Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
Despite growing public concern over surging COVID-19 infections, the Phuket Sandbox scheme is set to roll out on July 1. From next month, fully vaccinated foreigners are welcome to fly in and explore the tropical paradise island without quarantine if they test negative for the virus on arrival. While tourism-related businesses can’t wait for Phuket
Only about 310,000 Thais have joined the Finance Ministry’s “Ying Chai Ying Dai” (The More You Spend, the More You Get) stimulus scheme, launched on Monday in the hope of encouraging people with high purchasing power to spend to stimulate the struggling economy. Finance Permanent Secretary Krisana Jinavijarana said yesterday (Tuesday) that the number of
Dating app Tinder on Tuesday added more ways for people to get to know each other from afar before meeting in a world changed by the pandemic. “People want to take more time to get to know somebody virtually before deciding that they want to match and meet offline,” chief executive Jim Lanzone said while
The opposition is targeting a “secret budget” worth more than Bt1 billion while vetting the Bt3.1-trillion budget for the 2022 fiscal year. The budget bill passed its first parliamentary reading in early June and is now being vetted by the ad-hoc committee until August, before being sent back to Parliament for votes in the second
Members of Greenpeace Thailand gathered in front of Government House on Tuesday, to present the 400,000 signatures it has gathered in opposition to the government’s plan to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The cabinet will decide this Thursday whether to begin membership negotiations. Carrying a large green balloon, containing the
LONDON/TOKYO (Reuters) – Bitcoin tumbled almost 10% on Monday as recent volatility in the cryptocurrency market showed no signs of dampening down, with market players citing jitters over China‘s expanding crackdown on bitcoin mining in thin liquidity for the losses. Bitcoin fell as low as $32,094 to its lowest in 12 days, dragging smaller coins down. It was last down 8.3%, on course for its
Eight airlines have been given slots to fly into Thailand’s southern resort province of Krabi during the cold season, from October 31st to March 26th, said Director-General of Thailand’s Department of Airports (DoA) Apirat Chaiwongnoi today (Friday). He said the requests were made during the 148th IATA Slot Conference, which was held virtually between June
The global shipping industry is facing a severe labor shortage amid travel restrictions sparked by the COVID-19 surge in India which provides 14.6 percent of international seafarers to the sector, one of the world’s largest. According to the International Chamber of Shipping (ICS), main ports like Singapore, Hong Kong, and Dubai have all banned entry of
Bangkok street vendors can now enjoy continuing doing their businesses at allocated spots specified by local authorities, after a Bangkok Metropolitan Administration (BMA) committee tasked with maintaining the orderliness of the capital has extended its permit to street vendors from one to two years, according to Deputy Bangkok Governor Sakontee Pattiyakul. In the short-term the
Prime Minister Prayut Chan-o-cha has instructed the Bank of Thailand (BoT) to review the caps on interest rates charged for personal loans, which include credit cards, ready cash cards, vehicle leases, micro-finance and nano-finance. The prime minister said yesterday (Tuesday) after the weekly cabinet meeting he wants the central bank to find ways to ease
Financially-strapped Thai Airways International (THAI) is seeking 50 billion Baht worth of capital from both the government and private financial institutions to boost its liquidity, so the struggling airline will be able to stay afloat and expand its operations, after the Central Bankruptcy Court approved its rehabilitation plan today (Tuesday). THAI’s acting CEO Charnsilp Trinuchakorn
About 3,000 restaurants in Thailand have applied for loans over the past week, under a new scheme co-initiated by the Commerce Ministry and five state financial institutions, to help struggling businesses cope during the ongoing COVID-19 pandemic. Loans of up to 879 million baht have been sought since June 7th, when the “Jub Koo Goo
