Economy

Former PM Thaksin slams modest minimum wage hike of 5%, calls for ฿800 a day rate over 2 terms

Former PM Thaksin slams modest minimum wage hike of 5%, calls for ฿800 a day rate over 2 terms

September 16, 2022

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

Slow and fragile recovery is being seen which is driven by boosted consumer confidence in Thailand despite inflation and an effective haircut in real wages.… Read More ›

Myanmar’s junta crumbles along with Russia’s war in Ukraine as US progresses in the Indo Pacific

Myanmar’s junta crumbles along with Russia’s war in Ukraine as US progresses in the Indo Pacific

September 12, 2022

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

Russia’s attempts to pivot to Asia were greeted politely and initially with interest up to this point by nervous Southeast Asian countries anxious for another… Read More ›

Airline boss pleads with government to delay the Thailand Tourism Fee (TTF) due later this year

Airline boss pleads with government to delay the Thailand Tourism Fee (TTF) due later this year

September 10, 2022

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

Key consideration now according to Tony Fernandes is the momentum of growing numbers which generates income for the economy including taxes for the government. Mr… Read More ›

Property market collapse in China and a Chinese economic recession is the key threat to Thailand

Property market collapse in China and a Chinese economic recession is the key threat to Thailand

September 8, 2022

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

Thai economy is currently chugging along in choppy waters as China’s problems grow and the US dices with recession. However, the key worry is, increasingly,… Read More ›

10 year visa a magnet for global citizens setting up in Thailand with zero tax on offshore income

10 year visa a magnet for global citizens setting up in Thailand with zero tax on offshore income

September 3, 2022

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

The new 10 year Long Term Visa which became open to applications on Thursday, September 1st, is expected to help generate up to 5% of… Read More ›

Thailand’s once mighty foreign tourism industry lastingly damaged with lower spends and numbers

Thailand’s once mighty foreign tourism industry lastingly damaged with lower spends and numbers

August 31, 2022

Economy, Personal, Thai World, Thailand:

Figures this week from Paris show a French foreign tourist industry achieving revenues nationally at 22% ahead of figures for 2019 while Thailand will be… Read More ›

Low spending tourists and slowing export growth but ‘intact’ economic recovery stays on track say officials 

Low spending tourists and slowing export growth but ‘intact’ economic recovery stays on track say officials 

August 27, 2022

Economy, Personal, Politics, Thai World, Thailand:

A volatile currency market, a slowing world economy amid war in Europe and raised geopolitical tensions as well as a brush this week with political… Read More ›

Thailand to hit 1.2 million foreign tourists for August with new extended visa stays from October

Thailand to hit 1.2 million foreign tourists for August with new extended visa stays from October

August 20, 2022

Economy, Living, Personal, Thai World, Thailand:

Key threat to Thailand’s economy as the year progresses is an elevated level of inflation and the slowing of economic growth in the United States… Read More ›

Nightlife until 4 am as poll shows plans to move foreign tourism upmarket a ‘recipe for disaster’

Nightlife until 4 am as poll shows plans to move foreign tourism upmarket a ‘recipe for disaster’

August 13, 2022

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

Changes to the worldwide travel industry since 2020 are more like back to the future. Industry surveys show travellers are looking for tried and trusted… Read More ›

Bank of Thailand tailors rate rise of 0.25% to avoid killing off badly needed economic growth this year

Bank of Thailand tailors rate rise of 0.25% to avoid killing off badly needed economic growth this year

August 11, 2022

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

Bank of Thailand’s modest rate rise will not stymie current economic growth and momentum which is moving upwards. The last rate rise still leaves levels… Read More ›

Thai Airways flies high as numbers skyrocket as it flies tourists into the kingdom from Europe

Thai Airways flies high as numbers skyrocket as it flies tourists into the kingdom from Europe

August 10, 2022

Economy, Personal, Thai World, Thailand:

2022 could be the year that Thai Airways returns to operational profitability as the Minister of Finance reveals that state banks will provide any required… Read More ›

Thai economy in an upswing with over 1 million foreign tourists in July powering higher GDP gains

Thai economy in an upswing with over 1 million foreign tourists in July powering higher GDP gains

August 3, 2022

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

Prime Minister Prayut Chan ocha expressed optimism about the economic situation on Tuesday saying the kingdom’s prospects had not been as good since 2017. However,… Read More ›

Recreational use of pot to be recriminalised as Minister warns abuses are undermining his plan

Recreational use of pot to be recriminalised as Minister warns abuses are undermining his plan

July 30, 2022

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

The decriminalisation of marijuana is turning into a major problem for the government with chaos in ministries and agencies responsible including an anxious request to… Read More ›

British Airways snubs Bangkok in favour of elite travellers to Singapore as Thai Airways load levels rise

British Airways snubs Bangkok in favour of elite travellers to Singapore as Thai Airways load levels rise

July 27, 2022

Economy, Foreigners, More News from Thailand, Thailand:

As the government put off indefinitely its foreign tourism levy, this week, one of the country’s most successful conglomerates, Minor International (MINT) announced the addition… Read More ›

Tourist levy hits further turbulence with fears it could harm airline’s effort to boost flight numbers

Tourist levy hits further turbulence with fears it could harm airline’s effort to boost flight numbers

July 18, 2022

Economy, Personal, Politics, Thai World, Thailand:

The fee will provide automatic insurance cover with 11.3% of the money from it going to pay for limited medical insurance coverage for visitors with… Read More ›

Central bank reassurances as ex-minister raises loan quality with China’s economy in trouble 

Central bank reassurances as ex-minister raises loan quality with China’s economy in trouble 

July 15, 2022

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

Top Thai bank official Dr Daranee Saeju this week assured reporters that Thailand’s strong financial position made it impervious to speculation and was quite unlike… Read More ›

Roiled US-Chinese tensions in Asia pose Thailand with short-term leverage but a future trial ahead

Roiled US-Chinese tensions in Asia pose Thailand with short-term leverage but a future trial ahead

July 12, 2022

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

Thailand’s position has moved strikingly from its stance in 2018 when General Prayut Chan ocha told Time Magazine that the kingdom’s key strategic partner was… Read More ›

Negative reaction and horror at Thailand’s plan to charge foreigners more than locals at hotels

Negative reaction and horror at Thailand’s plan to charge foreigners more than locals at hotels

July 8, 2022

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

The bombshell announcement this week is bound to generate antipathy and concern among foreigners both inside and without Thailand. It goes against all principles of… Read More ›

Thailand with a falling baht caught in stagflation spiral with high inflation and low GDP growth this year

Thailand with a falling baht caught in stagflation spiral with high inflation and low GDP growth this year

July 7, 2022

Economy, Personal, Thai World, Thailand:

The significant and heavy impact of the war in Ukraine is hitting Thailand hard as it also challenges economies across the world as inflation bites… Read More ›

Anutin: time to halt foreign tourism price deals, Thailand to be the Louis Vuitton of the world travel market

Anutin: time to halt foreign tourism price deals, Thailand to be the Louis Vuitton of the world travel market

July 5, 2022

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

The comments come as the Thai baht depreciates against the US dollar and is about to pass the ฿36 to the dollar mark as the… Read More ›

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