Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
The directors-general of the Treasury and Comptroller-General departments are suspected of involvement in insider trading, in violation of the code of conduct of the Finance Ministry, in connection with the purchase and sale of the shares in Bangchak Corporation. The suspicion was raised by the Securities and Exchange Commission (SEC) in a report to the
Three of Thailand’s business, banking and capital market gurus are optimistic about the country’s improved economic performance this year, with a tourism boom, increased foreign investment and exports, which will drive the growth rate to 3.8%. Sanan Angubolkul, chairman of the Thai Chamber of Commerce, told a seminar on Wednesday that he expects as many
A large number of people in Thailand’s middle-class and lower-income groups have been trapped in a dream of becoming rich overnight by winning a big lottery prize. The Government Lottery Office (GLO) holds its draw twice a month — on the 1st and the 16th — and issues 100 million tickets for each round. For
Youtubers, social media influencers and online vendors are to be taxed on advertising revenue, sales of merchandise or donations earned through their channels, according to Lawaron Saengsanit, director-general of Revenue Department. He said that the Revenue Department is to include these individuals in the tax system after it has succeeded in bringing over 200,000 people
As the general election approaches, rival political parties have unveiled their policy pledges designed to lure voters. Parties usually make promises that could make an immediate impact, without taking into account the long-term ramifications. One of the controversial proposals is by the Chart Pattana Kla Party, which has promised to erase the debt repayment records
Thailand’s Fuel Fund Executive Committee has decided to cut the retail price of diesel fuel by 50 satang/litre, the first time in seven months, effective February 15th. Wisak Watanasap, director of the Oil Fuel Fund Office, said today (Thursday) that the reduction will bring the pump price of diesel to 34.50 baht/litre, which is the
Thailand was shocked recently by reports of online fraud victims claiming that hackers had secured access to their personal information through their charging cables, and used the stolen information to illegally transfer money out of their bank accounts. How to avoid online attacks After consulting with the Thai Bankers’ Association, the Bank of Thailand (BOT)
The International Monetary Fund on Tuesday raised its 2023 global growth outlook slightly due to “surprisingly resilient” demand in the United States and Europe, an easing of energy costs and the reopening of China‘s economy after Beijing abandoned its strict COVID-19 restrictions. The IMF said global growth would still fall to 2.9% in 2023 from 3.4% in 2022, but its latest World Economic Outlook forecasts mark an improvement over an October
Working in a hotel used to be considered an attractive career as not only was the job itself interesting but the monthly salary was relatively decent and there were other benefits too. But the Covid-19 pandemic changed all that and now hotel operators are having to work harder than ever before to recruit staff as
Thailand’s tourism industry has welcomed the news that the Chinese government is allowing the group tour market to resume after a hiatus of almost three years. The Chinese tourists will be able to visit 20 countries including Thailand, a blessing for the hospitality industry which stands to benefit from the return of a significant increase
The Bank of Thailand’s Monetary Policy Committee agreed unanimously on Wednesday to raise the key interest rate by 25 basis points, to 1.50%, with immediate effect. The central bank said in its statement that the Thai economy is continuing to recover, thanks to private sector consumption and the Chinese government allowing its citizens to travel
Elon Musk told jurors on Monday he was sure he had locked up financial support from Saudi investors in 2018 to take his electric car maker Tesla Inc private, and could even have used his stake in rocket company SpaceX to fund a buyout. At a trial in San Francisco federal court, the billionaire, who said
