News
Thailand’s renewable energy plan boosts battery storage systems
Electric vehicles (EVs) are widely known for their battery power but batteries are also crucial for buildings, factories, and power plants using renewable energy. They provide lighting, support daily operations, and serve as backup electricity sources.Battery energy storage systems (BESS) are essential for buildings and renewable power generation facilities ...
Flooding in 19 provinces
Flooding persists in 19 provinces in the North, the Northeast, Central Plains and the South, affecting more than 66,000 households.The Department of Disaster Prevention and Mitigation on Tuesday reported there were still floods in Chiang Rai, Chiang Mai, Lamphun, Lampang, Tak, Phitsanulok, Nakhon Sawan and Sukhothai ...
Unemployment hits 9-month high
The unemployment rate in Thailand has reached a nine-month high of about 2% of registered workers, as the country struggles to deal with slow economic growth and more factory shutdowns, according to the Employers’ Confederation of Thai Trade and Industry (EconThai).The group’s calculation is based ...
Bangkok Post Reporter
Thai Central Bank Unveils Measures to Tackle High Household Debt
Thailand’s central bank announced a slew of relief measures for borrowers struggling to repay home loans and credit card dues, stepping up efforts to tackle the highest household indebtedness in Southeast Asia.The minimum repayment rate of 8% for credit-card users, which the central bank earlier ...
Thomas Kutty Abraham
Thailand's most important economic goal
Any relatively new finance minister, such as Pichai Chunhavajira, comes into office facing a crowded agenda: Maintain good relations with the central bank, ensure strong revenue collections and pursue fiscally responsible policies, manage customs and excise. Keep an eye on inflation, which reached 1.54% in ...
Thailand bets on B500bn cash handout to revive economy
The government expects the rollout of a long-delayed cash handout to most adult citizens to help reverse a slump in economic activity and tackle the highest household debt in Southeast Asia. The distribution of 10,000 baht each to all Thais 16 years and older under a ...
Seeking new engines of growth
About 40 years ago, natural gas was discovered in the Gulf of Thailand, creating excitement across the country. This period marked the dawn of Thailand’s golden era. Following this discovery, the Eastern Seaboard Development Project was initiated to develop the eastern coastal region. Foreign investment ...
Bangkok Post Reporter
Thai economy faces upheaval due to factory closures and cheap Chinese imports
When Chinese electric vehicle maker BYD opened its first Southeast Asian factory in Thailand earlier this month, the nation of 66 million people basked in the limelight and won praise for its industrial vision.What, however, received less attention was an announcement by another big automobile ...
BoT views household debt trend as easing
The Bank of Thailand anticipates a further decline in the country’s household debt-to-GDP ratio, supported by the Thai economic recovery and slower loan growth.According to central bank governor Sethaput Suthiwartnarueput, Thailand’s household debt-to-GDP was 90.9% in the first quarter this year, slightly reduced from the ...
Bangkok Post Reporter
Thailand promotes “soft power” through Songkran festival
The Thai government is actively promoting its “soft power” by organising the Maha Songkran World Water Festival 2024 with a series of events taking place over five consecutive days from April 11 to 15.This activity celebrates the Songkran traditional New Year festival being recognised as ...
