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 gave nod to four mega-projects related to the Eastern Economic Corridor (EEC) at its meeting in the northern province of Chiang Rai. The four project, namely the aviation maintenance centre at U-tapao airport, the Utapao airport and eastern aviation hub development project, the third phase of Laem Chabang deep-sea port development
DTAC TriNet, a subsidiary of Total Access Communication, won the auction for a 900 megahertz licence uncontested with a bid at 38,064 million baht at the National Broadcasting and Telecommunications Commission on Sunday. DTAC TriNet entered the bid alone without the other bidders, AIS and True Move, which were earlier awarded the licenses for 900
The US-China trade war is driving China to turn to invest even more in Asean and the investment value is projected to surge to 16 trillion baht in the next 17 years, according to Asean+3 Macroeconomic Research Office (AMRO). That is more than triple the current investment value China maintains in Asean, said Chaiphat Phunphatphibun,
In a bid to cope with an expected slowdown in global economic growth next year, Deputy Prime Minister Somkid Jatusripitak has instructed the Finance Ministry to inject another 50 billion baht into the Pracharat Fund. This injection is for funding the government’s plan to stimulate Thailand’s economy ahead of a slowdown in global economic growth
Four main roads in Bangkok are included in a five-year pilot project aimed at easing traffic congestion in the capital with the help of artificial intelligence (AI) and big data analytical technology. The pilot project is part of the Communication Ministry’s “Sustainable Mobility Project”, which is cooperation between the ministry, educational institutions and a number
Key Pheu Thai Party figure, Khunying Sudarat Keyuraphan, has insisted the party would not be ready to work with Gen Prayut Chan-o-cha if he happens to stay in power after the election. She was responding to questions whether it would be possible for Pheu Thai to work with a new coalition government led by Gen
Bank of Thailand and Indonesia`s Financial Services Authority signed a memorandum of understanding (MoU) committing efforts to strengthen banking supervision in both countries. Antara News reported that the MoU was signed by Chairman of the OJK Commissioner Wimboh Santoso and Governor of the Bank of Thailand Veerathai Santiprabhob on the sidelines of the Annual Meeting of
The Thai Foreign Ministry has dismissed rumours that Thailand is imposing a limited quota of visas for Chinese visitors to Thailand. The ministry had checked with the Thai embassy in Beijing and learned that those rumours were partially based on a recent shortage of visa stickers at the Thai embassy and consular offices in China,
PTT Public Company’s attempt to take over Glow Energy Company or GLOW has been blocked by the Energy Regulatory Commission. An informed source said the commission on Wednesday decided with a unanimous vote to reject the plan of Global Power Synergy Company Limited (GPSC), a subsidiary of PTT Public Company, to acquire up to
The International Monetary Fund (IMF) has raised its projection of Thailand’s economic growth for this year to 4.6% from 3.9% last year, while cutting the economic growth forecast of Asean. In its global economic growth forecasts for 2018 and 2019, released Tuesday, the IMF however projected that Thailand’s economy would grow only 3.9% next year.
Altogether 448 flights arriving at and departing from Suvarnabhumi international airport on Tuesday were delayed after a THAI Boeing 744 plane skidded out off the runway and with some of its wheels stuck on the ground forcing the airport authorities to close the western runway. Transport Minister Arkhom Termpittayapaisit said that the western runway, was
The five Southeast Asian nations along the Mekong River, including Thailand, and Japan today adopted a new three-year strategy centering on improving connectivity through promotion of “quality infrastructure” building for regional development. The document endorsed by Prime Minister Gen Prayut Chan-o-cha and leaders from Cambodia, Laos, Myanmar and Vietnam and Japanese Prime Minister Shinzo Abe
