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.
Economic outlook Outlook Quarter 3/2023
SCB EIC downgraded Thailand’s 2023 growth forecast to 3.1% after lackluster outturns in Q2 and export contraction.
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of Thailand’s education system, particularly in terms of applying knowledge to real-life situations, is rooted in the outdated curriculum that has not significantly changed in the past two decades.
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.