Economy

Crackdown on foreign tourism abuses with police in hotspots targeting Chinese and Russian gangs

Crackdown on foreign tourism abuses with police in hotspots targeting Chinese and Russian gangs

May 8, 2023

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

The crackdown involves targeting firms licensed in the foreign tourism sector run by foreigners that are not on a pre-approved list while police in tourist… Read More ›

Dark predictions as the opposition parties look set to sweep to power in next weekend’s General Election

Dark predictions as the opposition parties look set to sweep to power in next weekend’s General Election

May 8, 2023

Culture, Economy, Foreigners, More News from Thailand, Politics, Thai World:

Video clip paints a sombre picture of the country’s future as the PM’s party raises the brooding spectre of political instability as it and other… Read More ›

Thailand: you can leave but you must pay ฿1,000 more. Departures tax hailed as the kiss of death

Thailand: you can leave but you must pay ฿1,000 more. Departures tax hailed as the kiss of death

May 6, 2023

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

The new levy is being proposed by the Revenue Department under a 1983 legal provision with public hearings already scheduled for the coming week. It… Read More ›

Tourism boss calls for special state body to manage the new foreign tourism levy postponed yet again

Tourism boss calls for special state body to manage the new foreign tourism levy postponed yet again

May 6, 2023

Economy, Personal, Thai World, Thailand:

Plans this year to have airlines collect the proposed ฿300 levy ran into difficulty while industry leaders are anxious to see the proposal for emergency… Read More ›

Technical recession looks like it may be avoided with stronger than expected first quarter showing

Technical recession looks like it may be avoided with stronger than expected first quarter showing

May 2, 2023

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

Foreign tourism is driving both a healthier current account position and rising domestic expenditure, again proving that this economic engine is critical to Thailand’s real… Read More ›

Running with the hare, hunting with the hound, Thailand looks at strengthening Baht Yuan ties

Running with the hare, hunting with the hound, Thailand looks at strengthening Baht Yuan ties

May 1, 2023

Economy, Personal, Thai World, Thailand:

The rising clamour of a world heading into conflict is making its presence felt on media channels with talk of de-dollarisation as the coming conflict… Read More ›

Business calls for input on energy policy as cabinet agrees on ฿11 billion for electricity bill supports

Business calls for input on energy policy as cabinet agrees on ฿11 billion for electricity bill supports

April 28, 2023

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

Over the last few months, the business sector in Thailand has become openly critical of the government’s handling of the country’s electricity supply policy and… Read More ›

Bank of Thailand governor gives veiled warning to voters on the danger posed by populist policies

Bank of Thailand governor gives veiled warning to voters on the danger posed by populist policies

April 27, 2023

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

The Bank of Thailand is by statute independent of the government but reportedly works closely with the Prime Minister’s economic team including the Ministry of… Read More ›

Lights out for the PM’s chances as people get shocked by sky-high electricity bills in the post

Lights out for the PM’s chances as people get shocked by sky-high electricity bills in the post

April 25, 2023

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

The hot weather and the absence of subsidies have led to Thai voters receiving an unpleasant shock just weeks before they go to the polls.… Read More ›

Bangkok sends delegation to meet Myanmar’s pariah junta regime in its eerie capital Nay Pyi Taw

Bangkok sends delegation to meet Myanmar’s pariah junta regime in its eerie capital Nay Pyi Taw

April 24, 2023

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

Role of Bangkok concerning Myanmar is complex because of Thailand’s unique national interest in its western neighbour but the challenge is growing as the junta… Read More ›

Incoming tourism growth slows amid visas, airfares and attacks on Chinese nationals which have caused jitters

Incoming tourism growth slows amid visas, airfares and attacks on Chinese nationals which have caused jitters

April 24, 2023

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

Fitch Ratings already downgraded projected GDP growth for Thailand to 3% this year due to a sharp contraction in exports but even this was dependent… Read More ›

Chinese Foreign Minister tells world elite in Shanghai of a ‘new form of human advancement’ in China

Chinese Foreign Minister tells world elite in Shanghai of a ‘new form of human advancement’ in China

April 22, 2023

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

China is trying to reclaim its position as an economic juggernaut after its economic reopening and the scale of the ‘decoupling’ by international business becomes… Read More ›

Financial markets debt sell-off sending a signal to Thailand before the May 14th General Election

Financial markets debt sell-off sending a signal to Thailand before the May 14th General Election

April 20, 2023

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

Thailand’s industrial base has suffered with reduced export demand in the last six months caused by a range of factors including higher borrowing costs in… Read More ›

PM warns giveaway policies of some parties may be ‘bad karma’ for the country in the longer run

PM warns giveaway policies of some parties may be ‘bad karma’ for the country in the longer run

April 18, 2023

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

Comments from the PM come as the Pheu Thai Party makes a further submission to the Election Commission which is continuing to probe the funding… Read More ›

Economic recovery shaky despite strong foreign tourism as global economic outlook deteriorates

Economic recovery shaky despite strong foreign tourism as global economic outlook deteriorates

April 16, 2023

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

Rising bank deposits and lower borrowing activity are bad signs for the economic environment as a sharp deterioration in global economic outlook impinges on the… Read More ›

Songkran in full swing as Thailand prepares to welcome back long-haul visitors in large numbers

Songkran in full swing as Thailand prepares to welcome back long-haul visitors in large numbers

April 14, 2023

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

Thailand is set to welcome over 1.5 million Russian visitors this year as the Ukraine war, in one respect at least, has proved a boon… Read More ›

Thailand’s days of GDP growth in excess of 5% may be a thing of the past as it has grown too old

Thailand’s days of GDP growth in excess of 5% may be a thing of the past as it has grown too old

April 11, 2023

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

Population figures are not projections or predictions as we see with climate change but facts with a time lag of twenty years or so. Evidence… Read More ›

Pheu Thai’s ฿10k digital economic stimulus for all under fire as Election Commission opens probe into it

Pheu Thai’s ฿10k digital economic stimulus for all under fire as Election Commission opens probe into it

April 10, 2023

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

Pheu Thai was scrambling on Monday to shore up its vote-getting plan to advance ฿10,000 to each Thai citizen over 16 years of age, from… Read More ›

Srettha eyes top job and defends ฿10k spending wallet for over 16s just unveiled as a Pheu Thai policy

Srettha eyes top job and defends ฿10k spending wallet for over 16s just unveiled as a Pheu Thai policy

April 8, 2023

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

On Monday 14th, the day of the General Election, Pheu Thai’s national executive will meet to select its primary nominee to be put before parliament… Read More ›

Recession fears rise as growth projections are cut and export output continues to decline in 2023

Recession fears rise as growth projections are cut and export output continues to decline in 2023

April 5, 2023

Economy, Personal, Thai World, Thailand:

Thailand’s current account in the last three years tells the story of an economy that has seen a structural change since the closure of the… Read More ›