Thailand’s household debt to gross domestic product ratio stood at 89.2% in the first quarter, slightly down from a revised 90.0% in the previous quarter, central bank data showed on Thursday, as the economy continued to recover. However, the amount of household debt rose slightly to about 14.65 trillion baht at the end of March from a […]
Read MoreThailand’s economy is expected to expand by 2.9% in 2022, unchanged from a forecast in April, supported by private consumption and a tourism recovery, according to the World Bank. However, negative spillovers from the war in Ukraine and the lockdown in China highlight Thailand’s oil dependence and vulnerability to global supply chain disruptions, the World […]
Read MoreBANGKOK: Thailand’s weak baht is good for exports while its fiscal and financial position remains strong, the prime minister said. Baht weakness, however, has a negative impact for some and the finance ministry and central bank are monitoring, Prayuth Chan-ocha told a business seminar on Wednesday Foreign visitors should hit 10 million this year following a […]
Read MoreRestaurant, food and tourism-related businesses are slowly recovering thanks to the country’s reopening to international tourists and increased arrivals, reflected in the latest new business registration figures released by the Commerce Ministry. Jitakorn Wongkhatekorn, deputy director-general of the Business Development Department, reported on Wednesday the number of new business registrations in May rose by 6% year-on-year […]
Read MoreForeign tourist arrivals into Thailand are set to beat official forecasts with the lifting of pandemic-era restrictions, a rare positive for the nation’s Covid-battered economy and currency. International arrivals will total 9.3 million this year, government spokesman Thanakorn Wangboonkongchana said Wednesday, citing a tourism ministry forecast. That’s 55% more than the Bank of Thailand’s estimate […]
Read MoreThailand’s factory output unexpectedly dropped in May due mainly to supply shortages for manufacturing cars and some electronics products due to lockdowns in China’s major port cities, the Ministry of Industry reported on Wednesday. Output is likely to be steady in June and recover next month as China’s restrictions ease, while increased domestic activity and […]
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