Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
All banks in Thailand, whether state-run or private, have reserved a combined total of over 131 billion baht in cash through their withdrawal systems, ensuring revelers can enjoy the upcoming New Year festival without worry.
Both the public and private sectors in Thailand should be more collaborative in efforts to advance Thailand’s leadership in various respects in ASEAN, according to Dalad Tantiprasongchai, chief operating and international business officer of SCBX Public Company Limited.
The Thai Journalists Association (TJA) has described 2024 as the “Year of Hardships” for the Thai print and broadcast media, as the industry as a whole is facing increasing challenges from digital disruption and changes by consumers in the ways they access information.
The cabinet approved the second phase of the “digital wallet” scheme today, under which Thais who are 60 and older will receive 10,000 baht financial support, to be payable before Chinese New Year, or January 29th.
The tri-partite Wage Committee agreed today to increase the country’s minimum wage by between 7 and 55 baht per day, with the highest minimum rate of pay being 400 baht per day, effective January 1st.
The simmering conflict between the government and the Bank of Thailand (BOT) over interest policy and the appointment of the new chairman of the central bank’s board often dominated news headlines in 2024.
The Finance Ministry will seek cabinet approval next week for the "Easy e-Receipt" scheme, under which consumers who spend up to 50,000 baht on products or services will be eligible for an income tax deduction to promote domestic spending.
The Bank of Thailand’s Monetary Policy Committee voted unanimously on Wednesday to maintain the policy rate at 2.25%, on the basis that the current rate is consistent with the economic trajectory, inflation target range, safeguarding of long-term macro financial stability and increasing uncertainties.
With an upbeat export growth projection of about 5% this year, the Ministry of Commerce and the private sector are optimistic for a further 2-3% growth in 2025, bringing total export value to about US$305 billion.
Concerned state agencies have been asked to urgently consider tax reforms to enhance state revenue collection, Finance Minister Pichai Chunhavachira revealed recently.
Migration plays a key role in Thailand's social and economic growth, offering opportunities and potential if managed well and if migrant rights are protected, according to a report by the United Nations Network on Migration in Thailand.
The Cabinet has approved a total budget of Bt1.9 billion to subsidize power bills for vulnerable groups during September–December 2024.
