Thailand

Thailand records current account deficit of US$7.6 billion in April

Economic growth slowing due to impact from the Middle East war

Ekaterina Mittsel, who moved to Phuket after Russia invaded Ukraine, and her daughter Alisa, 6, at their home in Rawai.

Russians are thriving on Phuket, but the scene feels fleeting

Thousands who fled Russia after the invasion of Ukraine have built an enclave there. An air of impermanence hangs over their community

Indonesia’s central bank has stepped up issuance of rupiah bills to attract foreign inflows to support the rupiah.

War stress pushes Indonesia, Thailand to lean on short-term debt

Rupiah has hit record lows and become Asia’s worst-performing currency this quarter

International oil and gas majors, including TotalEnergies, are keen on potentially starting offshore exploration activities in the Gulf of Thailand.

Global fuel crisis adds urgency to Cambodian push to tap US$300 billion energy resources

Phnom Penh urges swift resolution of maritime row with Thailand to unlock assets; majors interested, but there are capacity challenges, minister says

Phuket is among the areas in Thailand where foreign homebuying has been concentrated.

Thai housing demand recovering, but outlook clouded by energy shock risks

Rising power costs, soft domestic demand, pullback in foreign buying expected to weigh on the sector

The trend of strong imports and a widening trade deficit is likely to continue if energy prices remain elevated and the AI boom continues to fuel trade flows.

Thailand’s trade deficit hits record US$10 billion as imports soar

Exports, meanwhile, are up 23.1%, slightly above the median forecast

A government agency has cut its forecast for foreign tourist arrivals in Thailand to 32 million people from 35 million, meaning it expects fewer visitors for a second year running.

Thai Q1 growth unexpectedly accelerates on spending, exports

GDP in the three months through March rises 2.8% from a year earlier

The state planning agency expects 32 million foreign visitors this year, down from about 33 million last year.

Thailand tighten rules on visas exemptions for tourists

The measures will come into effect within 15 days of an announcement in the country’s official gazette

The government would subsidise 60 per cent of essential purchases and consumers would pay the remaining 40 per cent.

Thailand defies court challenge to push through crisis borrowing

The plan includes cash handouts for about 13 million welfare cardholders

Prime Minister Anutin Charnvirakul’s borrowing plan is intended to fund cash handouts to about 30 million people and support farmers, fisheries and small businesses hit by rising costs.

Court challenge throws Thailand’s crisis loan plan into doubt

This comes as Thailand faces mounting strain from higher energy costs and weakening demand linked to the Middle East conflict