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Economy

Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.

China's rare earths dominance in focus after mineral export curbs

China said on Monday it will impose export restrictions on gallium and germanium products used in computer chips and other components to protect national security interests. The decision, widely seen as retaliation for U.S. curbs on sales of technologies to China, raised concerns that China might eventually limit exports of other materials, notably rare earths, whose production China dominates. In 2010, China restricted exports of rare earths to Japan following

05 Jul 2023

Bangkok is adding new train lines, but the high fares are not helping

Bangkokians are getting more commuting options. The Yellow Line recently began daily trial runs. The route starts from Lat Phrao Road, one of the most congested areas in the city, snakes through Srinakharin Road — another area famous for its traffic bottlenecks — and reaches the terminal station at Samrong in Samut Prakan province, covering a total distance of 30.4

01 Jul 2023

Return of foreign buyers helping property sector to grow

Foreign buyers will fuel growth in Thailand’s property market during the second half of this year but domestic buyers have not fully regained their purchasing power due to unfavourable factors, real estate appraisal and consultancy agencies say. Thailand’s economy has shown signs of improvement thanks to foreign purchasing power, particularly since China’s reopening, and the

30 Jun 2023

Lessons for investors and authorities from Stark accounting scandal

The Stock Exchange of Thailand (SET) Index has been heading south in recent days due to poor market sentiment, partly caused by the accounting scandal at Stark Corporation Public Company Limited, which used to be among 100 largest listed companies in the country. The scandal has taken a toll on confidence in the local financial

29 Jun 2023

Crickets, a future source of protein

Naresuan University, in Thailand’s northern province of Phitsanuloke, has been researching crickets as an alternative source of protein, with a vision that this insect could address a protein shortage in the future. According to a research paper on insect-based functional ingredients for the food industry, by Associate Professor Dr. Kanittha Rutrattanamongkol of the Faculty of

27 Jun 2023

Business Development Dept. confirms iTV still “operational”

The Business Development Department (BDD) has explained that the status of iTV Public Company is “currently operational”, which has no legal definition, but means that it is a corporate entity which was registered in accordance with the Public Company Act. The company has not changed its status, such as entering receivership, going bankrupt, delisting from

16 Jun 2023

Redefines domestic MICE to boost economy

The domestic MICE (Meeting, Incentive, Convention, Exhibition and Event) industry has long played a major role in helping the travel industry and stimulating the economy when international demand has significantly dropped, such as during the Covid-19 pandemic. And now Thailand Convention and Exhibition Bureau (TCEB) is redefining its domestic MICE strategy with the aim of

15 Jun 2023

Economy will be the first casualty of rising political uncertainty

The latest action of Thailand’s Election Commission (EC) to investigate the main prime minister hopeful has heightened political uncertainty in the country with the potential to hurt market sentiment, according to academics and businessmen. Despite dismissing complaints against Pita Limjaroenrat, leader of the Move Forward Party, over his alleged ownership of shares in a media

13 Jun 2023

Foreign investors suggest the new government should focus on long-term plans

Raising the daily minimum wage to 450 baht, as promised in election campaign, addresses the cost of living, being pushed up by electricity, diesel and transportation prices, according to Move Forward party leader, Pita Limjaroenrat. Pita said this policy could result in more disposable income for employees, so they could enhance their skills themselves. Foreign

07 Jun 2023

World Bank urges political stability and urgent reforms for Thailand's long-term growth

Two economists from the World Bank, Ndiame Diop and Hassan Zaman, have stressed the critical need for political stability, urgent reforms and the development of high-value-added sectors in Thailand, to ensure sustainable long-term growth. In an exclusive interview with Nattha Komolvadhin of Thai PBS World, they shared their insights and highlighted the key areas requiring

07 Jun 2023

Thailand’s inflation in May the lowest for 21 months

The rate of inflation in Thailand has dropped for five consecutive months, to 0.53% in May, which is the lowest for 21 months, thanks to the reduction in electricity and fuel prices, according to Wichanun Niwatjinda, deputy director of the Trade Policy and Strategy Office. He said that the prices of non-food and non-drink products

06 Jun 2023

Excise Department to seek more funding for EV subsidy program

Thailand’s Excise Department will propose that the new government provide at least 3 billion baht to subsidise electric vehicles (EV), to encourage people to switch to them to reduce greenhouse emissions, according to Natthakorn Uthensut, an advisor to the Excise Department. The incumbent government has approved 2.9 billion baht from the Central Fund for the

04 Jun 2023
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