Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
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
The Finance Ministry is now working on a possible launch of a 5th phase of the 50:50 co-payment scheme, aimed at easingthe financial burden of the rising cost of living. Finance Permanent Secretary Krisada Chinavicharana said yesterday (Thursday) that they are awaiting a report onrevenue collection in April and are also assessing the impacts of
The Criminal Court dismissed a petition from the Ministry of Digital Economy and Society (DES) today (Thursday) seeking to shut down websites run by the Mungkornfa online lottery platform, amid the government’s crackdown on overpriced lottery tickets. Mungkornfa (Blue Dragon) has been accused of defrauding the public, and selling overpriced lottery tickets, among other issues.
(Reuters) – Billionaire Elon Musk said on Tuesday he would reverse Twitter‘s ban on former U.S. President Donald Trump when he buys the social media platform, the clearest signal yet of Musk‘s intention to cut moderation of the site. Musk, the world’s richest person and chief executive of electric vehicle maker Tesla Inc, has inked a $44 billion deal to buy Twitter Inc. He has called himself a “free speech absolutist,” but given few specific details of his plans. The question of reinstating...
The Thai cabinet approved new pay rates for three groups of workers today (Tuesday), covering 16 occupations, as proposed by the Labour Ministry. Construction workers: Gypsum board installation: Level 1: 450 baht/day; Level 2: 595 baht/day Draughtsmen: Level 1: 645 baht/day Tilers: Level 1: 450 baht/day; Level 2: 550 baht; Level 3: 650 bath/day Building
Trading in cryptocurrencies has come under high pressure recently. The value of bitcoin, the most popular cryptocurrency among traders overseas and in Thailand, slumped to US$36,040.92 per bitcoin on May 6, down sharply from 47,686.81 on January 1, according to CoinMarketCap data. Interestingly, the number of active traders in Thailand also dropped to 420,000 in
Oil palm farmers, oil extractors and producers have promised Thailand’s Internal Trade department that they will try to maintain the price of bottled palm oil between 64 and 66 baht/L. Representatives of the three parties told the Internal Trade department that it “can be done” during a meeting last week, led by the department’s chief,
The fifth phase of the 50-50 co-payment economic stimulus scheme is being studied, according to Prime Minister Prayut Chan-o-cha, who admitted today (Friday) that the national budget is depleted and that the government must be very cautious when spending, while the “We Travel Together” and “Tour Tiew Thai” domestic tourism subsidy programs have been extended till September.
Thailand’s Securities and Exchange Commission (SEC) has announced the imposition of a 15-million-baht fine on Bitkub Online (BO) and five members of the company’s digital assets selection committee for violating listing rules, by listing Bitkub Coin (KUB) on its trading platform when it does not meet the requirements. The SEC ruled that the five committee members had
Motorcycle taxi drivers can now download the “Thung Ngern” application onto their smartphones, so they can receive a 250 baht/month subsidy from the state until the end of July, to be used to buy benzene from gas stations under the 50:50 co-payment scheme, in light of the high fuel prices. Energy Permanent Secretary Kulit Sombatsiri
More than 70 billion baht, of a combination of funding from the government and consumer’s own money, has been spent under three economic stimulus projects, rolled out by the government to increase the purchasing power of consumers,which came to an end at the end of April, according to Pornchai Thiraveja, director-general of the Fiscal Policy
While workers’ demands always make headlines on Labour Day, more than half of working Thais have nothing to look forward to since they are “informal workers”. Even if those demands are fulfilled, they will not share the benefits. According to the National Statistical Office, informal workers numbered 19.6 million last year or 52 per cent
