Economy

Passengers to finally get refunds from high-flying Thai Airways still facing financial turbulence 

Passengers to finally get refunds from high-flying Thai Airways still facing financial turbulence 

October 21, 2022

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

It appears that the airline, kept alive by cargo freight income and the protection of the court through the pandemic emergency, has made substantial progress… Read More ›

Truss resigns as UK Prime Minister, the shortest-lived and most disastrous tenure in office ever

Truss resigns as UK Prime Minister, the shortest-lived and most disastrous tenure in office ever

October 20, 2022

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

Her replacement is expected to be unveiled in a week. Former chancellor Rishi Sunak is thought to be a key contender as is Penny Mordaunt… Read More ›

Travel to Thailand rebounding despite inflation and higher fares, now nearly 2 million a month

Travel to Thailand rebounding despite inflation and higher fares, now nearly 2 million a month

October 20, 2022

Economy, Foreigners, More News from Thailand, Thailand:

An 80% rise in energy costs in the United Kingdom and similar rises in Europe with inflation at a 40-year high may well be good… Read More ›

Amazon becomes a key investor in Thailand as cloud computer firm AWS sets up shop in Bangkok

Amazon becomes a key investor in Thailand as cloud computer firm AWS sets up shop in Bangkok

October 19, 2022

Economy, Personal, Thai World, Thailand:

There is no doubt that the US firm’s investment in Thailand through a new subsidiary firm is good news which will see Thailand become a… Read More ›

Bad news from Beijing with Xi’s rise, the prospect of war and a divided world have greatly grown

Bad news from Beijing with Xi’s rise, the prospect of war and a divided world have greatly grown

October 18, 2022

Economy, Personal, Politics, Thai World, Thailand:

Xi Jinping has presided since 2013 over a period of declining growth rates and the emergence of several great crises which have completely undermined confidence… Read More ›

Somkid: scrap submarines budget and spend less on flagship projects to boost grassroots economy

Somkid: scrap submarines budget and spend less on flagship projects to boost grassroots economy

October 17, 2022

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

On Monday, the Prime Minister’s Office welcomed last week’s report from the International Monetary Fund on the Thai economy which confirmed projected growth of 2.8%… Read More ›

Drugs showdown in the works bound to prompt memories of decisive 2003 crackdown by Thaksin government

Drugs showdown in the works bound to prompt memories of decisive 2003 crackdown by Thaksin government

October 17, 2022

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

The current campaign as well as being a response to Nong Bua Lamphu also comes after demands from other provinces around the country including Krabi… Read More ›

Pheu Thai looking at property developer tycoon Srettha for PM role after next General Election

Pheu Thai looking at property developer tycoon Srettha for PM role after next General Election

October 16, 2022

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

The speculation about who may lead a Pheu Thai government comes with the party doing well in opinion polls and after it unveiled a radical… Read More ›

Former minister questions export growth data as Bank of Thailand plans to rein in consumer loans

Former minister questions export growth data as Bank of Thailand plans to rein in consumer loans

October 12, 2022

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

Plans announced by the Bank of Thailand to issue guidance to financial institutions in the opening quarter of 2023 on reining in excessive consumer lending… Read More ›

Possible Pheu Thai PM Paetongtarn Shinawatra promises a new society where everyone is secure

Possible Pheu Thai PM Paetongtarn Shinawatra promises a new society where everyone is secure

October 9, 2022

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

Policy platform presentation on Sunday and the latest opinion poll in the northeast comes as the nation is still preoccupied with the tragic aftermath of… Read More ›

Warning to central bank to preserve Thai foreign exchange reserves for a brewing 2023 economic storm 

Warning to central bank to preserve Thai foreign exchange reserves for a brewing 2023 economic storm 

October 6, 2022

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

Many analysts believe that there is a strong geopolitical impetus in the current policy being pursued by the Federal Reserve in Washington DC which may… Read More ›

China moves to censor top western banks as its economy tanks before Communist Party summit

China moves to censor top western banks as its economy tanks before Communist Party summit

October 4, 2022

Economy, Foreigners, More News from Thailand, Thailand:

For Thailand, the downturn in China has direct implications in terms of economic growth and also the value of the Thai baht which, in the… Read More ›

Baht slide continues as Bank of Thailand sticks to its dovish and soft approach to interest rates

Baht slide continues as Bank of Thailand sticks to its dovish and soft approach to interest rates

September 28, 2022

Economy, Living, Personal, Thai World, Thailand:

Bank of Thailand sticks to its guns and holds off on higher rate rises to protect the country’s economic recovery pushing the baht into a… Read More ›

Choppy waters for the economy as central bank tries to cling to its benign interest rate policy

Choppy waters for the economy as central bank tries to cling to its benign interest rate policy

September 26, 2022

Economy, Living, Personal, Thai World, Thailand:

All eyes will be on the Bank of Thailand’s Monetary Policy Committee meeting on Wednesday when it will be under pressure to go beyond a… Read More ›

Opposition parties lose majority support since June although Paetongtarn Shinawatra still leads

Opposition parties lose majority support since June although Paetongtarn Shinawatra still leads

September 25, 2022

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

In the last week, there have been several disturbing references by senior political figures on the government side to the possibility of further extra-constitutional outcomes… Read More ›

Shock police probe into drug dealing and money laundering linked with Myanmar to strain ties

Shock police probe into drug dealing and money laundering linked with Myanmar to strain ties

September 24, 2022

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

The arrest of Dr Tun Min Latt who is at the heart of a vast conglomerate with extensive links to Myanmar’s ruling junta on suspicion… Read More ›

Thailand to scrap all emergency provisions as it seeks to boost a very fragile economic recovery

Thailand to scrap all emergency provisions as it seeks to boost a very fragile economic recovery

September 22, 2022

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

Move to scrap the Emergency Decree and the last of the entry criteria for incoming travellers is coming at a time when the full extent… Read More ›

Prawit stuns the cabinet demanding a ฿35 to the dollar rate and action from the Finance Minister to stop the slide

Prawit stuns the cabinet demanding a ฿35 to the dollar rate and action from the Finance Minister to stop the slide

September 21, 2022

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

Baht’s depreciation is now being driven by a wider difference between interest rates in the United States and Thailand which had gone beyond a critical… Read More ›

Thailand turns to Russia as foreign tourist revenue is projected to be only 21% of 2019 record figure

Thailand turns to Russia as foreign tourist revenue is projected to be only 21% of 2019 record figure

September 20, 2022

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

Plans to fly in Russian tourists via charter flights come as European countries have begun to block citizens of the Russian Federation due to the… Read More ›

Former PM Thaksin slams modest minimum wage hike of 5%, calls for ฿800 a day rate over 2 terms

Former PM Thaksin slams modest minimum wage hike of 5%, calls for ฿800 a day rate over 2 terms

September 16, 2022

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

Slow and fragile recovery is being seen which is driven by boosted consumer confidence in Thailand despite inflation and an effective haircut in real wages.… Read More ›