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 More
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 More
The 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 More
COVID-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 More
A 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 More
Proponents 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 More
A 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 More
Thailand’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 More
As 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 More
Foreign 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 More
Tour 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 More
Thailand’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 More
The 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 More
Mango orchard owners in Thailand’s northern province of Phitsanuloke are seeking help from the provincial administration to promote the sale of their sweet fruit, particularly Barracuda Mango variety. They complain…
Read More
A 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 More
Once 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 More
Political 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 More
The 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 More
According 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 More
Thailand’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 More
Singapore 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 More
Thailand 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 More
Business 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 More
A 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 More
After 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 More
Marijuana 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 More
Half 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 More
THAI 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 More
Legal 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 More
The 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 More
A “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 More
The state-owned Government Savings Bank (GSB) has set aside a 10 billion baht fund for lending to small and medium-sized entrepreneurs engaged in tourism and tourism-related businesses, to help them…
Read More
Thailand’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 More
The 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 More
Public 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 More
A 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 More
Prime 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 More
More 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 More
The 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 More
Thai 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 More
Asian 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 More
Asian 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 More
Thailand’s cabinet decided today to cut the employee contribution to the Social Security Fund from 3% to 0.5% of their salaries for February and March, but to retain employer and…
Read More
It 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 More
Asian 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 More
Restrictions 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 More
Business 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 More
Most 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 More
Thailand’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 More
Global 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 More
Thailand’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 More
COVID-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 More
China’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 MorePeople who missed out on the second phase of the 50:50 co-payment scheme, due to technical problems, can register again this week, said Kulaya Tantitemit, spokesperson for the Finance Ministry…
Read More
Many 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 More
Thailand’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 More
Singapore’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 More
Thailand’s former finance minister Korn Chatikavanij has urged the government to make quick use of all available resources, particularly the 600 billion baht residue of two loans, to ease the…
Read More
Thailand 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 More
Whether 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 More
Asian 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 More
The 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 More
The 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 More
A 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 More
Thai 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 More
Financially-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 More
Thai 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 More
The 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 More
The 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 More
The 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 More
Two 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 More
Two 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 More
The 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 More
Thailand’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 More
Thailand’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 More
Thailand 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 More
The Thai cabinet has approved, in principle, the guidelines of the Ministry of Tourism and Sports to be used to open Thailand to long-stay foreign tourists, in a bid to…
Read More
A 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 More
Thailand’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 More
All 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 More
Thailand’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 More
Thailand’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 More
Seven 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 More
CHICAGO (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 More
The 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 More
Compared 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 More
The 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 More
A 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 More
Thailand’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 More
Reminding 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 More
LONDON (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 More
Predee 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 More
Twitter 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 More
SEOUL (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 More
The 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 More
Nok 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 More
LONDON (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…
Read More