Economy

Key Twitter account linked with supporting the monarchy shut by the tech firm over violations

Key Twitter account linked with supporting the monarchy shut by the tech firm over violations

December 1, 2020

Culture, Economy, Media, Politics, Thailand:

Protest leader Parit Chiwarak or ‘Penguin’ has contrasted online activities in support of the student-led movement to those engaged in by a closed down account… Read More ›

Steady as she goes economy driven by exports and public investment with a 3.3% growth rate forecast for 2021

Steady as she goes economy driven by exports and public investment with a 3.3% growth rate forecast for 2021

November 28, 2020

Economy, Thailand:

Public confidence is key as Thailand’s economy flies into 2021 on one engine without foreign tourism. A steady, underlying recovery, seen since the third quarter,… Read More ›

Covid-19 end in sight as PM announces vaccine contract with giant UK Swedish firm AstraZeneca

Covid-19 end in sight as PM announces vaccine contract with giant UK Swedish firm AstraZeneca

November 26, 2020

Economy, Living, Thailand:

The Prime Minister expressed satisfaction that Thailand has been able to protect its population and public health service from the Covid-19 threat and publicly linked… Read More ›

Ex Chairman of Thai Airways jailed in Bangkok for abuse of authority on fateful flight from Tokyo in 2009

Ex Chairman of Thai Airways jailed in Bangkok for abuse of authority on fateful flight from Tokyo in 2009

November 26, 2020

Crime, Economy, Thailand:

Wallop Bhukkanasut was employed by Thai Airways in senior roles before becoming Chairman in April 2009. His tenure was short-lived, brought to a crashing halt… Read More ›

Thailand’s tourism boss targets thousands instead of millions as public health is prioritised above all

Thailand’s tourism boss targets thousands instead of millions as public health is prioritised above all

November 24, 2020

Economy, Thailand:

Government’s economic team has approved work permits for Elite cardholders investing over $1 million over 5 years as the new, limited, foreign tourism regime becomes… Read More ›

Central Bank intervenes to stem the baht for now as the country’s foreign reserves keep growing with inflows

Central Bank intervenes to stem the baht for now as the country’s foreign reserves keep growing with inflows

November 20, 2020

Economy, Thailand:

On November 6th, Thailand’s foreign reserves stood at ฿7.7 trillion, an increase of 1.2% in 7 days since October 30th. The currency, despite Thailand’s lopsided… Read More ›

Thailand unlikely to reopen doors to mass-market tourism before the end of 2021 until after a full vaccination

Thailand unlikely to reopen doors to mass-market tourism before the end of 2021 until after a full vaccination

November 19, 2020

Economy, Thailand:

The Thai currency has been the subject of international financial players in the last few weeks who are buying up debt and assets wagering that… Read More ›

Strengthening baht predicted as investors bet on a reopening of Thailand to mass tourism in 2021

Strengthening baht predicted as investors bet on a reopening of Thailand to mass tourism in 2021

November 17, 2020

Economy, Thailand:

The new Bank of Thailand boss, Sethaput Suthiwart-Narueput, is also signalling a more hands-off approach to the currency which since the start of November is… Read More ›

World’s biggest free trade deal just signed will be a huge boost for the Thai economy and exports 

World’s biggest free trade deal just signed will be a huge boost for the Thai economy and exports 

November 15, 2020

Economy, Politics, Thailand:

The trade deal is a definite blow to US interests in the Asia Pacific while key economists see it leading to enhanced prosperity and integration… Read More ›

Big tech US website Tripadvisor stings struggling Thai hotels and resorts after acting in bad faith

Big tech US website Tripadvisor stings struggling Thai hotels and resorts after acting in bad faith

November 14, 2020

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

Actions of US tech giant are questionable and have left a family business struggling with a tsunami of negative and vituperative commentary after it was… Read More ›

Thai ministers set out ambitious agenda to make the kingdom the dominant digital player in ASEAN

Thai ministers set out ambitious agenda to make the kingdom the dominant digital player in ASEAN

November 12, 2020

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

Another seminar, later in the week, heard a more down to earth assessment as Thai entrepreneur, Amarit Charoenphan, bemoaned the closure of the kingdom to… Read More ›

Tourism industry totters on the brink as tourists from the UK, the USA and Europe can now apply on conditions

Tourism industry totters on the brink as tourists from the UK, the USA and Europe can now apply on conditions

November 11, 2020

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

Countries in South America and the Indo Pacific region are, right now, hoovering up Thailand’s regular tourists with another contingent having already decided to stay… Read More ›

Experts see a brighter day under a Biden/ Harris US administration as PM pens congratulations

Experts see a brighter day under a Biden/ Harris US administration as PM pens congratulations

November 10, 2020

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

Top Thai economist predicts that Senator Kamala Horris will become the first female US president while government officials are preparing for a reopening and flourishing… Read More ›

US heading into a constitutional crisis with baht surging against the dollar and worried expats as events unfold

US heading into a constitutional crisis with baht surging against the dollar and worried expats as events unfold

November 6, 2020

Economy, Living, Personal, Thai World, Thailand:

Trump now seems resigned to a legal fight and has declared the election, which he appeared to be winning on Tuesday night, as ‘rigged’ through… Read More ›

US move against Thailand on trade is a warning as Thai exports to America boomed in September by over 19%

US move against Thailand on trade is a warning as Thai exports to America boomed in September by over 19%

November 1, 2020

Economy, Personal, Thai World, Thailand:

The decision, which came out of the blue this week after 12 years of talks, will impact Thai exports such as mango and pineapple making… Read More ›

Smart cities being proposed to house Chinese investors in the Eastern Economic Corridor project region

Smart cities being proposed to house Chinese investors in the Eastern Economic Corridor project region

October 29, 2020

Economy, Personal, Thai World, Thailand:

Thai Chinese business boss reveals that two Chinese firms have ฿10 billion earmarked and have already purchased land in Chachoengsao and Chonburi to build smart… Read More ›

Foreign condo buyers to get permanent residency under debt-free scheme being mooted by officials

Foreign condo buyers to get permanent residency under debt-free scheme being mooted by officials

October 26, 2020

Economy, Foreigners, More News from Thailand, Thailand:

It comes as the government attempts to streamline what has been a shambolic mismatch of regulations concerning various aspects and implementation of the Special Tourist… Read More ›

Rapidly rising debt levels in Thailand means that the country must open up to mass tourism quickly in 2021

Rapidly rising debt levels in Thailand means that the country must open up to mass tourism quickly in 2021

October 24, 2020

Economy, Foreigners, More News from Thailand, Thailand:

The reality is that this economic crisis in Thailand is only now beginning to bite as already 10% of commercial bank borrowers who availed of… Read More ›

French woman tested positive for Covid 19 on Ko Samui on October 21st confirmed top health official Friday 

French woman tested positive for Covid 19 on Ko Samui on October 21st confirmed top health official Friday 

October 23, 2020

Economy, Living, Personal, Thai World, Thailand:

The bombshell news may have implications for efforts to reopen the country to tourism although Thai officials are investigating whether the woman contracted the virus… Read More ›

Top minister accuses protesters of imperiling economic recovery and the health of Thai people at this time

Top minister accuses protesters of imperiling economic recovery and the health of Thai people at this time

October 23, 2020

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

The comments come as there are tentative signs that Thailand’s predicted economic contraction for 2020 will not be as severe as expected while the Ministry… Read More ›