Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
The Energy Regulatory Commission of Thailand has set new electricity charges, ranging from 4.68 baht to 5.95 baht/unit from January until April, 2024. The price from September until December this year has been 3.99 baht/unit. At its meeting today, the commission approved an 89.55 satang/unit Fuel Tariff (FT) for the January-April period, which will raise
The Government Savings Bank has announced the introduction of a program of credits, to address the problem of debts owed by Thai people who have borrowed from informal lenders. Under the program, informal debtors can borrow up to 50,000 baht from the GSB, repayable within five years, or 60 instalments, at a fixed interest rate
Prime Minister Srettha Thavisin declared the government’s determination today to address the chronic informal debt problem, which is affecting many people, by mobilising the police, local officials nationwide and the Finance Ministry to help in mediating settlement of informal debts with creditors in a manner which is fair to both parties and which will enable
The Cabinet agreed in principle on Tuesday to an amendment to the Interior Ministry’s regulations which would allow pubs and bars in Bangkok, Chiang Mai, Phuket, Chon Buri and Koh Samui to stay open until 4am. It was not, however, specified when the new licencing hours will come into effect, but earlier reports tentatively suggested
The cabinet approved a 10% salary increase over the next two years today, for newly-recruited government officials, to begin in the middle of next year, tentatively. Danucha Pichayanan, secretary-general of the National Economic and Social Development Council, said today that the salaries of newly-recruited civil servants will be adjusted to 18,000 baht minimum within the
Billionaire Anne’s slide to bankruptcy The meteoric rise and fall of Anne Jakapong Jakrajutatip, a transgender businesswoman, has been of epic proportions. Just a few months ago, she was flying high, having made global headlines when her company, JKN Global Group Public Company Limited, acquired the Miss Universe Organization (MUO). Since then it has been
While carbon credits are hailed in some quarters as a solution for the climate crisis, environmentalists warn they could send the planet spiralling into an even worse disaster. The carbon credit system is a method by which businesses and organizations can buy credits for carbon-reducing projects (such as reforestation) to offset their greenhouse gas emissions.
Prime Minister Srettha Thavisin is scheduled to meet with his Malaysian counterpart, Dato Seri Anwar Ibrahim, at the Sadao immigration checkpoint in Songkhla province on Monday, to discuss bilateral border trade and other issues of mutual interest. According to Chai Wacharonke, the government spokesman, the prime minister and his delegation will fly to Hat Yai
The Government Savings Bank (GSB) is encouraging businesses to focus more on addressing poverty and inequality issues as well as to shift from implementing conventional CSR (corporate social responsibility) programmes to CSV (creating shared value). GSB President and Chief Executive Vitai Ratanakorn made the call at the GSB Forum 2023 on the theme “ESG: Social
Former Prime Minister Prayut Chan-o-cha has declared his assets to the National Anti-Corruption Committee (NACC), revealing that he is now Bt1.5 million richer than when he first declared them nine years ago. In the document released by the NACC, it is revealed that Former Prime Minister Prayut Chan-o-cha’s total assets are now worth Bt130.2 million—an
Operators of the Purple Line and Red Line suburban train services suffered a combined loss of Bt7.4 million per day between October 16 and November 14, after fares were capped at Bt20, said Dr Samart Ratchapolsitte, deputy leader of the Democrat party and an expert in mass transit. Writing in his Facebook post today, Dr Samart
Starting next Tuesday, Bank of Agriculture and Agricultural Cooperatives (BAAC) will be paying rice farmers 1,000 baht per 0.16 hectares, up to a maximum of Bt20,000 per household, under the government’s program to encourage farmers to delay the sale their 2023-24 harvest until the market price is right. The “rice quality development and management program”
