Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
(Reuters) – Facebook Inc’s social networking site, photo-sharing social network Instagram and messaging app WhatsApp were inaccessible to many users across many countries, including Thailand, on Sunday, downdetector.com, which monitors outages, showed. Downdetector.com indicated that there were more than 12,000 incidents of people reporting issues with Facebook at its peak, but that figure dropped to
After Thai consumer confidence in March recorded the first drop in three months, businesses pin their hope that Songkran will boost the spirit of spending. Usually, there is an uptick in business during the traditional Thai new year festival. This year, however, there are concerns that haze in the North, the popular destination for Songkran,
Thailand’s mobile phone operators using the 900Mhz band and digital TV licensees have been granted a reprieve regarding their concession fees, thanks to the National Council for Peace and Order (NCPO). According to Royal Gazette website today, Prime Minister Prayut Chan-o-cha, in his capacity as head of the NCPO, has invoked the sweeping powers, granted to him under Article 44 of the
Thai economic growth this year is unlikely to pass 4 percent as economists have recently revised the growth downward because the Thai exports are facing strong headwinds amid local political uncertainty. The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) last week lowered the economic growth forecast for 2019 from 4.0-4.3 percent initially to
As of press time, the National Wage Committee has decided to postpone a decision on the minimum wage to later this month, even though the new rate was initially expected to be announced from the beginning of April. Both employers and employees have good reasons to anxiously wait for the announcement of the new rate
The board of the Airports of Thailand Company (AOT) has decided to split the concession to operate airport duty-free shops into two contracts – one for Suvarnabhumi and the other for Phuket, Chiang Mai and Hat Yai international airports. The AOT board, which arrived at the decision on Thursday, has stipulated that the products to be sold at the duty-free shops at all four airports must be of
Since the US China trade war kicked off in the middle of last year, Thai business begin to feel the pinch as seen by the downward trend of Thai exports. In the short run, some Thai export items may benefit from trade diversion as US and Chinese importers shifted to certain Thai products to avoid
The future of the Eastern Economic Corridor (EEC) could hang in a balance as it remains uncertain which parties will form the new government. The EEC, the massive-scale infrastructure project stretching across three eastern provinces, is seen as a brainchild of the outgoing Prime Minister Prayut Chan-o-cha government. Therefore, some questioned what would happen to
The US Federal Aviation Administration (FAA) has identified 26 flaws in Thailand’s aviation standards during its recent inspection and has recommended that they be rectified if Thailand is to regain Category One status. Civil Aviation Authority of Thailand director Mr. Chula Sukmanop said that some of the 26 flaws recently identified were already known and
LONDON (AP) — British lawmakers issued a scathing report Monday that calls for tougher rules to keep Facebook and other tech firms from acting like “digital gangsters” and intentionally violating data privacy and competition laws. The report on fake news and disinformation on social media sites followed an 18-month investigation by Parliament’s influential media committee.
British Prime Minister Theresa May won a few weeks to salvage a Brexit deal but headed toward a clash with the European Union by promising to overhaul the divorce agreement she spent a year and a half negotiating with the bloc. British Prime Minister Theresa May won parliament’s backing on Tuesday to renegotiate her Brexit
TOKYO (AP) — The Japanese business daily Nikkei reported Wednesday that Nissan’s former chairman Carlos Ghosn, in his first interview since he was detained in November, blamed his arrest on a plot by other Nissan executives who opposed his plan for closer ties with the automaker’s French alliance partner Renault. The newspaper reported that it
