Thai real estate reforms: save the country or sell it off?
Thailand is considering major changes to its property laws to attract foreign investment and boost the economy. Plans include longer lease terms and more ownership rights for foreigners, but have been met with resistance from traditional circles. As the balance between economic growth and national control is sought, reforms remain a source of debate.
Thailand is taking big steps to become a regional leader in digital assets. With new regulations, investments in technological innovation and a focus on digital literacy, the country is preparing for a technology-driven future. The government is working with the private sector to grow the market and attract international investors, which should further strengthen the economy.
Foreign investment in Thailand reaches highest level in a decade
Thailand has set a record with foreign investment rising to $2024 billion in 21,4, the highest level since 2015. The strong growth in investment requests reflects rising interest in strategic sectors such as electronics, digital technology and agriculture. Southeast Asian countries in particular play a major role in the flow of capital into the country.
The Thai government is launching a stimulus program with a one-time payment of 10.000 baht for vulnerable groups to strengthen the economy in 2024. The program is not only intended to boost the production of consumer goods, but also to mitigate the impact of high debt and flooding. Despite challenges in the industrial sector, this approach offers opportunities for growth and recovery.
Rice exports will increase due to weak Thai currency
Thailand's rice exports are expected to rise from 7,5 million tonnes to 8,2 million tonnes this year, partly due to the weakening of the baht against the dollar. This price drop makes Thai rice more competitive on the world market. The first half of this year already saw exports of 5,08 million tons, worth 117 billion baht, an increase of 25,12% year on year.
Is the economy in Thailand doing well or not?
I recently had a discussion with a friend of mine. According to him, the economy in Thailand is not doing well at all. Personally, I think it won't be too bad, but according to him that is deliberately kept under wraps.
Prime Minister Srettha warns of a possible recession in Thailand and is looking for good ideas
Prime Minister Srettha Thavisin is raising concerns about a possible recession due to slow economic growth, high household debt and fast-growing bad loans. To revive the economy, he organizes weekly brainstorming sessions with ministers and relevant agencies. These meetings are intended to generate innovative ideas that can improve Thailand's economic situation.
Thailand's finance ministry is investigating additional fiscal measures to stimulate the economy
Thailand's Ministry of Finance is looking at additional fiscal measures to support economic growth following the positive public response to the “Happy Home Loan” scheme. This program, which offers low-interest loans for home construction, attracts many applicants and keeps the real estate market active. Further measures should increase GDP by 1,7-1,8 percentage points, with expected investments of up to 500 billion baht.
In the next five years, Thailand faces crucial economic decisions. With forecasts suggesting growth from government stimulus and tourism, while warning of structural weaknesses and external pressures, Thailand is navigating a path full of opportunities and hurdles. The focus is on essential reforms and strategic investments that will shape the country's future.
Tips for successful investing in Thailand
Thailand is known for its dynamic economy, strategic location in Southeast Asia and attractive investment opportunities. With a strong focus on export-driven sectors and a government that actively encourages foreign investment, the country offers various opportunities for foreigners. Despite some challenges, such as political instability, the benefits remain significant for those who understand the market.
Thailand's Cabinet has approved a landmark 2024 budget, with an impressive total of 3,48 trillion baht. This step, announced by Chalermphol Pensoot of the budget office, is the run-up to final cabinet approval and parliamentary consideration. With an increased deficit, the budget aims to stimulate economic recovery, in line with national strategies.
Thailand to launch digital wallet program in May 2024: A 600 billion baht boost to the economy
Thailand's Prime Minister Srettha Thavisin has announced the launch of an ambitious digital wallet program, set to launch in May. This initiative, with a budget of 600 billion baht, aims to stimulate the domestic economy by providing 50 million citizens with a digital benefit of 10.000 baht, with strict spending criteria and a well-thought-out financing plan.
Thailand arouses interest from tech giants: Prime Minister Thavisin speaks with Tesla, Google and more major companies
At the recent United Nations General Assembly in the US, Prime Minister Srettha Thavisin, who is also Minister of Finance, had important meetings that bode well for Thailand's economic future. Major players such as Google, Tesla and Microsoft showed their interest in investing in the Asian country. Thavisin highlighted Thailand's commitment to creating a favorable investment environment and also discussed potential stock market listings for Thai companies.
Significant wage increases on the horizon: Thai government in talks with companies about minimum wage
The Thai government is negotiating with companies about a possible significant increase in the minimum daily wage. This initiative, led by Prime Minister and Finance Minister Srettha Thavisin, is part of a broader economic recovery plan. With plans ranging from energy reforms to tourism incentives, the government aims for robust economic revitalization.
Explosive increase in household debt in Thailand: economic storm coming?
The Bank of Thailand is raising the alarm about an alarming increase in household debt. While financial institutions are being called to rethink their lending strategies, the country's slower economic growth points to deeper structural problems. The need for reform and adjustment in the Thai economy is becoming increasingly urgent.
Puey Ungpakorn, an admirable Siamese
It's good to put this man, Puey Ungpakorn, in the spotlight. He was a tireless man, honest and unflinching, and he did much for the economic development of Thailand. Tino describes some moments from his life.
The Thai village economy in earlier times
Thai historiography is almost exclusively about the state, the rulers, the kings, their palaces and temples, and the wars they fought. The 'ordinary man and woman', the villagers, get off badly. An exception to this is an influential booklet from 1984, which portrays the history of the Thai village economy. In about 80 pages and without pompous academic jargon, Professor Chatthip Nartsupha takes us back in time.
The Bank of Thailand (BOT) reported on Friday (June 30) that Thailand's economy continued to recover in May, driven by an expanding tourism sector and growing private and public spending, while exports lagged.
Thailand's currency, the Thai baht, has a fascinating history closely linked to the country's economic development. From the time it was introduced in the Sukhothai Kingdom to the current era of global economic integration, the baht has undergone a series of transformations and challenges.
The World Bank reported on Friday (March 31) that the Thai economy is expected to grow by 3,6% this year. This is an increase compared to last year's 2,6% growth.
JP Morgan, a leader in global financial services, revealed at the JP Morgan Thailand Conference that Thailand's stock market is considered the most attractive in Southeast Asia.
Discover Thailand (14): Tourism
Thailand is a popular destination for tourists from around the world. The country offers a rich and diverse cultural experience, with beautiful temples, delicious food and breathtaking landscapes. Tourism is an important source of income for Thailand and has a major impact on the country's economy and society.