Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
The government should launch the digital wallet scheme next April, because the Thai economy will need an injection of cash for economic stimulation, otherwise it will be too late, said Sanan Angubolkul, president of the Thai Chamber of Commerce and Board of Trade. He also said that the war between Israel and Hamas is a
The Thai government has agreed to extend the 100,000 baht per car subsidy for buyers of electric vehicles (EVs) until 2027, to promote the production and use of EVs in the country. The government also agreed to cut the import duty charged on completely-built up (CBU) EVs by up to 40% for 2024 and 2025
At this week’s Cabinet meeting, a proposal from the Commerce Ministry to add sugar to the list of price controlled goods, was approved, Prime Minister Srettha Thavisin told reporters today after chairing the meeting. The list of price controlled goods comes under the 1999 Prices of Goods and Services Act. The decision will take effect
Disbursement of the Bt10,000 digital money under the “digital wallet” scheme may be delayed until next September, said Pichai Chunhavajira, an advisor to Prime Minister Srettha Thavisin. He added the “pao tang” application will be used instead of developing a new application for distribution of the money, Speaking at a forum on “Various Opinions on
The Cabinet agreed on Tuesday to exempt tourists from India and Taiwan from requiring an entry visa to say in Thailand for up to 30 days, effective from November 10 until May 10. Currently, arrivals from 59 countries can enter Thailand without an entry visa. Recently, the cabinet agreed to grant visa exemptions for tourists from
In a world driven by the pursuit of economic growth, the absence of nature from the global economic mechanism has, to a large extent, remained unnoticed. A call for change is, nevertheless, ringing loud, as a concept known as “ecological economics” gains momentum. In an interview with Thai PBS World, Professor Sir Partha Sarathi Dasgupta,
Thailand’s Supreme Administrative Court reversed the ruling of the Central Administrative Court today (Monday), rejecting the suit filed by the Foundation for Consumers, demanding the revocation of a resolution of the National Broadcasting and Telecommunications Commission acknowledging the merger between True Corporation and Total Access Communication (DTAC). As a result of the ruling, the Central
The Bank of Thailand (BoT) is considering four measures to reduce Thailand’s household debt to about 80% of gross domestic product (GDP), down from the current 90.7%, according to Ronadol Numnonda, deputy governor for financial institution stability at the BoT. He attributed the increase in public debt to a series of crises in the last
Prime Minister Srettha Thavisin will endeavour to promote Thailand’s ambitious land bridge mega project at APEC 2023 in the United States, between November 12th and 18th, and during the ASEAN-Japan Commemorative Summit in Japan, between December 14th and 17th. The project will link a port on Thailand’s east coast, on the Gulf, with a port
The government under Prime Minister Srettha Thavisin has proposed an adjustment to the negotiation strategy with Cambodia on the overlapping claims areas (OCA) in the Gulf of Thailand, according to government officials. The tweaking of the framework of the Thailand-Cambodia 2001 Memorandum of Understanding (MoU) aims to speed up talks to reach an agreement on
The Finance Ministry’s Fiscal Policy Office has decided to reduce its Thai economic growth forecast for 2023, from 3.5% to 2.7%, due to the tourism slowdown and export contraction. Pornchai Thiraveja, director-general of office, said today (Friday) that the reduction is in line with the 2.7% growth projection by the International Monetary Fund and the
The Ministry of Labour is considering raising minimum wages, which currently range from 328-354 baht per day, to a maximum of 400 baht, according to Labour Minister Phiphat Ratchakitprakarn. He said today (Thursday) that by how much wages will be increased depends on the economic situation and inflation in each province, but the maximum should
