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Foreigners, even rich ones with 10-year visas, will be stuck in Bangkok condos, not houses, under new visa rules. (Photo: Bangkok Herald)

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

... Unless you've got 40 million baht to burn, of course.
Thais can get up to 3,000 baht from the government for shopping at designated retailers through December.

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...
Bangkok Herald Condos Thailand Skyline

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...
Money Currency Business Bank Finance Household Debt

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...
A woman sits outside closed businesses on Pattaya Beach Road Aug. 30 (Photo: Bangkok Herald)

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...
Asia Economic Growth GDP Economy Thailand ADB GDP

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...
Thais shop at street carts and outdoor markets in Pattaya in mid-November 2020. Small shops have embraced the government's co-pay scheme to boost business while the public can spend 150 baht a day on small items using government subsidy. (Photo: Bangkok Herald)

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...
A homeless person begs at the Nana BTS station on Sukhumvit Road in Bangkok in December 2020. (Photo: Bangkok Herald)

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 Thailand Coronavirus Covid Disinfect Lockdown Cleaning

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...
Thais shop at street carts and outdoor markets in Pattaya in mid-November 2020. (Photo: Bangkok Herald)

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...
Thais shop at street carts and outdoor markets in Pattaya in mid-November 2020. (Photo: Bangkok Herald)

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...
Standard Poor's S&P Credit Rating Finance

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...
government shopping incentive program to have little benefit

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...
People sit in long lines as they wait to file complaints for not yet receiving the 5,000 Thai baht (150 USD) financial assistance for those whose income is impacted by the COVID-19 coronavirus outbreak, as others (front) file their documents, in front of the Public Relations Department in Bangkok on May 7.

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...
Shopping Retail Mall Thailand Bangkok

VAT-Back Shopping Spree Program Begins

Shoppers can claim tax refunds on up to 30,000 baht in qualified purchases
THailand Credit Cards Household Debt

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...
government shopping incentive program to have little benefit

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...
Big C Tesco Lotus Thailand Shopping

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...
People queue for food handouts on Loi Kroh Road in Chiang Mai Sept. 7. (Photo: Mark Ellery/Facebook)

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...
Thanapong Kosonsitthikul, a motorcycle-taxi driver in Pattaya, hung himself from a tree Sept. 9 in despair both over his finances and his relationship.

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...
With no customers in sight on Bangkok's Suhumvit Soi 8, a food vendor sleeps on her cart. (Photo: Bangkok Herald)

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
Thais can get up to 3,000 baht from the government for shopping at designated retailers through December.

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...
Big C Tesco Lotus Thailand Shopping

฿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.
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