Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
Thai consumer spending in foreign currencies increased 200% during the second quarter year on year, according to a multi-currency wallet platform Youtrip. The data also shows most spending was on popular e-commerce platforms and for home entertainment, such as games and video streaming. The most popular e-commerce platforms were Amazon, eBay, Alibaba, Aliexpress, iHerb, KTown4U,
A group of 172 massage parlour and spa operators filed a class action lawsuit with the Civil Court today (Tuesday) against the Finance Ministry and the government, demanding compensation for losses caused by the partial lockdown restrictions imposed by the Centre for COVID-19 Situation Administration (CCSA) since last year. The businesses are being supported by
CLEVELAND (AP) — A major Thai asphalt company has been implicated for money laundering in a criminal complaint against a Miami businessman accused of violating U.S. sanctions for doing maintenance work on Venezuela’s fleet of Russian fighter jets. Jorge Nobrega was arrested Sunday at Miami’s international airport, according to his attorney, Francisco Alfonso Marty, who
Many depositors may have to think hard about the safety of their cash deposits in commercial banks after deposit insurance was slashed to a maximum of Bt1 million from Bt5 million per depositor per financial institution. The change took effect from August 11. Stability of financial system The idea of deposit insurance was born out
NEW YORK (Reuters) – Drug makers Pfizer Inc, BioNTech and Moderna Inc are expected to reap billions of dollars from COVID–19 booster shots in a market that could rival the $6 billion in annual sales for flu vaccines for years to come, analysts and healthcare investors say. For several months, the companies have said they expect that fully inoculated people will need an extra dose of their vaccines to
The Thai Hotels Association is urging the government to come up with measures to promote domestic tourism, because it is unsure that the plan, earlier announced by Prime Minister Prayut Chan-o-cha to reopen Thailand to foreign visitors by mid-October, will be achieved, as the country is battling its worst COVID-19 outbreak yet with new highs
The baht has seen a steady slide for weeks amid a surge in COVID-19 infections and deaths recently. The baht fell to 33.39 to the US dollar at one point last week, its weakest in almost three years, according to Kasikorn Research Centre. Fragile economy “The baht’s slide reflects the dichotomy of the Thai economic
The Thai cabinet, on Tuesday, approved a 33.47 billion baht budget to help about 6.69 million unemployed and freelance workers affected by the government’s partial lockdown restrictions, imposed in the 29 COVID-19 “Dark Red” provinces, said Government spokesman Anucha Burapachaisri. People eligible for the 5,000 baht taxpayer funded cost-of-living allowance are those covered by Section
Thailand’s economic think-tank, the Thailand Development Research Institute (TDRI), predicts that the number of unemployed in the kingdom will reach one million by the end of this year, if the COVID-19 pandemic remains uncontrollable. Associate Professor Yongyuth Chalamwong, director of labour development research in the TDRI’s human resources and social development department, told Thai PBS
Thailand’s “modern trade” confidence index in the second quarter of this year hit the lowest point in the past three years, at 45.3, as retail businesses are being hit hard by the pandemic and government measures, according to a joint press conference by The University of the Thai Chamber of Commerce (UTCC) and the Board
The Thai cabinet, today (Tuesday) approved the allocation of another 30 billion baht to help businesses and employees in the 16 provinces recently added to the COVID-19 “Dark Red” category affected by the partial-lockdown restrictions, said Government spokesman Anucha Burapachaisri. This support, now a total of 60 billion baht for 29 Dark Red provinces, is
The COVID-19 crisis has continued to aggravate in Thailand with new cases rising at an alarming rate, exceeding over 15,000 a day in the last few days. The impact on businesses and people has become more serious as the government is struggling to administer vaccine jabs at an effective rate. There are serious concerns about the virus spreading
