economy
- Economy News
Thai baht performs worst of all Southeast Asian currencies
Among common currencies in Southeast Asia, the Thai baht was the worst performing in the first quarter of 2021, mostly due to Covid-19’s effect on tourism in Thailand. This week the baht hit its lowest point in half a year, falling 4% against the US dollar to 31.24. The decline was the sharpest in all of the Southeast Asian nations.…
- Economy News
Thai government plans to draw in rich foreigners to live in Thailand
Say goodbye to the backpacker lifestyle of travelling through Thailand on a shoestring budget. The Thai government plans to lure rich, high spending foreigners with plans underway to reopen the country to foreign visitors. The government plans to draw in at least 1 million high spending tourists – rich retirees who want to settle in Thailand and potential investors interested…
- Visa Information
Tourists in Thailand can apply for another 60 day extension, allowing a stay until July 27
Thailand’s Immigration Bureau is allowing visa extensions for tourists who have been in stuck in Thailand since 2020 due to the Covid-19 pandemic. The Royal Thai Immigration Bureau announced the news through an urgent public memo yesterday. The previous order allowed those foreigners to apply for an extension until the end of March, but now they can apply for another extension…
- Economy News
Thai Chamber of Commerce calls for vaccine delivery to be speeded up
The chairman of the Thai Chamber of Commerce says officials hope to reinvigorate the economy within 99 days, through a “Connect the Dots” policy. Sanan Angubolkul adds that the distribution of Covid-19 vaccines must be speeded up if the economy is to recover in that timeframe. “Thailand is slow in distributing vaccines. This will result in a slow economic recovery.”…
- Phuket News
Tour bus operators in Phuket call for government help after a year of no work
Tour bus operators on the southern island of Phuket are calling for government assistance as they face ongoing legal action over missed lease payments on their equipment. Some operators say the threat of bankruptcy looms over them after a year of unemployment. The Covid-19 pandemic has wreaked havoc with tourism on Phuket, but tour bus operators say they have never…
- Thailand News
Thailand’s PM speeds up stimulus measures to boost domestic spending
Thailand’s PM is speeding up economic stimulus measures to continue the effort to boost domestic spending throughout the year. In a meeting yesterday, PM Prayut Chan-o-cha told the Finance Ministry to push forward the rollout of the 3rd phase’ co-payment scheme, financial relief scheme and the Section 33 We Love Each Other programme. Deputy PM Supattanapong Punmeechaow, noted that the…
- Thailand News
Soi Cowboy bar owner says the business has survived the pandemic, but revenue has fallen by 70%
Bangkok’s notorious red light district Soi Cowboy has survived the pandemic, but barely. An owner of a bar along the street said the business is only earning enough to cover operating costs. Bars and nightclubs were hit hard by disease control restrictions with the government banning alcohol, shutting down the venues and limiting operating hours during peaks in the pandemic.…
- Business News
Civil Aviation Authority to consider airlines’ requests to ease some Covid measures
The Civil Aviation Authority of Thailand has singled out 8 Thai airlines it still has faith in and believes will stay afloat. The CAAT says that without the Covid-19 crisis, none of the carriers risked going bankrupt and the tough financial situation they find themselves in is solely due to the pandemic. The Bangkok Post reports that the 8 airlines,…
- Economy News
Finance Minister says vaccination rollout will drive economic recovery
Thailand’s Finance Minister is pinning his hopes on the rollout of Covid-19 vaccines to kick-start the decimated economy. Arkhom Termpittayapaisith says the economy should begin to recover in the last quarter of the year, saying the government’s vaccination drive will boost the public’s confidence, leading to more domestic travel. The minister adds that he experienced no problems after receiving the…
- Economy News
Economic think-tank says the future of tourism in Thailand hangs on vaccination
The research division of Thailand’s Kasikorn Bank says everything hangs on vaccination strategies, both here and abroad. Kevalin Wangpichayasuk from the Kasikorn Research Centre says the rollout of Covid-19 vaccines globally will have a significant impact on the recovery of tourism in the Kingdom, with 2 million foreign tourists expected to arrive in the last quarter of the year. However,…
- Business News
Slow return of foreign tourism makes more redundancies inevitable – Airlines Association of Thailand
The president of the Airlines Association of Thailand says further layoffs in the sector are inevitable, due to the slow return of international tourism. In a Bangkok Post report, Puttipong Prasarttong-Osoth says the sluggish revival of foreign tourism, now not expected until the last quarter of the year, means all carriers continue to face financial hardship. And while there was…
- Thailand News
Cannabis could generate 8 billion baht for Thai pharmaceutical industry by 2025, expert says
Cannabis could become a major cash crop in Thailand. An expert says the cannabis-based medicinal products could generate up to 8 billion baht for the Thai pharmaceutical industry by 2025. Medical cannabis has been legal in Thailand for the past couple years, but recently the government agreed to allow parts of the plant with very, low traces of the “high-inducing”…
- Economy News
Thailand’s passenger car sales drop by over 44% year-on-year
Thailand’s domestic car sales dropped by over 21% last month, with passenger car sales plummeting by over 44% year-on-year. The Bangkok Post reports that the resurgence of the Covid-19 virus late last year has affected consumer confidence and buying power. The sale of commercial vehicles is also down by 5.4% year-on-year. Surasak Suthongwan from Toyota Motor Thailand, says people are…
- Thailand News
Thai PM walkout, easing of covid restrictions | February 19
Thailand News Today Police have arrested a man in Samut Prakan, southeast of central Bangkok, for allegedly possessing war weapons and attempting to sell assault rifles online through Instagram. The “dewaffen” Instagram page for “Oz John Woo” has an eclectic combination of cat photos and gun photos. The bio says “military support/ small arms import/export service. Life is limited, please…
- Economy News
Thai industry leaders warn economy on brink of collapse
Thai industry leaders are warning that if tourists don’t return soon, the economy will soon collapse with daunting consequences. And, as the Covid-19 vaccination programme is slow to take off, the window is closing for this year to make any kind of substantial recovery through reopening the country. Just this week, an opposition MP drew the government’s attention to the…
- Thailand News
Thailand News Today | PM parliamentary rebuke, ‘OnlyFans’ Covid alternative | February 17
Thai airlines and hotels say that the tourism crisis in the year ahead is set to dwarf last year’s in terms of its impact, a lack of customers, and an absence of government aid. Asia Aviation, the largest shareholder in Thai AirAsia, is warning that when international tourism eventually does resume, there may not be enough suppliers to meet demand…
- 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…
