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…
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…
Read MoreThe 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…
Read MorePursuing 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….
Read MoreThailand’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…
Read MoreThe 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,…
Read MoreThe 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…
Read MoreThe 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….
Read MoreThe 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…
Read MoreFormer 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,…
Read MoreTrading 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…
Read MoreConsumers 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…
Read MoreThe 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…
Read MoreUnfavorable 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…
Read MoreThe 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…
Read MoreThailand’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…
Read MoreSpending 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…
Read MoreThailand 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…
Read MoreMost 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…
Read MoreThe 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…
Read MoreThe 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…
Read MoreAs 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…
Read MoreThe 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…
Read MoreThailand’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…
Read MoreAnticipating 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…
Read MoreThe 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…
Read MoreThe 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,…
Read MoreThe 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…
Read MoreAmid 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…
Read MoreThe 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…
Read MoreFor 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…
Read MoreMany 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…
Read MoreThe 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…
Read MoreThai 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…
Read MoreTOKYO, 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…
Read MoreThe 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…
Read MoreIn 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…
Read MoreThe 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…
Read MoreThe 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…
Read MoreThailand’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…
Read MoreMany 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…
Read MorePrime 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…
Read MoreThailand’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…
Read MoreThe 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…
Read MoreThailand’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…
Read MoreThailand’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…
Read MoreThe 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…
Read MoreThailand’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…
Read MoreA 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…
Read MoreBanks 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…
Read MoreBEIJING (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…
Read MoreThailand 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…
Read MoreWashington (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….
Read MoreAs 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…
Read MoreFinance 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…
Read MoreWorld 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…
Read MoreThe 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…
Read MoreThe 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…
Read MoreFinancial 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,…
Read MoreThe 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…
Read MoreThailand’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….
Read MoreNew 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…
Read MoreThailand’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…
Read MoreThe 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…
Read MoreThai politicians and academics are showing a growing interest in China’s experience in poverty reduction. Leaders of the ruling Palang Pracharath Party recently met with their Chinese Communist Party (CCP)…
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 hotel in Thailand’s Sukhothai province, the business of which has suffered due to the COVID-19 pandemic, has remodeled itself into an outdoor barbecue restaurant, with large model dinosaurs. The…
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 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 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 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 MoreThe Thai economy is not bad, just slowing down, said Deputy Prime Minister Somkid Jatusripitak today as he urged the private sector to join hands to drive the economy. Addressing…
Read MoreMost poll respondents do not believe that Thailand’s economy will improve if the Constitution is amended because they are unrelated issues. Meanwhile, some insist that economic improvement rests with the…
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