File photo : PM Srettha Thavisin/PM’s X

PM urges MPC to call a special meeting to review policy rate

Prime Minister Srettha Thavisin has urged the Monetary Policy Committee (MPC) to call a special meeting to review its decision to maintain the policy rate at 2.5%, without waiting until…

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NESDC urges policy rate, credit card interest and lending-deposit spread cuts

The National Economic and Social Development Council (NESDC) has urged the Bank of Thailand to review its policy rate, cut the credit card interest rate, from 8% to 5%, and…

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Builders work at a construction site for a mixed-use development project in the Sukhumvit area of Bangkok on July 1, 2023. (Photo by Alex OGLE / AFP)

NESDC forecasts Thailand’s growth for this year at 2.5%

Thailand’s GDP this year is forecast to grow by 2.5%, down from 3% as earlier projected, as growth in the third quarter of the year was just 1.5%, due to…

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Prime Minister Srettha Thavisin attends the Thai Rath Forum 2023, on September 18.

NESDC casts doubts over domestic consumption rise from digital wallet scheme

National Social and Economic Council (NESDC) is unsure that the digital wallet scheme will boost domestic consumption to the level desired by the government, as the current consumption rate remains…

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Personal and credit card loans contribute to rise in Thailand’s household debt

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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Political parties grapple with funding constraints for pension plans in run-up to general election  

“Thailand will be a full-fledged aging society this year, as citizens 60 years old and above will represent 20 per cent of the total population,” said Worawan Plikhamin, deputy secretary-general…

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Global conditions arrest Thailand’s economic recovery  

Thailand’s economic growth in the fourth quarter of last year has disappointed many people. Real gross domestic product (GDP), a broader measure of economic output, grew just 1.4 percent year on year,…

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People are seen in a slum along railroad tracks in downtown Bangkok on June 15, 2020. (Photo by Mladen ANTONOV / AFP)

8.1 million Thais are poor, 4.4 million below poverty line – NESDC

More than 8.1 million Thais are poor, including 4.4 million living below the poverty line, according to the latest report by The Office of the National Economics and Social Development…

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(FILES) In this file photo taken on July 18, 2022 tourists gather and take pictures in the grounds of the Grand Palace in Bangkok. (Photo by Jack TAYLOR / AFP)

Thailand’s economic think tank predicts 3.2% growth this year

Bolstered by recovery in the tourism sector, Thailand’s economic growth for the whole of 2022 is forecast to be 3.2%, without further need for major economic stimulus packages, according to…

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Foreign tourists walk along the popular Khaosan Road in Bangkok on May 17, 2022. Thailand’s economy grew 2.2 percent in the first quarter following an export and tourism boost after the relaxation of pandemic entry restrictions, the kingdom’s main economic agency said May 17. Lillian SUWANRUMPHA / AFP

Thailand’s 2022 GDP growth projection cut to 3%, 2.2% recorded for Q1

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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Photo by Mladen ANTONOV / AFP

Thai cabinet approves tax incentives for foreigners with LTR visa

The cabinet approved in principle today (Tuesday) a draft royal decree to exempt from personal income tax foreigners on long-term resident visas (LTR visa) who stay in Thailand or who…

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Record 870,000 Thais unemployed in Q3 2021, household debt surges 5% – NESDC

Impacted by COVID-19 lockdown measures, about 870,000 Thais were jobless during the third quarter of this year, a record high, with college and university graduates accounting for 3.63%. Meanwhile, household…

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Thailand’s GDP for Q3 contracts 0.3%, forecast to increase by 1.2% for whole year – NESDC

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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(Photo by Tim Mossholder)

Thailand’s economy staring at recession at year-end

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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Cautious optimism infects Thailand as mass vaccination heralds reopening 

The launch of Thailand’s mass vaccination program on June 7 has sparked hope that the country can reopen for tourists and resume normal business activities. But uncertainty remains. The third…

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Govt’s latest COVID-relief loan triggers fears over transparency, public debt   

Controversy has erupted over the government’s move to borrow another huge sum to aid recovery from the virus crisis.  The government opted for an emergency decree to sanction an extra…

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Photo by Romeo GACAD / AFP

Thailand’s household debt increased 3.9% to ฿14.02 trillion in Q4 of 2020 and will grow this year

Thailand’s household debt increased 3.9% to 14.02 trillion baht in the fourth quarter of last year, representing 89.3% of gross domestic product (GDP), said Mr. Danucha Pichayanan, secretary-general of the…

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Inside the Jatujak market, the most popular weekend market in Bangkok on May 18, 2021.

Thailand’s dilemma: how to shore up economy as infections surge

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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