Reuters

Thailand’s economy unexpectedly contracted in the final quarter of 2022 as a rebound in the vital tourism sector was unable to offset falls in key sectors including exports and manufacturing.The planning agency responded by downgrading its outlook for this year.Keep reading ...

Thailand’s economic growth slowed in the fourth quarter as reduced exports and factory activity, together with tightening monetary conditions, curbed private consumption, a Reuters poll of economists found.Growth in Southeast Asia’s second-largest economy was forecast at 3.5% year-on-year in the October-December period, down from 4.5% ...

Thailand’s central bank said it wants to see household debt levels below 80% of gross domestic product (GDP) to help reduce economic and financial risks, an official said on Tuesday.But measures introduced so far and a recovery in the economy might not be enough to ...

Thailand’s economy may not reach a forecast growth of 3.8% next year due to a global economic slowdown, but this year’s outlook should still be achieved, the finance minister said on Tuesday.Slowing exports will not affect the ministry’s growth outlook of 3.4% for this year ...

Thailand’s central bank will not raise interest rates from a record low for more than a year in a bid to support an economy still struggling to recover from the pandemic despite a jump in inflation, a Reuters poll found.While inflation in the tourism-dependent economy ...

Thailand announced rules on Friday for its quarantine-free reopening to visitors from 45 countries, in an effort to revive an economy struggling to recover from the collapse of its vital tourism sector.Thailand, one of the Asia-Pacific’s most popular tourist destinations, has for the past 18 ...

Thai consumer confidence hit a record low in May, hurt by the country’s latest and biggest coronavirus outbreak so far, which could cost the economy as much as 800 billion baht ($25.7 billion), the commerce ministry said on Thursday.The consumer index of the University of ...

Thailand’s industries sentiment dropped for a second straight month in May, hitting an 11-month low, due to a third wave of coronavirus infections and a slow vaccine rollout, an industries group said on Tuesday.The Federation of Thai Industries (FTI) said its Thai industries sentiment index ...

Thailand launched a campaign on Tuesday to vaccinate 50,000 people living in a crowded river-side district of the capital Bangkok, as the country tries to contain a third wave of coronavirus infections.Authorities aim to vaccinate about 70% of people in Khlong Toei, an area that ...

Thailand is close to completing one the world’s biggest floating hydro-solar hybrid projects on the surface of a dam, a step toward boosting renewable energy production after years of criticism for reliance on fossil fuels.About 144,417 solar panels are being installed on a reservoir in ...