GDP growth projection downgraded to 1.8% in 2023 and 2.8% in 2024
Thai Ministry of Finance downgrades economic growth projection to 2.8%, attributing it to decreased tourism and manufacturing, with hope for faster growth next year.
Thai PM stays busy in Switzerland
Thai PM Srettha Thavisin meets Bill Gates at World Economic Forum in Switzerland. He shares details of discussions and promotes Thailand's mega project through...
Addressing Thailand’s household debt problems (BoT)
The BOT aims to protect debtors by regulating interest rates, providing information, and fostering financial responsibility. They will implement debt assistance programs and guidelines for responsible lending for creditors to address household debt problems. Starting in April 2024, measures will be put in place to help vulnerable groups with higher interest payments. The BOT will also supervise creditors to ensure compliance with regulations and offer assistance to debtors.
PM Srettha urges ASEAN to hike minimum wages
Thai PM Thavisin urged ASEAN to stop using low labor cost as incentive for foreign investments, lift minimum wages, and focus on clean energy...
Thailand’s 500-billion-baht digital wallet scheme in limbo
Thai government delays 500-billion-baht digital wallet scheme rollout with no new timeline. Funding and legality doubts remain.
Where Will the Global Economy Land in 2024?
Last year, economists predicted a recession, but the opposite happened. Now, forecasting for 2024 is uncertain. Subscribe for premium content.
Thai Consumer Confidence Soars to 46-Month High
Thai consumer confidence at 46-month high in December due to government measures, increased tourism, and plans for economic growth.
Will tax breaks help the Thai economy change gear
Government has launched a tax break to encourage spending. To benefit, individuals must spend on eligible goods & services and submit e-receipts, but economists...