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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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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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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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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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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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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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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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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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 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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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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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 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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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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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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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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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 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 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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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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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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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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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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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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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 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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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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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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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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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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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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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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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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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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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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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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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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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…
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…
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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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 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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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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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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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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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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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 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 (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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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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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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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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Thai 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)…
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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…
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A 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…
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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…
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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….
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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…
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Thailand’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,…
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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…
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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…
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The 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…
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Most 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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