Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
Bank of Thailand Governor Sethaput Suthiwartnarueput has suggested that the “digital wallet” scheme should target certain people, instead of all Thais who are 16 and older, while debt a moratorium for all indebted farmers should also be selective. He explained that not everyone who is eligible for the 10,000 baht under the digital wallet scheme
The Cabinet decided today (Wednesday) to retain the 7% value-added tax (VAT) rate on goods and services until September 30, 2024, to stimulate economic recovery through spending on consumer products and services. Keeping it at 7% will be a relief for consumers and businesses alike, who were worried that VAT might rise to 10%, which
Energy Minister Pirapan Salirathavibhaga has given his assurance that his ministry will work with the Commerce Ministry to reduce the marketing fee for gasoline (benzine) to two instead of three baht/litre, primarily to help cabbies and motorcycle taxi drivers. Yesterday (Wednesday), the cabinet decided to cut the excise tax on diesel to 2.50 baht/litre, effective
Thailand will grant visa exemption to Chinese and Kazakhstani tourists, starting on September 25, in an effort to boost arrivals over the yearend, said PM Srettha Thavisin on Wednesday. The arrivals of Chinese tourists during the first seven months of this year have fallen short of target. Speaking after chairing his first cabinet meeting, Srettha
The Cabinet decided today (Wednesday) to cut the price of electricity from Bt4.45 to Bt4.10 per unit, effective from September’s billing cycled, Prime Minister Srettha Thavisin told the media after his first cabinet meeting. The cabinet also decided to cut the pump price of diesel to under Bt30 per litre, effective from September 20, he
Deputy Finance Minister Julapun Amornvivat has defended Pheu Thai’s digital wallet scheme, claiming that it is intended to stimulate the grass root economy and develop digital economy infrastructure through the use of a blockchain platform. Speaking during the debate on government’s policy statement today (Monday), Julapun assured parliament that the government will adhere to fiscal
Transport Minister Suriya Juangroongruangkit offered his assurance today (Wednesday) that the 20-baht train fare for all mass transit systems in greater Bangkok will be implemented, but it may take about two years, as the government will have to negotiate with all the system operators. Suriya said that the government is committed to a 20-baht flat-rate
Prime Minister Srettha Thavisin said today (Wednesday) that he will attend the United Nations General Assembly in the US this month and expects to meet international business leaders while he is there. The 78th UNGA meeting will be held between September 18 and 26 in New York. The Foreign Ministry is preparing the list of country leaders
Nobel Laureate Professor Muhammad Yunus, the iconic advocate for social entrepreneurship and micro finance, was recently in Bangkok to inaugurate the Yunus Centre in Thailand. With his profound influence on global social business and technology, Professor Yunus continues to inspire change-makers worldwide. In this exclusive interview, Nattha Komolvadhin delves into Yunus’s perspectives on technology, the younger
Renowned Nobel Laureate, Professor Muhammad Yunus, has been in Bangkok for the launch of the Yunus Centre in Thailand. His advocacy for social business, coupled with harnessing the potential of technology, has inspired minds globally. Thai PBS World’s Director engages in a conversation with Prof. Yunus and delves into his strong beliefs in technology, the
The Thai government is likely to introduce visa exemption for Chinese tourists in an effort to boost arrivals over yearend, as arrivals during the first seven months of this year have fallen short of target. The Ministry of Tourism and Sports estimates that between 5 and 7 million Chinese tourists would have visited Thailand from
The Bangkok Metropolitan Administration (BMA) will seek a meeting with the new government to discuss cooperation on issues of public interest, problems in the city as well as projects proposed by the city’s administration. Bangkok Governor Chadchart Sittipunt said today (Sunday) that the BMA has prepared a list of issues for the discussion, including the
