Economy

Exports demand push GDP growth, but household debt a concern: reports Oxford Business Group

Exports demand push GDP growth, but household debt a concern: reports Oxford Business Group

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The Oxford Business Group notes in its annual country report for Thailand that over the course of the past year, rising overseas demand for goods and services pushed Thailand’s GDP towards five-year highs in 2017, with business-friendly fiscal policies and planned spending on infrastructure expected to support further expansion in […]

Commerce entourage looks to expand Phuket trade beyond tourism

Commerce entourage looks to expand Phuket trade beyond tourism

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PHUKET: A delegation of tourism officials and leading business figures from the autonomous special administrative region of Macao in China arrived in Phuket last Friday (Jan 12) with the aim of laying the formation groundwork for commerce, and not just in tourism. The 10-strong delegation brought with them an entourage […]

That was 2017. This is 2018. Thai Economy

That was 2017. This is 2018. Thai Economy

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Rising overseas demand for goods and services pushed Thailand’s GDP towards five-year highs in 2017, with business-friendly fiscal policies and planned spending on infrastructure expected to support further expansion in 2018. The Thai economy improved over the course of 2017, recording year-on-year growth of 3.3% in the first quarter, 3.8% […]

Minimum wage rise approved

Minimum wage rise approved

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BANGKOK: The national wage committee with the authority to approve minimum daily wage hikes agreed on Wednesday night (Jan 17) to an increase in the minimum wage. After several rounds of talks between representatives of employers, workers and government officials in the tripartite panel, the parties finally reached agreement on […]

Thousands join Phuket New Year Countdown

Thousands join Phuket New Year Countdown

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PHUKET: More than 10,000 people joined the Amazing Thailand Countdown 2018 in the heart of Phuket Town last night to usher in the New Year. The focal point for the event, which ran for the two nights leading up to the countdown, was the Standard Chartered Building on Thalang Rd, […]

World Bank hails Thai development

World Bank hails Thai development

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Thailand is grouped among ‘progressive prosperity’ countries that have largely eliminated extreme poverty and fostered a large middle class, says the World Bank. “[Thailand] can prioritise meeting the growing aspirations of the middle classes while mobilising and using resources to address remaining disparities,” the global lender said in its report […]

Baht appreciates to 30-month high

Baht appreciates to 30-month high

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BANGKOK: The baht rose to 32.95 versus the greenback yesterday (Nov 16), hitting a 30-month high, with Bank of Thailand governor Veerathai Santiprabhob saying the firmer baht is in line with regional peers, driven by the US dollar’s retreat. The dollar is weakening because of uncertainties regarding the US tax […]

23 day tax break to stimulate economy

23 day tax break to stimulate economy

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The campaign is intended to spur domestic consumption ahead of the year-end festive season, while prompting more small and medium-sized businesses to register so that their customers are entitled to the tax break. The Cabinet on Tuesday approved a 23-day tax break for consumers to boost shopping activities nationwide by […]

AoT airports increase traffic 6% in past 12 months

AoT airports increase traffic 6% in past 12 months

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From September 2016 to this year, the AoT provided services for a total of 823,574 flights, an increase of 6%, or an average of 2,250 flights per day. A total of just over 129 million passengers travelled through the six airports operated by the Airports of Thailand in 2017, a […]

Govt to seize money from long-idle bank accounts

Govt to seize money from long-idle bank accounts

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BANGKOK: The Finance Ministry’s Fiscal Policy Office (FPO) has drafted a bill providing for the transfer of money from people’s bank accounts left idle for 10 years or longer to the government coffers. A source at the FPO said the draft is complete and the office is gathering public opinions, […]