Economy

Ministry of Labour plans to raise the retirement age with more workers opting out of the economy

Ministry of Labour plans to raise the retirement age with more workers opting out of the economy

September 30, 2023

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

Thailand is destined to lose 15.6% of its active workforce in the next 17 years up to 2040 while the ratio of workers to retired… Read More ›

Tourism to recover two-thirds of its 2019 income in 2023 with good news for Srettha on exports

Tourism to recover two-thirds of its 2019 income in 2023 with good news for Srettha on exports

September 28, 2023

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

Figures released for foreign tourism to September 19th show Thailand on target to earn ฿1.255 trillion from the industry this year despite a continued downturn… Read More ›

Calls for clarification of new Tax regime which appears to target expat foreign income sources

Calls for clarification of new Tax regime which appears to target expat foreign income sources

September 25, 2023

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

The tax change which has already been defended by Prime Minister Srettha Thavisin as a move against income inequality, is coming with Thailand in talks… Read More ›

Potent pot to be criminalised as the minister looks at ways to suppress recreational cannabis use

Potent pot to be criminalised as the minister looks at ways to suppress recreational cannabis use

September 23, 2023

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

The future of thousands of small businesses in Thailand that have thrived in the kingdom’s post-deregulation cannabis market which is now one of the world’s… Read More ›

Industry leader warns new government to think long term but welcomes fortnightly salary payouts

Industry leader warns new government to think long term but welcomes fortnightly salary payouts

September 22, 2023

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

A court in 2019 ruled that teachers should get at least 30% of their salary paid to them for living expenses. This was the call… Read More ›

Srettha in New York as Move Forward’s Sirikanya calls for action on crippling household debt levels

Srettha in New York as Move Forward’s Sirikanya calls for action on crippling household debt levels

September 20, 2023

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

Move Forward’s Sirikanya Tansakul says that no worker should receive less than 30% of their monthly salary into their hands after debt payments are deducted… Read More ›

Bank of Thailand boss appears critical of the new government’s policy initiatives on the economy

Bank of Thailand boss appears critical of the new government’s policy initiatives on the economy

September 19, 2023

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

Sethaput Suthiwartnarueput has emphasised, for instance, that the central bank does not approve of using digital assets to pay for goods and services, an approach… Read More ›

Police arrest Chinese kidnapper with similar details to an abduction for ransom case in April

Police arrest Chinese kidnapper with similar details to an abduction for ransom case in April

September 17, 2023

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

As Prime Minister Srettha Thavisin spent this weekend in Chiang Mai, he urged local police there to tighten security for tourists particularly for Chinese arrivals,… Read More ›

Kamnan murder case sees probe into possible corruption in Ministry of Interior contract bids 

Kamnan murder case sees probe into possible corruption in Ministry of Interior contract bids 

September 16, 2023

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

The murder of Police Lieutenant Colonel Siwakorn Saibua on Wednesday 6th September has unleashed a chain reaction with the spotlight now falling on suspected corruption… Read More ›

New Tourism minister gung ho that 2019 records can be smashed in 2024 despite falling spends

New Tourism minister gung ho that 2019 records can be smashed in 2024 despite falling spends

September 16, 2023

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

Easier visa-free access for Chinese tourists is a risky move amid lower demand with a rising flight of criminal classes and the desire by certain… Read More ›

Sobering news for new Pheu Thai ministers as economic growth rate continues to weaken

Sobering news for new Pheu Thai ministers as economic growth rate continues to weaken

September 9, 2023

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

A claim that Thailand can return to a 5% GDP growth rate made by Srettha Thavisin in Khon Kaen on Saturday is at odds with… Read More ›

Economy weakens with a July current account deficit as new cabinet plans lower electricity costs

Economy weakens with a July current account deficit as new cabinet plans lower electricity costs

September 6, 2023

Economy, Personal, Politics, Thai World, Thailand:

New Energy Minister Pirapan Salirathavibhaga speaks about sourcing oil supplies as the government seeks to carve a new energy policy and quickly reduce electricity costs… Read More ›

Srettha’s new 34-member cabinet takes power after audience with King in Bangkok on Tuesday

Srettha’s new 34-member cabinet takes power after audience with King in Bangkok on Tuesday

September 5, 2023

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

New government to fan out into ministries as the country makes a new start on Thursday after a special cabinet meeting on Wednesday to prepare… Read More ›

New visa-free regime plan for Chinese tourists will see more criminal elements entering Thailand

New visa-free regime plan for Chinese tourists will see more criminal elements entering Thailand

September 4, 2023

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

The Immigration Bureau has also expressed concern about queues and pressure at Suvarnabhumi Airport caused by the large number of Chinese arrivals expected to avail… Read More ›

Economy tanks as demand for loans surges with an acute credit crisis and falling export output reducing growth

Economy tanks as demand for loans surges with an acute credit crisis and falling export output reducing growth

August 30, 2023

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

New government is taking the helm of an economy beset by structural problems amid a severe slowdown in China and global economic growth falling back… Read More ›

Concerns over household debt rising as banks report marginally lower non-performing loans

Concerns over household debt rising as banks report marginally lower non-performing loans

August 25, 2023

Economy, Living, Personal, Thai World, Thailand:

Plan to raise credit card minimum monthly debt repayment from 5% to 10% over two years in 2024 and 2025 gives some idea of how… Read More ›

Thailand preparing for a soft landing as ‘cracks’ open up in the Chinese economy says bank chief

Thailand preparing for a soft landing as ‘cracks’ open up in the Chinese economy says bank chief

August 17, 2023

Economy, Living, Personal, Thai World, Thailand:

Baht has been on a roller coaster ride coming from a 16-year low in October 2022 to a rapid 14.4% gain and this year seeing… Read More ›

Economic danger signals emerging as politicians wrangle over who will form the next government

Economic danger signals emerging as politicians wrangle over who will form the next government

August 12, 2023

Economy, Living, Personal, Thai World, Thailand:

A troubling external geo-political environment adds to the sense of danger with US President Joe Biden warning on Friday that China’s economy, on which Thailand… Read More ›

King’s son from America spreads cheer in surprise and some would say significant visit home

King’s son from America spreads cheer in surprise and some would say significant visit home

August 10, 2023

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

From visiting an orphanage for children to riding a Tuk Tuk like any normal tourist in Bangkok to discussing Dharma with senior monks, the one-week… Read More ›

Central bank flirts with Yuan while overreliance on China negatively impacts Thai economic growth

Central bank flirts with Yuan while overreliance on China negatively impacts Thai economic growth

August 9, 2023

Economy, Living, Personal, Thai World, Thailand:

Ongoing pandering to China and a mild but clear anti-American agenda pursued by Thai authorities such as attempts by the Bank of Thailand to encourage… Read More ›

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