Thailand Business News covers the latest economic, market, investment, real-estate and financial news from Thailand and Asean. It also features topics such as tourism, stocks, banking, aviation, property, and more.
Addressing the poor quality of Thailand’s education system
The poor quality of Thailand’s education system, particularly in terms of applying knowledge to real-life situations, is rooted in the outdated curriculum that has not significantly changed in the past two decades.
Consumer Confidence rebounds in August following new government nomination
The consumer confidence index rose to 56.9, rebounding from a decline in the previous month. However, concerns remain about the slow economic recovery, high living costs, and rising interest rates.
Thailand Ranked 9th Among Most Business-Friendly Countries in 2023
The Royal Thai Embassy in the United States has announced through its Facebook page that Thailand has secured ninth place among 87 countries listed as the most open for business in 2023.
Thailand’s Rising Household Debt and Growing Risk of Bad Loans
In the first quarter of 2023, household debt reached 15.9 trillion baht, a 3.6% increase from the previous quarter, or 90.6% of the GDP. Real estate purchases and personal loans were identified as the main contributors to this growth.
Thailand’s Growth Revised Down Amid Disappointing Recovery
Tight credit conditions, elevated household debt, and higher interest rates will weigh on domestic activity and consumption in Thailand, hindering economic growth.
