BOT (Bank of Thailand) lowers growth projection to 3.6% for 2023
The Bank of Thailand has revised its growth projection for 2023 downward due to lower-than-expected GDP growth and inflation rates. While private consumption and the tourism sector are expected to…
Family-run businesses continue to thrive in Thailand
According to a Stock Exchange of Thailand (SET) poll, there are 451 companies that have been classified as family enterprises on the SET, with a combined market capitalisation of around…
Bangkok property market outlook continues to be bleak
The housing market in Bangkok is experiencing tremors as a result of the country’s high levels of household debt, rising interest rates and dwindling purchasing power. According to a Kasikornbank…
Plight of motorcycle taxi drivers looks set to improve
The Transport Ministry has been given the mission of improving the working conditions for motorcycle taxi drivers after the Thai government recently took into account a number of complaints from…
New government urged to revisit help for first-time property buyers
Leading real estate developers are urging the new government led by Prime Minister Srettha Thavisin to come up with fresh strategies to increase the sale of residential property. Srettha was…
Thailand’s household debts are rising
Thailand is currently experiencing a steady increase in household debt, particularly in areas such as auto loans and debts from savings cooperatives, as reported by the secretary-general of the National…
Srettha has expressed after his cabinet meeting to lower the oil price.
Prime Minister Setha Taweesin had a discussion with Mr. Supatthong Phanthatmeechaow, Minister of Energy from the Thai Phuea Thai Party. Before revealing the details, Prime Minister Setha stated that they…
Thailand’s Economic expansion adjusted lower due to a recovery that has fallen short of expectations.
Thailand’s GDP growth for Q2 2023, at 1.8% year-on-year, proved weaker than anticipated. This outcome has prompted a downward revision in the annual growth projection for the year, from 3.0%…
Prime Minister Strettha oversees the treasury advancement into digital currency
“Settha,” the ultimate fitness enthusiast, is leading the continuous tourism recovery efforts in Phang Nga province. He has received a proposal to construct a new airport and is studying the…
Thai exports shrank for the 10th consecutive month in July.
In July, Thai exports declined for the 10th consecutive month, experiencing a more substantial drop than anticipated. This decline can be attributed to sluggish global demand and decreased global commodity…