Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
Prime Minister Srettha Thavisin said that the Pheu Thai party has prepared a Plan B to enable it to implement the controversial digital wallet scheme, in the event the government’s 500 billion baht loan bill to fund the scheme is ruled unconstitutional by the Council of State. In his interview from San Francisco on Tuesday
Thailand’s Central Committee on the Price of Goods and Services (CCP) has agreed to allow the ex-refinery price of white sugar to increase by two baht per kilogram and is lifting the control on the wholesale and retail prices of sugar. Wattanasak Sua-iam, director-general of the Internal Trade Department, said that the CCP did, however,
Interior Minister Anutin Charnvirakul said today that his Bhumjaithai party will support the government’s loan bill for the digital wallet scheme, if it does not contravene the Constitution. As a member of the coalition government, he said that, although the scheme was initiated by the Pheu Thai party, the success of the scheme should be
Prime Minister Srettha Thavisin announced a new set of guidelines today for the controversial digital wallet scheme, under which all Thais who are 16 or older, who have a monthly income of less than Bt70,000 and bank deposits not exceeding Bt500,000, will be eligible for the 10,000 baht one-time cash benefit, expected to be distributed
Move Forward party-list MP and deputy leader Sirikanya Tansakul said today that the government’s decision to procure loans to fund the digital wallet scheme is risky, because it may violate the Constitution and the Fiscal Discipline Act. Responding to Prime Minister Srettha Thavisin’s announcement of new guidelines for the scheme, she said that the government
Beijing, China – China’s annual “Singles Day” sales bonanza wraps up at midnight on Saturday, but consumers this year appear largely unswayed by its flashy deals and discounts as the world’s second-largest economy slows. Conceived by tech giant Alibaba, “Singles Day” — which this year spanned well over a week — was launched in 2009 and
PM Srettha Thavisin will hold a press conference this afternoon to reveal what he called the “full package” of information on the digital wallet scheme, which his party promised to roll out as part of their election manifesto. This morning, Srettha chaired a meeting about the scheme at Government House. He also explained why he
For the first time, the Bangkok Mass Transit System Public Company (BTSC), operator of the Green Line sky train service, is expected to charge passengers for the use of the two extensions, between Mor Chit and Khu Khot and between Bearing and Kheha, in late December or January, said an informed source in the Transport
The Thai Bankers Association (TBA) has offered an assurance that their mobile banking applications are secure and safe. This assurance was in response to news of the arrest of a programmer, who claimed to have developed software that can transfer money and unlock facial recognition features within banking applications, making it possible to bypass biometric
The Thai government has been courting Saudi Arabia for investment in the production of electric vehicles (EVs) in Thailand, to achieve its goal of becoming the EV production hub in the ASEAN region. According to Narit Therdsteerasukdi, secretary-general of the Board of Investment (BoI) and secretary of the National Electric Vehicles Policy Board, Saudi Arabia’s
Prime Minister Srettha Thavisin has given the greenlight for pubs and bars in Bangkok, Chiang Mai, Phuket and Chon Buri to stay open until 4am, tentatively from December 15, to promote tourism and increase revenues. Government spokesman Chai Wacharonke told the media that the government has carefully considered the proposal with security agencies and is
Commerce Minister Phumtham Wechayachai has assured representatives of sugarcane growers that his ministry is ready to remove sugar from the list of price-controlled products, if there is consent from all stakeholders. The Central Committee on the Prices of Goods and Services (CCPGS) has issued an announcement adding sugar to the list of controlled products, after
