Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
Prapas Thongsuk was desperate to hug his daughter when she landed at Suvarnabhumi Airport late on Friday, but all he could do was sigh with relief to see his daughter return – before they were parted again. Sixteen-year-old Nong Pear was forced to fly home early from her year-long course in Hamburg, Germany, where
Thailand’s norther city of Chiang Mai is to impose strict measures to limit gatherings of people in venues deemed at high risk of enabling the further spread of COVID-19. From 6pm on Monday until, initially, April 13th, the anti-contagion measures, which are similar to those imposed today in Bangkok and five of its neighbouring provinces,
Bangkok’s five neighbouring provinces of Nonthaburi, Nakhon Pathom, Pathum Thani, Samut Prakan and Samut Sakhon have imposed drastic measures to deal with the coronavirus pandemic by closing a range of retail business, effective as of today. The measures, to take effect until April 12, are similar to those the Bangkok Metropolitan Administration (BMA) has imposed
It’s a Sunday like no other Sundays for Bangkok, usually one of the busiest cities in the world. As the new series of measures designed to combat the ravaging coronavirus began to take effect today, its residents’ normal life has come to a halt. The streets were deserted and the normally vibrant shopping centres were
Thai Lion Air has notified the Civil Aviation Authority of Thailand that it will temporarily suspend operations, for both domestic and international flights, effective March 25th, until the COVID-19 outbreak situation eases off or May 1st, whichever is the later. In a letter to CAAT director Mr. Chula Sukmanop, Thai Lion Air CEO Aswin Yongkiratikorn
Former Deputy Commerce minister Banyin Tangpakorn was sentenced to eight years in prison on Friday, after the Bangkok South Criminal Court found him guilty of falsifying documents and using them in the transfer of about 300 million baht in shares from a property developer to him and his two accomplices, Ms. Kanthana “Namtarn” and Ms.
Thailand’s Prime Minister Prayut Chan-o-cha said today that his government is ready to close the country’s borders to all foreign arrivals, if the COVID-19 pandemic worsens to Stage 3. The Prime Minister visited the command centre managing the COVID-19 situation today, to monitor operations and to get updates on the virus situation. The centre is
Prime Minister Prayut Chan-ocha has appealed to the public to unite and join the Government in its attempts to overcome the scourges of COVID-19, drought and slowing economy. In his statement to the people on Friday, the Prime Minister said some of the measures, adopted by the Government to cope with the threat of the
NEW YORK (AP) — The escalating coronavirus emergency sent the stock market Thursday into its worst slide since the Black Monday crash of 1987, extending a sell-off that has now wiped out most of Wall Street’s big gains since President Donald Trump took office. The S&P 500 plummeted 9.5%, for a total drop of 26.7%
The public prosecutors have agreed not to appeal the verdict of the Appeals Court against construction tycoon Premchai Karnasuta, in connection with the illegal hunting of a black leopard and other protected wildlife in Thung Yai Naresuan wildlife sanctuary in Thailand’s western province of Kanchanaburi in February 2018. The illegal hunting scandal sparked public uproar
Public concern over COVID-19 is expected to slash the revenues of the restaurant sector this year by 25.6-36.5 billion baht to between 402 and 412 billion baht, according to Kasikorn Research Centre. The research centre says that the public’s fear of COVID-19 is impacting many industries, including the restaurant trade, many foreign tourists have cancelled
TISCO’s Centre of Economic and Strategic Analysis has slashed Thailand’s GDP projection for this year from 1.7% to 0.8% – the lowest since 2009. The Centre’s economic research chief, Mr. Thammarat Kittisiripat, said today that the anticipated sharp drop in tourism revenue, coupled with the resulting impacts on production, from the closure of several cities
