Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
The Thai Government is set to roll out a new economic stimulus package, including another phase of the Chim-Shop-Chai (Eat-Shop-Spend) program, to stimulate domestic spending and investment by businesses in a slowing economy, which is being hampered by a reduction in tourist arrivals as a result of the coronavirus outbreak in China. The Fiscal Policy
The Industrial confidence index for December 2019 dropped to 91.7, from 92.3 the previous month, due to industrial operators’ concerns over domestic purchasing power and this year’s drought, which is more severe than in recent years and is expected to cause extensive damage to crops and affect farmers’ incomes. Mr. Suphan Mongkolsuthee, president of
BEIJING (Reuters) – China reported four more cases of pneumonia believed to be caused by a new coronavirus strain, causing rising concern globally that a disease health officials do not yet fully understand could spread during a key holiday period. The new virus, which was discovered in the central Chinese city of Wuhan, belongs in
Suwit Traichok, a 60-year-old melon producer, was the pioneer of Thailand’s young smart farmers. Despite having a promising career and a decent salary in a well-established organization, Thai Airways International, he quit the job and moved to his hometown, in Ayutthaya province, to pursue his dream job in agriculture. He started his pilot project on
Thailand’s Ministry of Energy has opened a ‘war room’ ahead of any escalation in tensions between the US and Iran, which may impact Thailand’s oil imports from the Middle East. Energy Minister Sontirat Sontijirawong assured today that the ministry is capable of managing oil security by sourcing oil supplies on continued basis to meet demand
Investors are buying gold in short-term speculation that gold prices will rise further, due to the escalation of tensions between Iran and the United States, following the killing of General Qassem Soleimani, Iran’s commander of the elite Quds force, in a drone attack at Baghdad airport. Gold shops in Bangkok’s Chinatown were reported to be
The Office of Trade Policy and Strategy is will propose, to the Joint Public-Private Sectors Committee in mid-January, export value targets for this year in order to achieve the economic growth rate projection of at least 2.8% for 2020. The office’s director-general, Ms. Pimchanok Vonkorpon, said yesterday (Monday) that the office would recommend which Thai products should
The Bank of Thailand has played down the steady appreciation of the Thai baht currency, which strengthened to under ฿30 against the US greenback on Monday. Mr. Methi Supapong, the central bank’s deputy governor for monetary stability, said today that the baht, which closed at 29.88 against the US dollar on Monday, was due to
Many people think that Halal are Islamic requirements related to food, but Halal covers much more than that. Halal products are in very high demand worldwide, including cosmetics, pharmaceuticals, and even media, banking and clothing. Thai PBS World spoke with the Founding Director of the Halal Science Centre at Chulalongkorn University, Associate Professor Dr.
Thailand’s economy is likely to increase around 2.7-3.0 percent, according to the predictions by several economic institutions. The limited expansion is a result of negative effect from the weaker global economic performance, rising household debts and tech disruption that leads to less demand for manual workers. The World Bank projected Thailand’s growth in 2020 at
Once dubbed as a sleeping partner, Thai commercial banks are set to experience numerous challenges next year. Apart from the slower economy, an entry of digital technology has prompted Thai banks to further remodel their business in line with the evolution in the financial service system. Next year could be tough for commercial banks to
The final curtain will come down on Ploen Wan, one of Hua Hin’s most popular tourist attractions, at the end of this January due to financial difficulties. Tenants of the 50s-era shopping village, located on Petkasem Road and close to the Klaikangwon Palace, have been notified of the closure, scheduled for January 31st, 2020. All tenants
