Economy

Bank of Thailand boss hints at a digital baht which may help revive the virus ravaged cash economy

Bank of Thailand boss hints at a digital baht which may help revive the virus ravaged cash economy

September 13, 2021

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

New digital currency will be secure but it will need to be traceable to prevent fraud while offering its users far more security. The ‘new… Read More ›

Thai PM in call for deeper ties and partnership between ASEAN bloc and China in a post-Covid era

Thai PM in call for deeper ties and partnership between ASEAN bloc and China in a post-Covid era

September 12, 2021

Economy, Personal, Thai World, Thailand:

Thai premier heralds a further decade of deeper cooperation between China and the 10 member ASEAN bloc based on combating a common public health threat… Read More ›

Warning from Pattaya hotel industry boss of a Chinese takeover, loss of income to the wider Thai economy

Warning from Pattaya hotel industry boss of a Chinese takeover, loss of income to the wider Thai economy

September 11, 2021

Economy, Living, Personal, Thai World, Thailand:

The Minister of Tourism and Sports, Mr Phiphat Ratchakitprakarn, last week talked of a nationwide reopening to foreign tourists without quarantine based on the kingdom… Read More ›

New emergency law planned as official says half the people in Bangkok may have contracted COVID

New emergency law planned as official says half the people in Bangkok may have contracted COVID

September 9, 2021

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

The Thai Council of State is currently reviewing a draft public health emergency law which will come to parliament in November to replace the Emergency… Read More ›

New normal tourism may see foreign and local tourists segregated at Pattaya tourist attractions

New normal tourism may see foreign and local tourists segregated at Pattaya tourist attractions

September 6, 2021

Economy, Personal, Thai World, Thailand:

Figures from Phuket show an average spend of ฿57,949 for each visitor but nearly 50% of this went on certified accommodation and medical bills. The… Read More ›

Only 13% will visit Thailand under the kingdom’s demanding entry process with 2021 economic growth at stake

Only 13% will visit Thailand under the kingdom’s demanding entry process with 2021 economic growth at stake

September 2, 2021

Economy, Personal, Politics, Thai World, Thailand:

Readers survey has some good news for the government as problems grow for the Phuket Sandbox with a ‘crisis’ now on the island according to… Read More ›

October reopening of foreign tourism to Thailand could be another false dawn with cumbersome entry regime

October reopening of foreign tourism to Thailand could be another false dawn with cumbersome entry regime

August 30, 2021

Economy, Personal, Thai World, Thailand:

With a floundering Phuket Sandbox which followed the now-forgotten Special Tourist Visa, the message for the Thai government on recovering the foreign tourism industry is… Read More ›

Rising infections, bad press and burdensome rules still real threats to the slowing Phuket Sandbox

Rising infections, bad press and burdensome rules still real threats to the slowing Phuket Sandbox

August 28, 2021

Economy, Personal, Thai World, Thailand:

The Phuket Sandbox has now come to represent Thailand’s efforts to refloat its foreign tourism industry. Last week saw Police Lieutenant General Surachate Hakparn or… Read More ›

Officials switch to prioritising economic recovery as CCSA expected to agree a new Covid approach

Officials switch to prioritising economic recovery as CCSA expected to agree a new Covid approach

August 25, 2021

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

The baht rallied by 1% on Tuesday along with the stock exchange after it became clear that the Thai government is intent on reopening the… Read More ›

Prime Minister calls for unity as he promises the kingdom is set to make a sustainable recovery from the crisis

Prime Minister calls for unity as he promises the kingdom is set to make a sustainable recovery from the crisis

August 22, 2021

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

A Suan Dusit economic opinion poll on Sunday appears to show a more resilient population with 32.31% of people saying they could survive for between… Read More ›

Richest man in Thailand says COVID-19 is like a World War, the kingdom could end up a big loser

Richest man in Thailand says COVID-19 is like a World War, the kingdom could end up a big loser

August 20, 2021

Economy, Foreigners, More News from Thailand, Thailand:

The latest test for the government comes as the country’s last engine of economic growth finds itself under attack from the Delta variant of the… Read More ›

Ad spends predicted to dive by 2.7% in 2021 driven by extended virus-induced economic disruption

Ad spends predicted to dive by 2.7% in 2021 driven by extended virus-induced economic disruption

August 18, 2021

Economy, Personal, Thai World, Thailand:

Online media stands out in 2021 as it is projected to make a 14% gain together with in-store promotion as advertising executives adopt new strategies… Read More ›

Bigger crisis than 1997 as taxis give up and central bank urges up to ฿1 trillion more in public debt

Bigger crisis than 1997 as taxis give up and central bank urges up to ฿1 trillion more in public debt

August 17, 2021

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

The economy continues to be impacted by extended lockdown measures and trillions of baht lost through the effective closure of the foreign tourism industry. Amid… Read More ›

Foreigners in Thailand have nearly ฿600 billion in the bank as inequality and poverty rise alarmingly

Foreigners in Thailand have nearly ฿600 billion in the bank as inequality and poverty rise alarmingly

August 11, 2021

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

Figures published this week show a strong financial system but a deeply dysfunctional economy plagued by growing inequality. Thailand’s economic problems date back to well… Read More ›

Rising prospect of GDP contraction for 2021 may see government breach the legal public debt limit

Rising prospect of GDP contraction for 2021 may see government breach the legal public debt limit

August 4, 2021

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

The Thai government is facing ever more dismal economic prospects as an export sector leader warns of calamity if firms continue to lose hundreds of… Read More ›

Phuket and Ko Samui pilot tourism reopenings feel the strain as infection numbers rise on holiday islands

Phuket and Ko Samui pilot tourism reopenings feel the strain as infection numbers rise on holiday islands

July 31, 2021

Economy, Living, Personal, Thai World, Thailand:

The collapse of Thailand’s foreign tourism industry since April 2020 has seen Thailand, a country already experiencing a lower than normal growth level, become the… Read More ›

Western nations and Japan come to Thailand’s assistance as the COVID-19 emergency escalates

Western nations and Japan come to Thailand’s assistance as the COVID-19 emergency escalates

July 29, 2021

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

A further 1 million vaccine doses from the United States, as well as 1.1 million antigen test kits and ventilators donated by Switzerland, announced in… Read More ›

A dead mother beside her children and a taxi driver who slept, show us a nation riven by an extended crisis

A dead mother beside her children and a taxi driver who slept, show us a nation riven by an extended crisis

July 27, 2021

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

Shocking stories from the streets, a rented room, taxi and even a temple tell us about a crisis and suffering that is more stark and… Read More ›

Party leader and popular candidate for PM calls for political unity, presents a plan to defeat the virus

Party leader and popular candidate for PM calls for political unity, presents a plan to defeat the virus

July 25, 2021

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

Khunying Sudarat Keyuraphan is an experienced former cabinet minister who was the leading candidate for Prime Minister of the largest Thai political party during the… Read More ›

State regulatory process linked with Thailand’s vaccination programme’s chronic delays admits top official

State regulatory process linked with Thailand’s vaccination programme’s chronic delays admits top official

July 23, 2021

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

The National Vaccine Security Act 2018, a law passed by the National Legislative Assembly, appears to have been the template for the government’s incoherent vaccine… Read More ›