Economy

Industry boss urges Thailand to join alternative Pacific trade pact and plan for a long recovery from virus debacle

Industry boss urges Thailand to join alternative Pacific trade pact and plan for a long recovery from virus debacle

May 17, 2020

Economy, Personal, Thai World, Thailand:

Vice president of the Federation of Thai Industries says Thailand should join the 11 member CPTPP pact and bolster its trade access as a priority… Read More ›

Thailand extends ban on inbound flights until July 1st at the earliest – blow to foreigners and tourism

Thailand extends ban on inbound flights until July 1st at the earliest – blow to foreigners and tourism

May 16, 2020

Economy, Foreigners, More News from Thailand, Thailand:

Saturday’s announcement by the Civil Aviation Authority of Thailand means no inbound passenger flights to the kingdom until July 1st. The move will be another… Read More ›

Thai workers left facing mass unemployment as Chiang Mai hotel staff protest ฿10m wage arrears

Thai workers left facing mass unemployment as Chiang Mai hotel staff protest ฿10m wage arrears

May 15, 2020

Economy, Personal, Thai World, Thailand:

The luxury Dhara Dhevi Resort Hotel in Chiang Mai, one of the most expensive hotels in the province, closed this month leaving up to 200… Read More ›

Risk must be taken to open up Thailand and its tourism industry without delay says richest man

Risk must be taken to open up Thailand and its tourism industry without delay says richest man

May 14, 2020

Economy, Foreigners, More News from Thailand, Thailand:

Thailand’s richest man, Dhanin Chearavanont, has warned that the Thai economy won’t survive a prolonged virus crisis. He has called for tourism to be opened… Read More ›

Tourism minister pushes end of year levy to include Covid 19 health insurance for visitors to Thailand

Tourism minister pushes end of year levy to include Covid 19 health insurance for visitors to Thailand

May 12, 2020

Economy, Foreigners, More News from Thailand, Thailand:

Plans for a tourism levy in Thailand were being developed by Naresuan University and the Insurance Commission last year but were shelved in favour of… Read More ›

Top bank sees rise in money on deposit in reaction to the virus emergency and rattled markets

Top bank sees rise in money on deposit in reaction to the virus emergency and rattled markets

May 9, 2020

Economy, Foreigners, More News from Thailand, Thailand:

Bank boss also points to clients switching banks seeking stability at this uncertain time as the reason for its surprise growth in funds held. The… Read More ›

PM thanks Thai entrepreneurs as he aims for a safe return to a confident future free of the coronavirus threat

PM thanks Thai entrepreneurs as he aims for a safe return to a confident future free of the coronavirus threat

May 8, 2020

Economy, Living, Personal, Thai World, Thailand:

Prime Minister Prayuth Chan ocha indicated a May 17th second stage easing of virus lockdown measures as he looked forward to the return of business… Read More ›

New taxi cab as Air Force delivers safety bulkhead barrier solution to protect drivers and passengers

New taxi cab as Air Force delivers safety bulkhead barrier solution to protect drivers and passengers

May 7, 2020

Economy, Living, Personal, Thai World, Thailand:

New look for the inside of Thai taxi cabs as the Air Force delivers new bulkhead partitions to top taxi fleets in Bangkok. See-through dividers… Read More ›

‘New normal’ life and economy could be here for 9 months warns Thai Prime Minister on Tuesday at briefing

‘New normal’ life and economy could be here for 9 months warns Thai Prime Minister on Tuesday at briefing

May 6, 2020

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

Life in Thailand reopens to a ‘new normal’ existence with the effects of the virus expected to be with the kingdom for 6 to 9… Read More ›

Top Thai executives roll out plans but ultimately ‘herd immunity’ may be the basis for recovery in the long run

Top Thai executives roll out plans but ultimately ‘herd immunity’ may be the basis for recovery in the long run

May 5, 2020

Economy, Living, Thailand:

Thailand’s wealthiest businessmen are putting their money where their mouths are in plans to help ‘revive’ the economy as it faces its bleakest hour. However,… Read More ›

Bank predicts Thai exports to the US to be down by 9.2% in 2020 as the country picks up the economic pieces

Bank predicts Thai exports to the US to be down by 9.2% in 2020 as the country picks up the economic pieces

May 3, 2020

Economy, Foreigners, More News from Thailand, Thailand:

Removal of Thailand’s preferred export status in the US and a huge contraction in demand is to blame for the forecasted heavy loss of exports… Read More ›

Government to control rollback of lockdown measures to reopen all businesses from May until July

Government to control rollback of lockdown measures to reopen all businesses from May until July

April 30, 2020

Economy, Living, Personal, Thai World, Thailand:

May 3rd sees the first of four steps which will see all business premises including bars and entertainment venues reopened in Thailand before the start… Read More ›

Some shops and outlets to reopen in Bangkok but measures to be reimposed if infection rate rises

Some shops and outlets to reopen in Bangkok but measures to be reimposed if infection rate rises

April 29, 2020

Economy, Living, Personal, Thai World, Thailand:

Shops begin to reopen in Thailand tentatively and to a new order. Top government doctor says the infection rate has slowed from 2.2 to 0.7… Read More ›

Lockdown accelerates the media shift in Thailand to online news and entertainment consumption at home

Lockdown accelerates the media shift in Thailand to online news and entertainment consumption at home

April 28, 2020

Economy, Media, Personal, Thai World, Thailand:

The first quarter has seen a 10% drop in TV advertising in Thailand as online news and entertainment advertising shot up by 12%. The virus… Read More ›

Exports and the baht as ever are the keys to the Thai economy even in 2020, the year of the coronavirus

Exports and the baht as ever are the keys to the Thai economy even in 2020, the year of the coronavirus

April 22, 2020

Economy, Foreigners, More News from Thailand, Thailand:

The Thai baht lost 10% against the dollar in the first three months but since then has gained back 2%. Exports and economic performance are… Read More ›

Covid 19 electricity price reductions overshadowed by reports of skyrocketing energy bills nationwide

Covid 19 electricity price reductions overshadowed by reports of skyrocketing energy bills nationwide

April 21, 2020

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

Hard-pressed households looking forward to electricity price reductions instead this week were confronted with startling increases in bills well beyond the seasonal rise in demand… Read More ›

Government moves to clarify that it is not seeking cash from the kingdom’s richest business leaders in overture

Government moves to clarify that it is not seeking cash from the kingdom’s richest business leaders in overture

April 19, 2020

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

Government officials deny that invitations to Thailand’s top 20 tycoons to play their part in effecting the country’s economic recovery is a ‘begging’ exercise. They… Read More ›

PM calls in business tycoons to help the country crawl back to economic normality after virus catastrophe

PM calls in business tycoons to help the country crawl back to economic normality after virus catastrophe

April 18, 2020

Economy, Personal, Politics, Thai World, Thailand:

On Friday night, the Thai Prime Minister appeared to face up to the huge economic challenge confronting the kingdom as it takes its first steps… Read More ›

Stranded 66-year-old German tourist seeks help on the street from a Good Samaritan in central Bangkok

Stranded 66-year-old German tourist seeks help on the street from a Good Samaritan in central Bangkok

April 17, 2020

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

German national on Khaosan Road returning from his closed national embassy with ฿20 in his pocket for food gets a cash handout from Thai businessman… Read More ›

UK ex WHO director warns of 2 to 3 years of chaos as IMF sees Thailand as the hardest hit economy in Asia

UK ex WHO director warns of 2 to 3 years of chaos as IMF sees Thailand as the hardest hit economy in Asia

April 16, 2020

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

‘We’re not going back to normal’ says former WHO director as the cost of economic disruption spirals for Thailand. The IMF has predicted at least… Read More ›

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