Economy

Decision time on plans to ease further restrictions on foreign tourists with strong conflicting views at this time

Decision time on plans to ease further restrictions on foreign tourists with strong conflicting views at this time

April 18, 2022

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

Minister of Public Health Anutin Charnvirakul on Monday was more cautious when he confirmed that the government was moving towards endemic status but stressed that… Read More ›

Minister proposes that vaccinated tourists fly in without notice from May 1st to boost the economy

Minister proposes that vaccinated tourists fly in without notice from May 1st to boost the economy

April 14, 2022

Economy, Foreigners, More News from Thailand, Thailand:

Thailand’s foreign tourism industry is not expected to make a full recovery until 2026 according to Bank of Thailand Governor Sethaput Suthiwartnarueput as the Asia… Read More ›

Even with high infection levels, top officials are saying that incoming tourism will see a takeoff from now

Even with high infection levels, top officials are saying that incoming tourism will see a takeoff from now

April 13, 2022

Economy, Personal, Thai World, Thailand:

Indications that the kingdom will drop entry restrictions after the Songkran holidays come to an end. The news is coming with an encouraging take off… Read More ›

US sanctions on Russia part of a ‘profound’ geopolitical shift to Asia as many US firms leave China

US sanctions on Russia part of a ‘profound’ geopolitical shift to Asia as many US firms leave China

April 11, 2022

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

US President Biden’s key policy adviser for the Indo Pacific on the National Security Council has told an Asia Pacific summit organised by a Washington… Read More ›

Fears growing that Covid may yet derail plans to reopen fully to foreign tourism from July 1st next

Fears growing that Covid may yet derail plans to reopen fully to foreign tourism from July 1st next

April 8, 2022

Economy, Personal, Politics, Thai World, Thailand:

The news comes with rising foreign tourist arrivals from April reportedly up by 66% this week as the requirement for a pre-departure test and a… Read More ›

Prolonged Ukraine war to see Thai inflation at 6.3%, a stalled economy and a possible downgrade

Prolonged Ukraine war to see Thai inflation at 6.3%, a stalled economy and a possible downgrade

April 2, 2022

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

Vice President at Siam Commercial Bank Yanyong Thaicharoen shared an economic assessment from the bank’s Economic Intelligence Centre this week. He predicted growth this year… Read More ›

Thai planners prepare to let the baht ‘swing’ in a move to boost growth via tourism and exports at this time

Thai planners prepare to let the baht ‘swing’ in a move to boost growth via tourism and exports at this time

March 29, 2022

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

Top university boss predicts that, technically, Thailand has already entered into a period of 1970s stagflation as he lowered the economic growth projection for the… Read More ›

Minister says Thailand Pass could be gone by June 1st, but suggests the retention of a test on arrival

Minister says Thailand Pass could be gone by June 1st, but suggests the retention of a test on arrival

March 26, 2022

Economy, Foreigners, More News from Thailand, Thailand:

Comments by Thailand’s Minister of Tourism and Sports on Thursday to industry representatives of the Association of Thai Travel Agents, while appearing to be positive… Read More ›

Banks downgraded as the Thai economy faces a liquidity crisis caused by war and tourism barriers

Banks downgraded as the Thai economy faces a liquidity crisis caused by war and tourism barriers

March 24, 2022

Economy, Living, Personal, Thai World, Thailand:

Thailand’s economy remains highly dependent on both exports and foreign tourism with the current storm again highlighting this factor. The loss of foreign tourism income… Read More ›

Travel sector calls for endemic status, scrapping of Thailand Pass and full normality on entry to the country

Travel sector calls for endemic status, scrapping of Thailand Pass and full normality on entry to the country

March 23, 2022

Economy, Foreigners, More News from Thailand, Thailand:

Industry leaders from the Federation of Thai Industries to the Thai Chamber of Commerce have urged the government to expedite the plan to declare the… Read More ›

Advertising income from foreign internet firms boosts Thailand’s coffers as oil prices recede

Advertising income from foreign internet firms boosts Thailand’s coffers as oil prices recede

March 20, 2022

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

Electricity prices to rise to ฿4 a unit from May as government plans a new series of supports for families in its effort to raise… Read More ›

A second war raging in Myanmar unlike anything seen since World War Two with over 12,000 dead

A second war raging in Myanmar unlike anything seen since World War Two with over 12,000 dead

March 16, 2022

Economy, Foreigners, More News from Thailand, Thailand:

On Tuesday, the Information and Investment ministries in Nay Pyi Taw put forward a cross border trading scheme for use by Thai firms using the… Read More ›

Thai tourism emphasises its neutrality in the Ukraine war, calls for a review of payment systems

Thai tourism emphasises its neutrality in the Ukraine war, calls for a review of payment systems

March 11, 2022

Economy, Foreigners, More News from Thailand, Thailand:

The rising emergency and disruption to prospects for tourism come amid plummeting consumer and business confidence as the overall Thai economy has been hit with… Read More ›

Oil still boss as Thailand’s economy faces a return to 1970s stagflation over the ongoing Ukraine war

Oil still boss as Thailand’s economy faces a return to 1970s stagflation over the ongoing Ukraine war

March 9, 2022

Economy, Living, Personal, Thai World, Thailand:

On Tuesday, following a tense cabinet meeting, the Prime Minister pleaded with the public to cut back on the use of cars and air conditioning.… Read More ›

‘Call the police’ says Big Joke after meeting 64-year-old Khon Kaen widow, a loan sharks victim

‘Call the police’ says Big Joke after meeting 64-year-old Khon Kaen widow, a loan sharks victim

March 6, 2022

Crime, Economy, Personal, Thai World, Thailand:

Widow and street seller who could not feed her family turned to illegal lenders and was charged 30% interest per month. She called the police… Read More ›

Fears for Thailand’s economy over Ukraine war with rising inflation rates and loss of confidence

Fears for Thailand’s economy over Ukraine war with rising inflation rates and loss of confidence

March 4, 2022

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

Thai exporters say that shipments will be off by between $4 billion and $5 billion by the end of June. At the same time, the… Read More ›

Thailand votes on the right side of history in UN deploring Russian military action in Ukraine 

Thailand votes on the right side of history in UN deploring Russian military action in Ukraine 

March 3, 2022

Economy, Personal, Politics, Thai World, Thailand:

The vote came after heightened diplomatic representations by western ambassadors this week to the Thai Ministry of Foreign Affairs in Bangkok and what is reported… Read More ›

Thailand should move more towards a circular economy as the country faces intractable hurdles

Thailand should move more towards a circular economy as the country faces intractable hurdles

February 25, 2022

Economy, Personal, Thai World, Thailand:

Economic concept advocated this week by the World Bank chief has similarities to the sufficiency economy concept proposed by King Bhumibol Adulyadej in 1997 and… Read More ›

Thailand moving to scrap all tourist restrictions this year once the Covid virus is declared endemic

Thailand moving to scrap all tourist restrictions this year once the Covid virus is declared endemic

February 24, 2022

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

In recent days, the National Economic and Social Development Council (NESDC) has revised its projection for foreign tourists this year from 5 million to 5.5… Read More ›

Minister signals a move to resurrect a national internet gateway and stronger online controls

Minister signals a move to resurrect a national internet gateway and stronger online controls

February 22, 2022

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

The move is coming at a time when support for the government has hit a low ebb with a poll published last weekend showing that… Read More ›