Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
The Energy Policy Committee has agreed to inject another 70 satang/litre to one baht/litre subsidy from the Oil Fund to freeze the retail price of diesel at 30baht/litre. Energy Minister Siri Chirapongphan said that the increased subsidy for diesel up to one baht/litre instead of 30 satang/litre was based on the assumption that global crude
The Tham Luang Khun Nam Nang Non in Chiang Rai province which has been closed for renovation to restore its natural environment following the dramatic rescue operations to save the lives of the 13 Wild Boar boys and their coach will be officially re-opened to the public on December 1. Deputy director-general of the National
The US Trade Representative (USTR) has threatened to cut the Generalized System of Preferences (GSP) for Thailand for failing to fully respond to its previous request for amendments to Thailand’s labour law and removal of restrictions on imports of US pork. Boonyarit Kalayanamit, director-general of the Commerce Ministry’s Internal Trade Department, met with Lewis Karesh,
All ageing passenger vans which are over ten years old will be put out of service starting October 1 after the working committee to regulate the service of the vans has agreed to not extend their service for another year as requested. The decision to not extend the service of the ageing passenger vans was
The Asian Development Bank (ADB) has raised Thailand’s economic growth forecast this year by 0.5% from a previous forecast in April to 4.5%, while cutting Asean’s economic growth forecast to 5.1% from previously 5.2%. ADB on Wednesday launched its “Asian Development Outlook 2018 Update: Maintaining Stability Amid Heightened Uncertainty”. ADB also raised its forecast of Thailand’s
The National Credit Bureau (NCB) today echoed concerns raised by the Bank of Thailand (BoT) over rising non-performing loans (NPL) in the mortgage sector. The overall NPL rate now stands at 4%, while the NPL rate in Gen Y group stands at 1.5%, Gen X at 2% and baby boomers at 0.4%, said NCB Co
The board of Rubber Authority of Thailand will ask for 9 billion baht from the government’s Central Fund to help about 300,000 rubber planters who each owns not more than 10 rai of rubber plantation in the wake of falling natural rubber prices. An informed source from the Ministry of Agriculture and Agricultural Cooperatives said
US-based Chevron Corp and PTT Exploration and Production (PTTEP) are the only two contenders that submitted their bids for concessions of the Erawan and Bongkot natural gas fields in the Gulf of Thailand. The National Energy Policy Council chaired by Prime Minister Prayut Chan-o-cha will consider and approve the winning bidders in December and the
The Criminal Court on Tuesday acquitted former director-general of the Department of Special Investigation (DSI) Tarit Pengdit and four other police officers from charges of malfeasance filed against them by former prime minister Abhisit Vejjajiva and his then deputy, Mr Suthep Thuagsuban. Abhisit and Suthep accused Tarit and the four DSI officers of abuse of
Eleven workers were injured, three of them seriously, after a historic pagoda under renovation at Wat Phrayatham Voraviharn in Bangkok Noi district, Bangkok, caved in before noon today. Police reported that workers were moving in steel girders to support the foundation of the pagoda when it subsided. Eye-witnesses said there were loud noises and debris
The use of teak wood to decorate the interior of the new parliament building under construction is meant to convey Thai culture and Thai-ness, House of Representatives secretary-general Sorasak Pienwech said on Monday. The use of a large amount of teak wood – about 5,000 teak logs, including about 1,000 to be bought from the
Stop Global Warming Association president Srisuwan Janya has threatened to lodge a lawsuit with the Central Administrative Court against the government if it allows the use of a large quantity of teak wood in the decoration of the new parliament building still under construction. The all-seasoned activist said that the approval for the use of
