Bangkok Post
Thailand records 4.24% drop in foreign visitors
Thailand’s foreign tourist arrivals from Jan 1 to June 22 fell 4.24% compared to the same period a year earlier, the Tourism and Sports Ministry said on Tuesday.There were about 16.04 million foreign visitors during the period, it said in a statement. Malaysia was the ...
Bangkok Post Reporter
Digital economy GDP to rise 7.3% to B4.85tn
The GDP of Thailand’s digital economy this year is expected to increase 7.3% year-on-year to reach 4.85 trillion baht, according to the Digital Economy and Society (DES) Ministry.The digital economy’s GDP growth rate is 2.6 times higher than the country’s overall GDP growth rate, which ...
Komsan Tortermvasana
Thailand's heat index reaches danger levels
Temperatures are rising as the hot season settles in and health authorities are warning people to stay out of the sun if possible with the heat index having already hit the orange “dangerous to health” level.The heat index for March 5-14 showed temperatures of 42-51.9ºC ...
Bangkok Post Reporter
Thai consumer confidence falls for first time in 5 months amid economic uncertainty
Thailand’s consumer confidence fell for the first time in five months over uncertainty from US trade policies, higher living costs and the slow recovery of the domestic economy, a survey showed on Thursday.The consumer index of the University of the Thai Chamber of Commerce fell ...
Bangkok Post Reporter
Flooding in 19 provinces
Flooding persists in 19 provinces in the North, the Northeast, Central Plains and the South, affecting more than 66,000 households.The Department of Disaster Prevention and Mitigation on Tuesday reported there were still floods in Chiang Rai, Chiang Mai, Lamphun, Lampang, Tak, Phitsanulok, Nakhon Sawan and Sukhothai ...
Unemployment hits 9-month high
The unemployment rate in Thailand has reached a nine-month high of about 2% of registered workers, as the country struggles to deal with slow economic growth and more factory shutdowns, according to the Employers’ Confederation of Thai Trade and Industry (EconThai).The group’s calculation is based ...
Bangkok Post Reporter
Thailand's most important economic goal
Any relatively new finance minister, such as Pichai Chunhavajira, comes into office facing a crowded agenda: Maintain good relations with the central bank, ensure strong revenue collections and pursue fiscally responsible policies, manage customs and excise. Keep an eye on inflation, which reached 1.54% in ...
Thailand bets on B500bn cash handout to revive economy
The government expects the rollout of a long-delayed cash handout to most adult citizens to help reverse a slump in economic activity and tackle the highest household debt in Southeast Asia. The distribution of 10,000 baht each to all Thais 16 years and older under a ...
Seeking new engines of growth
About 40 years ago, natural gas was discovered in the Gulf of Thailand, creating excitement across the country. This period marked the dawn of Thailand’s golden era. Following this discovery, the Eastern Seaboard Development Project was initiated to develop the eastern coastal region. Foreign investment ...
Bangkok Post Reporter
Thai economy faces upheaval due to factory closures and cheap Chinese imports
When Chinese electric vehicle maker BYD opened its first Southeast Asian factory in Thailand earlier this month, the nation of 66 million people basked in the limelight and won praise for its industrial vision.What, however, received less attention was an announcement by another big automobile ...
