Economy

Baht again being targeted by big money piling even more misery on an already crippled economy

Baht again being targeted by big money piling even more misery on an already crippled economy

June 1, 2020

Economy, Thailand:

Spike in the Thai baht has caused Bank of Thailand, Deputy Governor Mathee Supapongse to warn that the central bank will take action. He indicated… Read More ›

US is a better friend for Thailand than China says US ambassador as tensions grow between the 2 powers

US is a better friend for Thailand than China says US ambassador as tensions grow between the 2 powers

May 31, 2020

Economy, Politics, Thailand:

US ambassador Michael DeSombre raised concerns about China’s actions on the Mekong river and failure to control the flow of drug precursor substances for illicit… Read More ›

Thailand’s economy has become dependent on government expenditure to stay above water

Thailand’s economy has become dependent on government expenditure to stay above water

May 30, 2020

Economy, Thailand:

Figures show exports are down sharply with tourism halted and Thai household expenditure off by 15.1% for the first four months. The Bank of Thailand’s… Read More ›

Thai Airways files for bankruptcy and gets court protection here as heavyweights are brought on board

Thai Airways files for bankruptcy and gets court protection here as heavyweights are brought on board

May 27, 2020

Economy, Thailand:

Thai Airways files for bankruptcy at the Central bankruptcy court in Bangkok as 4 new heavyweight directors take their seats on the board. The firm… Read More ›

New normal for foreigners seeking access to Thailand even after flights resume if virus persists as a factor

New normal for foreigners seeking access to Thailand even after flights resume if virus persists as a factor

May 25, 2020

Economy, Living, More News from Thailand, Thailand:

Deputy Immigration Bureau Commander explains the legal and official situation for foreigners currently seeking access to Thailand. While asking for patience and cooperation at this… Read More ›

Thai Airways and its workers face an uncertain future as it prepares to fly into bankruptcy protection in June

Thai Airways and its workers face an uncertain future as it prepares to fly into bankruptcy protection in June

May 22, 2020

Economy, Politics, Thailand:

As Thai Airways readies itself to file for bankruptcy with mandarins at the Ministry of Transport now firmly in control, many questions remain. Not least,… Read More ›

Thai Airways to file for bankruptcy in survival and restructuring plan which could still see jobs lost as it unfolds

Thai Airways to file for bankruptcy in survival and restructuring plan which could still see jobs lost as it unfolds

May 19, 2020

Economy, Politics, Thailand:

State airline is to use the bankruptcy procedures as part of a rehabilitation plan being considered by the Thai government. The cabinet made the critical… Read More ›

Industry boss urges Thailand to join alternative Pacific trade pact and plan for a long recovery from virus debacle

Industry boss urges Thailand to join alternative Pacific trade pact and plan for a long recovery from virus debacle

May 17, 2020

Economy, Personal, Thai World, Thailand:

Vice president of the Federation of Thai Industries says Thailand should join the 11 member CPTPP pact and bolster its trade access as a priority… Read More ›

Thailand extends ban on inbound flights until July 1st at the earliest – blow to foreigners and tourism

Thailand extends ban on inbound flights until July 1st at the earliest – blow to foreigners and tourism

May 16, 2020

Economy, Foreigners, More News from Thailand, Thailand:

Saturday’s announcement by the Civil Aviation Authority of Thailand means no inbound passenger flights to the kingdom until July 1st. The move will be another… Read More ›

Thai workers left facing mass unemployment as Chiang Mai hotel staff protest ฿10m wage arrears

Thai workers left facing mass unemployment as Chiang Mai hotel staff protest ฿10m wage arrears

May 15, 2020

Economy, Personal, Thai World, Thailand:

The luxury Dhara Dhevi Resort Hotel in Chiang Mai, one of the most expensive hotels in the province, closed this month leaving up to 200… Read More ›

Risk must be taken to open up Thailand and its tourism industry without delay says richest man

Risk must be taken to open up Thailand and its tourism industry without delay says richest man

May 14, 2020

Economy, Foreigners, More News from Thailand, Thailand:

Thailand’s richest man, Dhanin Chearavanont, has warned that the Thai economy won’t survive a prolonged virus crisis. He has called for tourism to be opened… Read More ›

Tourism minister pushes end of year levy to include Covid 19 health insurance for visitors to Thailand

Tourism minister pushes end of year levy to include Covid 19 health insurance for visitors to Thailand

May 12, 2020

Economy, Foreigners, More News from Thailand, Thailand:

Plans for a tourism levy in Thailand were being developed by Naresuan University and the Insurance Commission last year but were shelved in favour of… Read More ›

Top bank sees rise in money on deposit in reaction to the virus emergency and rattled markets

Top bank sees rise in money on deposit in reaction to the virus emergency and rattled markets

May 9, 2020

Economy, Foreigners, More News from Thailand, Thailand:

Bank boss also points to clients switching banks seeking stability at this uncertain time as the reason for its surprise growth in funds held. The… Read More ›

PM thanks Thai entrepreneurs as he aims for a safe return to a confident future free of the coronavirus threat

PM thanks Thai entrepreneurs as he aims for a safe return to a confident future free of the coronavirus threat

May 8, 2020

Economy, Living, Personal, Thai World, Thailand:

Prime Minister Prayuth Chan ocha indicated a May 17th second stage easing of virus lockdown measures as he looked forward to the return of business… Read More ›

New taxi cab as Air Force delivers safety bulkhead barrier solution to protect drivers and passengers

New taxi cab as Air Force delivers safety bulkhead barrier solution to protect drivers and passengers

May 7, 2020

Economy, Living, Personal, Thai World, Thailand:

New look for the inside of Thai taxi cabs as the Air Force delivers new bulkhead partitions to top taxi fleets in Bangkok. See-through dividers… Read More ›

‘New normal’ life and economy could be here for 9 months warns Thai Prime Minister on Tuesday at briefing

‘New normal’ life and economy could be here for 9 months warns Thai Prime Minister on Tuesday at briefing

May 6, 2020

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

Life in Thailand reopens to a ‘new normal’ existence with the effects of the virus expected to be with the kingdom for 6 to 9… Read More ›

Top Thai executives roll out plans but ultimately ‘herd immunity’ may be the basis for recovery in the long run

Top Thai executives roll out plans but ultimately ‘herd immunity’ may be the basis for recovery in the long run

May 5, 2020

Economy, Living, Thailand:

Thailand’s wealthiest businessmen are putting their money where their mouths are in plans to help ‘revive’ the economy as it faces its bleakest hour. However,… Read More ›

Bank predicts Thai exports to the US to be down by 9.2% in 2020 as the country picks up the economic pieces

Bank predicts Thai exports to the US to be down by 9.2% in 2020 as the country picks up the economic pieces

May 3, 2020

Economy, Foreigners, More News from Thailand, Thailand:

Removal of Thailand’s preferred export status in the US and a huge contraction in demand is to blame for the forecasted heavy loss of exports… Read More ›

Government to control rollback of lockdown measures to reopen all businesses from May until July

Government to control rollback of lockdown measures to reopen all businesses from May until July

April 30, 2020

Economy, Living, Personal, Thai World, Thailand:

May 3rd sees the first of four steps which will see all business premises including bars and entertainment venues reopened in Thailand before the start… Read More ›

Some shops and outlets to reopen in Bangkok but measures to be reimposed if infection rate rises

Some shops and outlets to reopen in Bangkok but measures to be reimposed if infection rate rises

April 29, 2020

Economy, Living, Personal, Thai World, Thailand:

Shops begin to reopen in Thailand tentatively and to a new order. Top government doctor says the infection rate has slowed from 2.2 to 0.7… Read More ›