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mai-listed companies post 20% sales growth in 2022
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...
Chinese investors eye Thai property as travel resume between the two countries
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...
Bank of Thailand takes additional steps against online banking fraud
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...
All 560,000 hotel vouchers in the “Rao Tiew Duay Kan” program have been utilized
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 has increased due to the upsurge in personal and credit card loans
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...
Thailand signs mini-FTA with Shenzhen
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...
Thailand and China to Expand Free Trade Agreement (FTA)
Thailand has been stepping up trade cooperation with China by upgrading the Free Trade Agreement (FTA) between China and ASEAN, including expanding mini FTAs with Chinese cities and provinces, Deputy Prime Minister Jurin Laksanawisit has said. Thai Deputy Prime Minister and Commerce Minister Jurin Laksanawisit made the announcement at...
Paetongtarn Shinawatra leads poll for next Prime minister
Paetongtarn Shinawatra, the daughter of former Thai Prime Minister Thaksin Shinawatra, is already emerging as the favorite for prime minister in an opinion poll ahead of the upcoming elections scheduled for May 2023. In a recent poll, voters’ top choices for prime minister were current Prime Minister Prayut Chan-o-cha...
