Economy

Krungsri (Bank of Ayudhya PCL and its business units) posts 7.543 billion baht in net profit for the first quarter of 2024, decreasing by 13.1% over the year, largely driven by an increase in provisions as a safeguard in light of future uncertainty that could impact asset quality domestically and overseas, underscoring Krungsri’s rigorous and prudential risk management approach.

The government is ready to compensate victims of call centre scams following the seizure of billions of baht worth of assets over the past three years.

The Cabinet on Thursday approved the budget bill for fiscal 2025 with government spending totalling 3.752 trillion baht, Prime Minister Srettha Thavisin said.

Asia offers a vibrant and dynamic business landscape, with thriving capitals presenting abundant opportunities for expatriates seeking new beginnings. But how does Bangkok compare to other Expat hotspots?

The Thai Chamber of Commerce is optimistic the Thai economy will grow this year, citing the disbursement of the budget and the flourishing tourism sector as positive factors.

A Thai delegation on Tuesday visited the headquarters of the Organisation for Economic Co-operation and Development (OECD) in Paris, France to seek support for the kingdom’s application for OECD membership.

Nearly 70% of Thais said they are ready to receive the 10,000-baht digital wallet handout that is being launched as an economic stimulus measure, a recent poll shows.

It’s time for Thai exporters to start preparing for Spain’s new green regulation, which will go into effect from July 3, Commerce Minister Phumtham Wechayachai said.

KTC World Travel Service unveiled insights that during the Songkran festival, Thais have been increasingly travelling to China, particularly Guangzhou and Shanghai, following the introduction of Thai-Chinese visa waivers.  

The Songkran Festival is not only a key driver for the government to push "soft power" and compete with other nations, but it's also a golden moment to stimulate Thailand's short-term economy.

Thailand is preparing to enact legislation that will regulate the export of young durians in an attempt to serve markets with only the highest quality fruit. The move comes in response to the growing demand for durian, particularly in China, which is increasing steadily each year.

Phuket is seeing an ever-increasing number of yachts and cruise liners either berthing temporarily at its marinas or offshore, with as many as 159 vessels entering and leaving its waters in 2023, according to statistics released by the Transport Ministry.

Prime Minister Srettha Thavisin is closely monitoring the situation in the Middle East, particularly the escalating tensions between Iran and Israel, and has instructed agencies involved in foreign affairs, security, and the economy to report any significant changes and potential impacts on Thailand.