Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
The Cabinet has resolved to cut the property ownership transfer fee from 2% to 0.01% for detached houses, semi-detached houses, terraced houses or townhouses, and condominium units priced at no more than seven million baht each.
Hopes for better welfare have been dashed for most Thai seniors just days before the country marks National Elderly Day on April 13.
Hanoi - In hope of avoiding punishing U.S. tariffs, Vietnam is prepared to crack down on Chinese goods being shipped to the United States via its territory and will tighten controls on sensitive exports to China, according to a person familiar with the matter and a government document seen by Reuters.
Thailand's low inflation is neither a sign of deflation nor an obstacle to economic growth, its central bank chief said, responding to a query from the finance minister as to why the rate has stayed below target this past 12 months.
The Internal Trade Department has appealed to all retail outlets and department stores not to hike the prices of Nescafé instant coffee, after the Nonthaburi Civil Court issued an injunction on Wednesday for Nestlé Thailand, the sole owner of the Nescafé brand, to suspend production, distribution and import of Nescafé instant coffee.
Thailand should diversify its export markets, lower trade barriers on US goods and pursue more free trade agreements (FTAs) to cushion the impacts of US tariffs, a leading Thai economist has urged.
Washington, United States - US President Donald Trump abruptly paused tariffs on most countries Wednesday after admitting they made the markets nervous, but doubled down on a brutal trade war with superpower rival China.
Pig breeders, maize farmers and traders are crying foul over the government’s plan to allow the importation of US maize, pork and pork offal, as part of a bargain for lower tariffs on Thai products entering the US market.
The escalating trade war between China and the United States will result in the dumping of surplus Chinese products, especially consumer products, into the Thai market and this will seriously affect local manufacturers, according to M.L. Peekthong Thongyai, vice president of the Federation of Thai Industries, today.
Thailand and Bhutan have signed a free trade agreement (FTA) to promote mutual trade cooperation and strengthen their economic ties.
Deputy Prime Minister Phumtham Wechayachai claimed today that the government’s entertainment complex project will generate additional revenue for Thailand, which could offset lost revenue from import tariff increases being imposed by the US.
The creative economy is one of the fastest growing sectors and a crucial driver of economic growth, contributing 8.01% of GDP.
