Economy and industry
Household debt continues to increase, nears 15 trillion baht
Thailand’s household debt reached 14.9 trillion baht in the fourth quarter of last year, as bad debts doubled due to the Covid-19 crisis, according to the National Economic and Social Development Council (NESDC).Household debt increased by 3.9% in the fourth quarter, compared to 3.5% in ...
The Nation Reporter
Jobless rate falling, but '230,000 new graduates still out of work'
Although unemployment continues to decline as the economy recovers from the pandemic, recent graduates accounted for half of the 460,000 unemployed people in Thailand in the fourth quarter of last year, according to the National Economic and Social Development Council.The council said on Thursday that ...
The Nation Reporter
Government bid to raise country's digital competitiveness
The Digital Economy and Society (DES) Ministry wants digital-related business to contribulte 30% of GDP and for Thailand to reach the top 30 of the IMD World Digital Competitiveness Ranking, both by 2027.The targets can be achieved by promoting the adoption of digital technology for ...
Bangkok Post Reporter
MPI rises 6.6% in January to reach 10-month high
Thailand’s Manufacturing Production Index (MPI) increased by 6.6% from December last year to reach 99.8 points in January, the highest level in 10 months, thanks to more business activity, driven by an uptick in tourism.However, the January MPI decreased by 4.35% year-on-year due to the ...
Bangkok Post Reporter
Operators seek tourism law reform following scam
Tour operators are calling for tourism laws to be reformed to protect travel agents, not only customers, following an alleged Japan tour scam worth 14 million baht. Ten retail travel agents filed a complaint against one wholesale company with the Royal Thai Police’s Central Investigation Bureau ...
Bangkok Post Reporter
Thailand launches digital tourism project
The Digital Economy Promotion Agency (DEPA) of Thailand has launched a digital tourism project with an aim to encourage travel firms to widely use digital platforms.DEPA President and CEO Nuttapon Nimmanphatcharin said that the project will develop a national tourism tourism platform called ThailandCONNECX, helping ...
Consumer products likely to cost more despite cut in diesel price
The move by the Oil Fuel Fund Office to approve a reduction in the retail price of diesel by 50 satang per litre from Wednesday is unlikely to deter consumer goods makers from hiking prices.President of the Thai Wholesale and Retail Trade Association, Somchai Pornratanacharoen, ...
The Nation Reporter
Thai Q4 GDP unexpectedly falls, 2023 outlook trimmed
Thailand’s economy unexpectedly contracted in the final quarter of 2022 as a rebound in the vital tourism sector was unable to offset falls in key sectors including exports and manufacturing.The planning agency responded by downgrading its outlook for this year.Keep reading ...
Economic growth slowed in tourism-reliant Thailand in Q4
Thailand’s economic growth slowed in the fourth quarter as reduced exports and factory activity, together with tightening monetary conditions, curbed private consumption, a Reuters poll of economists found.Growth in Southeast Asia’s second-largest economy was forecast at 3.5% year-on-year in the October-December period, down from 4.5% ...
Thai c.bank wants to see household debt below 80% of GDP
Thailand’s central bank said it wants to see household debt levels below 80% of gross domestic product (GDP) to help reduce economic and financial risks, an official said on Tuesday.But measures introduced so far and a recovery in the economy might not be enough to ...
