Economy

Thai Airways in peril – boss tells executives there is ‘not much time’ to save the airline from closure 

Thai Airways in peril – boss tells executives there is ‘not much time’ to save the airline from closure 

October 23, 2019

Economy, Foreigners, Politics, Thai World, Thailand:

The airline has confirmed it is reviewing every aspect of its operations including all routes as it scrambles to stem unsustainable losses with a viability… Read More ›

Banks report strong profits in the 3rd quarter pointing to a healthy underlying economy and bank sector

Banks report strong profits in the 3rd quarter pointing to a healthy underlying economy and bank sector

October 20, 2019

Economy, Personal, Thai World, Thailand:

The data from the banks and commentary back up the statement of the Bank of Thailand boss this month who said that despite the economic… Read More ›

Farmers pesticide ban may have repercussions for PM either way ahead of the crunch decision

Farmers pesticide ban may have repercussions for PM either way ahead of the crunch decision

October 19, 2019

Economy, Foreigners, Politics, Thai World, Thailand:

A policy research expert from the Thailand Development Research Institute has said that government policy should be made on sound economic and scientific grounds, not… Read More ›

Summit being targeted to announce world’s biggest trade pact with Thailand at the helm

Summit being targeted to announce world’s biggest trade pact with Thailand at the helm

October 17, 2019

Economy, Foreigners, Politics, Thai World, Thailand:

Veteran 63-year-old minister is coordinating negotiations between the 16 member states that are party to the huge economic partnership. He is working towards an official… Read More ›

Digital assets wizard with an energy and tech vision that the country needs to make Thailand 4.0 work

Digital assets wizard with an energy and tech vision that the country needs to make Thailand 4.0 work

October 15, 2019

Economy, Foreigners, Thai World, Thailand:

He has no time for a social life and he spends 7 nights a week speaking with audiences who pay him to hear about the… Read More ›

New app for expats in Thailand to be called ‘OSS Foreigner’ – Immigration reporting to be quick and easy

New app for expats in Thailand to be called ‘OSS Foreigner’ – Immigration reporting to be quick and easy

October 12, 2019

Economy, Foreigners, Thai World, Thailand:

Kobsak Pootrakool said on Wednesday that foreigners can use the app for all immigration reporting. Simply keying in data and uploading a selfie will be… Read More ›

Thailand economic prospects are dimming fast even as global agencies talk about its strength

Thailand economic prospects are dimming fast even as global agencies talk about its strength

October 11, 2019

Economy, Foreigners, More News from Thailand, Thai World, Thailand:

Growth rates slashed again as Thailand looks unlikely to hit 3% growth this year while its neighbouring economies are growing at figures in excess of… Read More ›

Thailand’s tax collectors facing falling income are readying to pounce on the internet next year

Thailand’s tax collectors facing falling income are readying to pounce on the internet next year

October 9, 2019

Economy, Foreigners, More News from Thailand, Thailand:

Finance Minister Uttama Savanayana talked about a ‘widening’ of the tax base in August. In reality, it appears to amount to a raid on the… Read More ›

Central bank boss plans to loosen capital controls and decide on broader lending curbs by year’s end

Central bank boss plans to loosen capital controls and decide on broader lending curbs by year’s end

October 7, 2019

Economy, Foreigners, Thai World, Thailand:

The director in charge of financial institutions at the Bank of Thailand has also revealed that Thai banks are more than ready to comply with… Read More ›

Deputy Transport Minister calls talks with Thai Airways, seeks new business plan in 3 months

Deputy Transport Minister calls talks with Thai Airways, seeks new business plan in 3 months

October 4, 2019

Economy, Foreigners, Thai World, Thailand:

Thailand’s Depuy Minister Thaworn Senniam said this week that he feared that Thai Airways may be flying into a ฿10 billion loss this year and… Read More ›

Thai economy remains sound says Fitch the ratings agency but baht’s surge may not yet be over

Thai economy remains sound says Fitch the ratings agency but baht’s surge may not yet be over

October 3, 2019

Economy, Foreigners, More News from Thailand, Thailand:

The key issue for Thailand’s economy remains US tariffs on Chinese imports as local firm Kasikorn Research predicts a further 2% contraction in exports for… Read More ›

Thailand’s Foreign Minister warns of the dangers of rising xenophobic populism in the world

Thailand’s Foreign Minister warns of the dangers of rising xenophobic populism in the world

October 2, 2019

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

The veteran diplomat’s comments were similar to the sentiments of the Foreign Minister from China who last week warned of a global recession if the… Read More ›

Economy not yet in crisis says central bank governor as ministers meet to discuss trade and tourism

Economy not yet in crisis says central bank governor as ministers meet to discuss trade and tourism

September 30, 2019

Economy, Personal, Thai World, Thailand:

Thailand has been hit hard by the fall out from the US-China trade war and its insipid growth rate of 2.8% as projected by the… Read More ›

Indebted teachers thrown a lifeline as a Bangkok court rules they must have 30% of their salary

Indebted teachers thrown a lifeline as a Bangkok court rules they must have 30% of their salary

September 28, 2019

Economy, More News from Thailand, Personal, Thailand:

Teachers like other officials who work for the Thai state are effectively prohibited from availing of the country’s sophisticated bankruptcy laws as it means automatic… Read More ›

Prime Minister in New York predicts that Thailand will be a first-world economy in 17 years or by 2036

Prime Minister in New York predicts that Thailand will be a first-world economy in 17 years or by 2036

September 27, 2019

Economy, Personal, Politics, Thai World, Thailand:

Reports from the Bank of Thailand’s Monetary policy committee on Wednesday this week indicated that Thailand’s tourism sector in 2019 is in decline while the… Read More ›

Thailand may resume EU free trade talks as Commerce Ministry organises public hearings

Thailand may resume EU free trade talks as Commerce Ministry organises public hearings

September 24, 2019

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

Last Friday, over $1 billion in investment projects were announced by the Board of Trade as Deputy Prime Minister Somkid Jatusripitak indicated that the European… Read More ›

Stimulus to target people at the margins as bank shares hit a nine-year low with fading income

Stimulus to target people at the margins as bank shares hit a nine-year low with fading income

September 22, 2019

Economy, Thailand:

Stimulus package required to preserve financial stability at grassroots level reveals top Ministry of Finance official as personal debt problem combines with darker economic conditions… Read More ›

Thailand and China to forge closer ties across a range of areas as high-level envoy meets Thai PM

Thailand and China to forge closer ties across a range of areas as high-level envoy meets Thai PM

September 20, 2019

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

Thai Princess among only six foreigners to receive the prestigious Chinese medal of friendship issued by a decree signed by the Chinese President this week.… Read More ›

TM6 arrivals and departure forms scrapped by the government in move to ease red tape for visitors

TM6 arrivals and departure forms scrapped by the government in move to ease red tape for visitors

September 18, 2019

Economy, Foreigners, Thai World, Thailand:

The President of the European Association of Business and Commerce has come out strongly against the continued enforcement of TM28 and TM30 immigration reporting even… Read More ›

Bank of Thailand governor warns about growing debt levels, calls for sufficiency economic thinking

Bank of Thailand governor warns about growing debt levels, calls for sufficiency economic thinking

September 18, 2019

Economy, Foreigners, Living, Thai World, Thailand:

While Thailand’s household debt to GDP ratio may be in line with other economies and below many developed countries, it is still among the highest… Read More ›