(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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Thailand’s teachers accumulate combined debts of ฿1.4 trillion

Over 900,000 teachers, or 80% of all teachers in Thailand, owe a combined total of about 1.4 trillion baht, with teacher savings cooperatives being the biggest creditors, accounting for 890…

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Photo by Lillian SUWANRUMPHA / AFP

Thai economy expected to be affected by global turbulence for 2 more years

Thailand’s economy will be affected by global economic turbulence, which may for last two years, during which growth in Thai exports will contract while domestic inflation will increase, said Kobsak…

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Combined total of 70 billion baht spent under 3 stimulus projects by April 30th  

More than 70 billion baht, of a combination of funding from the government and consumer’s own money, has been spent under three economic stimulus projects, rolled out by the government…

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Research shows most people fear that the inflationary situation will continue for more than a year. (photo by @helloimnik)

Is Thailand facing the risk of stagflation?

Amid the rising cost of living and uncertain economic prospects, more people are starting to talk about the risk of stagflation, a scenario marked by high inflation and high unemployment…

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How a proposed tax on share trading will affect investors

The Finance Ministry is considering levying a financial transaction tax (FTT) on stock trading next year, but a decision will depend on economic conditions, Finance Minister Arkhom Termpittayapaisith revealed recently….

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Thai private sector to propose economy-boosting measures to PM on Sunday

Sanan Angubolkul, president of the Thai Chamber of Commerce, told an economic forum today (Saturday) that five regional chambers of commerce have been developing measures, to be complied into a…

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Has the level of happiness in Thailand deteriorated?

The level of happiness in Thailand has reduced over the past few years, according to a number of indices and surveys. With the COVID-19 pandemic taking its toll on the…

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Thai household economy improves but remains fragile for rest of the year

Thailand’s household economy has improved but will remain fragile for the rest of the year, due to a combination of flooding, rising energy prices and uncertainty over the COVID-19 pandemic,…

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Thai cabinet approves six new special economic zones in EEC for future industries

The Thai cabinet has approved the establishment of six special economic promotion zones in the Eastern Economic Corridor (EEC) in eastern Thailand, with the aim of attracting investments of over…

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S&P Global retains Thailand’s credit rating at BBB+ with stable outlook

S&P Global Ratings (S&P) has retained Thailand’s sovereign credit rating for 2021 at BBB+, with a stable outlook, as it was last year, according to Government Spokesman Thanakorn Wangboonkongchana. Regarding…

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A textile factory in Pathum Thani. (Photo by Lillian SUWANRUMPHA / AFP)

Thailand’s manufacturing at risk as workers get infected with COVID

The COVID-19 crisis has continued to aggravate in Thailand with new cases rising at an alarming rate, exceeding over 15,000 a day in the last few days. The impact on businesses and people…

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(Photo by @helloimnik)

‘No winners’ in Thailand’s fresh lockdown offensive against COVID

Thais across the country are suffering the impact of a semi-lockdown after restrictions were expanded from 13 to 29 provinces and extended until at least August 31. Concern is now…

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Thailand’s delicate balancing act of combatting COVID-19 and reviving economy

Thais are deeply worried about the government’s plan to reopen the country and resume normal business operations by October, as daily infections and deaths rise again amid a bumpy vaccine…

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Does 2022 budget bill answer the country’s needs?   

Critics say the 2022 budget bill scheduled for debate in Parliament next week has several flaws, ranging from the size of total spending to how it is allocated.   The 2022…

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Thailand’s Prime Minister Prayut Chan-O-Cha (6th from right, front) posing for official photo with the cabinet minister following a reshuffle at the Government House in Bangkok. (Photo by Handout / ROYAL THAI GOVERNMENT / AFP)

Prayut and his economic team facing unprecedented test of crisis management   

The unprecedented task of pulling Thailand out of its COVID-induced economic crisis rests on the shoulders of just three men. And there are signs that Prime Minister Prayut Chan-o-cha, his…

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People walk past closed shops on Khao San Road, a once popular tourist strip in Bangkok. (Photo by Jack TAYLOR / AFP)

Third wave of COVID infections spins new economic risks

Thailand’s new wave of COVID-19 infections has raised the economic risk level, but a clear picture of the impact will only emerge after the Songkran break. The Thai economy contracted…

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A woman cycles past a closed seafood restaurant along Patong beach in Phuket, which has seen a lack of tourists due to ongoing restrictions relating to the COVID-19 novel coronavirus. (Photo by Lillian SUWANRUMPHA / AFP)

Simmering political conflict threatens to derail Thailand’s COVID recovery

Political stability has a key influence over a country’s economic performance both in the short and the long term. In Thailand, anti-establishment protests that kicked off last year are rocking…

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(Photo by Jack TAYLOR / AFP)

Thailand ranked 3rd in ASEAN on Economic Freedom Index

Thailand ranked 3rd in ASEAN, 9th among 40 Asia-pacific countries and 42nd in the World on the most recent on Economic Freedom index. Singapore tops the list for the second…

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A man wearing a face mask walks past a closed restaurant in Bangkok on February 15, 2021, as Thailand records it worst economic performance in more than two decades. (Photo by Jack TAYLOR / AFP)

Economy must come before politics in Thai Cabinet reshuffle, say experts

Business leaders and academics insist solving Thailand’s economic crisis must be the top priority in the upcoming Cabinet reshuffle. “The new ministers should also be highly competent and capable of…

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Goodbye 2020, year of eerie silence and alarming tumult

To Thai people, 2020 was a year of two halves, and nobody had seen either half coming. The first featured surreal and scary scenes of empty streets, quiet city nights…

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