Economy

Bank predicts Thai exports to the US to be down by 9.2% in 2020 as the country picks up the economic pieces

Bank predicts Thai exports to the US to be down by 9.2% in 2020 as the country picks up the economic pieces

May 3, 2020

Economy, Foreigners, More News from Thailand, Thailand:

Removal of Thailand’s preferred export status in the US and a huge contraction in demand is to blame for the forecasted heavy loss of exports… Read More ›

Government to control rollback of lockdown measures to reopen all businesses from May until July

Government to control rollback of lockdown measures to reopen all businesses from May until July

April 30, 2020

Economy, Living, Personal, Thai World, Thailand:

May 3rd sees the first of four steps which will see all business premises including bars and entertainment venues reopened in Thailand before the start… Read More ›

Some shops and outlets to reopen in Bangkok but measures to be reimposed if infection rate rises

Some shops and outlets to reopen in Bangkok but measures to be reimposed if infection rate rises

April 29, 2020

Economy, Living, Personal, Thai World, Thailand:

Shops begin to reopen in Thailand tentatively and to a new order. Top government doctor says the infection rate has slowed from 2.2 to 0.7… Read More ›

Lockdown accelerates the media shift in Thailand to online news and entertainment consumption at home

Lockdown accelerates the media shift in Thailand to online news and entertainment consumption at home

April 28, 2020

Economy, Media, Personal, Thai World, Thailand:

The first quarter has seen a 10% drop in TV advertising in Thailand as online news and entertainment advertising shot up by 12%. The virus… Read More ›

Exports and the baht as ever are the keys to the Thai economy even in 2020, the year of the coronavirus

Exports and the baht as ever are the keys to the Thai economy even in 2020, the year of the coronavirus

April 22, 2020

Economy, Foreigners, More News from Thailand, Thailand:

The Thai baht lost 10% against the dollar in the first three months but since then has gained back 2%. Exports and economic performance are… Read More ›

Covid 19 electricity price reductions overshadowed by reports of skyrocketing energy bills nationwide

Covid 19 electricity price reductions overshadowed by reports of skyrocketing energy bills nationwide

April 21, 2020

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

Hard-pressed households looking forward to electricity price reductions instead this week were confronted with startling increases in bills well beyond the seasonal rise in demand… Read More ›

Government moves to clarify that it is not seeking cash from the kingdom’s richest business leaders in overture

Government moves to clarify that it is not seeking cash from the kingdom’s richest business leaders in overture

April 19, 2020

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

Government officials deny that invitations to Thailand’s top 20 tycoons to play their part in effecting the country’s economic recovery is a ‘begging’ exercise. They… Read More ›

PM calls in business tycoons to help the country crawl back to economic normality after virus catastrophe

PM calls in business tycoons to help the country crawl back to economic normality after virus catastrophe

April 18, 2020

Economy, Personal, Politics, Thai World, Thailand:

On Friday night, the Thai Prime Minister appeared to face up to the huge economic challenge confronting the kingdom as it takes its first steps… Read More ›

Stranded 66-year-old German tourist seeks help on the street from a Good Samaritan in central Bangkok

Stranded 66-year-old German tourist seeks help on the street from a Good Samaritan in central Bangkok

April 17, 2020

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

German national on Khaosan Road returning from his closed national embassy with ฿20 in his pocket for food gets a cash handout from Thai businessman… Read More ›

UK ex WHO director warns of 2 to 3 years of chaos as IMF sees Thailand as the hardest hit economy in Asia

UK ex WHO director warns of 2 to 3 years of chaos as IMF sees Thailand as the hardest hit economy in Asia

April 16, 2020

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

‘We’re not going back to normal’ says former WHO director as the cost of economic disruption spirals for Thailand. The IMF has predicted at least… Read More ›

Trump’s WHO decision and strident criticism of a cover-up just another big headache for Thailand right now

Trump’s WHO decision and strident criticism of a cover-up just another big headache for Thailand right now

April 16, 2020

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

Trump’s WHO call will present Thai authorities with another problem as they still face the virus challenge and tricky efforts to restart and preserve the… Read More ›

Lockdown review at the end of April as TOT brings forward plans to use phone boxes for virus testing

Lockdown review at the end of April as TOT brings forward plans to use phone boxes for virus testing

April 15, 2020

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

PM says the government may consider easing lockdown measures in the last week of April as two more deaths, a Chiang Mai woman and a… Read More ›

Irate self-employed go straight to the top over pernickety issues holding up Covid 19 income support payments

Irate self-employed go straight to the top over pernickety issues holding up Covid 19 income support payments

April 14, 2020

Economy, Living, Personal, Thai World, Thailand:

Up to 100 annoyed and infuriated taxi drivers and traders were handled by patient security guards until they were met at the minister’s office by… Read More ›

Different strain of virus caused the outbreak in Bangkok which plunged Thailand into a state of emergency

Different strain of virus caused the outbreak in Bangkok which plunged Thailand into a state of emergency

April 13, 2020

Economy, Living, Personal, Thai World, Thailand:

Top Thai doctors are studying different virus strains to fully understand the disease as the government considers how to bring the country out of the… Read More ›

Government begins looking at borrowing options to fund huge ฿1.9 trillion economy rescue package

Government begins looking at borrowing options to fund huge ฿1.9 trillion economy rescue package

April 12, 2020

Economy, Foreigners, More News from Thailand, Thailand:

The Thai government’s efforts to raise a further ฿1 trillion in borrowing to fund its economic stimulus package is being closely watched by analysts. One… Read More ›

Challenge of defeating both a health and economic emergency a big ask for Thailand’s government in crisis mode

Challenge of defeating both a health and economic emergency a big ask for Thailand’s government in crisis mode

April 10, 2020

Economy, Personal, Politics, Thai World, Thailand:

Putting Thailand back on track economically after the Covid 19 virus emergency may be a far more difficult job than overcoming the health threat. Even… Read More ›

Only 7% of applicants for informal sector financial supports have received the green light for payouts

Only 7% of applicants for informal sector financial supports have received the green light for payouts

April 9, 2020

Economy, Personal, Thai World, Thailand:

Only a small minority of applications for the monthly support payments during the virus emergency have been approved from a large range of informal workers… Read More ›

Thailand and US aim for a new more ‘proactive’ trading relationship as ambassador meets Prayuth

Thailand and US aim for a new more ‘proactive’ trading relationship as ambassador meets Prayuth

April 8, 2020

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

Today’s meeting between the PM and American Ambassador say Thai sources could lead to a more ‘proactive’ trading relationship. General Prayuth revealed that he had… Read More ›

Thailand faces a third shock after the virus if high debt and the informal economy are not prioritised

Thailand faces a third shock after the virus if high debt and the informal economy are not prioritised

April 3, 2020

Economy, Foreigners, More News from Thailand, Thailand:

BANGKOK: A World Bank report this week highlights Thailand, Southeast Asia’s second-largest economy, as one of the key concerns in the region as it faces… Read More ›

Huge demand for emergency supports with over 20 million to apply for self employed payments

Huge demand for emergency supports with over 20 million to apply for self employed payments

March 30, 2020

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

BANGKOK: As well as creating a huge technical problem for the Ministry of Finance website with over 10 times the load or public demand on… Read More ›