Economy

Covid lockdown would set back economic recovery efforts and long term goals warns the World Bank

Covid lockdown would set back economic recovery efforts and long term goals warns the World Bank

December 24, 2020

Economy, Foreigners, More News from Thailand, Thailand:

Even before the latest fears of a lockdown after the Samut Sakhon outbreak among Myanmar migrant workers, there was a concern for Thai exports in… Read More ›

Prime Minister warns employers and bent officials over illegal migrant workers but calls for calm for now

Prime Minister warns employers and bent officials over illegal migrant workers but calls for calm for now

December 22, 2020

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

Public Health Minister Anutin Charnvirakul confirmed the deployment of a 100-bed military hospital in Samut Sakhon to assist with the treatment of migrant workers in… Read More ›

Thailand in direct trade talks with 12 Indian states which could also boost the tourism industry here in 2021

Thailand in direct trade talks with 12 Indian states which could also boost the tourism industry here in 2021

December 19, 2020

Economy, Personal, Thai World, Thailand:

First mini free trade deal pact with an Indian state will likely be with Telangana whose capital in southern India is Hyderabad which is home… Read More ›

Plan to allow high tech and skilled foreigners to live and work in Thailand for up to four years

Plan to allow high tech and skilled foreigners to live and work in Thailand for up to four years

December 18, 2020

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

Expanded Smart Visa scheme is aimed at business executives, entrepreneurs, investors and even senior educators in academia who can bring added skills and know-how to… Read More ›

Baht held at current rate against the US dollar but in the long term, it may be simply unsustainable to do this

Baht held at current rate against the US dollar but in the long term, it may be simply unsustainable to do this

December 17, 2020

Economy, Personal, Thai World, Thailand:

Thailand’s central bank is prioritising the country’s nascent recovery by propping up the dollar. The recent strengthening of the baht is being driven by a… Read More ›

More assured Biden Presidency to test Bangkok as US Chinese tensions expected to remain in play in Asia

More assured Biden Presidency to test Bangkok as US Chinese tensions expected to remain in play in Asia

December 15, 2020

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

No one can deny the rise of China in the Asia Pacific region and Thailand’s move towards its orbit in the last two decades. However,… Read More ›

Challenge of the virus and closure to tourism leads to major long term changes in the Thai economy 

Challenge of the virus and closure to tourism leads to major long term changes in the Thai economy 

December 14, 2020

Economy, Foreigners, More News from Thailand, Thailand:

A vaccination passport for inoculated travellers, which may be compulsory, could be the key to reopening the world’s sky lanes in the latter half of… Read More ›

Baht breaks ฿30 to the dollar barrier as funds flow into Thai markets driven by a US Biden victory

Baht breaks ฿30 to the dollar barrier as funds flow into Thai markets driven by a US Biden victory

December 10, 2020

Economy, Foreigners, More News from Thailand, Thailand:

The take-off of a stronger baht will make the management of the economy for Thai authorities more difficult as the last quarter of 2020 and… Read More ›

PM orders easing of entry for visa waiver countries and an extended basic tourist visa stay of 45 days

PM orders easing of entry for visa waiver countries and an extended basic tourist visa stay of 45 days

December 8, 2020

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

As Thailand launches round the clock security on its borders with Myanmar and Laos, ministers have moved to assure the public that there is no… Read More ›

Political experts fear Biden Presidency could turn very sour for Thailand after US Senate resolution

Political experts fear Biden Presidency could turn very sour for Thailand after US Senate resolution

December 7, 2020

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

The language used in the draft resolution put before the US Senate Committee on Foreign Relations presented a clear message of support for the wave… Read More ›

Government expands social welfare for the poor during the Covid emergency benefiting 14 million

Government expands social welfare for the poor during the Covid emergency benefiting 14 million

December 7, 2020

Economy, Personal, Thai World, Thailand:

Key economics unit, chaired by Prime Minister Prayut Chan ocha, gave the green light on Wednesday for additional funding to run expanded social welfare schemes… Read More ›

Finance Minister says economy must pivot away from tourism with a switch to S-Curve industries

Finance Minister says economy must pivot away from tourism with a switch to S-Curve industries

December 3, 2020

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

New Finance Minister Arkhom Termpittayapaisith appeared, this week, to signal that the government was intent on moving the emphasis of the kingdoms’ economy away from… Read More ›

State home loan bank issues a profit warning as it works to assist indebted home loan borrowers in the crisis

State home loan bank issues a profit warning as it works to assist indebted home loan borrowers in the crisis

December 3, 2020

Economy, Personal, Thai World, Thailand:

Bank chief also announces that the payment deadline for November is extended for four days and that National Credit Bureau data will not be sent… Read More ›

Key Twitter account linked with supporting the monarchy shut by the tech firm over policy violations

Key Twitter account linked with supporting the monarchy shut by the tech firm over policy violations

December 1, 2020

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

Protest leader Parit Chiwarak or ‘Penguin’ has contrasted online activities in support of the student-led movement to those engaged in by a closed down account… Read More ›

Steady as she goes economy driven by exports and public investment with a 3.3% growth rate forecast for 2021

Steady as she goes economy driven by exports and public investment with a 3.3% growth rate forecast for 2021

November 28, 2020

Economy, Foreigners, More News from Thailand, Thailand:

Public confidence is key as Thailand’s economy flies into 2021 on one engine without foreign tourism. A steady, underlying recovery, seen since the third quarter,… Read More ›

Covid-19 end in sight as PM announces vaccine contract with giant UK Swedish firm AstraZeneca

Covid-19 end in sight as PM announces vaccine contract with giant UK Swedish firm AstraZeneca

November 26, 2020

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

The Prime Minister expressed satisfaction that Thailand has been able to protect its population and public health service from the Covid-19 threat and publicly linked… Read More ›

Ex Chairman of Thai Airways jailed in Bangkok for abuse of authority on fateful flight from Tokyo in 2009

Ex Chairman of Thai Airways jailed in Bangkok for abuse of authority on fateful flight from Tokyo in 2009

November 26, 2020

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

Wallop Bhukkanasut was employed by Thai Airways in senior roles before becoming Chairman in April 2009. His tenure was short-lived, brought to a crashing halt… Read More ›

Thailand’s tourism boss targets thousands instead of millions as public health is prioritised above all

Thailand’s tourism boss targets thousands instead of millions as public health is prioritised above all

November 24, 2020

Economy, Foreigners, More News from Thailand, Thailand:

Government’s economic team has approved work permits for Elite cardholders investing over $1 million over 5 years as the new, limited, foreign tourism regime becomes… Read More ›

Central Bank intervenes to stem the baht for now as the country’s foreign reserves keep growing with inflows

Central Bank intervenes to stem the baht for now as the country’s foreign reserves keep growing with inflows

November 20, 2020

Economy, Foreigners, More News from Thailand, Thailand:

On November 6th, Thailand’s foreign reserves stood at ฿7.7 trillion, an increase of 1.2% in 7 days since October 30th. The currency, despite Thailand’s lopsided… Read More ›

Thailand unlikely to reopen doors to mass-market tourism before the end of 2021 until after a full vaccination

Thailand unlikely to reopen doors to mass-market tourism before the end of 2021 until after a full vaccination

November 19, 2020

Economy, Foreigners, More News from Thailand, Thailand:

The Thai currency has been the subject of international financial players in the last few weeks who are buying up debt and assets wagering that… Read More ›