Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
The Cabinet on Tuesday approved in principle 18.6 billion baht in aid package to help rubber plantation owners and rubber tappers currently affected by falling rubber prices. Under the aid package, the government will give a handout of 1,800 baht for each rai of rubber plantation but not exceeding 15 rai for each plantation owner.
Economic growth rate for the third quarter was registered at 3.3 percent – down from 4.6 percent during the second quarter, but the growth rate for the fourth quarter is expected to pick up, said Tossaporn Sirisamphan, secretary-general of the National Economic and Social Development Board, on Monday. He attributed the GDP contraction for the
King Power International Group has unveiled what is billed as the world’s biggest glass-bottomed skywalk located on the rooftop of the 78-storeyed King Power Mahanakhon building on Narathiwat Road in Bang Rak district. The glass-bottomed skywalk has 360 degree panoramic view and is 314 metres from the ground and is regarded as the highest point
Former Thai ambassador to China Viboon Koosakul has suggested that Thailand learn to make adjustments to accommodate modern China which is now entering an era of innovation. Viboon described China’s economic and geopolitical influence as a “strong wind” and that Thailand “needs to learn how to adjust its sail.” Speaking at a recent panel discussion
Thai businessman Chatchaval Jiaravanon, a member of one of Thailand’s richest families, has bought Fortune magazine for US$150 million through his wholly-owned company, Fortune Media Group Holdings Limited. Fortune magazine writer Andrew Nusca said that the transaction was a personal investment of Mr Chatchaval, son of Mr Sumet, executive chairman of Charoen Pokphand Group. Chatchaval
SHANGHAI (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd smashed the 2017 record for its Singles’ Day sales event on Sunday, surpassing 168 billion yuan ($24.15 billion) sales in under sixteen hours. Singles’ Day, also called “Double 11” is the world’s biggest online sales event, outstripping US shopping holiday Black Friday. The Chinese event
Business leaders today welcomed the announcement of political timeline by Deputy Prime Minister Wissanu Krea-ngarm on Thursday. Federation of Thai Industries president Suphan Mongkolsuthee said the election which is to be held on February 24 in accordance with the timeline would boost the confidence of investors as well as that of the people in general.
CP All Public Company, the sole operator of 7-Eleven convenience store chain, on Wednesday announced its declaration of intention to reduce and, eventually, to end the use of single-use plastic bags at all the stores throughout the country. “We chose date 7 and the 11th month to announce our determination to reduce and end the use
SHANGHAI (Reuters) – The US-China trade war is the “most stupid thing in this world,” Jack Ma, the chief of Asia’s most valuable public company, Alibaba Group Holding Ltd, said on Monday. The two countries have set tariffs on hundreds of billions of dollars of each other’s goods and US President Donald Trump has threatened
The Tourism Authority of Thailand’s projection of 11.5 percent growth in tourist arrivals next year may not be met, resulting in a revenue loss of about 50 billion baht unless Thailand can lure back more Chinese tourists. For this year, total tourist arrivals were estimated at between 38-38.2 million – an increase of 7-8 percent
Prime Minister Prayut Chan-o-cha is satisfied with Thailand’s latest rankings in the World Bank’s Doing Business Report 2018. Government spokesman Putthipong Punnakan said today that the prime minister was pleased that Thailand scored higher marks – from 77.39 last year to 78.45 out of a total of 100 – in the Ease of Doing Business
The Anti-Corruption Organization of Thailand (ACT) has urged Prime Minister Prayut Chan-o-cha and the Public Section Anti-Corruption Commission to impose “integrity pact” in a new round of auction to choose a new operator of duty-free shop at Suvarnabhumi international airport after the expiration of the existing contract in September 2020. The current operator of duty-free
