economy
- 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…
- 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…
- 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
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…
- 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…
- Thailand News
Thailand News Today | Thai Airways corruption, Southern floods, Border Covid outbreak | Dec 3
Thursday’s edition of Thailand News Today, including the latest in the local cases popping up in Northern Thailand. Thailand’s most watched English language news. 20 more people suspected of being involved in corruption at Thai Airways 20 people are now under suspicion of corruption and mismanagement within Thai Airways as accountants unravel the massive losses for the airline, spanning a…
- 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%…
- 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…
- Thailand News
Finance Minister says Thailand’s GDP will take 2 years to recover
Thailand’s finance minister says the countrys GDP will take 2 years to recover the 9% it has lost since the Covid pandemic ravaged the economy. Arkhom Termpittayapaisith, the Finance Minister, says the economy would have expanded by 3% this year if it weren’t for the pandemic. “The pandemic crisis will make the economy contract by around 6% in 2020, therefore…
- 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…
- Tourism News
Finally! TAT partners with hotels, airlines, to offer travel stimulus package for expats
The Tourism Authority of Thailand is partnering with airlines and over 300 hotels around the country in another domestic tourism stimulus scheme, this time aimed at expats. It’s understood all foreigners and their families, living in the Kingdom, are eligible to avail of the scheme. The “Expat Travel Bonus” offers a 1,000 baht per night discount on hotel accommodation at…
- Thailand News
Overseas investors buy Thai bonds, optimistic that Covid-19 vaccine will revive tourism
With hopes that a Covid-19 vaccine will be the key to open Thailand’s doors back up to international tourism, overseas investors are putting down money into Thailand’s financial market. Thai baht has strengthened by nearly 3% since the end of October, a top performing currency in Asia following the Indonesian rupiah, and it’s expected to strengthen even further over the…
- Phuket News
Phuket’s tourism high season hopes shattered in policy flip-flop
“The time has come that Thailand must gain confidence from international benchmarks.” Thailand’s leading resort island Phuket has come face-to-face with the reality that it’s tourism high-season will not see a marked reopening to overseas travellers. In the wake of the dismantling of the ‘Phuket Model’ and refocus by the government on using Bangkok as a single international gateway, there…
- Pattaya News
Investors see opportunity in Pattaya hotel market
Although travel restrictions are still tight, investors see potential opportunities in Pattaya’s hotel market. Many are reimagining the 2021 market by focusing on domestic demand. Property consultancy JLL says the ongoing Eastern Economic Corridor development comes into play. U-Tapao International Airport in Rayong expanding to increase capacity by 5 million passengers and a high speed rail is in the works…
- World News
Burger King Indonesia urges diners to share the love – by ordering at McDonald’s
The fast food chain Burger King has come in for online praise (and no doubt, some helpful PR) after suggesting its customers in Indonesia should order from other struggling businesses, including rival burger joint, McDonalds. Burger King Indonesia is believed to have followed the example of its UK counterpart, who posted the same suggestion, in a tweet that has since…
- Crime News
3 stores investigated for potential fraud in government co-payment scheme
Officials are investigating 3 businesses for possibly de-frauding the government under the “Let’s Go Halves” stimulus scheme introduced last month. The co-payment plan launched on October 16 in an effort to boost domestic spending. Under the scheme, 10 million citizens can avail of discounts on purchases at participating stores of up to 150 baht a day, capped at 3,000 baht…
- Phuket News
What is the future of Phuket and Samui? VIDEO
Let’s review the last 2 days when the Thai PM and the cabinet cavalcade headed to the southern islands of Phuket and Samui. Did their visit come up with any solutions that could help the islands and their economic crisis? Please watch the video and subscribe to our YouTube Thaiger channel. Thailand’s PM, Prayut Chan-o-cha has just spent the last…
- Economy News
Inequality likely after economic recovery – Bank of Thailand governor
It’s expected to take at least 2 years for Thailand’s economy to recover, but once it does, inequality is likely to become a top concern, according to the Bank of Thailand governor Sethaput Suthiwart-Narueput. “It is expected to take at least two years before the Thai economy returns to its pre-pandemic levels in terms of GDP… Even when the economy…
- South Thailand News
Government to consider rescue packages for tourism businesses in South
The government will hold a mobile Cabinet meeting in Phuket today to consider potential rescue packages for tourism-related businesses that have been ravaged by the closure of international borders. The proposals, which include soft loans for airlines and other businesses, come after PM Prayut Chan-o-cha met with Phuket business representatives and local officials yesterday. The Bangkok Post reports that the…
- Thailand News
Schools advised to improve online learning in case of second Covid-19 outbreak
Thailand schools are told to get ready for a possible second wave of Covid-19 and prepare to for lockdown measures – just in case – to make sure all children have equal access to education. An economist warns that the education gap between rich children in urban areas and poor children in rural areas could widen if schools shut down…
- Economy News
Permanent residency, changes to quarantine period – Government mulls strategies to revive economy
“The government is considering offering permanent residency to those buying condos in the Kingdom.” Energy minister and deputy PM Supattanapong Punmeechaow has outlined a number of strategies the government hopes will help the Thai economy recover from the Covid-19 fallout. Permanent residency for some condo purchases, changes to the mandatory quarantine and incentives for foreign investment are all under discussion.…
- Economy News
“Protests could affect the economy” – Bank of Thailand
The ongoing political protests could have a negative impact on Thailand’s already crippled economy by weakening domestic consumption and tourism even more, according to the Bank of Thailand. The bank’s newly appointed governor Settaput Suthiwart-Narueput, who started this month, says they need to keep a close watch on the situation. “Basically, the political factor is one of the uncertainties… It…
- Visa Information
So, how’s Thailand doing with Covid-19? – OPINION
OPINION by “Issan John” According to some, Thailand’s a leading success story, with minimal deaths and an equally minimal effect on daily life. According to others, it’s fudging the figures and on the brink of economic collapse, and the only solution is to “open the borders”, take a risk with Covid-19, and welcome back the tourists it allegedly relies on…
- Phuket News
Phuket’s annual Vegetarian Festival expected to draw in 350 million baht
WARNING: Graphic photos and video below. After months and months of an economic slowdown induced by the coronavirus pandemic and the lack of tourists, thousands of people are expected to arrive to Phuket over the next 2 weeks to take part in the annual Vegetarian Festival. It’s expected to generate more than 350 million baht, according to the Tourism Authority…
