TAT claims Maha Songkran World Water Festival is a great success
The Maha Songkran World Water Festival 2024, organized by TAT, attracted over 780,000 visitors and injected 2.8 billion baht into the economy, with positive...
East Asia and the Pacific Region to Maintain Growth Despite Global Challenges
East Asia and Pacific region growing at 4.5% in 2024, slower post-pandemic. To sustain growth, focus on private sector investment and productivity.
Transport minister promises 20 baht fares on all electric trains by September next year
Transport Minister plans to cap maximum electric train fare at 20 baht in Bangkok by September next year to encourage people to use public...
Thai PM declares official launch of digital wallet program
PM launched digital wallet scheme benefiting Thai citizens with cash handouts, improving economy and livelihoods. Transparency and financial discipline emphasized.
World Bank outlines key reform priorities for Thailand’s economic growth
World Bank releases update for Thailand, emphasizing five reform priorities for sustainable growth amid economic challenges. Stakeholder input included.
As foreign investors exit bond market Thai government faces fund raising challenge
Thai government faces higher borrowing costs as foreign investors sell government bonds, causing capital outflows. Weak baht, US rate differences, and competition with private...
Tourists Unfazed by Air Pollution in Chiang Mai Hotels 70% Booked
Chiang Mai hotels are 70% booked by foreign tourists despite PM2.5 pollution. Revenue during Songkran festival expected to reach 1.2 billion baht. Officials address...
World Bank lowers Thailand’s economic growth to 2.8%
Thailand's economic growth to be 2.8% due to weak exports and delayed budget. Key drivers will be tourism, private consumption, and a $14 billion handout. World Bank recommends reforms to boost growth in a sustained economic downturn, including building human capital and promoting innovation. Challenges include global supply chain disruptions, labor shortages, tourism dependency, political uncertainty, debt levels, climate change, digital transformation, and income inequality. Thailand aiming for 90% tourist arrivals of pre-pandemic levels and record 40 million foreign visitors in 2024.
