Economy

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 ›

Strengthening baht predicted as investors bet on a reopening of Thailand to mass tourism in 2021

Strengthening baht predicted as investors bet on a reopening of Thailand to mass tourism in 2021

November 17, 2020

Economy, Foreigners, More News from Thailand, Thailand:

The new Bank of Thailand boss, Sethaput Suthiwart-Narueput, is also signalling a more hands-off approach to the currency which since the start of November is… Read More ›

World’s biggest free trade deal just signed will be a huge boost for the Thai economy and exports 

World’s biggest free trade deal just signed will be a huge boost for the Thai economy and exports 

November 15, 2020

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

The trade deal is a definite blow to US interests in the Asia Pacific while key economists see it leading to enhanced prosperity and integration… Read More ›

Big tech US website Tripadvisor stings struggling Thai hotels and resorts after acting in bad faith

Big tech US website Tripadvisor stings struggling Thai hotels and resorts after acting in bad faith

November 14, 2020

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

Actions of US tech giant are questionable and have left a family business struggling with a tsunami of negative and vituperative commentary after it was… Read More ›

Thai ministers set out ambitious agenda to make the kingdom the dominant digital player in ASEAN

Thai ministers set out ambitious agenda to make the kingdom the dominant digital player in ASEAN

November 12, 2020

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

Another seminar, later in the week, heard a more down to earth assessment as Thai entrepreneur, Amarit Charoenphan, bemoaned the closure of the kingdom to… Read More ›