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    Top 10 reasons for expats to get a comprehensive health insurance in Thailand

    Moving to Thailand offers plenty of excitement and adventure, but the local healthcare system can be complex to navigate as an expat. From unique health risks to high costs at private hospitals, having a comprehensive health insurance plan is essential....

  • Water shortages: Thai govt mulls halting Central Plains rice farming amid anticipated drought

    Water shortages: Thai govt mulls halting Central Plains rice farming amid anticipated drought

    In a bid to counteract the effects of a potential drought, the central government of Thailand is contemplating the suspension of rice cultivation in the Central Plains region. This proposal comes alongside the potential establishment of a command centre to combat reduced rainfall and water shortages. The Office of the National Water Resources (ONWR) initiated this conversation, citing apprehensions about…

  • ASEAN bolsters talks with UK, Russia for potential economic cooperation plans

    ASEAN bolsters talks with UK, Russia for potential economic cooperation plans

    In an attempt to further drive economic cooperation, Southeast Asia, through the Association of Southeast Asian Nations (ASEAN), is accelerating its dialogue with the United Kingdom and Russia. This information was released by Auramon Supthaweethum, the head of the Trade Negotiations Department. A senior official from the department, Duangarthit Nidhi-u-tai, was sent to represent the region at the 4th ASEAN-UK,…

  • Tourism revival in Thailand risks airport slot overcrowding, suggests alternative options

    Tourism revival in Thailand risks airport slot overcrowding, suggests alternative options

    In anticipation of the upcoming high season, Thailand’s Tourism Authority (TAT) expressed concerns over the slot capacity at international airports. As more flights are set to resume, it is predicted that the country will receive around 8 million tourists this year, primarily derived from long-haul markets anticipating a significant tourism revival. The deputy governor for Europe, Africa, the Middle East,…

  • Blue Flag market unveiled by Phuket to combat rising costs

    Blue Flag market unveiled by Phuket to combat rising costs

    Phuket is preparing to host a monthly special market dubbed the “Blue Flag.” The market is hoped to bring an economic lifeline to the less affluent residents of the city as they struggle with the inflating prices of common household essentials. The Phuket Provincial Commerce Office has taken the initiative of kick-starting the Blue Flag market beginning from the first week…

  • Three more Thai provinces join ASEAN Smart Cities Network expanding digital reach

    Three more Thai provinces join ASEAN Smart Cities Network expanding digital reach

    Further broadening its digital reach, Thailand’s Digital Economy and Society Ministry (DES) recently declared that three additional Thai provinces – Chiang Mai, Khon Kaen and Rayong, now form a part of the seminal ASEAN Smart Cities Network (ASCN). This exciting development was announced yesterday, by DES chief, Chaiwut Thanakamanusorn, during the sixth annual ASCN assembly held in Bali, Indonesia. In…

  • Saudi-Phuket direct flights set to launch as Thai diplomacy thaws

    Saudi-Phuket direct flights set to launch as Thai diplomacy thaws

    Direct flights between Saudi Arabia and Phuket International Airport are slated to start in October, as announced by Monchai Tanode, the director of the airport. The Saudi-Phuket flights initiative is significant, marking the first-ever direct commercial flights between Saudi Arabia and Phuket since diplomatic relations were restored in the previous year. The foremost direct flight to Phuket will be facilitated…

  • Budget airlines hike flights to China amid sluggish post-Covid recovery

    Budget airlines hike flights to China amid sluggish post-Covid recovery

    In an attempt to achieve post-Covid recovery, budget airlines across the globe have increased flight frequencies to China. However, travel and capacity are yet to reach pre-Covid volumes. On its side, the Tourism Authority of Thailand (TAT) is being circumspect about implementing a visa fee waiver scheme to draw in more international visitors. Despite loom border controls from the start…

  • Bank of Thailand forecasts final interest rate hike amid inflation uncertainty

    Bank of Thailand forecasts final interest rate hike amid inflation uncertainty

    The Bank of Thailand (BoT) aims to cap its series of interest rate increases with a final 25-basis-point hike slated for August 2, due to an ongoing high and uncertain inflation outlook. This insight has been gathered from a poll conducted recently. After June’s annual headline inflation eased down to 0.23%, falling below the BoT’s target range of 1%-3%, it…

  • Thailand eyes record 2 million Russian tourists despite geopolitical tensions

    Thailand eyes record 2 million Russian tourists despite geopolitical tensions

    With an increase in flights and a neutral position on the Russia-Ukraine conflict, Thailand’s Tourism Authority (TAT) is poised to welcome a record-breaking 2 million Russian tourists next year. Khanittha Phanworawat, the Moscow office director, emphasises the urgent need to preserve Thailand’s image as a friend to Russian travellers, as a measure to achieve this ambitious goal, especially if other…

  • Thailand’s economy eyes rebound in 2023 buoyed by China’s booming influence

    Thailand’s economy eyes rebound in 2023 buoyed by China’s booming influence

    A light of hope has started to shine on the future of Thailand’s economy as we look forward to this year, and China’s influence as a significant driving force cannot be ignored, so suggests a leading Thai economist. The said economist, Kirida Bhaopichitr, who honours the position of Director for the Economic Intelligence Service at the Thailand Development Research Institute…

  • Saudi-Thailand relations: Leaders discuss tourism and investment amid strengthening ties

    Saudi-Thailand relations: Leaders discuss tourism and investment amid strengthening ties

    The chairman of Saudi Arabia’s Consultative Assembly, Abdullah Mohammed Ibrahim Al-Sheikh, was heartily welcomed by Thailand’s Prime Minister, Prayut Chan-o-cha yesterday for a constructive dialogue on potential collaboration for tourism and investment in Thailand’s Eastern Economic Corridor (EEC). The Saudi-Thailand relations discussion was announced by Tipanan Sirichana, deputy government spokesperson for Thailand. Al-Sheikh, leading the delegation from Saudi Arabia, had…

  • Thailand sees tourism growth skyrocketing to 3 trillion baht in 2023

    Thailand sees tourism growth skyrocketing to 3 trillion baht in 2023

    Thailand recently experienced a surge in international arrivals, with numbers reaching 15 million within just seven months of this year, encouraging tourism growth, informed Rachada Dhnadirek, a deputy government spokesperson. She acknowledged the substantial contribution of northern hemisphere school summer breaks increasing the influx of international tourists to the vibrant Southeast Asian nation, thereby boosting tourism growth. In response to…

  • Thai finance chief cautions reform balance to prevent tax shock on economy

    Thai finance chief cautions reform balance to prevent tax shock on economy

    Krisada Chinavicharana, the permanent secretary at the Finance Ministry, sounded the alarm bell for the incoming government, stating that the proposed tax reforms aiming to bump up the revenue should not produce a shockwave effect on the economy. Currently, tax revenue stands at just 14% of the GDP, falling short of the expected 15% or 16%, Krisada said. He stated……

  • Bank of Ayudhya predicts pivotal role of politics in Thailand’s economy

    Bank of Ayudhya predicts pivotal role of politics in Thailand’s economy

    In light of the current political climate, a division of the renowned Bank of Ayudhya suggests that the upcoming political decisions could significantly steer Thailand’s economy this year. This report highlights the pivotal role of swift administrative formation in stabilising the economy and buoying investor confidence. However, the prospect of an emerging minority government raises considerable concerns over its potential…

  • Thai rice exports poised to hit 9 million tonnes amid climate anxieties

    Thai rice exports poised to hit 9 million tonnes amid climate anxieties

    Thailand stands on the cusp of a hugely promising year in terms of rice exportation, which, forecasts suggest, could reach up to 9 million tonnes. Making the most of a climate-induced market fervour, the Thai industry gleefully anticipates shipping masses of what is an integral commodity to many. The increase in demand is believed to be rooted in anxieties about…

  • Thailand aims to boost economy with health tourism campaign

    Thailand aims to boost economy with health tourism campaign

    The Thai government has launched an ambitious campaign, “Discover the New You” to entice international visitors to spend upwards of 18 million baht (US$510,000) by September of this year. This initiative is a concerted effort by the government, the Tourism Authority of Thailand (TAT), and over 130 healthcare, wellness businesses and service providers including hotels, spas, health resorts, hospitals, and clinics.…

  • Migrant amnesty programme extended for half a million foreign labourers in Thailand

    Migrant amnesty programme extended for half a million foreign labourers in Thailand

    In a bid to alleviate Thailand’s labour shortage and lay the groundwork for post-pandemic economic recovery, the country’s Cabinet has decided to lengthen its foreign migrants’ amnesty programme until the close of the month. This initiative allows close to half a million workers from neighbouring nations, namely Cambodia, Laos, Myanmar, and Vietnam, to effectively organise the permits necessary for legal…

  • Bank of Thailand considers interest rate cuts to address household debt

    Bank of Thailand considers interest rate cuts to address household debt

    A senior executive at the Bank of Thailand hinted at the possibility of interest rate slashes, which could provide a lifeline to struggling debtors, desperate to escape from their worsening debt cycles. In talks with the Thai Bankers’ Association (TBA) and other related groups, the central bank is exploring various methods to curb the nation’s escalating household debt. According to the…

  • Minor Food Group launches new Chinese restaurant in Bangkok

    Minor Food Group launches new Chinese restaurant in Bangkok

    Spurred by the recent rise in popularity of Chinese cuisine, Minor Food Group Plc debuted its first Riverside Grilled Fish & Mala restaurant in the heart of Bangkok today. Thunyachate Ekvetchavit, occupying the role of the top-ranking executive in the company, announced a 10-12 million baht budget allocation for the inauguration of the first branch of the renowned dining venue.…

  • Thai tourism unaffected by political unrest unless airports shut, says ex-minister

    Thai tourism unaffected by political unrest unless airports shut, says ex-minister

    In times of political upheaval, Thailand’s foreign tourists would not be significantly impacted, unless there was an incident akin to 2008’s airport disruption, according to former tourism and sports minister, Weerasak Kowsurat. Back in 2008, protesters had shut down Bangkok’s airports leading to a drop in tourist visits, impacting Thai tourism. Weerasak, now serving as a senator, insists that tourists…

  • Thai tourism surge: 25 million visitors forecasted, boosting economy

    Thai tourism surge: 25 million visitors forecasted, boosting economy

    In a recent announcement, the Thailand is on track to welcome a staggering 25 million tourists by the year end, offering a much-needed booster to the economy. This follows a significant surge in Thai tourism, exceeding 12 million arrivals recorded late last month, as relayed by deputy government spokesperson Traisuree Taisaranakul. Between January and June 25 of this year, the…

  • Banpu eyes free power trade system amidst rising Thai electricity costs

    Banpu eyes free power trade system amidst rising Thai electricity costs

    In the face of rising electricity bills, a new opportunity is emerging for a free power trade system in Thailand, as spotted by Banpu Power Plc, the power generation arm of energy conglomerate Banpu Plc. Expecting a worldwide shift in electricity markets, the company, under Kirana Limpaphayom, its CEO, is poised to take advantage of this imminent change. The combined…

  • Thailand’s tourism confidence slides amidst global economy concerns

    Thailand’s tourism confidence slides amidst global economy concerns

    The second quarter of this year saw the Tourism Confidence Index remaining subdued, sliding from the previous quarter. The contributor to this drop was a blend of Thailand‘s low season and decreased earnings from tourism. The president of the Tourism Council of Thailand (TCT), Chamnan Srisawat, announced that the second quarter’s score was two points lower than the prior quarter…

  • Thai tourism targets wealthy Asian expatriates for industry boost

    Thai tourism targets wealthy Asian expatriates for industry boost

    The Tourism Authority of Thailand (TAT) set their sights on the growing wealth of Asian expatriates as a potential boon for the Thai tourism industry. Chinese nationals residing in Cambodia and Laos have been particularly targeted due to their propensity for choosing Thailand as a location to send their children for education. According to Oranooch Pakapan-Rutten, TAT’s marketing representative for Cambodia…

  • Business uncertainty fuels Thai Baht dip amid political unrest and Asian currency devaluation

    Business uncertainty fuels Thai Baht dip amid political unrest and Asian currency devaluation

    Embroiled in political and business uncertainty, the Thai baht plummeted to a low unseen since last November, a seven-month dip, agitating investor confidence. This occurred alongside a universal lowering in the value of various emergent Asian currencies versus an emboldened dollar, fuelled by robust US data allaying recession fears. Stock markets in the region largely painted a bleak picture, with…

  • Thai exports set for surge amid favourable market conditions and expansion plans

    Thai exports set for surge amid favourable market conditions and expansion plans

    With predictions of a rebounding global economy, Thai exports are expected to witness a surge in the second half of the year, according to the nation’s Commerce Ministry. Keerati Rushchano, the permanent commerce secretary, revealed that the current competitive baht exchange rate coupled with planned market expansion initiatives could significantly boost trade. The regions targeted for market expansion include Yunnan…

  • Fitch ratings reveal Thailand’s economic recovery to boost corporate earnings in 2023

    Fitch ratings reveal Thailand’s economic recovery to boost corporate earnings in 2023

    Recovery of the domestic economy and alleviation of inflationary pressures are set to bolster the performance of corporations in Thailand this year, suggest analysts from Fitch Ratings during the 2023 Thailand Corporate Credit Outlook & Asean ESG conference, held recently in Bangkok. Corporates at Fitch Ratings (Thailand)’s Lertchai Kochareonrattanakul, a senior director, indicated in his talk that a boost in…

  • Thai economy booms as government’s fiscal income beats projections with 122bn baht surplus

    Thai economy booms as government’s fiscal income beats projections with 122bn baht surplus

    The Thai economy demonstrates strong recovery and active imports as the Thai government’s net income during the first two-thirds of fiscal 2023 has surpassed projections by 122 billion baht, revealed Fiscal Policy Office Director-General, Pornchai Thiraveja, 42 years old. Between October 2022 and May 2023, the Thai government raked in a total of 1.64 trillion baht, which is an 8%…

  • Thai tourism-linked businesses experience booming growth amid economic recovery

    Thai tourism-linked businesses experience booming growth amid economic recovery

    Amid escalating tourist arrivals and robust economic recovery, Thai tourism-associated enterprises have been reaping lucrative rewards, particularly in the fields of foreign exchange, travel agencies, tour guides, dining establishments, and the accommodation industry. Such industries have experienced impressive growth within the initial five months of this year, as revealed by data garnered through the Business Development Department of the Commerce…

  • Thailand tourism thrives as it ranks second in global travel, Bangkok tops city list

    Thailand tourism thrives as it ranks second in global travel, Bangkok tops city list

    Thailand tourism continues to thrive, as online travel platform Agoda recently revealed that the country holds the title of the second most popular destination for travellers worldwide, with Bangkok topping the list of favourite cities for global travellers. The ranking came from an analysis of booking data collected from January to May of the current year, shared by government spokesman…