Economy

China moves to censor top western banks as its economy tanks before Communist Party summit

China moves to censor top western banks as its economy tanks before Communist Party summit

October 4, 2022

Economy, Thailand:

For Thailand, the downturn in China has direct implications in terms of economic growth and also the value of the Thai baht which, in the… Read More ›

Baht slide continues as Bank of Thailand sticks to its dovish and soft approach to interest rates

Baht slide continues as Bank of Thailand sticks to its dovish and soft approach to interest rates

September 28, 2022

Economy, Living, Thailand:

Bank of Thailand sticks to its guns and holds off on higher rate rises to protect the country’s economic recovery pushing the baht into a… Read More ›

Choppy waters for the economy as central bank tries to cling to its benign interest rate policy

Choppy waters for the economy as central bank tries to cling to its benign interest rate policy

September 26, 2022

Economy, Living, Thailand:

All eyes will be on the Bank of Thailand’s Monetary Policy Committee meeting on Wednesday when it will be under pressure to go beyond a… Read More ›

Opposition parties lose majority support since June although Paetongtarn Shinawatra still leads

Opposition parties lose majority support since June although Paetongtarn Shinawatra still leads

September 25, 2022

Economy, Living, Politics, Thailand:

In the last week, there have been several disturbing references by senior political figures on the government side to the possibility of further extra-constitutional outcomes… Read More ›

Shock police probe into drug dealing and money laundering linked with Myanmar to strain ties

Shock police probe into drug dealing and money laundering linked with Myanmar to strain ties

September 24, 2022

Crime, Economy, Politics, Thailand:

The arrest of Dr Tun Min Latt who is at the heart of a vast conglomerate with extensive links to Myanmar’s ruling junta on suspicion… Read More ›

Thailand to scrap all emergency provisions as it seeks to boost a very fragile economic recovery

Thailand to scrap all emergency provisions as it seeks to boost a very fragile economic recovery

September 22, 2022

Culture, Economy, Politics, Thailand:

Move to scrap the Emergency Decree and the last of the entry criteria for incoming travellers is coming at a time when the full extent… Read More ›

Prawit stuns the cabinet demanding a ฿35 to the dollar rate and action from the Finance Minister to stop the slide

Prawit stuns the cabinet demanding a ฿35 to the dollar rate and action from the Finance Minister to stop the slide

September 21, 2022

Economy, Living, Politics, Thailand:

Baht’s depreciation is now being driven by a wider difference between interest rates in the United States and Thailand which had gone beyond a critical… Read More ›

Thailand turns to Russia as foreign tourist revenue is projected to be only 21% of 2019 record figure

Thailand turns to Russia as foreign tourist revenue is projected to be only 21% of 2019 record figure

September 20, 2022

Economy, Living, Thailand:

Plans to fly in Russian tourists via charter flights come as European countries have begun to block citizens of the Russian Federation due to the… Read More ›

Former PM Thaksin slams modest minimum wage hike of 5%, calls for ฿800 a day rate over 2 terms

Former PM Thaksin slams modest minimum wage hike of 5%, calls for ฿800 a day rate over 2 terms

September 16, 2022

Economy, Living, Politics, Thailand:

Slow and fragile recovery is being seen which is driven by boosted consumer confidence in Thailand despite inflation and an effective haircut in real wages.… Read More ›

Myanmar’s junta crumbles along with Russia’s war in Ukraine as US progresses in the Indo Pacific

Myanmar’s junta crumbles along with Russia’s war in Ukraine as US progresses in the Indo Pacific

September 12, 2022

Economy, Media, Thailand:

Russia’s attempts to pivot to Asia were greeted politely and initially with interest up to this point by nervous Southeast Asian countries anxious for another… Read More ›

Airline boss pleads with government to delay the Thailand Tourism Fee (TTF) due later this year

Airline boss pleads with government to delay the Thailand Tourism Fee (TTF) due later this year

September 10, 2022

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

Key consideration now according to Tony Fernandes is the momentum of growing numbers which generates income for the economy including taxes for the government. Mr… Read More ›

Property market collapse in China and a Chinese economic recession is the key threat to Thailand

Property market collapse in China and a Chinese economic recession is the key threat to Thailand

September 8, 2022

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

Thai economy is currently chugging along in choppy waters as China’s problems grow and the US dices with recession. However, the key worry is, increasingly,… Read More ›

10 year visa a magnet for global citizens setting up in Thailand with zero tax on offshore income

10 year visa a magnet for global citizens setting up in Thailand with zero tax on offshore income

September 3, 2022

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

The new 10 year Long Term Visa which became open to applications on Thursday, September 1st, is expected to help generate up to 5% of… Read More ›

Thailand’s once mighty foreign tourism industry lastingly damaged with lower spends and numbers

Thailand’s once mighty foreign tourism industry lastingly damaged with lower spends and numbers

August 31, 2022

Economy, Personal, Thai World, Thailand:

Figures this week from Paris show a French foreign tourist industry achieving revenues nationally at 22% ahead of figures for 2019 while Thailand will be… Read More ›

Low spending tourists and slowing export growth but ‘intact’ economic recovery stays on track say officials 

Low spending tourists and slowing export growth but ‘intact’ economic recovery stays on track say officials 

August 27, 2022

Economy, Personal, Politics, Thai World, Thailand:

A volatile currency market, a slowing world economy amid war in Europe and raised geopolitical tensions as well as a brush this week with political… Read More ›

Thailand to hit 1.2 million foreign tourists for August with new extended visa stays from October

Thailand to hit 1.2 million foreign tourists for August with new extended visa stays from October

August 20, 2022

Economy, Living, Personal, Thai World, Thailand:

Key threat to Thailand’s economy as the year progresses is an elevated level of inflation and the slowing of economic growth in the United States… Read More ›

Nightlife until 4 am as poll shows plans to move foreign tourism upmarket a ‘recipe for disaster’

Nightlife until 4 am as poll shows plans to move foreign tourism upmarket a ‘recipe for disaster’

August 13, 2022

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

Changes to the worldwide travel industry since 2020 are more like back to the future. Industry surveys show travellers are looking for tried and trusted… Read More ›

Bank of Thailand tailors rate rise of 0.25% to avoid killing off badly needed economic growth this year

Bank of Thailand tailors rate rise of 0.25% to avoid killing off badly needed economic growth this year

August 11, 2022

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

Bank of Thailand’s modest rate rise will not stymie current economic growth and momentum which is moving upwards. The last rate rise still leaves levels… Read More ›

Thai Airways flies high as numbers skyrocket as it flies tourists into the kingdom from Europe

Thai Airways flies high as numbers skyrocket as it flies tourists into the kingdom from Europe

August 10, 2022

Economy, Personal, Thai World, Thailand:

2022 could be the year that Thai Airways returns to operational profitability as the Minister of Finance reveals that state banks will provide any required… Read More ›

Thai economy in an upswing with over 1 million foreign tourists in July powering higher GDP gains

Thai economy in an upswing with over 1 million foreign tourists in July powering higher GDP gains

August 3, 2022

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

Prime Minister Prayut Chan ocha expressed optimism about the economic situation on Tuesday saying the kingdom’s prospects had not been as good since 2017. However,… Read More ›