The economic recovery continued to pick up in Q2 2022, expanding by 2.5% (yoy), due to a stronger-than-expected boost in private consumption and tourism, which offset weak goods exports. However, among the major ASEAN economies, Thailand’s recovery has proven to be the slowest and inflation the highest. The rising cost
Thailand Board of Investments (BOI), Nordic office, cordially invites you to join its webinar on measures to support your business development in Thailand, with BOI and testimonials from companies in the Technology sector. Interesting sub sectors are deep/hard tech, digital, automation, robotics, smart electronics and bio-circular & green technology. Webinar
The Omicron wave and the Ukraine war have slowed Thailand's recovery even further, prompting the World Bank to lower its growth forecast to 2.9 percent in 2022. Inflation reached a 13-year high as global energy prices rose, while consumer confidence fell to a 6-month low amid the Omicron wave. The
Thailand’s Center for COVID-19 Situation Administration (CCSA) approved on 18 March the lifting of the pretravel testing requirement for international arrivals beginning 1 April 2022, TAT said in this press release. The lifting comes as the kingdom prepares a four-phase plan to downgrade the COVID-19 pandemic to an endemic disease. Read
The economy showed signs of a rebound in Q4 2021. However, the combined shocks of the ongoing Omicron wave and the fallout of the Ukraine-Russia conflict on global energy prices, tourism and financial markets, will further set back the recovery. The number of foreign tourists fell in January, due to
The Thai stock market has tracked higher in consecutive trading days, gathering more than 35 points or 2.2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,680-point plateau and it's expected to see additional support on Friday. Read more here Source: RTT News
"Thailand International Health Expo" is the must-attended event for general public, medical staff, business professionals and experts from international arenas in order to share medical knowledge as well as being a platform to uplift and expand business opportunity in health and wellness technologies and innovations. Objectives of the event: To
On February 10, 2021, the Royal Thai Government Gazette publicized the Revenue Code Amendment Act (No.53), which mainly stipulates that non-resident electronic service providers and electronic platforms are required to register for VAT under certain conditions and allows tax documents and evidence to be provided electronically. Read more here Source:
Tourism receipts in 77 provinces set another historic low in 2021 with revenue declining by 69.55% to 241,350 billion baht, while the income gap between Bangkok and other major provinces remained wide, according to the Tourism and Sports Ministry. Read more here Source: Bangkok Post