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Rate Cut Could Help Thai Economy: TDRI

Rate Cut Could Help Thai Economy: TDRI

by Teuvo Tuomi | Sep 28, 2024 | Business, Banking, Economy, News, Thailand

Dr. Kirida Bhaopichitr from the Thailand Development Research Institute (TDRI) says that a policy rate cut by the end of this year could help to stimulate the Thai economy, which has not performed well this year. “As economic growth in Thailand is not picking up, a...
Thailand Falls in Ease of Doing Business Ranking

Thailand Falls in Ease of Doing Business Ranking

by Teuvo Tuomi | Sep 27, 2024 | ASEAN, Business, News, Thailand

Thailand fell three places from 2022 to 12th among Asia-Pacific nations in terms of ease of doing business, according to a survey by the Asia Securities Industry and Financial Markets Association (ASIFMA). Among the 13 economies ranked last year, Singapore was the...
Car Sales in Thailand Plummet over 20% in August

Car Sales in Thailand Plummet over 20% in August

by Teuvo Tuomi | Sep 25, 2024 | Business, Economy, Manufacturing, News, Thailand, Transportation

The manufacturing and sales of vehicles in Thailand fell by more than 20.56% in August compared to last year, the Federation of Thai Industries (FTI) reports. Surapong Phaisitpattanapong, advisor and spokesman of FTI’s automobile club, says 119,680 vehicles were...
BOT Will Grant Only 3 Virtual Bank Licenses

BOT Will Grant Only 3 Virtual Bank Licenses

by Teuvo Tuomi | Sep 23, 2024 | Thailand, Banking, Business, Digitalization, News, Visions

Despite receiving several applications from interested operators, the Bank of Thailand wants to grant only three virtual bank licenses. The central bank will issue licenses it deems appropriate to maintain the stability of the domestic financial market and safeguard...
Thailand Targets Global Talent by New Destination Visa

Thailand Targets Global Talent by New Destination Visa

by Teuvo Tuomi | Sep 20, 2024 | Thailand, Digitalization, Economy, News, Travel

The Government of Thailand is promoting its new Destination Thailand Visa (DTV) to attract foreign nationals who wish to work while traveling in the country, according to Foreign Affairs Minister Maris Sangiampongsa. The DTV is...
Thailand’s Digital Wallet Handouts Will Start in September: Finance Minister

Thailand’s Digital Wallet Handouts Will Start in September: Finance Minister

by Teuvo Tuomi | Sep 19, 2024 | Thailand, Economy, News, Society

Thailand’s cabinet has approved the digital wallet scheme, under which 14.5 million vulnerable and disabled Thais will be the first to receive the 10,000 baht cash benefit. The money will be wired into their bank accounts between 25-30 September, Finance...
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