Business

Mounting cost pressure calls for the urgent reform of the pension system. Thai society is facing the challenge of an aging population, with the percentage of those aged 60 and above projected to increase to 20.4% in 2020 and 38.3% in 2050. While there are multiple social insurance and assistance...

Thailand’s Parliament has elected Srettha Thavisin as the country’s 30th prime minister, bringing relief and optimism to the business sector. Key TakeawaysThe election of Thailand’s 30th prime minister has brought relief and optimism to the business sector, with hopes for quick action on economic issues. Thailand’s new prime minister-elect, Srettha Thavisin,...

Visits to Bangkok Remand Prison are prohibited on the day Thaksin returns; inmates will not be able to receive visitors. Bangkok Remand Prison is suspending inmate visitations tomorrow due to security concerns, as fugitive former prime minister Thaksin Shinawatra is scheduled to return to Thailand. Thaksin's supporters are expected to...

Moody’s Investors Service has downgraded PTT Global Chemical Public Company Limited’s issuer rating and other ratings due to concerns about the company’s high leverage and challenging market conditions in the petrochemical sector. Key TakeawaysMoody’s has downgraded PTT Global Chemical’s issuer rating and related notes due to the company’s high...

Bilateral trade between Thailand and Vietnam is anticipated to soar to $25 billion in the upcoming year. The Thai Chamber of Commerce aims to increase bilateral trade between Thailand and Vietnam to $25 billion next year, with the help of young entrepreneurs and start-ups. The chairman of the Thai Chamber...

Thai Airways International reported a net profit of 2.2 billion baht ($62.6 million) for the April-June quarter, a significant improvement from the 3.2 billion baht net loss in the same period last year. The airline’s turnaround was driven by increased demand for flights to China and Japan, as well as...

The Governor of the Central Bank of Thailand, Sethaput Suthiwartnarueput, has stated that there will be no interest rate cuts in the near future, as the country’s economy continues to recover. Key TakeawaysThe Bank of Thailand governor has ruled out any interest rate cuts in the near future, signaling a...

The tourism industry is reducing arrival estimates by 2 million due to political uncertainty. The delay in the formation of a new government in Thailand has led to a revision in the Tourism Council of Thailand's (TCT) estimate of tourist arrivals for this year. The TCT now expects 28 million...