Tag: Economy
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...
Thais Facing Economic Ruin with Both Covid-19, Government to Blame
By James Lovelock Millions of Thais facing poverty and financial ruin not only have the devastating Covid-19 crisis to blame, but their own government as...
ADB Cuts Thailand GDP Forecast by 1/3; Downgrades Asian Growth
The Asian Development Bank said Asia’s economic growth this year will be slightly lower than previously projected, citing the resurgence of Covid-19 infections. The ADB...
Gov’t OKs ฿11 Billion for Lockdown-Impacted Businesses, Workers
The Cabinet on Tuesday expanded its economic-relief program for businesses and workers in the Social Security program damaged by coronavirus restrictions to newly designated...
1.3 Million Co-Pay Subsidy Rights Snapped Up in 9 Minutes
It took only nine minutes for Thais to snap up the 1.34 million subsidy rights offered under the latest phase of the government’s co-pay...
1.5 Million Thais Fell into Poverty During Pandemic – World Bank
About 1.5 million Thais have fallen below the poverty line during the coronavirus pandemic as the government strangled its vital tourism industry and closed...
Samut Sakhon Lockdown Costing ฿1 Billion a Day in Economic Damage – FTI
in EThe near-lockdown of Samut Sakhon Province due to a recent surge in Covid-19 infections is estimated to be causing a billion baht a...
Thailand OKs 3 New Job, Income Programs to Revive Economy
The Cabinet on Wednesday approved three new job and income-promotion campaigns for local communities costing about 112 million baht. The campaigns – the first of...
Gov’t Promises New Economic-Stimulus ‘New Year’s Gifts’
The government is planning to deliver new economic-stimulus programs as “New Year’s gifts” to the public, officials said Tuesday. While not detailing what those plans...
S&P Maintains Thailand’s Credit Rating at BBB+
Credit-rating agency Standard and Poor’s demonstrated its confidence in Thailand by keeping the country’s rating at BBB+ despite Covid-19 turmoil political turmoil, but has...
Thai Economy Improves, But Protests, Coronavirus Remain Threats – BoT
Thailand’s economy improved in the third quarter but still faces risks from Covid-19, political protests and labor problems, the Bank of Thailand said Friday. Chayawadee...
BoT Extends Debt-Repayment Extension Until June
The Bank of Thailand on Monday extended its debt-repayment and interest-reduction measures until June to help debtors and alleviate their financial burden. Following reports that...
VAT-Back Shopping Spree Program Begins
Shoppers can claim tax refunds on up to 30,000 baht in qualified purchases
Thai Household Debt Soars to Record 83.3% of GDP, Fueled by Covid-19 Crisis
Household debt has soared to its highest level ever, equal to 83.8 percent of Thailand’s gross domestic product due to the novel coronavirus, a...
Subsidized Shopping Program Won’t Help Small Businesses, Unemployment, Economists Say
The government’s newly introduced program to offer consumers tax breaks on 30,000 baht in purchases offer little benefit to small business and not impact...
Registration Now Open for Subsidized Shopping Discount Program for Thais
Registration is now open for the government’s new subsidized shopping campaign to give Thai nationals big discounts at eligible stores. Called “Khon La Krueng”, it...
Hunger Stalks Thailand’s Poor, Unemployed Amid Covid-19 Recession
Judging by the blocks-long lines of people seeking food handouts nearly every day in Pattaya, Phuket and Chiang Mai, it would be easy to...
Suicides Soar 22% Amid Thailand Covid-19 Economic Collapse
Thai public-health officials finally are acknowledging what many have speculated on for months: That the country’s economic collapse has sparked a shocking increase in...
60% of Tourism Businesses to Fold Within 6 Months, Major Study Finds
Two-month survey project finds economic crisis to last long after pandemic ends, impacts more than just tourism
Registration Now Open for Subsidized Shopping Campaign for Thais Only
Registration is open through October for the government’s latest subsidized-spending program aimed at getting Thais to go shopping. The “Khon La Krueng” program, which essentially...
฿3,000 Spending Cash for Thais, Subsidized Pay for New Grads OK’d by CESA
The government’s Center for Economic Situation Administration approved the economic stimulus packages worth 68 billion baht to cut the cost of living and to...
100 Days: Thailand’s Pandemic Report Card
Thailand’s people may be healthy, but its economy is in critical condition. We look at the state of affairs after 100 days of no local Covid-19 cases.