Thailand’s Consumer Confidence Declines to Its Lowest Point in 13 Months
Consumer confidence in Thailand has decreased for the sixth straight month in August, reaching its lowest level in 13 months. This decline is attributed to worries about sluggish economic growth…
Government Affirms No Plan to Shut Down Bangkok Port
The Transport Ministry has confirmed that there is no intention to relocate Bangkok Port, but it does plan to renovate undeveloped sections and transform them into so-called smart communities. On…
Thai Household Debt Reaches All-Time High
Average household debt in Thailand has reached a record high, driven by slow economic growth, reduced incomes, and rising living costs, resulting in difficulties for people in servicing their loans,…
Thai Software Sector Records 12.8% Growth
The software sector outperformed three other digital sectors last year with strong growth of 12.8%, reaching a value of 215 billion baht. The growth is attributed to investment in advanced…
Food Delivery and Ride-Hailing Sales Reach $5 Billion in H1
According to India-based Redseer Strategy Consultants, the combined gross merchandise value (GMV) of Thailand’s online food delivery and ride-hailing services reached US$5 billion in the first half of 2024. Both…
U-Tapao to Get a Second Runway
U-Tapao Rayong-Pattaya International Airport is set to commence construction on its second runway this year. Chula Sukmanop, secretary-general of the Eastern Economic Corridor (EEC), announced that the project is currently…
Finance Minister Advocates for Overhaul of Tax System
Thailand must reform its entire tax system, as both personal and corporate income tax rates remain higher than international standards, according to Finance Minister Pichai Chunhavajira. Speaking at the ACMA…
K Mile has received its first Boeing 767-300F
K-Mile Asia (8K, Bangkok Suvarnabhumi) has received its first B767-300ER(BCF), marking its inaugural widebody freighter and the first of its kind in Thailand. The aircraft, registered as HS-KSA (msn 33421),…
Australia to Implement Social Media Ban for Children
On Tuesday, Australia announced its intention to introduce legislation this year that would prohibit children from using social media platforms due to the associated risks to both physical and mental…
Digital Content Sector Experiences Modest Growth
The video game and animation sectors continued to see declines in 2023, leading to a modest overall growth of the digital content industry by just 0.01%, bringing its total value…