Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
The European Central Bank on Thursday brought an end to the era of negative interest rates in the eurozone, with a bigger than expected half-point hike as inflation soars and an energy crisis looms. The rate hike is the Frankfurt institution’s first since 2011. The ECB said its new “assessment of inflation risks” justified taking
Trade at chicken farms in Bangkok’s Rom Sai-Bang Bon area was lacklustre today (Wednesday), the first day that the price of ex-farm chicken eggs increased by 20 satang to 3.40 baht per egg, or a six baht increase for a pack of 30. The price increase, the second in July alone, is attributed to higher
NEW YORK, July 20 (Reuters) – Bitcoin rebounded after a brief sell-off late on Wednesday sparked by news that electric carmaker Tesla Inc (TSLA.O) had sold about 75% of its holdings of the virtual token. Tesla Chief Executive Elon Musk cited concerns about his company’s “overall liquidity” as the reason for the sale. The world’s
The Fuel Fund Executive Committee decided today (Tuesday) to hold the retail price of diesel at 34.94 baht/litre for the fifth consecutive week, to ease the burden on consumers. Oil Fuel Fund Office Director Wisak Watanasap said that diesel prices on the global market fell by US$6.44 per barrel, from US$142.56 last week, to US$136.12
Thailand’s trade deficit for the month of June was over 40 billion baht, partly due to a 19% increase in the value of imports, especially energy. The figure includes a 10% increase in the value of exports. The Thai baht also weakened against the US dollar, said Krungthai Global Markets Strategist Poon Panichpibool today (Monday).
The euro’s plunge against the dollar, triggered by the Ukraine war and mounting risks to the EU economy, has driven the two currencies to parity for the first time in two decades. The European single currency sank to $0.9952 on Thursday — a level not seen since the end of 2002, the year it was
Retail prices of one-litre bottles of palm oil at department stores and super markets have reduced from 69-70 baht to 64-65 baht, in response to a request from the Internal Trade Department. The department’s deputy director-general, Udom Srisomsong, said today (Thursday) that the prices charged may, however, differ between stores, depending on their costs or
Thai Airways International submitted a petition to the Central Bankruptcy Court on July 1st, seeking to revise its rehabilitation plan, after the flag carrier improved its performance, with an expectation that it may exit the plan on or before the 2025 deadline. Government Spokesman Thanakorn Wangboonkongchana said that, yesterday (Tuesday), the cabinet acknowledged THAI’s progress
Cryptocurrency trading in Thailand has followed global trends and witnessed a steep plunge, as investors sell off financial assets, including equities and bonds. With many countries bogged down by high inflation, forcing an increase in interest rates, fears of a global recession have escalated sell-offs in markets. Cryptocurrency trading was hit the hardest due to
Thailand’s Ministry of Transport may postpone the second round of bidding for the Orange Line train project, scheduled for July 27th, pending consultation with the Office of the Attorney-General (OAG). On July 7th, the Central Administrative Court ruled that the scrapping of the first round of bidding, by the selection committee of the Mass Rapid
Many cars and trucks have been queueing at PTT and Bangchak service stations in Thailand since 5am this morning (Friday) to refill their vehicles, after the two oil companies cut their prices of benzine products by 3 baht/litre, effective today. PTT and Bangchak stations in Bangkok were very quiet last night, as motorists waited to
Oil prices at gas stations in Thailand are unlikely to drop, although global oil prices are declining because the government has to support the Oil Fuel Fund, which will have incurred about 100 billion baht in debt by the end of the year due to the oil price subsidy program, according to Finance Minister Arkhom
