Thai households are dealing with the highest level of debt in 16 years thanks to prolonged Covid-19 outbreaks and slow economic growth, according to the latest survey by the University of the Thai Chamber of Commerce (UTCC). The survey, which was based on interviews with 1,350 respondents conducted during Aug 15-20, deemed Thailand’s household debt situation as […]
Read MoreThe tripartite committee considering minimum daily wage hikes is expected to reach its final decision today amid concern that too much of a raise could be detrimental to workers and businesses. The committee is represented by employees, employers and government organisations including the Ministry of Commerce, the Bank of Thailand and economists. While many employers sitting […]
Read MoreSince the lifting of the strict lockdown in the first quarter of 2022, and the decrease in the number of COVID-19 cases, the Thai economy has shown signs of recovery. However, Thailand still faces a battle in bringing its economy back up to pre-pandemic levels in order to compete with its ASEAN neighbours, not to mention the […]
Read MoreCar sales in Thailand jumped 22.1% in July from a year earlier to 64,033 units, helped by an easing of Covid-19 curbs and last year’s low base, the Federation of Thai Industries said on Thursday. That compared with June’s 4.58% year-on-year increase. Source: https://www.bangkokpost.com/business/2376780/domestic-car-sales-soared-in-july
Read MoreThailand expects 4.5 million foreign tourists will have visited by the end of August this year as entry rules were eased to support the vital tourism sector, government spokesperson Anucha Burapachaisri said on Thursday. Between Jan 1 and Aug 16, there were 4.02 million foreign tourists, led by visitors from Malaysia, India, Laos, Singapore and the […]
Read MoreThe development of National Road 67 (NR67), connecting Cambodia and Thailand, is expected to enhance the trade, tourism and investment ties between the neighbouring countries. According to reports, the Cambodian and Thailand governments agreed to develop the NR67, linking Cambodia’s Anlong Veng in Oddar Meanchey and Chong Sa-Ngam in Sisaket’s Phu Sing district of Thailand. […]
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