Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
Thailand did not participate in the World’s Best Rice 2023 competition, held during the International World Rice Commission in Philippines, and will not do so in the coming years, Chukiat Opaswongse, honorary president of Thai Rice Exporters Association (TREA), said yesterday. His announcement came one day after Vietnam’s rice variety, ST25, was voted the best
Two cargo containers, left unclaimed by their owners at Laem Chabang deep-sea port in Chon Buri province since 2021, were discovered to contain frozen pork and beef falsely declared as frozen seafood. In the first container, Thammanat stated that several white boxes were declaring the content as “cheek meat” in English. It was found to
The district chief officer of Phu Kradueng district, in Thailand’s north-eastern province of Loei, has claimed that almost all the people there are in favour of the proposed cable car, to promote tourism in the province with an expectation that the project will generate up to 70 billion baht in annual revenue. Phurivat Chotenopparat said
The Cabinet decided today to grant 120 baht in subsidy for each tonne of cut raw sugarcane, as an incentive to discourage farmers from burning the cane to facilitate harvesting, which increases PM2.5 air pollution. Deputy Industry Minister Pimpatra Wichaikul said today that as many as 40,000 sugarcane farmers are expected to join the program,
The national household debt has increased by 3.6%, compared to the first quarter, to about 16.07 trillion baht in the second quarter of this year, representing 90.7% of GDP, according to the National Economic and Social Development Board. The board said that credits of all kinds increased in the second quarter, mostly from real estate
A total of 37,579 people, who claim to have incurred about Bt1.5 billion in informal debt with 19,061 creditors, have applied for help from the state in the first two days of the informal debt settlement program, said Suttipong Juljarern, the permanent secretary of the Interior Ministry, on Sunday. The five provinces with the largest
Energy Minister Pirapan Salirathavibhaga says that the Bt4.68/unit electricity price for January-April next year, as proposed by the Energy Regulatory Commission (ERC), is a huge increase from the current rate of Bt3.99/unit and unacceptable. He assured that the actual price will be much lower, adding that he has instructed the authorities concerned to explore all
The National Soft Power Development Committee (NSPDC) has decided, in principle, to approve about Bt5.1 billion to promote 11 elements of Thailand’s soft power, from food and festivals to music, fashion and Muay Thai. There will be as many as 10,000 activities, with Songkran being the key festive activity which is expected to generate about
The Ministry of Interior has today kicked off the government’s ambitious plan to tackle the chronic informal debt problem affecting countless Thai people, especially low income-earners, by accepting applications for help from debtors. Provincial halls and district offices througout the country are now open from 6am until 11pm to enable informal debtors to register in
The decision, by the National Park, Wildlife and Plant Conservation Department, to suspend e-ticketing for tourists visiting six national parks from today is being criticised as untimely and poorly planned. Many commentators argue that December is the start of the tourism high season in Thailand, both for locals seeking to enjoy cooler air in the
What do mobile toilets, mobile homes, food stalls and camping gear have in common? The quick answer is that they are all vehicles. At one of Thailand’s major auto shows, the Thailand International Motor Expo 2023, which opens today (November 30) and runs until December 11 at Challenger, Impact Muang Thong Thani, several carmakers will
The deceleration in the growth of the Thai economy in the third quarter has raised questions on whether these were symptoms of the country staring at an economic crisis. Gross domestic product in the third quarter grew by only 1.5 per cent. Most of the leading economists do not see any risk, but politicians in the
