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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...
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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...
Thais shop at street carts and outdoor markets in Pattaya. 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)

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...
Retail Prices Shopping Supermarket Store Stale Discounts Inflation

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...
Khlong Toey Port in Bangkok. (Photo: Bangkok Herald)

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 GDP Chart Quarters Thailand

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...
Prices for fresh vegetables have pushed up inflation. (Photo: Bangkok Herald)

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...
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...
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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...
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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...
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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. 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...
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