Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
The Government Lottery Office (GLO) is set to launch the sale of digital lottery tickets through registered lottery dealers on March 17th, to provide buyers with another channel through which to buy lotteries at the controlled price of 80 baht. GLO Director Lt-Col Nhun Sansanakom said that lottery dealers who have signed contracts with the
Thailand’s six domestic airlines have sought permission from the Civil Aviation Authority of Thailand (CAAT) to add 104 flights to their schedules during the “Grand Songkran Festival”, to cope with an expected increase in air travel during the period and to resolve the problem of expensive air tickets. The additional flights will operate on April
Thailand wants Hong Kong business operators to use Thailand as their trade and investment centre in the Southeast Asian region and to support Thailand’s efforts to develop its soft power in food, services, rice and fruits, Deputy Prime Minister and Commerce Minister Phumtham Wechayachai said today. Phumtham is leading a delegation to Hong Kong, comprised
Thailand has partnered with the International Labour Organization (ILO) in a groundbreaking initiative to enhance positive work conditions. The newly signed four-year Decent Work Country Programme (DWCP) aims to improve labour market readiness, strengthen social safety nets, and enhance the capabilities of government, businesses, and workers to achieve “decent work” across all dimensions. At the
Energy Minister Pirapan Salirathavibhaga offered an assurance today that electricity charges for May-August will not be higher than they are now, as the Energy Regulatory Commission (ERC) is holding an online public hearing to gauge opinions about the electricity rate. Komkrit Tantravanich, secretary-general of the ERC Office, said today that the ERC had proposed three
From May 1st, Thai commercial banks will charge their customers a 1% Dynamic Currency Conversion (DCC) fee for making cash withdrawals abroad. A similar fee will also be levied on the use of Visa or Master credit cards for transactions made abroad for goods or services or through online stores which are registered outside Thailand.
In an exclusive interview with Thai PBS World, Bank of Thailand governor Sethaput Suthiwartnarueput talks to Suthichai Yoon about the Thai economy and interest rate policy. The central bank governor calls the difference of opinions between the Bank of Thailand and the government as ‘creative tension’. He emphasises that lowering the interest rate, while household
Most Thai industrialists admit that their businesses have been affected by the imports of cheap and substandard products, particularly electrical appliances, food, textiles, cosmetics and garments, according to the latest Federation of Thai Industries (FTI) CEO Poll, conducted in February. The survey gauged the opinions of 234 chief executive officers of 46 industrial groups and
The State Railway of Thailand will begin the construction of a station for the Thai-Chinese high-speed train project in Ayutthaya province this month, in parallel with the laying of the tracks between Map Kabao and Thanon Jira Junction, also in Ayutthaya, according to Deputy Transport Minister Surapong Piyachote. Surapong and his team were in Ayutthaya
TikTok, the online video-sharing platform, has become the most popular online shopping platform among Thais aged up to 29, according to a survey conducted by the Trade Policy and Strategy Office (TPSO). The survey was conducted among 4,699 respondents throughout the country. The platform has gained popularity as an online commerce platform among youth, as
The Bank of Thailand has issued a temporary measure allowing state-run banks of the Assets Management Company to establish joint asset management entities, to address the non-performing loans (NPLs) of specialised financial institutions (SFIs). Ronadol Numnonda, the central bank’s deputy governor for financial institution stability, said today that financial help is necessary for many debtors
The tri-partite Wage Committee has approved, by a vote of 7:5, a new formula for the calculation of minimum wages, which is tentatively expected to come into force in April, initially in Bangkok and nine other provinces. The new formula will factor in labour productivity, labour’s contribution to production, the inflation rate, the number of
