Fitch Ratings expects Thailand’s economic recovery to gain traction in 2022, supported by a significant improvement in Covid-19 vaccination rates, business reopening and a still-supportive global growth environment. The return of tourism is likely to be gradual, and Fitch expects GDP to recover to pre-pandemic levels by early 2023. The ratings of most large Thai […]
Read More29 foreign companies have been allowed to conduct businesses in Thailand under the Foreign Business Act by Commerce Ministrys foreign business committee in September, said Sinit Lertkrai, deputy commerce minister on Thursday. These foreign companies have invested over 559 million baht in Thailand and generated up to 742 jobs for local people,” he said. “Most […]
Read MoreThe three state tax collection departments have failed to meet their original revenue targets for fiscal 2021 as a result of the severe impact of the prolonged pandemic. Revenue Department director-general Ekniti Nitithanprapas said the department collected 1.87 trillion baht in fiscal 2021, which ended on Sept 30. Though the amount exceeds the adjusted target […]
Read MoreThailand’s economy bottomed out in the third quarter of this year and will continue to recover, although uncertainty remains high, based on the minutes of the central bank’s last policy meeting released on Wednesday. Pent-up demand is expected to support the economic recovery throughout 2021, following progress in Covid-19 vaccinations and an earlier-than-expected relaxation of […]
Read MoreThailand will see an increase in deployment of digital healthcare with the aim to enable early-stage interventions that can improve health as well as healthcare delivery by enhancing effectiveness, efficiency, accessibility, safety and personalisation. Over the next 10 years, healthcare costs in Thailand will increase due to the ageing population. In view of this, the […]
Read MoreThe Tourism Authority of Thailand (TAT) aims to establish a private digital company in the next six months to support its digital transformation and help in generating 2.4 trillion baht from high-spending travellers by 2023. TAT governor Yuthasak Supasorn said the authority would be limited to a 40% share of the new company so it […]
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Thailand
