Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
LONDON (Reuters) – Benchmark oil prices climbed to their highest level since 2014 on Tuesday as possible supply disruption after attacks in the Mideast Gulf added to an already tight supply outlook. Brent crude futures rose $0.88, or 1%, to $87.36 a barrel by 1154 GMT, while U.S. West Texas Intermediate (WTI) crude futures jumped
The Thai cabinet has approved, in principle, two ministerial announcements aimed at attracting four specific groups of foreigners to stay in Thailand for up to ten years, in the hope that they spend their wealth, invest or make use of their special skills for the development of the Thai economy. According to Deputy Government Spokesperson
While the Land of Smiles will be just as welcoming, from April it will also be charging every foreigner an entry fee of Bt300 if the government’s plan goes ahead. The government claims to have solid reasons for the move and expects tourism to start booming again once COVID-19 subsides. The ins and outs of
Thailand’s Gulf Energy Development PCL, or GULF, has entered into an agreement with Binance, the world’s largest digital assets exchange in terms of trading volume, to explore the setting up of a cryptocurrency exchange and related businesses in Thailand. GULF has informed the Stock Exchange of Thailand (SET) that its wholly-owned subsidiary, Gulf Innova, has
The cabinet has allocated 1.48 billion baht, from the Central Fund, to support the Commerce Ministry’s project to maintain retail necessities at low prices for 90 days amid the current surges in prices in goods especially food ingredients, according to Government spokesman Thanakorn Wangboonkongchana. The 3,000 retail outlets include convenience stores, gas stations, markets and
Due to the skyrocketing price of pork in Thailand, the demand for crocodile meat has been increasing, which has helped crocodile farmers affected by the pandemic. The President of the Thai Crocodile Farmer Association, Yosapong Temsiripong, says that rising consumption of the reptile’s meat has given commercial crocodile farmers some hope. He explained that the
The government has decided to bring forward the 4th phase of the 50:50 co-payment economic stimulus scheme, from March 1st to February 21st, and new subscriber applications arescheduled to begin on February 14th, according to Government Spokesman Thanakorn Wangboonkongchana. He said yesterday that Prime Minister Prayut Chan-o-cha is concerned about the rising cost of living,
Following the increase in the volume of online retail business, or e-commerce, Thailand’s Court of Justice is planning to set up a new department in the Civil Court, exclusively to handle disputes related to online shopping and to assist consumers cheated by online traders. Secretary-general of the Office of the Judiciary Jeerapat Panthavee said today
SINGAPORE, Jan 14 (Reuters) – Citigroup (C.N) has agreed to sell its consumer business in four Southeast Asian markets to United Overseas Bank (UOB) (UOBH.SI) for about $3.7 billion, bringing the U.S. bank closer to its goal of exiting retail operations in 13 markets. The proposed acquisition by Singapore’s UOB will be its biggest in
The Ministry of Commerce will seek cabinet approval next week for a 1.4 billion budget, from the Central Fund, to implement projects within three months which will ease the rise in the cost of living, Commerce Minister Jurin Laksanawisit said today (Friday). The projects would include a plan to increase the number of outlets selling
Thailand and the United Nations will be working closely together to realise the sustainable development goals (SDG) outlined in various economic development plans, according to Ministry of Foreign Affairs Spokesperson Tanee Sangrat. He said that, at the end of December, the Thai Cabinet endorsed the draft United Nations Sustainable Development Cooperation Framework (UNSDCF) 2022-2026, between the
Thailand’s laying hen farmers agreed today (Thursday) to lower the ex-farm price of chicken eggs to 2.90 baht each, instead of 3 baht as recently set, to ease the financial burden on consumers who are being hit by skyrocketing prices of pork and other products. Internal Trade Department Director-General Wattanasak Sur-iam chaired a meeting with representatives
