economy
- 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…
- World News
Malaysia PM imposes nationwide travel ban, lockdown measures due to Covid-19 spike
As the number of Covid-19 cases continues to climb in Malaysia, PM Muhyiddin Yassin imposed a nationwide travel ban and ordered lockdown measures for Kuala Lumpur and 5 other states for the next 14 days. The country’s prime minister says “our healthcare system is at a breaking point.” Malaysia was able to keep the coronavirus at bay during the early…
- 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…
- Business News
Thai Airways delays take off in 2021 | VIDEO
Due to the current outbreak of Covid-19, Thai Airways, Thailand’s flagship airline, is reducing its international flight schedule until at least March 27. A limited schedule of domestic flights are still operating as normal under the airline’s domestic carrier Thai Smile. Thai Airways will reduce international flights to the following destinations: Asia •Hong Kong: One daily return flight – TG638/TG639…
- 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
Deputy PM says relying on tourism is “unacceptable”
Thailand’s deputy PM says that relying too much on tourism is “unacceptable.” In Supattanapong Punmeechaow’s speech, he said that the tourism industry will never be allowed to recover to its previous levels. For years, Amazing Thailand was the nation’s slogan, which brought in $56.2 billion in 2019 alone, but after Covid struck, it is clear that there has been a…
- 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
Thai government plans to amend business, immigration rules, for foreign investors
Foreign investors in Thailand have long decried the onerous, complex, and sometimes downright baffling, bureaucracy that comes with doing business in the Land of Smiles. And it appears officials in Bangkok are finally sitting up and taking notice. Nation Thailand reports that, in an effort to stimulate the ailing economy, the government plans to make some changes to the regulations…
- 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…
- Thailand News
Thailand on US Treasury’s “watchlist” for suspected currency manipulation
Thailand is now on the United States Treasury’s “monitoring list” for suspected currency manipulation, unfair policies to gain an advantage in international trade. Vietnam and Switzerland were both labeled currency manipulators in the US Treasury’s recent report “Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States.” Along with Thailand, the Treasury also added Taiwan and India…
- 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…
- Covid-19 News
Covid overshadows New Year’s plans for many – Dusit poll
As if 2020 wasn’t bad enough, many Thais say ringing in the New Year will be overshadowed by Covid-19 concerns, followed by financial woes and the overall world economy. The Suan Dusit Rajabhat University Poll, asked for opinions on the matter from 1,277 people nationwide on December 4 through December 10, to gauge their New Year’s travel plans. Each respondent…
- Economy News
Thai government urged to support foreign property buyers with additional incentives
The Thailand Development Research Institute is calling on the government to support foreign property investors, by allowing them to bid for residential units. Nonarit Bisonyabut from the TDRI says the measure would be aimed at off-setting a shortfall in local demand. With foreigners usually having higher purchasing power than Thais, he adds that the number of units offered for bidding…
- World News
Air Asia to focus on ASEAN expansion, as CEO expresses cautious optimism for 2021
Air Asia’s chief executive, Tony Fernandes, says the low-cost carrier is planning to expand its presence in Southeast Asia and is in talks to form 3 new airlines. He points out that people still want to travel, and that demand makes him hopeful air travel could be back to its pre-Covid numbers within 6 – 12 months. “At the right…
- Tourism News
4 years until tourism industry gets back to pre-pandemic levels – Finance Ministry
It could take 4 years for Thailand’s tourism industry to recover after being battered by the lack of travel due to the coronavirus pandemic, the government’s reaction and the economic fallout, according to the Finance Ministry. While local and international experts project Thailand’s economy will continue to recover over the next 2 years, the tourism industry, which directly contributes 12-15%…
- Economy News
Economists say new local Covid-19 cases could slow tourism recovery
Some are concerned about a potential second coronavirus outbreak after 10 Thai women tested positive for Covid-19 after returning from Myanmar’s Tachileik district. Some travelled to Bangkok and Chiang Mai after returning. A second wave of infections will stall the recovery of domestic tourism and Thailand’s overall economy that has been battered by the pandemic, according to the National Economic…
- Events
Pattaya firework party lights up the weekend | VIDEO
After much anticipation, the Pattaya Fireworks Festival lit up the sky this past weekend, delighting spectators with beautiful night beachside spectacle. More importantly, it was the first time Pattaya was packed with tourists since March this year, albeit mostly Thai tourists. The event program was packed with long fireworks shows with hotels offering promotions for advanced bookings in an attempt…
- Thailand News
Thailand News Today | Holiday road toll, protests tomorrow, GDP recovery | November 24
There’s been some heavy downpours around sections of Bangkok over the past few days. We start with some video of the flooded streets. Then, into the news… 139 killed, 653 injured, as Thailand’s holiday weekend sees surge in road accidents The Ministry of Transport has confirmed that hundreds of road traffic accidents have taken place over Thailand’s 4 day holiday…
- Tourism News
Phuket sees 300 million baht boost over long holiday weekend
The Tourism Authority of Thailand says that Phuket has received a much-needed 300 million baht boost over the 4 day long weekend with around 54,000 tourists flocking to the island from last Thursday through to yesterday. Phuket Office Director Nanthasiri Ronnasiri, reports that the average expenditure per visitor was about 5,500 baht, which was higher than the average spend for…
- Economy News
Chief ASEAN economist says protests not helping Thailand’s weak economy recover
Chief ASEAN economist of Nomura, Euben Paracuelles, says Thailand’s current protests are not helping Thailand’s weak economy recover. In fact, Pracuelles says Thailand’s economy is the weakest and slowest in the region, noting that it is in “pretty bad shape”. He further says that the last thing the kingdom needs is something to weaken its recovery and that the current…
