Thai economy slows in May on weaker tourism, production, central bank says
By Reuters and published by CNA THAILAND’S economy in May softened from the previous month following a slowdown in the tourism sector and a decline in manufacturing production, which offset the surge in exports, the central bank said on Monday (June 30). The tourism sector in May saw a decline in both revenue and […]
Read MoreThai May exports jump 18.4% y/y, well above forecast
By Reuters and published by CNA THAILAND’S customs-cleared exports jumped 18.4 percent in May from a year earlier, the commerce ministry said on Wednesday (June 18), beating analysts’ expectations. The reading compared with a forecast 6.7 percent year-on-year increase for May in a Reuters poll, and followed April’s 10.2 percent rise. In the first […]
Read More10-year tourist visa, 99-year govt land lease planned to spur economy
DEPUTY PRIME Minister/Finance Minister Pichai Chunhavajira said he is going to propose that 10-year tourist visa be issued to enable foreigners to easily work in Thailand alongside 99-year lease of government land as part of measures to spur the economy, Naewna newspaper said late afternoon today (May 18). In a speech on “Thailand’s Capital […]
Read MorePM tells reporters to go ask dad about new court move
PRIME MINISTER Paetongtarn Shinawatra this evening (Apr. 30) told reporters to go ask her father/de facto Pheu Thai boss Thaksin Shinawatra about the Supreme Court announcing it is on its own assessing whether he had served a one-year jail term soon after dismissing a repeated lawsuit filed by a former lawmaker on this issue, […]
Read MoreFormer finance minister warns against borrowing 500bn baht to stimulate the economy
AMID a move to borrow 500 billion baht to stimulate the economy in face of US tariff crisis, a former finance minister warned the government to stop selling dreams of turning a crisis into an opportunity, Naewna newspaper said today (Apr. 29). Mr. Thirachai Phuvanatnaranubala, former finance minister and deputy leader of Palang Pracharath […]
Read MoreAnalysis-Trump tariffs pile stress on ailing world economy
By Reuters and published by Yahoo!News London/Tokyo –The latest round of US trade tariffs unveiled on Wednesday (Apr. 2) will sap yet more vigour from a world economy barely recovered from the post-pandemic inflation surge, weighed down by record debt and unnerved by geopolitical strife. Depending on how President Donald Trump and leaders of […]
Read MoreQuake has short-term impact on economy: Julapun
DEPUTY Finance Minister Julapun Amornvivat said today (April 1) while Friday’s earthquake at Mandalay, Myanmar, with severe tremors felt in Thailand is unlikely to affect the Thai economy in the medium- to long-term there will be an impact in the short term, especially the property market, TV Channel 7 said today (April 1). He […]
Read MoreThaksin: Govt opening door for using Bitcoin in Phuket
DE FACTO Pheu Thai boss Thaksin Shinawatra said at dinner talk last night (Jan. 13) that the government is moving to allow payment by Bitcoin in Phuket with recipients not at any risk at all as this is another currency in the world, Naewna newspaper said. At the dinner talk held at Dusit Thani […]
Read MoreThaksin confident Thailand will be debt-free by 2027
DE FACTO Pheu Thai boss Thaksin Shinawatra said at a rally for his party’s candidate in the upcoming election for Chiang Rai’s Provincial Administrative Organization chairman today (Jan. 5) that he is confident Thailand will be debt-free by 2027, TV Channel 7 said this evening. In drumming up support for Mrs. Salakcharit Tiyapairat in […]
Read MoreThai consumer confidence rises in November on stimulus measures
By Reuters and published by CNA THAI consumer confidence rose for a second consecutive month in November, bolstered by government economic measures and tourism, a survey showed today (Dec. 12). The consumer index of the University of the Thai Chamber of Commerce increased to 56.9 in November from 56.0 the previous month, the university […]
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