Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
Thailand’s exports this year are projected to increase by 7% year on year, thanks to the gradual economic recoveries in Europe and the US, following mass vaccinations to contain the spread of COVID-19, according to forecasts by the Kasikorn Research Centre (KRC). Thai exports for April grew 13.09%, compared to the same period last year,
Critics say the 2022 budget bill scheduled for debate in Parliament next week has several flaws, ranging from the size of total spending to how it is allocated. The 2022 fiscal year budget is worth Bt3.1 trillion, Bt185.9 billion less than the current 2021 budget. The four ministries receiving the largest share are Education at
Thailand’s over-a-decade long online lottery saga, pitting Loxley Public Company against the Government Lottery Office (GLO), came to an end today when the Supreme Administrative Court ordered the GLO to pay Loxley 1.65 billion baht in compensation for the failed project. The compensation is divided into 1.04 billion baht in damages and the rest to
It used to be hard to imagine the word “quarantine” would come up in conversations about travel. That was until 2020, when “quarantine” and “isolation” became familiar to most people, if not by having to be in one, then with the concept at least. Thailand has a program, whereby hotels can be part of the
India’s giant Tata Steel has announced that it will keep paying salaries to the families of employees who die of COVID-19, until the deceased employee would have been 60 years old. In a Twitter post, Tata Steel stated that it “has taken the path of agility with care by extending social security schemes to family
Controversy has erupted over the government’s move to borrow another huge sum to aid recovery from the virus crisis. The government opted for an emergency decree to sanction an extra Bt500 billion in borrowing after the latest wave of COVID-19 hit businesses and people already suffering from earlier outbreaks, killing chances of a quick economic
The Thai Real Estate Association and related agencies are discussing ways to control the spread of COVID-19 among construction workers, amidst rising concerns that it could delay construction of many buildings, which will lead to an increased contraction of the real estate sector. Thailand’s real estate construction is worth an average of 1 trillion baht
Thailand’s household debt increased 3.9% to 14.02 trillion baht in the fourth quarter of last year, representing 89.3% of gross domestic product (GDP), said Mr. Danucha Pichayanan, secretary-general of the National Economic and Social Development Council, today. He noted that the increase, although at a slower rate, was in line with economic contraction and reflected
Thai Airways International (THAI)’s restructuring plan was approved by creditors yesterday (Wednesday), holding 91.56% of the carrier’s combined debts. The airline’s creditors, who met via video conference, after the postponement of the meeting on May 12th, also approved the appointment of five administrators, former THAI President Piyasvasti Amranand, Acting THAI President Chansin Treenuchagron, Pornchai Thiravet
E-commerce support, logistics and Fintech startups have the potential to expand to the regional level, said leading tech media “Techsauce” today (Thursday). “E-commerce in Thailand has been dominated by big players, but there is potential for startups, which have created platforms for E-commerce, while Fintech offers new ways of investing, such as in cryptocurrencies,” said
Thailand’s economic outlook is bleak, with the daily COVID-19 caseload hitting four figures following mid-April’s Songkran holiday. The economy shrank 2.6 percent year on year in the first quarter, according to the National Economic and Social Development Council (NESDC)’s quarterly report released on May 17. Thailand has now suffered economic contraction for five consecutive quarters
Thai politicians and academics are showing a growing interest in China’s experience in poverty reduction. Leaders of the ruling Palang Pracharath Party recently met with their Chinese Communist Party (CCP) counterparts to learn from China about how to reduce the poverty rate. Since the Thai military coup of 2014, the Thai junta and current Palang
