Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
Thailand has “very high” foreign reserves estimated at almost 200 billion dollars in August, Prime Minister Prayut Chan-o-cha said last night. Speaking in his weekly address, he pointed out that Thailand’s foreign reserves are 3.5 times higher than its short-term debts, suggesting that the country’s foreign reserves are more than enough. If Thailand wants to
The Central Administrative Court has ordered the National Broadcasting and Telecommunications Commission (NBTC) to provide redress to mobile phone subscribers using 850 megahertz spectrum of Total Access Communications (Dtac) until December 15. Dtac’s concession for 850 Mhz spectrum is due to expire on midnight of September 15 and this will affect the remaining Dtac’s phone
The Securities Exchange Commission (SEC) has imposed heavy fines on the top executive and a former executive of Inter Fareast Energy Corporation (IFEC) for insider trading. SEC said it had received complaints from several shareholders of the company to probe the conduct of Mr Supanan Rithpairote, chief executive officer and director of IFEC and Mr
The Customs Department will set up an intelligence gathering centre to keep track on people posing as passengers but in fact are couriers smuggling in brand-name products from overseas. These people often have customers who give them advance orders. Speaking at a customs seminar on Thursday, Customs Department director-general Kulis Sombatsiri said the department
Consumer’s confidence index for the month of July was registered at 82.2 representing the highest rate for the past 62 months of five years and two months since June 2013, said Mr Thanawat Pholvichai, director of Economic and Business Forecast Centre of the Thai Chamber of Commerce University. He said that tourism and export sectors
The Fiscal Policy Office has been instructed to hold discussions with the Commerce Ministry and the private sector about the Finance Ministry’s plan to introduce the so-called “Sharing Economy” concept to help skilled workers earn more income and also to help train the unskilled so they have a means to make a living. Finance Minister Apisak
The Bank of Thailand will start issuing a new set of banknotes featuring His Majesty King Maha Vajiralongkorn Bodindradebavarangkun’s portrait on the front side on Saturday which coincides with the 66th birthday anniversary of HM the King. The new banknotes were printed with new printing technology using three-dimensional magnetic print which will make them change
About 20 percent of package tour bookings to Ubon Ratchathani and Pakse and Paksong townships in souther Laos during the long weekends this week have been cancelled after the dam collapse in Attapeu province, said Mr Sakda Piriyakitpaibul, chairman of the tourism industry council of Ubon Ratchathani. He, however, said that the cancellations were limited
Unequal wealth distribution is one of the most pressing problems facing Thailand with the richest one percent owning more than half of the total household wealth while entrenched corruption is threatening the country’s long-term growth, Governor of the Bank of Thailand Veerathai Santiprabhob said today. He also said low financial literacy and high household debt
The tri-partite wage committee cannot yet finalise the 400-baht national minimum wage in Thailand, until it receives the proposed wage rates from the individual provinces, according to Labour Permanent Secretary Pairoj Chotikasathien. The governor of each province is required to work out the appropriate minimum wage for submission to the committee by July 31st, following
The Thai Bankers Association (TBA), reiterated today that the association and its members conduct business with full accountability to their customers, society and the global community in accordance with human rights principles. The TBA and the members also adhere to the law and regulations, under the supervision of the Bank of Thailand and the Anti-Money
The government should ease restrictions and reduce bureaucratic red tape to facilitate investment by foreigners, as a short-term measure to boost the sluggish economy, said Kirida Bhaopichitr, director of International Economics and Development Policy of the Thailand Development and Research Institute (TDRI). She said that Thailand’s economic growth in the first quarter of this year
