Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
Japan may soon prefer to invest in Vietnam and Indonesia, because they have a larger working-age population, while Thailand is transitioning to an ageing society, according to Kozo To, President of the Japanese Chamber of Commerce in Bangkok.
The Commerce Ministry has designated 2025 as the golden year for Thai fruits, introducing a comprehensive management framework to boost exports of locally grown fruits to the world market.
The 10,000 baht benefits paid under the Digital Wallet scheme are just a short-term measure to help ease the cost of living for most recipients and their families and will have a minimal impact on the economy, according to Professor Praipol Koomsup, former dean of the Faculty of Economics at Thammasat University.
The Commerce Ministry has introduced a new online service aimed at helping expand Thailand’s exports to China, with a focus on potential provinces in the massive Chinese market.
Commerce Minister Pichai Naripthaphan has come under fire from opposition parties and critics for his recent suggestion that rice farmers should cultivate bananas for export to Japan, which would fetch higher prices than grain.
The Thai government should quickly establish a special team to cope with new US tariffs, which are likely to be imposed on Thai exports to the US market.
The government should promote or launch internship or traineeship programs for prospective newcomers to the national workforce to enhance the skills needed for their career paths.
Former finance permanent secretary Somchai Satjapong was voted the new chairman of the board of the Bank of Thailand yesterday, by the selection committee.
The Bank of Thailand’s Monetary Policy Committee (MPC) agreed, by a 6:1 vote, to cut the policy interest rate by 25 basis points to 2%, with immediate effect.
The Cabinet has urged the Bank of Thailand’s Monetary Policy Committee (MPC) to cut the current policy rate of 2.25% at its meeting today, Deputy Finance Minister Paopoom Rojanasakul said yesterday.
A further reduction in Thailand’s policy interest rate will help shore up low inflation and ease the burden for local borrowers, according to the International Monetary Fund (IMF).
The rice policy subcommittee has rejected farmers’ proposal for the government to guarantee paddy prices, or to revive the rice pledging scheme, in the wake of falling second-crop paddy prices.
