Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
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
The Ministry of Energy and the Energy Regulatory Commission agreed, at their joint meeting yesterday (Monday), to freeze the electricity rate for August after Prime Minister Prayut Chan-o-cha expressed concern that the increase in the fuel tariff (FT), which will drive up the price of electricity, will impact a lot of people. As for the
Thailand’s opposition Move Forward party is urging the National Broadcasting and Telecommunications Commission (NBTC) to block the planned merger between two mobile phone service operators, True Corporation (True) and Total Access Communication (DTAC). Move Forward party leader, Pita Limjaroenrat, said today (Thursday) that the board has the power to do so and to follow the
The board of the National Broadcasting and Telecommunications Commission (NBTC) wants a more comprehensive study of the planned merger between True Corporation (True) and Total Access Communication (DTAC) before it can make an informed decision on the plan. Acting NBTC Secretary-General Trairat Wiriyasirikul said that the five members of the NBTC board have considered the
The role of a digital asset exchange is to serve as a marketplace where investors can buy and sell their cryptocurrencies and other digital assets, while the revenue of the exchange comes from a service fee. But somehow Zipmex operates also like a bank. Currently, nine digital asset exchanges have got licenses from the Securities
The National Education Bill is set to enter the Parliament for further deliberation in September, sparking new hope for some but concern for others. The passage of this bill is likely to be concluded before the end of the year, and once it is enforced, it will affect not just students but also teachers and
The electric vehicle industry in Thailand was given a shot in the arm today (Tuesday) when the cabinet decided to exempt from customs duties battery electric vehicles (BEVs), which are locally assembled or produced in a (tax) Free Zone as defined in the law on industrial estates. The duty exemption is for this year, after
The cabinet decided today (Tuesday) to roll out the 5th phase of the popular 50:50 co-payment scheme by providing 800 baht to each of the 26.5 million Thais who have subscribed to the program, to be spent in September and October, said Director-General of the Fiscal Policy Office Pornchai Thiraveja. Maximum daily spending in the
Thailand’s Securities and Exchange Commission (SEC) has ordered Zipmex, Thailand’s second largest cryptocurrency exchange after Bitkub, to resume trading and digital asset withdrawals within three days after an official announcement is issued, following the company’s freezing of digital assets and withdrawals last week, prompting complaints by concerned investors who stand to lose a total of
Thailand’s economy will be affected by global economic turbulence, which may for last two years, during which growth in Thai exports will contract while domestic inflation will increase, said Kobsak Pootrakool, former Prime Minister’s Office Minister and, currently, senior executive vice president of the Bangkok Bank, yesterday (Saturday). Speaking about “Economic Turbulence 2022 and How
Thailand’s Charoen Pokphand Group (CP) and Norway’s Telenor are urging the National Broadcasting and Telecommunications Commission (NBTC), Thailand’s telecom and broadcasting regulator, to speed up the issuance of conditions to govern the planned merger of their two subsidiaries, True Corp and Total Access Communication (DTAC). CP Chief Executive Suphachai Chearavanont and Sigve Brekke, president and
Thailand’s public and private sectors are busy preparing for an inspection by the Bureau International des Expositions (BIE) from July 25 to 29 which will assess the feasibility and viability of Phuket province as a candidate to host the Specialised Expo 2027/2028. Team Thailand led by Deputy Prime Minister and Public Health Minister, Anutin Charnvirakul
