Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
It is estimated that 6.69 million foreign travellers visited Thailand in 2020, an 83% decrease from 2019. The visitors generated revenue of around 300 billion baht, an 80% decrease from the previous year. The tourism confidence index for the first quarter of 2021 is forecast to be 53, compared to 62 in Q4 2020, which
Asian markets sank into the red Tuesday following the previous day’s healthy run-up, with sentiment jolted by the prospect that Joe Biden’s huge stimulus could be watered down and not even be passed for several weeks. Investors have been on a buying spree since November, when Biden won the presidency and vaccinations began to be
Restrictions imposed in the eight eastern provinces of Thailand since mid-December, to prevent the spread of COVID-19, are expected to be eased as the situation there gradually improves. Deputy Public Health Minister, Satit Pitutacha, held a meeting on Saturday with governors, and the provincial health chiefs of Chon Buri, Rayong, Chanthaburi, Trat, Sa Kaeo, Prachin
Business and government leaders currently see the loss of life from Covid-19 and related economic effects as the world’s greatest short-term threats, said the World Economic Forum. The group which organises an annual get together of leading industrial and political voices at the Swiss Alpine resort of Davos carries out a survey of its members
Most markets fell Monday as investors took a breather following a recent rally, though Hong Kong and Shanghai enjoyed gains after data showed China’s economy grew more than expected last year. While broadly welcomed on trading floors, Joe Biden’s $1.9 trillion stimulus proposal was unable to fuel fresh gains with the spending spree largely factored
Thailand’s opposition Pheu Thai Party has voiced disagreement with the government’s plan to provide cash giveaways of 3,500 baht a month for two months to people affected by COVID-19, noting that the amount promised is insufficient to help ease their economic hardship. The Finance Ministry will propose a cash support plan, named Rao Chana (We
Global stocks were mixed Wednesday after Wall Street rebounded, shrugging off uncertainty about a possible new attempt to impeach President Donald Trump over last week’s attack on the U.S. Capitol. London and Frankfurt opened little-changed. Tokyo, Sydney and Seoul advanced. Shanghai and Hong Kong declined. U.S. futures gained after Wall Street’s benchmark S&P 500 index
Thailand’s cabinet has resolved to launch a set of urgent relief measures, to help the public and SMEs, by boosting liquidity, increasing benefits for the unemployed and reducing the cost of living by lowering electricity and water bills in February and March. Households using fewer than 150 units of electricity will not be charged for
China’s custom authorities are imposing more stringent COVID-19 testing measures on imports, and there has been a big impact on Thai produce as some Chinese companies have not yet placed their usual orders, which are around one million ton, for shipment next month. China’s produce imports are facing delays, as customs authorities at ports across
Thailand’s Tourism Council is calling for the government to help revive the industry urgently, grant long-term debt moratoria, and cut power bills for a year. Vice president of the council, Chamnan Srisawat said that they are to propose that the government ease their financial stress, minimize their expenditure, train workers new skills and seek more
People who missed out on the second phase of the 50:50 co-payment scheme, due to technical problems, can register again this week, said Kulaya Tantitemit, spokesperson for the Finance Ministry on Sunday. She said officials at the ministry and at the state-owned Krung Thai Bank have been working together to make sure that the registration
Many British businesses are swiftly discovering that they must now pay duties on exports bound for the European Union, despite the breakthrough Brexit free trade deal clinched over Christmas. The development, which has already helped spark sliding freight traffic to Ireland, is part of trade disruption that has become increasingly evident this year after Britain’s
