Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
Sustainability, plant-based and clean label food products have dominated the THAIFEX-ANUGA ASIA 2022, Thailand’s top food exhibition and one of the region’s largest. No one was surprised to see that this year’s food trends unveiled at the fair focused on sustainability and health, a clear reflection of the impacts of the pandemic over the past
Retail prices of benzene and all types of gasohol have increased eight times during May, by a combined total of 4 baht per litre, with the only price drop being on May 12th. The latest price increase came into effect this morning (Saturday), as prices of benzene and gasohol increased by 40 satang/litre to 51.26
Investors who trade cryptocurrencies or digital tokens through properly registered exchanges will be entitled to a 7% VAT exemption on the transfer of the digital assets, retroactively from April 1st 2022 until December 31st 2023, according a Royal Decree published in the Royal Gazette on yesterday (Tuesday). The objective of the VAT exemption, according the
Delivery service bike riders are complaining about the rising price of gasohol and benzene and are calling for help from the government, as did users of diesel, the price of which is being capped at 32 baht/litre through subsidies. One of the riders told Thai PBS that he is now spending an average of 300
The Cabinet has decided to join talks on the US’s newly proposed multilateral trade agreement, known as the Indo-Pacific Economic Framework for Prosperity (IPEF). According to the Thai government’s website, the decision will allow Thailand to join other countries which have expressed interest in negotiating rules and procedures for the IPEF. Some ASEAN members, such
Despite appeals to palm oil producers, by the Commerce Ministry, to maintain their ex-factory price at between 65 and 68 baht per one-litre bottle, the price of bottled palm oil has soared to over 70 baht per litre in most markets. A random survey, conducted by Thai PBS reporters, shows the retail price of the
Thailand’s Fuel Fund Executive Committee has decided to maintain the diesel price at 32 baht per litre, at least until Sunday, even though the cabinet agreed yesterday to cut the excise tax on diesel by 5 baht per litre. Decisions are being made on a weekly basis as to whether to increase the price gradually,
The confidence index of Thailand’s industrial sector for April has dropped to 86.2, the lowest since last December, due to concerns over rising production costs, according to President of the Federation of Thai Industries (FTI) Kriengkrai Thiennukul. Kriengkrai explained that the combined purchase orders, sales and performance of the industrial sector have all dropped, whereas production
The National Economic and Social Development Council (NESDC) has decided to cut Thailand’s gross domestic product (GDP) growth projection for 2022 to between 2.5% and 3.5%, or an average of 3%, from earlier projection of between 3.5% and 4.5%, due to uncertainties over the conflict in Ukraine, according to NESDC Secretary-General Danucha Pichayanan. Danucha said,
The Thai cabinet decided to slash excise tax on diesel by 5 baht/litre for two months today (Tuesday), effective from May 21, to help ease the financial burden on consumers. The government previously cut excise tax on diesel by 3 baht/litre, a measure which is due to expire on May 20. Diesel prices at the
The Government Housing Bank’s (GHB) special low interest housing loans, worth 450 million baht in total, were fully subscribed in just 36 seconds, according to the state-run bank. The special loans were offered to the public during the “Golden Minute” held at the 22nd Money Expo from 3pm on Sunday. Borrowers subscribed to the special
Saudi Arabia has responded positively to Thailand’s request to buy fertiliser from the desert kingdom, to ease the shortage in the country, said Sanan Angubolkul, chairman of the Thai Chamber of Commerce and the Board of Trade, today (Monday). Sanan and several top Thai businessmen are currently in Saudi Arabia, as part of a business
