Economics

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.

Prime Minister announced good news about the digital wallet scheme, schedule meeting for April 10 to consider reports for final approval in April, injecting...

Thailand plans $14 billion cash handout program in Q4 to stimulate economy. 10,000 baht to 50 million adults, excluding high-income earners.

Supreme Administrative Court orders lower court to consider petition from consumers seeking to revoke telecom merger. Concerns raised about higher charges, limited competition, and...