Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
Thailand has been setting its sights on the digital economy to serve as a new growth engine amid a slowdown in growth in the past several years since the 2014 military coup. A prolonged political conflict and fundamental changes in economic and social aspects have been blamed for the recurring sluggish economic performance. One option
As we approach another Labour Day on May 1, many economists believe one of the priorities for the government is to expand social security so as to cover all workers in the informal sector. The issue is pressing for Thailand, as an estimated 19.6 million people last year worked in the informal sector compared to
The average household debt in Thailand has increased 5.09% year on year, to 217,952.59 baht, the highest in 14 years, and this year the debt may reach 95% of the gross domestic product (GDP), according to the forecast of the Centre for Economic and Business Forecasting of the University of the Thai Chamber of Commerce
Consumers in Thailand will be feeling the pinch of rising prices of a wide range of products, from instant coffee, cooking oil and instant noodles to condensed milk, shampoo and soap among others, as a result of the fallout from oil price increases. Several manufacturers have already notified their wholesale outlets of price increases, to
The Fuel Fund Executive Committee has decided to increase the diesel price, which has been capped at 30 baht/litre since December last year, to 32 baht/litre, effective from May 1. Energy Permanent Secretary Kulit Sombatsiri said today (Thursday) that the new ceiling price for diesel will be set at 35 baht/litre and the Fuel Fund
Truckers rallied in front of Government House today (Wednesday), demanding that the government extend the measures to keep diesel prices at 30 baht per litre, which are due to expire on April 30th. President of the Land Transport Federation of Thailand (LTFT) Apichart Prairungruang, along with representatives of transport operator, submitted a letter addressed to
April 26 (Reuters) – Twitter Inc. and its advisers were not sure at first how seriously to take him. Elon Musk’s $54.20-per-share offer price for the social media company on April 14 contained the digits 420, a reference to a trope for smoking marijuana. Financing documents he submitted last week in support of his bid
Elon Musk reached an agreement to buy Twitter for roughly $44 billion on Monday, promising a more lenient touch to policing content on the social media platform where he — the world’s richest person — promotes his interests, attacks critics and opines on a wide range of issues to more than 83 million followers. The
The price of diesel at gas stations in Thailand is expected to increase, from today’s 30 baht to 35-36 baht per litre from May 1st, when the government cap on the price, to ease the burden on cargo transport services and consumers, is lifted, according to Director of the Energy Policy and Planning Office (EPPO) Wattanapong
Unfavorable economic conditions are likely to pose tough challenges for current and future governments in managing the annual budget. The Prayut Chan-o-cha government plans to spend Bt3.185 trillion in fiscal 2023 (October 2022 to September 2023), but the bill is yet to be presented to Parliament. The planned 2.74 percent increase in outlay from the
The Russian invasion of and subsequent war in Ukraine are driving up the prices of construction materials in Thailand, especially iron rod and steel products, the prices of which have already increased 35% year on year, according to the Real Estate Information Center (REIC) of the Government Housing Bank. Russia and Ukraine are the world’s
The government has been advised to take steps to cope with an average 5% to 10% increase in the prices of goods in May, when the diesel price, which has been pegged at 30 baht/litre, will be allowed to float and cargo transporters are likely to increase transport charges. With the government’s decision to end
