Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
The Bangkok Metropolitan Administration (BMA) wants the Mass Rapid Transit Authority of Thailand (MRT) to take over the responsibility of investing in new mass transit infrastructure projects in Bangkok, said Bangkok Governor Chadchart Sittipunt on Thursday. It is because the BMA has many other responsibilities to tend to, such as education, garbage disposal, cleanliness and
The Cabinet approved a bill on Tuesday which aims to amend the Act Governing Offenses Arising from the Use of Cheques (the Cheque Act), by decriminalising the issuing of bad cheques in most circumstances. Government spokesman Chai Wacharonke said that the cabinet’s decision is in line with Section 77 of the Constitution, which states that
Bangkok Mass Transit System Public Company (BTSC) is ready to support the government’s policy to cap train fares at 20 baht on Bangkok’s suburban rail network, but on the condition that the government holds talks with the train operators about how it will help to shoulder the operating costs, BTSC CEO Keeree Kanjanapas said on
The Consumer Council will propose that the cabinet cap train fares on the Pink Line at Bt20, instead of between Bt20 and Bt45, as will be proposed by the Ministry of Transport. Saree Aongsomwang, secretary-general of the Consumer Council, said today that the fares, proposed by the Transport Ministry, are equivalent to those charged on
Thailand’s GDP this year is forecast to grow by 2.5%, down from 3% as earlier projected, as growth in the third quarter of the year was just 1.5%, due to export contraction, averaging 3% for three months in a row, according to the National Economic and Social Development Council (NESDC). NESDC Secretary-General Danucha Pichayanan said
Thailand is officially an aged society this year, with the number of people 60 years old and above rising to 13.5 million, or about 20 per cent of the total population. Thailand will become a super-aged society in the next 10 years when the 60-plus population will reach 28 per cent of total population or
Hundreds of thousands of teachers in Thailand, both working and retired, are suffering under severe debt. At the last count, some 900,000 teachers had incurred a total of 1.4 trillion baht in loans. The Office of Basic Education Commission (Obec) reports that 2,864 current and retired teachers under its wing have been prosecuted for defaulting
Energy Minister Pirapan Salirathavibhaga said today that the retail oil price structure, which has been in force for about three decades, needs to be overhauled because it is unfair to consumers. He pointed out that pump prices for several oil products have been on the rise in the past few days, after the Energy Ministry
Prime Minister Srettha Thavisin touted Thailand as the hub of the regional economy with new potential for trade and investment in multifaceted fields.In his keynote speech yesterday at the APEC CEO summit in San Francisco, Srettha declared that it is now the time to invest in Thailand as the country is fully back in business.
Prime Minister Srettha Thavisin has suggested to business leaders in the United States that it is the right time for them to invest in or expand their investments in Thailand, as he pledged full cooperation, according to Government spokesman Chai Wacharonke. Addressing attendees at the APEC-CEO Summit 2023, at the Moscone Centre in San Francisco
Prime Minister Srettha Thavisin has finally brought some clarity to the source of funding for the controversial digital wallet handout scheme, but many aspects of the scheme remain problematic, raising questions on whether it would see the light of day. Srettha, who is also the finance minister, announced on November 10 that the Pheu Thai-led
The Thai government and US-based Google have announced a policy of strategic cooperation, to lay the foundations for digital infrastructure, research and development of artificial intelligence, cloud-first policies and the setup of a Google cloud region in Bangkok. Ruth Porat, chief financial officer of Alphabet, and its subsidiary Google, said that this cooperation is aimed
