Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
Unlike previous generations, people entering their senior years now and in the future will likely need to save a substantial sum of money for their retirement. Without savings, they risk struggling on their own, minus support from younger relatives or the government. Extended families are no longer the norm in Thai society. Gone are the
Spending by the public during the long Songkran holiday next week is projected to be the lowest in a decade, because consumers are tending to be more careful due to concerns over the price increases of oil and consumer products, according to the forecast by the University of the Thai Chamber of Commerce ‘s (UTCC)
Thailand’s inflation in March increased to 5.73% year on year, which is the highest monthly rise in 13 years, largely due to the price increases for oil, electricity and food as a result of the war in Ukraine, according to Director of the Commerce Ministry’s Office of Trade Policy and Strategy Ronnarong Poonphiphat. The average inflation
Tesla CEO Elon Musk has acquired a 9% stake in Twitter to become its largest shareholder while joining other critics in questioning the social media platform’s dedication to free speech and the First Amendment. Musk’s ultimate aim in acquiring 73.5 million shares, worth about $3 billion, isn’t clear. Yet in late March Musk, who has
NEW YORK, April 3 (Reuters) – Oil prices fell at the start of Asian trade on Sunday, after the United Arab Emirates and the Iran-aligned Houthi group welcomed a truce that would halt military operations on the Saudi-Yemeni border, alleviating some concerns about potential supply issues. The early losses this week come after oil prices
Business owners in the Khaosan area of Bangkok have decided to cancel plans for Songkran celebrations this year, citing the multiple restrictions with which they would have to comply. President of the Khaosan Road Business Operators Association, Sanga Ruangwattanakul, said association members have met to discuss the required safety measures, such being held accountable if
Thailand’s Finance Minister Arkhom Termpittayapaisith has revoked the business licenses of two financially-troubled Thai insurance companies, Southeast Insurance and Thai Insurance, effective today (Friday), following a massive amount of COVID-19 claims. Secretary-General of the Office of the Insurance Commission (OIC) Suttipol Taweechaikarn said that the finance minister had no choice but to close the businesses,
March 29 (Reuters) – As a bleak first quarter draws to a close, crypto seems to have the wind in its sails. It has pushed through the $2 trillion barrier and is proving surprisingly resilient amid global chaos. At Monday’s high of $47,765, market leader bitcoin broke above the narrow $34,000-$44,000 range it’s traded in
Thailand shipped the first consignment of chicken products to Saudi Arabia in 18 years on Monday, as diplomatic relations between the two countries are gradually restored following three decades of suspension of formal ties. The shipment, by Charoen Pokphand Foods Plc, took place two weeks after Saudi Arabia lifted an 18-year ban on Thai chicken
Thailand may experience fertiliser shortages in April and May and prices are expected to increase further as a result of the ongoing war in Ukraine. President of Thai Fertiliser and Agricultural Supplies Association Plengsakdi Prakaspesat said today (Monday) that stocks of fertiliser held in storage by the private sector may be exhausted, because some traders
The controversial Klong Dan wastewater treatment project has made headlines at regular intervals over the past three decades. News reports initially described the plant as a solution to water pollution, then the “mother of all corruption cases”, and now an expensive lesson. The government has poured more than 20 billion baht into the Klong Dan
The Thai government is expected to spend about 45 billion baht to fund a set of measures to ease the burden on the public of rising oil and gas prices for three months, said Energy Permanent Secretary Kulit Sombatsiri today (Thursday). Since 2020, when the COVID-19 pandemic broke out, he said that the government has
