Tag: Economy
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...
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...