Economy

Incoherent government economic policy clashes with Bank of Thailand’s efforts to rein in debt

Incoherent government economic policy clashes with Bank of Thailand’s efforts to rein in debt

November 13, 2023

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

The danger of a credit downgrade for Thailand is growing as private sector debt continues to creep up, and even with interest rates at only… Read More ›

China’s Embassy calls on Thai media to censor its coverage of Taiwan to protect relationships

China’s Embassy calls on Thai media to censor its coverage of Taiwan to protect relationships

November 12, 2023

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

Shocking and peremptory statement from Chinese officials in Bangkok appears to order the Thai media into line over Taiwan. The trigger was a respectful interview… Read More ›

Srettha outlines Digital Wallet as his government begins to flounder with a faltering economy and confusion

Srettha outlines Digital Wallet as his government begins to flounder with a faltering economy and confusion

November 10, 2023

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

This week, an Investor Confidence Index (ICI) poll showed a massive fall in confidence in October, with capital flows accelerating out of the Kingdom and… Read More ›

Change in the tax law does target expats living in Thailand and extends reporting obligations

Change in the tax law does target expats living in Thailand and extends reporting obligations

November 4, 2023

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

Top lawyer and former member of the National Reform Council, along with others, calls for a new Revenue Code and for Thailand to compete with… Read More ›

Economy is in troubled waters with fears for both exports and foreign tourism as 2023 winds down

Economy is in troubled waters with fears for both exports and foreign tourism as 2023 winds down

November 3, 2023

Economy, Living, Personal, Thai World, Thailand:

Thailand enters the countdown to the end of 2023 with an extremely troubled economy and gloomy outlook into 2024. Nothing can be taken for granted,… Read More ›

Thailand faces an economic future of low growth despite Srettha’s plans because of a darker world

Thailand faces an economic future of low growth despite Srettha’s plans because of a darker world

October 29, 2023

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

Growth is likely to be similar to last year at 2.6% but only if the rebound in exports continues for the next few months, even… Read More ›

Legal casinos and gambling in Thailand being weighed up carefully after Deputy PM’s backing 

Legal casinos and gambling in Thailand being weighed up carefully after Deputy PM’s backing 

October 26, 2023

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

Bhumjaithai Party MP last month urged the government to look at how Singapore is benefiting from selectly legalising casinos with a report that the US… Read More ›

Russians to get 90-day visa on arrival as tourist numbers wobble in October ahead of High Season

Russians to get 90-day visa on arrival as tourist numbers wobble in October ahead of High Season

October 18, 2023

Economy, Living, Personal, Thai World, Thailand:

Thailand has continued this year to be a popular choice for Russians seeking sun and relaxation away from the pressures of a country at war.… Read More ›

Bangkok’s Governor gives green light for 4 am opening hours for nightlife in tourist hotspots

Bangkok’s Governor gives green light for 4 am opening hours for nightlife in tourist hotspots

October 17, 2023

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

The proposal looks like it is proceeding nationwide this year, pushed by the country’s new soft power panel and endorsed by Prime Minister Srettha Thavisin.… Read More ›

Digital Wallet plan could break up the government before it launches says top Thai political pundit

Digital Wallet plan could break up the government before it launches says top Thai political pundit

October 12, 2023

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

The unwieldy and blunt Digital Wallet online credit giveaway, using blockchain technology, will be conducted through the Krungthai Bank smartphone banking application, and it must… Read More ›

Expats seeking a new life face challenges with stricter banking and taxation rules being pushed

Expats seeking a new life face challenges with stricter banking and taxation rules being pushed

October 11, 2023

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

Thailand is moving toward greater tax compliance from the hundreds of thousands of expats living in the kingdom. At the same time, banking facilities at… Read More ›

Change of emphasis ahead of trip by PM Srettha Thavisin to Beijing to talk trade and submarines

Change of emphasis ahead of trip by PM Srettha Thavisin to Beijing to talk trade and submarines

October 9, 2023

Economy, Living, Personal, Thai World, Thailand:

Critical decision due on the long-standing but controversial 2017 contract to build an advanced nuclear-powered submarine in China comes with news of major economic problems… Read More ›

Tourism fee fund to be fast-tracked after payouts to families in the Siam Paragon mass shooting

Tourism fee fund to be fast-tracked after payouts to families in the Siam Paragon mass shooting

October 8, 2023

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

New foreign tourism levy to be paid on arrival at kiosks at Immigration Bureau points of entry, including at airports after landing. The fee will… Read More ›

Another dip for the baht or are economic danger signals flashing for both Thailand and the world?

Another dip for the baht or are economic danger signals flashing for both Thailand and the world?

October 4, 2023

Economy, Living, Personal, Thai World, Thailand:

The business community, despite its leadership cooperating with the new government and Prime Minister Srettha Thavisin, increasingly fears its policies of accepting a higher public… Read More ›

Tension grows between the Bank of Thailand and government after last week’s interest rate hike

Tension grows between the Bank of Thailand and government after last week’s interest rate hike

October 2, 2023

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

Both men appear to be pursuing a different vision with Mr Sethaput Suthiwartnarueput acting to protect the country’s financial stability while Mr Srettha is adamant… Read More ›

Baht continues to slide as PM Srettha pushes big-spending capital program to boost foreign tourism

Baht continues to slide as PM Srettha pushes big-spending capital program to boost foreign tourism

September 30, 2023

Economy, Foreigners, More News from Thailand, Thailand:

New international airport costing ฿80 billion to be built in Phang-nga province which is home to James Bond Island where key scenes from the 1974… Read More ›

Ministry of Labour plans to raise the retirement age with more workers opting out of the economy

Ministry of Labour plans to raise the retirement age with more workers opting out of the economy

September 30, 2023

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

Thailand is destined to lose 15.6% of its active workforce in the next 17 years up to 2040 while the ratio of workers to retired… Read More ›

Tourism to recover two-thirds of its 2019 income in 2023 with good news for Srettha on exports

Tourism to recover two-thirds of its 2019 income in 2023 with good news for Srettha on exports

September 28, 2023

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

Figures released for foreign tourism to September 19th show Thailand on target to earn ฿1.255 trillion from the industry this year despite a continued downturn… Read More ›

Calls for clarification of new Tax regime which appears to target expat foreign income sources

Calls for clarification of new Tax regime which appears to target expat foreign income sources

September 25, 2023

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

The tax change which has already been defended by Prime Minister Srettha Thavisin as a move against income inequality, is coming with Thailand in talks… Read More ›

Potent pot to be criminalised as the minister looks at ways to suppress recreational cannabis use

Potent pot to be criminalised as the minister looks at ways to suppress recreational cannabis use

September 23, 2023

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

The future of thousands of small businesses in Thailand that have thrived in the kingdom’s post-deregulation cannabis market which is now one of the world’s… Read More ›

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