IMF revises Thailand’s GDP growth projection for the current year to 2.9%
The International Monetary Fund (IMF) has revised Thailand’s GDP growth forecast for this year to 2.9%, marking a 0.2 percentage point increase from the previous estimate, while maintaining a 3.1%…
Southeast Asian nations are enticing remote workers through specialized visa initiatives
The rise of digital nomadism is reshaping Southeast Asia, as more nations in the region explore tailored visa programs to attract remote workers. Numerous countries in Southeast Asia have introduced…
Plans for cannabis put on hold
The government, particularly Health Minister Somsak Thepsutin, must halt the immediate reclassification of cannabis as a narcotic and engage in discussions with all involved parties. The decision to speed up…
Extended visa-free stays in Thailand to attract Hong Kong business and tourists despite safety concerns.
Despite a recent tragedy involving six individuals in Bangkok, the decision by Thailand to extend visa-free stays for residents of Hong Kong is expected to enhance business relationships and draw…
Orange line to fully open in 2030
The completion timeline for the MRT Orange Line, connecting Bangkok’s east and west, is set for November 2030, with the eastern section potentially opening by 2028. Transport Minister and Deputy…
Struggle to maintain stable electricity costs amidst concerns over rising gas prices
The government aims to maintain the current electricity tariff at 4.18 baht per kilowatt-hour for the remainder of the year to control electricity costs, despite expected increases in gas prices.…
Prime Minister Advocates Thailand’s Position as Financial Center
Prime Minister Srettha Thavisin highlighted Thailand’s ambition to establish itself as a leading financial hub during his address at the Finance Ministry’s “Ignite Finance” Initiative, aligned with his broader vision…
CRG Anticipates Boost in Sales Driven by Digital Wallet Usage
Central Restaurants Group (CRG) foresees a 5% sales growth in 2024, driven by the digital wallet subsidy scheme, amidst projections that Thailand’s restaurant market will surpass 400 billion baht this…
Emphasizing Succession Planning in Thai Family-Owned Enterprises
Thai family businesses’ second generation demonstrates a higher succession rate compared to the global average, though the necessity of digital expertise remains crucial, as per insights from Kasikornbank (KBank). KBank…
ThaiBev plans to exchange real estate holdings for shares
Thai Beverage, the largest brewer in Southeast Asia, has announced a strategic move to divest its real estate assets and transition into a focused drinks and food company through a…