Thailand’s economic growth for 2022 adjusted down to 3.4 percent

Thailand’s Fiscal Policy Office has adjusted the economic growth projection for this year to 3.4%, down from 3.5%, due to a slowdown in private investment, from a projection of 5.7%…

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Low income Thais who missed out on welfare card scheme to get another chance to apply

About two million low income-earners, who missed out on previous registration for welfare cards, mostly because they don’t have smartphones, will get another chance to get register to receive financial…

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Will COVID-19 give birth to a welfare state in Thailand?

Thailand’s economy has been hit hard by the COVID-19 fallout, with numerous layoffs, working hours cut and people’s income plunging. The government has implemented a raft of relief packages to…

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Fiscal Policy Office cuts policy rate to 1.25% to boost declining economy

The Fiscal Policy Office of the Bank of Thailand voted 5:2 on Tuesday to slash the benchmark policy rate by 25 points to 1.25% with immediate effect in a bid…

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‘Tailor made’ welfare system may replace ‘one size fits all’

Thailand’s Finance Ministry is considering an overhaul of the current ‘one size fits all’ state welfare system, replacing it with a more tailor made version which is more efficient in…

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