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Economy

Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.

COVID-19 vaccines expected next year at about 620 baht per dose

The first anti-COVID-19 vaccines are expected to be available for use in humans next year, at an estimated cost of 620 baht per dose, said Dr. Siriroek Songsivilai, secretary-general of the National Vaccines Committee of the Ministry of Higher Education, Science, Research and Innovations, today (Saturday). He said that the estimated price is based on

25 Jul 2020

Court: Judge wrong to dismiss complaint against Facebook

CONCORD, N.H. (AP) — The New Hampshire Supreme Court ruled Friday that a judge was wrong to dismiss a cafe owner’s complaint against Facebook that said his social media account was shut down without warning. Emmett Soldati had marketed his Teatotaller cafe in Somersworth on Instagram, which is owned by Facebook. He has used the

25 Jul 2020

Vietnam bans wildlife imports, markets amid new health fears

HANOI, Vietnam (AP) — Vietnam announced Friday that it was banning wildlife imports and would close wildlife markets in response to renewed concerns about the threat from diseases that can jump from animals to humans, such as the virus that causes COVID-19. An order signed by Prime Minister Nguyen Xuan Phuc on Thursday bans all

25 Jul 2020

Thailand could fall to world’s third largest rice exporter this year

Thailand could drop to the world’s third largest rice exporter, after Vietnam and India, due to a prolonged drought, which has affected rice output, and the strength of the baht currency. Pol Lt Charoen Laothammatas, president of the Thai Rice Exporters Association, disclosed today (Wednesday) that, for the first half of this year, Thailand exported

22 Jul 2020

COVID-19 testing at Suvarnabhumi airport upgraded to increase efficiency

Thailand’s Disease Control Department (DCD) has upgraded its COVID-19 testing facility at Suvarnabhumi international airport, which is now capable of producing test results within 70 minutes. The DCD’s Director-General, Dr. Suwanchai Wattanayingcharoenchai, said today (Tuesday) that the Point of Care RT-PCR laboratory, which was put into service on July 1st to conduct tests on foreign

21 Jul 2020

Central bank governor says Thai economy does not need bailout from IMF

The Thai economy is strong enough and the country does not need to seek a financial bailout from the International Monetary Fund (IMF), although its GDP this year may be the lowest in the region, Bank of Thailand Governor Veerathai Santipraphob said at a seminar on Monday. In his address on the “Post-COVID Economic Direction”,

20 Jul 2020

China becomes first economy to grow since virus pandemic

BEIJING (AP) — China became the first major economy to grow since the start of the coronavirus pandemic, recording an unexpectedly strong 3.2% expansion in the latest quarter after anti-virus lockdowns were lifted and factories and stores reopened. Growth reported Thursday for the three months ending in June was a dramatic improvement over the

16 Jul 2020

Registration for “We Tour Together” promotion kicks off today

While Thailand remains closed to foreign tourists, as part of the anti-coronavirus restrictions, starting today (Wednesday), Thai citizens can apply online for significant discounts on air tickets, hotel accommodation and food bills. The project is part of the Government’s efforts to boost domestic tourism. Under the “We Tour Together” program, the tax payer will subsidize

15 Jul 2020

President Xi stresses economic cooperation with Thailand

Chinese President Xi Jinping on Tuesday stressed deepening economic and trade cooperation with Thailand and Singapore while continuing to jointly fight the pandemic with the two countries. CGTN of China reported that Xi made the remarks in his separate talks on the phone with Singapore’s Prime Minister Lee Hsien Loong and Thailand’s Prime Minister Prayut

14 Jul 2020

Rayong hotel closed for disinfection as PM apologizes for mishandling VIP arrivals

The hotel in Thailand’s eastern province of Rayong, where the Egyptian military mission stayed last week, has closed for at least 14 days from today (Tuesday) for a full cleansing and disinfection. Staff of the “D Varee Diva Central Hotel” stopped work to undergo COVID-19 testing and isolation for 14 days. Meanwhile, the management of

14 Jul 2020

Alibaba's Jack Ma sells $9.6 billion worth shares, stake dips to 4.8%

SHANGHAI (Reuters) – Alibaba Group Holding Ltd co-founder Jack Ma has cut his stake in the company over the past year to 4.8% from 6.4%, cashing out around $9.6 billion at its current share price, the firm’s annual filing released on Friday showed. The divestment comes as Ma retired as the Chinese e-commerce company’s executive

13 Jul 2020

Huge police presence in Songkhla’s Jana district ahead of public hearing

As many as 1,000 police officers, from seven of Thailand’s southern provinces, are to be deployed in Jana district of Songkhla province this Saturday, to maintain peace and order during a public hearing, to be held at Jana Wittaya School, on the Jana industrial estate project,. Police said that only stakeholders directly concerned with the

09 Jul 2020
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