Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
The Bank of Thailand (BoT) is to issue a new regulation to limit investment in digital assets by business units of commercial banks to no more than 3% of their capital. The regulation is expected to come into force in the middle of this year, the bank’s Assistant Governor Roong Mallikamas told a news conference
Thailand’s Securities and Exchange Commission (SEC) has issued a set of regulations to be applied to digital assets operators, which take effect on April 1st, barring them from using digital assets as a means of payment for goods or services. The regulations are intended to control the use of digital assets as a means of
The Bank of Thailand (BoT) says that the Thai banking system has undergone regular stress tests and remains resilient, with a high level of capital buffers to help it to withstand risks and uncertainties, despite S&P Global Ratings’ downgrading of four of Thailand’s commercial banks. S&P downgraded ratings of Siam Commercial Bank and Kasikorn Bank,
The Thai cabinet today (Tuesday) rolled out a number of measures to help the public cope with the rising prices of goods, services and energy prices, some resulting from the war in Ukraine. The measures are as follows: • Increase in monthly subsidy from 45 to 100 baht for the purchase of cooking gas for
The Thai Feed Mill Association is urging the government to review its policy of allowing the export of maize and soybean meal for animal feed, to ease the shortage of the two products in the domestic market. In an urgent letter, addressed to Prime Minister Prayut Chan-o-cha and Commerce Minister Jurin Laksanawisit, the association president,
Low-cost accommodation on Samui Island has been arranged for the many Russian and Ukrainian tourists stranded in Thailand due to the war in Ukraine. Up to 30 rooms at a hotel on Chaweng beach have been made available by the International School of Tourism at Suratthani Rajabhat University, to accommodate the stranded tourists at about
Sixteen entertainment establishments are calling on the government to scrap a law, introduced by a military junta in 1972, which bans the sale of alcoholic beverages between 2pm and 5pm. Former president of the Thai Alcohol Beverage Business Association and an executive of a liquor company, Thanakorn Kuptajit, said today (Thursday) that the 50-year-0ld law is irrelevant
Residential, commercial and industrial users of electricity will face higher electricity bills from May until August after the Energy Regulatory Commission has decided to increase the FT (fuel tariff) rate to an average of 23.38 satang per unit, driving the electricity rate to 4 baht per unit during the May-August period. The fee increase to
The ex-farm price of chicken eggs has been increased to 3.20 baht each (US$0.093), effective today (Thursday), after Thailand’s Internal Trade Department agreed to an increase of just 10 satang (US$0.003) per egg, instead of 20 satang as proposed by the Association of Hen-Egg Farmers, Traders and Exporters. Internal Trade Department Director-General Wattanasak Sur-iam said
The cabinet has approved a draft 3.18 trillion baht national budget for the 2023 fiscal year, an increase of 2.74%, or 85 billion baht, over the current year. Government Deputy Spokesperson Rachada Dhnadirek said today (Tuesday) that the cabinet also approved guidelines for streamlining the budgets within March, to be undertaken by various agencies, after
House buyers are being warned that they may have to pay an additional 5-8% next month because of rising construction costs, driven by the conflict in Ukraine which has spurred an increase in global oil prices. President of the Home Builder Association Worawut Kanchanakul said today (Tuesday) that the costs of building houses have been
The Gold Research Centre says there are four factors to watch, which may influence the price of gold in Thailand this week, as most investors are predicting that the metal’s price will continue to rise. First are the US Federal Reserve meetings tomorrow and Wednesday, after the Federal Reserve chair Jerome Powell signalled that the
