Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
In spite of earlier fears, Thailand has not been added to the US Department of Treasury’s watchlist because Thailand does not meet two of the three criteria set by Washington. In a report written by Tananthorn Mahapornprajuck, Senior Economist at Bank of Thailand, Thailand has not been added because Thailand may meet only one criterion
SINGAPORE (Reuters) – Singapore, the tiny Southeast Asian city-state, is an unlikely place for a farming revolution. With tiered fish farms, vegetable plots atop office buildings and lab-grown shrimp, the island aims to beef up its own food production and rely less on imports to feed its 5.6 million people. Singapore produces about
Thailand’s Department of Intellectual Property is cooperating with a famous online shopping website owner to resolve and prevent counterfeit product sales online. Customers are now able to blow the whistle on pirated goods being sold on the web. May 28th, 2019, Ms. Napapatch Chan-Udom, a victim of counterfeit fraud, told of her experience of buying
The possibility of humans being defeated by an android does not only exist in the movie. Earlier this year, Ministry of Digital Economy and Society listed seven jobs that may not exist in the future because they will be replaced by technology. Let’s see which one is about to be oblivion soon. Cashier Human cashiers
WASHINGTON/BEIJING (Reuters) – President Donald Trump said on Thursday U.S. complaints against Huawei Technologies Co Ltd might be resolved within the framework of a U.S.-China trade deal, while at the same time calling the Chinese telecommunications giant “very dangerous.” Washington last week effectively banned U.S. firms from doing business with Huawei, the world’s largest telecoms
U.S. eases restrictions on Huawei; founder says U.S. underestimates Chinese firm NEW YORK/SHANGHAI (Reuters) – The United States has temporarily eased trade restrictions on China’s Huawei to minimize disruption for its customers, a move the founder of the world’s largest telecoms equipment maker said meant little because it was already prepared for U.S. action. The
CARACAS (Reuters) – Talks in Norway this week with representatives of Venezuela’s government and the opposition sought to “build a peaceful agenda” for the crisis-stricken South American country, President Nicolas Maduro said on Friday. Norway’s foreign ministry, which has a tradition of conflict mediation, said earlier on Friday that the talks were in an “exploratory
BEIJING (Reuters) – China offered strong support to Iran on Friday, with its top diplomat telling Iran’s foreign minister that China opposes unilateral sanctions and supports Tehran’s efforts to safeguard its interests. U.S.-Iranian tensions have escalated in recent days, bringing increasing concerns about possible conflict. Iran has said it is committed to its obligations under
The current growth forecast for Thailand’s GDP is 3.8%, with exports projected to grow by 3%, but global economic volatility, caused by the intensifying trade war between China and the United States, may necessitate a review by The Bank of Thailand next month. BoT Governor Veerathai Santipraphob admitted Thursday that Thailand’s economic growth is
After 48 years The Nation, one of the two English-language newspapers in Thailand, will end its print edition with its last issue scheduled for June 28th. Nation Multimedia Group CEO Somchai Meesen, however, assured that there would be no layoff of editorial staff, who will continue to work and focus full-time on the company’s online
Thai export growth this year is expected to register 0.5-1%, the lowest in four years, due to the escalating US-China trade war and the Vietnam-EU free trade agreement, which is due to take effect in the third quarter of this year. Mr. Ath Pisarnwanich, director of the International Trade Study Centre at the University of
Thailand’s Eastern Economic Corridor (EEC) Policy Committee, headed by Prime Minister Prayut Chan-o-cha, today acknowledged the State Railway of Thailand’s decision to award the contract to build the 220 billion baht high-speed train system, linking the country’s three main international airports, to a consortium led Charoen Pokphand Group (CP). Secretary-general of the EEC Policy Committee,
