Thailand’s inbound spending during Chinese New Year is projected to rise by 44.3% according to data from Trip.com Group. Longer trips beyond Southeast Asia and increased booking windows are contributing factors. Trip.com Group Data Shows 44.3% Rise in Spending for Thailand during Chinese New Year Trip.com Group, a prominent global travel service provider, has released […]

Thailand’s industrial output contracted by 5.11% in 2023 due to slow economic recovery, trade slowdown, high household debt, cautious consumer spending, and rising interest rates. The December expansion and domestic recovery signal a positive future for the manufacturing sector. The government implemented measures to mitigate the impact, but full recovery depends on global economic conditions […]

Car production in Thailand declined by 15.75% in December 2023, marking the fifth consecutive monthly decline. Pickup truck output decline due to bank loan tightening. Decrease in Car Production Car production in Thailand saw a decrease of 15.75% in December 2023 compared to the previous year, marking the fifth consecutive month of decline. This downward […]

China’s economic success is attributed to market forces and the private sector following Mao Zedong’s death. Yasheng Huang’s book criticizes the current regime and examines past success and potential decline in China. China’s Economic Success China’s economic success has been widely attributed to its adoption of market forces and the private sector, which were key […]

Thailand is the top winter destination for Chinese tourists, with over 3.5 million visitors in 2024. Five Thai cities, including Phuket and Bangkok, are among the top 20 most-searched destinations by Chinese guests on Airbnb during the winter season. The Telegraph ranks Thailand at 6th place in their list of “The 20 places you must […]

The Thailand Futures Exchange will extend trading hours for currency and precious metal futures starting January 15, 2024, to align with global market hours, allowing continuous trading without a midday break. Extended Futures Market Trading Hours The futures market for trading currency futures will have extended trading hours from January 15, 2024. The trading hours […]

TDRI criticizes high interest rates in Thai banks, hindering competition. Government should use state banks to increase competition by offering higher deposit rates and lower loan rates. Introduction The Thailand Development Research Institute (TDRI) has raised concerns about the high interest rates for deposits and loans in Thai commercial banks. Experts criticize the excessively high […]

Thailand is expecting a surge in tourism, with nine new airlines set to begin operations. These airlines will focus on regional and international flights to accommodate an expected influx of foreign visitors. The government also aims to promote domestic tourism and enhance relations with China through the permanent waiver of visa requirements for citizens of […]