Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
Thailand’s National Energy Policy Committee (NEPC) has decided to increase the retail price of liquefied petroleum gas (LPG) in March by 15 baht, to 423 baht for a 15kg cylinder, Energy Minister Supattanapong Punmeechaow said today (Friday). The committee did, however, agree to freeze the retail price of LPG for February at 408 baht for
The Thai cabinet has decided to extend the excise tax cut on diesel fuel for an additional four months, to ease the financial burden on the private sector and the public. Acting Government Spokesman Anucha Burapachaisri said that the excise tax reduction of 5 baht/litre has been in effect since last February and was scheduled
China’s economy hit a bump in the fourth quarter, growing by 2.9% year-on-year, National Bureau of Statistics data showed on Tuesday, beating expectations but still underlining the toll exacted by a stringent “zero-COVID” policy. Gross domestic product (GDP) had been forecast to expand 1.8% from a year earlier, according to a Reuters poll of analysts,
Food companies making big profits as inflation has surged should face windfall taxes to help cut global inequality, anti-poverty group Oxfam said Monday as the World Economic Forum’s annual meeting gets underway. That’s one of the ideas in a report by Oxfam International, which has sought for a decade to highlight inequality at the conclave
The acquisition of Esso (Thailand) Public Company will make Bangchak Corporation Public Company (BCP) the oil company with the second largest market share in Thailand, 29.1%, behind PTT Public Company’s 39%. According to BCP, the takeover deal, which was concluded on Wednesday between BCP and ExxonMobil, the parent company of Esso (Thailand) Pcl, will increase
Countries have yet to see the full impact of tightening financial conditions, IMF chief Kristalina Georgieva said Thursday, warning that central banks have some way to go in their inflation battle. Global growth is expected to slow further this year, as central banks including the US Federal Reserve have raised interest rates to cool surging
Three companies are qualified to join the bidding for satellite orbital slot packages, to be held by the National Broadcasting and Telecommunications Commission (NBTC) on January 15th, with a mock auction to be held the day before. The companies are the Space Tech Innovation Company, the state-owned National Telecommunications Public Company and Prom Technical Services
The global economy will come “perilously close” to a recession this year, led by weaker growth in all the world’s top economies — the United States, Europe and China, the World Bank warned on Tuesday. In an annual report, the World Bank, which lends money to poorer countries for development projects, said it had slashed
Dell Technologies Inc plans to stop using China-made chips by 2024 and has told suppliers to reduce the amount of other made-in-China components in its products amid concerns over U.S.-Beijing tensions, Nikkei reported on Thursday. The computer maker told suppliers late last year that it aims to meaningfully lower the amount of China-made chips it uses, including
Amazon.com Inc’s layoffs will now increase to more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note on Wednesday. The layoff decisions, which Amazon will communicate starting Jan. 18, will largely impact the company’s e-commerce and human-resources organizations, he said. The cuts amount to 6% of
The ongoing Covid-19 pandemic has been tough on small- and medium-sized enterprises, which are the backbone of Thailand’s economic growth and development. Increased digital transformation, changes in customer behaviour, restrictions on travel, limited operations of retail outlets and restaurants, and inflation, to name but a few, caused a number of businesses to shut down. Now,
Thailand’s real estate sector did not fully recover in 2022 due mainly to the economic decline and the impacts of the Russia-Ukraine war as well as higher inflation and interest rates. But while the expected recovery did not happen, the overall outlook gives new hope for 2023. The improved CCI (Consumer Confidence Index), which has
