Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
The cabinet is to consider four measures, proposed by the Energy Ministry, to help low-income earners, small and medium-sized enterprises weather economic hardship, weighed down by COVID-19. Endorsed by the Energy Policy Management Committee, the four measures include a 3,000 baht refund to each household which paid the 3,000 baht insurance fee for installation of
Thailand’s economic ministers approved the Finance Ministry’s economic stimulus package today. The measures include a 1,000 baht cash handout for two consecutive months, to be wired directly into the bank accounts of low-income earners, farmers and independent professionals. Finance Minister Uttama Savanayana said that the exact number of people eligible to receive the handout is
The Internal Trade Department’s mobile retail outlets, offering face masks at bargain prices, were overwhelmed with customers who formed long lines at each of the 21 locations in Bangkok where the mobile outlets were set up. Many of them queued patiently for their turn to snap a single pack of four masks at 10 baht
The OPEC club of oil-producing countries meets Thursday in Vienna as they weigh how to react to a sharp drop in global oil demand due to the outbreak of the new coronavirus. The extraordinary two-day meeting will see OPEC, led by Saudi Arabia, and its allies in the so-called OPEC+ group — foremost among them
Thailand’s Finance Ministry will adjust the country’s growth rate projection for 2020 in April in the wake of several negative factors, including COVID-19 outbreaks in several countries, which have started to affect the country’s tourism sector. Wutthipong Chittangsakul, deputy director of the Fiscal Policy Office of the Finance Ministry, admitted today that it was highly
Thailand’s telecom regulator, the National Broadcasting and Telecommunications Commission (NBTC), raked in over 100 billion baht from its auctions today of 48 licenses for 5G frequencies in the 700MHz, 2600MHz and 26GHz bands. Advance Info Service (AIS), through its subsidiary Advanced Wireless Network, True Move H Universal Communication and CST Telecom all took part in
The current coronavirus outbreak which has claimed more than 1,300 lives in China so far has certainly diverted attention from what Beijing wants the world to appreciate – the advances in technology and science the country is making making. Gone are the days that China tried to hide its strength or bide its time –
BANGKOK (AP) — Central banks in the Philippines and Thailand have cut their benchmark interest rates as China’s neighbors seek ways to soften the impact of measures to contain a virus outbreak that has killed more than 560 people. The Philippine central bank cut its main policy rate on Thursday by 0.25 percentage point
CANBERRA, Australia (AP) — British Foreign Secretary Dominic Raab made his first overseas trip since Brexit on Thursday to faraway Australia, where he reaffirmed Britain’s desire for a free trade deal and gave assurances that the countries’ differing views on Chinese tech giant Huawei would not stand in the way of closer relations. Raab’s
The Monetary Policy Committee of the Bank of Thailand has voted unanimously to cut the policy rate by 25 basis points to 1%, which is the lowest in 20 years. The move is aimed at curbing impacts on the country’s economy from the novel coronavirus outbreak in China, a severe drought and the delay in
About 500 employees of a company in Thailand’s western province of Kanchanaburi were abruptly notified by the management on Friday that they are being laid off, due to a shortage of raw materials normally imported from China. The employees, including Thais, Filipinos and those from Myanmar, arrived at the Zica New Materials Company in
Though a drastic drop in Chinese tourists to Thailand as a result of the coronavirus outbreak means a fall in tourism revenue, long-term relationship between Thailand and China is more important, said the vice president of the Thai-Chinese Tourism Alliance Association (TCTA). “We have to admit that there has been a huge impact on Thailand’s
