Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
The ongoing smog problem in and around Bangkok has caused financial loss estimated at 2,600 million baht since late last month in term of lost opportunities in health and tourism aspects, according to the assessment report of Kasikorn Research Centre of Kasikorn Bank. The report said that the smog problem is not new for Thailand
Thailand Development Research Institute (TDRI) has expressed concern that low income-earners who bought housing units under the government-sponsored “One Million Housing Units” project may not be able to pay their instalments once the initial period of low interest rate charged on their housing loans expires and they will have to start paying floating interest rates.
DAVOS, SWITZERLAND (AFP) – The world’s 26 richest people own the same wealth as the poorest half of humanity, Oxfam said on Monday, urging governments to hike taxes on the wealthy to fight soaring inequality. A new report from the charity, published ahead of the World Economic Forum in Davos, also found that billionaires around
The Securities and Exchange Commission (SEC) has decided to slap a 499.95 million baht fine on billionaire businessman Dr Prasert Prasarttong-Osoth, his daughter Ms Paramaporn and another woman, Mrs Narumon Jainaknan after they were faulted for shares manipulation. A well-informed source said that SEC conducted further investigation after it received information from the Stock Exchange
Singapore and Vietnam are likely to be shortlisted to host a second summit between North Korean leader Kim Jong Un and United States President Donald Trump, South Korean Foreign Affairs Ministry officials said today, according to the Korea Herald. “(The venues you should pay attention to) are those mentioned by media including Vietnam, Singapore and
The Public Warehouse Organization (PWO) has submitted to the Office of the Attorney-General (OAG) all the contracts related to the hiring of private warehouses and rice surveyors for the storing and quality checks of several million tonnes of rice bought under the controversial rice pledging scheme dating back to 2008. PWO director Mrs Inthara Pokobpunyarak
The Government Housing Bank will set aside a fund of one billion baht to be extended to people whose houses are damaged by tropical storm Pa Buk which is wreaking havoc in southern Thailand. GHB managing director Chatchai Sirilai said today that the bank would waive interest for four instalments and would charge an interest
A US government delegation will visit China Monday and Tuesday for the first face-to-face talks since US President Donald Trump and his Chinese counterpart agreed on a tariff truce, China’s commerce ministry said. The US team will be led by Deputy US Trade Representative Jeffrey Gerrish and will discuss “implementing the important consensus” reached by
The Finance Ministry has ordered the Government Housing Bank to increase the limit of housing loans initially set at 50 billion baht for the One Million Housing Units project after it was over-applied. Applications for the housing loans received by the GHB at its head office in Bangkok and at its branches across the country
Thousands of people flocked to the head office of the Government Housing Bank (GHB) on Rama 9 Road in Bangkok this morning in order to apply for housing loans to purchase housing units under the One Million Housing Units Project. Some even spent Saturday night camping outside the bank to be among the first to
The board of directors of Airports of Thailand (AOT) has given the greenlight for the construction of the second passenger’s terminal at Suvarnabhumi international airport despite earlier demands from leading architects and engineers for the project to be scrapped. AOT managing director Nitinai Sirimatthakarn said Wednesday that after the board’s approval of the project, the
Business operators’ confidence index for the month of November peaked to 93.9 points from 92.6 points in October, representing the highest level in 66 months since June 2013. Suphan Mongkonsuthee, president of the Federation of Thai Industries, said Thursday that the peak of business operators’ confidence was due to the fact that many producers have
