Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
Thailand’s economic relationship with China, Japan and the United States is at a crossroads, and the government faces some tough challenges in addressing the concerns of miffed parties.
Prime Minister Anutin Charnvirakul assured opposition MPs that his entire cabinet, himself included, will closely monitor the disbursement of the 400 billion baht borrowing under the Executive Decree, to ensure that the money is spent worthily and effectively, after the House of Representatives passed the Decree by 285 to 141, with 52 abstentions.
Finance Minister Ekniti Nitithanprapas has explained to parliament that the Executive Decree to borrow 400 billion baht is “not a blank cheque,” but is necessary to maintain economic stability during the multiple crises stemming from high global price rises.
The Monetary Policy Committee (MPC) of the Bank of Thailand (BoT) voted unanimously today to maintain the benchmark policy rate at 1.00%.
Prime Minister Anutin Charnvirakul has defended an executive decree in the House of Representatives, authorising a 400-billion-baht loan, calling the move an essential response to an unprecedented energy crisis sparked by the ongoing conflict in the Middle East.
In the House debate on the government’s 400 billion baht Loan Decree the opposition will focus on two main issues, Natthaphong Ruengpanyawut, leader of the People’s Party said today.
The Federation of Thai Industries (FTI) has voiced strong support for the government’s efforts to expedite the conclusion of the Agreement on Reciprocal Trade (ART) with the United States.
Thailand’s rice exports to the Philippines reached nearly 300,000 tonnes during the first half of this year, an increase of more than 110% year on year, making the neighbouring ASEAN country a major export market for Thai rice.
A Thai international trade expert believes that Thailand and Myanmar’s prospects for boosting bilateral trade to US$12 billion, from 7.4 billion, are reasonable, following the encounter between Myanmar’s former junta leader and President Min Aung Hlaing and Thailand’s Prime Minister Anutin Charnvirakul earlier this month. Some trade constraints still need to be addressed though.
Thailand’s Prime Minister Anutin Charnvirakul and New Zealand’s Prime Minister Christopher Luxon signed a ‘Joint Declaration on Strategic Partnership’ on Friday, marking the 70th anniversary of diplomatic relations and raising bilateral ties to a higher level.
Thailand is urging Australian digital design platform Canva to establish a regional office and an AI-design research centre in the country to develop local talent and bolster the creative economy, according to Finance Minister Ekniti Nitithanprapas.
Finance Minister Ekniti Nitithanprapas recently unveiled a new economic plan aimed at steering Thailand towards a high-income nation, but experts have flagged obstacles that need immediate attention.
