Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
Thailand’s Ministry of Finance will open for applications for 3.07 million unused entitlements under the 5th phase of the 50:50 co-payment scheme, according to Pornchai Thiraveja, director-general of Fiscal Policy Department and spokesman for the Finance Ministry. He said that the unused entitlements come from subscribers who did not confirm their subscriptions by the September
The cabinet decided today (Tuesday) to extend the excise tax cut of five baht per litre of diesel fuel for two more months, from September 21st to November, in order to ease the burden on consumers currently being affected by the high cost of living, according to Finance Minister Arkhom Termpittayapaisith. The cabinet also agreed
The Thai cabinet approved the new minimum wage rates today (Tuesday), as proposed by the tri-partite Wage Committee, to become effective from October 1st. The last time that minimum wages were adjusted was in 2020. The new minimum wage is divided into nine rates, with the maximum rate set at 354 baht per day and
Thailand’s Central Administrative Court issued a ruling today (Wednesday), ordering the Bangkok Metropolitan Administration (BMA) and its investment arm, Krungthep Thanakom Company, to pay Bangkok Mass Transit System Public Company (BTS) a total of 11.754 billion baht for the first and second extensions of the Green Line within 180 days. The first extension is from
German auto group Volkswagen on Monday said it would go ahead this year with a highly anticipated stock market entry for its premium sports brand Porsche, despite less than perfect financial conditions. “The Board of Management of Volkswagen AG today resolved… to pursue an initial public offering of the preferred shares of Porsche AG with the target to list them on
The student debt forgiveness campaign believes the budget Thailand has set to reduce inequality – 700 billion baht – should be more than enough to ensure education is “really free”. “It’s not about whether our country has enough money but more about our country’s money management and allocation,” said Prim Maneechote, a member of the
Consumers will soon feel the pinch of the higher cost of living, as the higher prices for cooking gas and electricity come into effect today (Thursday). From today, the retail price of cooking gas (LPG) has increased by 1 baht/kg to 408 baht for a standard 15kg tank. The price does not cover delivery fees,
With the goal of taking Thailand’s creative industry to another level and having a greater impact on GDP, the new leadership of the Creative Economy Agency (CEA) has unveiled a new vision and strategies that will elevate its role in promoting soft power. Newly appointed CEA Executive Director Dr. Chakrit Pichyangkul tells Thai PBS World
Thailand’s Securities and Exchange Commission (SEC) has barred an executive of Bitkub Blockchain Technology Company, a subsidiary of Bitkub Capital Group Holdings (BCGH), from holding an executive post in the company for 12 months and fined him 8.5 million baht for alleged insider trading. According to the SEC, an investigation was launched into the conduct
Pig farmers are demanding that the Ministry of Agriculture and Agricultural Cooperatives aggressively cracks down on unscrupulous traders, who have been flooding the domestic market with smuggled pork which, they claim, will ruin the country’s pig rearing business in the long run. The demand was addressed to Agriculture Minister Chalermchai Sri-on by the Swine Raisers
Siam Commercial Bank (now named SCB X), Thailand’s oldest commercial bank, created a flutter in the markets in November last year when it announced a multibillion deal to buy a majority stake in Bitkub Online Co, Thailand’s largest digital asset exchange. The 17.8-billion-baht deal made headlines and spurred excitement in the financial and startup communities. SCB X
Over the next four months, electricity in Thailand will soar from 4 baht per unit to a record high of 4.72 baht. Authorities blame the hike on rising global fuel prices, but critics argue that the government has a duty to cap utility bills, especially as many people are suffering COVID-related hardship. The upcoming hike
