News
BOT likely to take steps to contain Thai household debt as total exceeds THB15.09 trillion
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 ...
The Nation Reporter
Economists anticipate 0.25% hike
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 ...
Somruedi Banchongduang
China’s recovery is a boon for Thai export, tourism sectors: Govt
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 – ...
The Nation Reporter
Thailand urged to focus on wellness
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 ...
Phusadee Arunmas
Private sector highlights six-pronged strategy
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 ...
Lamonphet Apisitniran
Thai economy slows in March but improvement seen ahead - central bank
Thailand’s economy slowed down in March compared with the previous month, as exports declined but the service sector continued to improve from higher foreign tourist numbers, the central bank said on Friday.Economic activity is expected to have improved in April and exports should gradually pick ...
Thailand's $98 billion 2024 budget to be delayed over election
Thailand’s 3.35 trillion baht ($98.38 billion) budget for the 2024 fiscal year starting in October could be delayed by four or five months, the Budget Bureau said on Thursday, as the Southeast Asian country heads to an election set for May.The budget is needed to ...
Inflation and unemployment main worries of Thais, global survey shows
The majority of people globally, including Thailand, are worried about economic recession, rising product prices and unemployment, global market research company Ipsos said on Tuesday.The company cited its research “Ipsos Global Trend 2023” conducted among more than 48,000 people in 50 countries. About 1,000 of ...
The Nation Reporter
Thai economy to grow 3-4% this year, policy rate to ensure recovery - Finance Minister
Thailand’s economy is expected to expand 3 per cent-4 per cent this year and monetary and fiscal policies must work together to ensure economic growth and stability, the finance minister said on Wednesday.Southeast Asia’s second-largest economy continues to be supported by the vital tourism sector ...
Arkhom predicts potential growth of 4-5%
The potential growth rate of the economy is 4-5%, says Finance Minister Arkhom Termpittayapaisith. Among the factors that will determine more robust sustainable growth is increasing productivity by reskilling and upskilling workers, Mr Arkhom said yesterday at a seminar called “The NEXT Thailand’s Future”, co-hosted ...
Bangkok Post Reporter