Aishwarya Gupta

452 posts
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Thailand plans to borrow 2.4 trillion baht in the next fiscal year

Thailand plans to borrow 2.4 trillion baht ($66.5 billion) in the next fiscal year, with half of the funding coming from government bond sales, to meet increased funding needs.
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Esso exits Thailand after Acquisition by Bangchak Corporation

The acquisition, worth 22.6 billion baht, allows Bangchak to increase its refinery capacity and expand its network of petrol stations. Bangchak plans to become the largest oil refinery company in Thailand
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Q2 GDP growth lower than expected at 1.8%.

The Thai economy grew slower than expected in the second quarter, with weaker exports offset by strength in tourism.
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Thailand’s household debt level hits 15 years high

With an average household now more than 500,000 baht in debt, the level of household debt is now at its highest in 15 years.
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Thai Finance Ministry lowers growth outlook for 2023 to 3.5%

The Thai Finance Ministry has revised its economic growth outlook for 2023 to 3.5% from 3.6% due to weaker global demand for exports.
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Thailand’s household debt surged to 90.6% of GDP

The Bank of Thailand has set a goal to align the household debt-to-GDP ratio with the Bank for International Settlements standard by limiting it to a maximum of 80%.
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Thailand improves to 30th place in the World Competitiveness Ranking

The report also pointed out some areas where Thailand needs to improve, such as infrastructure, education, health care, and environmental sustainability. These are crucial factors for enhancing the country’s long-term competitiveness and resilience.
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Thailand unveils 5 billion baht plan for tourism growth

The Tourism Authority of Thailand (TAT) has announced its plan for fiscal year 2024 with a budget of $144.2 million, which aims to increase off-peak tourism, boost spending per trip by 7%, and distribute income to a greater number of destinations.