Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
(AP) — Oil prices surged nearly 5% and stock prices dropped after Russian President Vladimir Putin recognized the independence of rebel-held regions of Ukraine, raising fears that a full-scale invasion was near. Russia is a major energy producer and the tensions over Ukraine have brought wide swings in volatile energy prices, on top of the inevitable risks
Fans of all ages of the “Bupphesanniwat” (Love Destiny) hit TV series four years ago may get the chance to see the long-awaited “Bupphesanniwat 2” movie, as the Kubix Digital Asset company limited unveils a plan raise 265 million baht through a public offering of its digital “Destiny Token” to finance the movie’s production. Kubix
The cabinet approved in principle today (Tuesday) a draft royal decree to exempt from personal income tax foreigners on long-term resident visas (LTR visa) who stay in Thailand or who want to work from Thailand. Foreigners with special skills who work in Thailand in specific industries will enjoy a flat rate personal income tax of
Thailand’s economy for the year 2021 grew by 1.6%, better than the projected growth of 1.2%, according to the National Economic and Social Development Council (NESDC). According to Deputy Government Spokesperson Traisuree Traisoranakul, the prime minister is pleased with last year’s economic performance. Prime Minister Prayut Chan-o-cha vowed today (Monday) to push full steam ahead
The Thai cabinet decided to reduce excise tax on diesel fuel today (Tuesday), by an average of three baht per litre for three months, in a bid to ease the impacts on the general public of the rising cost of living. Government Spokesman Thanakorn Wangboonkongchana said that the excise tax reduction will reduce the pump
Widely dubbed the “Progressive Liquor Bill”, a new draft law on excise tax is tipped to revolutionize Thailand’s alcohol industry if it sails through Parliament untouched. Thailand’s booze market is now worth about Bt260 billion, but in normal times before the arrival of COVID-19 it weighed in at a whopping Bt370 billion in 2019. Critics
The Covid-19 pandemic and a slow economic recovery is set to make the Day of Love more expensive this year, posing a challenge for florists and gift shops in the city. The same constraints are also affecting lovebirds’ celebration plans. A recent survey by the University of the Thai Chamber of Commerce predicts spending of
A high-level Thai business delegation will visit Saudi Arabia on February 26th, the first in many years, to promote trade and business between the two countries. Sanan Angubolkul, president of the Thai Chamber of Commerce and the Board of Trade, said that the delegation will visit Riyadh, the Saudi capital, and Neom. The delegation will
Hundreds of truck drivers, associated with the Land Transport Federation of Thailand (LTFT), flexed their muscles in a show of “truck power” today (Tuesday), in an attempt to put pressure on the government to cap the pump price of diesel, currently at about 30 baht/litre, at 25 baht. The truckers were joined by numerous taxi
Investors are worried about their tax liability and the method of calculation after the Revenue Department issued on January 31 tax guidelines for individuals engaging in crypto and digital token activities. Thais and expats (subject to double-taxation agreements) are required to file annual personal income tax returns by March 31 based on their income earned
Energy Minister Supattanapong Punmeechaow said today that the government has already frozen the pump price of diesel at 30 baht per litre, without which the price would have increased to 35 baht/litre in accordance with the global increase in oil prices. His remark was in response to repeated demands by the Land Transport Federation of
A historic plunge in the stock price of Facebook’s parent company helped yank other tech stocks lower on Wall Street Thursday, abruptly ending a four-day winning streak for the market. The 26.4% wipeout in Meta Platforms, as Facebook’s owner is now known, erased more than $230 billion in market value, easily the biggest one-day loss
