Bank of Thailand Relaxes Regulations on Non-residents’ Transactions 

The Bank of Thailand is providing more flexibility for non-residents to undertake Thai Baht transactions without submitting supporting documents, including managing Thai baht liquidity in their Non-resident Baht Accounts.

Thai Revenue Department to tax foreign income starting next year

The new rule will take effect in 2024 and require individuals residing in Thailand for more than 180 days to declare any income earned overseas

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.

Resilience and Challenges: An Overview of the Thai Banking System in Q2 2023 (BoT)

The Thai banking system demonstrated resilience in the second quarter of 2023, with strong capital levels, loan loss provisions, and liquidity despite a slight contraction in loans and some deterioration in loan quality.

Post-election selloff hits Thai bourse, triggered by political uncertainty

The Stock Exchange of Thailand has suffered as investors are worried that the Move Forward-led coalition will not be able to form a new government until August

Foreign tourists hit 9.47 million

The tourism sector contributes about 20% to Thailand’s gross domestic product (GDP) and employs about 15% of its workforce. Therefore, the recovery of tourism is crucial for Thailand’s economic and social development.

Thailand Top News today

Thailand is a dynamic and diverse country that offers many opportunities and challenges for businesses. Here are some of the latest news and trends that affect the Thai economy and society today.

Move Forward to lead opposition coalition with 309 MPs

The coalition would have a total of 309 seats in the 500-member lower house, which is enough to pass legislation but not enough to elect a prime minister