Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
The Bank of Thailand’s Monetary Policy Committee decided unanimously today (Wednesday) to raise the key interest rate, with immediate effect, by 0.25% to 1.25%. Piti Disyatat, spokesman for the committee, said that the latest adjustment of the key rate is in line with declining inflation and the steady increase in growth projection rate. The economic
The Thai cabinet decided today (Tuesday) to revoke a law, which has been in force for more than three decades, exempting stock market share trades from financial transaction tax. Finance Minister Arkhom Termpittayapaisith said that the abrogation of the law means that all trading of stocks on the stock market, whether at a profit or
Thailand’s start-up sector may not be so booming due to the ongoing global economic challenges, while many early-stage start-ups suffer a lack of support as they struggle to attract more funding. Techsauce Media’s CEO and Co-founder, Oranuch Lerdsuwankij, revealed on Monday that Thailand’s start-up funding has been increasing in recent years, with a total value
Growers of Chinese cabbage in Chiang Mai Province are seeking help from the government after the ex-farm prices of their produce plunged to only two baht per kilogram, while their costs are estimated at 4-5 baht/kg. One of the growers, Suchon Natehathai of Mae Taeng District, told Thai PBS reporters that he had invested more
The private sector will submit their White Paper to the Thai government, proposing plans for urgent economic development in the country. The White Paper is a summary of proposals discussed at a seminar, entitled “Enhancing Regional Economy”, held over the weekend and involving all provincial chambers of commerce, under the auspices of the Thai Chamber
There is no need for the government to roll out another phase of the 50:50 co-payment scheme, because the Thai economy is recovering, with steady increases in foreign arrivals and consumer purchasing power, said Finance Minister Arkhom Termpittayapaisith at a seminar of chambers of commerce from across the country yesterday (Saturday). He noted that, during
The Public Debt Management Office at the Finance Ministry will offer 60 billion baht in government savings bonds for public subscription, starting on December 7th. Deputy government spokesperson Rachada Dhnadirek said that the “Sukjai Hai Om” (Happy Saver) bonds will be available with a 3-year maturity period, which carry a fixed interest rate of 3%
Domestic car sales in Thailand, in the first ten months of 2022, were 698,305 vehicles, representing a 17.09% increase, compared to the same period last year, according to the Federation of Thai Industries (FTI). 1,496,591 motorcycles were sold, an increase of 13.68% over the same period last year. 800,672 completely-built cars, worth about 497 billion
With Covid-era travel restrictions now relaxed, Thailand is once again underlining its reputation in the medical field by drawing in visitors wanting to benefit from the country’s natural attractions while also taking care of their medical problems. But while visitors are returning, analysts predict the industry will not rebound significantly until 2023 when touristnumbers really
The Thai cabinet approved, in principle, a draft bill today (Tuesday), which seeks to hold businesses accountable for goods sold to consumers which are found to be defective within two years of delivery. Deputy Government Spokesperson Traisuree Traisoranakul said that the draft bill is intended to protect the consumers from being exploited by businesses selling
Bolstered by recovery in the tourism sector, Thailand’s economic growth for the whole of 2022 is forecast to be 3.2%, without further need for major economic stimulus packages, according to the National Economic and Social Development Council (NESDC). NESDC Secretary-General Danucha Pichayanan said that growth in the third quarter of this year is expected to
BTS Group Holdings Plc. (BTS) is demanding that the Bangkok Metropolitan Administration (BMA) settle the about 40 billion baht in debt it owes to the company over the operation of the second extension of the Green Line train project. The company released a 124 second video clip yesterday (Monday) of an interview with its chairman,
