Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
Thailand’s Department of Rail Transport will seek approval from the new government for the implementation of four train projects, with a total estimated investment of 63.4 billion baht investment. According to Pichet Kunadhamraks, the director-general of the department, the four train lines are: The Red Line train between Rangsit and Thammasat University, Rangsit campus, which
The prices of new houses and condominium units in and around Bangkok have steadily been risen in the past two quarters of the year, due to higher land prices, increasing prices of construction materials and higher labour costs, according to Wichai Wiratkaphan, acting director of the Real Estate Information Centre of the Government Housing Bank.
Household debt in Thailand has climbed to an average of 559,408 baht per household, an increase of 11% compared to last year, due to slow economic recovery, the COVID19 pandemic, political conflict and geopolitical issues. The Bank of Thailand is implementing measures to tackle the debt problem, adding that there is an urgent need for
Diplomatic relations between Saudi Arabia and Thailand were re-established in 2022, ending several decades of rift between the two countries. This led to growing economic cooperation. Thai entrepreneurs had been eager to do business with Saudi Arabia for a long time and the opportunity that the normalisation of relations provided led to some entrepreneurs becoming
Most business leaders in Thailand are concerned that the delay in the formation of a new government and post-election political conflicts will impact the Thai economy during the second half of the year and discourage investors, said Montri Mahaplerkpong, vice chairman of the Federation of Thai Industries (FTI), today (Thursday). Worse still, if the conflicts
Thailand’s exports have contracted for nine months in a row, but are expected to rebound during the second half of this year, with export growth of 1-2% for the whole year, according to Keerati Rushchano, permanent secretary of the Ministry of Commerce. Exports in June alone fell 6.4%, to about US$24.83 billion, compared to the
The Pheu Thai Party’s economic platform is back in focus now that it has been tasked with the responsibility of forming the next government. Pheu Thai, which has the second highest number of seats in the House of Representatives, finds itself in the driver’s seat after coalition leader Move Forward failed to get its candidate
About 40% of Thai people are most concerned about their financial problems, spending, political uncertainty and corruption, according to a survey conducted in 30 countries by Ipsos, a market research company, called “What Worries the World – What Worries Thailand”. 39% of Thais are worried about poverty, inequality and social problems, while 29% are concerned
Three leaders of Thailand’s private sector are urging the speedy formation of a new government, insisting that the country, particularly the national economy, cannot afford to wait up to ten months. Kriangkrai Thiennukul, chairman of the Federation of Thai Industries, said today (Wednesday) that the private sector had set August as the acceptable deadline for
The International Monetary Fund has slightly upgraded its outlook for global growth this year on the back of resilient service sector activity in the first quarter and a strong labor market, the lender said Tuesday. But despite the mildly better economic outlook, global growth is expected to slow to three percent this year and then
Several of Thailand’s business leaders are expressing concern over political instability. A new government has still not been formed since the general election in May. The business community is asking for stability in politics, claiming that continuation of the current impasse could destroy the confidence of foreign investors. Two months after the election it remains
The Finance Ministry has collected about 1.95 trillion baht in total revenues during the first nine months of the 2023 fiscal year, beginning last October, which is 136 billion baht more than the target, according to Pornchai Thiraveja, director-general of the Fiscal Policy Office and spokesman for the Finance Ministry. The Revenue Department has collected
