Economy

Despite an export contraction, Thailand’s 2019 trade surplus grew as ministers look at prospects for 2020 

Despite an export contraction, Thailand’s 2019 trade surplus grew as ministers look at prospects for 2020 

November 22, 2019

Economy, Foreigners, More News from Thailand, Thailand:

Trade friction and world economic instability likely to continue under the present US administration. Thailand still aims for 3% export growth in 2020 and economic… Read More ›

Deputy PM Somkid warns that public speculation on the economy could undermine sentiment and confidence

Deputy PM Somkid warns that public speculation on the economy could undermine sentiment and confidence

November 19, 2019

Economy, Foreigners, Personal, Thailand:

Thailand’s economics boss quoted a respected thinker and Prime Minister of Thailand from the 1970s Kukrit Pramoj who said that too much talk or commentary… Read More ›

Media study highlights Thailand’s changing media landscape as younger folk move online and are less loyal

Media study highlights Thailand’s changing media landscape as younger folk move online and are less loyal

November 18, 2019

Economy, Foreigners, Media, Personal, Thailand:

Study’s conclusions also highlight Thailand’s demographic challenge as the older market of baby boomers punch above their weight due to extended lifespans and the impact… Read More ›

Conflicting messages on the Thai economy as two opinion polls paint different pictures of what is going on

Conflicting messages on the Thai economy as two opinion polls paint different pictures of what is going on

November 17, 2019

Economy, Foreigners, Personal, Politics, Thailand:

The problem is not that the Thai government is trying to ‘spin’ the story but that there are genuinely two different ways of looking at… Read More ›

Thai government to use blockchain technology in VAT refund scheme for foreign tourists using an app

Thai government to use blockchain technology in VAT refund scheme for foreign tourists using an app

November 16, 2019

Economy, Foreigners, More News from Thailand, Thailand:

Complete revamp of the VAT refund scheme will see it now available at 8 international airports and the ceiling raised to ฿30,000. From the end… Read More ›

Dire warnings from farm experts on trade, output and the food chain as ban set to kick in

Dire warnings from farm experts on trade, output and the food chain as ban set to kick in

November 13, 2019

Economy, Personal, Politics, Thai World, Thailand:

Rice exporters support the ban and see it as a shift towards Thailand becoming an organic source of world agricultural produce in an evolving market.… Read More ›

Fears for Thai consumers gaining access to European alcoholic drinks in free trade pact

Fears for Thai consumers gaining access to European alcoholic drinks in free trade pact

November 11, 2019

Economy, Personal, Thai World, Thailand:

Thailand is pressing ahead with new trade deals and opportunities despite the challenging world economic environment and the see-saw speculation on US Chinese trade negotiations.… Read More ›

Efforts by Bank of Thailand to rein in the Thai baht as it hovers near ฿30 to the dollar in recent days

Efforts by Bank of Thailand to rein in the Thai baht as it hovers near ฿30 to the dollar in recent days

November 7, 2019

Economy, Foreigners, More News from Thailand, Thailand:

Business leaders accept that Thailand has two problems, one being the high value of the Thai baht and the other being the disruption to world… Read More ›

RCEP deal agreed as India opts out – busy Bangkok ASEAN summit concludes on a low key

RCEP deal agreed as India opts out – busy Bangkok ASEAN summit concludes on a low key

November 5, 2019

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

The decisive move by Indian PM Narendra Modi to withdraw India from the RCEP trade pact now clears the way for it to be signed… Read More ›

Internet health threat to people in Thailand and one which society must now prepare for

Internet health threat to people in Thailand and one which society must now prepare for

November 5, 2019

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

47 million Thai people are now regular Internet users in Thailand with an average usage of 5 hours and 13 minutes every day. This has… Read More ›

UN Secretary-General warns of a fractured world at the ASEAN summit over US-China split

UN Secretary-General warns of a fractured world at the ASEAN summit over US-China split

November 3, 2019

Economy, Foreigners, Personal, Thailand:

Philippines President urged ASEAN leaders not to choose sides between the US and China and to steer an independent course. He spoke of the rise… Read More ›

Biggest free trade pact in the world being readied for launch at the ASEAN summit on Monday

Biggest free trade pact in the world being readied for launch at the ASEAN summit on Monday

November 2, 2019

Economy, Personal, Thai World, Thailand:

At a sideline meeting this weekend, the Malaysian Prime Minister Mahathir Bin Mohamad was in no doubt that the ASEAN bloc was now being targeted… Read More ›

‘Real’ farmers reject ministry’s ‘organic’ vision as they seek injunctive relief in court

‘Real’ farmers reject ministry’s ‘organic’ vision as they seek injunctive relief in court

November 1, 2019

Economy, Personal, Politics, Thai World, Thailand:

Former senior Ministry of Agriculture official gives evidence to the court to support the injunction and suggests that farmers may later be forced to take… Read More ›

US coming to the ASEAN summit to talk business and trade as India threatens historic pact 

US coming to the ASEAN summit to talk business and trade as India threatens historic pact 

October 31, 2019

Economy, Foreigners, More News from Thailand, Thailand:

Thailand’s Commerce Minister has been reported as upbeat and hopeful for a historic breakthrough being announced at the summit on the launch of the Regional… Read More ›

PM readies his team to tackle the US withdrawal of Thailand’s preferred partner status

PM readies his team to tackle the US withdrawal of Thailand’s preferred partner status

October 30, 2019

Economy, Foreigners, More News from Thailand, Thailand:

Moves to deal with the new threat to Thailand’s already depressed export performance come as the Chairman of Bangkok Bank expresses concern about the impact… Read More ›

US suspension of Thai preferential trade partner status part of Trump’s ongoing trade war

US suspension of Thai preferential trade partner status part of Trump’s ongoing trade war

October 28, 2019

Economy, Foreigners, Politics, Thai World, Thailand:

The Chairman of the Thai Chamber of Commerce, Kalin Sarasin, called on the government on Monday to urgently begin negotiations with the United States over… Read More ›

Shock removal of US duty-free status on Thai exports may be linked to the pesticide ban – Trumpian diplomacy

Shock removal of US duty-free status on Thai exports may be linked to the pesticide ban – Trumpian diplomacy

October 27, 2019

Economy, Foreigners, Politics, Thai World, Thailand:

The Thai government stance on the pesticide ban has drawn support from many quarters in Thailand. The ban is seen by many as a health… Read More ›

Chemical pesticide ban will have a severe economic impact on Thailand say US officials who asked for delay

Chemical pesticide ban will have a severe economic impact on Thailand say US officials who asked for delay

October 25, 2019

Economy, Foreigners, Politics, Thai World, Thailand:

A series of letters have emerged detailing a vigorous and comprehensive campaign by the US Department of Agriculture and embassy officials to alert the Thai… Read More ›

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, Foreigners, 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 ›