Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
BEIJING (Reuters) – China’s economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks and major wobbles in the property market and raising pressure on policymakers to do more to prop up the faltering recovery. Data released on Monday showed gross domestic product (GDP) grew 4.9% in July-September from a year
Thailand needs to develop its human resources, improve the quality of its education, and get serious about addressing the inequality gap, says economist, Dr. Somjai Phagaphasvivat. He said that dealing with these issues is the long-term solution for the Thai economy. “What has been problematic for a really long time, and has been widely exposed
State-run banks have rolled out financial measures to help private individuals and businesses affected the current flooding, according to Pornchai Theeravet, director of the Finance Ministry’s Fiscal Policy Office. The banks involved in helping flood victims are the Government Savings Bank (GSB), the Bank of Agriculture and Agricultural Cooperatives (BAAC), the Government Housing Bank (GHB),
LONDON/HONG KONG (Reuters) – Bitcoin hit $60,000 for the first time in six months on Friday, nearing its record high, as traders grew confident that U.S. regulators would approve the launch of an exchange-traded fund (ETF) based on its futures contracts. Cryptocurrency investors have been waiting for approval of the first U.S. ETF for bitcoin, whose recent rally has been fuelled in part by
Business leaders are expecting an influx of foreign tourists and investors when Thailand reopens its doors to the world on November 1. “Reopening Thailand will open up many opportunities,” said Stanley Kang, chairman of the Joint Foreign Chambers of Commerce. Prime Minister Prayut Chan-o-cha had earlier announced a phased reopening of the country to foreign
Thailand’s household economy has improved but will remain fragile for the rest of the year, due to a combination of flooding, rising energy prices and uncertainty over the COVID-19 pandemic, although Economic Condition Index (ECI) for September has improved from August, according to the Kasikorn Research Center’s ECI report. Thailand’s ECI for September is 36.6,
Washington (AFP) – The ongoing hit from the Covid-19 pandemic and the failure to distribute vaccines worldwide is worsening the economic divide and darkening prospects for developing nations, the IMF said Tuesday. Global economic growth this year and next is expected to continue as the recovery solidifies broadly, but the overall figures mask large downgrades and ongoing
Legalized ride-hailing taxi services, which start next month, will offer more choices, but both consumer satisfaction and drivers’ welfare are dependent on many variable factors in the post-COVID-19 scenario. Technology disruption, consumer complaints about taxi services, and some confrontations between unregulated private taxi drivers and public taxi drivers have forced the Transport Ministry to come
Amid a sharp decline in tax collections due to COVID-19, Thailand’s newly levied e-service tax has emerged as a welcome source of revenue for the exchequer. The 7 percent value-added tax on non-resident electronic platforms selling services to customers in Thailand came into effect on September 1. Some 90 platforms, including Facebook, Netflix, Tencent, Alibaba,
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 business sector for the same period continued its steady slide, because of concerns over floods, oil price rises and political instability. Thanawat Pholvichai, rector of
The Thai cabinet has approved the establishment of six special economic promotion zones in the Eastern Economic Corridor (EEC) in eastern Thailand, with the aim of attracting investments of over 300 billion baht in future industries, such as modern automotive production, smart electronics, logistics, aviation, agriculture and biological technology. The cabinet realises the need to
How can passengers take 10 billion flights a year without contributing to global warming? The question of “greening” the international aviation sector by 2050 constitutes a colossal task whose stakes — and sheer numbers — can make the head spin, according to the airlines themselves. At its general assembly in Boston Monday, the International Air Transport Association
