Economy

Baht is the new gold but the trade war is now having a leaden effect on big business performance in Thailand

Baht is the new gold but the trade war is now having a leaden effect on big business performance in Thailand

September 15, 2019

Economy, Foreigners, Living, Thai World, Thailand:

Many economists, however, say the downturn in exports and economic problems besetting Thailand is more likely to be due to the global downturn and the… Read More ›

Thailand’s health service the sixth best in the world according to new world healthcare index

Thailand’s health service the sixth best in the world according to new world healthcare index

September 10, 2019

Economy, Foreigners, Living, Thai World, Thailand:

Thailand scored very highly on infrastructure and the competitive cost of medical services which has made the kingdom a growing centre for medical tourism. A… Read More ›

Thailand embraces the world of cryptocurrency as bond market to move into the blockchain era

Thailand embraces the world of cryptocurrency as bond market to move into the blockchain era

September 9, 2019

Economy, More News from Thailand, Personal, Thailand:

Thailand’s Bank of Thailand has already announced that it is developing its own blockchain environment and cryptocurrency to be used in interbank settlements in a… Read More ›

Business heads call on the government to curb the ever rising baht as a key economic objective

Business heads call on the government to curb the ever rising baht as a key economic objective

September 6, 2019

Economy, Foreigners, Politics, Thai World, Thailand:

The President of the Standing Committee on Commerce, Industry and Banking has said that the export contraction has fed into Thailand’s domestic economy in private… Read More ›

Man arrested in ฿500 million cryptocurrency fraud in Bangkok. Scam targeted Asian countries

Man arrested in ฿500 million cryptocurrency fraud in Bangkok. Scam targeted Asian countries

September 5, 2019

Crime, Economy, Personal, Thai World, Thailand:

Cryptocurrency trading and investing have emerged as a growing and legitimate industry in Thailand with tight government regulation. However, it still appears to be a… Read More ›

Thai households struggling with a growing debt burden with ฿13 trillion in debt owed to banks

Thai households struggling with a growing debt burden with ฿13 trillion in debt owed to banks

September 3, 2019

Economy, Personal, Thai World, Thailand:

Even during the former period of stronger economic growth, many economists presciently warned that the high level of household debt was a lag factor on… Read More ›

Tourism minister predicts a record year but says he wants western visitors back in Thailand

Tourism minister predicts a record year but says he wants western visitors back in Thailand

September 2, 2019

Economy, Foreigners, Politics, Thai World, Thailand:

Tourism Minister Phiphat Ratchakitprakarn has also suggested that he may resubmit his proposals to the cabinet on visa exemptions for visitors from India and China… Read More ›

Unit suggests that TM30 reporting be scrapped to make doing business in Thailand easier as Chambers weigh in

Unit suggests that TM30 reporting be scrapped to make doing business in Thailand easier as Chambers weigh in

August 31, 2019

Economy, Foreigners, Living, Personal, Thailand:

The TM30 reporting for foreigners living in Thailand is reported to be causing severe problems for long term expats in Thailand since March 25th this… Read More ›

Thaksin cleared in ‘Big Boss’ Krung Thai Bank loan scandal which has so far seen 19 people jailed

Thaksin cleared in ‘Big Boss’ Krung Thai Bank loan scandal which has so far seen 19 people jailed

August 31, 2019

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

The scandal has embroiled the former prime minister’s son Mr Panthongtae Shinawatra or ‘Oak’ who has denied receiving any benefit from the loans and strenuously… Read More ›

GM laying off workers at its plant at Rayong but company says it remains committed to Thailand

GM laying off workers at its plant at Rayong but company says it remains committed to Thailand

August 30, 2019

Economy, More News from Thailand, Personal, Thailand:

General Motors has its Southeast Asian headquarters in Bangkok. It ascribes the cost-cutting move to a need for efficiency in its operations in Thailand going… Read More ›

Finance minister ready to take further action to prevent the Thai economy falling into recession

Finance minister ready to take further action to prevent the Thai economy falling into recession

August 28, 2019

Economy, Foreigners, Politics, Thai World, Thailand:

The good news is that tourist figures were up in July and there was a halt to the decline of the dollar against the baht… Read More ›

Trump causes jitters in Bangkok as he signals a further deepening of the trade war with China at G7 meeting

Trump causes jitters in Bangkok as he signals a further deepening of the trade war with China at G7 meeting

August 26, 2019

Economy, Foreigners, Thai World, Thailand:

On Friday the President of the United States raised the possibility of ordering US firms and companies out of China. It has been confirmed that… Read More ›

Economy to decide the fate of Prayut’s government as opposition begins charter push

Economy to decide the fate of Prayut’s government as opposition begins charter push

August 23, 2019

Economy, Foreigners, Politics, Thai World, Thailand:

Economic observers suggest that the export contraction has been filtering into the Thai domestic economy as one Bangkok Bank report this week suggests that small… Read More ›

Tourism Minister’s plans for later nightlife hours receive a tepid response from Interior colleague

Tourism Minister’s plans for later nightlife hours receive a tepid response from Interior colleague

August 20, 2019

Economy, Foreigners, Politics, Thai World, Thailand:

Tourism minister has promised to discuss his plans with cabinet colleagues including the PM and says such a move would boost expenditure by up to… Read More ›

Thai Economic team fights back with ฿370 billion stimulus aimed at achieving 3% growth this year

Thai Economic team fights back with ฿370 billion stimulus aimed at achieving 3% growth this year

August 19, 2019

Economy, Personal, Politics, Thai World, Thailand:

As some economists talk of recession, the new government economic cabinet is hoping to launch a counter-attack on the prevailing trend in the economy this… Read More ›

Foreign Minister comes out strongly against visa waiver proposals for China and India at cabinet

Foreign Minister comes out strongly against visa waiver proposals for China and India at cabinet

August 19, 2019

Economy, Foreigners, Politics, Thai World, Thailand:

Proposals to be considered by the Thai cabinet on Tuesday. Minister draws attention to the problems of the Thai Embassy in New Delhi dealing with… Read More ›

Thailand recession fears as airline losses mount with lower tourist numbers and a strong baht

Thailand recession fears as airline losses mount with lower tourist numbers and a strong baht

August 16, 2019

Economy, Foreigners, Politics, Thai World, Thailand:

Despite a contraction in exports and perhaps because of the fall of consumer demand, the country still maintained a healthy balance of payments surplus for… Read More ›

Nation media group outlines new digital strategy as Thailand’s traditional media slumps in new era

Nation media group outlines new digital strategy as Thailand’s traditional media slumps in new era

August 15, 2019

Economy, Foreigners, Media, Thai World, Thailand:

By the end of August, 7 of Thailand’s former array of 22 TV channels in the digital spectrum will have gone dark. The Secretary-General of… Read More ›

Fury as British Embassy in Ploenchit bulldozed – sold to the Central Group for nearly ฿16 billion in record deal

Fury as British Embassy in Ploenchit bulldozed – sold to the Central Group for nearly ฿16 billion in record deal

August 14, 2019

Culture, Economy, Foreigners, Thai World, Thailand:

British Ambassador Brian Davidson highlights that the building will be rebuilt and incorporated into the new mega-mall which will give the public in Thailand access… Read More ›

Thai drug dealers go high tech with online social media accounts the key mode of distribution

Thai drug dealers go high tech with online social media accounts the key mode of distribution

August 13, 2019

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

In July, Thai police chiefs issued stern warnings to logistics and transport companies in Thailand on their role and responsibilities in combating this new and… Read More ›