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The Latest Breaking News from NESDC

Unemployment drops amid increasing economic activity

Unemployment declined thanks to increased economic activity and a rebound in tourism. However, household debt increased, albeit at a slower pace, while total loan quality improved.

Bangkok Post

Agency upbeat on 2023 growth view

Despite myriad challenges in the year to come, the economy is expected to maintain its growth momentum in 2023 boosted by recovering tourism, expanding private and public investment, continual gains in domestic demand and high growth in the agricultural sector.

Bangkok Post

NESDC rejects NT's 5G business plan

The National Economic and Social Development Council (NESDC) has rebuffed National Telecom's (NT) 5G business plan to capitalise on the 700-megahertz spectrum range, according to a source at the Digital Economy and Society (DES) Ministry.

Bangkok Post

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TAT stumped on budget

The Tourism Authority of Thailand (TAT) is expected to look elsewhere for stimulus after the prime minister asked the cabinet last week to prepare new mechanisms to accelerate year-end spending.

Bangkok Post

Recession fears deepen in Thailand

State agencies, businesses and households are being urged to brace for a global economic slowdown which could easily deteriorate into a recession next year.

Bangkok Post

NESDC calls for quicker development

Thailand's development needs to accelerate to ensure the country keeps up with the pace of change, according to the head of the National Economic and Social Development Council (NESDC).

Bangkok Post

Crypto scam alarms ring

The widespread impact of cryptocurrency investment scams that have hit the headlines in recent weeks highlights the need for improved financial literacy among investors, especially the young, as well as tougher regulations to prevent these financial crimes.

Bangkok Post

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Unemployment lowest since start of outbreak

Thailand's unemployment rate in the second quarter of the year was the lowest since the pandemic broke out in early 2020, a clear sign the economy is recovering from the pandemic's impact, says a senior official of the National Economic and Social Development Council (NESDC).

Bangkok Post

Jobless rate down in Q2 as Covid-19 curbs eased

Thailand's official unemployment rate in the second quarter dropped to its lowest since the Covid-19 pandemic began and should improve further as the economy recovers following an easing of restrictions, the National Economic and Social Development Council (NESDC) said on Friday.

Bangkok Post

Tensions thwart growth in 2022

Geopolitical tensions have pressured Thailand's economic expansion this year, according to Danucha Pichayanan, secretary-general of the Office of the National Economic and Social Development Council (NESDC).

Bangkok Post

NESDC sees rising global risks in 2023

Structural changes in geopolitics are likely to create more risks for the Thai economy next year, warns the state planning unit's chief.

Bangkok Post

Thai economy to grow 3% this year, 3.7% next year - state agency

Thailand's economy is expected to grow by 3% this year and 3.7% next year, driven by exports, increased domestic demand and a recovery in tourism, the state planning agency said on Wednesday.

Bangkok Post

Jobless data, not cherries

The country's latest employment rate should give the government and public a sense of relief. However it is also breeding concern about whether the data is being cherry-picked to project an overly positive image of the state of the economy.

Bangkok Post

Doubts linger over job situation

The government's planning unit, the National Economic and Social Development Council (NESDC), reported on May 23 Thailand's unemployment rate dropped in the first quarter to its lowest level since the start of the pandemic, boosted by higher employment in both the agricultural and non-agricultural sectors, as the economy gradually recovers.

Bangkok Post

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Bangkok Post

New corridors poised to draw B313bn by 2032

New regional economic corridors are estimated to draw a combined 313 billion baht worth of state and private investment between 2022 and 2032, according to a recent study.

Bangkok Post

Cabinet approves 'We Travel Together' extension

The cabinet on Tuesday approved the extension of the "Rao Tiew Duay Kan’" (We Travel Together) tourism stimulus campaign to cover an additional 1.5 million people.

Bangkok Post

Unemployment rate falls to 2-year low

Thailand's unemployment rate dropped in the first quarter to its lowest level since the start of the pandemic, boosted by higher employment both in the agricultural and non-agricultural sectors, as the economy gradually recovers.

Bangkok Post

Chinese lockdowns hitting Thai producers

China's lockdowns in big cities are having an adverse effect on the Thai manufacturing sector and its supply chains, with the problems likely to continue, warns the National Economic and Social Development Council (NESDC).

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Bangkok Post

Explainer: Is Thai supply chain anchored to China?

China's Covid containment measures, especially in the world's largest port city of Shanghai, have influenced Thailand's supply chain security and could cast a shadow on local manufacturers' decisions in the medium term.

Bangkok Post

NESDC, private sector team up to promote SDGs

The National Economic and Social Development Council (NESDC), which is the state planning unit, has joined forces with private firms to help the government achieve its sustainable development goals (SDGs).

Bangkok Post

NESDC warns rapidly ageing society likely to hit economy

The increase in elderly among the Thai population and declining birth rate are expected to hinder the country's future economic expansion, according to a new study by the government's planning unit.

Bangkok Post

Think tank recommends metaverse to pace economy

The government should pay more attention to metaverse development as a potential technology to help rehabilitate the Thai economy, says the National Economic and Social Development Council (NESDC).

Bangkok Post

Labour market recovers in Q4 of 2021

The overall labour situation began to recover from the impact of Covid-19 in the final quarter of 2021, with the unemployment rate dropping to the lowest since the second quarter of 2020, while household debt still increased but at a slower pace.

Bangkok Post

Q4 jobless rate drops to 1.64% as virus curbs eased

Thailand's unemployment rate in the fourth quarter fell to its lowest level since the pandemic and the jobs situation should improve further with restrictions easing and more foreign tourists returning, the National Economic and Social Development Council (NESDC) said on Monday.

Bangkok Post

NESDC bullish on growth prospects

The National Economic and Social Development Council (NESDC) is maintaining its 2022 forecast for economic growth at 3.5-4.5%, with the state planning unit expecting the government to successfully contain the spread of the Omicron variant without any more restrictions.

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