Govt has Plan B if it fails to borrow from BAAC to fund digital wallet Paopoom
Government prepared with plans B and C if unable to borrow 172.3 billion baht for digital wallet scheme. Finance Ministry has not yet sought...
World Bank downgrades Thailand’s growth outlook to 2.4% due to declining exports
The World Bank has lowered Thailand's 2024 GDP growth forecast to 2.4% from 2.8%, due to weaker exports and public investment. However, private consumption,...
Committee Suspends Digital Wallet Budget for Further Review
Budget for digital wallet stipend program suspended due to concerns of potential violations to state fiscal and financial discipline act.
Alcohol sale ban at airports on Buddhist holidays to be lifted
Thailand will lift the ban on alcohol sales on five Buddhist holidays at certain airports to boost tourism. Discussions are underway regarding lifting the...
China’s Economic Challenges During Xi Jinping’s Tenure
China's economic challenges include a struggling real estate sector and a shift towards high-tech industries. President Xi Jinping's focus on national security and skepticism...
400 baht national minimum wage not yet resolved by wage committee
The tri-partite wage committee in Thailand is unable to finalize the 400-baht national minimum wage until receiving proposed rates from provinces by July 31st....
World Bank cuts GDP growth forecast for Thailand to 2.4%
World Bank & UOB downgrade Thailand's 2024 GDP forecast to 2.4% due to slow export recovery & global economic uncertainties. 📉🏦
The three top foreign buyers of condo units in Thailand
Chinese, Russian, and Myanmar nationals purchased 14,500 Thai condominium units worth 73 billion baht in 2021. Foreign demand is increasing, especially in Phuket, prompting...
