Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
Prime Minister Prayut Chan-o-cha left this morning for Tokyo, Japan, to attend the 10th Mekong-Japan Summit and hold related talks with leaders of Cambodia, Laos, Myanmar, Vietnam and Japan. The summit has been held every year since 2009 to strengthen relationship between Japan and the Mekong countries, and cooperation on sustainable development and narrowing development
About 20 passengers were injured when a double-decker tour bus collided with a car before plunging into a forested ravine 50 metres below in Wichien Buri district of the central province of Phetchabun province on Sunday. Some of the passengers were trapped inside the bus and rescue workers had to use machine tools to cut
YANGON (The Irrawaddy) —A recent US report portrays China as seeking privileged access and influence inside Myanmar in order to further its geostrategic interests, while taking steps to counter the influence of Western countries — particularly the US —especially along the China-Myanmar border. In its report “China’s Role in Myanmar’s Internal Conflicts”, the United States
Japan and Germany are interested in investing in Thailand’s new project to build a factory to assemble trains, said Deputy Transport Minister Pailin Chuchottaworn. At this point, he said, the location of the train-assembling factory is likely to be in the Northeast, possibly Nakhon Ratchasima or Khon Kaen. The project is expected to be submitted
The World Bank has adjusted its projection of Thailand’s economic growth for the entire year to 4.5%, from the previous projection of 4.1%, said Kiattiphong Ariyapratchaya, a senior economist of the World Bank in Thailand. The government’s serious implementation of large-scale investment projects has partly contributed to the rise in Thailand’s gross domestic product (GDP)
Energy Minister Siri Chirapongphan has hinted that retail price of diesel may be increased above 30 baht/litre if global crude price rises to between 90-100 US dollars/barrel and the 6,000 million baht set aside from Oil Fund to freeze diesel price at 30 baht/litre is not sufficient and additional fund is needed. He said that
Thailand has been removed from the blacklist of countries affected by illegal ivory trade, said Mr Somkiart Suntornpitakkool, director of the Wildlife and Plants Protection Division, on Friday. He said the standing committee of the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) at the meeting in Sochi, Russia during
Consumers’ confidence index for the month of September dropped slightly to 82.3 from August’s 83.2 – the first time in four months mainly due to a drop in the arrivals of Chinese tourists, oil price increase, contraction of prices of farm products and increasing concern over the prospect of an expanded trade war between China
The government’s committee directing the policy of the flagship Eastern Economic Corridor (EEC) scheme, also known as the EEC board, on Thursday agreed in principle to endorse four more mega projects under the ECC scheme. This brought the total number of large-scale infrastructure projects approved under the EEC policy to five and the combined investment
The closure of Maya Bay, part of an island in Krabi’s Mueang district globally famous after it was picked as the shooting location for the movie “The Beach” in 1999, has been extended indefinitely from Monday (Oct 1), sending tour operators into a disarray. The bay and nearby bays in Koh Phi Phi in
Inflation has continued to rise 15 months in a row to an average of 1.14 per cent for the first nine months of this year, said Ms Pimchanok Wornkhorporn, director of Trade Policy and Strategy Office of the Commerce Ministry. The inflation rate for September represented an increase of 0.29 percent compared to the same
Japan has overtaken Thailand to become the top destination for Chinese vacationers during this Golden Week holiday of China, starting today, according to Ctrip.com, a major tourism website of China. This is the first time Thailand has lost its top destination status to Japan during the holiday season which is expected to see about 7
