economic

  • Thailand

    Thailand sets sights on “wealthy foreign tourists” to recover economy

    The Tourism Authority of Thailand, or TAT, is again going to target “wealthy group of tourists” as it works out its marketing plan as it contributes to the recovery the Thai economy following a 2 year hiatus due to closed borders and restrictions. The TAT claims that, focussing on the “rich groups”, 1.93 trillion baht will be generated in 2024…

  • Politics

    Diplomatic spat between China and Australia, Chinese suspend economic dialogue

    A diplomatic spat between China and Australia has the Communist State suspending all economic dialogue “indefinitely” between the 2 countries as of today. A statement by China’s National Development and Reform Commission detailed some of the reasoning behind the move, which is under the China-Australia Strategic Economic Dialogue. “Recently, some Australian Commonwealth Government officials launched a series of measures to…

  • Thailand

    Myanmar cancels Thai investment in the Dawei Special Economic Zone

    The Dawei Special Economic Zone Management Committee has announced the cancellation on the deep seaport project contract with Italian-Thai Development (ITD), one of Thailand’s leading industrial firms, by saying that they “lost confidence” in the company after long, controversial issues. The Dawei Special Economic Zone Management Committee said that the Thai company has caused them “repeated delays, continuing breaches of…

  • Thailand

    PM Prayut speaks about the new Cabinet and tackling social and economic issues

    Yesterday, Thai PM Prayut Chan-o-cha delivered a speech about the new Cabinet and discussed social and economic concerns to drive Thailand forward during the ongoing Covid-19 crisis. He said that there are 5 key job guidelines to be followed in the service of the citizens of Thailand… • Keep providing short-term financial relief for the people, with particular attention to…

  • Politics

    Cabinet reshuffle coming as 4 economic ministers resign

    PM Prayut Chan-o-cha says he’ll reshuffle the Cabinet following the resignations of 4 economic ministers from the ruling Palang Pracharat Party. The finance minister, energy minister, the minister of higher education, science, research and innovation and the deputy secretary-general to the PM and secretary to the Council of Economic Ministers held a joint press conference to announce their resignations. Political…

  • Coronavirus (Covid-19)

    Thailand’s eastern economic zone lobbies for increase in foreign business visitors

    Thailand’s Eastern Economic Corridor is pushing for more foreign business people to be allowed to enter Thailand when the country reopens for international visitors. No date has yet been confirmed for this. The EEC is a special economic region consisting of the eastern provinces of Chonburi, Chachoengsao, and Rayong, with the purpose of developing these provinces into an important ASEAN…

  • World

    UK relaxes lockdown measures as it gears up for reopening date

    As the full reopening of pubs and restaurants is inching closer to its July 4 date, UK is starting to relax some lockdown measures. British PM Boris Johnson is expected to announce the changes tomorrow with more economic assistance announcements to come early next month by the chancellor. The notion’s pub industry is also rooting for a relaxation of social-distancing measures…

  • Transport

    Highway number 7 from Pattaya to Map Ta Phut opens this Friday

    According to the Thai Highways Department, the long awaited extended section of the Motorway Number 7 from Pattaya to Map Ta Phut will open up this Friday and will be accessible free of charge to users until the end of August. The Director General of the Highways Department informed the media this morning. “From May 22 the public can use…

  • Coronavirus (Covid-19)

    Global aviation in acute crisis

    by Andrew J Wood “…by the end of May 2020 most airlines in the world will be bankrupt.” Global aviation has been battered and commercial scheduled air traffic remains mostly grounded as countries enforce their lockdowns and travel restrictions. There are few signs that the end is in sight. For the largest of carriers like IAG (British Airways), United, American…

  • Coronavirus (Covid-19)

    Thailand’s top 20 wealthiest ready to help in time of crisis

    After PM Prayut-cha-0-cha sent an open letter to the county’s 20 wealthiest people seeking advice to help lift Thailand out of the Covid-19 pandemic (read more HERE), today Thailand’s top business leaders said they’re ready to help the government ease the crunch of the coronavirus crisis, and will offered their ideas to lift the country out of its economic dilemma.…

  • Coronavirus (Covid-19)

    PM Prayut seeks ideas and resources from Thailand’s top 20 richest people

    Last night in a special 10 minute broadcast on national TV PM Prayut Chan-o-cha announced that he will write an open letter to Thailand’s top 20 richest people to seek their assistance and help for the government and Thai citizens in the fight against the Covid-19 pandemic. He explained that he’s doing it to gather their input and ideas to…

  • Coronavirus (Covid-19)

    South Asia risks becoming the next epicentre for Covid-19 pandemic

    The World Bank has announced that South Asia is advancing towards its worst economic performance in 40 years. With decades of progressing in the battle against poverty, now the nations are facing problems that could bring poverty back to the front doorsteps of South Asia countries – India, Pakistan, Afghanistan, Nepal, Bhutan, Maldives, Sri Lanka and Bangladesh. India, Pakistan, Afghanistan…