Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
In one of the most-watched acquisition deals of 2021, Siam Commercial Bank Pcl (SCBX) on November 2 announced it was taking a 51 percent stake in Bitkub Online Company for a hefty Bt17.85 billion. The deal with Bitkub Capital Group Holding Co will make SCB Securities Co (SCBS) the majority shareholder of Bitkub when the
The Finance Ministry is considering levying a financial transaction tax (FTT) on stock trading next year, but a decision will depend on economic conditions, Finance Minister Arkhom Termpittayapaisith revealed recently. What is FTT? The ministry is considering an FTT tax rate at 0.1 percent of transaction value on the seller, regardless of whether the transaction
The Thai cabinet endorsed the Finance Ministry’s plan to roll out the fourth phase of the popular 50:50 co-payment scheme today (Tuesday), from March until the end of April, according to Government Spokesman Thanakorn Wangboonkongchana. He did not offer any details about the amount of money being earmarked for the scheme, but said that it
The Social Security Office of Thailand (SSO) has agreed to provide a one-time 5,000 baht support payment to nightlife entertainers, including musicians, comedians and other performers, who have been left without work since last year by restrictions imposed to contain the COVID-19 pandemic. The agreement, which will be considered by the cabinet at its meeting
Thailand took a major step towards legalizing casinos after the House of Representatives voted on December 2 to undertake a feasibility study on allowing gambling dens. Both the government and opposition MPs have expressed their support to set up entertainment complexes, as new sources of revenue are being eyed after COVID-19 weakened the country’s fiscal
Emphasising how the private sector is the one that needs to lead the country into recovery, Alfonso Garcia Mora, Vice President for Asia Pacific at the International Finance Corporation, (IFC), a sister organization of the World Bank, pointed to how Thai businesses can capitalise on electronic vehicle production, rethink their tourism strategies and embrace digitalisation going forward, in an
Thai people may get to enjoy the benefits of the 50:50 co-payment and “Shop Dee Mee Kuen” (The More You Spend the More You Get) schemes until end of January, as the Finance Ministry considers extending the two economic stimulus measures. Finance Minister Arkhom Termpittayapaisith said that the ministry will submit a proposal to extend
To cope with uncertainty and to overcome the health and economic difficulties brought about by COVID-19, the APEC 2022 host is to promote resilient, inclusive, balanced and sustainable growth for the whole Asia-Pacific region. Permanent Secretary for Foreign Affairs Thani Thongphakdi outlined Thailand’s main strategies, as the current APEC chair, in an online briefing today
The Thai private sector is asking the government to extend the 50:50 co-payment economic stimulus scheme until the end of January and to continue the power and water rate cuts for another three months. President of the Thai Chamber of Commerce Sanan Angubolkul, in his capacity as chairman of the Joint Standing Committee on Commerce,
Italian-Thai Development PCL issued a statement today (Wednesday) offering assurance that the imprisonment of its president, Premchai Karnasuta, for poaching and other offences will not affect the operations or management of Thailand’s leading construction company. In the statement, the company said that it had named Premchai’s youngest son Thoranis Karnasuta as acting president, effective from
After the recent relaxation of COVID-19 related restrictions, sales have gradually improved in restaurants and other businesses, but they are warning that reintroducing harsh measures or lockdowns could severely affect the economy. Chairman of the Federation of Thai Industries (FTI) Supant Mongkolsuthree said he does not want to see panic over the emergence of Omicron
Subscribers to the third phase of the 50:50 co-payment stimulus scheme have been advised to spend the balance in “Pao Tang” accounts, as the scheme will expire on December 31st and the Finance Ministry has no plan to extend the program, according to Finance Ministry Spokesperson Pornchai Thiraveja. Mr. Pornchai said that the Finance Ministry
