Federation of Thai Industries
- Covid-19 News
Thai industry body says government may miss vaccination target due to supply issues
The Thai government is being warned that ongoing issues with Covid-19 vaccine supply may cause it to miss its target of obtaining 10 million doses in June. The Federation of Thai Industries says the supply problems will impact the country’s vaccination rollout and is calling on the government to accelerate the process by allowing private companies to import doses from…
- Covid-19 News
Thai businesses frustrated over limited choice of vaccines, slow pace of rollout
Business and tourism representatives are expressing growing anger over the slow pace of Thailand’s vaccine rollout and the limited number of vaccines on offer. Their frustration comes as other countries around the world begin to see encouraging results from their vaccination efforts. And, while the latest rise in Covid-19 infections can be partly attributed to the presence of the so-called…
- Covid-19 News
Industry representatives call on government to prioritise vaccination, include tourism workers in first rollout
The Joint Standing Committee on Commerce, Industry and Banking is urging the government to make the rollout of Covid-19 vaccines a national agenda and to prioritise those working in the tourism industry. According to a Bangkok Post report, the JSCCIB says tourism workers need to be vaccinated to keep them safe while interacting with travellers. It has also suggested that…
- Business News
Approval sought for multi-billion-baht Phuket medical hub
Industry officials are seeking the go-ahead for a project to transform over 140 rai of government land in Phuket into a world-leading medical hub. The project is budgeted at 3 – 4 billion baht, depending on which report you read. Kitkong Tantijaraswarodom, from the Federation of Thai Industries, believes the development of a medical and wellness hub in the sub-district…
- Covid-19 News
Thailand’s GDP to contract up to 5% for 2020 – business thinktank
Thailand’s GDP is expected to contract between 3-5% for 2020, and exports by up to 10%. The predictions from Suphan Mongkolsuthee, president of the Federation of Thai Industries and chairman of the private sector joint committee. He also believes that the Thai economy has probably reached its ‘low point’ and will start recovering from now. He said that, as the…
- Business News
Industry group calls for further cut in Thai policy interest rate
“Thai private sector, recently adjusted downward the export growth projection for this year to 2.9 – 3%.” The Federation of Thai Industries have their hopes set on the Monetary Policy Committee of the Bank of Thailand making another cut in the policy interest rate, currently set at 1.5%. With the US Fed looking to drop its interest rate this week,…
