3.2% GDP growth deemed unrealistic
Warning signs of a potential financial crisis in Thailand have been highlighted in this article. While the previous crisis in 1997 was caused by bank failures, this time it is…
Thailand aims to build 200,000 jobs in the EEC
On January 2024, the Thai government granted approval for the creation of the EEC Business Center and Livable Smart City, a special economic zone in the eastern region of Thailand.…
PM urges BOT to cut the interest rates
Thailand’s Prime Minister Srettha Thavisin has called on the central bank to consider reducing borrowing costs in order to support the country’s economy. This signal of disagreement between fiscal and…
Excise department considering new green tax measures
The Excise Department in Thailand is planning to implement four tax measures this year to promote environmental and social initiatives. These measures include supporting the use of battery electric vehicles…
E-commerce competition is set to heat up
Lazada, an e-commerce platform owned by Alibaba, is reportedly undergoing a round of layoffs across Southeast Asia, signaling increased competition in Thailand’s e-commerce sector. The layoffs are aimed at improving…
Starbucks in Thailand increase prices due to production cost
Starbucks (Thailand) recently announced that it will be increasing the prices of its drinks by 5 baht starting from January 4, 2024. This price adjustment will be applicable across all…
Thailand gets ready for discussions with the EU in regards to the FTA
Thailand is preparing to host the second round of discussions for a free trade agreement (FTA) with the European Union (EU) at the end of January. The aim is to…
Opposition leader says 2024 budget does not address the actual problems
On Wednesday, the first of the two days allocated for the first reading of the budget bill, Chaithawat said the proposed expenditures under the 2024 budget bill were not planned…
Alcohol tax reduced until end of 2024 in bid to attract more tourists
Beginning 2024, the Cabinet has approved measures recommended by the Ministry of Finance to promote Thailand as a tourism destination, with the goal of increasing revenue from foreign tourists to…
China’s BYD overtakes Musk’s Tesla in last quarter of 2023
Chinese company BYD sold more electric vehicles than Elon Musk’s Tesla in the last three months of 2023 as the two battled for top spot in the sector. BYD said…