Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
Predee Daochai is taking on what is probably the most unenviable task — steering Thailand out of its worst economic crisis in modern history. By accepting Prime Minister Prayut Chan-o-cha’s offer to take the helm as new finance minister, Predee sacrificed the huge rewards he earned while serving as co-president of Kasikornbank (KBank) –
Twitter is in preliminary discussions for a possible combination with TikTok, the Wall Street Journal reported Saturday, after US President Donald Trump said he would ban the app, calling it a threat to national security. Trump declared Thursday that the popular Chinese video app TikTok and social network WeChat “threaten the national security, foreign policy, and
The Bank of Thailand (BOT) has ordered commercial banks and financial institutions to cut the higher interest rates, charged to customers with credit card balances and personal loans, by 2-4%, effective today (Saturday), in an effort to help ease the burden on small debtors affected by COVID-19 pandemic. The central bank cited the fact that
SEOUL (Reuters) – Samsung Electronics Co will halt operations of its last computer factory in China, the South Korean tech giant said on Saturday, the latest manufacturer to shift production from the world’s second-biggest economy. Companies are rethinking their production and supply chains amid rising Chinese labour costs, a U.S.-China trade war and the blow
Nok Air chairman Prasert Boonsamphan has assured that the Thai airline is determined to carry on operating, after the Central Bankruptcy Court accepted the company’s business rehabilitation plan yesterday. He told the media today that the filing of the plan is the best way for the company to resolve its liquidity problem, under the supervision
LONDON (AP) — A technology research firm says Huawei has overtaken Samsung to become the world’s biggest smartphone seller, as its home market in China emerged from the coronavirus pandemic better off than other economies. Analysts at Canalys said Thursday that Huawei shipped 55.8 million devices in the second quarter of 2020. While the figure
CANBERRA, Australia (AP) — The Australian government said on Friday it plans to give Google and Facebook three months to negotiate with Australian media businesses fair pay for news content. The government has released a draft mandatory code of conduct that aims to succeed where other countries have failed in making the global digital giants
Former Thai Prime Minister Thaksin Shinawatra has been sentenced to five years in prison after being found guilty, by the Supreme Court’s Criminal Division for Holders of Political Posts, for illegally owning shares in phone companies with Government concessions and for conflict of interest by changing concession fees and excise taxes to benefit his family-owned
The Tourism Authority of Thailand (TAT) will seek Cabinet approval for its plan to boost domestic tourism by targeting affluent Thais, who can afford overseas trips, adding that between 12 and 13 million Thais travelled abroad last year, spending an estimated 400 billion baht, according to the authority’s Governor, Mr. Governor Yutthasak Supasorn today. The
The Cabinet today approved the nomination of Sethaput Suthiwart-Narueput as the new Governor of the Bank of Thailand, succeeding Dr.Veerathai Santipraphob, whose five-year term will expire on September 30th. Sethaput, a member of the Bank of Thailand’s Monetary Policy Committee, was chosen from six candidates by the selection committee, headed by Rangson Sriworasat, former finance
Thailand’s Interior Ministry has about 30,000 job offers for rural inhabitants, to boost household consumption and to take care of elderly people who cannot help themselves. The employment opportunities are part of two projects, initiated by the Interior Ministry and approved by the Cabinet. The first, to be funded with 1.08 billion baht, will create
A Constitutional Court judge has urged Thailand’s Prime Minister Prayut Chan-o-cha to investigate alleged mishandling, by the police and the public prosecutors, of the Red Bull heir hit and run case, warning that Thailand’s justice system has been rendered meaningless, after the prosecutors’ decision to drop the charges against the suspect and the police’s failure
