Search Results for: Thailand economy
- Economy News
Thailand economy gives a surprise ‘Thai’ five with Q3 growth leap
Thailand’s economy just delivered a surprise package of positive news! Official figures released today, November 18, reveal that the nation’s economic growth has leapt to a striking 3.0% increase in the third quarter compared to last year, leaving analyst predictions of 2.6% in the dust. In a stellar performance, Southeast Asia’s second-largest economy also recorded a seasonally adjusted growth of…
- Business News
Q3 slowdown: Thailand economy hits the brakes at 1.5%, falling short of forecasts
With an annual growth rate of 1.5% recorded in the third quarter, Thailand’s economy has shown a slower expansion compared to predictions, according to data released today, November 20. The National Economic and Social Development Council revealed that, from July to September, the economy of Southeast Asia’s second-largest country experienced a seasonally adjusted growth of 0.8% every quarter. However, these…
- Business News
Thailand economy: Fiscal position to suffer due to government policies like digital wallet scheme
Thailand’s fiscal position is predicted to face a downturn in the medium term, according to analysts, as the government advances populist policies such as the digital wallet scheme. BMI, a division of Fitch Solutions, forecasts that the nation’s budget deficit will escalate from 2.9% in the current fiscal year to 3.6% in the following fiscal year. This is due to…
- Business News
Price plunge extravaganza: Nationwide cuts on products and services to boost Thailand economy
A nationwide price reduction on over 150,000 products and services, ranging up to an 87% discount, has been declared with immediate effect in Thailand until the end of December. This is part of the government’s Quick Win policy initiative, aimed at reducing costs, boosting the economy, and expanding business opportunities, stated Commerce Minister Phumtham Wechayachai. The agreement, reached yesterday, involves…
- Thailand News
Songkran festival to boost Thailand’s economy with 30 billion baht
Thailand’s Songkran Festival Expected to Generate Over 30 Billion Baht This April Thailand’s Songkran festival is set to draw hundreds of thousands of tourists and generate over 30 billion baht in economic circulation this April, with celebrations running from April 11 to 15. The Tourism Authority of Thailand (TAT) projects a 6% increase in revenue compared to last year. Despite…
- Thailand News
Thailand to revise visa policies in economy revamp efforts
Thailand’s Cabinet has formally approved a new phase of visa policy changes aimed at attracting more tourists, digital nomads, students, and retirees as part of a broader economic stimulus strategy. Deputy government spokesperson Aiyarin Phanrit confirmed yesterday, February 10, that the Cabinet has endorsed a proposal by the Ministry of Foreign Affairs covering short-, medium-, and long-term visa measures. The…
- Thailand video news
Thailand News | Thailand’s economy branded “Asia’s Sick Man” as growth slows, Thai taxi driver praised after sharing traditional desserts with Australian tourists
Today we’ll be talking about Thailand’s newly dubbed status as being the ‘Sick Man of Asia,’ allegations of election tampering and vote buying ahead of this weekend’s vote, and a little later, Thai influencers weigh in on the prospect of Disney in the land of smiles. Thailand’s Economy Branded “Asia’s Sick Man” as Growth Slows Analysts are labelling Thailand the…
- Thailand video news
Thailand video news | Vietnam set to outpace Thai economy by 2026, Blaze ravages more than a dozen boats at Phuket’s Chalong bay
In Thailand video news, Alex covers key stories from across Thailand and Southeast Asia. Today’s lineup includes Thailand’s regional neighbours expected to outpace it economically in 2026, Phuket taxi drivers threatening a strike over competition from ride-hailing apps, and a viral case involving “Colonel Sanders” after a peculiar police encounter. Vietnam Set to Outpace Thai Economy by 2026 Analysts project…
- Events
Southern Thailand pioneers De-Stress Economy at Pakk Taii Design Week 2025
In an era of polycrisis, from climate disruption and geopolitical instability to mounting mental and emotional strain, the very notion of economic security is being redefined. For many, especially younger generations, prosperity is no longer measured by GDP or income alone. Instead, the focus is shifting toward quality of life in all its dimensions. This reflects a global trend, with…
- Thailand video news
Thailand video news | Thailand rejects Cambodian claims of assassination plot against Hun Sen and Hun Manet, Thailand plans tax-free repatriation of foreign income to boost economy
In Thailand video news, Alex and Jay cover news stories from across Thailand. The stories include diplomatic tensions rising as Thailand denies Cambodia’s assassination plot claims, while Thaksin’s niece rejects spy allegations amid political turmoil. Meanwhile, a French jogger is found dead near Angkor Wat, and Pattaya police investigate a gold theft involving transgender suspects. Thailand makes headlines for legalising…
- Tourism News
Thailand boosts economy with medical and wellness tourism focus
Thailand is exploring opportunities in the medical and wellness sectors to address domestic economic challenges, characterised by slow growth amid global uncertainties. The nation is focusing on medical and wellness tourism, medical manufacturing, and elderly care solutions to stimulate economic activity, according to Messe Düsseldorf Asia, an international trade organiser. These sectors are anticipated to grow the domestic market by…
- Economy News
Thailand eyes F1 street race to boost tourism and economy
Prime Minister Paetongtarn Shinawatra has indicated promising developments for Thailand as the government continues its pursuit to host a Formula 1 street circuit race in the country. Yesterday, May 24, the PM engaged in discussions with Stefano Domenicali, CEO of Formula One Group, at the Monaco Grand Prix to assess the possibility of organising an F1 race in Thailand. This…
- Phuket Travel
Being Thailand 2025 highlights Thailand’s evolving role as a global wellness economy leader
As the global wellness landscape continues to shift alongside changing consumer demands and travel behaviour, Thailand is increasingly recognised as a model of adaptive leadership in the wellness economy. And it was at the new industry strategic touchpoint, Being Thailand 2025 in Phuket, where the country’s role in shaping wellness-oriented tourism, hospitality, healthcare, and consumer markets, was assessed. Over the…
- Thailand News
Thailand’s LGBTQIA+ boom to boost economy by 152 billion baht
Thailand’s LGBTQIA+ community is fast becoming an economic force to be reckoned with, with a new study projecting a 152 billion baht boost to the nation’s GDP this year, fuelled by local spending and a surge in LGBTQIA+ tourism. According to research from Mahidol University’s College of Management (CMMU), more than 5.9 million LGBTQIA+ persons, around 9% of Thailand’s population,…
- Business News
Digital boom: Thailand’s tech economy set for electrifying growth
Thailand’s digital economy is poised to skyrocket this year, with GDP expected to rise by a staggering 7.3% to hit 4.85 trillion baht, according to the Digital Economy and Society (DES) Ministry. This digital surge far exceeds the national GDP growth rate, sitting at 2.8%, totalling 19.2 trillion baht. Digital investment is also on a meteoric rise, predicted to grow…
- Thailand News
Thailand plans integrated casino complexes to boost economy
Deputy Finance Minister Julapun Amornvivat announced yesterday, January 27, that discussions had taken place with the Council of State regarding a draft bill proposed by the Finance Ministry. This bill concerns the establishment of integrated entertainment complexes, which would include a casino. He anticipates that the draft bill will be presented to the House for consideration during the current session.…
- Thailand video news
Thailand video news | Thailand approves casino legalisation to boost tourism and economy, Malaysia PM denies concealing document on Najib’s home detention
In Thailand video news today, Alex and Jay bring you a roundup of significant stories from Thailand and beyond. From a dramatic catamaran rescue near Phuket to Thailand’s groundbreaking casino legalisation, the headlines cover critical developments and human-interest tales. Other stories include a tragic dental surgery incident in Chiang Rai, a viral pickpocketing case in Bangkok, and heartfelt tributes for…
- Thailand News
Thailand greenlights legal casinos to boost tourism and economy
In a game-changing move, the Thai Cabinet has given the nod to a draft bill that would legalise gambling and casinos, aiming to turbocharge tourism, job creation, and investment. Prime Minister Paetongtarn Shinawatra announced the bold move today, January 13, heralding a new era for the country’s economy. Under the government’s ambitious plan, the legislation, soon to be debated in…
- Business News
Thailand’s economy threatened by Trumponomics 2.0 and China’s slowdown
Thailand’s economic future faces uncertainty as Trump’s economic policy revision, dubbed Trumponomics 2.0, emerges as a significant threat to its growth in 2025. An independent academic highlights this as a primary concern, alongside other challenges including household debt, investment and interest rates, China’s economic slowdown, and geopolitical tensions. Trumponomics 2.0 is poised to impact Thailand’s GDP adversely by an estimated…
- Business News
Thailand proposes VAT hike, cuts income tax to boost economy
Finance Minister Pichai Chunhavajira has proposed a shift in Thailand’s tax strategy to bolster state revenue and enhance the nation’s economic standing. The plan includes raising the value-added tax (VAT) while reducing corporate and personal income tax rates. This approach aims to drive national development, increase competitiveness, and address domestic disparities. The Organisation for Economic Co-operation and Development recently set…
- Thailand News
Thailand’s economy rebounds but experts warn of growth risks
Thailand’s economy is showing signs of recovery, yet economists warn of ongoing risks that could hinder its growth potential. Key challenges include elevated household debt, slow income recovery for vulnerable groups, and Thailand’s economic interdependence with China. Despite these issues, the Thai economy reported a growth of 1.9% in 2023, although this was below expectations. The economy is gaining strength,…
- Thailand News
Thailand backs free trade and green economy at APEC summit
Thailand is set to champion the establishment of a Free Trade Area of the Asia-Pacific (FTAAP) and is committed to supporting green economy initiatives and sustainable development. Prime Minister Paetongtarn Shinawatra underscored these priorities during her participation in the APEC Economic Leaders’ Retreat, chaired by Peru President Dina Ercilia Boluarte Zegarra, before the conclusion of the 31st Asia-Pacific Economic Cooperation…
- Business News
Thailand set to ‘stir up’ the economy with juicy stimulus carrot
Thailand is gearing up to dangle a glittering economic carrot with a new stimulus package set to roll out by year’s end, stretching well into 2025. This ambitious plan aims to supercharge the country’s economy, injecting life into key sectors and rallying national growth. In the corridors of power, Deputy Finance Minister Julapun Amornvivat revealed that the top-tier economic stimulus…
- Tourism News
Thailand eyes F1 event to boost economy and tourism
Thailand is gearing up for an economic boost as the government commits to bringing a Formula 1 (F1) racing event to the country. Prime Minister Paetongtarn Shinawatra announced the ambitious plan yesterday, November 9, emphasising its potential to invigorate tourism and stimulate urban development. The government is actively pursuing discussions to secure an F1 event, which is part of a…
- Business News
Thailand embraces AI to lead global economy by 2030
Thailand is rapidly embracing artificial intelligence (AI) technology across public and private sectors, aligning with global technological advancements. This movement was highlighted during a seminar, where experts emphasised the importance of an AI-ready workforce to propel Thailand into the forefront of the AI-driven global economy by 2030. Scheduled as a significant milestone, 2030 is anticipated to witness a global economic…
- Business News
GDP on the up: Thailand’s economy gears up for 2.7% ‘Thai’ to growth
Thailand’s Finance Ministry is projecting GDP growth of 2.7% for the current year, with expectations to reach 3% in 2025. The Fiscal Policy Office (FPO) announced that while fiscal measures have been maximally employed to bolster the economy, further support from monetary policy is essential for achieving higher growth rates. During the ministry’s economic briefing, Pornchai Thiraveja, FPO Director-General, reaffirmed…
- Environment News
Mekong River dams threaten Thailand’s environment and economy, warns NHRC
Transboundary hydropower dam projects along the Mekong River could jeopardise Thailand’s environment, economy, and community welfare, according to the National Human Rights Commission (NHRC). In a letter addressed to Prime Minister Paetongtarn Shinawatra on October 3, the NHRC highlighted its concerns about four hydropower dam projects: Ban Koum Dam, Sanakham Dam, Phou Ngoy Dam, and Pak Chom Dam, all situated…
- Thailand News
Interest peaked: Thailand banks on MPK rate cut to boost economy
The Government of Thailand believes the recent reduction in the policy interest rate by the Monetary Policy Committee (MPC) will positively impact the economy. Deputy Prime Minister and Finance Minister Pichai Chunhavichir stated that the decrease was anticipated and would help alleviate financial burdens. Yesterday, October 16, at 9.30am, Pichai addressed the media at the Government House regarding the MPC’s…
- Thailand News
Thailand boosts economy with overseas workers
Thailand has seen a significant boost in its economy, with over 55,000 workers sent abroad during the 2024 fiscal year, resulting in more than 270 billion baht added to their families’ incomes. Labour Minister Phiphat Ratchakitprakarn visited 364 Thai workers yesterday, October 11, who were undergoing pre-departure training before heading to Taiwan, Israel, and Japan. Among these workers, 321 are…
- Business News
Thailand’s tourism confidence index drops amid floods, economy
Thailand’s tourism confidence index for the third quarter saw a significant drop year-on-year, remaining below the benchmark due to challenges such as factory closures, rising unemployment, increasing non-performing loans, and severe flooding both domestically and internationally, according to the Tourism Council of Thailand (TCT). The TCT has scheduled a meeting with the Tourism Authority of Thailand‘s board chairman tomorrow to…
