2020 has been an unprecedented year for every industry around the world, with over-stressed health systems and heighten economic stress, which makes the hiring market challenging, including in Thailand. The…
Read More2020 has been an unprecedented year for every industry around the world, with over-stressed health systems and heighten economic stress, which makes the hiring market challenging, including in Thailand. The…
Read MoreThe Thai justice system has been hit by a fresh scandal following allegations that bribes were paid to judges for a court ruling in favour of Toyota Motor Thailand Co…
Read MoreCOVID-19 has dealt a double blow to Thailand’s finances, reducing tax revenue while increasing the amount of money the government must spend to keep the economy afloat. The Cabinet recently…
Read MoreA group of foreign tourists, mostly German, arrived on Thailand’s popular resort island of Phuket on Saturday. They are the first in more than a year. They are here under…
Read MoreProponents of cryptocurrency are celebrating after the Securities and Exchange Commission (SEC) reached a conclusion on how to regulate trading of the asset in Thailand. “Very glad to see this…
Read MoreA landmark ruling last month by the Constitutional Court has handed the Thai government a lifeline in its three-decade-old battle over the multibillion-baht Hopewell saga. On March 17, the court overturned…
Read MoreThailand’s Finance Ministry announced the end of the two phases of the populist co-payment scheme on March 31st, with total spending amounting to 102.065 billion baht, 52.2 billion by consumers…
Read MoreAs more people and businesses invest in digital currencies, the Bank of Thailand (BOT) faces the delicate task of trying to balance financial stability and investor protection on the one…
Read MoreForeign tourists who carry a COVID-19 vaccine passport will be able to enjoy Phuket’s blue seas and white sands without having to undergo quarantine, provided the Thai government approves the…
Read MoreTour bus operators on Thailand’s resort island of Phuket are asking for help from the provincial administration after being sued for missing their lease repayments, with some facing bankruptcy, due…
Read MoreThailand’s Finance Ministry is working on the third phase of the 50:50 co-payment scheme, which is expected to be launched in May, to boost domestic consumption. Kulaya Tantitemit, director of…
Read MoreThe cabinet approved financial measures today (Tuesday), worth 350 billion baht, to help financially-troubled businesses overcome the impacts of the COVID-19 pandemic. The financial package includes 250 billion baht in…
Read MoreA merger that could essentially wipe out mom-and-pop stores in Thailand has sparked a public outcry leading to legal action. Consumer groups led by the Foundation for Consumers on March 15 filed…
Read MoreOnce a prosperous airline and national pride, Thai Airways International (THAI) is now struggling to clear a mountain of debt during the global aviation industry’s darkest days. The national flag…
Read MorePolitical stability has a key influence over a country’s economic performance both in the short and the long term. In Thailand, anti-establishment protests that kicked off last year are rocking…
Read MoreThe OECD sharply raised its 2021 global growth forecast on Tuesday as the deployment of vaccines and a huge US stimulus programme have greatly improved economic prospects. The Paris-based Organisation…
Read MoreAccording to the Thai Rice Exporters Association, the country exported 5.72 million tonnes of rice in 2020, which is a 24.5% decrease year on year. The export value was 115…
Read MoreThailand’s Tourism and Sports Minister Phiphat Ratchakitprakarn is scheduled to meet with representatives of hotels and other tourism-related businesses on Thailand’s famous resort island of Phuket on Wednesday, to discuss…
Read MoreSingapore Airlines will begin trialling a coronavirus digital travel pass developed by aviation’s industry body next week, the carrier said Monday, the first airline to pilot the scheme as the pandemic-hit…
Read MoreThailand ranked 3rd in ASEAN, 9th among 40 Asia-pacific countries and 42nd in the World on the most recent on Economic Freedom index. Singapore tops the list for the second…
Read MoreBusiness leaders and academics insist solving Thailand’s economic crisis must be the top priority in the upcoming Cabinet reshuffle. “The new ministers should also be highly competent and capable of…
Read MoreA group of leading tour operators and hoteliers in Thailand has launched a campaign to reopen the country on July 1, 2021. They say vaccines are a game changer that…
Read MoreAfter two postponements, Thai Airways International submitted its rehabilitation plan to the Legal Execution Department officials today (Tuesday), under which the debt-ridden national flag carrier plans to slash staff expenses…
Read MoreMarijuana could generate up to Bt8 billion for Thailand’s pharmaceutical industry over the next five years, but farmers stand to make little from growing the herb, experts say. Last year,…
Read MoreHalf of Thai consumers decide to put off buying and selling property for the time being. The governments of many ASEAN countries have taken measures to stimulate their economies over…
Read MoreTHAI airways is selling its Laksi training center building, in the Bangkhen district of Bangkok, its Nok-Air shares, its Bangkok Aviation Fuel Services (BAFS) shares and Boeing 737- 400 engines,…
Read MoreLegal challenges await the Revenue Department’s plan to collect value-added tax (VAT) from cross-border e-services for the first time in Thailand, given the threat of counter measures from the US…
Read MoreThe Government Pharmaceutical Organization (GPO) is to buy grade-A dried cannabis flowers from community enterprises at 45,000 THB per kilogram. The Plao-Ploen herbal development center in BuriRam province is the…
Read MoreA “vaccine passport” has emerged as the best hope for Thai tourism businesses devastated by COVID-19. The passport, which could exempt inoculated tourists from the mandatory 14-day quarantine, might help…
Read MoreThailand’s pandemic-shattered economy suffered its worst full-year performance in more than two decades, data showed Monday, with officials citing the toll of both a gutted tourism industry and ongoing political…
Read MoreThe soaring price of Bitcoin is making headlines around the globe following news that electric-car maker Tesla, one of the world’s largest auto firms by market valuation, has invested $1.5…
Read MorePublic Debt Management Office (PDMO) chief Patricia Mongkhonvanit on Wednesday encouraged people to purchase newly issued government savings bonds worth Bt8 billion. The Bt8 billion issuance is part of Bt55…
Read MoreA total of Bt210 billion is being pumped into Thailand’s latest COVID-19 relief effort, but experts say needy Thais could fall through cracks in the scheme. The Rao Chana (We…
Read MorePrime Minister Prayuth Chan-o-cha admitted today (Wednesday) that neither the government nor the Bangkok Metropolitan Administration (BMA) can shoulder the financial burden of prolonging the freeze on fares on the…
Read MoreMore than 5.7 million people, out of about 10 million who registered to receive 7,000 baht each under the Rao Chana stimulus scheme, have passed the screening process and will…
Read MoreThe government has declared Chinese New Year’s day, which falls on Friday February 12th, a special public holiday and Prime Minister Prayut Chan-o-cha is encouraging Thai people, not just those…
Read MoreThai and other foreign companies are expected to delay their investments in Myanmar following a military coup that threatens Thai border trade and migrant labour. Myanmar’s military seized power on…
Read MoreThe private sector on Phuket has joined forces to push for a self-funded vaccination program, to inoculate up to 70% of its population, in the hope that the resort island…
Read MoreThe Ministry of Tourism and Sports is considering plans to attract foreign tourists back to Thailand, and may allow vaccinated foreigners to enter the country without the need for 14…
Read MoreAsian and European markets suffered more losses Friday, capping a painful week for global equities that has been characterised by fears over surging infections and stuttering vaccine rollouts. Traders have…
Read MoreAsian markets suffered further losses Thursday, tracking a rout in New York and Europe as markets were hit by a perfect storm of worries about the slow rollout of vaccines,…
Read MoreIt is estimated that 6.69 million foreign travellers visited Thailand in 2020, an 83% decrease from 2019. The visitors generated revenue of around 300 billion baht, an 80% decrease from…
Read MoreAsian markets sank into the red Tuesday following the previous day’s healthy run-up, with sentiment jolted by the prospect that Joe Biden’s huge stimulus could be watered down and not…
Read MoreRestrictions imposed in the eight eastern provinces of Thailand since mid-December, to prevent the spread of COVID-19, are expected to be eased as the situation there gradually improves. Deputy Public…
Read MoreBusiness and government leaders currently see the loss of life from Covid-19 and related economic effects as the world’s greatest short-term threats, said the World Economic Forum. The group which…
Read MoreMost markets fell Monday as investors took a breather following a recent rally, though Hong Kong and Shanghai enjoyed gains after data showed China’s economy grew more than expected last…
Read MoreThailand’s opposition Pheu Thai Party has voiced disagreement with the government’s plan to provide cash giveaways of 3,500 baht a month for two months to people affected by COVID-19, noting…
Read MoreGlobal stocks were mixed Wednesday after Wall Street rebounded, shrugging off uncertainty about a possible new attempt to impeach President Donald Trump over last week’s attack on the U.S. Capitol….
Read MoreThailand’s cabinet has resolved to launch a set of urgent relief measures, to help the public and SMEs, by boosting liquidity, increasing benefits for the unemployed and reducing the cost…
Read MoreCOVID-19 can be blamed for pushing Thai household debt to its highest level in 12 years, around 480,000 baht per household, said The University of the Thai Chamber of Commerce…
Read MoreThailand’s Tourism Council is calling for the government to help revive the industry urgently, grant long-term debt moratoria, and cut power bills for a year. Vice president of the council,…
Read MoreChina’s custom authorities are imposing more stringent COVID-19 testing measures on imports, and there has been a big impact on Thai produce as some Chinese companies have not yet placed…
Read MoreMany British businesses are swiftly discovering that they must now pay duties on exports bound for the European Union, despite the breakthrough Brexit free trade deal clinched over Christmas. The…
Read MoreThailand’s second COVID-19 outbreak, which originated in the coastal province of Samut Sakhon on December 19th, may cause economic damage estimated at about 45 billion baht in just one month,…
Read MoreSingapore’s economy suffered its worst ever annual contraction in 2020 as the coronavirus pandemic hammered the city-state’s vital trade and tourism sectors, official data showed Monday. But the 5.8 percent…
Read MoreThailand is expected to lose about 5.85 billion baht in anticipated revenue during the New Year holidays due to the new outbreak of Covid-19. However, the government has come up…
Read MoreWhether in Paris, Kuala Lumpur or California, gig economy workers fear they can no longer survive on meagre earnings from jobs that leave them increasingly vulnerable. The term “gig” stretches…
Read MoreAsian markets mostly rose Tuesday following a record-breaking lead from Wall Street, as investors cheered the passage of a huge US stimulus bill which has helped temper fears about surging…
Read MoreThe pandemic has disrupted the way we shop. Little wonder then that retailers and shoppers are adapting to the new world of click and buy Time flies. It’s already December…
Read MoreThe private sector in Thailand is concerned that the current political conflict, if it turns violent, may impact the confidence of foreign and local investors and consumers and would like…
Read MoreA new e-business tax bill, which has been approved by the House scrutiny committee, will be forwarded to the Senate next week for consideration. Under the bill, foreign-based online platform…
Read MoreThai Airways International is to auction off many in-flight items, stored in its warehouses, and lease its three office buildings to generate badly-needed revenue while the airline is unable to…
Read MoreFinancially-strapped Thai Airways International is to auction off 34 aircraft, with an average age of about 20 years, to anyone who is interested. The aircraft include the Airbus A340-500 and…
Read MoreThai Airways International is planning a special flight for people to make merit at numerous temples on November 30th, without actually visiting the temples, in an attempt to boost tourism….
Read MoreThe State Railways of Thailand (SRT) signed a 50-billion baht contract, with China Railway International Company Limited, today for the installation of rail, electrical systems and procurement of train carriages…
Read MoreThe International Monetary Fund (IMF) has adjusted Thailand’s GDP growth forecast, from -7.7% to -7.1% for 2020. This is an indication that the Thai economy is recovering after the Government…
Read MoreThe Organization for Economic Co-operation and Development, or OECD, has published its assessment of the Thai economy, saying that the pandemic has interrupted Thailand’s socioeconomic progress. In its recent 163-page…
Read MoreTwo companies in Thailand’s northern province of Chiang Rai have recently won Gold Prizes for their two tea products at the World Green Tea Competition 2020, held in Shizuoka prefecture…
Read MoreTwo senior engineers, working for Thailand’s Energy Business Department, have been arrested at their office by anti-corruption officials for allegedly demanding bribes from an oil business related company, to facilitate…
Read MoreThe coronavirus pandemic has triggered an economic recession, with no sign of recovery in the near future. By the end of this year approximately 3-4 million people will be unemployed,…
Read MoreThailand’s Anti-Money Laundering Office (AMLO) is in the process of verifying a report, by the International Consortium of Investigative Journalists (ICIJ), that four Thai banks have been involved in suspicious…
Read MoreThailand’s Energy Policy Committee (EPC) has decided to freeze the retail price of liquefied petroleum gas (LPG) for household use for three months, in order to ease the financial burden…
Read MoreThailand is preparing to welcome back foreign tourists – at least, those with deep pockets – from next month, with a strategy that seeks to restore its battered tourism sector…
Read MoreA subcommittee, of Thailand’s Senate Committee on Social Development and Affairs of Children, Youth, Women, Elderly People and Under-privileged people, has proposed a rethink and delay of a plan to…
Read MoreThailand’s Central Bankruptcy Court, this morning (Monday), approved Thai Airways International Public Company’s (THAI) debt rehabilitation filing and its rehabilitation planners. In approving the debt-stricken national flag carrier’s rehabilitation filing,…
Read MoreAll government units have been told, by the Budget Bureau, that disbursement of funds from the 2021 fiscal year budget will be delayed until after October 1st, the first day…
Read MoreThailand’s Centre for COVID-19 Situation Administration (CCSA) has approved a new 45 billion baht stimulus package, for distribution to 15 million Thai adults to spend with independent vendors, small retailers,…
Read MoreThailand’s Department of Rail Transport has decided to ease social distancing measures, when travelling on all public rail transport systems, by allowing the occupancy of all seats, but passengers must…
Read MoreSeven of Thailand’s domestic low-cost airlines have been promised a new lease of life, after Prime Minister Prayut Chan-o-cha agreed to help, starting with the injection of 24 billion baht…
Read MoreCHICAGO (Reuters) – American Airlines said on Tuesday its workforce will shrink by 40,000, including 19,000 involuntary cuts, in October as the COVID-19 pandemic continues to weigh on air travel,…
Read MoreThe COVID-19 pandemic has prompted more Thai people to put their savings in banks, increasing the number of bank depositors covered by the Deposit Protection Agency (DPA), for the first…
Read MoreThe Thai cabinet today decided to retain the 7% value-added tax rate for all trade transactions, services and imports subject to VAT until the end of September next year. Finance…
Read MoreCompared to the same period last year, Thailand’s exports for the month of July dropped 11.37%, to US$18.8 billion, while imports fell 26.38%, to US$15.47 billion, according to Pimchanok Wornkhorporn,…
Read MoreThe Cabinet approved the Finance Ministry’s proposal today to roll out about 114 billion baht in soft loans and credit guarantees, to help small and medium-sized enterprises (SMEs), as well…
Read MoreA lawyer for some of Thai Airways International’s creditors has voiced reservations over the national flag carrier’s appointment of a company to administer its rehabilitation plan. The objection was raised…
Read MoreThailand’s household debt has increased to the highest level in four years, whereas the Gross Domestic Product (GDP) for the second quarter contracted 12.2%, prompting the Finance Ministry to forecast…
Read MoreReminding Thai people of the current global economic crisis, one of the worst the world has faced and one which is likely to continue until the end of next year,…
Read MoreLONDON (Reuters) – The number of people in work in Britain has suffered the biggest drop since 2009 and signs are growing that the coronavirus will take a heavier toll…
Read MorePredee Daochai is taking on what is probably the most unenviable task — steering Thailand out of its worst economic crisis in modern history. By accepting Prime Minister Prayut…
Read MoreTwitter is in preliminary discussions for a possible combination with TikTok, the Wall Street Journal reported Saturday, after US President Donald Trump said he would ban the app, calling it a…
Read MoreSEOUL (Reuters) – Samsung Electronics Co will halt operations of its last computer factory in China, the South Korean tech giant said on Saturday, the latest manufacturer to shift production…
Read MoreThe Bank of Thailand (BOT) has ordered commercial banks and financial institutions to cut the higher interest rates, charged to customers with credit card balances and personal loans, by 2-4%,…
Read MoreNok Air chairman Prasert Boonsamphan has assured that the Thai airline is determined to carry on operating, after the Central Bankruptcy Court accepted the company’s business rehabilitation plan yesterday. He…
Read MoreLONDON (AP) — A technology research firm says Huawei has overtaken Samsung to become the world’s biggest smartphone seller, as its home market in China emerged from the coronavirus pandemic…
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