Business & Economy

PM urges business leaders at APEC to invest in Thailand now

Prime Minister Srettha Thavisin has suggested to business leaders in the United States that it is the right time for them to invest in or expand their investments in Thailand,…

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Does the digital wallet scheme risk running into a legal hurdle? 

Prime Minister Srettha Thavisin has finally brought some clarity to the source of funding for the controversial digital wallet handout scheme, but many aspects of the scheme remain problematic, raising questions…

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Thailand and Google agree to strategic cooperation for development of digital technology

The Thai government and US-based Google have announced a policy of strategic cooperation, to lay the foundations for digital infrastructure, research and development of artificial intelligence, cloud-first policies and the…

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PM has backup plan should digital wallet loan bill be rejected by Council of State

Prime Minister Srettha Thavisin said that the Pheu Thai party has prepared a Plan B to enable it to implement the controversial digital wallet scheme, in the event the government’s…

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Image by fabrikasimf on Freepik

Commerce Ministry agrees to 2 baht per kilo increase on white sugar

Thailand’s Central Committee on the Price of Goods and Services (CCP) has agreed to allow the ex-refinery price of white sugar to increase by two baht per kilogram and is…

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Bhumjaithai leader Anutin Charnvirakul

Bhumjaithai will support digital wallet loan bill if it is constitutional

Interior Minister Anutin Charnvirakul said today that his Bhumjaithai party will support the government’s loan bill for the digital wallet scheme, if it does not contravene the Constitution. As a…

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Workers sort packages for delivery ahead of the Singles’ Day shopping festival at a logistics center in Zouping, in China’s eastern Shandong province on November 10.//AFP

China’s ‘Singles Day’ shopping bonanza loses its lustre

Beijing, China – China’s annual “Singles Day” sales bonanza wraps up at midnight on Saturday, but consumers this year appear largely unswayed by its flashy deals and discounts as the world’s…

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Move Forward deputy leader Sirikanya Tansakul

Move Forward party warns against loans to fund digital wallet scheme

Move Forward party-list MP and deputy leader Sirikanya Tansakul said today that the government’s decision to procure loans to fund the digital wallet scheme is risky, because it may violate…

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PM explains funding of digital wallet scheme

Prime Minister Srettha Thavisin announced a new set of guidelines today for the controversial digital wallet scheme, under which all Thais who are 16 or older, who have a monthly…

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PM to announce full details of “digital wallet” scheme today

PM Srettha Thavisin will hold a press conference this afternoon to reveal what he called the “full package” of information on the digital wallet scheme, which his party promised to…

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Fares expected to be charged on Green Line extensions around year end : source

For the first time, the Bangkok Mass Transit System Public Company (BTSC), operator of the Green Line sky train service, is expected to charge passengers for the use of the…

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Photo : Thai Banks Association

Mobile banking systems of all banks are safe and secure : TBA

The Thai Bankers Association (TBA) has offered an assurance that their mobile banking applications are secure and safe. This assurance was in response to news of the arrest of a…

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Saudi Arabian investment in electric vehicle production in Thailand sought

The Thai government has been courting Saudi Arabia for investment in the production of electric vehicles (EVs) in Thailand, to achieve its goal of becoming the EV production hub in…

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File photo by AFP

PM gives greenlight for extending pub opening hours until 4am

Prime Minister Srettha Thavisin has given the greenlight for pubs and bars in Bangkok, Chiang Mai, Phuket and Chon Buri to stay open until 4am, tentatively from December 15, to…

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File photo : Commerce Minister Phumtham Wechayachai

Commerce Ministry ready to withdraw sugar from controlled product list

Commerce Minister Phumtham Wechayachai has assured representatives of sugarcane growers that his ministry is ready to remove sugar from the list of price-controlled products, if there is consent from all…

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Sanan Angubolkul, president of the Thai Chamber of Commerce and Board of Trade

Private sector wants digital wallet scheme launch next April – Sanan

The government should launch the digital wallet scheme next April, because the Thai economy will need an injection of cash for economic stimulation, otherwise it will be too late, said…

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Government extends subsidy for EV buyers until 2027

The Thai government has agreed to extend the 100,000 baht per car subsidy for buyers of electric vehicles (EVs) until 2027, to promote the production and use of EVs in…

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Sugar to be subject to price control in Thailand

At this week’s Cabinet meeting, a proposal from the Commerce Ministry to add sugar to the list of price controlled goods, was approved, Prime Minister Srettha Thavisin told reporters today…

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Visa-free visits for tourists from India and Taiwan from November 10

The Cabinet agreed on Tuesday to exempt tourists from India and Taiwan from requiring an entry visa to say in Thailand for up to 30 days, effective from November 10 until…

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Pichai Chunhavajira, an advisor to Prime Minister Srettha Thavisin.

Digital wallet scheme may be delayed until next September : PM’s advisor

Disbursement of the Bt10,000 digital money under the “digital wallet” scheme may be delayed until next September, said Pichai Chunhavajira, an advisor to Prime Minister Srettha Thavisin. He added the…

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Professor Sir Partha Sarathi Dasgupta in a recent interview in The Wave, a business programme of Thai PBS World.

Economist urges inclusion of nature in economic system

In a world driven by the pursuit of economic growth, the absence of nature from the global economic mechanism has, to a large extent, remained unnoticed. A call for change…

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Administrative Court ordered to accept challenge to True-DTAC merger

Thailand’s Supreme Administrative Court reversed the ruling of the Central Administrative Court today (Monday), rejecting the suit filed by the Foundation for Consumers, demanding the revocation of a resolution of…

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Thai central bank aims to cut household debt to 80% of GDP

The Bank of Thailand (BoT) is considering four measures to reduce Thailand’s household debt to about 80% of gross domestic product (GDP), down from the current 90.7%, according to Ronadol…

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Thailand pledges help to develop infrastructure projects in Laos

Thailand has agreed to help Laos fulfil its plan to transform from a land-locked to land-linked country, to help in the development of infrastructure projects and to secure low-interest loans,…

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Photo : Treaties and Legal Affairs Department, Thai Foreign Ministry

Thai government tweaks strategy for joint extraction of petroleum resources with Cambodia

The government under Prime Minister Srettha Thavisin has proposed an adjustment to the negotiation strategy with Cambodia on the overlapping claims areas (OCA) in the Gulf of Thailand, according to…

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PM to promote land bridge project during APEC and ASEAN-Japan summit

Prime Minister Srettha Thavisin will endeavour to promote Thailand’s ambitious land bridge mega project at APEC 2023 in the United States, between November 12th and 18th, and during the ASEAN-Japan…

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Pornchai Thiraveja, director-general of Fiscal Policy Office, Finance Ministry

Fiscal Policy Office cuts 2023 economic growth projection to 2.7%

The Finance Ministry’s Fiscal Policy Office has decided to reduce its Thai economic growth forecast for 2023, from 3.5% to 2.7%, due to the tourism slowdown and export contraction. Pornchai…

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Labour ministry to raise minimum wage to Bt400 max by December

The Ministry of Labour is considering raising minimum wages, which currently range from 328-354 baht per day, to a maximum of 400 baht, according to Labour Minister Phiphat Ratchakitprakarn. He…

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File photo : Move Forward deputy leader Sirikanya Tansakul

Government may not find funding for digital wallet – Move Forward

The adjustments to the digital wallet scheme, as proposed by an ad hoc sub-committee, are an indication that the government is encountering problems in securing the estimated Bt560 billion needed…

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New livery for THAI stewardesses

Thai Airways International (THAI) has introduced a new uniform for their female cabin crew members. The new outfit combines the essence of the Thai national identity and a commitment to…

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Deputy Finance Minister Julapun Amornvivat

Govt may omit “rich” people from digital wallet scheme : Julapun

The government’s controversial digital wallet scheme is likely to be downsized, with those who earn more than a yet-to be-defined amount per month not being eligible to receive the one-time…

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background of sugar cubes

Ex-refinery sugar prices may go up by Bt4 per kilogram

The Ministry of Industry is considering increasing the ex-refinery sugar price by Bt4/kg, as proposed by sugar millers and sugarcane planters to cover increased production costs, and providing subsidies for…

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Will the Srettha government pursue debt-fuelled growth?  

The Pheu Thai-led coalition government faces mounting pressure to abandon its populist policy of handing out 10,000 baht to all citizens aged 16 years and above under its digital wallet…

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Thailand’s economy needs a major boost : PM

Thailand’s under-performing economy needs to be given a major boost, to increase its growth rate and pull the country out of the middle-income trap, while improving the livelihoods of people…

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Mr. Narongsak Putthapornmongkol, the President of the Thai-Chinese Chamber of Commerce

Chinese business community confident of BRI benefits

Chinese President Xi Jinping has used a recent international forum in Beijing to reaffirm his commitment to advancing the Belt and Road Initiative (BRI), but questions persist as to whether…

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Help sought from JETRO to increase capabilities of Thai SMEs

The Thai Commerce Ministry has sought support and cooperation from the Japan External Trade Organisation (JETRO), to increase the ability of Thai small and medium-sized enterprises (SMEs) to access the…

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Government to promote production and use of EVs in Thailand

The Thai government is determined to promote increased production and use of electric vehicles (EVs), in place of internal combustion engines, to achieve carbon neutrality by 2050 and net zero…

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From L, Thai PM Srettha Thavisin, China’s President Xi Jinping and his wife, Peng Liyuan during an opening ceremony of the Belt and Road Initiative (BRI) forum in Beijing.

China’s Xi calls for efforts to fight cross-border crimes with Thailand

Beijing  – China and Thailand should step up efforts to crack down on cross-border crimes such as telecommunications fraud and online gambling, President Xi Jinping told Thai Prime Minister Srettha…

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Thai Pakdee Party leader Warong Dechgitvigrom files a complaint with the Auditor-General’s Office on Thursday.

Opposition to the government’s digital wallet scheme growing

The government’s controversial digital wallet scheme is facing increasing opposition, with opponents seeking intervention from the Central Administrative Court, the Election Commission, the Office of Auditor-General and the Ombudsman to…

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Little need for “digital wallet” scheme : Bank of Thailand  

A representative of the Bank of Thailand told the House Economic Affairs Committee today (Thursday) that there is little need for the digital wallet scheme, because private sector consumption for…

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79% of Thais want digital wallet money to spend – NIDA Poll

About 79% of respondents to a National Institute of Development Administration (NIDA) poll say that they will accept the 10,000 baht one-time subsidy from the government under the “digital wallet”…

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Australia interested in investment in Thailand’s Eastern Economic Corridor

Australia is interested in investing in infrastructure development projects, water resources in particular, in Thailand’s Eastern Economic Corridor (EEC), according to Thailand’s trade representative Nalinee Taveesin. Australia is Thailand’s 8th…

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Energy Ministry develops contingency plan in case Israeli-Hamas war intensifies

Thailand’s Energy Permanent Secretary Prasert Sinsukprasert is scheduled to hold a meeting with relevant agencies on Thursday to issue contingency plans to cope with fluctuations in global oil prices, in…

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PM to press ahead with “digital wallet” despite protests from academics

Prime Minister Srettha Thavisin has reiterated the government’s determination to launch the digital wallet scheme early next year as promised, despite protests from a group of 99 economics professors, including…

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Thailand’s inflation for September falls to 0.30%

Thailand’s Inflation rate for September has fallen to 0.30%, from 0.88% in August, and inflation for the whole year is expected to be 1.35%, thanks to energy and food price…

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Inequitable distribution of income root cause of farmers’ debt – TTB Analytics

The government’s 3-year debt moratorium program for indebted farmers will relieve the pain for only a limited time, but will not actually resolve the debt problem, which is structural and…

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Parnpree details Srettha government’s “economic diplomacy”

Foreign Minister Parnpree Bahiddha-Nukara said Wednesday that the Srettha government is committed to pursuing economic diplomacy that will enhance Thailand’s bargaining power and create equilibrium in its relationship with other…

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Thai rice exporters to discuss boosting exports with commerce minister

Leading members of the Thai Rice Exporters’ Association are seeking a meeting with Commerce Minister Phumtham Wechayachai, to discuss Thai rice exports and Thai rice’s competitiveness on the global market,…

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Free trade agreements with the EU, UAE and Sri Lanka expected next year

Thailand is expected to finalise free trade agreements (FTAs) with the European Free Trade Association (EFTA), Sri Lanka and the United Arab Emirates (UAE) in the second and third quarters…

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Mala Hotpot Sichuan Sytle

In Love with Spice: Thailand’s Fiery Affair with Mala Hotpot

Even as Thai cuisine is making its mark worldwide, with many dishes earning titles like “world’s best”, local Thais, especially the younger generation, have developed a fondness for Sichuan cuisine’s…

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City farming is our future!

Small spaces for growing vegetables are on the rise around Bangkok as more city dwellers realise that this modest activity helps to add money to their wallets and reduces their…

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Dr Puey Ungphakorn//Photo : Community Organisation Development Institute

Challenges Ahead: Thailand strives for well-being goals inspired by Dr Puey’s legacy

Five decades have passed but a much-cited article on well-being penned by prominent figure Dr Puey Ungphakorn is still relevant, serving as an inspiration for Thailand’s development. But despite visible…

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PM Srettha Thavisin gives a speech on “Thailand’s next chapter”

Water resource management is needed to ensure supplies for industry : PM

The government is giving more importance to water resource management than to the high-speed train project, to ensure that there is sufficient water to meet the demands of the industrial…

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Sanan Angubolkul, chairman of the Thai Chamber of Commerce and Board of Trade

Thai private sector urges govt to reach FTAs with more countries

Thai private business operators are urging the government to speed up the finalisation of free trade agreements (FTA) with more countries to boost Thai exports, which fell for ten straight…

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Should legalizing gambling and police reform go hand in hand? 

The latest allegations about the involvement of some senior policemen in online gambling operations have sparked a debate on the urgent need for reform of the police force. A series…

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Thai central bank raises policy rate by 25 basis points

The Bank of Thailand’s monetary policy committee unanimously voted to raise the policy rate by 25 basis points, to 2.5%, with immediate effect today (Wednesday). According to Piti Disyatat, secretary…

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Former finance minister doubts anticipated impact of “digital wallet”

Former Thai finance minister, Thirachai Puvanatnaranubala, has questioned claims by the Srettha government that the much-publicised digital wallet scheme will help Thailand achieve a 5% growth in GDP next year…

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PM made some progress in pushing economic agenda at the UN, but achieved little else

Prime Minister Srettha Thavisin’s first overseas mission, to the United Nations General Assembly, was regarded at home as a success only in business aspects, but a failure in terms of…

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Cabinet endorses debt moratorium for BAAC’s farming debtors

The Cabinet has agreed to provide a 12-month debt moratorium, from October 1, to 2.698 million farmers who owe a maximum of Bt300,000 across all their loan contracts with the…

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Srettha government advised to brace for digitalisation, green transition

As the Srettha government is busy trying to revive the Thai economy, it is also facing a long-term dual challenge of keeping pace with digitalisation and the energy transition necessary…

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Thailand’s exports for August rebound for the first time in 11 months

Thai exports for the month of August rebounded by 2.6% year on year for the first time in 11 months, during which exports dropped continuously, Kirati Ratchano, permanent secretary of…

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Move Forward deputy leader Sirikanya Tansakul

Digital wallet scheme to be funded by borrowing from GSB : Move Forward MP Sirikanya

Move Forward party deputy leader Sirikanya Tansakul claimed today (Monday) that the money to fund the government’s 560-billion baht digital wallet scheme will be come in the form of loans…

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Permanent border Thai-Cambodian checkpoint mooted for Sa Kaeo

To boost bilateral trade and communications between Thailand and Cambodia, Sa Kaeo authorities have asked for the opening of a permanent checkpoint, linking Sa Kaeo province with Banteay Meanchey of…

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From left to right, Chairwoman of the Joint Foreign Chamber of Commerce in Thailand, Vibeke Lyssand Leirvag, President of the American Chamber of Commerce in Thailand, Mook Pibuldham, CEO and President of LH Bank, Shih Jiing-fuh

Foreign business leaders urge clarity and stability

As the Srettha government begins implementing its stimulus packages, aimed at revitalising Thailand’s economy, members of the foreign business community here have reiterated their call for political stability and regulatory…

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Debt moratorium policy an exercise in futility?

At the first meeting of the Cabinet on September 13, the new government announced a debt moratorium policy for farmers and small businesses. It was a common refrain of many…

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PM claims foreign corporations now more at ease about investing in Thailand

Foreign multi-national companies are now less worried about investing in Thailand, except for some legal issues which need to be addressed to facilitate investment, claimed Prime Minister Srettha Thavisin upon…

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Blockbuster movie scares Chinese tourists away from Thailand

For millions of Chinese tourists, Thailand used to be a happy land of water fights, lantern festivals and delicious food. But thanks to social media rumours and a blockbuster movie,…

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Phumtham welcomes convicted former PM Thaksin as PM’s chief advisor

Deputy Prime Minister Phumtham Wechayachai has welcomed Srettha Thavisin’s idea of having convicted former prime minister Thaksin Shinawatra act as an advisor, once he completes serving time in prison. “Thaksin…

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Waterfront Condominium

Ex-culture minister offers to surrender to face corruption charges

Fugitive former culture minister Itthiphol Kunplome has offered to surrender to face corruption charges, in connection with the illegal issuance of a permit for the construction of a condominium in…

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Red Line train fare to be reduced to Bt20 by New Year

The State Railways of Thailand (SRT) board agreed yesterday (Thursday) to cut the fare on the Taling Chan-Bang Sue-Rangsit Red Line train service to 20 baht, from a maximum of…

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PM asks Microsoft to invest in regional data centre in Thailand

Prime Minister Srettha Thavisin invited Microsoft to invest in developing Thailand as a regional data centre during an informal discussion with Microsoft executives in New York on Thursday evening. An…

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Transport minister vows to press ahead with land bridge mega project

Transport ministry will press ahead with the land bridge project, to link a deep-sea port in Ranong  on the west coast with a deep-sea port in Chumphon on the east…

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Photo : Thai Government House

It’s time for US to do more business in Thailand : Thai PM

This Thai government’s top priority is to re-energise Thailand’s competitiveness and position as a leading investment destination, an engine of growth in the region and as a place where people…

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Thong Fah logo

Blue Flag outlets may join “digital wallet” scheme : Commerce minister

Ministry of Commerce is considering using its extensive network of retail outlets, shops and eateries, under the “Blue Flag” (Thong Fah) program, to allow people, who may have difficulty finding…

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Oil firms should not make excessive profit from consumers : Energy minister

Oil companies in Thailand should not take too much profit from consumers, to avoid inducing suffering, said Energy Minister Pirapan Salirathavibhaga today (Wednesday). The minister went to Customs Department to…

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Thailand stresses achieving Sustainable Development Goals at UNGA : Srettha

Thai Prime Minister Srettha Thavisin has pledged to work for Sustainable Development Goals (SDG) attainment to uplift the lives and well-being of Thai people. Srettha promised to leave no one…

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Interior Minister Anutin Charnvirakul chats with Bangkok Governor Chadchart Sitthipun after holding a talk on February 19.

Anutin admits to difficulties in solving the Green Line train issues

Interior Minister Anutin Charnvirakul admitted today (Tuesday) that solving the Green Line train issue, which involves massive debt, concession contracts and legal disputes, is complicated and difficult and will take…

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Thai Court revokes arbitrator’s ruling on Hopewell’s ฿24Bn compensation

Thailand’s Central Administrative Court has revoked a ruling by an arbitration tribunal, ordering the Ministry of Transport and State Railways of Thailand (SRT) to pay Hopewell Thailand Company 24 billion…

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Government promises Bt400 minimum wage in January

Thailand’s minimum wage is expected to be increased to 400 baht/day, tentatively from January 1, according to Prime Minister Srettha Thavisin. He said that the increase should, however, be in…

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Funding sources for “digital wallet” scheme will be known in 10 days : Deputy finance minister

The Finance Ministry is expected to have answers within ten days to clear public doubt about the source of funding for the government’s digital wallet scheme and the actual amount…

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Prime Minister Srettha Thavisin attends the Thai Rath Forum 2023, on September 18.

NESDC casts doubts over domestic consumption rise from digital wallet scheme

National Social and Economic Council (NESDC) is unsure that the digital wallet scheme will boost domestic consumption to the level desired by the government, as the current consumption rate remains…

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PM Srettha is visiting Beijing in early October

Prime Minister Srettha Thavisin will fly to Beijing early next month for a three-day official visit, a highly placed source said yesterday (Sunday). China will be the first country Srettha…

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PM promises more price cuts for electricity and benzine

Prime Minister Srettha Thavisin promised today (Saturday) that the price of petrol will be cutt, after the prices of diesel and electricity are further reduced. He urged people to have…

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Will govt policy to cut train fares by 50% spark Bangkok renaissance?

Ruling party Pheu Thai has promised to honor its election policy by capping Bangkok city train fares at 20 baht. If Transport Minister Suriya Jungrungreangkit gets his way, the fare…

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Farmers advised again to skip a rice crop cycle after harvest in October

The Royal Irrigation Department (RID) has repeated its strong advice to rice farmers not to plant a crop after the harvest in October and November this year, due to the…

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Move Forward’s deputy leader Sirikanya Tansakul

Move Forward accuses Srettha government of overspending

Move Forward party deputy leader Sirikanya Tansakul has accused the government of overspending by resorting to borrowing an additional 130 billion baht to partially fund the 560 billion baht digital…

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Digital wallet and debt moratoria schemes should not be for all : BoT governor

Bank of Thailand Governor Sethaput Suthiwartnarueput has suggested that the “digital wallet” scheme should target certain people, instead of all Thais who are 16 and older, while debt a moratorium…

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Brief details of “Kamnan Nok’s” extensive construction business

Praween Chanklai, aka “Kamnan Nok, operates two construction firms, P. Phatanarungrod and P. Raweekanok, which have won contracts in 1,544 construction projects in 11 provinces combined. These contracts have been…

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Photo : Pirapan Salirathavibhaga

Energy Ministry promises to cut gasoline price “soon”

Energy Minister Pirapan Salirathavibhaga has given his assurance that his ministry will work with the Commerce Ministry to reduce the marketing fee for gasoline (benzine) to two instead of three…

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Cabinet agrees to keep VAT at 7% for another year

The Cabinet decided today (Wednesday) to retain the 7% value-added tax (VAT) rate on goods and services until September 30, 2024, to stimulate economic recovery through spending on consumer products…

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Cabinet cuts electricity and diesel prices

The Cabinet decided today (Wednesday) to cut the price of electricity from Bt4.45 to Bt4.10 per unit, effective from September’s billing cycled, Prime Minister Srettha Thavisin told the media after…

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Visa exemptions for China and Kazakhstan nationals start on September 25

Thailand will grant visa exemption to Chinese and Kazakhstani tourists, starting on September 25, in an effort to boost arrivals over the yearend, said PM Srettha Thavisin on Wednesday. The…

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Deputy Finance Minister Julapun Amornvivat

Deputy finance minister defends digital wallet scheme

Deputy Finance Minister Julapun Amornvivat has defended Pheu Thai’s digital wallet scheme, claiming that it is intended to stimulate the grass root economy and develop digital economy infrastructure through the…

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Electricity consumption expected to surge in 2027 due to increased use of EVs

Thailand’s Energy Policy and Planning Office (EPPO) will shortly propose its power development plan (PDP) to Energy Minister Pirapan Salirathavibhaga, in the anticipation that electricity consumption in Thailand will be…

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The 20-baht train fare for all mass transit systems in greater Bangkok will be implemented in about two years.

฿20 Bangkok train fare can be implemented within 2 years

Transport Minister Suriya Juangroongruangkit offered his assurance today (Wednesday) that the 20-baht train fare for all mass transit systems in greater Bangkok will be implemented, but it may take about…

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PM to attend UN General Assembly in New York

Prime Minister Srettha Thavisin said today (Wednesday) that he will attend the United Nations General Assembly in the US this month and expects to meet international business leaders while he…

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Chairman of the Thai Chamber of Commerce, Sanan Angubolkul, talked with Thai PBS World’s Franc Han Shih.

Business leader sees tourism as key to Thailand’s economic growth

With Thailand’s new government, led by Prime Minister Srettha Thavisin of Pheu Thai Party, finally in place, there is growing anticipation among Thai business leaders for a swift economic recovery….

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Nobel Laureate urges youth to embrace entrepreneurship and technology for social good

Nobel Laureate Professor Muhammad Yunus, the iconic advocate for social entrepreneurship and micro finance, was recently in Bangkok to inaugurate the Yunus Centre in Thailand. With his profound influence on…

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Professor Yunus Recognises Technology’s Empowering Role for Youth

Renowned Nobel Laureate, Professor Muhammad Yunus, has been in Bangkok for the launch of the Yunus Centre in Thailand. His advocacy for social business, coupled with harnessing the potential of…

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Director of Marketing, Southeast Asia, Google, Mike Jittivanich

How BMA and Google turn e-waste into new learning tools

The Bangkok Metropolitan Administration (BMA) is joining hands with tech giant Google to turn what would become electronic waste into new learning tools for students at 437 city schools. More…

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