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Reliance on China Sets of Thailand for New Economic Crisis – Ex-Minister

A former top minister suggested that Thailand faces another economic crisis fueled by world events. Kobsak Pootrakool, who was with the Prime Minister’s Office, said...

Relaxed Covid-19 Rules Boosts Tourism, Economy – BoT

Relaxation of Covid-19-related tourist-entry restrictions helped Thailand’s tourism industry recover, with signs of improvement across all sectors, the Bank of Thailand said. The tourism sector...

Inflation Won’t Halt Thai Economic Growth – Energy Minister

Thailand's economy is expected to continue growing amid the inflation crisis, as authorities reaffirm their commitment to addressing all existing challenges. Energy Minister Supattanapong Punmeechaow...

Thailand Borrows Another ฿13 Billion From Japan for Pandemic Recovery

Continuing its borrowing ways, Thailand finalized a loan of more than 13 billion baht from the Japan International Cooperation Agency. The 50-billion-yen loan was permitted...

Already $44 Billion in Debt, Thailand Rules Out Borrowing to Fund Future Stimulus

. Finance Ministry unsure economy needs another cash infusion

Inflation hits 13-Year High 5.7% in March

Inflation hit 5.73% in March, the highest rate in 13 years with the government blaming the Russia-Ukraine war for rising energy prices. Trade Policy and...

Cabinet OKs Spending Billions More on Covid-19, Cost-of-Living Subsidies

Thailand continued to spend money it doesn’t have Monday, approving another 8.5 billion baht for its coronavirus response and 10 more subsidies to reduce...

Russia-Ukraine War Seen Costing Thailand ฿245 Billion in Trade, Tourism

Russia’s invasion of Ukraine could cost the Thai economy 245 billion baht and hinder economic growth this year, the University of the Thai Chamber...

Major Business Group Cuts Economic Growth Forecast on Ukraine War, Oil Prices

The Joint Standing Committee on Commerce, Industry and Banking revised its prediction on Thai economic growth downwards to 2.5-4.5% this year while proposing the...

Recession Ends as Thailand Posts 1.6% Growth in 2021

Years of recession ended Monday as Thailand reported that its economy grew 1.6% in 2021. The economy returned to growth in the fourth quarter, but...

Bank of Thailand Sees Inflation Easing in Late ’22

The Bank of Thailand expects headline inflation to top an earlier forecast of 1.7% this year, but should remain within the central bank’s target...

Thailand Goes All In on Manipulating Free Market Through Price Controls

. Commerce Min to tell manufacturers what products should cost in futile bid to beat inflation

BoT to Hold Interest Rates at Record Lows for Another Year

The Bank of Thailand will wait at least a year before raising interest rates from current record lows to support the economy, which has...

BOI OK’s Expanded Stimulus Plan, EEC Investment Measures

The Board of Investment has approved the expansion of investment stimulus and the period for promotion measures in the Eastern Economic Corridor zone to...

World Bank Throws Water on Rosy Thai Economic Forecasts, Sees only 1% Growth

The World Bank isn’t as rosy on Thailand’s economy as Thailand’s bureaucrats are. Following Thai government forecasts of 1.5 percent and 1.2 percent growth in...

Full Recovery of Thai Economy in 2023 – Finance Ministry

The Finance Ministry said it expects the economy to fully recover by 2023, driven mainly by tourism. Minister Arkhom Termpittayapaisith said 2022 should see the...

Inflation Surges to 2.7% in Nov., Highest in 7 Months

Inflation in November surged to 2.7 percent, the highest pace in seven months, fueled by the easing of disease controls and business reopenings. Ronnarong Phoolpipat,...

CESA OKs Plans to Attract Rich Foreigners, Film Crews

The government’s economic task force approved four new schemes to attract rich foreigners to Thailand, overseas film productions and support cloud-computing and tech startups. The...

Thai Economy Now Seen Growing 1.5% in 2021

The University of the Thai Chamber of Commerce’s economic forecasting center now expects the economy to expand by 1.5 percent this year, owing to...

Thai Economy Shrinks Less Than Expected 0.3% in Q3, Buoyed by Exports

Thailand’s economy contracted less than expected in the third quarter, with the relatively strong exports offsetting the devastating effects of the coronavirus delta variant. Gross...

Fuel, Flooding Push Thailand Inflation Rate to 2.4% in Oct.

Fuel prices and severe floods pushed inflation to 2.38 percent in Thailand last month. The Finance Ministry said headline inflation jumped from 1.68 percent in...

Thailand Wants Rich Foreigners, But Still Won’t Let Them Own House, Land

... Unless you've got 40 million baht to burn, of course.

Thai Economic Outlook Revised Up as Covid-19 Outlook Improves

The Joint Standing Committee on Commerce, Industry and Banking revised its forecast on Thailand’s gross domestic product up by 1 percent to range between...

Bank of Thailand Leaves Key Interest Rate at 0.5%

The Bank of Thailand’s Monetary Policy Committee voted Wednesday to maintain the policy rate at 0.50 percent. The Committee assessed that the Thai economy in...

Bank of Thailand Crafts Measures to Cut Household Debt

The Bank of Thailand is crafting ways to reduce the country’s household debt burden, including borrowing from financial institutions and other loan sources not...
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