Search Results for: economy
-
Bangkok News
Thailand vs Vietnam in 2026: who’s really winning the economy and tourism race?
ANALYSIS: The talk of Vietnam surpassing Thailand is everywhere, from Nikkei Asia to Bangkok boardrooms. Here is where the two economies and tourism industries actually stand, why the crown has not changed hands, and where Vietnam has already won. For years, the idea that Vietnam would one day overtake Thailand felt like a distant hypothetical. In 2026, it has become…
-
Thailand video news
Thailand Video News | Two Workers Killed in Chiang Rai Railway Tunnel Collapse | Thailand Launches 12-Year Drive to Become a High-Income Economy
In the headlines today, Thailand records fewest births in 75 years, continuing the troubling trend of population decline, in Chiang Mai, a railway tunnel collapse has had fatal consequences, in ASEAN News, three students have been killed in Philippines school shooting, in Phuket, an Australian motorist has been detained after striking a police checkpoint, in cannabis news Thailand is setting…
-
Business News
Thai economy threatened by migrant worker shortage amid rising costs
Thailand’s government faces growing pressure to tackle a migrant worker shortage that is compounding economic difficulties driven by high energy costs and threatening key industries, a business group warned on Friday. The Thai Chamber of Commerce called on the government to speed up work permit renewals, particularly for Cambodian workers, to prevent them losing their legal status. The move is…
-
Business News
Thai economy braces for stagflation amid Iran war: How real estate must pivot to survive
The secretary-general of the National Economic and Social Development Council (NESDC), Danucha Pichayanan, said that the prolonged conflict and the closure of the Strait of Hormuz for over a month had significantly impacted global energy market confidence. Iran has proposed negotiation conditions, such as the withdrawal of US military bases from the Middle East. This marks an initial stance for…
-
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 News
Pheu Thai eyes gaming industry reform to boost digital economy
Pheu Thai’s prime ministerial and MP candidate Yodchanan Wongsawat met with gaming industry leaders in Bangkok yesterday, January 12, to explore ways to elevate the country’s position in the global digital economy. Executives from the Thai Game Software Industry Association (TGA), along with developers, publishers and platform operators, joined the meeting. The discussion aimed to address challenges and potential in…
-
Thailand News
Digital Economy Minister defends mother over PDPA controversy
Today, December 11, Digital Economy Minister Chaichanok Chidchob defended his mother over a controversial social media post that revealed someone’s personal information online, insisting that she did not break any laws under Thailand’s Personal Data Protection Act (PDPA). The post came after someone online criticised the Chidchob family, accusing them of being involved with illegal casinos in Cambodia. In response,…
-
Finance
The macro ties that bind gold and oil with the global economy
Defined by geopolitical friction and shifting economic priorities, 2025 was a year that enforced the long-standing ties between gold, oil, and the global economy. From tariff escalations between major trading blocs to renewed instability in key oil-producing regions, markets were repeatedly forced to reprice risk. And while equities absorbed the headlines, it was gold and oil that quietly revealed the…
-
Thailand News
Thai economy faces potential recession with growth under 1%
Anusorn Thammajai, Dean of the Faculty of Economics and Director of the Centre for Economic, Digital Investment, and International Trade Research at the University of the Thai Chamber of Commerce, has expressed concerns about Thailand’s economic outlook. He anticipates that the economy may expand by less than 1% in the fourth quarter, with a risk of negative GDP growth compared…
-
Business News
Thai budget deficit dips by 8.4% as economy stumbles on
Thailand’s Cabinet approved a new fiscal plan projecting reduced budget deficit and increased spending, aiming to stabilise the economy amid weak growth. Thailand’s government has announced an 8.4% reduction in the national budget deficit for the 2027 fiscal year, signalling a cautious step towards stabilising public finances amid a sluggish economy. Yesterday, November 18, the Cabinet approved a medium-term fiscal…
-
Thailand News
Thailand video news Phetchabun Woman Wins 6 Million Baht in Lottery, PM Anutin Says US Shutdown Won’t Harm Thailand’s Economy
Thailand’s week brought a mix of political debate, infrastructure woes, crime busts, and human drama. A Phuket MP called for tighter visa rules to curb unruly tourists, while another Bangkok road collapse reignited concerns over aging infrastructure. PM Anutin downplayed fears of U.S. shutdown impacts on the economy, as police nabbed an Interpol fugitive in Bangkok with drugs…
-
Business News
Malaysia strengthens halal economy through digital ecosystem and partnerships
Malaysia has positioned itself as a major force in the global halal economy by building a strong digital halal ecosystem that provides financing, advisory services, and business intelligence to help local SMEs expand abroad. This model, which underpins Malaysia’s success in exporting halal products, is now being adapted to support neighbouring Thailand in strengthening its own halal sector. Malaysia and…
-
Politics News
Anutin confirms Cabinet ready, vows swift action on economy
Thailand’s new Cabinet lineup has been finalised and is awaiting royal approval, after which the government will present its policy and begin official duties. Prime Minister Anutin Charnvirakul has confirmed that Thailand’s new Cabinet list is now complete and awaiting royal endorsement, expected later this week. Once approved, the government will deliver its policy statement to Parliament and begin its…
-
Pattaya News
Chon Buri community market boosts local economy and spirit
A vibrant community market was set up in front of the Khao Mai Kaew subdistrict administrative organisation (SAO) meeting hall, in Bang Lamung district, Chon Buri, offering locals a platform to sell goods such as fresh produce, traditional sweets, and crafts, boosting the local economy and community ties. On Tuesday, September 2, the market attracted a vibrant crowd, with both…
-
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…
-
Business News
Leisure apps compete for attention in the 15-minute media economy
We’re living in the age of “just one more episode,” “one more scroll,” and “just five more minutes.” Attention is sliced into fragments, and entertainment now competes not by the hour, but by the minute. Welcome to the 15-minute media economy — a world shaped by short breaks, background noise, and multitasking. Whether it’s during a commute, lunch break, or…
-
Business News
Thai govt unleashes 87 billion baht to jolt economy
Thailand’s government is throwing billions at the economy in a high-stakes bid to spark recovery before time runs out. With just two months left in the fiscal year, the Budget Bureau has unleashed 87.36 billion baht to fund 148 urgent economic stimulus projects, according to Deputy Finance Permanent Secretary Theerarak Saengsanit. The hefty injection accounts for 75.72% of the 115…
-
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…
-
Phuket News
Phuket’s economy soars, but 600 Cambodian workers left stranded
Phuket’s economy is roaring back to life, with employment soaring by nearly 100% and tourism revenue skyrocketing. But while the island thrives, a pressing issue remains — the 600 Cambodian workers currently stranded without a repatriation plan. Phuket Deputy Governor, Suwit Pansengiam, gave a promising update today, June 18, revealing that tourism in Phuket has grown significantly since last year. With a revenue of 497 billion…
-
Bangkok News
PM Paetongtarn calls for proactive diplomacy to boost economy
In a bold call for action, Prime Minister Paetongtarn Shinawatra has urged Thai diplomats around the world to take a more proactive approach to support the country’s economy, navigate shifting global dynamics, and maintain peace in the region. Speaking at the closing ceremony of the 2025 annual meeting of Thai heads of missions in Bangkok, Paetongtarn outlined clear strategies for…
-
Thailand News
PM Paetongtarn champions green economy at Malaysia summit
Thailand’s Prime Minister Paetongtarn Shinawatra made waves yesterday at the 2nd ASEAN-Gulf Cooperation Council (GCC) Summit in Malaysia, unveiling a three-pronged strategy aimed at boosting economic prosperity, protecting human resources, and preserving the environment. Speaking at the high-profile gathering, the 38 year old Thai premier urged deeper collaboration between ASEAN and Gulf countries to tackle pressing challenges while seizing new…
-
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,…
-
Thailand News
Songkran crowds pour 1 billion baht into Thai economy
It wasn’t just water flying this Songkran—cash was too. Thailand’s Maha Songkran World Water Festival has soaked the nation in celebration and injected a whopping 1.58 billion baht into the tourism industry, making it one of the most lucrative holiday events in recent memory. According to Government Deputy Spokesperson Anukul Phruksanusak, the five-day spectacle, held from April 11 to 15,…
-
Business News
Thai finance minister to address US tariff impacts on economy
Thailand’s Finance Minister Pichai Chunhavajira is set to engage with the Bank of Thailand governor regarding the United States‘ reciprocal tariff measures ahead of his visit to the United States. Aiming for a formal meeting with the central bank governor by tomorrow, April 17, Pichai intends to evaluate the impacts of US trade policy, global economic trends, and the US’s…
-
Politics News
Prawit blasts Paetongtarn over economy, security, and casino plan
Palang Pracharath Party leader General Prawit Wongsuwan launched a blistering attack on Prime Minister Paetongtarn Shinawatra, accusing her of mismanaging Thailand’s economy and security, while criticising her integrity and controversial policies, including casino legalisation. During the first day of the two-day confidence debate, Prawit, who has largely avoided attending House meetings in recent years, delivered a scathing speech, accusing the…
-
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…