Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
The Airlines Association of Thailand (AAT) today called on the government to speed up the injection of funding, in the form of soft loans, to seven Thai airlines and to arrange for a special quota of Covid-19 vaccines for their frontline staff. Representatives of the seven airlines, the founding members of AAT, namely Bangkok Airways,
Dissatisfaction with politics may be the main reason Thais are joining the campaign to “migrate to another country”, but dismay at Thailand’s economy can’t be far behind. Under the impact of COVID-19 the economy shrank 6.1 per cent last year, with predictions for this year now sinking below 2 per cent growth amid a surge
The unprecedented task of pulling Thailand out of its COVID-induced economic crisis rests on the shoulders of just three men. And there are signs that Prime Minister Prayut Chan-o-cha, his deputy and Energy Minister Supattanapong Punmeechaow, and Finance Minister Arkhom Termpittayapaisith are feeling the pressure of their huge burden. Supattanapong recently urged consumers to draw
The combination of a new wave of COVID-19 and delayed vaccination is set to wreak more damage on Thailand’s economy, with people’s incomes falling further and business risks rising. Slow vaccination progress coupled with a surge of infections has prompted Kasikorn Research Centre to lower its growth projection for the Thai economy this year from
Thailand’s economic growth rate projection for this year is expected to shrink from to 1.6%, from 2.8%, due to the third wave of the COVID-19 pandemic, according to the latest forecast by the Economic and Business Forecast Centre of the Thai Chamber of Commerce University. The report says that many more people have been infected
The Thai cabinet, today (Tuesday), approved the Finance Ministry’s proposal to extend the “Rao Chana” economic stimulus scheme until end of June for 33.5 million Thais, including 2.4 million new recipients, to support them during the third wave of the COVID-19 pandemic. Under the scheme, each of the 33.5 million recipients will have 7,000 baht
Canada’s finance minister announced Can$101.4 billion (US$80.9 billion) in spending to help its battered economy recover from the pandemic and set a greener course with a new climate target. The measures in the government’s first full fiscal plan in two years are to be rolled out over the coming years. “This budget is about finishing
About six million Thais have been rendered jobless, since the COVID-19 pandemic struck Thailand early last year, and 1.3 million university and college graduates are unlikely to find jobs or have opportunities to develop their capabilities, according to Khempetch Lenaphan of Thai Health Promotion Foundation (ThaiHealth) on Friday. Citing a survey of people affected by
Thailand’s new wave of COVID-19 infections has raised the economic risk level, but a clear picture of the impact will only emerge after the Songkran break. The Thai economy contracted 6.1 per cent amid the first wave last year, and following the second wave in December and third wave just last week, many people are
2020 has been an unprecedented year for every industry around the world, with over-stressed health systems and heighten economic stress, which makes the hiring market challenging, including in Thailand. The first quarter of this year started well, according to Robert Walters Thailand, a global recruitment specialist group. Though 2020 was difficult for many, Thailand saw
The Thai justice system has been hit by a fresh scandal following allegations that bribes were paid to judges for a court ruling in favour of Toyota Motor Thailand Co in a legal case involving Bt11 billion in import tax and excise duties. US authorities are investigating possible violations of American anti-bribery laws involving Toyota Motor
COVID-19 has dealt a double blow to Thailand’s finances, reducing tax revenue while increasing the amount of money the government must spend to keep the economy afloat. The Cabinet recently called on the Finance Ministry to study how tax revenue can be boosted, leading to speculation that value-added tax (VAT) may be hiked in the
