Economy

Concerns over household debt rising as banks report marginally lower non-performing loans

Concerns over household debt rising as banks report marginally lower non-performing loans

August 25, 2023

Economy, Living, Personal, Thai World, Thailand:

Plan to raise credit card minimum monthly debt repayment from 5% to 10% over two years in 2024 and 2025 gives some idea of how… Read More ›

Thailand preparing for a soft landing as ‘cracks’ open up in the Chinese economy says bank chief

Thailand preparing for a soft landing as ‘cracks’ open up in the Chinese economy says bank chief

August 17, 2023

Economy, Living, Personal, Thai World, Thailand:

Baht has been on a roller coaster ride coming from a 16-year low in October 2022 to a rapid 14.4% gain and this year seeing… Read More ›

Economic danger signals emerging as politicians wrangle over who will form the next government

Economic danger signals emerging as politicians wrangle over who will form the next government

August 12, 2023

Economy, Living, Personal, Thai World, Thailand:

A troubling external geo-political environment adds to the sense of danger with US President Joe Biden warning on Friday that China’s economy, on which Thailand… Read More ›

King’s son from America spreads cheer in surprise and some would say significant visit home

King’s son from America spreads cheer in surprise and some would say significant visit home

August 10, 2023

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

From visiting an orphanage for children to riding a Tuk Tuk like any normal tourist in Bangkok to discussing Dharma with senior monks, the one-week… Read More ›

Central bank flirts with Yuan while overreliance on China negatively impacts Thai economic growth

Central bank flirts with Yuan while overreliance on China negatively impacts Thai economic growth

August 9, 2023

Economy, Living, Personal, Thai World, Thailand:

Ongoing pandering to China and a mild but clear anti-American agenda pursued by Thai authorities such as attempts by the Bank of Thailand to encourage… Read More ›

Economy churns buoyant taxes but concern over low-spending short-haul tourists from Malaysia

Economy churns buoyant taxes but concern over low-spending short-haul tourists from Malaysia

July 28, 2023

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

Figures for June arrivals show 79% of all foreign tourists to Thailand came from the Asia or Pacific region with 373,922 entering the kingdom, mostly… Read More ›

Bank of Thailand to tackle household debt in new plan from 2024 which will see higher standards

Bank of Thailand to tackle household debt in new plan from 2024 which will see higher standards

July 23, 2023

Economy, Living, Personal, Thai World, Thailand:

Hundreds of thousands of middle-class Thais are trapped in debt cycles that act as a continuous tax on their income at a high level, often… Read More ›

Senators to the fore as tide favours a conservative fix to install a more mature next government 

Senators to the fore as tide favours a conservative fix to install a more mature next government 

July 17, 2023

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

Fears that the petition accepted by the Constitutional Court last Wednesday relating to Article 112 of the Criminal Code and Section 49 of the 2017… Read More ›

Fitch retains Thailand’s BBB+ rating as country’s external finances remain impressively robust and strong

Fitch retains Thailand’s BBB+ rating as country’s external finances remain impressively robust and strong

July 15, 2023

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

Crippling level of debt throughout the world economy has left 3.3 billion people living in countries where borrowing costs exceed spending on education and health.… Read More ›

Vietnam is the major winner as Thailand returns to its political wars driving capital outflows

Vietnam is the major winner as Thailand returns to its political wars driving capital outflows

July 15, 2023

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

Business leaders are calling on elected politicians and all in parliament to act in the country’s best interests as economic damage is already being inflicted… Read More ›

Prayut bows out, nods to a new era dawning. Outgoing PM emphasised stability of his tenure in office

Prayut bows out, nods to a new era dawning. Outgoing PM emphasised stability of his tenure in office

July 11, 2023

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

General Prayut highlighted his government’s record of stable management of the country and financial prudence while always paying attention to the need to protect the… Read More ›

Politicians skating on thin ice as the economy may not be able to withstand a political stalemate

Politicians skating on thin ice as the economy may not be able to withstand a political stalemate

July 7, 2023

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

A vote that delivers a new government led by Move Forward Party leader Pita Limjaroenrat would lift investor sentiment immediately next Thursday but all the… Read More ›

Pheu Thai may face a terrible dilemma as outgoing government parties still aim for power in PM vote

Pheu Thai may face a terrible dilemma as outgoing government parties still aim for power in PM vote

July 6, 2023

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

One discounted option that may emerge as the political stakes grow and the danger of instability becomes apparent is the inclusion of the Bhumjaithai Party… Read More ›

Debt crisis may be one of the top items on the new cabinet’s agenda as central bank stands ready

Debt crisis may be one of the top items on the new cabinet’s agenda as central bank stands ready

July 5, 2023

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

With runaway, quarter-by-a-quarter rises in unsecured personal debt running at over 10%, a threatened spike in non-performing loans, a household debt of at least ฿16… Read More ›

Potential hazard lights flashing as kingdom’s auto loans spiral into default with sky-high borrowing

Potential hazard lights flashing as kingdom’s auto loans spiral into default with sky-high borrowing

July 2, 2023

Economy, Living, Personal, Thai World, Thailand:

Concern is growing that Thai borrowers may not be able to carry the heavy load of household debt in the aftermath of an end to… Read More ›

NIDA poll shows that political conflict is still on the horizon as US envoy denies interference in election

NIDA poll shows that political conflict is still on the horizon as US envoy denies interference in election

July 2, 2023

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

The United States has become a target for conservatives who were roundly defeated in the May 14th General Election and who are expected to quickly… Read More ›

PM’s soothing words for frayed nerves as he says he will continue his role up to the next cabinet

PM’s soothing words for frayed nerves as he says he will continue his role up to the next cabinet

June 30, 2023

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

Key hurdle to forming the next government is the ability of eight party coalition and its supporters in parliament to find 376 seats in a… Read More ›

Baht falls to 7-month low as unease grows over chances of Pita Limjaroenrat being elected as PM

Baht falls to 7-month low as unease grows over chances of Pita Limjaroenrat being elected as PM

June 28, 2023

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

Financial markets begin to strike a sour note as political squabbling threatens the prospect of a smooth transition to a new government next month with… Read More ›

China censors top journalist who raised disturbing questions about the country’s failing economy

China censors top journalist who raised disturbing questions about the country’s failing economy

June 27, 2023

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

The censorship of a highly regarded business journalist and economic analyst comes just months after leading American banks in Beijing were ordered to censor financial… Read More ›

New PM in July a turning point for the Thai economy in 2023 which could still see 4% GDP growth recorded

New PM in July a turning point for the Thai economy in 2023 which could still see 4% GDP growth recorded

June 21, 2023

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

The prospects of a speedier formation of a new government with parliament now convening on July 3rd holds out hope to the business sector that… Read More ›