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’s first overseas mission, to the United Nations General Assembly, was regarded at home as a success only in business aspects, but a failure in terms of the environment and human rights, notably the role of his government in solving the crisis in Myanmar. Srettha led a Thai delegation to New York
The Cabinet has agreed to provide a 12-month debt moratorium, from October 1, to 2.698 million farmers who owe a maximum of Bt300,000 across all their loan contracts with the Bank of Agriculture and Agricultural Cooperatives (BAAC). Deputy Finance Minister Julapun Amornvivat said on Tuesday that any indebted farmers who are customers of the BAAC
As the Srettha government is busy trying to revive the Thai economy, it is also facing a long-term dual challenge of keeping pace with digitalisation and the energy transition necessary for establishing sustainable supply chains to achieve net-zero emissions, according to a Thai blockchain leader. In a recent interview with Thai PBS, CEO and founder
Thai exports for the month of August rebounded by 2.6% year on year for the first time in 11 months, during which exports dropped continuously, Kirati Ratchano, permanent secretary of commerce, said today (Tuesday). Exports for August were worth about 8.25 billion baht (US$24,279.6 million), which is seen as a good sign after exports fell
Move Forward party deputy leader Sirikanya Tansakul claimed today (Monday) that the money to fund the government’s 560-billion baht digital wallet scheme will be come in the form of loans from the Government Savings Bank (GSB). In her Facebook post today, the party-list MP claims she has found the answer to the big puzzle about
To boost bilateral trade and communications between Thailand and Cambodia, Sa Kaeo authorities have asked for the opening of a permanent checkpoint, linking Sa Kaeo province with Banteay Meanchey of Cambodia. The request was made during a visit by Deputy Prime Minister Parnpree Bahiddha-Nukara who is also foreign minister to Sa Kaeo on Monday. Parnpree
As the Srettha government begins implementing its stimulus packages, aimed at revitalising Thailand’s economy, members of the foreign business community here have reiterated their call for political stability and regulatory transparency, which they see as essential in attracting investment. The much-publicised “digital wallet” scheme has received their support, but that comes with advice for caution,
Foreign multi-national companies are now less worried about investing in Thailand, except for some legal issues which need to be addressed to facilitate investment, claimed Prime Minister Srettha Thavisin upon his return from his four-day visit to the United States, to attend the United Nations General Assembly. He told a news conference today (Sunday) that
At the first meeting of the Cabinet on September 13, the new government announced a debt moratorium policy for farmers and small businesses. It was a common refrain of many political parties during the campaign for the May 14 general election as they went all-out to woo voters. Critics have long suspected political expediency rather
For millions of Chinese tourists, Thailand used to be a happy land of water fights, lantern festivals and delicious food. But thanks to social media rumours and a blockbuster movie, the kingdom’s image among many Chinese people is now one of dangerous illegality and seedy scam border compounds — leaving visitor numbers plummeting. Thailand is
Deputy Prime Minister Phumtham Wechayachai has welcomed Srettha Thavisin’s idea of having convicted former prime minister Thaksin Shinawatra act as an advisor, once he completes serving time in prison. “Thaksin could be assigned as the prime minister’s chief advisor. My understanding is that Srettha wishes to learn from Thaksin’s experience and capabilities,” said Phumtham, who
The State Railways of Thailand (SRT) board agreed yesterday (Thursday) to cut the fare on the Taling Chan-Bang Sue-Rangsit Red Line train service to 20 baht, from a maximum of Bt42, tentatively by the New Year. SRT Governor Nirut Maneephan said today that the fare reduction will cost the SRT about 80 million baht in
