In over six months in office, Prime Minister Srettha Thavisin has earned kudos for his efforts to win back the confidence of international investors, but there’s little else to show for…
Read MoreIn over six months in office, Prime Minister Srettha Thavisin has earned kudos for his efforts to win back the confidence of international investors, but there’s little else to show for…
Read MoreThe 5:2 vote by the Thai central bank’s Monetary Policy Committee (MPC) to hold the key policy rate at 2.50 per cent is a hint of an impending rate cut at…
Read MoreValentine’s Day is expected to cost consumers more this year as inflation remains sticky. Yet despite the economic doldrums, they are planning to celebrate the official day of love with…
Read MoreAgainst the backdrop of a bumpy economic recovery, the government and the central bank don’t seem to be seeing eye to eye over monetary policy. Recently, in a post on…
Read MoreChina’s economy last year grew at one of its slowest rates in more than three decades, official figures showed Wednesday, as it was battered by a crippling property crisis, sluggish…
Read MoreThe government has launched tax breaks to encourage consumer spending this year, in a bid to stimulate the economy. But will it work and who is going to benefit? From…
Read MoreThe government recently sent a letter to the Council of State, its legal advisor, seeking its opinion on the proposed 500-billion-baht borrowing plan to fund the digital wallet scheme. The…
Read MoreThe Cabinet decided today to grant 120 baht in subsidy for each tonne of cut raw sugarcane, as an incentive to discourage farmers from burning the cane to facilitate harvesting,…
Read MoreEnergy Minister Pirapan Salirathavibhaga said today that the retail oil price structure, which has been in force for about three decades, needs to be overhauled because it is unfair to…
Read MoreThe Finance Ministry’s Fiscal Policy Office has decided to reduce its Thai economic growth forecast for 2023, from 3.5% to 2.7%, due to the tourism slowdown and export contraction. Pornchai…
Read MoreThailand’s under-performing economy needs to be given a major boost, to increase its growth rate and pull the country out of the middle-income trap, while improving the livelihoods of people…
Read MoreThe effects of an escalating war between Israel and Hamas will be much more serious and extensive than the ongoing war in Ukraine, due to potential involvement of western and…
Read MoreThai economists have expressed concern that an escalation of the Israeli-Palestinian conflict will impact global oil prices and may push crude oil up to US$95 per barrel, which will further…
Read MoreThai private business operators are urging the government to speed up the finalisation of free trade agreements (FTA) with more countries to boost Thai exports, which fell for ten straight…
Read MoreAt the first meeting of the Cabinet on September 13, the new government announced a debt moratorium policy for farmers and small businesses. It was a common refrain of many…
Read MoreThis Thai government’s top priority is to re-energise Thailand’s competitiveness and position as a leading investment destination, an engine of growth in the region and as a place where people…
Read MoreMove Forward party deputy leader Sirikanya Tansakul has accused the government of overspending by resorting to borrowing an additional 130 billion baht to partially fund the 560 billion baht digital…
Read MoreEconomic experts are not happy with the policies pursued by the outgoing administration to increase the income of Thai households, as well as the proposals of the parties who could…
Read MoreThe pubic in Myanmar are worried that the Kyat is further depreciating, after the announcement that a new 20,000 Kyat bank note denomination will be printed, though Myanmar’s Central Bank…
Read MoreThe prices of new houses and condominium units in and around Bangkok have steadily been risen in the past two quarters of the year, due to higher land prices, increasing…
Read MoreHousehold debt in Thailand has climbed to an average of 559,408 baht per household, an increase of 11% compared to last year, due to slow economic recovery, the COVID19 pandemic,…
Read MoreThailand’s exports have contracted for nine months in a row, but are expected to rebound during the second half of this year, with export growth of 1-2% for the whole…
Read MoreThe Pheu Thai Party’s economic platform is back in focus now that it has been tasked with the responsibility of forming the next government. Pheu Thai, which has the second…
Read MoreThe International Monetary Fund has slightly upgraded its outlook for global growth this year on the back of resilient service sector activity in the first quarter and a strong labor…
Read MoreThailand’s household debt has ballooned to almost 16 trillion baht, with more and more Thais at risk of defaulting on their loan repayments. The pressure then falls on guarantors, who…
Read MoreThai people are burdened with high household debt. For many of them, the burden starts early and can last a lifetime. Some young adults, in particular, have racked up massive credit…
Read MoreThe Asian Development Bank cut its inflation forecast for developing Asia on Wednesday, as food and fuel prices eased, supply chain disruptions waned and interest rate hikes started to bite….
Read MoreIndian tourists are streaming into Southeast Asia, cementing the world most populous country’s position as a key growth market for a travel and tourism sector that is feeling the pinch…
Read MoreFitch credit rating agency has affirmed Thailand’s long-germ foreign-currency issuer default rating (IDR) at BBB+, with a stable outlook. Fitch warns, however, that lingering political uncertainty may weigh on Thailand’s…
Read MoreForeign buyers will fuel growth in Thailand’s property market during the second half of this year but domestic buyers have not fully regained their purchasing power due to unfavourable factors,…
Read MoreAn intensely hot summer and unprecedented drought are straining energy supplies in northern Vietnam, prompting rolling blackouts and sudden power outages that have led to “uncountable” losses among local firms…
Read MoreThe domestic MICE (Meeting, Incentive, Convention, Exhibition and Event) industry has long played a major role in helping the travel industry and stimulating the economy when international demand has significantly…
Read MoreEgg prices in Thailand are steadily climbing and have been adjusted five times between January last year and May this year, due mainly to increased production costs and unusually hot…
Read MorePolicy proposals to tackle monopoly and market dominance outlined by the new coalition expected to form the next government appears to have been given the cold shoulder by the stock…
Read MoreThe Move Forward Party, the leader of the coalition tipped to form the next government after the May 14 election, has proposed using zero-based budgeting (ZBB) to replace the current…
Read MoreDespite slowing inflation, the residential market in the first few months of 2023 has been sluggish, the real estate sector reports. Overall, the housing demand in Thailand has dropped and…
Read MoreAmid the strong likelihood of the next government being formed by a coalition led by the Move Forward Party, the biggest gainer in the May 14 general election with 152…
Read MoreWith fewer babies than ever being born in China, companies making children’s products are setting their sights beyond milk bottles, baby carriers and strollers to stay in business. “We now…
Read MoreThe world’s population is getting older. And Thailand is among the fastest-aging societies in the world. Of its 67 million population, more than 12 million Thais are elderly, according to…
Read MoreTravel experiences in Asia Pacific have returned to rapid growth since the region reopened borders for regional and long-haul travel. However, the industry – especially tour activities and attractions –…
Read MoreSingapore is expected to post slower economic growth this year but it “should avoid an outright contraction”, Prime Minister Lee Hsien Loong said Sunday. The Southeast Asian city-state’s economic performance…
Read MoreThe latest populist promise by the Pheu Thai Party of digital currency handouts has stirred a hot debate on the policy platforms of parties contesting the May 14 general election….
Read MoreWorld food prices are still high but have fallen by a fifth compared to a year ago when prices soared to a monthly record high after Russia invaded agricultural powerhouse…
Read MoreThe Asian Development Bank raised its 2023 growth forecast for developing Asia on Tuesday, after China’s abrupt loosening of Covid-19 restrictions and reopening of its borders brightened the region’s prospects….
Read MoreThe global financial markets are highly interconnected. When Thailand’s banking system suffered a collapse and the baht’s value plummeted in 1997, the contagion effect spread to other Asian countries. Similarly,…
Read MoreIn 2016, Vice President Joe Biden warned against efforts to unravel banking regulations that Democrats had fought to implement following the nation’s financial crisis, just as the emerging Trump administration…
Read MoreIt was called Silicon Valley Bank, but its collapse is causing shockwaves around the world. From winemakers in California to startups across the Atlantic Ocean, companies are scrambling to figure out…
Read MoreThe latest statistics show an overall improvement in Thailand’s labor market, nearly returning to the pre-COVID level, but questions remain about the availability of well-paying jobs. Unemployment fell to 1.15…
Read MoreHousehold debt has become an alarming issue for the country, and as Thailand heads towards a general election this year, it’s a ticking bomb that needs the urgent attention of…
Read MoreIt is common sense for politicians to campaign on a platform of tax cuts in the run-up to an election, as opposed to making a case for tax hikes, which…
Read MoreAs the general election approaches, rival political parties have unveiled their policy pledges designed to lure voters. Parties usually make promises that could make an immediate impact, without taking into…
Read MoreWorking in a hotel used to be considered an attractive career as not only was the job itself interesting but the monthly salary was relatively decent and there were other…
Read MoreThe Cabinet recently approved a framework for government spending in fiscal year 2024 with planned expenditure of 3.35 trillion baht, up 5.18 percent from the current fiscal year. The spending is equal…
Read MoreChina’s economic growth for 2022 is expected to have been among its weakest in four decades after the twin crises of the pandemic and property woes, analysts said ahead of…
Read MoreThailand’s gross domestic product (GDP) will expand by around 3-4 percent this year, only slightly higher than last year’s 3.2 percent, the National Economic and Social Development Council, a state…
Read MoreThe global economy will come “perilously close” to a recession this year, led by weaker growth in all the world’s top economies — the United States, Europe and China, the…
Read MoreThe Pheu Thai Party has made a big election promise: if it becomes the ruling party next year, Thailand’s minimum daily wage will rise to 600 baht by 2027. The…
Read More(AFP) – Despite Vietnam’s solar boom and ambitious climate targets, the fast-growing economy is struggling to quit dirty energy — leaving one of the world’s biggest coal power programmes largely…
Read More(AFP) – Indonesia’s economic growth accelerated in the third quarter of 2022 on the back of strong exports and domestic consumption, official data showed on Monday, but it remained below…
Read MoreBritain’s new prime minister, set to be former finance minister Rishi Sunak, inherits a UK economy that was headed for recession even before the recent turmoil triggered by Liz Truss. Outgoing Prime Minister Truss resigned after her…
Read MoreThe risks to global financial stability have increased across the world since April this year in face of high inflation and low interest rates, the latest semiannual Global Financial Stability…
Read MoreThailand exported goods worth more than 43 billion baht to Saudi Arabia during the first eight months of this year, representing an increase of 15.9% year on year, according to…
Read MoreThe Bank of Thailand (BOT) has been facing the delicate task of navigating the baht and the economy through turbulent waters. As the government has apparently almost run out of…
Read MoreKUALA LUMPUR, Oct 7 (Reuters) – Malaysia on Friday unveiled a smaller budget for 2023, prioritising fiscal discipline over expectations of populist measures, as it warned of a slowdown in…
Read MoreOnce known as a “financial wizard”, Indian-born Rakesh Saxena now faces decades in jail for a Thai banking scandal that triggered the 1997 Asian financial crisis. Following a legal battle…
Read MoreThe newly release Global Trade Growth Atlas 2022 has put the Association of Southeast Asian Nations (ASEAN) in the spotlight because the region is forecast to lead the world in…
Read MoreThe recent recovery in tourism, as reflected in the rapid rise in foreign arrivals, is offering Thailand’s ailing economy a lifeline in the aftermath of the COVID-19 pandemic. The government…
Read MoreAlthough the minimum daily wage will rise by an average of 5 percent from October 1, not many workers see a brighter future. “The increase will not make my life…
Read MoreThe decelerating export growth in July has raised concerns that the outlook for Thailand’s economic growth may be bleak because of an increasingly likely global slowdown. The Thai economy grew…
Read MoreWednesday’s suspension of Prime Minister Prayut Chan-o-cha from his duties by Thailand’s charter court may raise questions over whether investor confidence and public investments are being affected. The country’s finance…
Read MoreThe Student Loan Fund (SLF) is dismissing calls for it to write off 337 billion baht of loans taken by students to fund their education. Over the past few weeks,…
Read MoreThe “Pao Tang” application system crashed this morning (Friday) as subscribers scrambled to reconfirm their registrations for the fifth phase of the 50:50 co-payment scheme, under which each will receive…
Read MoreSmall lottery vendors across the country are now dreading the expansion of digital lottery tickets – which are sold not just through major private electronic platforms but also on the…
Read MoreThe US is the world’s largest economy and the US dollar is widely used worldwide, as a result, the actions and decisions of the US Federal Reserve (Fed) have a…
Read MoreExperts say the economy, the COVID-19 pandemic and the recent controversial court decisions surrounding abortion and gun control could be factors that will influence voters in the US midterm elections…
Read MoreThe plunging value of the baht appears ominous and raises worrying questions about its impact on the Thai economy. On Friday (July 15), the baht fell to 36.73 to the US dollar, its…
Read MoreThailand’s trade deficit for the month of June was over 40 billion baht, partly due to a 19% increase in the value of imports, especially energy. The figure includes a…
Read MoreThe euro’s plunge against the dollar, triggered by the Ukraine war and mounting risks to the EU economy, has driven the two currencies to parity for the first time in…
Read MoreCOLOMBO, July 11 (Reuters) – Sri Lanka‘s parliament will elect a new president on July 20, its speaker said on Monday, after protesters stormed the residences of the current president and prime minister, who have both offered to quit amid an economic meltdown….
Read MoreCryptocurrency trading in Thailand has followed global trends and witnessed a steep plunge, as investors sell off financial assets, including equities and bonds. With many countries bogged down by high…
Read MoreMyanmar, a developing nation, relies heavily on exports of raw ingredients, of which agricultural exports make up nearly 10%. According to a recent Bloomberg report, Myanmar’s Rice Federation had set a…
Read MoreThis year’s 10 richest families in Thailand were revealed by Forbes Asia today (Thursday), most of the rankings remain unchanged from last year. The richest family in Thailand are still…
Read MoreOn July 1, at some point during the day, the baht fell to 35.66 to the dollar, its weakest in five years. It closed at 35.63 at the end of…
Read MoreThai Prime Minister Prayut Chan-o-cha and Chinese Foreign Minister Wang Yi held discussions today (Tuesday) at Government House on trade, economic cooperation, investment and greater connectivity between the two countries,…
Read MoreThe COVID-19 pandemic has caused serious damage to economies around the world and even though the worst of the outbreaks appear to be over, countries are currently having to battle…
Read MoreLow-income groups and small businesses are now getting squeezed by high inflation and potential interest rate hikes. The situation may make it necessary for the government to continue its support…
Read MoreMany wage earners are finding ready-made food, available in markets, convenience stores and at pavement eateries, increasingly unaffordable and are seeking advice on how to cook for themselves. One desperate…
Read MoreDespite the fast-rising inflation driven largely by food and energy costs, some economic research houses have recently revised upward or at least maintained their economic growth projections for Thailand for…
Read MoreRecord floods in southern China this month displaced more than half a million people, while searing heat buckled roads in other parts of the country. Authorities have issued extreme weather warnings…
Read MoreInflation is taking a toll on food manufacturers and restaurant owners, forcing them to adapt to keep their businesses afloat even as consumers cut back on expenses. Soaring energy bills…
Read MoreCOLOMBO (AP) — Sri Lanka’s prime minister says its debt-laden economy has “collapsed” after months of shortages of food, fuel and electricity, and the South Asian island nation cannot even…
Read MoreThe Thai cabinet today (Tuesday) decided to extend Phase 4 of the “Rao Tiew Duay Kan” (We Travel Together) program until the end of October, because there was a residual…
Read MoreThe Bank of Thailand (BOT) has come under high pressure to react as domestic inflation has been climbing fast and other central banks, especially the US Federal Reserve (Fed), have…
Read MoreBitcoin plunged below $20,000 on Saturday, shedding nine percent from the previous day to fall to $18,740, its lowest level since December 13, 2020. With investors increasingly wary of risk, the world’s most popular…
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