Economy

Economy in bad shape as the Revenue Department ramps up demands for more taxpayers to pay up

Economy in bad shape as the Revenue Department ramps up demands for more taxpayers to pay up

July 15, 2024

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

Revenue Department boss Kulaya Tantitemit emphasised that her department had sent out 100,000 letters to individuals and entities who should be reporting for tax. Certainly,… Read More ›

New Visa measure to go into effect on Monday. 60 days stay for visitors of up to 93 countries stamped on entry

New Visa measure to go into effect on Monday. 60 days stay for visitors of up to 93 countries stamped on entry

July 12, 2024

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

The package of four measures was approved by the Minister of the Interior Anutin Charnvirakul on Friday. A key development is the introduction of the… Read More ›

Can of Beans raises the issue of the real cost of living for foreigners in Thailand amid policy debate

Can of Beans raises the issue of the real cost of living for foreigners in Thailand amid policy debate

July 7, 2024

Economy, Living, Personal, Thai World, Thailand:

Can of beans raises questions in the real cost of living debate for foreigners in Thailand. Viral TikTok by Irish-UK tourists highlights ฿420 price tag… Read More ›

How to buy Property in Thailand. Expert guidance on doing it right from a team of top legal practitioners

How to buy Property in Thailand. Expert guidance on doing it right from a team of top legal practitioners

July 4, 2024

Economy, Living, PR News, Thailand:

A quick step-by-step guide into the dos and don’ts of property ownership in Thailand for foreigners prepared by your friends at Siam Legal so you… Read More ›

Axe to fall on duty-free on arrivals as Finance Minister pushes the message of an expanded tax base

Axe to fall on duty-free on arrivals as Finance Minister pushes the message of an expanded tax base

July 3, 2024

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

AXE TO FALL ON DUTY-FREE ON ARRIVAL SHOPS: Finance Minister Pichai Chunhavajira orders duty-free concessions at Thailand’s eight international airports to shut down, aiming to… Read More ›

Top Thai insurer says no more new policies for EV cars. Later, it emphasised renewals case by case

Top Thai insurer says no more new policies for EV cars. Later, it emphasised renewals case by case

July 2, 2024

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

Thailand’s second-largest EV insurer, Tokio Marine, stops new policies and reviews renewals case-by-case following guidance on high accident rates, costly parts and falling car values.… Read More ›

Thailand Elite Visa for Family Members

Thailand Elite Visa for Family Members

June 29, 2024

Economy, Living, PR News, Thailand:

Easily secure long-term stays in Thailand for your family while enjoying exclusive benefits with Thailand Privilege. One of the perks of being a Thailand Elite… Read More ›

Second Trump Presidency threatens further damage to the baht, the economy and Thai money markets

Second Trump Presidency threatens further damage to the baht, the economy and Thai money markets

June 28, 2024

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

Former US President Donald Trump’s potential return to the Oval Office threatens further damage to the baht, Thai economy, and money markets. It raises concerns… Read More ›

Minister links higher inflation with increased growth. Calls a target policy hike saying 1% is ‘too low’

Minister links higher inflation with increased growth. Calls a target policy hike saying 1% is ‘too low’

June 27, 2024

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

The government and the Bank of Thailand remain at odds. Top bank officials claim the economy is on track for quality growth. However, Deputy Finance… Read More ›

Thailand is now making progress in attracting more foreign direct investment to boost the economy

Thailand is now making progress in attracting more foreign direct investment to boost the economy

June 26, 2024

Economy, Living, Personal, Thai World, Thailand:

Thailand’s foreign investment rises. New government boosts FDI by 58% in five months. Japan leads with $1.1 billion, but job creation is down by 33%.… Read More ›

Harman, an advanced US electronics supplier to car makers invests ฿2.8 billion in new Chonburi plant

Harman, an advanced US electronics supplier to car makers invests ฿2.8 billion in new Chonburi plant

June 24, 2024

Economy, Living, Personal, PR News, Thai World, Thailand:

Harman, a US-based electronics supplier to car makers and a subsidiary of Samsung, invests ฿2.8 billion in a new factory in Chonburi’s Eastern Economic Corridor… Read More ›

PM Srettha defends plan to let foreigners buy more condos and to extend lease terms up to 99 years

PM Srettha defends plan to let foreigners buy more condos and to extend lease terms up to 99 years

June 23, 2024

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

PM defends foreign condo ownership change and extended lease terms as public opposition makes itself felt. Government aims to extend foreign ownership from 49% to… Read More ›

Former Stark Chairman lands in Bangkok to face the music with nearly ฿15 billion in fraud losses

Former Stark Chairman lands in Bangkok to face the music with nearly ฿15 billion in fraud losses

June 23, 2024

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

Chanin Yensudjai, nabbed in Dubai and deported, faces charges for the Stark Corporation scandal that rocked the Stock Exchange of Thailand (SET). Authorities are ready… Read More ›

Zero-dollar tour cancer strangling Thailand’s tourism economy and poisoning its reputation abroad

Zero-dollar tour cancer strangling Thailand’s tourism economy and poisoning its reputation abroad

June 22, 2024

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

Zero-dollar tours are crippling Thailand’s tourism recovery. Up to 50% of Chinese tour group arrivals could be victims of these extortion rackets, spreading negative views… Read More ›

Good news even as top banks lower 2024 GDP outlook. Thailand ranks ahead of UK in competitiveness

Good news even as top banks lower 2024 GDP outlook. Thailand ranks ahead of UK in competitiveness

June 19, 2024

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

Good news for Thailand as S&P retains BBB+ rating despite lower GDP outlook and ฿500 billion Digital Wallet plan. Kingdom jumps ahead of the UK… Read More ›

Thai government urged to act to preserve the country’s auto industry which is fighting for survival

Thai government urged to act to preserve the country’s auto industry which is fighting for survival

June 17, 2024

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

The Thai government faces urgent demands to support the critical ICE car manufacturing sector amid an influx of unsold Chinese EVs. Over 10,000 cars clog… Read More ›

Tourist authority offers help to FTI  tourists left stranded in Thailand after tour firm collapse in Germany

Tourist authority offers help to FTI  tourists left stranded in Thailand after tour firm collapse in Germany

June 16, 2024

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

Thai hotels and tourism firms were shocked by the June 3rd collapse of German travel giant FTI, responsible for 100,000 bookings last year. Amid reports… Read More ›

Thailand’s EV car vision buckles as World markets and canny drivers at home take stock of what is on offer

Thailand’s EV car vision buckles as World markets and canny drivers at home take stock of what is on offer

June 13, 2024

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

Thailand’s ambitious EV industry plan faces challenges as Western markets and local consumers show tepid interest. May EV sales dropped 1.5% year-on-year, as traditional car… Read More ›

PM Srettha blames stock market fall on politics but the trend is linked to fundamental economic decline

PM Srettha blames stock market fall on politics but the trend is linked to fundamental economic decline

June 12, 2024

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

PM Srettha points to political instability for a 16% stock market plunge. Analysts say Thailand’s faltering economy, declining manufacturing and lack of foreign investment are… Read More ›

Government targets failing manufacturing base with a carbon tax on output to fight climate change crisis

Government targets failing manufacturing base with a carbon tax on output to fight climate change crisis

June 10, 2024

Economy, Living, Personal, Thai World, Thailand:

Thailand’s manufacturing base is crumbling due to rising costs, loss of competitiveness and technological changes. This week, the government announced a carbon tax on industrial… Read More ›

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