Economy

Prime Minister Srettha still doggedly pushing his less than popular and legally perilous Digital Wallet plan

Prime Minister Srettha still doggedly pushing his less than popular and legally perilous Digital Wallet plan

February 6, 2024

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

PM Srettha Thavisin presses on doggedly with his increasingly contentious Digital Wallet scheme. The plan faces public indifference, warnings of legal peril for ministers involved… Read More ›

Elephant pants should be a Thai success story. Instead, it is a story of economic policy failure as manufacturing slips 

Elephant pants should be a Thai success story. Instead, it is a story of economic policy failure as manufacturing slips 

February 4, 2024

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

Thailand’s economic struggles take centre stage as the global success of elephant pants reveals a harsh truth – over 70% are manufactured in China. The… Read More ›

Central Bank warns interest rates are a short-term tool. Lower borrowing rates can also have adverse consequences

Central Bank warns interest rates are a short-term tool. Lower borrowing rates can also have adverse consequences

February 2, 2024

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

Bank of Thailand cautions against interest rate cuts, highlighting short-term gains with potential long-term pitfalls. Senior Director Sakkapop Panyanukul emphasises winners and losers in the… Read More ›

Government steps up campaign targeting the Bank of Thailand on interest rates citing an economic ‘crisis’

Government steps up campaign targeting the Bank of Thailand on interest rates citing an economic ‘crisis’

January 31, 2024

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

Populist rhetoric rises as officials criticise the central bank’s monetary policy. The Government is pressuring the Bank of Thailand to cut rates, but its Governor… Read More ›

Positive January tourism data with the kingdom on target to welcome 3.17 million foreign visitors

Positive January tourism data with the kingdom on target to welcome 3.17 million foreign visitors

January 25, 2024

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

Visa-free regime boosts Chinese interest and sentiment, while caution arises given last year’s pattern. Russian tourists with 90-day stays contribute to the robust influx, generating… Read More ›

Srettha plans a visa-free hub by asking the European Union for a mutual visa waiver similar to China

Srettha plans a visa-free hub by asking the European Union for a mutual visa waiver similar to China

January 25, 2024

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

Prime Minister Srettha envisions Thailand as a World aviation hub. On Wednesday, he spoke of a reciprocal visa exemption deal with the European Union. The… Read More ›

It’s not an economic crisis, it’s a quagmire of structural problems that cannot be fixed overnight 

It’s not an economic crisis, it’s a quagmire of structural problems that cannot be fixed overnight 

January 24, 2024

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

On Tuesday, Bank of Thailand Governor Sethaput rejected the term ‘crisis’ despite slower growth. However, the clash with PM Srettha deepened as, on Wednesday, Mr… Read More ›

Questions about the viability of Srettha’s land bridge arise despite Monday’s euphoric briefings in Ranong

Questions about the viability of Srettha’s land bridge arise despite Monday’s euphoric briefings in Ranong

January 23, 2024

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

Prime Minister Srettha Thavisin returned from the World Economic Forum (WEF) 2024 energised by ambitious plans for Thailand’s future. In particular, he appears focused on… Read More ›

Central bank: the corporate bond market is sound but the economy needs long-term structural reform

Central bank: the corporate bond market is sound but the economy needs long-term structural reform

January 20, 2024

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

Bank of Thailand: The corporate bond market is strong. However, the economy needs a long-term overhaul. Rollover risks of corporate bonds downplayed. With global factors… Read More ›

Vietnamese duo arrested as police smash theft ring in Bangkok targeting foreign tourists at Grand Palace

Vietnamese duo arrested as police smash theft ring in Bangkok targeting foreign tourists at Grand Palace

January 18, 2024

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

Vietnamese duo arrested for targeting tourists at the Grand Palace in Metropolitan Police crackdown. Japanese tourist’s bag was snatched and ฿459,670 was charged by the… Read More ›

Digital Wallet plan blown out of the water by corruption body on Tuesday warning of illegality  

Digital Wallet plan blown out of the water by corruption body on Tuesday warning of illegality  

January 17, 2024

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

The National Anti-Corruption Commission (NACC) has dealt a severe blow to Prime Minister Srettha Thavisin’s Digital Wallet initiative, warning of potential legal violations related to… Read More ›

Thai PM and top leaders fly the flag at Davos as IMF says AI benefits  wealthier countries far more

Thai PM and top leaders fly the flag at Davos as IMF says AI benefits wealthier countries far more

January 15, 2024

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

Thai PM Srettha Thavisin leads at Davos, rallying ‘Team Thailand’ with top execs. IMF warns AI benefits wealthier nations more, posing challenges for Thailand. The… Read More ›

Government closely monitoring Thailand’s corporate sector bond market. Fears of a pending crisis

Government closely monitoring Thailand’s corporate sector bond market. Fears of a pending crisis

January 13, 2024

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

With a colossal private sector debt, experts warn of a potential economic implosion. The finance ministry closely monitors the situation, hinting at a possible emergency… Read More ›

Taiwan’s most closely watched election since the first in 1996. Danger of war as China lashes out a warning

Taiwan’s most closely watched election since the first in 1996. Danger of war as China lashes out a warning

January 12, 2024

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

Taiwan’s Election: China’s war warning sparks global concern. In a historic and tense electoral showdown, Taiwan faces a pivotal moment as China issues a stark… Read More ›

Questions asked about the Thai Chinese visa waiver scheme ahead of high profile visit to Beijing to sign the deal

Questions asked about the Thai Chinese visa waiver scheme ahead of high profile visit to Beijing to sign the deal

January 11, 2024

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

Thai-Chinese visa deal: High hopes and high stakes! Optimism soars as Thailand eyes 8 million Chinese tourists in 2024. As the Minister of Foreign Affairs… Read More ›

Blind man conned out of land by his deceased mother’s younger sister after signing up for a loan

Blind man conned out of land by his deceased mother’s younger sister after signing up for a loan

January 10, 2024

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

Blind man’s heartbreaking betrayal as his Aunt swindles his land for a loan. In a week of uplifting financial disability support hikes, Mr Likhit’s tale… Read More ›

PM again attacks central bank on interest rates as deputy Finance Minister raises bond concerns

PM again attacks central bank on interest rates as deputy Finance Minister raises bond concerns

January 8, 2024

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

Economic turmoil online: PM’s second attack on Bank of Thailand raises bond concerns. Prime Minister Srettha Thavisin launched a scathing attack on the Bank of… Read More ›

Marijuana industry faces disaster as Health Minister unveils law to outlaw recreational pot use in Thailand

Marijuana industry faces disaster as Health Minister unveils law to outlaw recreational pot use in Thailand

January 7, 2024

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

Thai Cannabis Crackdown: Health Minister’s new law targets recreational use and challenges Bhumjaithai’s legacy. Minister Cholnan unveils strict cannabis law, eliminating recreational use. The current… Read More ›

Jury still out on EV vehicles but with its back against the wall, Thailand is all in for the ride at high torque

Jury still out on EV vehicles but with its back against the wall, Thailand is all in for the ride at high torque

January 6, 2024

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

Thailand’s car market grapples with a 30% sales slump in 2023. The government is pinning its hopes on Electric Vehicles (EVs) to revitalise the industry.… Read More ›

New tax era in Thailand begins as Revenue now shares data with 138 countries within the OECD

New tax era in Thailand begins as Revenue now shares data with 138 countries within the OECD

January 6, 2024

Economy, Living, Personal, Thai World, Thailand:

Thailand’s Tax Revolution – The Revenue Department of Thailand embraces a new era in tax enforcement, sharing data with 138 countries within the OECD framework.… Read More ›