Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
Pubs and restaurants on Bangkok’s Khao San Road were packed with foreign tourists and locals eating, drinking and watching the first match of World Cup 2022 in Qatar late last night. All the night spots have installed large screens especially for soccer fans. One food shop-owner said that he has decorated his premises to match
The Thai government agreed today (Tuesday) to set aside 81.2 billion baht to subsidise the rice price guarantee scheme for the 2022-23 rice crops, with an aim to export 7.5 million tonnes of rice next year. Government Spokesman Anucha Burapachaisri said that the money will be used for parallel projects, such as 7.4 billion baht
Thailand’s Central Administrative Court has agreed to consider a petition challenging the legitimacy of the decision by the telecom regulator conditionally approving the True-DTAC merger plan. The petition was filed by Thailand Consumers Council (TCC) and signed by more than 2,000 consumers. It claims that the October 20th decision by the National Broadcasting and Telecommunications
This week, Thailand will get its moment under the sun when it hosts one of the major diplomatic events of the year — the APEC leaders’ summit — from Monday to Friday. Being held under the theme “Open. Connect. Balance.”, the event takes place at a vulnerable period in global affairs, marked by geo-political conflict and
The Thai cabinet has decided to subsidise the diesel price until January 20th, which means a loss of excise tax revenue for the state of another 20 billion baht. After the cabinet meeting today (Tuesday), Prime Minister Prayut Chan-o-cha told the media that the cabinet decided to maintain the diesel price by prolonging the 5-baht/litre
The Thai Senate gave the go ahead today (Monday) for the Finance Ministry to guarantee the 130 billion baht debt incurred by the Office of Oil Fuel Fund, as a result of the government’s policy of subsidising the price of cooking gas during COVID-19 pandemic. Before the pandemic, the Office of Oil Fuel Fund had
Thailand’s Energy Regulatory Commission (ERC) has ordered the Metropolitan Electricity Authority (MEA) and Provincial Electricity Authority (PEA) to cut their service fees charged on households and small businesses from next January. Komkrit Tantravanich, secretary-general of the ERC Office, said today (Monday) that the they have agreed that the service fees should be reduced to 24.62
Tesla has considered plans for exporting made-in-China electric vehicles to the United States and Canada, two people with knowledge of the planning told Reuters, a step that would connect its largest factory to North America, its largest market. Tesla has been evaluating whether Model 3 and Model Y electric vehicles made in Gigafactory Shanghai could
Thailand’s intention to push the Bio-Circular-Green economic model on the agenda of the Asia Pacific Economic Cooperation (APEC) meetings is mostly aimed at benefiting domestic big conglomerates, rather than driving regional economic development for the mutual benefit of all stakeholders, according to critics upset about being excluded from the implementation. The Thai government, under its
The Bank of Thailand (BoT) is to issue a new regulation which seeks to put a time limit on commercial banks’ mobile banking app outages, to ease the impacts on customers, according to Kitti Kosavisutte, committee chairman of the Thailand Banking Sector Computer Emergency Response Team (TB-CERT). He said that the central bank has already
Although the government has issued a new regulation promising to liberalize Thailand’s alcohol sector, critics see little hope of small brewers breaking the market domination of a few giant producers. “Nothing has really changed in practice,” Move Forward MP Taopiphop Limjittrakorn said. “Aspiring small-time brewers still face complicated processes and imminent dead ends.” The new
The Thai cabinet approved the Interior Ministry’s withdrawal of the ministerial edict on foreign land-ownership for reconsideration today (Tuesday), following widespread opposition to the plan. Government Spokesman Anucha Burapachaisri said that the Interior Ministry will withdraw the measure for further study and to get more feedback from all stakeholders. The edict was approved by the
