Rakesh Saxena and the Thai banking scandal that triggered Asia’s financial crisis

Once 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…

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ASEAN region is forecast to lead the world in export growth over the next five years. (Photo by Z @dead____artist)

ASEAN highlighted in Global Trade Growth Atlas 2022

The 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…

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Tourism rebound lays foundation for Thai economic recovery

The 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…

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Thailand’s daily wage hike will not necessarily put more food on the table

Although 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…

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Many analysts have pointed out that tensions between major world superpowers have intensified, which will further restrict international trade and prolong the high price of energy. (Photo by @tawatchai07)

Global headwinds could blow Thai economy off track 

The 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…

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Thai finance minister says committed investment projects unaffected by political risks

Wednesday’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…

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To write off or not to write off: Two sides of student loan repayment battle

The 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,…

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Registration rush for co-payment scheme crashes “Pao Tang” app

The “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…

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A lottery vendor waits patiently for buyers in Bangkok.

Hardscrabble lottery vendors hit by digital revolution

Small 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…

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How the US rate hike impacts the baht and Thailand’s economy

The 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…

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Economy, COVID and recent Supreme Court decisions will be factors in US midterm vote

Experts 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…

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What the weakening baht means for Thailand’s economy

The 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…

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Thailand’s trade deficit for June amounts to 40 billion baht as currency weakens

Thailand’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…

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INA FASSBENDER / AFP

What’s next for the euro after slump against dollar?

The 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…

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People wait behind a gate to visit the President’s house on the day after demonstrators entered the building, after President Gotabaya Rajapaksa fled, amid the country’s economic crisis, in Colombo, Sri Lanka July 10, 2022. REUTERS/Dinuka Liyanawatte

Sri Lanka to get new president next week amid political and economic meltdown

COLOMBO, 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….

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Thai crypto market feels the pains of global meltdown

Cryptocurrency 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…

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A matter of rice and death in Myanmar

Myanmar, 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…

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Thai business magnate and senior chairman of CP Group, Dhanin Chearavanont, arrives at the Wat Thepsirin Buddhist temple in Bangkok for the funeral ceremony of Leicester City’s Thai owner and duty-free mogul Vichai Srivaddhanaprabha on November 3, 2018. – Vichai, 60, and four other people died in a horrific helicopter accident moments after they departed the Leicester City’s pitch a week ago, bringing an abrupt end to the fairytale life of Thailand’s fifth-richest man. (Photo by Lillian SUWANRUMPHA / AFP)

Chiaravanont clan tops Forbes Thailand’s rich list again this year

This 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…

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The severe fallout from the pandemic and the sudden collapse of the tourism industry — which accounts for about 20 percent of Thailand’s gross domestic product (GDP) — has weakened the baht, pushing it to a five-year low. (Photo by Kiratikorn Naksompop Blauw)

Baht’s current slide is a grim reminder of its crash 25 years ago 

On 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…

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Chinese Foreign Minister Wang Yi (left) and Thai Prime Minister Prayut Chan-o-cha (right). Photo: Thailand’s government

Thai PM, Chinese FM in talks on trade, investment and connectivity

Thai 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,…

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Ray of Hope for Thai and Regional Traders

The 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…

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Inflation poses biggest challenge to economic recovery

Low-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…

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The Michelin Guide announced the addition of Nakhon Ratchasima, Ubon Ratchathani, Udon Thani, and Khon Kaen as representative cities of the Isan region that will be featured in the sixth edition of Michelin Guide Thailand.(Photo by Jerome Jome)

Tips on how and what to cook at home widely shared to beat rising prices

Many 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…

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International headwinds offset Thai economy’s gains

Despite 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…

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This aerial photo taken on June 23, 2022 shows a flooded area after heavy rains in Yingde, Qingyuan city, in China’s southern Guangdong province. (Photo by AFP) / China OUT

What is causing record floods and heatwaves in China?

Record 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…

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Inflation hitting food manufacturers and food sellers hard

Inflation 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…

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File photo of Sri Lanka’s Ranil Wickremesinghe (AP Photo/Eranga Jayawardena)

Sri Lanka PM says economy ‘has collapsed,’ unable to buy oil

COLOMBO (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…

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Phase 4 of ‘We Travel Together’ program extended until end of October

The 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…

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Should the BOT raise the policy rate and commercial banks by raising their lending and deposit rates, it would be a blow to borrowers, especially those with mortgage and car-hire purchase debt. (Photo by Jack TAYLOR / AFP)

How long can Thailand’s central bank swim against the tide?

The 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…

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Bitcoin plunges below $20,000

Bitcoin 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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Monetary Policy Committee forecasts 4.9% inflation for Thailand this year

The Thai cabinet today (Tuesday) acknowledged the Monetary Policy Committee’s projection that the country’s inflation this year will reach 4.9%, which is higher than previous forecasts, mainly due to increases…

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New Bangkok governor carries huge burden of expectations and promises

Pursuing an ambitious agenda, Chadchart Sittipunt, 56, is all set to become Bangkok’s first elected governor since the 2014 coup, after receiving a record-high mandate in the May 22 election….

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Residential market remains fragile while housing prices to increase slightly

Thailand’s residential market is still facing several challenges that will prevent it from making a full recovery in the short term. Research indicates that such unfavorable factors as the pandemic…

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Thailand to begin talks on Indo-Pacific Economic Framework

The Cabinet has decided to join talks on the US’s newly proposed multilateral trade agreement, known as the Indo-Pacific Economic Framework for Prosperity (IPEF). According to the Thai government’s website,…

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Thai industrial sector confidence in April lowest in five months

The confidence index of Thailand’s industrial sector for April has dropped to 86.2, the lowest since last December, due to concerns over rising production costs, according to President of the…

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Excise tax on diesel cut by five baht/litre for two months amid high prices

The Thai cabinet decided to slash excise tax on diesel by 5 baht/litre for two months today (Tuesday), effective from May 21, to help ease the financial burden on consumers….

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Foreign tourists walk along the popular Khaosan Road in Bangkok on May 17, 2022. Thailand’s economy grew 2.2 percent in the first quarter following an export and tourism boost after the relaxation of pandemic entry restrictions, the kingdom’s main economic agency said May 17. Lillian SUWANRUMPHA / AFP

Thailand’s 2022 GDP growth projection cut to 3%, 2.2% recorded for Q1

The National Economic and Social Development Council (NESDC) has decided to cut Thailand’s gross domestic product (GDP) growth projection for 2022 to between 2.5% and 3.5%, or an average of…

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Former FTI chair joins Thai Sang Thai party as economic team leader

Former chairman of the Federation of Thai Industries (FTI) Supant Mongkolsuthree has been appointed head of the Thai Sang Thai party’s economic team. Chairwoman of the party, Khunying Sudarat Keyuraphan,…

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Is the gulf between crypto believers and skeptics unbridgeable?

Trading in cryptocurrencies has come under high pressure recently. The value of bitcoin, the most popular cryptocurrency among traders overseas and in Thailand, slumped to US$36,040.92 per bitcoin on May…

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Social security for informal sector labour a pressing national priority

As we approach another Labour Day on May 1, many economists believe one of the priorities for the government is to expand social security so as to cover all workers…

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Thailand’s National Economic and Social Development Council foresees both potential and constraints in developing the metaverse business model in Thailand. It has outlined key points for consideration. (Photo by Martin Sanchez)

Is metaverse the way forward for Thailand?

Thailand has been setting its sights on the digital economy to serve as a new growth engine amid a slowdown in growth in the past several years since the 2014…

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A customer looks at shelves of food as people gathered to shop amid concerns over the COVID-19 coronavirus at a supermarket in Bangkok on March 16, 2020. (Photo by Jack TAYLOR / AFP)

Many consumer products in Thailand about to increase in price

Consumers in Thailand will be feeling the pinch of rising prices of a wide range of products, from instant coffee, cooking oil and instant noodles to condensed milk, shampoo and…

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In this photo taken on January 16, 2022, people eat at roadside food stalls in the Chinatown area of Bangkok. (Photo by Lillian SUWANRUMPHA / AFP)

Thailand’s household debt forecast to jump to 95% of GDP this year

The average household debt in Thailand has increased 5.09% year on year, to 217,952.59 baht, the highest in 14 years, and this year the debt may reach 95% of the…

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Amid sluggish economy, budget poses huge challenge to government

Unfavorable economic conditions are likely to pose tough challenges for current and future governments in managing the annual budget. The Prayut Chan-o-cha government plans to spend Bt3.185 trillion in fiscal…

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War in Ukraine sends construction material prices in Thailand soaring

The Russian invasion of and subsequent war in Ukraine are driving up the prices of construction materials in Thailand, especially iron rod and steel products, the prices of which have…

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Thailand’s banks try to find their feet in fast-changing world

Thailand’s banking industry has waded through many economic crises in the last few decades, the latest being the COVID-19 pandemic. Despite their preparedness, new risks and challenges continue to test the…

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Spending during Songkran this year projected to be lowest in ten years

Spending by the public during the long Songkran holiday next week is projected to be the lowest in a decade, because consumers are tending to be more careful due to…

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Image Credit: Ministry of Foreign Affairs

Thailand, China share some common aims on Ukraine

Thailand and China share four common aims concerning the situation of Ukraine after their consultation in Huangshan in Anhui, China, over the weekend, according to an informed source. The source…

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In the third quarter of last year, household debt rose 4.2 percent year on year to Bt14.35 trillion, equivalent to 89.3 percent of gross domestic product (GDP), according to the National Economic and Social Development Council. (Photo by Towfiqu barbhuiya)

Thailand trapped in a household debt quagmire

Most Thai households have been bogged down by high debt even before COVID-19 struck in early 2020.  For many years, the average Thai worker has been struggling to make ends…

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Thai government rolls out measures to address rising energy, goods prices

The Thai cabinet today (Tuesday) rolled out a number of measures to help the public cope with the rising prices of goods, services and energy prices, some resulting from the…

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Prolonged Russia-Ukraine war could derail Thai economic recovery

The impact on Thailand’s economy from the Russia-Ukraine conflict will depend on how long the hostilities go on and whether they will escalate, economic observers have noted. In response to…

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Photo from Facebook page APEC 2022 Thailand

Thailand promotes ‘safe passage’ in APEC

As the host of Asia-Pacific Economic Cooperation (APEC) 2022, Thailand is spearheading efforts to enhance connectivity and greater business mobility, to ensure that safe and seamless travel will resume. According…

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Chatchai Payuhanaveechai as a Government Savings Bank (GSB) president in 2020.

Is Palang Pracharath roping in GSB ex-chief to buttress its economic team?

The government’s stumbles in tackling the economic problems that plagued the country due to the COVID-19 pandemic appears to have forced the ruling Palang Pracharath Party to reshuffle its economic team…

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Thailand’s 2021 economy grows by 1.6%, PM vows to go full steam ahead on recovery

Thailand’s economy for the year 2021 grew by 1.6%, better than the projected growth of 1.2%, according to the National Economic and Social Development Council (NESDC). According to Deputy Government…

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Skytrain poses challenges to next Bangkok governor

Anticipating challenging decisions ahead, the four candidates running in the election for governor of Bangkok are strongly opposing the extension of concession for the core Skytrain sections of the Green…

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Flower power takes a knock ahead Valentine’s Day

The Covid-19 pandemic and a slow economic recovery is set to make the Day of Love more expensive this year, posing a challenge for florists and gift shops in the…

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Experts play down expectations of rapid economic gains from Thai-Saudi diplomatic ties

The Thai government has claimed that the restoration of diplomatic relations with Saudi Arabia after 30 years will bring great benefits to the economy.  Several sectors, such as tourism, labour,…

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©ok_20.postjung.com

Thailand’s economy forecast to grow by 4% this year

The Thai national economy is expected to grow by 4% this year, thanks to the limited impacts of the COVID-19 pandemic in many countries, the recovery in tourism under the…

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Research shows most people fear that the inflationary situation will continue for more than a year. (photo by @helloimnik)

Is Thailand facing the risk of stagflation?

Amid the rising cost of living and uncertain economic prospects, more people are starting to talk about the risk of stagflation, a scenario marked by high inflation and high unemployment…

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According to tax officials, those who engage in coin mining also will be subject to taxation on the sale of coins. (Photo by Quantitatives.io)

Taxing cryptocurrency trading — an uncharted course

The digital assets industry is up in arms over the Revenue Department’s plan to levy tax on capital gains or benefits derived from cryptocurrencies and other digital asset transactions. With…

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Keeping economic activities open while whittling down the number of COVID-19 cases will be a major task before the authorities in 2022. (Photo by Dan Freeman)

Five key economic challenges of 2022

For the third year in a row, Thailand’s and the global economic recovery will hinge on progress in fighting the COVID outbreak. Consumers, businesses, and policymakers will face five key…

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Skyrocketing pork prices drive street meals up by at least five baht

Many food vendors in Thailand are complaining over skyrocketing pork prices, forcing them to increase the prices of their dishes by 5 baht a plate. Pork prices are currently 210-230…

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Reviving Thailand: Transportation

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Reviving Thailand: Hospitality

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Thai Livestock Department urged to contain spread of African swine fever quickly

The Department of Livestock Development has been urged to take immediate steps to contain African Swine Fever (ASF) in Thailand’s pig farms, before more damage is done to the pig…

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AP Photo/ Gemunu Amarasinghe, File

Thai business sector objects to sweeping restrictions to cope with new wave of COVID-19

Thai Chamber of Commerce (TCC) Chairman Sanan Angubolkul disagrees with raising the COVID-19 alert level to the extent that business activities are locked down again, saying that such a decisive…

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An employee inspects a circuit board on the controller production line at a Gree factory, following the coronavirus disease (COVID-19) outbreak in Wuhan, Hubei province, China August 16, 2021. China Daily via REUTERS

Global economy: Asian factories take Omicron risks in stride, for now

TOKYO, Jan 4 (Reuters) – Asia’s factory activity grew in December as companies took rising global cases of the new Omicron coronavirus variant in stride, though persistent supply constraints and rising input…

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Reviving Thailand: Start-up businesses

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Reviving Thailand: Tourism Businesses

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Photo by Mladen ANTONOV / AFP

Cabinet continues ‘the more you shop the more you get’, co-payment stimulus schemes

The Thai cabinet endorsed the Finance Ministry’s plan to roll out the fourth phase of the popular 50:50 co-payment scheme today (Tuesday), from March until the end of April, according…

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Reviving Thailand: Street Food

In March of 2020, the Thai Government declared a state of emergency. Soon afterwards borders were closed to foreign arrivals due to the stringent measures to curb the spread of…

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A man walks through the arrival gates at Suvarnabhumi International Airport as Thailand welcomes the first group of vaccinated tourists without quarantine in Bangkok on November 1, 2021. (Photo by Lillian SUWANRUMPHA / AFP)

Omicron casts shadow over Thailand’s economic revival

The recent discovery of the Omicron variant of the coronavirus has made global stock markets highly volatile — sharply down in late November and rebounding in early December. Thai stocks…

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Thai private sector wants extension of co-payment scheme, reduced utility rates

The Thai private sector is asking the government to extend the 50:50 co-payment economic stimulus scheme until the end of January and to continue the power and water rate cuts…

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“Doing parliamentary duties” is a divisive term

Thailand’s Opposition outlines government’s failures

Thailand’s six-party opposition bloc has issued a joint statement outlining the government’s failures during the past three years under the leadership of Prime Minister Prayut Chan-o-cha. Leaders of the opposition…

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Starting again: Thailand’s reopening gives hope despite challenges and risks

Many operators in the hospitality sector have gone through the worst of their business lives due to the pandemic but now, with Thailand once again open to visitors, they are…

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Thai PM claims he is neither a dictator nor blind to the views of detractors

Prime Minister Prayut Chan-o-cha has refuted allegations that he is a dictator, who aspires remain in power for up to 20 years to implement the 20-year national strategy, or that…

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Pro-active international economic policy ‘a must’

Thailand’s international economic policy is set to be revamped when a new government is formed next year, with the application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership…

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As Thailand reopens, signs of economic recovery are visible

The tourism industry is showing initial signs of recovery, but Thailand’s small businesses and households are still struggling to survive as uncertainty about COVID-19 gnaws at the local and global…

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Photo by CHRISTOPHE ARCHAMBAULT / AFP

Thailand’s GDP for Q3 contracts 0.3%, forecast to increase by 1.2% for whole year – NESDC

Thailand’s economic gross domestic product (GDP) shrank 0.3% during the third quarter, compared to an increase of 0.1% during the second quarter and 7.6% during the same quarter of last…

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Thai energy minister defends 30 baht/litre price for diesel

Thailand’s energy minister Supattanapong Punmeechaow has defended the government’s decision to cap the retail price of diesel fuel at 30 baht/litre, saying that this price has been maintained for more…

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Government urged to revive ‘Shop Dee Mee Kuen” stimulus in run up to New Year

The Thai Retailers Association has proposed that the government revive the “Shop Dee Mee Kuen” (shopping with refunds) scheme to encourage consumer spending during the last two months of the…

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Additional ฿76 billion needed for Thailand’s rice price support

Thailand’s cash-strapped Ministry of Finance will consult the Budget Bureau about finding an additional 76 billion baht to fund the Commerce Ministry’s rice farmer revenue guarantee scheme, for the 2021-22…

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Slightly fewer dwellings listed on property market in Q2, 2021, with prices increased

A Thai Real Estate Information Centre’s (REIC) report shows an average of 114,668 second hand dwellings had been listed per month in the second quarter of 2021, along with some…

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Fintech revolution poses challenges to Thai consumers

Banks and big corporations have seen disruption of their business models, but they have adjusted their operations quickly enough to cope with radical changes in financial services. While Thai consumers…

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An electronic display showing the China GDP indexes is seen on a street in Shanghai, China October 16, 2021. REUTERS/Aly Song

China’s economy stumbles on power crunch, property woes

BEIJING (Reuters) – China’s economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks and major wobbles in the property market and raising pressure on policymakers…

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City of Pataya during the lockdown in September 2021. (Photo by Thai PBS)

Human resources and inequality, main issues needing serious attention

Thailand needs to develop its human resources, improve the quality of its education, and get serious about addressing the inequality gap, says economist, Dr. Somjai Phagaphasvivat. He said that dealing…

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AP Photo/Vincent Thian

IMF warns pandemic darkening prospects in developing countries

Washington (AFP) – The ongoing hit from the Covid-19 pandemic and the failure to distribute vaccines worldwide is worsening the economic divide and darkening prospects for developing nations, the IMF said Tuesday….

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A shopkeeper counts the Myanmar kyat currency at his shop in Pazontaung market in Yangon. (Photo by Ye Aung THU / AFP)

Myanmar’s economy has plunged even deeper into a recession pit

As the political turmoil continues to wreak havoc in Myanmar, the economy has plunged into an even deeper recession. By September 29th, the exchange rate was 3,000 Kyat to the…

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Increase in public debt ceiling raises questions on government’s competence

Finance Minister Arkhom Termpittayapaisith recently announced that the government needed to increase the public debt ceiling to 70 percent of gross domestic product (GDP) from 60 percent. The remarks came…

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World Bank’s lowers Thailand’s GDP growth forecast for this year to 1%

World Bank has slashed Thailand’s gross domestic product (GDP) projection for 2021 to just 1%, from 2.2% originally forecast, due to the impacts of the COVID-19 pandemic, said Mr. Kiatipong…

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Economic recovery hinges on whether relaxation of lockdown is sustainable

The government has started to ease some lockdown restrictions from September 1. Department stores have been allowed to reopen most of their services after being closed for a month. Restaurants…

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Photo by STEPHEN SHAVER / AFP

Thailand’s private sector tells government – ‘No more lockdown restrictions’

The joint committee of Thailand’s three private sector organizations has told the government not to re-impose lockdown restrictions, but to accelerate vaccinations to cover 70% of the country’s population before…

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Covid-19 pandemic highlights the importance of financial literacy

Financial misery has engulfed both individuals and small businesses as a result of the economic fallout from the coronavirus pandemic and the lockdowns and restrictions that have accompanied it. SMEs,…

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Pre-pandemic global employment levels not expected until 2023 – OECD

The world’s employment levels will not return to pre-COVID-19 levels until at least 2023, the Organisation for Co-operation and Economic Development (OECD) said on Wednesday (July 7) as it unveiled…

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This file photo dated 05 September, 1997 shows exchange rates at the Bangkok Bank. (Photo by GARY WAY / AFP)

Financial crisis to silent crisis: 24 years after the baht’s freefall

Thailand’s currency collapsed on July 2, 1997, as market speculation forced the country to abandon its fixed exchange rate and the central bank depleted its coffers to protect the baht….

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New Zealand’s Prime Minister Jacinda Ardern speaks during a press conference about Covid-19 coronavirus restrictions, in Wellington on March 5, 2021. (Photo by Marty MELVILLE / AFP)

New Zealand economy back to pre-pandemic levels

New Zealand’s economy posted better-than-expected growth of 1.6 percent in the first quarter of 2021, official data showed Thursday, with analysts saying activity was back at pre-coronavirus levels. The expansion…

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Thailand’s consumer confidence index for May lowest for 22 years

Thailand’s consumer confidence index (CCI) for the month of May plunged to its lowest point in 22 years and eight months, due to impacts from the third wave of the…

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Cabinet approves four schemes to stimulate the Thai economy in Q3 and Q4

The Thai cabinet approved four economic stimulus schemes today (Tuesday), aimed at easing the cost of living burden of about 51 million Thais and stimulating the COVID-beset economy for the…

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COVID-19 throws all ideologies into melting pot

First, it was China’s “comfortable survival”. Then, it was the intriguing question of whether or how much states should “provide” or “facilitate” vaccination. Now, it’s the anger and disbelief following…

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Inside the Jatujak market, the most popular weekend market in Bangkok on May 18, 2021.

Thailand’s dilemma: how to shore up economy as infections surge

Thailand’s economic outlook is bleak, with the daily COVID-19 caseload hitting four figures following mid-April’s Songkran holiday. The economy shrank 2.6 percent year on year in the first quarter, according…

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