Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
PTT Public Company and Bangchak Corporation have agreed to reduce the prices of benzine products at their gas stations by three baht per litre, in line with a drop in global fuel prices, effective from 5am on Friday. Benchmark U.S. crude oil for August delivery fell 97 cents to $98.53 a barrel Wednesday. Brent crude
This year’s 10 richest families in Thailand were revealed by Forbes Asia today (Thursday), most of the rankings remain unchanged from last year. The richest family in Thailand are still the Chiaravanont brothers, of Charoen Pokphand Group, who have held the number one spot for several consecutive years. Their wealth, which is currently US$26.5 billion
Advanced Info Service Plc (AIS) has announced its decision to acquire Triple T Broadband Plc (TTTBB) and invest in the Jasmine Broadband Internet Infrastructure Fund (JASIF) for a total of 32.4 billion baht, to expand its internet service offering in Thailand, especially in upcountry provinces. The Stock Exchange of Thailand (SET) has been notified of
The COVID-19 pandemic has caused serious damage to economies around the world and even though the worst of the outbreaks appear to be over, countries are currently having to battle inflation as well as food, energy, and security issues. It is estimated that more than four billion people have been affected by major disruptions in
June 30 (Reuters) – Bitcoin dropped 6.1% to $18,866.77 at 2004 GMT on Thursday, putting the biggest and best-known cryptocurrency down $1,226.41 from its previous close and down 60.9% from the year’s high of $48,234 on March 28. Several big players in the cryptocurrency markets have had difficulties, and further declines could force other crypto
Bangkok Expressway and Metro Public Company Limited (BEM) has agreed to freeze fares on the Blue Line of the metro system, or the MRT, currently between 17 and 42 baht, until the end of the year, despite a cabinet decision yesterday (Tuesday) to allow the company to increase the fare by one baht, in line
Many wage earners are finding ready-made food, available in markets, convenience stores and at pavement eateries, increasingly unaffordable and are seeking advice on how to cook for themselves. One desperate soul turned to a Facebook group translated as “beloved household chores” for help. The post has attracted widespread attention, and being shared over 100 times.
Thailand’s Consumer Council (TCC), a non-profit consumer protection network, has voiced its strong objection to the planned 59-baht maximum train fare for the two extended routes of the BTS sky train system, or Green Line, claiming that the maximum fare should not exceed 44 baht. TCC Secretary-General Saree Aongsomwang also proposed yesterday (Tuesday) that the
After a 12-month delay, the Thai Treasury Department will put into force a new national land appraisal price list for 2023-2026 on January 1st 2023. It will see the appraisal price for land in Bangkok rise by about 3% and in other provinces by an average of 8%. Treasury Department Director-General Prapas Kong-ied hinted that
Inflation is taking a toll on food manufacturers and restaurant owners, forcing them to adapt to keep their businesses afloat even as consumers cut back on expenses. Soaring energy bills and the price of raw materials are making it hard for manufacturers and retailers to keep up with surging operational costs without adjusting their prices.
The cabinet decided today (Tuesday) to extend the current measures intended to cushion the impacts of rising energy prices for those with low incomes and small businesses, to help with their cost of living. The cabinet will also seek cooperation from both the private and public sectors in conserving energy. Prime Minister Prayut Chan-o-cha warned
The Thai government has decided to waive personal income tax collection from foreign actors when working on films shot in Thailand in the next five years, in a fresh bid to attract foreign crews to the country and the associated revenue. Deputy Government Spokesperson Rachada Dhnadirek said today (Tuesday) that the tax incentive is part
