Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
Thailand’s Centre for COVID-19 Situation Administration (CCSA) has approved a new 45 billion baht stimulus package, for distribution to 15 million Thai adults to spend with independent vendors, small retailers, convenience stores and shopping malls. The 15 million people will each receive 3,000 baht, to be spent within three months to buy food or other
Thailand’s Department of Rail Transport has decided to ease social distancing measures, when travelling on all public rail transport systems, by allowing the occupancy of all seats, but passengers must wear face masks and refrain from talking to each other during the journey. The easing applies to train services operated by the State Railway of
Seven of Thailand’s domestic low-cost airlines have been promised a new lease of life, after Prime Minister Prayut Chan-o-cha agreed to help, starting with the injection of 24 billion baht in soft loans for the struggling aviation sector, hard hit by the COVID-19 pandemic. Representatives of Thai Air Asia, Thai Air Asia X, Thai
CHICAGO (Reuters) – American Airlines said on Tuesday its workforce will shrink by 40,000, including 19,000 involuntary cuts, in October as the COVID-19 pandemic continues to weigh on air travel, unless the government extends aid for airline employee payrolls. Airlines received $25 billion in U.S. government stimulus funds in March meant to cover payrolls
The COVID-19 pandemic has prompted more Thai people to put their savings in banks, increasing the number of bank depositors covered by the Deposit Protection Agency (DPA), for the first six months of this year, to 80.82 million, an increase of 1.1 million compared to the whole of last year and the highest in 12
The Thai cabinet today decided to retain the 7% value-added tax rate for all trade transactions, services and imports subject to VAT until the end of September next year. Finance Minister Pridi Daochai said today that the decision to extend the 7% rate is intended to ease the financial burden on the people in general
Compared to the same period last year, Thailand’s exports for the month of July dropped 11.37%, to US$18.8 billion, while imports fell 26.38%, to US$15.47 billion, according to Pimchanok Wornkhorporn, director of Trade Policy and Strategy Office at the Ministry of Commerce. Pimchanok, however, noted that the export figures for July, compared to June, which
The Cabinet approved the Finance Ministry’s proposal today to roll out about 114 billion baht in soft loans and credit guarantees, to help small and medium-sized enterprises (SMEs), as well as members of the public, to weather the current economic crisis. Mr. Lavaron Sangsnit, Director of the Fiscal Policy Office and spokesman for the Finance
Thailand’s household debt has increased to the highest level in four years, whereas the Gross Domestic Product (GDP) for the second quarter contracted 12.2%, prompting the Finance Ministry to forecast that the growth rate for the whole year will contract by 7.8-7.3%, instead of 5-6%, as previously predicted, due to impact of the COVID-19 pandemic.
A lawyer for some of Thai Airways International’s creditors has voiced reservations over the national flag carrier’s appointment of a company to administer its rehabilitation plan. The objection was raised against EY Corporate and Advisory Services, the proposed plan administrator, by an unnamed lawyer during the first hearing on THAI’s rehabilitation plan at the Central
Reminding Thai people of the current global economic crisis, one of the worst the world has faced and one which is likely to continue until the end of next year, Thailand’s Prime Minister Prayut Chan-o-cha announced today that the top priority for his administration is addressing the ailing Thai economy, in order to put Thailand
LONDON (Reuters) – The number of people in work in Britain has suffered the biggest drop since 2009 and signs are growing that the coronavirus will take a heavier toll on the labour market as the government winds down its huge job-protection scheme. Led by a record plunge in the self-employed, 220,000 fewer people
