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Political uncertainty forces tourism industry to cut arrival estimates by 2 million

The tourism industry is reducing arrival estimates by 2 million due to political uncertainty. The delay in the formation of a new government in Thailand has led to a revision in the Tourism Council of Thailand's (TCT) estimate of tourist arrivals for this year. The TCT now expects 28 million...

Bank of Thailand raises key interest rate to highest level in nine years

The Bank of Thailand has raised its key interest rate to a nine-year high of 2.25% due to concerns about rising prices. Key Takeaways The Bank of Thailand raised its key interest rate to 2.25%, citing concerns about upside risks to prices and the need to ensure inflation stays low...

Critical policies needed to tackle high household debt and increase income

Increasing income through policy measures is crucial in addressing the burden of high household debt. By implementing effective policies, such as promoting job growth and raising wages, individuals can better manage their debts and achieve financial stability. Economic experts in Thailand are criticizing the income increase policies of the outgoing...

Thai exports declined for nine consecutive months

Thailand’s exports have experienced a continuous decline for nine months in a row, but there is hope for a recovery in the second half of the year. The decline in exports is primarily attributed to the slow economic recovery in major trade partners such as China and the US....

Thailand’s FTA strategy to open up new markets

Thailand is actively pursuing an ambitious free trade agreement (FTA) strategy to expand its trade and investment opportunities with various partners worldwide. The country has already signed 13 FTAs with 18 economies, including China, Japan, India, Australia, and the European Free Trade Association (EFTA). Thailand is currently negotiating several more...

How a Company in Thailand Uses Language Learning to Gain a Competitive Edge

A Thai company gains a competitive edge by utilizing language-learning techniques. Language barriers and cultural differences pose challenges to globalized trade, despite the perception of an interconnected world. Stuart Jay Raj, Managing Director of NFQ's Thailand operations, has spent years perfecting language learning processes to address these obstacles. Growing up...

SET jumps over 1500 as US inflation cools down

Asian markets continued to rise for a fifth consecutive day as US inflation cooled, leading to speculation that the Federal Reserve might pause interest rate increases. Despite ongoing political uncertainty, Thai shares also rallied. The SET Index fluctuated between 1,482.21 and 1,519.08 points this week, ultimately finishing at 1,517.92 points...

Singapore Bank to Close Myanmar Airline Accounts

A Singaporean bank is planning to close the accounts of a Myanmar airline, following the military coup and subsequent crackdown on protesters. The move aims to impose financial pressure on the military junta and contribute to international efforts to restore democracy in Myanmar. Singapore-based bank United Overseas Bank (UOB) is...