Economy

Ministers suggest an easing of the travel ban for some tourists but a continued state of emergency

Ministers suggest an easing of the travel ban for some tourists but a continued state of emergency

June 9, 2020

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

Top government members suggest that after July we could see tourists from safe areas arriving into Thailand while retaining the state of emergency to allow… Read More ›

Thailand plans to prioritise Asian countries in its search for safe Covid 19 ‘tourism bubble’ partners

Thailand plans to prioritise Asian countries in its search for safe Covid 19 ‘tourism bubble’ partners

June 8, 2020

Economy, Foreigners, More News from Thailand, Thailand:

Plans to restart tourism to begin with bilateral tourism bubble agreements with Asian countries. The move is being pushed by Prime Minister Prayut Chan ocha… Read More ›

Thai economy in even greater peril as Covid 19 shutdown appears to have had a bigger impact than expected 

Thai economy in even greater peril as Covid 19 shutdown appears to have had a bigger impact than expected 

June 7, 2020

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

The economic intelligence unit of one of Thailand’s major banks now predicts a 7.3% contraction in the Thai economy and at least a 72% dip… Read More ›

Election of Prawit as Palang Pracharat leader will see more grassroots politics in government 

Election of Prawit as Palang Pracharat leader will see more grassroots politics in government 

June 4, 2020

Economy, Personal, Politics, Thai World, Thailand:

General Prawit Wongsuwan is tipped to lead the Palang Pracharat Party next month. The mass resignation of 18 executive members on Monday paves the way… Read More ›

Economic hole caused by virus pandemic yawns as Bank of Thailand flags large current account loss

Economic hole caused by virus pandemic yawns as Bank of Thailand flags large current account loss

June 4, 2020

Economy, Foreigners, More News from Thailand, Thailand:

Coronavirus impact on the Thai economy begins to bite harder as current account surplus turns to a deficit in April as tourism stops. Predictions of… Read More ›

Thailand begins herd immunity study in Pattani as the world questions the response to Covid 19 and lockdowns

Thailand begins herd immunity study in Pattani as the world questions the response to Covid 19 and lockdowns

June 2, 2020

Economy, Living, Personal, Thai World, Thailand:

Herd immunity study by Chulalongkorn University on a village in the Thung Yang Daeng district of southern Pattani. It comes, as around the world, people… Read More ›

Baht again being targeted by big money piling even more misery on an already crippled Thai economy

Baht again being targeted by big money piling even more misery on an already crippled Thai economy

June 1, 2020

Economy, Personal, Thai World, Thailand:

Spike in the Thai baht has caused Bank of Thailand, Deputy Governor Mathee Supapongse to warn that the central bank will take action. He indicated… Read More ›

US is a better friend for Thailand than China says US ambassador as tensions grow between the 2 powers

US is a better friend for Thailand than China says US ambassador as tensions grow between the 2 powers

May 31, 2020

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

US ambassador Michael DeSombre raised concerns about China’s actions on the Mekong river and failure to control the flow of drug precursor substances for illicit… Read More ›

Thailand’s economy has become dependent on government expenditure to stay above water

Thailand’s economy has become dependent on government expenditure to stay above water

May 30, 2020

Economy, Personal, Thai World, Thailand:

Figures show exports are down sharply with tourism halted and Thai household expenditure off by 15.1% for the first four months. The Bank of Thailand’s… Read More ›

Thai Airways files for bankruptcy and gets court protection here as heavyweights are brought on board

Thai Airways files for bankruptcy and gets court protection here as heavyweights are brought on board

May 27, 2020

Economy, Foreigners, More News from Thailand, Thailand:

Thai Airways files for bankruptcy at the Central bankruptcy court in Bangkok as 4 new heavyweight directors take their seats on the board. The firm… Read More ›

New normal for foreigners seeking access to Thailand even after flights resume if virus persists as a factor

New normal for foreigners seeking access to Thailand even after flights resume if virus persists as a factor

May 25, 2020

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

Deputy Immigration Bureau Commander explains the legal and official situation for foreigners currently seeking access to Thailand. While asking for patience and cooperation at this… Read More ›

Thai Airways and its workers face an uncertain future as it prepares to fly into bankruptcy protection in June

Thai Airways and its workers face an uncertain future as it prepares to fly into bankruptcy protection in June

May 22, 2020

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

As Thai Airways readies itself to file for bankruptcy with mandarins at the Ministry of Transport now firmly in control, many questions remain. Not least,… Read More ›

Thai Airways to file for bankruptcy in survival and restructuring plan which could still see jobs lost as it unfolds

Thai Airways to file for bankruptcy in survival and restructuring plan which could still see jobs lost as it unfolds

May 19, 2020

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

State airline is to use the bankruptcy procedures as part of a rehabilitation plan being considered by the Thai government. The cabinet made the critical… Read More ›

Industry boss urges Thailand to join alternative Pacific trade pact and plan for a long recovery from virus debacle

Industry boss urges Thailand to join alternative Pacific trade pact and plan for a long recovery from virus debacle

May 17, 2020

Economy, Personal, Thai World, Thailand:

Vice president of the Federation of Thai Industries says Thailand should join the 11 member CPTPP pact and bolster its trade access as a priority… Read More ›

Thailand extends ban on inbound flights until July 1st at the earliest – blow to foreigners and tourism

Thailand extends ban on inbound flights until July 1st at the earliest – blow to foreigners and tourism

May 16, 2020

Economy, Foreigners, More News from Thailand, Thailand:

Saturday’s announcement by the Civil Aviation Authority of Thailand means no inbound passenger flights to the kingdom until July 1st. The move will be another… Read More ›

Thai workers left facing mass unemployment as Chiang Mai hotel staff protest ฿10m wage arrears

Thai workers left facing mass unemployment as Chiang Mai hotel staff protest ฿10m wage arrears

May 15, 2020

Economy, Personal, Thai World, Thailand:

The luxury Dhara Dhevi Resort Hotel in Chiang Mai, one of the most expensive hotels in the province, closed this month leaving up to 200… Read More ›

Risk must be taken to open up Thailand and its tourism industry without delay says richest man

Risk must be taken to open up Thailand and its tourism industry without delay says richest man

May 14, 2020

Economy, Foreigners, More News from Thailand, Thailand:

Thailand’s richest man, Dhanin Chearavanont, has warned that the Thai economy won’t survive a prolonged virus crisis. He has called for tourism to be opened… Read More ›

Tourism minister pushes end of year levy to include Covid 19 health insurance for visitors to Thailand

Tourism minister pushes end of year levy to include Covid 19 health insurance for visitors to Thailand

May 12, 2020

Economy, Foreigners, More News from Thailand, Thailand:

Plans for a tourism levy in Thailand were being developed by Naresuan University and the Insurance Commission last year but were shelved in favour of… Read More ›

Top bank sees rise in money on deposit in reaction to the virus emergency and rattled markets

Top bank sees rise in money on deposit in reaction to the virus emergency and rattled markets

May 9, 2020

Economy, Foreigners, More News from Thailand, Thailand:

Bank boss also points to clients switching banks seeking stability at this uncertain time as the reason for its surprise growth in funds held. The… Read More ›

PM thanks Thai entrepreneurs as he aims for a safe return to a confident future free of the coronavirus threat

PM thanks Thai entrepreneurs as he aims for a safe return to a confident future free of the coronavirus threat

May 8, 2020

Economy, Living, Personal, Thai World, Thailand:

Prime Minister Prayuth Chan ocha indicated a May 17th second stage easing of virus lockdown measures as he looked forward to the return of business… Read More ›