Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
Thai Airways International president Sumeth Damronchaitham has admitted, for the first time, that the national flag carrier is in deep financial crisis, to the extent that it may have to fold unless all staff members unite to work harder. He also said that there may still be time, albeit not much, to save the company
China’s economy expanded at its slowest rate in nearly three decades during the third quarter as it was hit by the long-running US trade war and cooling domestic demand, data showed Friday, with an official warning of “mounting downward pressure”. With China a key driver of global growth, the soft reading added to concerns
WASHINGTON (AP) — President Donald Trump offered an upbeat assessment of U.S.-China trade talks and said he would meet at the White House on Friday with the leader of the Chinese negotiating team. Expectations were low that the negotiations would do much to resolve a 15-month trade battle that is weighing on the global economy. But
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) agreed today to lower down the economic growth projection (GDP) to 2.7-3% from 2.9-3.3% due to weakening economic growth during the first three quarters of the year. The global economic slowdown, as a result of trade tensions between China and the United States, compounded by
Bangkok, like other major cities around the world, is getting bigger, in terms of population. Bangkok has the highest population density in Thailand, with approximately 5.6 million people residing in the city and, by 2030, Bangkok’s already crowded population is expected to increase to 11 million. The Thai government has attempted to tackle the housing
The escalation of the US-China trade war has prompted Chinese and Hong Kong investors to move to Thailand. In the first half of this year, they altogether sought approvals for 112 investment projects worth USD1.038 billion from the Office of the Board of Investment (BOI). Their applications mark a jump of 170 percent compared to
Bangkokians are expected to spend around Bt4.76 billion during the annual vegetarian festival this year. Although the figure is up 2.4 percent from last year, the growth is weaker than that of last year because slowing economy prompts people to curb their spending this year, according to a survey by Kasikorn Research Center. At any
Thais don’t only rely on charts and grafts when it comes to financial decisions, but also lucky charm or superstitious objects to encourage them to take risks. Of course, superstitious beliefs exist in every part of the world. However, Thais have a tendency to demonstrate superstitious practices than others, according to the findings of a
The falling Thai exports will hurt low-income workers the most as manufacturers are expected to hire less and cut overtime employment, affecting the purchasing power of these grassroot segment. The latest report from Krungsri Research Intelligence said although companies directly affected by a fall in Thai exports are multinational companies, the local workers and Thai
Thailand is aiming to become a country with high average income in the next 17 years, Prime Minister Prayut Chan-o-cha told his audience at a hotel in New York yesterday. In his address to a lunch meeting, hosted by the Asia Society for Executives and foreign media, the Prime Minister said that, during the past
The Bank of Thailand has slashed the country’s economic growth projection for this year to 2.8% from 3.3% and the projection for next year from 3.7 % to 3.3%. The Monetary Policy Committee of the central bank, meanwhile, unanimously agreed today (Wednesday) to retain the policy interest rate at 1.5%. Mr. Thitanan, secretary of the
Finance Ministry boasts positive feedback of “Eat, Shop, Spend” handout program or Bt1,000 cash giveaway, saying that more than 1 million people have signed up to participate in the program on the first day that the government accepts the online registration. Finance Minister Uttama Savanayana said the registration result on September 23 was better
