Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
The Thai capital’s once bustling Chinatown is now uncharacteristically quiet, with many businesses suffering from the impacts of the raging COVID-19 pandemic. The 9pm to 4am curfew in Bangkok and 12 other provinces is prompting numerous street food stalls and restaurants in Chinatown, centred on Yaowarat Road, to open earlier than usual. One of them
Thailand’s economic recovery looks set to be delayed further, with many research houses revising down their growth forecasts for this year. The economy contracted 6.1 percent last year amid the fallout of the COVID-19 crisis and lockdowns. Earlier this year, many economists were optimistic that it would expand by 2 percent or higher in 2021.
The global economy will expand by six percent this year, but disparities between nations are widening as advanced economies accelerate while developing countries fall behind, the IMF said Tuesday. While the forecast for global growth is unchanged from the previous estimate in April, the United States is projected to see faster seven percent growth thanks
New York (AFP) – Amazon on Monday denied a report that the e-commerce giant planned to begin accepting Bitcoin payments by the end of this year, but acknowledged an interest in cryptocurrency. City AM cited as unnamed insider as saying Amazon would start taking cryptocurrency, citing a recent job posting by the company for someone with digital
40 of Thailand’s leading CEOs have called on the government to get the COVID-19 pandemic under control, compensate people who have been adversely impacted by it, boost the economy and rehabilitate the country, while rejecting the idea of a “Wuhan” style lockdown, according to Government Spokesperson Anucha Burapachaisri. During a video conference, with Prime Minister
Thailand’s household debt, for the first quarter of this year, soared to 14.1 trillion baht, accounting for 90.5% of gross domestic product (GDP), and is increasing due to a fall in incomes and increasing debt, according to Bank of Thailand (BoT) Assistant Governmor Thanyanit Niyomkarn. Thanyanit said that 34% of household debt is housing related,
Thailand is targeting at least one gold medal as 41 Thai athletes launch their campaigns at the Tokyo Olympics, which start on Friday (July 23) under a sealed COVID-19 “bubble”. A Thai delegation of 15 male and 26 female athletes will represent the Kingdom in 16 disciplines at the quadrennial sports tournament from July 23 to August 8. The Games were postponed last year due to
SAN RAMON, Calif. (AP) — Netflix reported its worst slowdown in subscriber growth in eight years as people emerge from their pandemic cocoons. So it’s adding a new attraction to its marquee: Video games. On Tuesday, the video streaming giant announced it will offer video games in its existing subscription plans at no extra cost,
Adoption matters most in the cryptocurrency and blockchain industries, while giant techs “of the caliber of Google, Amazon, and Apple” are expected to diversify their assets into cryptocurrency, said Bitkub.com or Bitkub Exchange CEO Atthakrit Chimplapibul in an exclusive interview with Thai PBS World earlier in July. Saying there are many factors that could affect
Thailand’s state-owned Government Savings Bank (GSB) will help ease financial the burden for more than 750,000 mostly small debtors, through debt a moratorium scheme, said GSB Director Withai Rattanakorn today (Tuesday). In line with the government’s policy to ease the hardships of small debtors, affected by the impacts of the COVID-19 pandemic, he said that
Federation of Thai Industries (FTI) chairman Supant Mongkolsuthree has expressed doubt that the Centre for COVID-19 Situation Administration (CCSA)’s decision to tighten lockdown measures in 13 “Dark Red” provinces will successfully contain the rapid surge in COVID-19 infections. Pointing out that the new restrictions will cause damage to the national economy, estimated at about 100
Financial misery has engulfed both individuals and small businesses as a result of the economic fallout from the coronavirus pandemic and the lockdowns and restrictions that have accompanied it. SMEs, which are the primary source of employment and the key suppliers of goods and services to a large segment of the population, have been the
