Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
HONG KONG (AFP): Asian markets broadly fell in morning trading Monday, tracking uncertainty over the Omicron variant of Covid-19 as well as disappointing US jobs data and the future of Chinese tech firms on Wall Street. The Omicron variant has been detected in 38 countries but no deaths have yet been reported, with authorities worldwide
Cryptocurrency holders are staring at an uncertain future, as the authorities are at a crossroads on how to regulate the use of digital assets amid their increasing popularity. Investors who envision a big role for cryptocurrency in the economy may have to rethink their options as the authorities are close to rolling out new measures
Thailand’s anti-CPTPP civil society organizations, claiming to represent 400,000 citizens, issued an open letter today (Thursday), addressed to Prime Minister Prayut Chan-o-cha, urging the government immediately to cease plans to join the 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade bloc. Among the member countries are fellow ASEAN members Brunei, Malaysia, Singapore and
Volatility and security risks mean that Thailand’s Central Bank remains unconvinced about the use of digital assets to purchase goods and services, as many shops have started allowing payment using cryptocurrencies. The Bank of Thailand’s Assistant Governor for Payment Systems Policy and Financial Technology, Siritida Panomwon Na Ayudhya, revealed that the central bank does not
Central Retail Corporation, Thailand’s leading retail conglomerate, has announced the conclusion of a partnership deal with the Thai unit of Singapore-headquartered ride-hailing application Grab, Grab Taxi Holding (Thailand) Company Limited. Central invested 4.5 billion baht to purchase 133,545,740 shares, or a 67% share of Porto Worldwide Limited, a shareholder in Grab Taxi Holding Thailand, which
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 growth is at risk of weakening next year. Here is a look at the state of the global economy: Uneven recovery Countries have posted impressive
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 and entertainment venues was postponed until mid-January. Labour minister Suchart Chomklin will propose the allocation of some money from the social security fund for those
(Reuters) – Twitter Inc Chief Executive Officer Jack Dorsey is stepping down from his role and Chief Technology Officer Parag Agrawal will now lead the company, the social networking site announced on Monday. The appointment of Agrawal, a 10-year veteran of Twitter, signaled a tacit endorsement by the board of a strategy the company previously laid out to double its annual revenue by 2023, even if investors were not
Thailand’s Centre for COVID-19 Situation Administration (CCSA) decided today (Friday) to extend the country’s State of Emergency until January 31st and to remove the COVID-19 “dark red” zone status, spokesman Dr. Taweesin Visanuyothin told the media after the CCSA meeting. With the removal of the “dark red” category, he said the night time curfew will
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 hoping for a better future. Most businesses have resumed, albeit in a new normal way, but despite the relatively positive outlook, hotel operators believe it will
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 to around 28 baht/litre, and oil traders to maintain the marketing fee at 1.40 baht/litre. The measures are to ease the impact on truck operators
Deputy Secretary-General of Thailand’s National Broadcasting and Telecommunications Commission (NBTC), Suthisak Tantayothin confirmed that, for the time being, customers of mobile phone services provided by True and Dtac will not be affected, following an announcement of a potential merger between the two telecom giants. Mr. Sutthisak added that the Trade Competition Commission (TCC) should step in
