Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
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 than a decade by several governments, including the Prayut administration. Speaking ahead of a planned rally tomorrow (Tuesday), by about 500 truck drivers affiliated with
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 year, mainly due to belt-tightening by consumers in the wake of a surge in COVID-19 infections, said Secretary-General of the National Economic and Social Development
New York (AFP) – Tesla CEO Elon Musk sold more than $6.9 billion worth of shares in the electric carmaker this week, according to regulatory filings released Friday. The 50-year-old South African billionaire sold more than 5.1 million Tesla shares, of which about 4.2 million were held in a trust. His massive disposal hit Tesla’s share
The Thai Ministry of Public Health signed a memorandum of understanding (MOU) today (Thursday) with the RxLeaf World Medica Company, to establish an international medical cannabis research centre, with the aim of developing and producing world-class cannabis-based herbal medicines. Public Health Minister Anutin Charnvirakul and Public Health Permanent Secretary Dr. Kiattibhoom Vongrachit presided over the
DETROIT (AP) — After making a promise on Twitter, Tesla CEO Elon Musk has sold about 4.5 million shares of the electric car maker’s stock, raising over $5 billion. The sales, disclosed in 10 regulatory filings late Wednesday, amount to about 3% of Musk’s stake in the company. About $1.1 billion will go toward paying
The Thai Retailers Association has proposed that the government revive the “Shop Dee Mee Kuen” (shopping with refunds) scheme to encourage consumer spending during the last two months of the year The association’s chairman, Yon Pokesap, said on Tuesday that the weeks leading up to the New Year are an ideal time to encourage people
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 main rice crops, estimated to cost about 89 billion baht. Finance Minister Arkhom Termpittayapaisith said, today (Tuesday), that he had to talk to the Budget
The world cryptocurrency market is worth more than $3 trillion for the first time, according to calculations Monday, as mainstream investors increasingly jump on board. The value has reached $3.007 trillion (2.6 trillion euros), said CoinGecko, which tracks prices of more than 10,000 cryptocurrencies. “The crypto market is growing at a mind-blowing speed,” noted SwissQuote analyst Ipek Ozkardeskaya. “A part of it is speculation of course, but a part of it
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 monetary support measures, according to a newly published report on economic trends in the Asia-Pacific. The Asia-Pacific regional economy expanded by
The Thai Food and Drug Administration (TFDA) has approved 218 formulae for cannabis and hemp derived cosmetics, paving the way for their domestic production. Acting Deputy Secretary-General of the TFDA Dr. Supattra Boonserm said Wednesday that more such formulae are expected to be approved this year, as many businesses have shown interest in producing cosmetics
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 290,000 new properties, a slight contraction compared to the first quarter of this year, but at higher prices. The data was collected from state financial
Struggling national flag carrier Thai Airways International expects to make a profit in 2024 if the government’s policy of reopening Thailand to foreign arrivals proceeds smoothly, said Piyasvasti Amranand, chairman of the Rehabilitation Plan Administrators, on Monday. He said that the company, which is undergoing bankruptcy-protected restructuring, has managed to cut operational costs by more
