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 […]
The Stock Exchange of Thailand had a difficult year, losing 15.2% of its value, while major markets in North America and Europe saw double-digit gains. The S&P 500 rebounded with a 21% return, led by technology stocks. Foreign investors sold Thai shares, leading to a turbulent year for the Thai stock market. Global shares had […]
Thai Stock Exchange faced scandals, defaults, and volatility in 2023, causing loss of investor confidence. Regulatory reforms are necessary, with plans to tighten listing regulations in response to recent issues. Scandals, Scams, and Wild Moves Shook Up the Thai Stock Exchange in 2023 The Thai stock market endured a turbulent year in 2023, marked by […]
SCB EIC revised Thailand’s 2023 growth forecast to 2.6% due to lower GDP and slow recovery of Chinese tourists. 2024 growth expected at 3.0%, with concerns about slow recovery and uncertainties. The report proposes enhancing policies. Thai policy rate expected to remain at 2.5% throughout 2024. Global economy expected to slow down to 2.5% in […]
Asia Pacific’s robust growth continues despite a challenging global economy. Developing Asia’s growth forecast in 2023 is revised upwards to 4.9%. The region’s inflation is expected to decrease to 3.5% in 2023. Asian Development Bank Revises Down Forecast for Thai Economy The Asian Development Bank (ADB) has revised down its forecast for the Thai economy […]