Economy news of Thailand

Decreasing Diesel Prices in Thailand: A Key Catalyst for the Country's Economic Growth and Tourism Boom.

In connection with the transition of the government into an interim regime after the early dissolution of Parliament, the Minister of Energy of Thailand Supattatanapong Punmichao found himself in a difficult position.

Representatives of the European Commission confirmed that they will consider the proposal of the interim cabinet of ministers to allocate 10.46 billion baht to subsidize electricity costs for household consumers. 

Thailand's air conditioner production peaked in eight years, driven by unusually hot summers, high dust concentrations and expanding export markets. 

The global economy continues to experience instability, which leads to an increase in demand for gold from major central banks around the world. 

As part of the upcoming elections, Thailand's five major political parties presented their programs for the development of the Eastern Economic Corridor (EEC), the country's flagship project.

According to a report published by Kasicorn Bank, in 2022, the level of household debt in Thailand continued to grow and reached 15.09 trillion. baht, which is 180 billion baht more than in the previous quarter. 

In Thailand, discussions continue on the extraction of potash salts. Political parties speak for or against mining, but everyone agrees that the development of this industry must ensure tight control over compliance with environmental standards. 

Over the past years of the rule of Prime Minister Pratyut Chan-ocha, his ideas on the creation of the Eastern Economic Zone (VEZ) have not been properly implemented. 

Airports of Thailand Plc (AOT) has developed a plan to create the first green airport in Thailand in 4 years. The goal is to switch to the use of renewable energy at the airport, which will reduce electricity costs by 20-30% per year.

In the coming years, Thailand will face serious problems in the development of the economy if political parties do not pay due attention to environmental issues and attract foreign investors. 

Under this strategy, the Thai Ministry of Commerce plans to export 7.5 to 8 million tons of rice this year.