Bangkok Post
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 ...
BoT views household debt trend as easing
The Bank of Thailand anticipates a further decline in the country’s household debt-to-GDP ratio, supported by the Thai economic recovery and slower loan growth.According to central bank governor Sethaput Suthiwartnarueput, Thailand’s household debt-to-GDP was 90.9% in the first quarter this year, slightly reduced from the ...
Bangkok Post Reporter
Economic problems biggest burden in 2023: poll
Most people felt frustrated by economic problems in 2023 although in general they were fairly happy with the year, according to the results of a survey by the National Institute of Development Administration, or Nida Poll. The poll was conducted on Dec 12-20 by telephone interviews ...
Bangkok Post Reporter
Thailand must do more to protect, invest in children: UN
The government should see children’s rights protection as an investment and listen to children’s voices, said Najat Maalla M’jid, the UN Special Representative of the Secretary-General on Violence Against Children. In an interview with the Bangkok Post, she said although the Thai government had a strong ...
Bangkok Post Reporter
Govt 'solves' 233 cases of informal debt: PM
The government claims it has solved the informal debts of 233 registered debtors while Prime Minister Srettha Thavisin on Saturday went to observe a debt-solving model in Nan.According to government spokesman Chai Wacharonke, data from the Interior Ministry shows 106,863 debtors have registered with the ...
Bangkok Post Reporter
Thailand faces 20 years of low growth
The World Bank expects Thailand’s potential growth to be the lowest among Asean economies over the next 20 years because of the country’s ageing demographics and a slowdown in private investment.The potential growth of Thailand’s economy is expected to be around 3% for the next ...
Bangkok Post Reporter
BoT seen cutting rates in H2, 2024
The Bank of Thailand is projected to start cutting interest rates in the second half of 2024, in line with similar moves by the US Federal Reserve, say analysts, as the domestic economy needs more support to drive growth next year.BMI, a unit of New ...
Bangkok Post Reporter
Cabinet okays B8bn package for sugarcane farmers
The mobile cabinet on Monday greenlighted incentives worth 8 billion baht for sugarcane farmers who agree to cut fresh sugarcane without burning the residue, a move aimed at helping reduce the amount of PM2.5 dust in the 2022/23 harvest year. According to Rudklao Suwankiri, the government’s ...
Bangkok Post Reporter
