The Energy Regulatory Commission (ERC) has clarified unequal power tariff rates for households and businesses, which caused the latter to demand authorities reconsider their decision before it takes effect in January next year. The power tariff, which determines electricity bills, remains unchanged for households at 4.72 baht per kilowatt-hour (unit), while the non-household sector will see the […]
Read MoreThailand’s fiscal status is improving thanks to a gradual economic recovery following the pandemic, which may prompt the government to lower the ceiling of the public debt-to-GDP ratio from the current 70%, according to the Public Debt Management Office (PDMO). Speaking on Monday after a meeting of the State Monetary and Fiscal Policy Committee chaired by the […]
Read MoreThe value of Thailand’s food delivery market is expected to decline by between 0.8% and 6.5% next year as people return to a normal lifestyle and eat out more, says Kasikorn Research Center (K-Research). The market value is expected to total 81-86 billion baht in 2023, but this still exceeds pre-pandemic levels, partly driven by the use […]
Read MoreThe Bank of Thailand expects the economy to continue to align with potential growth projections for the next two years, then strengthen in the longer term. For 2022, 2023 and 2024, economic growth is estimated to be 3.2%, 3.7% and 3.9%, respectively, in accordance with potential growth output of 3-4%. For the longer term, the […]
Read MoreThe Tourism and Sports Ministry is proposing only one pilot area, Bangla Walking Street in Phuket, to extend operating hours of nighttime entertainment venues until 4am after previous proposals were rejected by the Public Health Ministry. The proposal was cut to one area from multiple locations, with the ministry hoping the cabinet will consider this issue […]
Read MoreTHAILAND’S economy should continue to recover and its overall financial stability remains sound, while financial tightening globally has had a limited impact on the country’s financial conditions, the central bank said on Monday (Dec 19). A gradual rate increase is still an approach consistent with Thailand’s recovery and inflation outlook, but the central bank is […]
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