Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
Thai people across the country lost almost 100 billion baht to online scams in 2022 through the Prompt Pay platform, claimed Sethaput Suthiwartnarueput, governor of the Bank of Thailand, today.
The Government Pension Fund (GPF) has allocated a budget of 25.5 billion baht for over 18,000 public sector personnel who will retire in the 2025 fiscal year.
The Bank of Thailand has agreed to fast-track the procedures required to unlock frozen bank accounts of innocent customers, who had been erroneously suspected of having connections with scammers, within four hours of receiving their complaints, according to Daranee Saeju, the central bank’s assistant governor for Payment Systems Policy and Financial Consumer Protection Group.
The Business Development Department (BDD), Commerce Ministry, is cooperating closely with the Royal Thai Police in dealing with mule accounts and business entities suspected to be engaging in money laundering.
One of the hottest topics on social media today is the freezing of the bank accounts of many innocent bank customers, mostly retailers, because they may be linked to online scammers. The controversy has attracted the interest of several lawyers, who have been sharing their opinions publically.
Prime Minister Anutin Charnvirakul said today that Thailand will not, for now, consider reopening border checkpoints with Cambodia, even though the closure is having some negative impacts on the industrial sector.
The 72nd Bangkok Gems and Jewelry Fair (BGJF) this week is expected to generate cash circulation of over 3.5 billion baht, underscoring its potential to be a major platform driving forward Thailand’s growing gem and jewelry sector.
Young adults in Thailand and Taiwan have different habits when it comes to saving money. Most young Thais prefer low-risk cash savings, whereas their counterparts in Taiwan find stock investments more attractive.
The US government has given the green light for imports of Thai fishery products, as they have been found to comply with the US Marine Mammal Protection Act (MMPA) for the past several years.
The new government is expected to revive the Pheu Thai-led administration’s 50:50 co-payment scheme, to stimulate the economy in the short term, Siripong Angkasakulkiat, one of the deputy leaders of the Bhumjaithai party, said today.
The private sector is urging the new government, led by the Bhumjaithai party, to role out immediate measures to address urgent issues, even though this administration is not expected to last long.
Thailand’s politics is caught in another maelstrom, this time caused by the Constitutional Court’s ruling to remove Paetongtarn Shinawatra as prime minister for a serious ethical violation.
