Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
The Commerce Ministry has anticipated a global market value of nearly Bt90 million in the foreseeable future for two promising Thai mango varieties that naturally originate from Chachoengsao province.
The Bank of Thailand began the enforcement of the “Shutdown Mule Accounts” measure today, requiring all commercial banks and other financial institutions to stop financial transactions through bank accounts which are suspected to be mule accounts and to notify their customers.
The remaining 16 million Thais who have yet to receive the Bt10,000 taxpayer-funded benefit under Phase 3 of the cash benefit scheme will definitely receive the money between April and June this year, Deputy Finance Minister Julapun Amornvivat said today.
Thailand is exploring ways to boost exports and market share of locally-grown red onions to neighboring countries in the Association of Southeast Asian Nations (ASEAN), driven by their high demand and recognized herbal properties.
An estimated 51 billion baht is forecast to be spent during the Chinese New Year festival next week, thanks to the distribution of 40 billion baht to four million Thais who are 60 and over, under the second phase of the “digital wallet” scheme, and the Easy e-Receipt tax deduction program.
Thailand must step out of its comfort zone and adapt its strategies to navigate the fluctuations and disruptions triggered by Donald Trump’s “Make America Great Again” (MAGA) agenda, according to leading figures in the business sector and geopolitical experts.
Economic damage from opportunity loss caused by air pollution, exceeding an average of 100µg/m³ on the Air Quality Index (AQI) in and around Bangkok over a one-month period, has been estimated at about 3 billion baht, according to a Kasikorn Research Centre (KRC) assessment.
Thailand’s exports during 2024 were estimated at 10.5 trillion baht (US$ 300.5 billion), representing a year-on-year increase of 5.4%, against the projection of between 1-2%, according to the Office of Trade Policy and Strategy at the Commerce Ministry.
The government’s ambitious entertainment complex project will pose an unparalleled threat and will pave the way for the growth of “grey” businesses and social problems in Thailand, outweighing any gains, wrote former finance minister Sommai Phasee in his Facebook post today.
Despite the recovery of Thailand’s economy since Q3 last year, foreign investors are urging clearer policies on digitalisation and climate change, according to Vibeke Lyssand Leivarg, chairwoman of the Joint Foreign Chambers of Commerce, or JFCCT, in response to the government’s sluggish movement towards innovative and digital transformation.
Thailand will sign a new free trade agreement (FTA) with the European Free Trade Association (EFTA) at the upcoming World Economic Forum (WEF) in Davos, Switzerland, on January 23.
