Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
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 his Facebook post today, he said that, for the past several weeks, the government has been busy dealing with the floods, while foreign media and
More than a dozen heads of state and government, from Jordan to Azerbaijan, Kenya and the Czech Republic, have used offshore tax havens to hide assets worth hundreds of millions of dollars, according to a far-reaching new investigation by the ICIJ media consortium. The so-called “Pandora Papers” investigation, involving some 600 journalists from media including
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 the setting up of a tourism promotional fund to transform Phuket into a world class destination. The ambitious plan for Phuket and the tourism sector
Finance Minister Arkhom Termpittayapaisith recently announced that the government needed to increase the public debt ceiling to 70 percent of gross domestic product (GDP) from 60 percent. The remarks came amid the ongoing COVID-19 pandemic and slower economic growth. The move, which increases the government’s ability to raise funds, marks an about-turn for Prime Minister
World Bank has slashed Thailand’s gross domestic product (GDP) projection for 2021 to just 1%, from 2.2% originally forecast, due to the impacts of the COVID-19 pandemic, said Mr. Kiatipong Ariyapratya, senior economist at the World Bank’s regional office in Thailand. He added, however, that Thailand’s economy may rebound and the growth rate may increase
Labor experts and investors are throwing their support behind the government’s move to lure one million wealthy expats and highly skilled professionals on long-stay visas, but netizens are worried about land grabbing by foreigners. The recent economic stimulus package to invite high-potential foreigners to invest and work in Thailand has sparked a debate. Concerns over
Thai exporters cannot continue to rely on the benefits they have been enjoying so far this year, to which a two-digit export growth has been attributed, but will have to make adjustments to meet new challenges next year, to stay competitive in the world market, said President of the Export-Import Bank of Thailand Rak Vorrakitpokatorn,
Long-staying foreigners can own at most 49% of a condominium building and cannot own land in Thailand, but can rent land on a long-term basis under a special law, such as the Thai investment law for investing in the Eastern Economic Corridor (EEC) mega-project, said Deputy Government Spokesperson Ms. Traisuree Traisoranakul today (Monday). She said
BEIJING, Sept 16 (Reuters) – China has filed an application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the commerce ministry said, as the world’s second-biggest economy looks to bolster its clout in trade. Commerce Minister Wang Wentao submitted China’s application to join the free trade agreement in a letter to New
Bangkok will postpone its reopening to fully vaccinated and COVID-negative visitors from abroad, scheduled for October 1st, to October 15th, as the authorities want at least 70% of the city’s population vaccinated first, which is expected to be by mid-October, said Tourism and Sports Minister Phiphat Ratchakitprakarn said yesterday (Wednesday). He explained that, after a
Staple vegetables, such as chili, eggplant and cucumber, are now being grown on the roofs, in the tires and in the trunks of abandoned taxis and you probably don’t need to travel far to see this unusual sight. It can be seen in Bangkok’s Bang Waek neighbourhood of Phasi Charoen district, near the Energy Ministry,
Today (Tuesday) Thailand’s cabinet approved, in principle, a measure to attract “high potential” foreigners, including wealthy retirees and specialists, to stay long term in the country in a bid to promote foreign investment and to improve the struggling economy. Government spokesman Thanakorn Wangboonkongchana said that Thailand has set a target to attract as many as
