Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
Thailand’s Energy Permanent Secretary Prasert Sinsukprasert is scheduled to hold a meeting with relevant agencies on Thursday to issue contingency plans to cope with fluctuations in global oil prices, in the light of the ongoing war between Israel and Hamas. Prasert reportedly said he that is concerned that global oil prices will be affected if
Prime Minister Srettha Thavisin has reiterated the government’s determination to launch the digital wallet scheme early next year as promised, despite protests from a group of 99 economics professors, including two former governors of the Bank of Thailand. Asked about the digital wallet by a chief monk of Kham Khuean Kaeo district of Yasothon, during
The government’s 3-year debt moratorium program for indebted farmers will relieve the pain for only a limited time, but will not actually resolve the debt problem, which is structural and rooted in the inequitable distribution of income from farm produce, according to TTB Analytics of the TMB Thanachart Bank. For example, the selling price of
Thailand’s Inflation rate for September has fallen to 0.30%, from 0.88% in August, and inflation for the whole year is expected to be 1.35%, thanks to energy and food price reductions. According to Poonpong Naiyanapakorn, director of the Office of Trade Policy and Strategy of the Commerce Ministry, the prices of numerous food items and
Foreign Minister Parnpree Bahiddha-Nukara said Wednesday that the Srettha government is committed to pursuing economic diplomacy that will enhance Thailand’s bargaining power and create equilibrium in its relationship with other countries. It will also help with economic diversification through greater support for the green economy, digitalization and sustainable agriculture to create new job opportunities, he
Leading members of the Thai Rice Exporters’ Association are seeking a meeting with Commerce Minister Phumtham Wechayachai, to discuss Thai rice exports and Thai rice’s competitiveness on the global market, after Thailand was recently pushed to the world’s third largest rice exporter by Vietnam. Despite its recent ban on rice exports, India remains in the
Thailand is expected to finalise free trade agreements (FTAs) with the European Free Trade Association (EFTA), Sri Lanka and the United Arab Emirates (UAE) in the second and third quarters of next year, which will increase trade volume between Thailand and the three export markets by about US$31 billion, or one trillion baht, annually. Auramon
Small spaces for growing vegetables are on the rise around Bangkok as more city dwellers realise that this modest activity helps to add money to their wallets and reduces their daily expenses. In fact, city farming has become a global trend, according to Ply Pirom, Sustainable Consumption and Production Project Manager at WWF Thailand, which
The government is giving more importance to water resource management than to the high-speed train project, to ensure that there is sufficient water to meet the demands of the industrial sector, especially in the eastern region, said PM Srettha Thavisin on Friday. Water resource management must be improved, to convince investors that there is a
Thai private business operators are urging the government to speed up the finalisation of free trade agreements (FTA) with more countries to boost Thai exports, which fell for ten straight months until a rebound by 2.6% year on year last month. They also call on the government to remove obstacles to facilitate cross-border trade with
The Bank of Thailand’s monetary policy committee unanimously voted to raise the policy rate by 25 basis points, to 2.5%, with immediate effect today (Wednesday). According to Piti Disyatat, secretary of the committee, the Thai economy overall continues to recover this year, although at a slow pace due to soft external demand, but growth should
Former Thai finance minister, Thirachai Puvanatnaranubala, has questioned claims by the Srettha government that the much-publicised digital wallet scheme will help Thailand achieve a 5% growth in GDP next year and urged it to focus more on the supply side. He said he doubts that the scheme will increase the competitiveness of the Thai economy
