According to Transparency International’s 2022 Corruption Perceptions Index, Thailand’s ranking in terms of perceived levels of corruption increased by 9 spots, moving up from 110th in 2021 to 101st out of 180 nations.
Domestic demand and tourism key drivers for CLMV economic recovery
SCB EIC expects stronger CLMV economic growth in 2023, despite a global economic slowdown, yet remains below its pre-pandemic potential
Domestic demand and tourism will be key drivers for CLMV economic recovery in 2023.
JD.com to cease operations in Thailand and Indonesia
Local websites showed JD.com will end its services in Thailand from March 3 and in Indonesia from the end of the same month. Both units will stop taking orders on February 15.
Industries to Watch Out for Growth in Southeast Asia in 2023
Southeast Asia, or the ASEAN (the Association of Southeast Asian Nations) region as more commonly referred to in Asia, is among the fastest-growing regions in the world. According to the Asian Development Bank (ADB)
Finance Ministry Maintains 2023 GDP Growth Outlook at 3.8%
The Ministry of Finance is maintaining its economic growth outlook for 2023 at 3.8%, helped by a rebound in tourism and domestic demand, but exports are still expected to slow down this year.
Why China isn’t about to save Thailand’s economy yet
Analysts believe that while China’s reopening may help Thailand’s economy expand, it won’t be enough to return growth to pre-pandemic levels just soon.
Thailand Beats 2022 Tourism Target With 11.15 million Foreign Arrivals
The figure was higher than expected and represents a significant improvement for Thailand’s crucial tourism sector, which had been severely hampered by the pandemic’s rigorous entrance and quarantine regulations.
