Search Results for: Thailand's economy
- Thailand News
Srettha vows better governance amid sliding popularity in new poll
Prime Minister Srettha Thavisin pledged to enhance the government’s performance following a recent opinion poll indicating a decline in his popularity and that of the ruling Pheu Thai Party, now trailing behind their main political rivals. The National Institute of Development Administration (NIDA) conducted a quarterly poll revealing that the popularity of the Thai premier and Pheu Thai has decreased,…
- Thailand News
Thailand seeks UNESCO recognition for Tom Yum Kung & Kebaya dress
The Government of Thailand is pushing to have Tom Yum Kung soup and the Kebaya dress registered as intangible cultural heritage by UNESCO. The Ministry of Culture is accelerating plans to promote Thailand’s soft power on the international stage. The Ministry of Culture is promoting two of Thailand’s cultural heritages this year: Tom Yum Kung soup and the Kebaya dress.…
- Thailand News
Thailand poised for unprecedented surge in tourists
Thailand is set to witness a phenomenal surge in tourists, with visitor numbers from four key markets, Malaysia, India, South Korea, and Russia, expected to hit record highs in 2024, thanks to robust government support and the country’s soft power initiatives. According to the Association of Thai Travel Agents (ATTA), arrivals from Malaysia are projected to soar to 5 million…
- Business News
Thailand tourism spending to miss 1.2tn baht target, rising costs
Thailand’s domestic tourism spending is projected to fall short of the government’s ambitious target of 1.2 trillion baht amid economic concerns and rising travel costs, as the Tourism Authority of Thailand (TAT) indicates. TAT Deputy Governor for Domestic Marketing, Somradee Chitchong, expressed confidence that domestic trips would reach 210 million this year, surpassing the initial target of 200 million. Despite…
- Business News
Robinhood app to cease operations on July 31, SCB announces
Thailand’s beloved Robinhood application will cease operations on July 31, as announced by Siam Commercial Bank (SCB) yesterday. Offering commission-free food delivery, hotel booking and various other services, Robinhood announced that they have fulfilled their mission of supporting riders and small businesses during difficult times. SCB X Plc, the holding company for SCB and its affiliates, stated that Robinhood had…
- Thailand video news
Thailand Video News | Thailand resumes sending farm workers to Israel amid local production crisis, Wikileaks founder Julian Assange passes through Thailand on path to freedom
On Thailand Video News, Alex talks about the latest occurrences happening locally and globally. Thailand resumes sending agriculture workers to Israel during a local production crisis. Wikileaks founder Julian Assange may stopover in Thailand on his way to freedom in Australia. A Thai woman has escaped arrest with the assistance of her boyfriend, only to be apprehended again in Rayong…
- Thailand News
DSI slaps Stark CEO with a torrent of charges
In a dramatic twist to one of Thailand’s largest corporate frauds, the Department of Special Investigation (DSI) charged Chanin Yensudchai, former CEO of Stark Corporation, with a slew of serious offences including money laundering and document forgery. Acting DSI Director Yutthana Praedam confirmed the charges also encompass negligence, fraud, embezzlement, and violations of the Securities and Exchange Act of 1992. Despite…
- Automotive
Sports utility vehicles versus motorcycles in Thailand
Do you categorize yourself as an adrenaline enthusiast who finds exhilaration in a motorcycle drive, or do you have a proclivity towards the comfort and safety features of an SUV? Each stands with its unique advantages and disadvantages. From parameters like fuel efficiency and ecological footprint to factors such as cost and convenience, we’ll comprehensively examine these facets and beyond.…
- Thailand News
Health tourism: Phuket’s new wellness haven
To bolster health tourism, BDMS Wellness Clinic teamed up with Bangkok Hospital Phuket and Laguna Phuket to unveil the BDMS Wellness Clinic Laguna Phuket. This new branch aims to solidify BDMS Wellness Clinic’s dominance in creating a wellness economic corridor in the Andaman region. The government’s 2022 announcement of the Andaman Wellness Economic Corridor project set the stage for this…
- Thailand video news
Thailand Video News | Seafood restaurant owner’s son surrenders after fatal shooting, mushroom curry poisoning in Yasothon kills one
ln today’s edition of Thailand Video News, Alex talks about a seafood restaurant owner’s son who has turned himself in after shooting two employees. A mushroom curry in Yasothon has caused severe food poisoning, killing one, and Syn Man Kong Insurance Public Company has lost a 40 billion baht lawsuit. Monkeys in Lopburi have escaped their enclosure and wrought havoc…
- Thailand News
Deputy PM defends mammoth borrowing to jump start growth
In a heated parliamentary session yesterday, Deputy Prime Minister and Finance Minister Pichai Chunhavajira staunchly defended the government’s proposal to borrow a staggering 865 billion baht to mitigate the fiscal 2025 budget deficit. Pichai argued that this bold move is essential to rejuvenate Thailand’s languishing economy and achieve targeted GDP growth. He assured lawmakers that the loan would adhere strictly…
- Business News
Thai industries sentiment index drops to 88.5 as layoffs rise
Thai Industries Sentiment Index (TISI) experienced another decline in May, dropping to 88.5 from April’s 90.3 points, as 15,000 workers have been laid off since the beginning of the year, according to the Federation of Thai Industries (FTI). Layoffs in the first five months of 2024 emerged as the TISI, which measures the manufacturing sector’s health, fell for the second…
- Lifestyle
Find your personal fashion style in Thailand
Have you ever wondered what your style is? Fashion encompasses a variety of concepts, from streetwear to minimalistic and vintage styles. It is quite difficult to find the ‘one’; sometimes, you may have a concept of your own, mixing and matching multiple styles. You may not be sure what your style is at the moment but with the huge fashion…
- Thailand News
PM Srettha unveils 3 trillion baht economic boost plan
Prime Minister Srettha Thavisin rolled out a mammoth 3.753-trillion-baht economic revival blueprint aimed at turbocharging Thailand’s financial fortunes. As lawmakers embarked on a heated three-day debate, the Bangkok-born Thai PM pitched his vision to rejuvenate the sluggish economy, promising a surge in growth. In a bid to unleash Thailand’s economic potential, Prime Minister Srettha Thavisin proposed a hefty 3.753 trillion baht…
- Thailand video news
Thailand Video News | Thailand Senate passes landmark same-sex marriage bill, Iranian tourist attacked on Phuket’s party street
On Thailand Video News today, Alex cover news popping up across the country and how the Senate has passed the landmark same-sex marriage bill. An Iranian tourist was attacked on Saturday on a party street in Phuket, and a village chief is defending traditional burning practices amid the air pollution crisis. A soda bottle exploding has injured a worker and…
- Thailand News
Thailand shoots to the top, leaves Malaysia trailing in ASEAN rankings
Thailand has rocketed up the global competitiveness rankings, leaving Malaysia in the dust and securing the second spot in ASEAN. The IMD World Competitiveness Centre’s 2024 report catapulted Thailand from 30th to 25th place worldwide, highlighting a significant leap in economic performance. Danucha Pichayanan, the Secretary-General of the National Economic and Social Development Council, briefed the Cabinet yesterday regarding this…
- Thailand News
Island hopping: Thailand’s new maritime route to revolutionise tourism
Thailand spearheads an ambitious project to link its stunning islands with Vietnam and Cambodia, promising to boost investment, trade, and tourism across the region. The Governor of Trat province, Natthapong Sanguanjit, recently chaired a meeting that gathered officials and business leaders from six provinces of the three countries. This initiative is part of the Cambodia-Vietnam-Thailand Economic Corridor (CVTEC) Trat Business…
- Thailand News
Phetch-Hua Hin Airport set to go international by 2025
To catapult Thailand’s aviation industry into the global elite, Hua Hin Airport in Prachuap Khiri Khan Province is undergoing a spectacular transformation. Rebranded as Phetch-Hua Hin International Airport, this dazzling upgrade is slated for completion by late 2025. Earlier this week, Prime Minister Srettha Thavisin made his second visit to the construction site, rallying support from key agencies to ensure…
- Travel
Thailand for digital nomads: Your ultimate guide
Thailand beckons digital nomads with its irresistible mix of vibrant culture, stunning landscapes, and a cost of living that won’t break the bank. It’s a place where you can seamlessly blend work with exploration, offering the perfect backdrop for your remote working lifestyle. Is Thailand good for digital nomads? Thailand stands out as a top pick for digital nomads. Its…
- Guides
5 ways for foreigners to make money in Thailand
Many foreigners visit Thailand for a holiday, become enamoured by its beauty, and end up staying and finding a job that can sustain them and their families. But if you don’t know Thai, you’ll find that not all jobs in Thailand are open to foreigners. However, there are ways you can make money to live out your dream life…
- Thailand News
Ambassadors from Islamic Cooperation visits South Thailand
A delegation of ambassadors from eight Organisation of Islamic Cooperation (OIC) countries recently visited Thailand’s southern border provinces, aiming to understand the region’s multicultural society and assess potential areas for trade, investment, tourism, and education. The delegation included ambassadors from Brunei, Egypt, and Iran, along with chargés d’affaires from Malaysia, Nigeria, and the Maldives. Deputy chiefs of mission from Indonesia…
- Business News
Thailand to explore AANZFTA ties and new economic partnerships
Prime Minister Srettha Thavisin has committed to strengthening collaboration under the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA), maintaining current markets, and forging new economic partnerships, government spokesman Chai Wacharonke announced yesterday. Delegates from the Commerce Ministry and the Department of Trade Negotiations (DTN) participated in the 21st AANZFTA Joint Committee Meeting held in Auckland, New Zealand, from May 26 to…
- Thailand News
Macau casino company eyes Thailand for major investment
In a move that could revolutionise Thailand’s entertainment landscape, MGM China Holdings is exploring new investment opportunities, including a potential entertainment complex in Thailand. This was revealed after a high-level meeting between TAT governor Thapanee Kiatphaibool and Pansy Ho, chairperson of MGM China Holdings, on Thursday. TAT governor Thapanee highlighted that MGM China is keen to promote Macau tourism to…
- Thailand News
eCommerce growth and digital payment trends in Thailand
As the second-largest digital economy in Southeast Asia, Thailand is seeing a significant shift in consumer purchasing habits due to these technological advancements, including the increasing adoption of digital payment methods. This article explores the current state of eCommerce, popular digital payment methods, and the opportunities they present for digital marketers. eCommerce Growth in Thailand Thailand’s eCommerce sector is thriving,…
- Business News
Thailand reviews property tax law after five years
The Finance Ministry is currently reviewing the Land and Building Tax Act, which has been in effect for five years, marking a crucial phase in reforming Thailand’s property tax regime. Public hearings have been conducted to gather opinions from the public and stakeholders. Finance Permanent Secretary Lavaron Sangsnit says the amended version of the land and building tax law will…
- Guides
The best jobs in Thailand for foreigners
Thailand offers numerous opportunities for foreigners seeking employment. The country boasts diverse sectors that cater to various skill sets. Teaching English, remains a popular option as a career for foreigners, as many schools prefer native speakers. Foreigners can also explore roles in IT, medical, and electronics sectors, which are continuously expanding. Additionally, a job in the hospitality sector frequently hires…
- Thailand News
Political turmoil sends Thai stock market plummeting
Prime Minister Srettha Thavisin acknowledged that Thailand’s current political turmoil is likely behind the recent stock market plunge, which hit a four-year low on Monday. Analysts have pointed to three high-profile court cases shaking the nation’s political landscape as the primary cause of investor anxiety. “It is about stock market sentiment.” PM Srettha highlighted that he, among others involved in…
- Thailand News
Thailand is fast becoming a global LGBTQIA+ hub
Thailand is on the brink of becoming the ultimate destination for the LGBTQIA+ community, thanks to its welcoming environment, progressive policies, and the recent launch of the Pink Plus Economy initiative. This revolutionary move, announced on Sunday by Borderless.lgbt, aims to create a supportive ecosystem for LGBTQIA+ individuals in Thailand, encompassing living, family planning, and retirement. The initiative is backed…
- Thailand News
70% of Thais support methamphetamine threshold for legal action
Thailand’s Public Health Ministry revealed that 70% of Thai citizens agree with the regulation of having a minimum threshold of one methamphetamine pill for legal proceedings, while 30% prefer zero tolerance. The Ministry insists the threshold is necessary for effective law enforcement. Public Health Minister Somsak Thepsuthin chaired the opening ceremony of the new Thai Traditional and Alternative Medicine Centre…
- Business News
Bonding issues: Political turmoil shakes Thai investor confidence
Thailand’s escalating political risks are making foreign investors hesitant about the nation’s bond market, despite a cautious return in May after a six-month break. In May, global funds bought US$511 million worth of Thai bonds, a notable difference compared to larger acquisitions in Indonesia, India, and South Korea. Comparative indicators of foreign investment show Thailand lagging behind its regional counterparts.…
