Business

In February 2023, the Thai economy continued to improve from the previous month according to the latest press release published by the Bank of Thailand on March 31st. In February 2023, the Thai economy continued to improve from the previous month. The value of merchandise exports picked up in line...

In June 2022, the Thai government made the bold decision to decriminalize cannabis production, sale, and personal use, which has resulted in significant consequences. This move serves as an example for other Asian countries to follow. An unregulated, vast industry has quickly emerged, surprising many onlookers. In large cities, specialized...

The Market for Alternative Investment (mai) saw a 20.1 percent year-on-year increase in total sales, reaching THB 214.69 billion (approx. USD 6.22 billion) in 2022. Operating profits also rose by 1.8 percent year-on-year, amounting to THB 12.56 billion. However, this growth was driven by increases in the cost of...

With the resumption of travel between China and Thailand, Chinese investors are keen to seize the opportunity to purchase Thai properties for investment and retirement purposes. They view Thailand’s real estate market as offering better value compared to China and are making use of the 30-day visa on...

On March 9th, 2023, the Bank of Thailand (BOT) announced additional measures to combat fraud in online banking. As more and more people shift towards online banking, the risks of fraudulent activities also increase. Therefore, the BOT has taken proactive steps to ensure the safety and security of...

The "Rao Tiew Duay Kan" program has fully utilized all 560,000 hotel entitlements. All 560,000 entitlements for hotel bookings under Thailand's "Rao Tiew Duay Kan" Phase 5 program have been used up as of Friday. The program provided a 40% discount on room rates for five nights or five rooms...

Thailand's household debt is increasing due to personal and credit card loans. Household debt in Thailand increased by 3.9% to a record high of over THB14.9tn ($492bn) in Q3 2022, driven by personal loans and credit card borrowing, according to the National Economic and Social Development Council. Personal borrowing rose...

With the aim of expanding Thai exports to Shenzhen by 5%, the Ministry of Commerce of Thailand has signed a Memorandum of Understanding to establish a mini Free Trade Agreement (FTA) with the Chinese metropolis. Thailand’s export growth plan is currently focused on growing trade with secondary cities...