Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
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
Thai durian has outranked rice and para rubber as Thailand’s top export performer, with export volume last year estimated at about 187 billion baht, compared to 100 billion baht for rice exports and 90 billion baht for rubber, according to the Centre for International Trade Studies at the University of the Thai Chamber of Commerce.
Education is an important tool when dealing with inequality, be it economic, social or others. Children can escape the poverty trap, whereas their parents could not do so for generations, according to Dr. Kraiyos Patrawart, Managing Director, Equitable Education Fund (EEF). Inequality is not a new problem, but the COVID-19 pandemic just made it more
More than 100,000 people rushed to register to grow cannabis and hemp plants, through the Thai Food and Drug Administration’s (TFDA) website https://plookganja.fda.moph.go.th, and the “plookganja” application this morning (Thursday), as the removal of the two plants from the Category 5 narcotics list becomes effective. The stampede overwhelmed the capacity of the original site. An
The Thai cabinet today (Tuesday) acknowledged the Monetary Policy Committee’s projection that the country’s inflation this year will reach 4.9%, which is higher than previous forecasts, mainly due to increases in energy and food prices, according to Deputy Government Spokesperson Traisuree Traisoranakul. She said that the committee had predicted that mid-term inflation this year would
The Government Lottery Office (GLO) will consider whether to increase digital lottery ticket sales after all 5.27 million were snapped up in four days and six hours, after the launch of the service via “Pao Tang” platform last Thursday. GLO Director Lt-Col Noon Sansanakhom said today (Monday) that public response to online lottery sales was
The Bangkok Metropolitan Administration (BMA) has the full authority over the troubled Green Line train project, better known as the BTS system, including the controversial operating concession, fares and debts incurred in the construction of the system, according to Interior Minister Anupong Paochinda. After meeting newly-elected Bangkok Governor Chadchart Sittipunt yesterday (Monday), Gen Anupong said
Elon Musk threatened Monday to withdraw his bid to buy Twitter, accusing it of failing to provide data on fake accounts, in the latest twist in the Tesla billionaire’s push to acquire the social network. Twitter has breached its “obligations under the merger agreement and Mr. Musk reserves … his right not to consummate the transaction,” according to a document filed with securities regulators. The filing marks
The Fuel Fund Executive Board decided to increase the price of diesel fuel by another baht today (Monday), to 33.94 baht per litre, effective tomorrow, following a spike in global prices, due to worries of disruption in supplies from Russia and ease of lockdown in Shanghai. The board is to decide weekly whether to increase
The prices of many consumer products have been increasing, as the Thai Retailer Association warns that there is little prospect that they will come down in the next few months. Meanwhile, Commerce Minister Jurin Laksanawisit told the Lower House, during the debate on budget bill, that his ministry is seeking cooperation from producers to maintain
To prevent unscrupulous lottery vendors from taking advantage of consumers by overcharging for lottery tickets, sometimes by as much as 50 baht per ticket, Thailand’s Government Lottery Office (GLO) will launch the online sale to the public of five million lottery tickets at the approved price of 80 baht each, through the “Pao Tang” application,
The Fuel Fund Executive Committee decided today (Monday) to increase the retail price of diesel fuel by 1 baht to 33 baht per litre from tomorrow. The new price will remain for at least a week, as the committee will meet again on June 6th to decide whether the price should be further adjusted. Director
