Economy

Thai economy remains sound says Fitch the ratings agency as the baht’s surge may be over for now

Thai economy remains sound says Fitch the ratings agency as the baht’s surge may be over for now

October 3, 2019

Economy, Foreigners, More News from Thailand, Thailand:

The key issue for Thailand’s economy remains US tariffs on Chinese imports as local firm Kasikorn Research predicts a further 2% contraction in exports for… Read More ›

Thailand’s Foreign Minister warns of the dangers of rising xenophobic populism in the world

Thailand’s Foreign Minister warns of the dangers of rising xenophobic populism in the world

October 2, 2019

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

The veteran diplomat’s comments were similar to the sentiments of the Foreign Minister from China who last week warned of a global recession if the… Read More ›

Economy not yet in crisis says central bank governor as ministers meet to discuss trade and tourism

Economy not yet in crisis says central bank governor as ministers meet to discuss trade and tourism

September 30, 2019

Economy, Personal, Thai World, Thailand:

Thailand has been hit hard by the fall out from the US-China trade war and its insipid growth rate of 2.8% as projected by the… Read More ›

Indebted teachers thrown a lifeline as a Bangkok court rules they must have 30% of their salary

Indebted teachers thrown a lifeline as a Bangkok court rules they must have 30% of their salary

September 28, 2019

Economy, More News from Thailand, Personal, Thailand:

Teachers like other officials who work for the Thai state are effectively prohibited from availing of the country’s sophisticated bankruptcy laws as it means automatic… Read More ›

Prime Minister in New York predicts that Thailand will be a first-world economy in 17 years or by 2036

Prime Minister in New York predicts that Thailand will be a first-world economy in 17 years or by 2036

September 27, 2019

Economy, Personal, Politics, Thai World, Thailand:

Reports from the Bank of Thailand’s Monetary policy committee on Wednesday this week indicated that Thailand’s tourism sector in 2019 is in decline while the… Read More ›

Thailand may resume EU free trade talks as Commerce Ministry organises public hearings

Thailand may resume EU free trade talks as Commerce Ministry organises public hearings

September 24, 2019

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

Last Friday, over $1 billion in investment projects were announced by the Board of Trade as Deputy Prime Minister Somkid Jatusripitak indicated that the European… Read More ›

Stimulus to target people at the margins as bank shares hit a nine-year low with fading income

Stimulus to target people at the margins as bank shares hit a nine-year low with fading income

September 22, 2019

Economy, Thailand:

Stimulus package required to preserve financial stability at grassroots level reveals top Ministry of Finance official as personal debt problem combines with darker economic conditions… Read More ›

Thailand and China to forge closer ties across a range of areas as high-level envoy meets Thai PM

Thailand and China to forge closer ties across a range of areas as high-level envoy meets Thai PM

September 20, 2019

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

Thai Princess among only six foreigners to receive the prestigious Chinese medal of friendship issued by a decree signed by the Chinese President this week.… Read More ›

TM6 arrivals and departure forms scrapped by the government in move to ease red tape for visitors

TM6 arrivals and departure forms scrapped by the government in move to ease red tape for visitors

September 18, 2019

Economy, Foreigners, Thai World, Thailand:

The President of the European Association of Business and Commerce has come out strongly against the continued enforcement of TM28 and TM30 immigration reporting even… Read More ›

Bank of Thailand governor warns about growing debt levels, calls for sufficiency economic thinking

Bank of Thailand governor warns about growing debt levels, calls for sufficiency economic thinking

September 18, 2019

Economy, Foreigners, Living, Thai World, Thailand:

While Thailand’s household debt to GDP ratio may be in line with other economies and below many developed countries, it is still among the highest… Read More ›

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 ›