own money in order to receive their 3,000 baht subsidy. NESDC Secretary General Tossaporn … [Read more...] about Thailand: Gov’t half price campaign not yet final

Bangkok (VNA) - The Thai government is pushing ahead with the bio-economy concept to modernise agriculture with advanced technology in a move to improve the national economy, local media reported. Bio-economy, which uses renewable resources and turns them into value-added products, is expected to help farmers better deal with unstable crop prices and convince various industries such as automotive and electronics to come up with new products. Authorities put agriculture and biotechnology, which are at the core of a bio-economy, on the list of 12 targeted S-curve industries, covering a range of businesses from cars and smart electronics to affluent and medical and wellness tourism. According to Alongkorn Ponlaboot, adviser to the agriculture and cooperatives minister, the S-curve initiative will be a new tool to grow the Thai economy.   “Such crops as sugar cane, cassava and rice can be developed into value-added products,” Alongkorn was quoted by the Bangkok Post … [Read more...] about Thailand works to modernise agriculture with advanced technology

Bangkok (VNA) – The number of unemployed workers in Thailand reached 2.5 million in the first half of 2020, and will keep growing next year if state stimulus packages are not strong enough to battle economic woes, according to the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) of Thailand. Supant Mongkolsuthree, Chairman of the Federation of Thai Industries, said the unemployment rate is expected to increase if the government's economic stimulus measures are not strong and many rehabilitation projects are delayed. Many businesses, particularly those operating in tourism and export sectors, remain weak, though some have slowly recovered, he added. Supant also expressed concern about a second wave of COVID-19 infections in the country as infection rates spike in many Asian countries, including Myanmar, which borders Thailand. Kalin Sarasin, Chairman of the Thai Chamber of Commerce, said JSCCIB will ask the government to abandon some unnecessary laws and … [Read more...] about Thailand warns risk of increasing jobless amid economic woes

Regarding market development, MARD said there are positive signs about exports after great efforts by the ministry to negotiate with the US Department of Agriculture. APHIS has appointed officers in charge of supervising the treatment of fresh fruits to be exported to the US after a period of interruption because of Covid-19. … [Read more...] about Fruit exports to China fall, but are offset by more exports to Thailand

Bangkok (VNA) - Chuan Leekpai, President of the National Assembly of Thailand, has expressed his firm belief that the ongoing 41st General Assembly of the ASEAN Inter-Parliamentary Assembly (AIPA-41) will be the most successful under the host of Vietnam. In an interview granted to the Vietnam News Agency (VNA)’s reporters in Bangkok, Chuan Leekpai extended his deepest appreciation to Chairwoman of the Vietnamese National Assembly Nguyen Thi Kim Ngan for the success in her tenure as the AIPA Chair. “Ngan has shown her tireless efforts, wise counsel and perseverance,” he said, stressing that in the past year, the achievement of all AIPA activities would not have been possible without the Vietnamese top legislator at the helm. To illustrate, he said, the COVID-19 pandemic has posed the global health security threat to humanity throughout the region. In the most difficult moment, the Vietnamese legislature has made every effort not only to deal with the spread of … [Read more...] about Thai top legislator believes in success of AIPA-41 under host of Vietnam