Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
The SCB Securities (SCBS) Board of Directors passed a resolution today (Thursday) to terminate the purchase of a 51% stake in Bitkub, Thailand’s largest cryptocurrency exchange, worth over 17.8 billion baht, citing various unresolved issues, which were recommended or ordered to be addressed by Thailand’s Securities and Exchange Commission (SEC). CEO of parent company SCBX,
Wednesday’s suspension of Prime Minister Prayut Chan-o-cha from his duties by Thailand’s charter court may raise questions over whether investor confidence and public investments are being affected. The country’s finance minister has, however, insisted that investment projects, to which the government has already committed, will continue. Finance Minister Arkhom Termpittayapaisith said yesterday (Wednesday) that “projects
Director-General of the Department of Internal Trade, Wattanasak Sur-iam, says that Thai President Foods (Mama), Thai Preserved Food (Wai Wai) and Wan Thai Foods Industry (Yum Yum) are allowed to increase their instant noodle pricesby 1 Baht, increasing the price to 7 baht per packet, effective August 25th. Any greater price increase could, however, lead
The Student Loan Fund (SLF) is dismissing calls for it to write off 337 billion baht of loans taken by students to fund their education. Over the past few weeks, thousands of people have been pushing for their student debt to be forgiven. The campaign, run under the hashtag #SLFdebtforgiveness, claims that canceling their debt
The “Pao Tang” application system crashed this morning (Friday) as subscribers scrambled to reconfirm their registrations for the fifth phase of the 50:50 co-payment scheme, under which each will receive 800 baht to spend on goods and services from September 1st until October 31st. A login attempt at 6am, when the system was scheduled to
Thailand’s Energy Regulatory Commission (ERC) has decided to raise the FT (fuel tariff) for electricity for September through December by 68.66 satang per unit, which will bring the average rate for electricity to 4.72 baht per unit, to help ease the financial burden on the Electricity Generating Authority of Thailand (EGAT). The ERC Office said
Five manufacturers of instant noodles are urging Thailand’s Internal Trade Department to speed up consideration of their demand for a price increase on instant noodles, from 6 to 8 baht, to compensate for increased production costs. The five manufacturers, Mama, YumYum, Wai Wai, Nissen and Suesat, claim that their retail prices have not been adjusted
Old and new subscribers to the government’s 50:50 co-payment scheme will be able to reconfirm or apply for their subscription this Friday under Phase 5 of the scheme, via the co-payment scheme website, from 6am until 10pm until further notice, according to the Ministry of Finance. Currently, there are 26.5 million Thais are who are
Small lottery vendors across the country are now dreading the expansion of digital lottery tickets – which are sold not just through major private electronic platforms but also on the popular Paotang application. Selling tickets for the government lottery has long been a lifeline for underprivileged, elderly and disabled Thais. However, that source of income
The country’s Monetary Policy Committee (MPC), one of the main committees of the Bank of Thailand, decided today (Wednesday), by a vote of 6 to 1, to increase the policy rate by 0.25%, to 0.75%, with immediate effect. MPC Secretary Piti Disyatat said that they have assessed the overall economic situation and believe that the economy
The US is the world’s largest economy and the US dollar is widely used worldwide, as a result, the actions and decisions of the US Federal Reserve (Fed) have a profound impact on the baht and other currencies. Thailand has a relatively small, open economy that is heavily dependent on the export of goods
The cabinet approved a proposal from the EEC (Eastern Economic Corridor) Policy Committee today (Tuesday) to upgrade the status of the EEC from a “special economic zone”to a “free trade zone”, in which incentives, such as income tax breaks, further easing of employment restrictions for foreigners, VAT exemption for tourists buying goods there and permits
