boost economy

  • Economy News

    Thai economy boost: Bank forecasts GDP growth, increased tourism

    Anticipating a stronger Thai economy, the Bank of Thailand has expressed confidence that GDP growth will surpass their expectations. This is attributed to the economic strategies implemented by the new government, combined with progress in the tourism and consumption sectors. In a recent meeting, the Monetary Policy Committee (MPC) of the central bank stated that they foresee continuous growth in…

  • Business News

    China-Africa Expo to boost trade, explore emerging sectors

    The upcoming third China-Africa Economic and Trade Expo, set to take place in Changsha from June 29 to July 2, is expected to further enhance economic and trade cooperation between China and Africa. The expo, which occurs every two years in Hunan Province, has gained significance as a platform under the Forum on China-Africa Cooperation framework. China currently holds the…

  • Economy News

    Thailand’s tourism rebounds with 11.4 million visitors

    Thailand has experienced a surge in foreign tourist arrivals, with 11.4 million visitors recorded from January to June 11, according to a statement released by the Ministry of Tourism and Sports. This figure has already surpassed the total number of tourists in 2022, which reached 11.15 million. The statement also revealed that tourist spending during this period amounted to 472…

  • Thailand News

    Thai economy set for boost as tourism and domestic consumption surge

    The Thai economy is predicted to experience a boost in the second half of the year, driven by a surge in tourism and domestic consumption, according to the Economic Intelligence Service (EIS) of the Thailand Development Research Institute (TDRI). However, ongoing political instability remains a factor to watch. The EIS forecasts that Chinese tourist arrivals in Thailand will increase by…

  • Economy News

    Highway 12 expansion completed, boosting Thailand-Myanmar-Laos economic ties

    The completion of Highway 12’s expansion, which connects Thailand with Myanmar, and Laos, is expected to significantly enhance cross-border economic activities among the three nations. Government spokesperson Anucha Burapachaisri announced that Prime Minister Prayut Chan-o-cha is optimistic about the economic benefits the highway will bring, particularly to the residents of Kalasin and Mukdahan in northeast Thailand. Highway 12 forms a…

  • Economy News

    Pheu Thai candidate Dr Silp champions cultural diversity for economic revival

    Dr Silp – Silpwichai Noisyamitr, a candidate for the constituency 24 of Khlong San, Thonburi, and Ratchaburana, Bang Pakok, under the Pheu Thai Party, aims to revive the economy with the diverse local culture. Growing up, he was a keen reader of Bangkok’s column in the newspaper, which made him an “active citizen” with a great knowledge of urban development.…

  • Thailand News

    PM announces the distribution of 3,500 baht to help during Covid outbreak

    PM Prayut Chan-o-cha announces the 3,500 Baht distribution to help people financially affected during this second major outbreak of Covid-19, including informal workers, freelancers, and the unemployed. At the same time, the government will also help reduce the cost of living expenses of all households nationwide including electricity and water bills in February and March. Special internet packages will also…

  • Economy News

    Economic think tank says shopping stimulus will only help in the short-term

    The research division of Kasikorn Bank says while the government’s planned shopping stimulus has its advantages, the benefits will only be short-term. The Kasikorn Research Centre points out that the scheme, which it’s hoped will run from October 23 to December 31, will only provide a temporary boost to the economy. The stimulus measure, which is being put to the…

  • Economy News

    Cabinet to approve co-payment of 3,000 baht each for 10 million consumers

    In its latest round of direct economic stimulus, the Thai government is to offer a co-payment of 3,000 baht each to 10 million Thai citizens for a period of 3 months. The scheme is expected to kick off on October 23 and run up the end of the year, with the co-payment subsidising half the cost of purchases, but excluding…

  • Bangkok News

    First airplane food cafe, now Thai Airways opens fried dough stand

    Since not much is happening in the air, Thai Airways is running new business schemes on the ground. For their newest venture, the company opened a deep fried dough street food stand. They say the fried dough with taro custard is an “award winning” recipe. Thai Airways has already opened a pop-up restaurant serving “in flight” food to customers seated…

  • Economy News

    Government approves new stimulus measures for labour market, tourism

    The Centre for Economic Situation Administration has given the go-ahead to a number of new stimulus measures proposed by the Finance Ministry and aimed at the jobs market and the domestic tourism sector. PM Prayut Chan-o-cha yesterday presided over a meeting with Danucha Pichayanan from the National Economic and Social Development Council, where officials approved new measures it’s hoped will…

  • Economy News

    PM says economy is top priority in address to the nation

    Thai PM Prayut Chan-o-cha says reviving the country’s economy is the top priority of his administration. In an address to the nation, he says the current global economic crisis, a fallout of the Covid-19 pandemic, is likely to continue until the end of 2021, with Thailand’s economic performance inevitably connected to that of the rest of the world. He points…

  • Tourism News

    Government to introduce financial incentives to boost domestic tourism

    The Thai government is set to introduce some financial sweeteners to stimulate domestic tourism – essentially paying its citizens to holiday in their own country. A report in Bangkok Biz News, says that from July, Thai nationals will receive a discount of between 40-50% on hotel accommodation within the Kingdom. The scheme, aimed at a domestic kick-start to the country’s…

  • Songkran News

    Thai government ponders nine day Songkran holiday

    With the impact of the coronavirus cutting deep into the Thai tourism industry, and tourism accounting for around 18% of the Thai GDP, the government are eyeing some additional public holidays to boost spending and activity. The Thai PM announced yesterday that the government is considering adding two public holidays to the annual Songkran festival. Songkran, the Thai new year…