Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
It has become a trend in China as well as in Taiwan, where a large number of young people flock to buy electric wheelchairs to facilitate mobility and prioritize many services. Videos circulating on social media show dozens of healthy young people driving electric wheelchairs on the street. A Taiwanese company, Nanmee Freerider, specializing in
Thai people are burdened with high household debt. For many of them, the burden starts early and can last a lifetime. Some young adults, in particular, have racked up massive credit card debt and do not have the ability to pay it off. The Thai workforce is also struggling with rising debt, with their debt levels
While accommodating potential Olympic visitors is one topic to fret about 12 months ahead of the Paris Games, there are also concerns that the sports showpiece could exacerbate existing issues for one of the world’s most popular tourist destinations. The Ile de France region, which includes historic suburbs such as Seine-Saint-Denis, home of the main
The Thai private sector is ready to work with the new government, but it does not expect the administration to be in place until August or September, according to Sanan Angubolkul, chairman of the Thai Chamber of Commerce and Board of Trade. He said that, at this stage, it remains unclear what the government will
The Asian Development Bank cut its inflation forecast for developing Asia on Wednesday, as food and fuel prices eased, supply chain disruptions waned and interest rate hikes started to bite. Inflation, which has squeezed household budgets and left millions of poor households struggling to put food on the table, is heading back towards pre-Covid levels,
The new head of the World Bank said Tuesday that growing divides between rich and poor nations risked deepening poverty in the developing world, at a meeting of G20 finance ministers in India. Many countries are still recovering from the double blow of the coronavirus pandemic and fallout from Russia’s war in Ukraine — which
Language barriers and cultural differences remain major obstacles to globalised trade, in a world that might not be as interconnected and integrated as we think. While cultural and linguistic diversity is what makes the world vibrant, it can also complicate communication. That is why Stuart Jay Raj, Managing Director of global tech firm NFQ’s Thailand
Delay in the formation of the new government will impact the disbursement of the 2024 national budget, especially investment in new mega projects, which may not be launched, according to Chayawadee Chai-anant, assistant governor for Corporate Relations Group of the Bank of Thailand. She admits that the current political situation in Thailand is difficult to
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has proposed two ways by which the government could cut the FT (fuel tariff) on electricity charges for the September-December period, claiming that global energy prices have been steadily falling, while domestic liquefied natural gas (LNG) supply has increased. In a letter addressed to Prime
From October, France will pay a bonus to encourage people to have their clothes and shoes repaired rather than throwing them away, the government said. The move aims to cut down on the 700,000 tonnes of clothes thrown away by French people each year, two-thirds of which ends up in landfills. “From October, consumers will
Consumers will be expected to pay more for chicken eggs after poultry farmers agreed to charge an extra 20 satang per egg, bringing the ex-farm price to 4 baht each effective from Friday. A network of poultry farming cooperatives, which includes the cooperatives in Chachoengsao, Chon Buri, Chiang Mai, Lamphun and the Noi river basin
Thai durian exporters have capitalised on the ASEAN-China free trade agreement (FTA) and the Regional Comprehensive Economic Partnership Agreement (RCEP) by exporting about US$2.8 billion worth of fresh durian to China from January to April this year, a substantial increase of 85.31% over the same period last year, according to the Thai Foreign Trade Department.
