Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
The cabinet approved a package to help flood victims today, both individuals and businesses in 50 provinces, which includes tax exemptions, soft loans, debt moratoria, interest rate cuts and loan guarantees.
The national police commissioner has ordered the establishment of a panel to investigate the high-profile e-commerce company iCon Group, which has reportedly hired several celebrities and influencers to promote its products, including food supplements, to the public.
Finance Minister Pichai Chunhavajira met with Bank of Thailand Governor Sethaput Suthiwartnarueput on October 3 at the central bank headquarters and discussed the country’s household debt and possibilities of an interest rate cut.
The opposition People’s Party is holding its breath as it awaits Parliament’s verdict on its so-called “progressive liquor bill” on October 2.
The recent flooding in Thailand’s 33 northern and northern provinces has caused damage to the agricultural, industrial and service sectors estimated at about 30 billion baht, according to the Thai Chamber of Commerce (TCC).
The recent flooding in Thailand’s 33 northern and northern provinces has caused damage to the agricultural, industrial and service sectors estimated at about 30 billion baht, according to the Thai Chamber of Commerce (TCC).
Thailand today welcomed a major investment from the giant tech company Google, which announced plans to invest US$1 billion to build its first data center and cloud region in the country.
Banks across Thailand are experiencing a surge in cash withdrawals, as state welfare card holders queue up to get their 10,000 baht cash benefit under the government’s “digital wallet” scheme.
As the Thai baht has increased to a 30-month high this week, the export sector is suffering huge revenue losses. An economist anticipates a 25 basis point policy rate cut by the Bank of Thailand.
A strong Thai baht against the US dollar does more harm than good to the Thai economy, according to the opinions of three economists and rice exporters.
Prime Minister Paetongtarn Shinawatra said today that the disbursement of the first tranche of 145 billion baht, under the “digital wallet” scheme, to 2.1 million people and 12.4 million state welfare card holders will create the first “major economic whirlwind” which will lead to opportunities, enhance businesses and improve the livelihoods of low income-earners.
Prime Minister Paetongtarn Shinawatra said today, that the government will press ahead and fulfil its promise to increase the minimum wage to 400 baht a day nationally within this year, but it needs to consider the opinions of all stakeholders and ensure legal compliance.
