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Thai household debt rose to 15.09 trillion baht at the end of last year, after a 180-billion baht increase in the fourth quarter of 2022.However, the debt-to-gross domestic product (GDP) ratio saw a marginal quarter-on-quarter decline from 87% to 86.9% in the fourth quarter of ...

Local economists are predicting the Bank of Thailand will increase its policy rate to a terminal level of 2% this month after estimating the Fed’s funds rate has already peaked.According to ttb analytics, the research centre of TMBThanachart Bank (ttb), the central bank’s Monetary Policy ...

More than two million Thais who registered for early voting began casting their ballots Sunday ahead of next week’s general election, with opposition parties projected to win a majority. The vote is taking place amid an intensifying struggle for power in Thailand. The May 14 election ...

Thailand’s general election on May 14 will see a 52-million electorate vote for their next government. This is what you need to know:Parliament and the pollThailand’s Parliament consists of 250 appointed senators in the Upper House, and 500 MPs in the Lower House, also known ...

China’s reopening following the end of the Covid-19 crisis has proved to be a boon to Thailand’s economy, as the tourism and export sectors are making strong gains, government spokesman Anucha Burapachaisri said on Saturday.The recovery of China’s economy – the world’s second largest – ...

Thailand’s health economy boasts very high growth potential as the world is increasingly aware of the importance of health and self-care, according to a Commerce Ministry study.Poonpong Naiyanapakorn, director-general of the Trade Policy and Strategy Office, said the office studied the opportunities for Thailand’s wellness ...

Thailand’s labour market improved in the first quarter, with the number of unemployed people dropping to 420,000, according to the National Statistical Office (NSO).NSO director-general Piyanuch Wuttisorn said the NSO compiles labour force statistics every three months to examine employment levels among the population.In the ...

Thailand received 8.6 million foreign arrivals in the January-April period, with spending of 353 billion baht (US$10.45 billion), a government official said on Friday.The government expected more than 520,000 foreign tourists in the week of May 1-7, government spokesperson Anucha Burapachaisri said in a statement. ...

The Finance Ministry has set four targets for tax reform, aiming to boost revenue to cover expenses and deal with future economic uncertainties, says Fiscal Policy Office director-general Pornchai Thiraveja. First, tax reform should ramp up the country’s competitiveness and ensure sustainable economic growth.The ministry will ...

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) wants political parties competing in the general election to pay heed to its six-pronged strategy it believes should play a vital  role in driving the economy over the next four years. The recommendations are scheduled to ...