Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
The latest populist promise by the Pheu Thai Party of digital currency handouts has stirred a hot debate on the policy platforms of parties contesting the May 14 general election. Pheu Thai executives pledged to offer everyone aged 16 years and above 10,000 baht via a digital wallet if the party wins the election
World food prices are still high but have fallen by a fifth compared to a year ago when prices soared to a monthly record high after Russia invaded agricultural powerhouse Ukraine, UN data showed on Friday. Prices have fallen 20.5 percent since March last year after a 12th straight monthly drop, the Food and Agriculture
A continued slowdown in almost all the world’s advanced economies is expected to drag global growth below three percent this year, the International Monetary Fund’s managing director warned on Thursday. “With rising geopolitical tensions, with inflation still running high, a robust recovery remains elusive,” Kristalina Georgieva said in a speech ahead of the IMF and
This year’s Songkran is set to be the most lively since Thailand began living with the COVID-19 pandemic three years ago, with total spending among Thai and foreign revellers estimated to be about 125 billion baht, according to the Centre for Economic and Business Forecasting (CEBF) of the Thai Chamber of Commerce University (TCCU). TCCU
The Asian Development Bank raised its 2023 growth forecast for developing Asia on Tuesday, after China’s abrupt loosening of Covid-19 restrictions and reopening of its borders brightened the region’s prospects. The Philippines-based lender expects economic growth of 4.8 percent this year, up from its 4.6 percent projection in December. That compares with growth of 4.2
The UK’s announcement that it will soon join 11 other countries in a major Asia-Pacific trade partnership — the country’s biggest post-Brexit trade deal to date — earned a mixed reception on Friday. Britain will be the first new member since the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) was created in 2018, and
Bank customers who want to transfer more than 50,000 baht electronically from their bank accounts are required to have their faces scanned to confirm their banking transactions, under a new set of measures imposed by the Bank of Thailand to protect bank customers from online thieves. Bank of Thailand Governor Sethaput Suthiwartnarueput has issued an
AI is not going to seize our jobs as many dread, but it surely is going to transform the future of jobs. However, we, humans, possess qualities that AI still could not replace: judgment, logic and empathy, so there are things we can do to catch up with the future jobs trend. Nowadays, technology has
The majority of developing nations are set to miss out on the economic benefits of booming green technologies, slowing progress toward their climate goals and widening the inequality gap between rich and poor countries, a United Nations report warned Thursday. The U.N.’s agency for trade and development, or UNCTAD, said that unless the international community
The Thai cabinet decided today (Tuesday) to extend the 5-baht/litre excise tax cut on diesel fuel, from May 21st until July 20th, to ease the burden on the public and businesses and to stimulate the economy. Finance Minister Arkhom Termpittayapaisith said that the cabinet’s decision is intended to prevent the retail price of diesel from
In 2016, Vice President Joe Biden warned against efforts to unravel banking regulations that Democrats had fought to implement following the nation’s financial crisis, just as the emerging Trump administration was determined to loosen those strict banking rules. Biden argued that without the far-reaching 2010 banking overhaul known as Dodd-Frank, financial institutions would continue to
Thailand’s commercial banks and other financial institutions have not been affected by the recent failures the US’s Silicon Valley Bank and New York-based Signature Bank in the past week, Deputy Government Spokesperson Traisuree Traisoranakul said today (Monday). She disclosed that Prime Minister Prayut Chan-o-cha has, however, ordered the government’s economic team to monitor the situation
