budget
- Economy News
Fiscal budget deficits risks Thai economy, chief economist warns
Kiatnakin Phatra Securities’ chief economist issued a stark warning over the government’s increasing reliance on fiscal budget deficits, cautioning that such an approach could harm the economy over an extended period. Pipat Luengnaruemitchai openly criticised the government’s latest populist strategies, including a digital money initiative and reduced oil costs, stating that these measures could erode fiscal discipline. He further warned…
- Business News
Economic data in China sees Asian stocks surge, Thai shares dip
Asian stocks experienced a significant surge yesterday, a continuation of the global equity rally, following encouraging Chinese economic data that sparked optimism about the imminent culmination of major central banks’ tightening initiatives. Despite the overall momentum, Thai stocks saw a slight dip of 0.3% from the prior week, closing at 1,542.03 on Friday, with an average daily turnover of 46.97…
- Thailand News
Elderly allowance scheme raises financial accessibility concerns in Thailand
In a bid to ease the strain on government finances, a transition from universal welfare payments to a stringent elderly allowance scheme has been initiated. This shift has been met with substantiated criticism, although the authorities maintain the necessity of the move, justifying it as a responsive adaptation to cope with Thailand’s rapidly ageing populace. In yesterday’s internal meeting of…
- Thailand News
Pattaya sets 1.9 billion baht budget aiming to revitalise tourism and local economy
Emphasising tourism and local economy stimulation, the city of Pattaya has delineated its budget allocation for the upcoming fiscal year. Paramet Ngampichet, the Mayor of Pattaya City, announced the conclusion with the budget set to be effective from October 1. In a recent meeting participated in by municipality executives, councillors, and local government entities, a resources allotment of 1.9 billion…
- Business News
Thailand boosts tourism budget to 5 billion baht
The Tourism Authority of Thailand (TAT) announced its plans for the fiscal year 2024, with a focus on growing off-peak customers, increasing spending per trip by 7%, and distributing income to a wider range of destinations. The budget for these initiatives is set at 5 billion baht, a significant increase from the 3.25 billion baht allocated for fiscal 2023. TAT Governor…
- Economy News
Thai coalition parties propose zero-based budgeting for efficiency
The implementation of zero-based budgeting (ZBB) has been proposed by the Move Forward Party (MFP) as part of a 23-point memorandum of understanding signed by eight political parties seeking to form a new coalition government. The MFP argues that the current budgeting system fails to address the public’s needs due to bureaucratic hurdles. ZBB requires state officials to justify expenses…
- Politics News
Urgent call for new govt: Thai Chamber of Commerce stresses budget allocation continuity
The Thai Chamber of Commerce emphasised the urgency of forming a new government to ensure the continuity of budget allocation, following discussions with Pita Limjaroenrat, leader of the Move Forward Party (MFP), and other party executives. Sanan Angubolkul, the chamber’s chairman, highlighted the need to address issues such as costly electricity bills, wages, ease of doing business, and legal reforms…
- Business News
Economist warns of panic as new Thai government risks fiscal sustainability
Concerns about fiscal sustainability have been raised by Kiatnakin Phatra Securities (KKP), as the new government‘s potential “addiction to budget deficits” may cause panic in the stock market. KKP’s chief economist, Pipat Luengnaruemitchai, expressed his apprehensions regarding the country’s fiscal outlook if excessive expenditure is allocated by politicians and the government without a clear financing plan. As Thailand prepares for…
- Bangkok News
Bangkok voted No.3 top destination for backpackers 2023
Thailand‘s capital Bangkok sits among the top destinations for backpackers in 2023, according to UK retail company Cotswold Outdoor. Bangkok is a backpacker’s dream with cheap accommodation, delicious street food for a bargain, inexpensive beers, free activities, and a variety of public transport systems. While Thailand offers plenty of luxury travel options, it’s easy to have a blast in Bangkok…
- Thailand Hotels
Discover Thailand’s best budget friendly accommodation
Are you planning a trip to Thailand but worried about your budget? Don’t fret! Thailand offers a plethora of budget-friendly accommodation options that don’t compromise on comfort and convenience. From the bustling city of Bangkok to the pristine beaches of Krabi and Phuket, there’s something for everyone. In this article, we’ll introduce you to the top 5 budget-friendly hotels in…
- Travel
Things to do in Bangkok that cost next to nothing (2022)
Wondering where to go in Bangkok with a small budget? Then this article is for you! Here, we’ve compiled the best Bangkok attractions that cost little to nothing for tourists. From outdoor markets and parks to indoor, themed shopping malls, tourists will love this list of budget-friendly Bangkok attractions! 1. Talad Rod Fai (Srinagarindra Train Night Market) Address: 51 Srinagarindra…
- Hot News
Nok Air cancels Nakhon Ratchasima-Chiang Mai flight routes
After just two months of operations, Thailand’s budget airline, Nok Air, is cancelling its flights from Nakhon Ratchasima to Chiang Mai province. The last flight took off yesterday morning with only 10 passengers on board. The move comes after the twice-weekly route saw low passenger numbers. The Bombardier Q400 turboprop aircraft that was used for the routes could carry up…
- Travel
Travel Tips: Top low-cost airlines for Thailand 2022
Thailand is an ideal country to travel to on a budget, especially when it comes to booking flights. Slightly larger than Spain, flying cross this tropical country is a breeze, ensuring short flights and cheap prices. Meanwhile, Thailand’s central location makes it the perfect launching pad for exploring Southeast Asia, with neighbouring Laos, Cambodia and Vietnam to the east and…
- Travel
Travel Tips: Top low-cost airlines for Thailand 2022
Thailand is an ideal country to travel to on a budget, especially when it comes to booking flights. Slightly larger than Spain, flying cross this tropical country is a breeze, ensuring short flights and cheap prices. Meanwhile, Thailand’s central location makes it the perfect launching pad for exploring Southeast Asia, with neighbouring Laos, Cambodia and Vietnam to the east and…
- Things To Do
Best of Bangkok attractions that cost next to nothing
If you are looking for cheap things to do in Bangkok, you can look no further. Here, we have the best of Bangkok attractions that cost little to nothing for tourists. From outdoor markets and parks to indoor, themed shopping malls, tourists will love this list of budget-friendly Bangkok attractions! Top Bangkok Attractions To See For Next To Nothing 1.…
- Thailand Travel
A backpacker’s travel guide to visiting Thailand on a budget
Backpackers love trekking throughout the amazing Kingdom of Thailand. Thus, its ancient cities, local markets, exclusive hill, and a plethora of natural attractions are a dream for most travellers. However, along with backpacking, is the desire to spend as little as possible. Here, we have the best places to visit on a budget, which offer a great experience while remaining…
- Expats
Aging American expat “living the dream” in Phuket on US $2,500 a month
An American says he is living the dream in paradise in Phuket for only US$2,500 a month. 70 year old Pete Bowen arrived in Thailand back in 2009 with only a suitcase and guitar after self-admittedly making an impulsive decision to sell his house and belongings and move across the world to look for a place in which he could…
- Tourism News
Dinner cruise in Bangkok on the Chao Phraya for only 650 baht | VIDEO
Imagine a romantic cruise on the Chao Phraya River in Bangkok. Or maybe just the finish to a long day of sight-seeing around the Thai city. Cruises on the Chao Phraya, looking back at the city of lights from the famous river is about as good as it gets. Some of the cruises can be quite expensive, although altogether worth…
- Food
The Great Convenience Store Gourmet Challenge l Chef Belinda Tuckwell
The Thaiger caught up with some great local chefs to see what they could put together after 5 minutes in a convenient store with 1,000 baht budget. Not only did they come up with some surprising ideas, they tasted DELICIOUS! Join Tim Newton as he learns more about the chefs, their inspirations and how they ended up in Thailand. Our…
- Transport News
The Phuket ‘light rail’ may end up being an electric bus instead
The Phuket mass rapid transport system, aka. Phuket Light Rail and Phuket Tram, is receiving more attention as the Mass Rapid Transit Authority of Thailand mull more changes to the design. The initial route, which would run from the Phuket Airport, follow the main north/south artery, Thepkasattri Road, then through Phuket Town and on to Chalong circle, has a projected…
- World News
Malaysian PM proposes a state of emergency in a political move to postpone budget vote
Malaysia’s head of state is said to be consulting with the country’s other hereditary rulers to discuss a proposal by Malaysian PM Muhyiddin Yassin, who has requested that the King declare a state of emergency. The Star newspaper is reporting that the country’s rulers would meet at 2.30pm tomorrow, after which the king will deliver a decision to the PM. Muhyiddin…
- Thailand video news
Thailand News Today | Prison release?, Pattaya Makeover, 6 new Covid cases | October 2
Justice Minister proposes releasing chronically ill inmates to reduce prison overcrowding In an effort to reduce overcrowding in Thailand prisons, the Justice Ministry is looking into allowing chronically ill inmates to be released on a royal pardon. There’s also talk of shortening sentences for those incarcerated on drug charges. Overcrowding has been a problem at Thailand’s prisons, especially now more…
- Thailand News
Phuket residents going hungry after local government assistance runs out
Residents in Phuket, particularly those living in and around the west coast townships, are reportedly going hungry as the government’s municipal budget to provide food has been depleted. Despite efforts to revive tourism in the area, thousands of people are still in need of donated food to survive and continue to queue up for donated food every day. A public…
- Economy News
New lease on life for 7 of Thailand’s budget airlines
PM Prayut Chan-o-cha today threw a lifeline to 7 of Thailands’ domestic low-cost airlines, beginning with the injection of 24 billion baht in soft loans for the struggling aviation sector, battered by the Covid-19 pandemic. Representatives of Thai Air Asia, its long haul division Thai Air Asia X, Thai Smile, Thai Lion Air, Thai Viet Jet, Bangkok Airways and Nok…
- Politics News
Thai Army wants to purchase 1.35 billion baht replacement VIP plane
With most of the country’s fleets of commercial jets grounded due to the bans on international travel and limited domestic flights, the Thai Army says they’re planning to buy a new aircraft for “general use”. The plane is reported to be a Gulfstream 500 private jet valued at 1.35 billion baht. The plane would be bought under the 2021 fiscal…
- Covid-19 News
Navy delays sub purchases as it slashes budget by a third
All ministries in the Thai government have been instructed to contribute 10% of their 2020 budgets to the fight against Covid-19. Last week the Royal Thai Army announced it would also delay most of its purchases of new military hardware until the situation improves. A spokesman says that The Royal Thai Navy has gone further and will cut 33%, or…
- Covid-19 News
Up to 10 million Thais out of work in next three months – CCSA
As many as 10 million Thais could be out of work in the next few months if the current Covid-19 epidemic drags on. Supant Mongkolsuthee, the president of the Federation of Thai IndustriesGovernment, says the Thai government needs to provide timely support for businesses. As head of the Centre for Covid-19 Situation Administration’s working committee, tasked with overseeing small and…
- Economy News
The almighty baht set to fall further despite rate cuts, stimulus
A lot has changed for the baht. It was only months ago that The Bank of Thailand considered drastic measures to rein in the rambunctious baht, whose massive gains in currency markets made it the darling of speculators. In December Kasikorn Bank released a report outlining reasons the baht “will remain strong into 2020.” The bank’s research arm forecast the…
- Politics News
Opposition hits out at government’s military spending in 2020 budget
PHOTO: Reuters | The Business Times The opposition is accusing the government of being more concerned with military arms than the daily struggles of Thai citizens. During a debate in Parliament on the budget bill, the government was accused of caring more about the growth in military spending than citizens’ financial woes. The opposition levied the attack after PM General…
- Environment News
Greening Bangkok: 100,000 new trees for the city costing 30 million baht
The Bangkok Metropolitan Administration is planning to spend 30 million baht in planting 100,000 trees this year to increase Bangkok’s green space. The first batch of 50,000 trees requiring 5 million baht would be planted at public parks and state offices. The second batch of 50,000 trees requiring 25 million baht would be planted by 50 district offices on land…
