Economy

Strong money inflows drive baht upwards. Business leaders warn it is time for urgent central bank action

Strong money inflows drive baht upwards. Business leaders warn it is time for urgent central bank action

September 27, 2024

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

Thai baht rockets 12.5% against USD as foreign inflows surge. Business leaders urge central bank action to protect exports, tourism, and the economy from losses… Read More ›

Thailand’s most needy, parched for cash, receive some respite as Digital Wallet initiative pays out at ATMs

Thailand’s most needy, parched for cash, receive some respite as Digital Wallet initiative pays out at ATMs

September 26, 2024

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

Thailand’s Digital Wallet cash hits bank accounts as over 3 million people receive ฿10,000, offering relief to many struggling families. But reports of creditors targeting… Read More ›

Italian Industry minister calls out the madness of the European Union’s Green Deal plan on EV cars

Italian Industry minister calls out the madness of the European Union’s Green Deal plan on EV cars

September 26, 2024

Economy, Living, Personal, Thai World, Thailand:

Italy’s Industry Minister warns the EU’s Green Deal combustion engine ban threatens Europe’s automotive industry, risking mass job losses. Weak EV demand, costly vehicles, and… Read More ›

Plan to bring Grab drivers and sex workers into the tax net with a bill to be laid before parliament in months

Plan to bring Grab drivers and sex workers into the tax net with a bill to be laid before parliament in months

September 25, 2024

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

The Thai government plans to bring Grab drivers and sex workers into the tax system with a new welfare bill aiming to include freelancers in… Read More ›

2nd Trump term would spell a massive shift by the US towards protectionism. It’s called Maganomics

2nd Trump term would spell a massive shift by the US towards protectionism. It’s called Maganomics

September 24, 2024

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

Trump’s economic agenda, “Maganomics,” promises a massive protectionist shift for the U.S., risking global tensions and trade wars. Critics warn his aggressive tariffs and isolationist… Read More ›

Finance Minister wants to raise Thailand’s level of inflation. Proposes talks with Bank of Thailand

Finance Minister wants to raise Thailand’s level of inflation. Proposes talks with Bank of Thailand

September 23, 2024

Economy, Foreigners, More News from Thailand, Thailand:

Finance Minister Pichai proposes raising Thailand’s inflation rate in talks with the central bank, warning that prolonged low inflation could risk a systemic economic crisis.… Read More ›

US Federal Reserve rate cut piles pressure on Bank of Thailand and its governor who is holding firm

US Federal Reserve rate cut piles pressure on Bank of Thailand and its governor who is holding firm

September 21, 2024

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

Governor Sethaput Suthiwartnarueput warns against hasty interest rate cuts. The central bank boss emphasises financial stability over government demands. It comes amid rising tensions. Mr… Read More ›

New 6-country tourist visa planned by the Foreign Ministry as well as Electronic Travel Authorisation

New 6-country tourist visa planned by the Foreign Ministry as well as Electronic Travel Authorisation

September 20, 2024

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

Thailand is working on a new 6-country tourist visa plan covering Cambodia, Laos, Myanmar, Vietnam, and Malaysia, plus a new Electronic Travel Authorization (ETA) system.… Read More ›

New Electronic Travel Authorisation (ETA) system coming soon with a ฿300 tourist levy and insurance

New Electronic Travel Authorisation (ETA) system coming soon with a ฿300 tourist levy and insurance

September 19, 2024

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

Thailand launches a new tourist entry portal with ฿300 levy and automatic insurance planned. ETA system is coming soon to boost security and streamline the… Read More ›

Bank of Thailand boss: current economic thinking only benefits the large Thai business concerns

Bank of Thailand boss: current economic thinking only benefits the large Thai business concerns

September 18, 2024

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

Bank of Thailand boss clashes with the government, saying current economic policies only benefit big businesses while household debt soars. He warns against GDP obsession… Read More ›

Outrage at Teacher Ben’s fate leads to corruption probe in Sa Kaeo over shifty civil service exam goes awry 

Outrage at Teacher Ben’s fate leads to corruption probe in Sa Kaeo over shifty civil service exam goes awry 

September 18, 2024

Crime, Culture, Economy, Living, Media, Personal, Politics, Thai World, Thailand:

Teacher Ben’s civil service exam victory vanishes amid corruption probe. A young teacher’s first-place result in Sa Kaeo disappears. As officials demand silence, investigations and… Read More ›

Commerce Minister Pichai tears into the Bank of Thailand as the baht strengthens against the US dollar

Commerce Minister Pichai tears into the Bank of Thailand as the baht strengthens against the US dollar

September 17, 2024

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

Commerce Minister Blasts Bank of Thailand: Strong Baht is killing Exporters. Minister Pichai demands interest rate cuts to rescue the economy from a credit crunch… Read More ›

EV sector crisis as Chinese firms are trapped between lack of demand and government tax penalties

EV sector crisis as Chinese firms are trapped between lack of demand and government tax penalties

September 16, 2024

Economy, Living, Personal, Thai World, Thailand:

Thai EV crisis: Chinese firms struggle with overproduction and government tax penalties threat amid falling global demand. With rising household debt and regulatory hurdles, manufacturers… Read More ›

Minister outlines plans for Casinos, Disneyland and a tax support system for workers to Parliament

Minister outlines plans for Casinos, Disneyland and a tax support system for workers to Parliament

September 15, 2024

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

Deputy Finance Minister proposes a Thai Disneyland, casinos, and a welfare overhaul in Parliament. The government aims to eventually boost tourism, create jobs and launch… Read More ›

Building labourer arrested as a registered director of a listed Thai public company in a Bangkok suburb

Building labourer arrested as a registered director of a listed Thai public company in a Bangkok suburb

September 14, 2024

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

Elderly Bangkok labourer arrested as a director of a delisted SET firm. He claims identity misuse and ignorance of the company’s affairs. The company failed… Read More ›

End of the road proposed for Thailand’s ‘Happy go-Lucky’ Economy in Paetongtarn’s Policy Statement

End of the road proposed for Thailand’s ‘Happy go-Lucky’ Economy in Paetongtarn’s Policy Statement

September 12, 2024

Economy, Living, Personal, Thai World, Thailand:

End of Thailand’s ‘happy-go-lucky’ economy? Paetongtarn’s radical plan aims to end the grey market with sweeping tax reform, debt relief, and financial education. SMEs, foreignersm,… Read More ›

Weak consumer demand in China. Call by former central bank boss Yi to fight a severe deflationary spiral

Weak consumer demand in China. Call by former central bank boss Yi to fight a severe deflationary spiral

September 9, 2024

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

China’s economy is at risk. Ex-central bank chief warns of deflation spiral amid weak consumer demand and faltering property market. Calls for urgent action as… Read More ›

Revenue Department preparing legislation as new Expat tax regime may link visas and tax returns

Revenue Department preparing legislation as new Expat tax regime may link visas and tax returns

September 8, 2024

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

Thailand’s Revenue Department drafts global tax legislation. It may link visa issuance to tax returns soon. Expats staying over 180 days must file by March… Read More ›

7 Eleven owner in Japan rejects $39 billion buyout offer from Canadian owner of Circle K stores

7 Eleven owner in Japan rejects $39 billion buyout offer from Canadian owner of Circle K stores

September 6, 2024

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

7-Eleven’s Japanese owner rejects a $39 billion buyout offer from Canadian Circle K operator Couche-Tard. CP Group, Thailand’s 7-Eleven franchise owner, closely watches the deal.… Read More ›

Anti woke decisions in US boardrooms may signal a shift in grassroots America. Certainly a gender gap has opened

Anti woke decisions in US boardrooms may signal a shift in grassroots America. Certainly a gender gap has opened

September 5, 2024

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

Corporate America’s anti-woke shift signals a change in grassroots sentiment. As the U.S. presidential debate approaches, Thailand-based expats are watching closely. At the same time,… Read More ›

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