Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
The Libra project has shaken the global financial scene since Facebook, with a group of founding members, announced the proposed cryptocurrency last month. The plan to launch a new currency next year is ambitious and controversial, as Libra is scrutinized by central banks around the globe, including the US Federal Reserve. The cryptocurrency concept is
The Bank of Thailand is concerned about the rapid appreciation of the baht currency and has taken measures to curb speculative hot-money inflows, Assistant Governor Vachira Arromdee said today (Friday). Effective July 22nd, limits on the outstanding balance of non-resident baht accounts (NRBA) and the non-resident baht accounts for securities (NRBS), which are opened with
The confidence index of real estate developers for the second quarter of this year has dropped to 42.2 points from 50.4 points for the first quarter. The second quarter falls below the 50.0 point median index, reflecting developers’ declining confidence in the economic situation and investment in Thailand. Real estate developers are also waiting for
Thai durian exporters and orchard owners have expressed serious concern that China’s recent imposition of Good Manufacturing Practice (GMP) certification, the system for ensuring that products are consistently produced and controlled according to quality standards, on Thailand’s “king of fruits” will negatively affect durian exports to China and suppress the price of the fruit. Only
Thailand’s Commerce Ministry is confident that Thai exports for the second half of this year will grow at a higher rate than in the first half and export growth for the whole year will not be as bad as initially forecast by the Bank of Thailand and the economic research departments of commercial banks. Mr.
The Bank of Thailand (BOT) has scaled back the auction size of short-term bonds this month in what was seen as an attempt to curb the rapid surge of Thai Baht which hit a six-year high on Monday. The central bank has not explicitly said that the reduction of short-term bond supply is aimed at
Thailand’s private sector has expressed serious concern over the strengthening baht, which has rallied to its highest level against the US dollar for six years and may badly affect the country’s exports of agricultural produce and consumer products. The baht has gained 5.5% against the US dollar since January and now stands at 30-31 baht
Thailand’s export growth this year may be flat after Thailand’s outbound shipments in May recorded the sharpest drop in 34 months. After the Commerce Ministry on Friday released the figures of Thai exports in May which dropped 5.8 percent year-on-year, contracting for seven consecutive months and the sharpest drop in 34 months, economists are now
By Mr. Lyu Jian, Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to the Kingdom of Thailand The international economy and trade are facing mounting downward pressure and uncertainties, among which, the trade war, which was unilaterally provoked by the US Administration, is the biggest source of risk, posing a grave threat to
The board of Airports of Thailand (AOT) today endorsed the bid committee’s decision to award the contracts to operate duty free shops at Suvarnabhumi International, Phuket, Chiang Mai and Hat Yai airports, and to manage commercial areas at Suvarnabhumi International airport, to King Power Duty Free Company. AOT managing director Mr. Nitinai Sirismatthakarn said today
Australian-based mining company, Kingsgate Consolidate Limited, is hoping that it will be able to hold talks with Thailand’s new industry minister, once appointed, to settle its long running conflict with the Thai government over the closure of its goldmine, known as Chatree goldmine, which straddles Phichit, Phetchabun and Phitsanuloke provinces. Kingsgate is demanding about US$750
Although investors have somewhat eased their worries about the local politics, the question over stability of the new government continues to dampen economic outlook, according to a research by the Siam Commercial Bank’s Economic Intelligence Center. On June 5, Prime Minister Prayut Chan-o-cha was elected as Thailand’s next prime minister in a joint upper and
