Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
The Thai private sector believes that the country’s economy is likely to expand by between 3.0% and 3.5% this year, if the new government, expected to be formed within September, immediately rolls out economic stimulus packages, according to Sanan Angubolkul, chairman of the Thai Chamber of Commerce and the Board of Trade. He cited the
A good relationship with the Cambodian government would be a prerequisite for the resumption of negotiations on overlapping claims to natural gas resources in the Gulf of Thailand, experts said, but warned of a return to a cold conflict if there were mutual reservations. The dividends of a diplomatic bonhomie would be high, as together
Thai Airways International (THAI) is expected to exit the court sanctioned rehabilitation plan three months ahead of schedule, in the middle of next year, as the airline’s performance has been improving steadily, in line with tourism recovery, according to CEO Chai Eamsiri. THAI and its subsidiary, Thai Smile Airways, have made money four quarters in
Seoul : Tens of thousands of scouts are set to gather for a massive K-pop festival in Seoul on Friday, as South Korea seeks to salvage a problem-plagued jamboree with “the power of Korean culture”. But even as the government throws millions of dollars in emergency funding into fixing an event that has been a
Amid sliding exports and the sluggish world economy, tourism is playing a key role in shoring up Thailand’s economy. The tourism industry has generated 1.1 trillion baht revenue for the country in the first seven months of the year, 638.2 billion baht coming from spending by foreign tourists, deputy government spokesperson Traisuree Traisaranakul said recently.
Delay in the formation of the new government has caused the Tourism Council of Thailand (TCT) to adjust its estimate of tourist arrivals this year down to 28 million, from 30 million, which will reduce estimated tourism revenue by about 100 billion, said TCT chairman Chamnan Srisawat. He attributed the anticipated revenue shortfall to the
Thailand’s inflation rate is the lowest among the seven ASEAN countries which have already announced their rates, with inflation for the whole year expected to range between 1% and 2%, according to Poonpong Naiyanapakorn, director of the Commerce Ministry’s Trade Policy and Strategy Office. Based on information from June, he said Thailand’s low inflation rate
Thailand is due to hold the 5th Indo-Pacific Economic Framework’s (IPEF) Negotiation Round, from September 10-16, according to an informed source. Thailand is one of the 14 founding signatories to the IPEF, which was launched last year in Tokyo by President Joe Biden and Japanese Prime Minister Fumio Kishida. The IPEF comprises four pillars: trade,
South Korea has spent billions of dollars on policies to boost its birth rate. But when Kim Kyu-jin and her wife wanted to have a baby, they had to fly to Belgium. Legally, South Korea considers Kim single, despite her 2019 wedding — ceremony in Seoul, legal registration in New York City — because the
The government has recently issued a new ministerial regulation, requiring all mega projects to undergo a strategic environmental assessment (SEA), on top of the existing environmental impact assessment (EIA) and health impact assessment (HIA), to avoid friction developing between the state or private investors and the people. Under a PM Office ministerial regulation, a 13-member
The Bangkok Metropolitan Administration will revoke the construction permit for the luxury Ashton Asoke condominium in Bangkok’s Sukhumvit area, as ordered by the Supreme Administrative Court, but the owner can apply for a new permit. Deputy Bangkok Governor Wisanu Subsompon said that, according to procedure, following a ruling by the Supreme Administrative Court, the city
Thailand could face a “lost year” if the country delays the process of forming a new government until May next year, according to Assoc. Prof. Dr. Thanavath Phonvichai, the president of the University of the Thai Chamber of Commerce (UTCC). “Lost year” is a term coined to refer to a long period of sluggish economic
