Economics

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...

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.

Fuel Fund raises diesel price by 50 satang to 30.44 baht/litre, with subsidy increase to 4.77 baht/litre. Global price fluctuations cited as reason, aiming...

Thailand's economy grew only 1.9% in 2023, lagging behind its neighbors like Indonesia and Vietnam. Factors include slow demand from export markets and a lack of high-skilled workers. The country faces challenges with high household debt and must focus on improving productivity and education to avoid falling further behind. Despite these challenges, Thailand's GDP is expected to grow by 2.6% in the coming year.

The Cabinet approved an increase in minimum wage to 400 baht/day for employees of 4-star hotels in 10 tourist provinces, effective April 13. Some...

Thailand's 2024 SCD Update highlights challenges like inadequate human capital, lagging productivity, and infrastructure gaps, urging reform for sustainable growth.

Thailand and China's visa exemption agreement is one month old, with positive outlooks and increased tourism interest. The agreement aims to boost trade and...

Thailand's lower house passes delayed 3.48 trillion-baht budget for fiscal year 2024, focusing on increasing consumption and economic recovery.