Economy

Battle against the bully baht to save the Thai economy from further economic slowdown in 2020

Battle against the bully baht to save the Thai economy from further economic slowdown in 2020

January 9, 2020

Economy, Personal, Thai World, Thailand:

The Deputy Secretary-General at the Office of the Prime Minister Kobsak Pootrakool this week highlighted the ‘worrying’ situation that the Thai economy finds itself in… Read More ›

Polls show the public becoming more polarised as Deputy PM assures public there is nothing to worry about

Polls show the public becoming more polarised as Deputy PM assures public there is nothing to worry about

January 5, 2020

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

Super Poll’s Noppadol Kannikar while commenting on the latest disturbing findings has criticised the coalition government’s messaging which he concludes is being outdone by Future… Read More ›

Economy continues to spiral downwards as the baht breaks the ฿30 barrier in the other direction

Economy continues to spiral downwards as the baht breaks the ฿30 barrier in the other direction

December 31, 2019

Economy, Foreigners, More News from Thailand, Thailand:

The malaise in Thailand’s export and manufacturing sector is beginning to feed more and more into employment levels with a series of factory closures before… Read More ›

Rice price spike but drought conditions to recede – security concern for the Mekong river

Rice price spike but drought conditions to recede – security concern for the Mekong river

December 30, 2019

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

Last year at the height of the drought crisis, the Thai government reached out to Beijing and called in the Chinese ambassador to discuss conditions… Read More ›

Chinese domination of Thailand’s e-commerce sector to grow further with the Eastern Economic Corridor

Chinese domination of Thailand’s e-commerce sector to grow further with the Eastern Economic Corridor

December 28, 2019

Economy, Personal, Thai World, Thailand:

Thailand appears to have lost out in the race to find its own Jack Ma or e-commerce market leader in a market increasingly dominated by… Read More ›

Output down by over 7% as the government opens social security to older self-employed Thais

Output down by over 7% as the government opens social security to older self-employed Thais

December 26, 2019

Economy, Foreigners, Personal, Politics, Thailand:

In spite of lowering factory output, exports and depressed public sentiment, the Thai state’s revenue for October and November grew by 4.6%, well ahead of… Read More ›

Survey says that 10% of Thai bank accounts have 93% of funds with 19% having less than ฿500

Survey says that 10% of Thai bank accounts have 93% of funds with 19% having less than ฿500

December 24, 2019

Economy, Foreigners, More News from Thailand, Thailand:

It comes as the Bank of Thailand Governor points to ‘disappointing’ prospects for 2020 as the bank reduced its forecast for this year and next.… Read More ›

Thailand cannot afford another year like 2019 and the borrowing stakes are getting higher moving into 2020

Thailand cannot afford another year like 2019 and the borrowing stakes are getting higher moving into 2020

December 11, 2019

Economy, Foreigners, More News from Thailand, Thailand:

On the positive side, there are three bright hopes. One is a decline in the value of the Thai baht against the expectations of financial… Read More ›

Richest man in Thailand calls for less time spent at school and a Thai education revolution for a new era

Richest man in Thailand calls for less time spent at school and a Thai education revolution for a new era

December 6, 2019

Economy, Foreigners, Personal, Politics, Thailand:

The Chairman of Charoen Pokphand Group Dhanin Chearavanont made his radical thinking on education public at the World Education Forum in Paris this week. The… Read More ›

PM’s speech may signal a tougher line in dealing with the Thai baht now thwarting growth of the economy

PM’s speech may signal a tougher line in dealing with the Thai baht now thwarting growth of the economy

December 2, 2019

Economy, Foreigners, More News from Thailand, Thailand:

The chief strategist of Krungthai Bank Jittipol Puksamatanan believes that Thailand’s massive $222 billion in foreign reserves is what is driving the appreciation of the… Read More ›

Outlook for the Thai economy is bleak and will get bleaker due to its rapidly ageing population – biggest issue

Outlook for the Thai economy is bleak and will get bleaker due to its rapidly ageing population – biggest issue

December 1, 2019

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

Thailand is facing an array of economic challenges that will take radical and strong leadership to even keep at bay in the next twenty years… Read More ›

Thailand and Hong Kong plot closer economic ties and free trade pact as the city is mired in political crisis 

Thailand and Hong Kong plot closer economic ties and free trade pact as the city is mired in political crisis 

November 30, 2019

Economy, Personal, Thai World, Thailand:

Thailand is to use Hong Kong as a gateway to China’s Greater Bay area while Hong Kong will use Thailand as a gateway to the… Read More ›

Chaos as senior officials deny easing and postponement the chemical ban announced by the Industry Minister

Chaos as senior officials deny easing and postponement the chemical ban announced by the Industry Minister

November 28, 2019

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

Extraordinary press conference saw senior officials of the Thai government deny the briefing given to the media yesterday by the Minister of Industry Suriya Juangroongruangkit… Read More ›

Chemical ban delay to cause a government crisis as shock move rebuts Bhumjaithai ministers

Chemical ban delay to cause a government crisis as shock move rebuts Bhumjaithai ministers

November 27, 2019

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

The ban had been driven fiercely by junior agriculture minister Mananya Thaiset for whom today’s decision will be seen as a setback. The move also… Read More ›

Minister gears up Thai education sector to meet the demands of foreign investors, job creators into the future

Minister gears up Thai education sector to meet the demands of foreign investors, job creators into the future

November 26, 2019

Economy, Foreigners, More News from Thailand, Thailand:

Thailand’s flagship industrial project will require a lift in educational standards if it is to attract the best firms worldwide to succeed. Minister has also… Read More ›

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 ›