Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
The Thai private sector has voiced strong support for the government’s 400-billion-baht loan decree, saying it is necessary to boost the Thai economy amid the global oil crisis and economic volatility caused by the ongoing armed conflicts in the Middle East.
The Thai Garment Manufacturers’ Association (TGMA) has partnered with the Department of Labour Protection and Welfare (DLPW) to implement enhanced Good Labour Practices (GLP+), aiming to purge the industry of forced labour and secure removal from US trade watch lists.
The Board of Investment of Thailand (BOI) has approved six new domestic projects proposed by foreign investors, with a combined value of nearly a trillion baht.
Prime Minister Anutin Charnvirakul announced yesterday that he has officially signed a draft emergency decree authorising the Ministry of Finance to borrow 400 billion baht to address energy crises and fund the country’s energy transition.
The Bank of Thailand (BOT) has revised its economic growth forecast for the year upward to 2.1%, citing the potentially positive impact of the government’s 400-billion-baht loan decree, while dismissing concerns that the country is entering a period of stagflation.
The Department of Internal Trade (DIT) has launched proactive measures in the northern provinces of Lamphun and Chiang Mai to manage the seasonal influx of mangoes and longans, aiming to prevent oversupply and maintain price stability.
Driven by oil and food price increases, Thailand’s inflation rate for the month of April increased by 2.89% compared to the same period last year, according to Nantapong Chiralerspong, director general of the Trade Policy and Strategy Office (TPSO).
Thai economists are expressing concern that the government’s much-touted-but-stalled land bridge project will neither be a success nor boost the economy as they hope. Some suggest that the Thai government should first revive existing economic projects left unfinished.
Prime Minister Anutin Charnvirakul has stressed the urgent need for the government to secure a 400 billion baht in loan to prevent the national economy entering stagflation in the wake of the global oil crisis, triggered by the war in the Middle East.
Transport Minister Phiphat Ratchakitprakarn has cancelled his planned trip, scheduled for May 8, to inspect proposed sites for the land bridge mega project, after Prime Minister Anutin Charnvirakul ordered a new feasibility study of the project to be completed in 90 days.
The Cabinet is expected to deliberate over a 400-billion-baht emergency loan decree today, aimed at cushioning the Thai economy against the escalating conflict in the Middle East, according to Prime Minister Anutin Charnvirakul.
The Monetary Policy Committee (MPC) of the Bank of Thailand voted unanimously today to maintain the benchmark policy rate at 1%, the lowest level since late 2022.
