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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Jack TAYLOR / AFP

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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Photo by CHRISTOPHE ARCHAMBAULT / AFP

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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