Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
Nippon Steel Steel Processing (Thailand) Company, in Rayong province, has announced a temporary suspension of its operations starting November 9th, citing a steady drop in sales. The Thai affiliate of Japan’s Nippon Steel, sexplained that, as there are 24 working days in November, if all its employees work full-time, the company’s output of steel will
Thailand’s Department of Special Investigation (DSI) is considering whether to oppose a decision by the Office of the Prosecutors for Special Cases not to indict a real estate developer charged with money laundering. The developer, Mr. Anant Asavapokin, was charged by the DSI with money laundering relating to the purchase of a 2.76 hectare plot
Thailand’s Royal Forest Department is tightening controls on the trade in arum (Amorphophallus) roots and saplings after it was learned that some Chinese traders have stockpiled huge quantities to be sent to China for cultivation. The department’s director-general, Atthapol Charoenchansa, told Thai PBS today that he had called a meeting of officials to discuss the
Although the immediate impact from the US decision to suspend the Generalized System of Preferences (GSP) on Thai exports is limited, the prospects of Thailand’s outbound shipments to the US still face uncertainty due to the possibility of Washington’s additional trade measures amid the slowing economy worldwide especially in the US, the research houses predicted.
The prolonged trade war between the US and China has prompted a number of companies to move out of China to avoid the punitive tariffs and Vietnam has emerged as one of the biggest beneficiaries among Asean countries. In the first nine months of this year, Vietnam enjoyed an increase of over 60 percent in
Thailand is to ask the United States to reconsider removal of trade preferences for Thai exports under the Generalized System of Preferences, Commerce Minister Jurin Laksanavisit said today (Sunday). He said that, in the past, whenever trade benefits for Thai products exported to the US were suspended, Thailand appealed to the US adding, however, that
About 400 workers have been laid off, effective today (Friday), after the of SRF Industries (Thailand) Company’s tyre canvas production plant, in the Map Taput industrial estate in Thailand’s eastern province of Rayong, closed down due to operating losses accrued during the current economic slowdown. The workers were notified of the impending retrenchments on September
HONG KONG/LONDON (Reuters) – HSBC Holdings Plc (HSBA.L) and Standard Chartered Plc (STAN.L) are set to show early signs of strain from anti-government protests in Hong Kong, the single-biggest profit center for the two banks, when they report quarterly earnings next week. Five months of political turmoil in the Chinese-ruled territory are set to
While the other economic engines are losing steam, the government hopes to use the tourism sector to boost the country’s economic growth. Recently, the government announced additional measures to promote hospitality business which is the top-earning service sector. The measures include the “Visit Thailand with Bt100” and “Shocking Price Weekday Travel”. The government hopes that,
Prime Minister Prayut Chan-o-cha will, this afternoon, preside over the signing of a public-private-partnership (PPP) contract between the State Railway of Thailand (SRT) and the Charoen Pokphand Group-led consortium for the development of the 224 billion baht high-speed train project, linking Don Muang and Suvarnabhumi international airports in Bangkok with U-Tapao airport in Rayong. He
Phase 2 of the Government’s “Chim-Shop-Chai” (Eat, Shop, Spend) scheme attracted a massive response when it was launched this morning at 6am, with its quota of 500,000 subscribers being achieved in just one hour and 18 minutes. The number of subscribers is limited to one million per day and registration will be open for just
Nowadays, e-commerce presents a tremendous opportunity for aspiring entrepreneurs as they don’t have to invest a lot of money setting up a store or paying expensive rental fee. Technology disruption has turned many young people into a millionaire by building their business at their parents’ garage, with a little help of social media platforms and
