Articles by: Joseph O' Connor

Central bank to lower GDP growth forecast as its attention turns to private sector debt management

Central bank to lower GDP growth forecast as its attention turns to private sector debt management

June 22, 2021

Economy, Politics, Thailand:

Bank appears to be getting ready to tackle skyrocketing household debt levels which continue to significantly outpace GDP gains. Such a move could in itself… Read More ›

Thailand abstains as the UN calls for Myanmar’s return to democracy and a junta arms embargo to quell conflict

Thailand abstains as the UN calls for Myanmar’s return to democracy and a junta arms embargo to quell conflict

June 20, 2021

Politics, Thailand:

Young people across Myanmar take up arms as the wave of protests against the February 1st coup morphs into an effort to create an alternative… Read More ›

Coalition MPs support opposition’s constitutional reform plan to scrap the Senate’s right to vote on PM 

Coalition MPs support opposition’s constitutional reform plan to scrap the Senate’s right to vote on PM 

June 17, 2021

Politics, Thailand:

14 amendments will be debated by the Thai parliament from June 22nd to 24th including a call by all parties involved in Wednesday’s meeting with… Read More ›

Defiant Prayut vows to lead his government to full term until 2023 election and post virus economy

Defiant Prayut vows to lead his government to full term until 2023 election and post virus economy

June 16, 2021

Economy, Politics, Thailand:

PM offered an apology on Tuesday after he came out fighting on Monday evening following a day of crisis when the vaccine supply debacle over… Read More ›

Loan bill passes but Thai economic prospects are not bright with a 1.8% 2021 GDP gain predicted

Loan bill passes but Thai economic prospects are not bright with a 1.8% 2021 GDP gain predicted

June 12, 2021

Economy, Politics, Thailand:

The Kingdom and the government must strive hard to keep up the vaccination drive to have any chance of overcoming the virus crisis but the… Read More ›

Anutin: General Election may be called by the PM within the next 12 months after cabinet advice

Anutin: General Election may be called by the PM within the next 12 months after cabinet advice

June 9, 2021

Economy, Personal, Politics, Thai World, Thailand:

The government also scored notable victories in the parliamentary sphere last week with the passage of the budget bill, the appointment of Minister of Finance,… Read More ›

Supreme Court Chief sets up panel to investigate bribery claims linked to ฿11 billion tax appeal by Toyota

Supreme Court Chief sets up panel to investigate bribery claims linked to ฿11 billion tax appeal by Toyota

June 7, 2021

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

Allegations of corruption relating to the tax case have been looked into by two leading US law firms and are being investigated by federal prosecutors.… Read More ›

IMF urges government to loosen nation’s purse strings as finances tighten with the tax take down

IMF urges government to loosen nation’s purse strings as finances tighten with the tax take down

June 5, 2021

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

Washington based monetary policy institute warns the Covid-19 virus is still the master of the economic situation as the human suffering in Thailand takes its… Read More ›

Budget bill passed but not before Bhumjaithai Party MPs call for a walkout from the government

Budget bill passed but not before Bhumjaithai Party MPs call for a walkout from the government

June 4, 2021

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

The partisan rhetoric and criticism of the government were heightened and ratcheted up further this week with reports from social media suggesting former Prime Minister… Read More ›

Failure to pass the ฿500 billion borrowing decree could lead to the dissolution of parliament

Failure to pass the ฿500 billion borrowing decree could lead to the dissolution of parliament

May 30, 2021

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

Deputy Prime Minister Wissanu Krea-ngam has taken issue with the legal strategy of a former finance minister who has filed legal proceedings with the Administrative… Read More ›

Baht to strengthen later in the year even after July as foreign tourists will return says top bank economist

Baht to strengthen later in the year even after July as foreign tourists will return says top bank economist

May 27, 2021

Economy, Personal, Politics, Thai World, Thailand:

Despite the return of growth in Thailand’s export sector with encouraging news this week reported for April, the country has run on a negative current… Read More ›

Phuket still to reopen by July 1st but key economic agency predicts a 99% wipeout in tourist arrivals

Phuket still to reopen by July 1st but key economic agency predicts a 99% wipeout in tourist arrivals

May 23, 2021

Economy, Personal, Thai World, Thailand:

Thailand’s goal of developing its domestic tourism market is only helped by its foreign tourism industry and is ultimately dependent on overall economic development and… Read More ›

Economic picture continues to darken as cabinet approves new ฿700 billion loan to plug the gap of higher deficits

Economic picture continues to darken as cabinet approves new ฿700 billion loan to plug the gap of higher deficits

May 20, 2021

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

Baht has lost 4.8% since mid-December 2020 as the country has shown a current account negative balance since November 2020. Figures released on Monday show… Read More ›

Thailand facing a credit crunch as 3rd virus wave craters the kingdom’s economic recovery plans

Thailand facing a credit crunch as 3rd virus wave craters the kingdom’s economic recovery plans

May 14, 2021

Economy, Living, Personal, Politics, Thai World, Thailand:

Liquidity in the banking system decreased by 70% from May 2020 to March 2021 with the latest figures from the first quarter of this year… Read More ›

Trade pact with Hong Kong as Thailand negotiates both Chinese and new western trade relationships

Trade pact with Hong Kong as Thailand negotiates both Chinese and new western trade relationships

May 12, 2021

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

The development, over the weekend, to postpone the decision on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) must be looked at both from… Read More ›

Economy’s financial position is sound says central bank boss but Thailand is dealing with a crisis

Economy’s financial position is sound says central bank boss but Thailand is dealing with a crisis

May 8, 2021

Economy, Personal, Thai World, Thailand:

The current rocky economic road could be longer than at first thought as prospects for 2021 have begun to evaporate while the government continues to… Read More ›

‘No one is safe until everyone is safe.’ Foreigners and expats on vaccine to do list says top official at ministry

‘No one is safe until everyone is safe.’ Foreigners and expats on vaccine to do list says top official at ministry

May 7, 2021

Economy, Living, Personal, Thai World, Thailand:

Both a spokesman for the Ministry of Foreign Affairs, on Wednesday, Natapanu Nopakun and the Head of the Department of Disease Control at the Ministry… Read More ›

Thai government urged to buy more vaccine doses at any cost as the only way out of a growing crisis

Thai government urged to buy more vaccine doses at any cost as the only way out of a growing crisis

May 5, 2021

Economy, Living, Personal, Thai World, Thailand:

Government’s handling of the vaccination campaign is being openly criticised for being too short-sighted and lacking ambition. One analyst has said the government can have… Read More ›

Economy can weather the storm caused by third virus wave downturn no matter how rough it gets

Economy can weather the storm caused by third virus wave downturn no matter how rough it gets

April 28, 2021

Economy, Foreigners, More News from Thailand, Thailand:

Japanese rating agency explains the fundamentals of Thailand’s economy which may yet allow it to defy the new challenges posed by a deadly third wave… Read More ›

PM Prayut hands power back to the CCSA to find 100 million vaccine doses to defeat Covid-19

PM Prayut hands power back to the CCSA to find 100 million vaccine doses to defeat Covid-19

April 27, 2021

Living, Personal, Politics, Thai World, Thailand:

The move comes as the clamour for Deputy Prime Minister and Minister of Public Health Anutin Charnvirakul to resign mounts, with an online petition, launched… Read More ›