Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
The employment rate in the non-farming sector, for the third quarter of this year, has fallen by 2.3% whereas, in the farming sector, it has fallen by 1.8%, according to the National Economic and Social Development Board (NESDB) NESDB Secretary-General Tossaporn Sirisamphan attributed the fall to natural problems, economic slowdown and shrinking exports. Production, wholesale
Once perceived as a mere recreational pastime, e-sports will be included in the multi-sport 30th SEA Games for the first time this year, reflecting growing popularity of e-sports which has become a lucrative business. Thai e-sports teams are now attending grueling training sessions to gear up for the SEA Games event, which will be held
A panel of nine Supreme Court judges today upheld the acquittal, delivered by the Supreme Court’s Criminal Division for Political Office Holders on fugitive former prime minister Thaksin Shinawatra, in connection with the rehabilitation plan for the financially-troubled Thai Petrochemical Industry (TPI) about 16 years ago. Thaksin was charged in absentia with malfeasance in office
The board of Metropolitan Rapid Transit, owner of MRT lines in Bangkok and its suburbs, has agreed to reduce fares for travel, during off-peak hours and on public holidays, on the Blue and Purple lines for a three-month promotional period starting on Christmas Day, December 25th. Mr. Saravuth Songsirilai, director-general of the Highways Department and
The third phase of the “Chim-Shop-Chai” (Eat-Shop-Spend) program has a special quota of 500,000 reserved for elderly people, in addition to the already fully subscribed quota for 1.5 million for people of all ages. Mr. Lawan Saengsanit, director of the Fiscal Policy Office, said today that the Finance Ministry has not set a time frame,
Most respondents to an opinion poll have high expectations that Prime Minister Prayut Chan-o-cha will take relief measures to address the high cost of living, which ranks top of the five economic problems of most concern to Thai people, according to a Suan Dusit Poll by Suan Dusit University. 47.90% of the respondents named the
Chinese shoppers set new records for spending during the annual “Singles’ Day” buying spree despite an economic slowdown and worries over the US trade war, with state media calling it a sign of China’s rising economic strength. E-commerce giant Alibaba said consumers spent $38.3 billion on its platforms on Monday during the world’s biggest 24-hour
Thailand’s household economic condition index (ECI) for the third quarter of this year is likely to drop further due to an ongoing global economic slowdown, which has impacted the domestic economy and employment, according to the Kasikorn Thai research centre. The report said that a survey of economic conditions in October showed signs of increased
The Fiscal Policy Office of the Bank of Thailand voted 5:2 on Tuesday to slash the benchmark policy rate by 25 points to 1.25% with immediate effect in a bid to boost the slowing Thai economy. Fiscal Policy Office secretary, Mr. Tittanan Mallikamat, said today (Wednesday) that the fiscal policy committee decided on the cut
A day after opting out of the Regional Comprehensive Economic Partnership (RCEP), the Indian government said on Tuesday is was exploring a trade agreement with the US, according to the Times of India. It quoted sources as describing the move as a “strategic shift” by the Modi government. “At present, India is exploring trade
Thailand’s Revenue Department is employing a ‘carrot and stick’ approach to persuade about three million income-earners and about 140,000 entrepreneurs, who have never paid income taxes, to pay up. Revenue Department director-general Ekniti Nititanprapat told a meeting of senior revenue officials today that the department has set a target of tax collection for next year
The United States has agreed to consider Thailand’s request for a review of the suspension of trade preferences for Thai exports, under the Generalized System of Preferences (GSP) program, in order to mitigate the impacts on the Thai private sector. The US move was conveyed to Prime Minister Prayut Chan-o-cha by US National Security advisor
