Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
WASHINGTON/BEIJING (Reuters) – The United States and China appeared at a deadlock over trade negotiations on Sunday as Washington demanded promises of concrete changes to Chinese law and Beijing said it would not swallow any “bitter fruit” that harmed its interests. The trade war between the world’s top two economies escalated on Friday, with the
The latest round of US trade salvo against Chinese goods could dampen the prospect of Thai exports as Thailand’s outbound shipment can contract this year, said Thanawat Polwichai, Director of Economic and Business Forecasting Centre at the University of Thai Chamber of Commerce. On May 10, the US started raising tariffs to 25 percent from
In spite of the government’s efforts to stimulate economic growth by launching a series of measures, their impacts on the market may be minimal largely because consumers have not regained confidence on the economy. The latest NIDA poll survey released on May 12 showed that 40.43 percent of respondents said the economic stimulus measures
Thailand’s consumer confidence index (CCI) for the month of April plunged to 79.2 points – the lowest in 16 months – due to concerns over political uncertainty, slow domestic economic recovery and the global economic slowdown. Mr. Thanawat Pholvichai, director of the economic and business forecast centre at the University of Thai Chambers of Commerce
Thailand’s Election Commission (EC) is confident that it will be able to announce, in the Royal Gazette, the official results of the March 24th general election by May 9th, the commission’s chairman, Mr. Itthiporn Boonprakong said today. Announcement of the official results of the election has been delayed mainly by the EC’s indecision on the
Thailand’s Supreme Court has ordered six insurance companies to pay the Stock Exchange of Thailand (SET), Thailand Securities Depository and Family Knowhow Company 100 million baht in total compensation for damage caused to the SET building and valuables contained therein by arsonists during the anti-government protests in 2010. The Supreme Court’s verdict, which was read
The Thai Chamber of Commerce and Board of Trade have reduced Thailand’s 2019 export growth projection from 3.1% to 2.1% citing several unfavorable external factors. Meanwhile, the External Trade Promotion Department maintains its 8% export growth forecast. Mr. Sanan Aung-ubonkul, vice president of TCC and BoT, said today that, in order to maintain the 3.1%
Thailand’s Trade Competition Committee has issued a set of guidelines to control the retail sector in order to prevent large retailers or retail chains from unfairly taking advantage of producers and suppliers. The committee’s spokesman, Mr. Santichai Sarathawanpaet, said the guidelines have been posted on the committee’s website, www.otcc.or.th, and members of the public and
At least twice a month –- on the first and sixteenth days – millions of Thais hope and pray that their fortune will change. They are glued to their TV set or mobile phones, anxiously waiting for lottery results praying for a miracle. Thais are increasingly addicted to lottery. The National Statistical Office of Thailand
The World Bank has cut Thailand’s growth rate projection this year to 3.8% from 3.9% compared to last year’s 4.1% GDP due to export growth slowing to 5.7% from last year’s 5.9%. Citing the East Asia and Pacific Update report, the World Bank’s senior economist for Thailand, Mr. Kiatpong Ariyapratya, said that the Word Bank
The Revenue Department has withdrawn a much-criticized demand for bank depositors to provide written consent to allow their banks to deduct tax on interest earned on deposits. Revenue Department spokesman Mr. Pensai Suraswadi said today that the department would issue a new announcement this week to exempt bank depositors, who have less than four million
Bank depositors in Thailand who earn more than 20,000 baht interest a year from their bank deposits will now be taxed 15% on the interest they earn, according to Finance Minister Apisak Tantiworawong. The minister said today the new tax measure, proposed by the Revenue Department, is intended to prevent bank depositors, who have more
