Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
Thailand’s second COVID-19 outbreak, which originated in the coastal province of Samut Sakhon on December 19th, may cause economic damage estimated at about 45 billion baht in just one month, according to a COVID-19 impact assessment by the Kasikornthai Research Centre (KRC). The estimate is based on the assumption that the second outbreak does not
Thailand’s former finance minister Korn Chatikavanij has urged the government to make quick use of all available resources, particularly the 600 billion baht residue of two loans, to ease the sufferings of people and businesses affected by the second wave of the COVID-19 pandemic. “We must do everything, use all the resources available so that
Thailand is expected to lose about 5.85 billion baht in anticipated revenue during the New Year holidays due to the new outbreak of Covid-19. However, the government has come up with yet another stimulus campaign by offering a series of long weekends next year in a bid to stimulate local economies. The Thai Cabinet has
Whether in Paris, Kuala Lumpur or California, gig economy workers fear they can no longer survive on meagre earnings from jobs that leave them increasingly vulnerable. The term “gig” stretches back a century to jazz musicians who used it to refer to a one-off show but now the “gig economy” involves millions of people in
Asian markets mostly rose Tuesday following a record-breaking lead from Wall Street, as investors cheered the passage of a huge US stimulus bill which has helped temper fears about surging coronavirus infections. With President Donald Trump finally signing off on the $900 billion rescue package and a post-Brexit trade deal now agreed, the mood on
The pandemic has disrupted the way we shop. Little wonder then that retailers and shoppers are adapting to the new world of click and buy Time flies. It’s already December – traditionally the best time for shoppers to spend, spend, and spend and for retailers and brands to make the most of this busiest time
The private sector in Thailand is concerned that the current political conflict, if it turns violent, may impact the confidence of foreign and local investors and consumers and would like to see both the government and the protest leaders resolve their conflict through negotiation. The concern was expressed by Mr. Kalin Sarasin, president of the
A new e-business tax bill, which has been approved by the House scrutiny committee, will be forwarded to the Senate next week for consideration. Under the bill, foreign-based online platform operators, who generate income of more than 1.8 million baht in Thailand, will be required to register for VAT and will be subject to 7%
Thai Airways International is to auction off many in-flight items, stored in its warehouses, and lease its three office buildings to generate badly-needed revenue while the airline is unable to operate fully due to COVID-19 lockdown restrictions. THAI Acting President Chansin Treenuchagron said today that, while the rehabilitation plan for the financially-strapped national flag carrier
Financially-strapped Thai Airways International is to auction off 34 aircraft, with an average age of about 20 years, to anyone who is interested. The aircraft include the Airbus A340-500 and A340-600, which were bought during the tenure of former Prime Minister Thaksin Shinawatra for service on the non-stop route between Thailand and the United States,
Thai Airways International is planning a special flight for people to make merit at numerous temples on November 30th, without actually visiting the temples, in an attempt to boost tourism. Mr. Vivat Piyaviroj, Vice President for the airline’s commercial operations, said that the special flight will fly over 99 sacred venues in 31 provinces in
The State Railways of Thailand (SRT) signed a 50-billion baht contract, with China Railway International Company Limited, today for the installation of rail, electrical systems and procurement of train carriages for the Thai-Chinese high-speed train (HST) project linking Bangkok with Thailand’s northeastern province of Nong Khai. The project is part of China’s Belt and Road
