Economy

PM Srettha defends plan to let foreigners buy more condos and to extend lease terms up to 99 years

PM Srettha defends plan to let foreigners buy more condos and to extend lease terms up to 99 years

June 23, 2024

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

PM defends foreign condo ownership change and extended lease terms as public opposition makes itself felt. Government aims to extend foreign ownership from 49% to… Read More ›

Former Stark Chairman lands in Bangkok to face the music with nearly ฿15 billion in fraud losses

Former Stark Chairman lands in Bangkok to face the music with nearly ฿15 billion in fraud losses

June 23, 2024

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

Chanin Yensudjai, nabbed in Dubai and deported, faces charges for the Stark Corporation scandal that rocked the Stock Exchange of Thailand (SET). Authorities are ready… Read More ›

Zero-dollar tour cancer strangling Thailand’s tourism economy and poisoning its reputation abroad

Zero-dollar tour cancer strangling Thailand’s tourism economy and poisoning its reputation abroad

June 22, 2024

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

Zero-dollar tours are crippling Thailand’s tourism recovery. Up to 50% of Chinese tour group arrivals could be victims of these extortion rackets, spreading negative views… Read More ›

Good news even as top banks lower 2024 GDP outlook. Thailand ranks ahead of UK in competitiveness

Good news even as top banks lower 2024 GDP outlook. Thailand ranks ahead of UK in competitiveness

June 19, 2024

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

Good news for Thailand as S&P retains BBB+ rating despite lower GDP outlook and ฿500 billion Digital Wallet plan. Kingdom jumps ahead of the UK… Read More ›

Thai government urged to act to preserve the country’s auto industry which is fighting for survival

Thai government urged to act to preserve the country’s auto industry which is fighting for survival

June 17, 2024

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

The Thai government faces urgent demands to support the critical ICE car manufacturing sector amid an influx of unsold Chinese EVs. Over 10,000 cars clog… Read More ›

Tourist authority offers help to FTI  tourists left stranded in Thailand after tour firm collapse in Germany

Tourist authority offers help to FTI  tourists left stranded in Thailand after tour firm collapse in Germany

June 16, 2024

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

Thai hotels and tourism firms were shocked by the June 3rd collapse of German travel giant FTI, responsible for 100,000 bookings last year. Amid reports… Read More ›

Thailand’s EV car vision buckles as World markets and canny drivers at home take stock of what is on offer

Thailand’s EV car vision buckles as World markets and canny drivers at home take stock of what is on offer

June 13, 2024

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

Thailand’s ambitious EV industry plan faces challenges as Western markets and local consumers show tepid interest. May EV sales dropped 1.5% year-on-year, as traditional car… Read More ›

PM Srettha blames stock market fall on politics but the trend is linked to fundamental economic decline

PM Srettha blames stock market fall on politics but the trend is linked to fundamental economic decline

June 12, 2024

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

PM Srettha points to political instability for a 16% stock market plunge. Analysts say Thailand’s faltering economy, declining manufacturing and lack of foreign investment are… Read More ›

Government targets failing manufacturing base with a carbon tax on output to fight climate change crisis

Government targets failing manufacturing base with a carbon tax on output to fight climate change crisis

June 10, 2024

Economy, Living, Personal, Thai World, Thailand:

Thailand’s manufacturing base is crumbling due to rising costs, loss of competitiveness and technological changes. This week, the government announced a carbon tax on industrial… Read More ›

Myanmar Junta meltdown threatens to end Bangkok’s condominium sales boom as Kyat currency fails

Myanmar Junta meltdown threatens to end Bangkok’s condominium sales boom as Kyat currency fails

June 9, 2024

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

Myanmar’s junta faces financial collapse with the kyat plummeting. Remittances are halved while hyperinflation surges. Junta crackdown targets funds flowing to Bangkok’s hot condo market,… Read More ›

Free-to-air Euro 2024 on Thai TVs set to boost the country’s economy and foreign tourism efforts

Free-to-air Euro 2024 on Thai TVs set to boost the country’s economy and foreign tourism efforts

June 8, 2024

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

Thailand’s private sector and government promise free-to-air coverage of the Euro 2024 tournament. This move, driven by football’s growing popularity, aims to benefit bars, hostelries… Read More ›

Political maelstrom may be unleashed in June with potential crises brewing and coming to a climax

Political maelstrom may be unleashed in June with potential crises brewing and coming to a climax

June 7, 2024

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

Political instability looms in Thailand. Senate elections face turmoil, PM’s future in jeopardy, top party dissolution imminent, and Thaksin’s potential re-jailing. June could plunge the… Read More ›

DTV live and work Visa to be launched at the end of June says PM’s office. Reports suggest some bureaucratic delay

DTV live and work Visa to be launched at the end of June says PM’s office. Reports suggest some bureaucratic delay

June 5, 2024

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

Government House confirms the new Destination Thailand Visa (DTV) will be available by the end of June, despite speculation of delays. This visa allows foreigners… Read More ›

Thai taxman now plans to tax foreigners on all income whether it is remitted to the kingdom or not under global tax rule

Thai taxman now plans to tax foreigners on all income whether it is remitted to the kingdom or not under global tax rule

June 5, 2024

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

Thailand’s Revenue Department plans to tax all foreign residents on income earned globally, effective 2025. This move, aligned with OECD goals, aims to widen the… Read More ›

Lack of coherence in government policy is the root cause of Thailand’s massive economic problems

Lack of coherence in government policy is the root cause of Thailand’s massive economic problems

June 4, 2024

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

Thailand’s economic decline is linked to impractical and ill-conceived policies and implementation. The latest is the BRICS gamble. Despite 1,700 factory closures in 2023, no… Read More ›

Wissanu is back in government service as the aura of political instability returned to Thailand this week

Wissanu is back in government service as the aura of political instability returned to Thailand this week

May 31, 2024

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

Political turmoil and tensions resurface in Thailand. Ex-PM Thaksin faces a June 18th indictment amid doubts about his prospects for bail. In the meantime, Prime… Read More ›

Visa liberalisation measures unveiled with a DTV visa for living and working online in Thailand legally

Visa liberalisation measures unveiled with a DTV visa for living and working online in Thailand legally

May 30, 2024

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

Thailand’s cabinet announced new visa measures, including the Destination Thailand Visa (DTV), allowing digital nomads to live and work in Thailand for up to 180… Read More ›

Thailand finds itself downgraded by the World Economic Forum’s Tourism index in its latest wide ranging report

Thailand finds itself downgraded by the World Economic Forum’s Tourism index in its latest wide ranging report

May 29, 2024

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

Thailand’s tourism industry has taken a hit, falling behind Singapore, Indonesia, and Malaysia in the latest World Economic Forum report. Industry leaders demand urgent action… Read More ›

Some Expat foreign residents face a base tax bill of up to ฿71k a year and must file a return by March 2025

Some Expat foreign residents face a base tax bill of up to ฿71k a year and must file a return by March 2025

May 28, 2024

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

Foreigners in Thailand must file income tax returns for 2024 by March 2025. The new regime could mean a minimum of ฿71,000 tax for some… Read More ›

Luxury Porsche EV car worth ฿10 million self-ignites and is destroyed in minutes at a central Bangkok dealership

Luxury Porsche EV car worth ฿10 million self-ignites and is destroyed in minutes at a central Bangkok dealership

May 25, 2024

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

Luxury Porsche EV worth ฿10 million spontaneously ignites and is destroyed in central Bangkok. Firefighters controlled the blaze which erupted after it overheated. The incident… Read More ›