Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
Thailand’s Finance Ministry has introduced tax measures to help cushion the serious economic impacts of COVID-19 on businesses and employment. The Finance Ministry’s spokesman, Mr. Thanakorn Wangboonkongchana, said today that, in Thailand, many businesses in the export, industrial and tourism sectors are being forced to close, leaving millions of employees redundant. To help them retain
Thailand’s Foreign Trade Department officials will meet with representatives of coconut product manufacturers, at the Ministry of Commerce on Wednesday, to discuss the impacts of a ban on their products by some supermarkets in the UK and how to resolve the problem. Commerce Minister Jurin Laksanavisit claimed today that production of coconut products no longer
The Thai Commerce Ministry will invite members of the foreign diplomatic corps to observe the harvesting of coconuts by pigtailed macaque monkeys, in an effort to prove that the process does not involve cruelty to animals, as alleged by animal rights group PETA. Commerce Permanent Secretary Mr. Boonyarith Kalayanamit says that he wants to show
Thailand’s Finance Ministry is considering extending the Thiew Pan Sook (Happiness Sharing Tour) program to cover community and agriculture based tourism, while providing tourism operators and airlines with access to soft loans. Deputy Prime Minister Somkid Jatusripitak stressed the need for the Government use additional measures to spur the slowing domestic economy, in wake of
Confidence among Thailand’s tourism business operators fell to the lowest level in a decade during the second quarter of 2020, with about 2.6 million workers already out of work and about another 100,000 expected to be laid off in the third quarter of this year, as a result of the COVID-19 pandemic, according to Mr.
International air services in and out of Thailand will resume on Wednesday July 1st, after the Civil Aviation Authority of Thailand decided to allow six groups of foreigners and citizens from Japan, South Korea, Singapore, China and Hong Kong access to the country. From July 1st, the following will be allowed to travel to and
TOKYO (Reuters) – Retail sales in Japan tumbled at a double-digit pace for the second straight month in May as the coronavirus pandemic and lockdown measures delivered a heavy blow to consumer confidence and economic recovery prospects. The sustained downturn in demand raises risks that the world’s third-largest economy could remain mired in recession longer
Thailand’s National Economic and Social Development Board (NESDB) has agreed the first 213 projects, out of about 46,000 proposed by government agencies and local administration organizations, to rehabilitate the economy and a society disrupted by the COVID-19 pandemic. NESDB Secretary-General, Professor Tossaporn Sirisamphan, told the media today that the chosen projects will use about
WELLINGTON, New Zealand (AP) — Qantas plans to cut at least 6,000 jobs and keep 15,000 more workers on extended furloughs as Australia’s largest airline tries to survive the coronavirus pandemic. Qantas announced a plan Thursday to reduce costs by billions of dollars and raise fresh capital. The plan includes grounding 100 planes for
Thailand’s low-cost airline, NokScoot, plans to take three aircraft out of service and reduce its staffing level at the end of this month, in a major reorganization caused by the COVID-19 pandemic. Majority-owned by Nok Air, which is affiliated with Thai Airways International, the company issued a statement today saying that the major restructuring is
Thailand’s National Communicable Diseases Committee has approved a proposed relaxation of travel restrictions, to allow certain foreigners, from countries deemed as low risk, such as New Zealand, Australia, Japan, Taiwan and some Chinese cities, to enter Thailand. Thailand’s Public Health Minister, Anutin Charnvirakul, who chaired the meeting today (Wednesday) said that, in the initial stage,
A detailed list of measures, which will potentially be applied to pubs, bars and karaoke bars, if they are allowed to resume business on July 1st, has been drawn up by the CCSA’s working committee tasked with easing lockdown restrictions. They include: • Control of the number of customers to prevent congestion and to enable
