Tag: Economy
Chuan Criticizes Government Handouts: Veteran Thai Leader’s Perspective
Chuan Leekpai Criticizes Government HandoutsIn a recent development that has sparked controversy, Democrat list MP Chuan Leekpai voiced his criticism of the government's cash handout policy. The veteran Thai leader, a former premier and...
Boosted by Tourism, Consumption, and Exports, Thai Economy Shows Improvement in October
Thailand's economy has seen a positive shift in October, thanks to the combined efforts of tourism, exports, and private consumption. The Bank of Thailand recently reported that exports surged by 14.2% compared to the...
Reduced FIDF Fee: Thai Banks’ Payment Update
Thai banks have agreed to pay a reduced annual contribution of 0.23% of deposits to the Financial Institutions Development Fund (FIDF) for the next three years, according to Deputy Minister of Finance Paopoom Rojanasakul....
Planning a Crackdown on Low-Cost Imported Goods: What You Need to Know
The Thai Pesticides Alert Network and the Foundation for Consumers recently reported that green Shine Muscat grapes imported from China were discovered to be contaminated with harmful chemicals. This revelation sparked concerns regarding the...
Q3 GDP Growth Surpasses Forecasts, Rises 3.0% Year-Over-Year
The Thai economy has shown strong growth in the third quarter, surpassing expectations and indicating positive momentum for the country. Official data revealed that the economy expanded by 3.0% compared to the same period...
Baht Reaches 3-Month Low, Boosting Exports
The baht has reached a three-month low against the dollar, but Deputy Finance Minister Paopoom Rojanasakul believes this is beneficial for exports. He mentioned that the baht's depreciation is advantageous for trade and is...
Proposed Interest Suspension for Designated Debtors: A Detailed Analysis
Banks in Thailand have agreed to suspend interest payments on mortgages, auto loans, and small business loans for selected borrowers in order to ease their debt burden during the economic recovery. This initiative is...
Budget Action Urged by Prime Minister
Prime Minister Paetongtarn Shinawatra has called for urgent action on the investment budget for the fiscal year 2025 to boost the economy. During a meeting at the Finance Ministry, she highlighted the need to...