Four major Thai banks, including Thai Military Bank, Bank of Ayudhya, CIMB Thai Bank, and Bangkok Bank, have decided to close their branches in Laos. The branches to be closed are Thai Military Bank’s Vientiane branch, Bank of Ayudhya’s Savannakhet branch, CIMB Thai Bank’s Vientiane branch, and Bangkok Bank’s Pakse branch in Champasak province. Bangkok […]
The State Bank of Vietnam (SBV) has officially joined the Regional Payment Connectivity (RPC) initiative, expanding the memorandum of understanding signed by central banks of Indonesia, Malaysia, Philippines, Singapore, and Thailand. The RPC aims to enhance cross-border payments, making them faster, cheaper, and more inclusive. The inclusion of SBV brings the number of ASEAN central […]
China’s exports tumbled for the fourth consecutive month in August amid weak external demand and ongoing global supply chain upheaval, posing more challenges to the world’s second-largest economy as it struggles to carve out a path to a post-pandemic rebound. Exports fell by 8.8 per cent compared to a year earlier to US$284.9 billion last […]
Remote workers looking to stay longer in Thailand may want to explore special programmes and visa options that allow an extended stay and multiple benefits. While Thailand does not yet have a dedicated digital nomad visa program, there are alternative visa types that remote workers can look at as options. These offer a balance between […]
Thailand’s new Prime Minister, Srettha Thavisin, is looking to boost tourism revenue by easing visa rules for Chinese and Indian travelers and allowing longer stays for visitors from all countries. The current visa application process for Chinese tourists is costly and cumbersome, while Indian travelers have to pay for a visa on arrival. The government […]
Thai exports declined for the 10th consecutive month in July, falling at a larger rate than expected due to sluggish global demand and a decline in global commodity prices. However, the decline in Thai exports was less severe compared to other countries. The ministry will try to meet its export growth target of 1-2% for […]
The Thai economy grew slower than expected in the second quarter, with weaker exports offset by strength in tourism. The government has revised its GDP growth forecast for 2023 to 2.5% to 3.0% due to slower exports. The economy grew 1.8% in the April-June period, below economists’ expectations. The tourism sector and private consumption have […]
Thai Airways International reported a net profit of 2.2 billion baht ($62.6 million) for the April-June quarter, a significant improvement from the 3.2 billion baht net loss in the same period last year. The airline’s turnaround was driven by increased demand for flights to China and Japan, as well as strong performance on routes to […]
