Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
For the first time in seven years, the Bank of Thailand on Wednesday increased its policy rate by 25 points to 1.75 percent from 1.50 percent. The Monetary Policy Committee voted 5:2 to raise the one-day repurchase rate to 1.75 percent with immediate effect after the rate was kept unchanged since April 2015, noting that
In another sign of worsening troubles for the media industry, mass-circulation Thai Rath newspaper is joining its media colleagues in downsizing its staff through a voluntary early retirement scheme. Thai Rath, which at its peak claimed a daily circulation of one million, said in a statement issued Monday that the drastic change in media consumption
VANCOUVER/BEIJING (Reuters) – A Canadian court on Tuesday granted bail to a top executive of Chinese telecoms giant Huawei Technologies Co Ltd while she awaits a hearing for extradition to the United States, a move that could help placate Chinese officials angered by her arrest. Meng Wanzhou, 46, Huawei’s chief financial officer and the daughter
VANCOUVER/BEIJING (Reuters) – The daughter of Huawei’s founder, a top executive at the Chinese technology giant, was arrested in Canada and faces extradition to the United States, roiling global stock markets as it threatened to inflame Sino-US trade tensions afresh. The shock arrest of Meng Wanzhou, 46, who is Huawei Technologies Co Ltd’s chief financial
Chinese people in Beijing will be able to apply for visa to visit Thailand through online service starting February 15. The e-visa system, jointly launched by the Ministry of Foreign Affairs in cooperation with Kasikornbank, will facilitate visa application for Chinese tourists, and will help ease the problem of congestion at Thai consular offices where Chinese tourists
Tourist arrivals in the famous resort town of Phuket have increased by 10 percent, with more visitors from India though Chinese arrivals have not picked since the Phoenix tourist boat tragedy in mid-July. The increase of tourist arrivals during the current high season was due mainly to the government’s decision to waive visa fee for
In yet another populist move, the National Oil Palm Committee led by Deputy Prime Minister Prawit Wongsuwan plans to give away 1,500 baht/rai cash handout to 150,000 oil palm planters to subsidize their production cost. The cash giveaway is for planters who have cultivated oil palm trees for more than three years and each is
Describing Germany as a long-time ally of Thailand dating back to over 150 years, Prime Minister Prayut Chan-o-cha told his German counterpart, Chancellor Angela Merkel that Thailand aspired to become a strategic partner with Germany in all aspects, especially economy, research and development and human development. In a joint press conference held at the office
Thai Airways International has lost 10 percent of its market share in the past three years due to a shortage of aircraft and if it wants to restore the market share it needs to have at least 125 aircraft, said THAI president Sumeth Damrongchaitham. The national flag carrier has recently submitted its business plan which
The Thai tourism business which was dealt a serious blow since mid-July from a substantial drop of Chinese arrivals over a tourist boat tragedy in the sea off Phuket has started to recover with more arrivals from the Asean countries, said Tourism and Sports Minister Veerasak Kowsurat on Monday. He said tourist arrivals from Asean
Prime Minister Prayut Chan-o-cha has blamed the Thaksin government’s policy in 2004 to promote the expansion of one million rai of rubber plantations for today’s rubber surplus, making Thailand the world’s biggest rubber producer and exporter and the resulting nosedive in its prices. In his weekly nation-wide address, the prime minister said his government had
A fallout from declining tourist arrivals, especially Chinese since the Phoenix tourist boat tragedy in mid-July, has forced more than 10 small hotels and hostels in Chiang Mai to put up their properties for sale. According to Nikkei Asian Review, the offering selling prices range from a few million baht up to 50 million baht
