Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
House prices in Thailand are expected to increase towards the end of this year due to the rising costs of construction materials and land, as well as the anticipated minimum wage increase promised by most parties during the election campaigning, according to Vichai Wiratkaphan, acting director of the Real Estate Information Centre (REIC) of the
Most of the major political parties campaigning for the general election on May 14 are focusing heavily on reaching out to voters through populist platforms, such as cash handouts, farm and energy subsidies and short-term measures to deal with issues requiring immediate attention. Thailand’s public sector has long been criticized for being oversized as well
The Thai cabinet approved the allocation of 10.464 billion baht from the Central Fund today (Tuesday), to subsidise electricity charges for 18.32 million households from May through August and for another 23.4 million households in May as an emergency measure. The proposal to fund the program will be resubmitted to the Election Commission (EC) for
The world’s population is getting older. And Thailand is among the fastest-aging societies in the world. Of its 67 million population, more than 12 million Thais are elderly, according to the Department of Older Persons, Ministry of Social Development and Human Security, with the majority of them in the 60-69 group. Japan became the world’
Travel experiences in Asia Pacific have returned to rapid growth since the region reopened borders for regional and long-haul travel. However, the industry – especially tour activities and attractions – is expected to surpass the pre-pandemic peak in 2025, according to research conducted by Arival Co. The company released its new research findings ahead of
Security guard Nopporn Net-aram does not expect much on Labor Day, marked on May 1 every year. Nor does he have high hopes of the May 14 election. “I always work on Labor Day,” the 53-year-old said. “I don’t get paid anything extra for working on this public holiday. I just get paid the normal
The agriculture sector has always held an important place in Thailand, even though the country’s agricultural output accounts for less than 10 percent of gross domestic product (GDP). The sector’s importance lies in the fact that it employed 12.2 million people, representing about 30 percent of the country’s labour force as of the fourth quarter of
Thailand’s Industrial Sentiment Index (TISI) was at its highest for a decade in March, boosted by a rebound in domestic demand, production increases and improved performance, with the exception of production costs, said Government Spokesman Anucha Burapachaisri on Sunday. The index rose to 97.8 points in March, up from 94.1 points and 96.8 points in
Thailand, Vietnam and India are the Asian countries which have most improved their ranking over the past year in the list of the best countries in which to do business assessment by the Economist Intelligence Unit (EIU). The business environment report measures the attractiveness of the business environment in 82 countries on a quarterly basis,
Global shares rose on Thursday, while the dollar held near two-month lows after U.S. inflation data suggested the Federal Reserve may soon be finished raising interest rates, which in turn kept gold above $2,000 an ounce. The euro EUR=EBS hit a 2-1/2 month high at $1.103. Investors are positive on Europe, where blue-chip stocks .STOXX50
PTT and Bangchak have announced that they will not increase fuel prices at their gas stations nationwide for one week, while people travel during the Songkran festival, to negate concerns that they may have to pay more for fuel if global oil prices go up during the period. The two oil companies assure that they
The International Monetary Fund slightly lowered its outlook for the global economy on Tuesday, while predicting that most countries will avoid a recession this year despite economic worries and geopolitical strains. Concerns over high inflation, rising geopolitical tensions and financial stability hang over the updated forecasts, with the impact of the war in Ukraine continuing
