Economy

Global economy rebounds, but for how long?

The world economy woke up from its pandemic-induced coma in 2021, but soaring inflation, global supply chain bottlenecks and a resurgent coronavirus have taken the shine off the comeback. Now…

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Compensation for nightlife businesses and employees to be proposed to CCSA

Thailand’s Ministry of Labour is set to propose to the Centre for COVID-19 Situation Administration (CCSA) the compensation for nightlife business owners and their employees, after the reopening of nightclubs…

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Starting again: Thailand’s reopening gives hope despite challenges and risks

Many operators in the hospitality sector have gone through the worst of their business lives due to the pandemic but now, with Thailand once again open to visitors, they are…

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Thailand to produce only B7 diesel fuel until next March to reduce diesel prices

Thailand’s Energy Policy and Planning office (EPPO) decided today (Wednesday) to instruct oil refineries to produce just one type of diesel fuel (B7), from December until next March, to lower the price…

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Jack TAYLOR / AFP

Record 870,000 Thais unemployed in Q3 2021, household debt surges 5% – NESDC

Impacted by COVID-19 lockdown measures, about 870,000 Thais were jobless during the third quarter of this year, a record high, with college and university graduates accounting for 3.63%. Meanwhile, household…

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Pro-active international economic policy ‘a must’

Thailand’s international economic policy is set to be revamped when a new government is formed next year, with the application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership…

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Thai private sector to propose economy-boosting measures to PM on Sunday

Sanan Angubolkul, president of the Thai Chamber of Commerce, told an economic forum today (Saturday) that five regional chambers of commerce have been developing measures, to be complied into a…

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Thai cabinet approves ฿20bn loan to reduce diesel prices

Thailand’s cabinet today (Tuesday) approved a 20 billion baht loan, from the State Oil Fund, to maintain diesel prices at no more than 30 baht per litre for 4 months….

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Photo by CHRISTOPHE ARCHAMBAULT / AFP

Thailand’s GDP for Q3 contracts 0.3%, forecast to increase by 1.2% for whole year – NESDC

Thailand’s economic gross domestic product (GDP) shrank 0.3% during the third quarter, compared to an increase of 0.1% during the second quarter and 7.6% during the same quarter of last…

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Thai energy minister defends 30 baht/litre price for diesel

Thailand’s energy minister Supattanapong Punmeechaow has defended the government’s decision to cap the retail price of diesel fuel at 30 baht/litre, saying that this price has been maintained for more…

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Additional ฿76 billion needed for Thailand’s rice price support

Thailand’s cash-strapped Ministry of Finance will consult the Budget Bureau about finding an additional 76 billion baht to fund the Commerce Ministry’s rice farmer revenue guarantee scheme, for the 2021-22…

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APEC region’s economy to grow by 6% in 2021

Next year, economic growth in the APEC region is forecast to shrink to 4.9%, from the estimated growth of 6% this year, in anticipation of the unwinding of fiscal and…

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Slightly fewer dwellings listed on property market in Q2, 2021, with prices increased

A Thai Real Estate Information Centre’s (REIC) report shows an average of 114,668 second hand dwellings had been listed per month in the second quarter of 2021, along with some…

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Truckers gear up for mass protest on Monday to demand diesel price cap

Thousands of truckers in Thailand are gearing up for a nationwide strike tomorrow (Monday), to pressure the government into meeting their demand for the price of diesel to be capped…

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CCSA asked to ease restrictions on stalls at exhibitions, festive events, malls

Thailand’s Ministry of Public Health will ask the Centre for COVID-19 Situation Administration (CCSA) to ease restrictions on movable retail stores, so they can open in exhibition halls, at festive…

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File photo: A traditional Thai statue wears a face mask as a campaign for travellers to prevent the spread of Covid-19 coronavirus at the departure terminal of Suvarnabhumi International Airport in Bangkok before the new year last year. Jack TAYLOR / AFP

International airlines return 80% of their airport slots in Thailand for the next five months

International airlines have returned as many as 80% of their airport slots at Thailand’s six international airports between October 31st and March 26th next year, indicating their uncertainty over a…

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Thai banks assure systems are in place to protect against cyber scams

Commercial banks in Thailand have put in place measures to protect their credit and debit card holders from cyber fraudsters who, between October 1st and 17th, stole about 130 million…

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More private schools in Thailand to close due to pandemic related cashflow problems

About 70 private schools in Thailand have closed down during the past nine months, due to the impacts of COVID-19,and about 100 more are expected to follow suit, including 10…

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Truckers stage rally to demand diesel price peg at 25 baht per litre

Hundreds of trucks and their drivers, affiliated with the Land Transport Federation of Thailand, gathered this morning (Tuesday) at muster points on six main routes in different parts of the…

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This photo taken on September 8, 2021, shows vendors waiting for sweat to collect on cotton swabs placed under their clothing, as research team from Chulalongkorn University’s chemistry department collect sweat samples to develop a novel device that detects the Covid-19 coronavirus through specific odors, in Bangkok. Lillian SUWANRUMPHA / AFP

Thailand’s consumer’s confidence index rises while business index falls

Thailand’s consumer confidence index for the month of September increased for the first time in seven months, thanks to the easing of lockdown restrictions, while the confidence index for the…

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A general view shows the Evergrande Center building in Shanghai on September 22, 2021. Hector RETAMAL / AFP

Thai government advised to prepare for financial fallout from China’s ‘Evergrande’ crisis

Thailand’s former finance minister and Kla Party Leader Korn Chatikavanij has strongly advised the Thai government to take precautionary steps to protect against any fallout from China’s Evergrande crisis. In…

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File photo. The “Phuket Sandbox” programme for visitors fully vaccinated against the Covid-19 coronavirus has remained closely-watched, economically and politically. Jack TAYLOR / AFP

Thailand’s new tourism promotional slogan for next year unveiled

The Thai government plans to promote tourism next year under the new slogan “Visit Thailand 2022, Now Even More Amazing Thailand Has It All”, together with investments as well as…

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Thailand raises public debt ceiling to 70% of GDP

Thailand has decided to increase its public debt ceiling to gross domestic product (GDP) ratio to 70%, from the current 60%, to allow the government to borrow more to rehabilitate…

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