NIKKEI: Vietnam Set to Surpass Thailand’s Economy This Year Amid Rapid Growth
Photo Credit: Eye on Asia According to Nikkei Asia, Vietnam is on track to surpass Thailand’s economy as early as this year, driven by a significant government-led infrastructure expansion. While…
Thailand’s Economy Weakens in June (Bank of Thailand)
In June, Thailand’s economic momentum softened compared to the previous month, reflecting declines across multiple sectors including merchandise exports, manufacturing output, and tourism activities. The slowdown is attributable to ongoing…
Thai Q4 GDP grows 3.2% y/y, below forecast
Thailand’s economy grew 3.2% year-on-year in the fourth quarter of 2024, according to official data released on Monday. This growth was below the expected 3.9% increase, as forecasted by analysts…
Market Fluctuations and Trade Tensions Impact Thailand’s Economy
The global financial markets experienced significant shifts last week as stock markets fluctuated, gold prices surged, and oil prices declined. These movements were largely driven by renewed trade tensions between…
Chinese tourist killed on first day in Thailand
A Chinese tourist has been killed by a fast moving pickup truck as he was using a zebra crossing on the way back to his hotel on Bang Na Garden…
Direct flights from Oslo to Bangkok set to increase this year
At least three airlines—Norse Atlantic Airways, Thai Airways, and Scandinavian Airlines—have increased direct flights from Scandinavian countries to Thailand in 2024. Ms. Orn Duangchan, Director of the Tourism Authority of…
Chinese tourists top list for arrivals into Thailand in first week of the new year
Tourism and Sports Minister Sudawan Wangsuphakijkosol said on Tuesday that Thailand welcomed a total of 605,537 foreign tourists from January 1 to 7. However, this number was 23.32% or 184,106…
Thailand’s economy needs structural changes if it is to continue to grow
EIC chief economist Somprawin Manprasert expressed his concerns as the SCB EIC forecast Thailand’s growth for 2024 at 3.0%, up from 2.6% this year. The EIC report said the growth…
Trade Representative Nalinee Taveesin reveals deal with South Korea for EV hub in Thailand
Nalinee was recently in Seoul for talks with Ahn Duk-geun, South Korea’s Minister of Trade, Energy and Industry, who expressed interest in negotiating an Economic Partnership Agreement (EPA) between the…
Thai State revenue totals 1.9 trillion baht in the first fiscal year
According to Pornchai Thiraveja, director-general of the Fiscal Policy Office and spokesman for the Finance Ministry, during the first nine months of the 2023 fiscal year, which began last October,…