Thailand’s household debt remains worryingly high at almost 91 per cent of gross domestic product (GDP) as of the third quarter of last year, due largely to a debt overhang…
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Thailand’s household debt remains worryingly high at almost 91 per cent of gross domestic product (GDP) as of the third quarter of last year, due largely to a debt overhang…
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Prime Minister Srettha Thavisin has reiterated the government’s determination to resolve formal and informal debt problems within the 4-year term of his administration. He said that the progress in tackling…
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The Thai government is expected to announce new measures today to solve the debt problems of Thai people, after it was revealed that, by the end of last year, household…
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Thailand’s household debt is expected to soar to 16.9 trillion baht, or 91.4% of GDP, by the end of this year, with the value of non-performing loans (NPLs) in the…
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The national household debt has increased by 3.6%, compared to the first quarter, to about 16.07 trillion baht in the second quarter of this year, representing 90.7% of GDP, according…
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The Bank of Thailand (BoT) is considering four measures to reduce Thailand’s household debt to about 80% of gross domestic product (GDP), down from the current 90.7%, according to Ronadol…
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Economic 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…
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Household 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,…
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Thai 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…
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Household 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…
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Household debt for the third quarter of 2022 increased by 3.9%, to over 14.9 trillion baht for the first time in five quarters, largely due to the rise in personal…
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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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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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An emergency fund can be a lifeline when we are faced with a worst-case scenario. It can be very helpful for unexpected life events, such as loss of employment or…
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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 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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The Thai economy rebounded in the second quarter, growing by 7.5 percent year on year, after a 12.1 percent contraction during April-June last year. The high economic growth in the second…
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Thailand’s household debt, for the first quarter of this year, soared to 14.1 trillion baht, accounting for 90.5% of gross domestic product (GDP), and is increasing due to a fall…
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Thailand’s household debt in the first quarter of 2021 increased to 14.13 trillion baht, representing 90.5% of gross domestic product (GDP), compared to 89.4% of GDP for the fourth quarter…
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People in Thailand need retirement savings of between 2.8 and 4 million baht to survive for the rest of their lives, according to the National Economic and Social Development Board…
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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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