Showing 1 - 10 of 81
Baht’s biggest rally since 1998 threatens tourism, exports
Bloomberg News, Published on 20/09/2024
» Thailand's baht is on course for its biggest quarterly gain since the Asian financial crisis, threatening to derail a recovery in the nation's key tourism and export industries.
Thailand bets on B500bn cash handout to revive economy
Bloomberg News, Published on 24/07/2024
» The government expects the rollout of a long-delayed cash handout to most adult citizens to help reverse a slump in economic activity and tackle the highest household debt in Southeast Asia.
Central bank renews case to limit digital wallet scheme
Bloomberg News, Published on 19/06/2024
» The Bank of Thailand (BoT) remains firm in its opposition to a government plan to give 500 billion baht in cash to almost all its adult citizens to revitalise consumption activity, saying the prudent thing would be to limit assistance to the needy.
Health ministry wants ban on recreational cannabis by year-end
Bloomberg News, Published on 21/02/2024
» The government wants to ban recreational use of cannabis by the end of this year, Public Health Minister Cholnan Srikaew said on Wednesday, threatening to put thousands of marijuana shops and farms that have sprung up around the country since a decriminalisation drive two years ago out of business.
GDP growth fell in 2023, piling rate-cut pressure
Bloomberg News, Published on 23/01/2024
» Thailand's economic recovery lost momentum last year and missed official forecasts, according to a government spokesman Chai Wacharonke, potentially piling pressure on the central bank to pivot to early easing.
Chinese, Russians among top condo buyers
Bloomberg News, Published on 15/12/2023
» Chinese and Russians have topped the list of foreign buyers of condominiums in Thailand this year, with sales surging in tourist hotspots like Bangkok, Pattaya and Phuket.
Economic growth slows, boosts stimulus case
Bloomberg News, Published on 21/11/2023
» Thailand’s economic growth unexpectedly slowed in the third quarter as manufacturing slumped on weak exports, supporting the case for the government to proceed with its planned US$14 billion cash handout program.
Thailand mulls easing visa rules to lure Chinese, Indian tourists
Bloomberg News, Published on 30/08/2023
» Thailand is likely to ease visa rules for Chinese and Indian travellers and allow longer stays for visitors from all nations as new Prime Minister Srettha Thavisin looks for ways to boost tourism revenue to nearly US$100 billion next year.
What happened to all those Chinese tourists?
Bloomberg News, Published on 29/07/2023
» Before Covid-19, Malaysia’s luxury mall beneath Kuala Lumpur’s iconic Petronas Towers echoed with the sound of Chinese tourists and their dialects. But recently, during a busy dinner hour, they were missing. Din, the mall’s outlet of famous Taiwanese chain Din Tai Fung, a favourite of Chinese tourists, was half-full with local Malaysians and Middle Eastern customers. When I asked a cashier whether they had served many Chinese lately, she shook her head with a tight smile.
Fewer Chinese tourists to upset Thailand's recovery goal
Bloomberg News, Published on 28/06/2023
» Thailand is likely to miss its goal of hosting 30 million foreign tourists amid fewer-than-expected visitors from China, according to RHB Banj Bhd.