Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
About eight million Thais registered for the third phase of the 50:50 co-payment stimulus scheme in just 50 minutes, after applications opened at 6am today (Monday), causing a brief disruption to the “Pao Tang” government app. The disruption was, however, not widespread and the system resumed operation shortly afterward. About 23 million more people are
The Bank of Thailand has instructed commercial banks to extend, until the end of the year, debt repayment periods for small and medium-sized enterprises, to help them cope with the impacts from the third wave of the COVID-19 pandemic. Meanwhile, the central bank has allowed banks to pay interim dividends to their shareholders, not exceeding
Thailand’s consumer confidence index (CCI) for the month of May plunged to its lowest point in 22 years and eight months, due to impacts from the third wave of the COVID-19 pandemic and political instability, said Mr. Thanawat Pholvichai, rector of Thai Chamber of Commerce University and chairman of the university’s economic and business forecasting
The launch of Thailand’s mass vaccination program on June 7 has sparked hope that the country can reopen for tourists and resume normal business activities. But uncertainty remains. The third wave of COVID-19 that erupted in April has stretched the public health system to breaking point as daily cases soar into the thousands coupled with
China’s exports rose 27.9 percent in May while imports grew at the fastest pace in more than a decade as the global economy powers back from the pandemic crisis, data from the National Bureau of Statistics showed Monday. Demand for China’s goods has bounced after economically painful lockdowns last year due to the Covid-19 crisis,
About 20,000 small and medium sized enterprises (SMEs), mostly in the tourism sector, closed down during the first quarter of this year, due to the impacts of the COVID-19 pandemic. Director of the Office of SMEs Promotion (OSMEP) VeerapongMalai said over the weekend that the closure of the SMEs during the first three months of
The government launched its latest stimulus package on June 1 in a bid to shore up the economy and aid those impacted by Thailand’s third wave of COVID-19. Worth Bt140.4 billion, the package covers 51 million people. From July, all state-welfare cardholders will get a monthly Bt200 cash handout until the end of the year.
There are hundreds of business startups in various industries in Thailand, with 235 currently listed in the directory of Techsauce, the leading site for tech and business news in Southeast Asia. Many are, however, struggling due to the COVID-19 pandemic. Some have adjusted their business models in response to the changing times or are even
The Thai cabinet approved four economic stimulus schemes today (Tuesday), aimed at easing the cost of living burden of about 51 million Thais and stimulating the COVID-beset economy for the rest of the year. According to Ms. Kulaya Tantitemit, director of the Fiscal Policy Office and spokesperson for the Finance Ministry, the first measure is
The third wave of Covid-19 continues to dampen the housing market and leads to changes in the type of property sought Just when Thais thought the “Work From Home” lifestyle had more or less faded from view, the third wave of Covid-19 struck in April, bringing Thailand back to square one and forcing people not
Covid-19 will forever change the restaurant business as many eateries are forced to close. The current wave of the pandemic is expected to wipe out hundreds of struggling restaurants following the government’s decision to restrict dining in and operating hours in the “dark red” zones, Bangkok among them, where the virus has been spreading quickly
App-based food delivery services have agreed to cut their gross profit share (GP), normally charged to eateries at 30-35%percent, to 25%, while eateries also agreed to lower food prices by as much as 60% during June, in Bangkok and its suburbs. The agreement to lower GP share and food prices was reached at a meeting,
