Business

Industrial Confidence Index in Thailand continues to decline for the third month due to manufacturing slowdown, reduced domestic purchasing power, and global economic outlook. FTI suggests measures to counter the downturn and prepares for FIC 2023 event. Industrial Confidence Index in Thailand Continues to Decline Thailand’s Industrial Confidence Index has...

The Thai government plans to give a 10,000 baht stipend through a digital wallet to streamline public services and boost the economy. This initiative also aims to keep the funds in circulation for longer. Government Plans to Provide 10,000 Baht Stipend via Digital Wallet The Thai government is set to launch...

The Thai baht has strengthened against the US dollar due to dollar depreciation and rising gold prices caused by concerns about the Israeli-Hamas conflict. However, the lack of clarity surrounding Thailand's digital wallet scheme is weakening the baht and causing market uncertainty. Thai Baht Opens Stronger Against US Dollar amid...

Despite objections from academics, the Prime Minister remains determined to proceed with the implementation of a "digital wallet" system.Prime Minister Srettha Thavisin has confirmed that the government will proceed with the digital wallet scheme next year as planned, despite opposition from a group of 99 economics professors, including two...

The Tourism Authority of Thailand (TAT) won the Outstanding Achievement Award for Best Travel Marketing Effort at the 32nd Annual TTG Travel Awards 2023. The award was given for their initiatives to promote Thailand's tourism, especially after the pandemic. The award was personally selected by TTG's editorial team. TAT Wins...

Expected next year are free trade agreements with the European Union, United Arab Emirates, and Sri Lanka. Thailand is set to finalize free trade agreements (FTAs) with the European Free Trade Association (EFTA), Sri Lanka, and the United Arab Emirates (UAE) in the second and third quarters of next year....

The Bank of Thailand (BOT) has announced that it is providing more flexibility for non-residents who have trade and investment in Thailand. Key TakeawaysThe Bank of Thailand is providing more flexibility for non-residents to undertake Thai Baht transactions without submitting supporting documents, including managing Thai baht liquidity in their Non-resident...

The Revenue Department in Thailand has announced a new policy that will subject residents who earn overseas income to personal income tax if they reside in the country for up to 180 days a year. The Revenue Department in Thailand has implemented a new policy that subjects residents earning overseas...