Thai businesses advised to prepare for global economic reset

The Thai private sector should brace for a global economic reset, amidst the uncertainty over geo politics and the changing political landscape, which will lead to a multi-polar world order…

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Slow economic growth, lack of foreign investment are major challenges

Thailand’s biggest economic challenge is that its economy has been growing at slower pace, about 3% per annum, than Malaysia and China, at about 5% annually, because it lacks the…

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Sanan Angubolkul, president of the Thai Chamber of Commerce and Board of Trade

Private sector wants digital wallet scheme launch next April – Sanan

The government should launch the digital wallet scheme next April, because the Thai economy will need an injection of cash for economic stimulation, otherwise it will be too late, said…

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PM to press ahead with “digital wallet” despite protests from academics

Prime Minister Srettha Thavisin has reiterated the government’s determination to launch the digital wallet scheme early next year as promised, despite protests from a group of 99 economics professors, including…

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Thailand’s 2023 inflation forecast to be 1-2%, the lowest in ASEAN

Thailand’s inflation rate is the lowest among the seven ASEAN countries which have already announced their rates, with inflation for the whole year expected to range between 1% and 2%,…

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Selection of Thai PM is a key to the health of the Thai economy

The selection of Thailand’s prime minister will be key to the performance of the Thai economy, whether it will continue to improve and prosper or go in the opposite direction,…

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Thai central bank increases key interest rate to 1.50%

The Bank of Thailand’s Monetary Policy Committee agreed unanimously on Wednesday to raise the key interest rate by 25 basis points, to 1.50%, with immediate effect. The central bank said…

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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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AP Photo/ Gemunu Amarasinghe, File

Thailand’s Multidimensional Poverty Index lowest in ASEAN

Thailand’s Multidimensional Poverty Index (MPI) is 0.002, the lowest among all the ASEAN countries, according to a new report released by the United Nations Development Programme (UNDP) and the Oxford…

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A general view shows the Evergrande Center building in Shanghai on September 22, 2021. Hector RETAMAL / AFP

Thai government advised to prepare for financial fallout from China’s ‘Evergrande’ crisis

Thailand’s former finance minister and Kla Party Leader Korn Chatikavanij has strongly advised the Thai government to take precautionary steps to protect against any fallout from China’s Evergrande crisis. In…

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PM vows to spend rest of year rebuilding the Thai economy and the country

Thailand’s Prime Minister Prayuth Chan-o-cha has refuted the Opposition’s claim that his government should be held accountable for all the COVID-19 deaths, as a result of its failures in managing…

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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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Weaker baht may not help economy if COVID not contained

The baht has seen a steady slide for weeks amid a surge in COVID-19 infections and deaths recently. The baht fell to 33.39 to the US dollar at one point…

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Khao San Road, a once popular tourist strip in Bangkok. (Photo by Jack TAYLOR / AFP)

Virus surge kills chance of early economic recovery for Thailand  

Thailand’s economic recovery looks set to be delayed further, with many research houses revising down their growth forecasts for this year. The economy contracted 6.1 percent last year amid the…

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Thailand’s former deputy prime minister Somkid Jatusripitak is preferred by Sarng Anakot Thai as prime minister (File Photo by STR / AFP)

Is ‘economics tsar’ Somkid Jatusripitak preparing to make a comeback?

Famed as Thailand’s top “economics tsar”, former deputy prime minister Somkid Jatusripitak has served both elected governments and a junta regime during his long and colorful career. Somkid, 68, abruptly quit…

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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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Thai economy expected to contract in 2020, but will recover next year

The Organization for Economic Co-operation and Development, or OECD, has published its assessment of the Thai economy, saying that the pandemic has interrupted Thailand’s socioeconomic progress. In its recent 163-page…

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Central bank governor says Thai economy does not need bailout from IMF

The Thai economy is strong enough and the country does not need to seek a financial bailout from the International Monetary Fund (IMF), although its GDP this year may be…

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A general view shows an empty street in Bangkok on April 3, 2020, ahead of a nationwide night curfew aimed at stemming the spread of the COVID-19 novel coronavirus. (Photo by Mladen ANTONOV / AFP)

Thai economy set bottom-out after Government reopens some businesses

The Thai economy has reached its low point, with the gross domestic product (GDP) forecast to contract by 3% to 5%, instead of 1.5-2% as originally estimated, and exports will…

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©Waranont (Joe)

How Thai economy will perform next year

Thailand’s economy is likely to increase around 2.7-3.0 percent, according to the predictions by several economic institutions. The limited expansion is a result of negative effect from the weaker global…

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(Photo) Millions of pro-democracy protesters have taken to the streets of Hong Kong over the past 10 weeks/AFP (File/Anthony WALLACE)

Hong Kong standoff takes a toll on Thai economy

The political standoff in Hong Kong is not only fueling fears that Hong Kong may be heading for recession, but also that it may hurt Thailand’s economy. For example, Thailand’s…

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Economic issues for new Thai government

As of press time, political parties from both sides are racing to sign up coalition partners. After the much-awaited general election, finally, there are signs that Thailand may soon have…

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How drought weakens Thai economy

Thai farmers are expected to face a tough year in 2019 as the drought will be more acute than usual, lowering the water levels in reservoirs in the central and…

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