Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
The Royal Thai Army (RTA) has lifted its boycott of online retail giant Lazada, imposed on May 9th following a sales promotional video uploaded to TikTok, which was deemed by some as being offensive to the monarchy and bullying disabled people. RTA Deputy Spokesperson Col Sirichan Ngathong said yesterday (Monday) that the lifting of the
Thailand’s Central Administrative Court has dismissed a petition, seeking to put a hold an announcement by the National Broadcasting and Telecommunications Commission (NBTC) giving the green light to the merger plan between two mobile phone service providers, Total Access Communication, or DTAC, and True Corporation (True). The petition was filed by Napat Vinitchaikul, a member
Customers who have pre-paid for buffet vouchers from the Japanese restaurant chain Daruma are being urged by a lawyer to file complaints with the Central Investigation Bureau at 3pm today (Monday), in a suspected case of consumer fraud, in which the chain’s social media has disappeared, the company cannot be contacted, the promised services have
Bitcoin plunged below $20,000 on Saturday, shedding nine percent from the previous day to fall to $18,740, its lowest level since December 13, 2020. With investors increasingly wary of risk, the world’s most popular crypto asset has lost more than 72 percent of its value since reaching a high of $68,991 on November 10, 2021. After sinking to $18,740
Food insecurity might not be an issue that many people in Thailand worry much about. The recent economic hardships from the impacts of COVID-19 and the conflict in Ukraine, which is having a ripple effect on the rest of the world, have, however, resulted in a rise in the cost of nutrition. This is having
The Central Committee on the Price of Goods and Services has decided to freeze the prices of 46 items, including instant noodles, vegetable oil, canned food and five services, until the end of June next year, according to Commerce Minister Jurin Laksanawisit. Price controls on these goods and services were due to expire at the
WASHINGTON (Reuters) – The Federal Reserve on Wednesday approved its largest interest rate increase in more than a quarter of a century to stem a surge in inflation that U.S. central bank officials acknowledged may be eroding public trust in their power, and being driven by events seen increasingly out of their hands. The widely
The price of cooking gas in Thailand will be increased by one baht/kg every month for three months, which will send the price of a 15kg cylinder of household cooking gas to 378 baht in July, 393 baht in August and 408 baht in September, according to a decision by the Committee on Energy Policy Administration (CEPA)
LONDON (Reuters) – Bitcoin steadied on Tuesday after earlier hitting a new 18-month low, as major crypto lender Celsius Network’s freezing of withdrawals and the prospect of sharp U.S. interest rate rises shook the volatile asset class. Bitcoin clawed its way to positive territory after falling as much as 7.3% to $20,816, its lowest since
Thailand’s inflation for this year is projected to rise from 4.9% to 5.9%, which would be the highest in 24 years. It may peak at 7% during the third quarter, before it starts to fall, in line with increasing domestic output and a global economic slowdown, according to the Siam Commercial Bank. The bank’s Economic Intelligence
NEW YORK (AP) — Wall Street tumbled into what’s called a bear market Monday after fears about a fragile economy and rising interest rates sent the S&P 500 more than 20% below its record set early this year. The index sank 3.9% in the first chance for investors to trade after getting the weekend to reflect on
Thailand’s Fuel Fund Executive Committee decided today (Monday) to increase the diesel price by another one baht per litre, to 34.94 baht, effective tomorrow, the fourth rise since May 1st and almost reaching the ceiling price set at 35 baht/litre. Director of the Oil Fuel Fund Office (OFFO) Wisak Watanasap explained that global oil prices
