Articles by: Joseph O' Connor

Thai bank bucks the trend as most report sharp drops in profit and a cautious outlook for 2021

Thai bank bucks the trend as most report sharp drops in profit and a cautious outlook for 2021

January 23, 2021

Economy, Foreigners, More News from Thailand, Thailand:

It was a rather sombre picture as Thai banks, in reports to the Stock Exchange of Thailand, reported an overall 23% drop in profits for… Read More ›

Bank of Thailand official says reopening to foreign tourism vital to kingdom’s 2021 economic hopes

Bank of Thailand official says reopening to foreign tourism vital to kingdom’s 2021 economic hopes

January 19, 2021

Economy, Living, Personal, Thai World, Thailand:

On Tuesday, the cabinet was presented with a ฿210 billion free cash payments scheme aimed at 31 million Thais. This came in addition to smaller… Read More ›

BCG economic and social blueprint over the next 5 years unveiled, promises more money for less

BCG economic and social blueprint over the next 5 years unveiled, promises more money for less

January 16, 2021

Economy, Personal, Thai World, Thailand:

New economic strategy appears to be more ‘green’ and talks about combating ‘overpopulation’ which suggests a policy change from the first junta government led by… Read More ›

Commerce Ministry enthusiastic about Brexit for Thai firms with lower tariffs on more Thai products

Commerce Ministry enthusiastic about Brexit for Thai firms with lower tariffs on more Thai products

January 12, 2021

Economy, Foreigners, More News from Thailand, Thailand:

Key government advisers and experts are encouraging the government to pursue a free trade agreement with both the United Kingdom and the European Union at… Read More ›

Baht to strengthen further into 2021 with weak policies in western countries driving money here

Baht to strengthen further into 2021 with weak policies in western countries driving money here

January 11, 2021

Economy, Foreigners, More News from Thailand, Thailand:

The baht weakened slightly this week but the outlook for 2021 is for it to strengthen due to the weakness of western economies and continued… Read More ›

Ministers told to fund new utility bill supports as government moves to ease Covid-19 virus surge hardship

Ministers told to fund new utility bill supports as government moves to ease Covid-19 virus surge hardship

January 6, 2021

Economy, Living, Personal, Politics, Thai World, Thailand:

Exporters warn the government that logistics needed for shipping in Eastern provinces must be maintained up and running as they report an upside in demand… Read More ›

Just when things couldn’t get worse, Covid 19 does it again as hoteliers face an even greater crisis in 2021

Just when things couldn’t get worse, Covid 19 does it again as hoteliers face an even greater crisis in 2021

January 3, 2021

Economy, Personal, Thai World, Thailand:

Danucha Pichayanan, the Secretary-General of the Economic and Social Development Council (NESDC) has said unemployment caused by the collapse of the tourism sector combined with… Read More ›

Thailand to launch a moon space programme to boost efforts to become a high-income economy

Thailand to launch a moon space programme to boost efforts to become a high-income economy

December 27, 2020

Economy, Foreigners, More News from Thailand, Thailand:

Moon spaceship programme to be launched officially in January by the Ministry of Education, Science, Research and Innovation in what is a serious effort to… Read More ›

Covid lockdown would set back economic recovery efforts and long term goals warns the World Bank

Covid lockdown would set back economic recovery efforts and long term goals warns the World Bank

December 24, 2020

Economy, Foreigners, More News from Thailand, Thailand:

Even before the latest fears of a lockdown after the Samut Sakhon outbreak among Myanmar migrant workers, there was a concern for Thai exports in… Read More ›

Local poll a disguised win for the government as Pheu Thai and Progressive movement face probes

Local poll a disguised win for the government as Pheu Thai and Progressive movement face probes

December 23, 2020

Personal, Politics, Thai World, Thailand:

The voice of the people throughout Thailand albeit in local polls, where local issues are to the fore, did not provide encouragement or impetus for… Read More ›

Thailand in direct trade talks with 12 Indian states which could also boost the tourism industry here in 2021

Thailand in direct trade talks with 12 Indian states which could also boost the tourism industry here in 2021

December 19, 2020

Economy, Personal, Thai World, Thailand:

First mini free trade deal pact with an Indian state will likely be with Telangana whose capital in southern India is Hyderabad which is home… Read More ›

Move against Pheu Thai, the kingdom’s biggest political party, over it’s alleged links to Thaksin

Move against Pheu Thai, the kingdom’s biggest political party, over it’s alleged links to Thaksin

December 18, 2020

Personal, Politics, Thai World, Thailand:

The Pheu Thai Party, led by Sompong Amornvivat, has provided effective opposition in parliament and endeavoured to keep the government accountable. However, it has long… Read More ›

Baht held at current rate against the US dollar but in the long term, it may be simply unsustainable to do this

Baht held at current rate against the US dollar but in the long term, it may be simply unsustainable to do this

December 17, 2020

Economy, Personal, Thai World, Thailand:

Thailand’s central bank is prioritising the country’s nascent recovery by propping up the dollar. The recent strengthening of the baht is being driven by a… Read More ›

More assured Biden Presidency to test Bangkok as US Chinese tensions expected to remain in play in Asia

More assured Biden Presidency to test Bangkok as US Chinese tensions expected to remain in play in Asia

December 15, 2020

Economy, Foreigners, More News from Thailand, Politics, Thailand:

No one can deny the rise of China in the Asia Pacific region and Thailand’s move towards its orbit in the last two decades. However,… Read More ›

Challenge of the virus and closure to tourism leads to major long term changes in the Thai economy 

Challenge of the virus and closure to tourism leads to major long term changes in the Thai economy 

December 14, 2020

Economy, Foreigners, More News from Thailand, Thailand:

A vaccination passport for inoculated travellers, which may be compulsory, could be the key to reopening the world’s sky lanes in the latter half of… Read More ›

Baht breaks ฿30 to the dollar barrier as funds flow into Thai markets driven by a US Biden victory

Baht breaks ฿30 to the dollar barrier as funds flow into Thai markets driven by a US Biden victory

December 10, 2020

Economy, Foreigners, More News from Thailand, Thailand:

The take-off of a stronger baht will make the management of the economy for Thai authorities more difficult as the last quarter of 2020 and… Read More ›

Political experts fear Biden Presidency could turn very sour for Thailand after US Senate resolution

Political experts fear Biden Presidency could turn very sour for Thailand after US Senate resolution

December 7, 2020

Economy, Foreigners, More News from Thailand, Politics, Thailand:

The language used in the draft resolution put before the US Senate Committee on Foreign Relations presented a clear message of support for the wave… Read More ›

Finance Minister says economy must pivot away from tourism with a switch to S-Curve industries

Finance Minister says economy must pivot away from tourism with a switch to S-Curve industries

December 3, 2020

Economy, Foreigners, Living, More News from Thailand, Thailand:

New Finance Minister Arkhom Termpittayapaisith appeared, this week, to signal that the government was intent on moving the emphasis of the kingdoms’ economy away from… Read More ›

State home loan bank issues a profit warning as it works to assist indebted home loan borrowers in the crisis

State home loan bank issues a profit warning as it works to assist indebted home loan borrowers in the crisis

December 3, 2020

Economy, Personal, Thai World, Thailand:

Bank chief also announces that the payment deadline for November is extended for four days and that National Credit Bureau data will not be sent… Read More ›

Steady as she goes economy driven by exports and public investment with a 3.3% growth rate forecast for 2021

Steady as she goes economy driven by exports and public investment with a 3.3% growth rate forecast for 2021

November 28, 2020

Economy, Foreigners, More News from Thailand, Thailand:

Public confidence is key as Thailand’s economy flies into 2021 on one engine without foreign tourism. A steady, underlying recovery, seen since the third quarter,… Read More ›

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