Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
The Internal Trade Department will meet with representatives of chicken farmer, chicken egg trader and exporter associations on Thursday, to decide whether egg prices should be allowed to increase, as is being demanded by chicken farmers. Internal Trade Department Director-General Wattanasak Sua-iam said the meeting today (Tuesday), called to discuss egg prices and ways to
Millions of company workers can heave a sigh of relief after Labour Minister Suchart Chomklin applied the brakes on a plan to extend the retirement age from 55 to 60. But experts warn that without significant changes, the Retirement Fund of the Social Security Office (SSO) risks collapse. The International Labour Organization (ILO) has long
Many food vendors in Thailand are complaining over skyrocketing pork prices, forcing them to increase the prices of their dishes by 5 baht a plate. Pork prices are currently 210-230 baht/kg, which is much higher than in mid-2021, when the highest price was 140 baht/kg. Food vendors, especially those who sell dishes like pork fried
The Department of Livestock Development has been urged to take immediate steps to contain African Swine Fever (ASF) in Thailand’s pig farms, before more damage is done to the pig farming industry. The warning, from the deans the Faculty of Veterinary Science from 14 universities, issued in a letter addressed to the department’s director-general, Soravit
As a three-month ban on the export of pigs came into effect on January 6, debate continues over what has led to the sudden surge in pork prices. According to kasetprice.com the price of pork red meat, which was Bt140 per kilogram on December 22 last year, rose to Bt165 on December 30 and jumped to Bt190
Thai Chamber of Commerce (TCC) Chairman Sanan Angubolkul disagrees with raising the COVID-19 alert level to the extent that business activities are locked down again, saying that such a decisive measure would drive the country backward. His remark came a day ahead of a meeting of the Centre for COVID-19 Situation Administration (CCSA), which will
Effective today (Thursday), the export of live pigs from Thailand is banned for three months, after the Commerce Ministry decided yesterday on measures to ease runaway pork prices in the domestic market, which are already over 200 baht/kg and rising. Commerce Minister Jurin Laksanawisit, who chaired a meeting yesterday (Wednesday) of the Central Committee on
Thailand’s Ministry of Agriculture and Agricultural Cooperatives will consult the Commerce Ministry over a temporary ban on the export of live pigs, to ease skyrocketing pork prices which are affecting vendors and consumers. Deputy Agriculture Minister Prapat Pothasuthon called an urgent meeting today (Wednesday), with representatives of the Livestock Development Department, the Bank of Agriculture
TOKYO, Jan 4 (Reuters) – Asia’s factory activity grew in December as companies took rising global cases of the new Omicron coronavirus variant in stride, though persistent supply constraints and rising input costs clouded the outlook for some economies. The rising rate of global infections have raised eyebrows among policymakers, with outbreaks in China forcing some firms to suspend
The Thai General Insurance Association has predicted that more insurance companies may collapse next year, due to the surging number of claims for compensation for COVID-19 infections, if the Omicron variant spreads across the country. The association’s president, Anon Wangvasu, said yesterday (Wednesday) that insurance companies as a whole have sustained losses, amounting to 37
Health care, beauty services and E-commerce have been identified as three top-performing businesses for the coming year, as they were this year, in wake of the COVID-19 pandemic, according to a projection by the Centre of Economic and Business Forecasting of the University of Thai Chamber of Commerce (UTCC). It said that, as many businesses
Thai economists have expressed concern that an outbreak of the COVID-19 Omicron variant, if it drags on for a long period, will severely impact Thailand’s economic growth. Amornthep Jawala, assistant managing director of the research office of CMB Thai Bank, said yesterday that, although the office has not yet adjusted down Thailand’s GDP projection for
