economy
- Krabi News
Krabi mayor hopeful tourism crisis will be over soon
As is the case in many popular tourist spots in Thailand, the economy in the southern province of Krabi has been decimated due to Covid-19. Nation Thailand reports that tourist numbers in Krabi have fallen sharply, from a yearly average of 6 million to just 1.5 million last year. Revenue from tourism has plummeted from around 120 billion baht to…
- Transport News
Taxis and tuk tuks ask Thai government for help
Unions of Thai Taxi workers and Thai automobile drivers have handed over an official request to a government labour committee to file a request to the government seeking financial support. Thai Taxi workers passed over their requests to Suthep Yoo-on, the chairman of the Labour Committee officially seeking industry support. Just about all sectors of the country’s transport infrastructure have…
- Business News
Scrub away Pattaya’s restrictions with a Walking Street wash-a-thon
Without much other good news on the horizon, Pattaya officials have celebrated almost two weeks of no new Covid-19 infections with a celebratory ‘wash down’ of Walking Street. The ritual ‘wetting’, in the Songkran tradition, was seen as a new beginning, washing away the bad spirits and the bad times that had fallen on the once-busy red light district. Sonthaya…
- Thailand News
Ask The Thais | Road deaths, dating foreigners, and is ‘farang’ racist?
Ask The Thais” is a new segment on The Thaiger where we ask some of our Thai staff to explain some of the unusual and sometimes inexplicable little nuances of Thai culture. You have a question? Send it in and we’ll get our MUCH BETTER LOOKING Thai staff to explain, from a Thai youth perspective, some of their culture and…
- Visa Information
Thailand Retirement and Digital Nomads – Missed visa opportunities | VIDEO
Two visas Thailand should be promoting right now! If there were two more groups, more perfect suited for the Thai lifestyle, I don’t know what they are. Thailand’s immigration laws for long-stays have always been a challenge, retirement is just one of those categories. It would seem like a perfect win win situation to invite people to come and live…
- Thailand News
Thailand News Today | Survey shows a third of tourism businesses are broke or shut down | January 25
For those who need to extend their tourist visa, the Thai Immigration Bureau is asking that applicants make an appointment online to reserve their spot. The bureau says the online appointments will help with preventing the spread of Covid-19 by reducing overcrowding and making sure people abide by social distancing practices. And you thought it was about increasing efficiency. Applicants…
- Thailand News
1.5 million Thais approaching poverty line
A new report by the World Bank has indicated that 1.5 million Thais are approaching the poverty line after Covid-19 ravaged the tourism-dependent economy. In 2020, the report says the poverty ratio in Thailand increased to 8.8%, compared with 2019’s figure of 6.2%. The report is troubling as the Thai economy already passed rock bottom in the 2nd quarter of…
- Tourism News
Pattaya cleaning up its Walking Street act in time for Chinese New Year
Pattaya City is planning to clean up its Walking Street act in time for the upcoming Chinese New Year. But, as the second wave of Covid-19 mostly destroyed what was left of any foreign or domestic tourism, it might all be in vain. Thousands of businesses remain closed due to Chon Buri province being a “highly controlled” Covid-19 zone, which effectively…
- Thailand News
Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19
Confusion reigns today over if Covid-19 tests will be required for visa extensions. While Phuket News spoke with an immigration official who said “no… you don’t need a Covid-19 test to extend your visa or apply for a work permit”, Khaosod English wrote an article headlined “Covid-19 test will be mandatory for all visa extension”. The Thaiger also contacted a…
- Thailand News
Government launches suicide prevention committee to help suffering citizens
A suicide prevention team is being created to help those in despair, says Health Minister, Anutin Charnvirakul, who will chair the committee. The ministries of Social Development and Human Security, Education, and Justice, as well as several other government bodies, will all play a role in the committee’s work. Anutin says the committee will work to ensure people are aware…
- Thailand News
Tower Of Babble – Have your say on The Thaiger| VIDEO
Tower of Babble is where we read some of your comments to The Thaiger YouTube videos. Some are insightful, some are interesting, some need to be shared! And some are just plain funny. If you leave a comment under any of our videos it may be shared on our Tower of Babble each day.
- Tourism News
Thailand ranks 4th in the world for highest loss of tourism revenue – Official ESTA
The following article was submitted by a public relations company representing Official ESTA, a visa application and assistance processing firm. Thailand has one of the highest loss of tourism revenue in the world with a loss of $37,504 million USD. The country ranks fourth on a list complied by the company Official ESTA intended to show the financial impact the Covid-19…
- Covid-19 News
US jobs market stumbles back into decline
The labour market for the world’s largest economy is heading back into reverse mode after slowly chugging back into gear over the past 8 months, following the March stock crash and initial impacts of the US state lockdown measures.. The December report was the first drop since April figures, providing the strongest evidence of the impact of the huge number…
- Pattaya News
Chon Buri governor urged to order hotels to close so staff can collect social security
The Eastern Hotel Association is urging the governor of Chon Buri to order all hotels in the province to close, so that staff can be eligible for social security payments. Prien Sae Ku, president of the EHA, says that as the province is currently considered “high risk” and people from other provinces are unable to enter without just cause, hotels…
- Thailand News
Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8
Thousands of residents in Songkhla, Yala and Narathiwat, in the very south of Thailand, have been evacuated from their homes due to flash flooding from nearly a week of almost continuous heavy rain. Local authorities say a total of 18,024 households across 19 districts have been impacted. In Yala, the Sai Buri River has burst its banks, flooding homes and…
- Business News
Thai Air Asia says new Covid outbreak has destroyed business
The executive chairman of Asia Aviation, the largest shareholder in Thai Air Asia, says the Covid-19 resurgence has “destroyed the low-cost carrier”. Tassapon Bijleveld says that, even without a national lockdown, bookings have plummeted. “Travel sentiment has plunged lower than last year. This is different this time because people are voluntarily skipping their travel plans even without a nationwide lockdown…
- Economy News
Struggling massage parlours petition government for financial assistance
Representatives of Thailand’s spa and massage parlour industry are pleading with the government to provide some form of tailored financial aid to offset the impact of Covid-19. Yesterday, the Charawi Association for the Conservation of Thai Massage submitted a letter to PM Prayut Chan-o-cha, who also chairs the government’s Covid-19 task force. In it, they call on his administration to…
- Covid-19 News
Thai PM pledges financial assistance for workers affected by Covid-19 restrictions
“We’ll find the money.” This is the promise from PM Prayut Chan-o-cha, who’s instructing the Ministry of Finance and other relevant agencies to come up with measures to help workers who have been affected by the Covid-19 resurgence. The PM has pledged economic assistance for those who have lost their jobs, are currently being furloughed, or whose businesses have had…
- Covid-19 News
A year of COVID – from Wuhan to World Pandemic | VIDEO
12 months ago the news of a mysterious respiratory illness started to emerge from hospitals in the central Chinese province of Hubei. Chinese health authorities said they were investigating a small cluster of pneumonia-like cases with an unknown cause linked to a seafood market in Wuhan. Those early days have given rise to any number of conspiracy theories that the…
- Thailand News
Majority of Thais think economy will get worse – NIDA Poll
A recent poll has indicated that a majority of Thai respondents think that the economy will get worse this year, along with a continued unrest surrounding the political landscape. The survey by the National Institute of Development Administration was conducted December 24-25 on 1,326 people, aged 18 and over of various levels of education and occupations nationwide by random sampling…
- Thailand News
2020’s movers, shakers and influences (that weren’t Covid) | VIDEO
2020 The big events, the winners and the losers 2020 has been one of the most disruptive years in history, certainly for anyone that has lived since the great depression and the world wars. But although Covid-19 has been the big headline for the year, there has still been highlights and big news in all fields. Some of these big…
- Economy News
Covid-19 resurgence, weak labour market, threats to economic recovery – Bank of Thailand
A director at the Bank of Thailand’s economic and policy department says the resurgence in Covid-19, coupled with a fragile labour market, poses a threat to the country’s economic recovery. Chayawadee Chai-Anant says the reintroduction of strict lockdowns in many other countries also poses a risk. She says the full impact will depend on the rate of new infections in…
- Economy News
Gold sales go up as Thais sell jewelry to pay for routine expenses
With job losses and pay cuts brought on by the pandemic, many Thais are lining up to sell their gold to bring in some cash, like 22 year old Suvirat Namvicha, an office worker in Bangkok who had her overtime expenses cut. Survirat, who is also pregnant, says she needed to sell a gold necklace to pay for her medical bills.…
- Visa Information
Welcome to 2021 – Digital Covid Passports | VIDEO
Documentation, including your current Covid status and vaccination details, will become 2021’s biggest challenge as governments, businesses, and the travel industry try and re-establish some sort of workable way forward. Several companies and technology groups are developing smartphone apps or systems for individuals to upload details of their Covid-19 tests and vaccinations, creating digital credentials that could be shown in…
- Economy News
Economy to lose billions of baht from Covid-19 lockdown – Kasikorn Research Centre
The economy will lose billions of baht following the Covid-19 outbreak in Samut Sakhon, just southwest of Bangkok, according to Kasikorn Research Centre. Shutting down the seafood industry in the province, calling off New Year parties in Bangkok and trips being cancelled due to virus fears will cost the economy a total of at least 45 billion baht over the…
- Thailand News
Thailand News Today | 800+ cases in Samut Sakhon, Countries block UK travel | Dec 21
Back in Bangkok for this week’s Thailand News Today, wondering if we’re going to be locked down again? All the latest news at thethaiger.com More than 800 Covid-19 cases now linked to seafood market More than 800 Covid-19 cases are now linked to the Samut Sakhon province seafood market outbreak. Up to the weekend the largest number of cases reported…
- Economy News
Deputy PM says pandemic exposed problems in Thai economy, time to improve
As the Covid-19 pandemic hit economies all over the world with business closures and travel bans, issues with Thailand’s economy were exposed, according to Deputy PM Supattanapong Punmeechaow. The country cannot go back to the way it was before the global outbreak, he says. Thailand’s large tourism industry was battered by the lack of foreign visitors. Small and medium businesses…
- Thailand News
Bank of Thailand says being on US currency “watchlist” won’t have a “material impact”
Thailand being added to the United States Treasury’s “watchlist” for suspected currency manipulation won’t impact foreign trade and investment too much, the Bank of Thailand says. Now that Thailand is on the “monitoring list,” US government says it will keep “close attention” on the country’s currency practices to determine if any measures are intended to gain an unfair advantage in…
- Economy News
Ministry investigating multiple cases of corruption in government’s co-payment scheme
The government’s “Let’s Go Halves” (Khon La Khrueng) co-payment stimulus campaign has fallen foul of 100s of incidents of fraud, according to the Finance Ministry. Under the scheme, the government subsidises 50% of the cost of food, drink, and other products, up to a maximum of 150 baht per person per day, capped at 3,000 baht per person for the…
- Economy News
Covid-19 cases could lead to a drop in revenue for New Years, economist says
A rise in local Covid-19 infections could discourage many people from travelling and going out for New Years celebrations, costing Thailand’s tourism industry 14 billion baht to more than 16 billion baht, according to economist Anusorn Tamajai. Recently, 17 Thais tested positive for Covid-19 after returning from the Myanmar border town Tachileik, crossing the border illegally and dodging the mandatory…
