Thailand’s economy in 2023 could pose multiple challenges to government and central bank

Thailand’s gross domestic product (GDP) will expand by around 3-4 percent this year, only slightly higher than last year’s 3.2 percent, the National Economic and Social Development Council, a state…

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Several incentives approved to attract long-staying foreign investors, wealthy foreigners

Today (Tuesday) Thailand’s cabinet approved, in principle, a measure to attract “high potential” foreigners, including wealthy retirees and specialists, to stay long term in the country in a bid to…

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Bhumjaithai MP for Uthai Thani province, Chada Thaiseth

Budget Bureau and NESDB slammed for cutting Public Health Ministry’s budget

The Budget Bureau and the National Economic and Social Development Council (NESDC) came under attack from a government MP, during the budget debate in the Thai parliament today (Monday), for…

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NESDB says retiree needs 2.8 – 4 million baht savings to survive for the rest of life

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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Transport Ministry proposes a committee to decide on Suvarnabhumi 2nd terminal

Thailand’s Prime Minister Prayut Chan-o-cha has been asked by the Transport Ministry to set up a committee, to be chaired by Deputy Prime Minister Anutin Charnvirakul, to decide whether the…

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NESDB to design 2-year strategic plan to cope with COVID-19 pandemic fallout

Thailand’s National Economic and Social Development Board (NESDB) has been tasked by the Prime Minister to draw up a two-year national strategic plan, to deal with the fallout from the…

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Thailand’s GDP this year set to contract 7.8-7.3%, not 5-6% previously forecast

Thailand’s household debt has increased to the highest level in four years, whereas the Gross Domestic Product (GDP) for the second quarter contracted 12.2%, prompting the Finance Ministry to forecast…

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Thailand’s Health Minister vows to fight NESDB health volunteer reward cuts

Public Health Minister Anutin Charnvirakul has cried foul over Thailand’s National Economic and Social Development Board’s (NESDB) plan to cut to seven the 500 Baht monthly payments for the country’s…

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Finance Ministry plans more tourism stimuli to boost rural economies

Thailand’s Finance Ministry is considering extending the Thiew Pan Sook (Happiness Sharing Tour) program to cover community and agriculture based tourism, while providing tourism operators and airlines with access to…

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NESDB approves first 213 projects aimed at rebooting the economy

Thailand’s National Economic and Social Development Board (NESDB) has agreed the first 213 projects, out of about 46,000 proposed by government agencies and local administration organizations, to rehabilitate the economy…

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Photo by Austin Distel on Unsplash

NESDB’s proposal for Thailand’s Generation Y

Concerned with the easy-going lifestyle of Thailand’s millennials, or Generation Y, and their ability to support efforts to drive the country forward over the next two decades, Thailand’s National Economic…

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Employment rate for the third quarter falls 2.1 percent

The employment rate in the non-farming sector, for the third quarter of this year, has fallen by 2.3% whereas, in the farming sector, it has fallen by 1.8%, according to…

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(Photo) Inside Suvarnabhumi Airport terminal on a busy day/Twitter@fernwnjh

AOT’s second terminal project at Suvarnabhumi placed on hold for review

Thailand’s Transport Ministry has placed Airports of Thailand’s (AOT) 42-billion baht second terminal project at Suvarnabhumi International Airport on hold. Transport permanent secretary Chaiwat Thongkamkoon said Tuesday that the ministry…

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Growth rate for 3rd quarter drops but to rebound in last quarter:  NESDB

Economic growth rate for the third quarter was registered at 3.3 percent – down from 4.6 percent during the second quarter, but the growth rate for the fourth quarter is…

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