Articles by: Joseph O' Connor

Minister urged not to be afraid to borrow in 2021 as fears grow for a quick foreign tourism revival

Minister urged not to be afraid to borrow in 2021 as fears grow for a quick foreign tourism revival

March 7, 2021

Economy, Thailand:

Thailand’s Finance Minister said on Wednesday that 2.8% growth, itself dependent on a return of foreign tourists in large numbers in 2021, was not adequate… Read More ›

Thai Airways still requires borrowed time and money as firm submits survival plan to the bankruptcy court

Thai Airways still requires borrowed time and money as firm submits survival plan to the bankruptcy court

March 3, 2021

Economy, Thailand:

Acting President, Chansin Treenuchagron, confirmed Thai Airways currently has debts of ฿410 billion owed to over 13,000 creditors. The airline, which still has 21,000 staff… Read More ›

Minister defers to WHO on tourism vaccine passports despite its clearly stated opposition to them at this time

Minister defers to WHO on tourism vaccine passports despite its clearly stated opposition to them at this time

March 2, 2021

Economy, Thailand:

Vaccine passports, the key to reopening Thailand to foreign tourism, are a fast-rising issue on the political and economic agenda as the world’s airline and… Read More ›

Officials work on asset warehouse plan to relaunch the tourism industry in tandem with reopening

Officials work on asset warehouse plan to relaunch the tourism industry in tandem with reopening

February 27, 2021

Economy, Thailand:

Plan to save viable tourism concerns involving soft loans and asset parking which must happen in tandem with the reopening of Thailand’s borders. Most analysts… Read More ›

Economy to rebound as the year progresses driven by exports and a return of mass foreign tourism

Economy to rebound as the year progresses driven by exports and a return of mass foreign tourism

February 26, 2021

Economy, Thailand:

A Deputy spokesman at the Finance Ministry on Wednesday maintained Thailand will welcome not less than 5 million tourists this year and predicted a baseline… Read More ›

Government wins censure motion with ease looking like it will run a full term despite multiple crises

Government wins censure motion with ease looking like it will run a full term despite multiple crises

February 20, 2021

Foreigners, More News from Thailand, Politics, Thailand:

Since it came into power in the summer of 2019, the second government of Prayut Chan ocha has been beset by economic difficulties and a… Read More ›

Industry leaders and central bank all warn that foreign tourism must return to avoid a collapse

Industry leaders and central bank all warn that foreign tourism must return to avoid a collapse

February 19, 2021

Economy, Foreigners, More News from Thailand, Thailand:

Uncertainty looms as the Thai government, like its counterparts across the world, is facing an economic crisis that is growing with economic projections for GDP… Read More ›

Tragic death of a beauty queen and two others in a road accident near Khon Kaen University is a loss

Tragic death of a beauty queen and two others in a road accident near Khon Kaen University is a loss

February 16, 2021

Economy, Living, Personal, Thai World, Thailand:

Ms Monchanit was runner up as Miss Thailand in 2019 and was in her final year as a science student at Khon Kaen University. The… Read More ›

Door closing on quick foreign tourism return as economic recovery is delayed to the end of 2022

Door closing on quick foreign tourism return as economic recovery is delayed to the end of 2022

February 15, 2021

Economy, Foreigners, Living, More News from Thailand, Thailand:

Thai economic planners are still hoping for mass foreign tourism to return in the last quarter of 2021 but the projected numbers for visitors are… Read More ›

Thailand- the first large country with a fertility problem yet without wealth to easily fund healthcare for the old

Thailand- the first large country with a fertility problem yet without wealth to easily fund healthcare for the old

February 14, 2021

Economy, Foreigners, More News from Thailand, Thailand:

The kingdom’s economy will have to begin adapting its stance to cope with more old people and less working adults while still remaining a relatively… Read More ›

Thailand’s online VAT tax ready to fall on online US giants as the OECD calls for a global solution

Thailand’s online VAT tax ready to fall on online US giants as the OECD calls for a global solution

February 12, 2021

Economy, Media, Personal, Thai World, Thailand:

France faced the threat of retaliatory tariffs placed on its wine by the US over its digital tax under Trump but the current US President… Read More ›

Thai Airways seeking business rehabilitation plan that has the unanimous support of it’s creditors

Thai Airways seeking business rehabilitation plan that has the unanimous support of it’s creditors

February 9, 2021

Economy, Foreigners, More News from Thailand, Politics, Thailand:

Thailand’s Deputy Prime Minister Wissanu Krea-ngam has oversight of a government committee monitoring the progress of the board of Thai Airways International as it seeks… Read More ›

Baht losing against the dollar as vaccination success hopes in the United States grow stronger

Baht losing against the dollar as vaccination success hopes in the United States grow stronger

February 5, 2021

Economy, Foreigners, More News from Thailand, Politics, Thailand:

There may soon be even more pressure on the Thai government to push for a speedier vaccine drive. So far, the government of Prayut Chan… Read More ›

Key bank committee votes to keep interest rates steady but warns of economic risks short-term

Key bank committee votes to keep interest rates steady but warns of economic risks short-term

February 4, 2021

Economy, Foreigners, More News from Thailand, Thailand:

A top official with Standard Chartered Bank in Thailand agreed there was no need to move on interest rates now but felt it may still… Read More ›

US and UK show a way to end vaccine nightmare says top doctor urging vaccination for ‘herd immunity’

US and UK show a way to end vaccine nightmare says top doctor urging vaccination for ‘herd immunity’

February 3, 2021

Economy, Foreigners, Living, More News from Thailand, Politics, Thailand:

Thailand now appears ready to go all-in on a vaccine programme while the AstraZeneca vaccine still remains the only approved jab. This week, the Chairman… Read More ›

Minister positive about the kingdom’s finances and economy as it weathers the Covid-19 storm

Minister positive about the kingdom’s finances and economy as it weathers the Covid-19 storm

February 1, 2021

Economy, Personal, Politics, Thai World, Thailand:

Underlying figures for the economy in December 2020 were quite positive and showed recovering economic momentum despite the setback of the 2nd wave which hit… Read More ›

Call from Washington hints at a bigger role in US foreign policy plans in the Asia Pacific region

Call from Washington hints at a bigger role in US foreign policy plans in the Asia Pacific region

January 31, 2021

Economy, Foreigners, More News from Thailand, Politics, Thailand:

Deputy Prime Minister Don Pramudwinai is confident of an improved US Thai relationship after a phone conversation last Thursday with newly confirmed Secretary of State… Read More ›

Fact – only 6,556 visitors arrived in Thailand last month compared to 3.95 million in December 2019

Fact – only 6,556 visitors arrived in Thailand last month compared to 3.95 million in December 2019

January 26, 2021

Economy, Foreigners, More News from Thailand, Thailand:

Government battling on all fronts to tame the latest virus wave while the loss of foreign tourism income has begun to bite even harder as… Read More ›

Desperate foreign tourism business concerns are clinging to straws as they try to survive the crisis

Desperate foreign tourism business concerns are clinging to straws as they try to survive the crisis

January 24, 2021

Economy, Foreigners, More News from Thailand, Thailand:

Most senior officials and economists agree that vaccination programmes bringing about a return to health security is the only answer for Thailand’s tourism industry. Yet,… Read More ›

Thai bank bucks the trend as most report sharp drops in profit and a cautious outlook for 2021

Thai bank bucks the trend as most report sharp drops in profit and a cautious outlook for 2021

January 23, 2021

Economy, Foreigners, More News from Thailand, Thailand:

It was a rather sombre picture as Thai banks, in reports to the Stock Exchange of Thailand, reported an overall 23% drop in profits for… Read More ›