Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
The Finance Ministry, Bank of Thailand and Securities and Exchange Commission (SEC) have agreed to a plan to regulate and limit the use of cryptocurrencies as a means of paying for goods and services, to prevent such transactions from affecting Thailand’s financial stability and economic system, pending public hearings on the matter. The planned regulation and
The Stock Exchange of Thailand (SET) was officially notified today (Wednesday) by Thai Group Holdings (TGH) of the decision of the board to close down one of its subsidiaries, Southeast Insurance, after it suffered a hefty loss caused by compensation payments made to customers who took out insurance coverage for COVID-19 infections under the “Found,
Undeveloped land prices in Bangkok continue to rise steadily, although at slower pace, despite the COVID-19 pandemic and subsequent economic slowdown, which have been affecting Thailand for the past two years, according to the Real Estate Information Centre of the Government Housing Bank (GHB). Empty land prices pre-COVID, from 2015 to 2019, increased by an
The Thai cabinet approved a budget of nine billion baht today (Monday) to revive the “We Travel Together” (Rao Tiew Duay Kan) economic stimulus scheme, from February until July, to promote local tourism, said Deputy Government Spokesperson Traisuree Traisoranakul. Under the program, each subscriber will enjoy 40% hotel room rate discounts, but not more than
All the financial support received by individuals and corporate entities from the government, such as subsidies under the co-payment scheme, hotel discount coupons and subsidies to ease hardships caused by the COVID-19 pandemic last year, will be exempt from taxation. Government Spokesman Thanakorn Wangboonkongchana said that today (Monday) the cabinet decided to exempt from taxation
Pig farmers have agreed to cap the ex-farm price of live fattening pigs at 110 baht/kg until the end of February, to ease the financial burden on consumers, especially during the Chinese New Year festival, said Swine Raisers Association of Thailand Vice President Wiwat Pongwiwatchai, today (Monday). He said that slaughterhouses and pork processors have also
The Thai cabinet approved the fourth phase of the 50:50 co-payment economic stimulus scheme today (Monday), to be rolled out on February 1st, which coincides with Chinese New Year’s Day. This time, just 1,200 baht will be granted to those who have already registered under the previous three phases. The amount is to be used
During nationwide searches last week, Thailand’s Livestock Development Department found that about 13.4 million kilogrammes of frozen pork were being stored in 539 cold storage facilities amid record-high pork prices, according to Government Deputy Spokesperson Rachada Dhnadirek this morning (Monday). She said that there are also 10.84 million live pigs, including about 49,000 boars and
One of Thailand’s leading agro-industry and food businesses, Betagro, has dismissed a suggestion that they have been hoarding frozen pork at a cold storage facility checked by officials from the Livestock Development Department on Wednesday, amid record-high pork prices and allegations of hoarding by major businesses for profiteering purposes. Officials from the department’s animal quarantine
Thailand’s central committee on prices of goods and services agreed today (Wednesday) to propose to the cabinet that chickens and chicken meat be added to the list of price controlled goods, in a bid to pre-empt traders and vendors jacking up their prices, said Commerce Minister Jurin Laksanawisit. The committee has also mandated that chicken
The Thai Government’s special savings bonds, for people aged 60 and above, sold like hot cake as the 30 billion baht worth sold out in two days when they went on sale on Monday, according to Director of the Public Debt Management Office Patricia Mongkhonvanit. The special savings bonds were sold online and via the
Exiled former Prime Minister Thaksin Shinawatra has claimed that there are 4 or 5 major pork merchants who have cold storage facilities in Thailand, each with the capacity to store up to 400,000 kgs of frozen pork for up to six months, and that they have been hoarding pork for profiteering purposes. During his talk
