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Esso exits Thailand after Acquisition by Bangchak Corporation
The acquisition, worth 22.6 billion baht, allows Bangchak to increase its refinery capacity and expand its network of petrol stations....
Q2 GDP growth lower than expected at 1.8%.
The Thai economy grew slower than expected in the second quarter, with weaker exports offset by strength in tourism.
Thailand’s household debt level hits 15 years high
With an average household now more than 500,000 baht in debt, the level of household debt is now at its...
Thai Finance Ministry lowers growth outlook for 2023 to 3.5%
The Thai Finance Ministry has revised its economic growth outlook for 2023 to 3.5% from 3.6% due to weaker global...
Thailand’s household debt surged to 90.6% of GDP
The Bank of Thailand has set a goal to align the household debt-to-GDP ratio with the Bank for International Settlements...
Thailand improves to 30th place in the World Competitiveness Ranking
The report also pointed out some areas where Thailand needs to improve, such as infrastructure, education, health care, and environmental...
Thailand unveils 5 billion baht plan for tourism growth
The Tourism Authority of Thailand (TAT) has announced its plan for fiscal year 2024 with a budget of $144.2 million,...
Thailand’s export down by 7.6% in April for seventh consecutive month
Thailand's export contraction for seven consecutive months poses a challenge for the new government due to a global economic slowdown....
Thailand’s auto exports surged 43% in April
According to the latest data from the Federation of Thai Industries (FTI), Thailand exported 79,940 finished cars in April, a...
Household debt surges to 87% of GDP in Q4 2022
Household debt is not only a problem for individuals, but also for the whole economy. It reduces domestic demand, which...
