Co-payment scheme offers limited boost As the government's "Thai Chuay Thai Plus" co-payment scheme approaches its halfway point, industry associations view its impact as minimal. Bangkok Post · Jul 30
Consumers upbeat, businesses cautious Consumer confidence rebounded for the first time in four months in June, supported by falling oil prices and the implementation of the "Thai Chuay Thai Plus" (Thais Help Thais) co-payment scheme, according to the University of the Thai Chamber of Commerce (UTCC). Bangkok Post · Jul 9
Chamber introduces regional AI institute Thailand has the potential to become a regional artificial intelligence (AI) and data centre hub by 2035, while positioning itself as a manufacturing base for humanoid robots, a leader in green digital infrastructure, and a primary source of AI talent, say pundits and academics. Bangkok Post · Jul 7
Consumers upbeat for 13th month Consumer confidence rose for a 13th straight month in June and posted the highest level in 40 months since March 2020, driven by a resilient tourism sector and increasing agricultural product prices. Bangkok Post · Jul 14, 2023
Delay poses risks to the economy The University of the Thai Chamber of Commerce (UTCC) expects a prolonged delay in the selection of a prime minister and formation of a new government, leading to protests that, if violent, will significantly affect tourism revenue, causing a loss of 500 billion baht, or a one percentage point decline… Bangkok Post · Jul 14, 2023
Consumer confidence ticks up in May Consumer confidence rose for a 12th straight month in May and hit the highest level since March 2020, boosted by a gradually recovering economy and a resilient tourism sector. Bangkok Post · Jun 8, 2023
Uptick in consumer confidence persists Consumer confidence in April rose for an 11th straight month, reaching the highest level in 38 months, helped by a reduction in Covid-19 infections, the recovery of domestic tourism and lively election campaigns nationwide. Bangkok Post · May 11, 2023
Survey finds household debt rising Average household debt for workers has hit the highest level in 14 years, attributed to durable goods purchases, investment to create income and daily expenses. Bangkok Post · Apr 27, 2023
Digital business estimated to reach B895bn this year Thailand's digital business still has great potential for growth, with the value of goods and services purchased via digital platforms (business-to-consumer) estimated to total 895 billion baht this year, up 17.9% year-on-year, according to a recent study. Bangkok Post · Apr 21, 2023
The price of populism After the Songkran celebrations peter out, Thais must contemplate the general election on May 14 and decide whether political parties' campaign pledges will really create a healthier economy. Bangkok Post · Apr 17, 2023
Consumers buoyant about tourism Consumer confidence rose for the 10th straight month in March, reaching the highest level in 37 months, boosted by the positive impact of easing Covid-19 outbreaks and the recovery of domestic tourism, which has left consumers feeling happier and more optimistic. Bangkok Post · Apr 11, 2023
Songkran spending to surge to B125bn Spending sentiment for the upcoming Songkran festival is expected to be lively as people have been hesitant for many months, but the country's economy is showing signs of recovery, driven by rapidly reviving tourism. Bangkok Post · Apr 4, 2023
Firms unfazed by US woes The collapse of US banks is expected to have only a minor impact on Thai companies and the overall Thai economy, according to the latest business survey by the University of the Thai Chamber of Commerce (UTCC). Bangkok Post · Mar 21, 2023
General election on May 14 The Election Commission has set the general election for Sunday May 14, with advanced voting a week earlier on Sunday May 7. Bangkok Post · Mar 21, 2023
Bangkok Post · Mar 9, 2023 Consumer confidence reaches three-year high Consumer confidence increased for the ninth straight month in February, boosted by recovering tourism, government stimulus measures, and the baht's weakness.
Bangkok Post · Feb 9, 2023 Confidence at 26-month high Consumer confidence rose to the highest level in 26 months in January, driven by the economic recovery, a surge in foreign tourist arrivals and the easing of the pandemic.
Bangkok Post · Feb 7, 2023 Valentine's spending to hit B2.39bn Spending on Valentine's Day this year is projected to top 2.39 billion baht, jumping 57.1% from last year and the first increase in five years, according to a University of the Thai Chamber of Commerce (UTCC) survey.
Bangkok Post · Jan 19, 2023 Survey predicts holiday outlay of B45bn Spending during the Chinese New Year festival, which starts on Friday, is expected to be the most active in three years, helped by the country's economic recovery and a revival in tourist arrivals.
Bangkok Post · Jan 19, 2023 Lunar New Year spending seen at 3-yr high Thailand's consumer spending over the Lunar New Year period could rise 13.6% to 45 billion baht (US$1.36 billion), a three-year high, as the economy recovers and China's border reopening bolsters tourism, a university survey showed on Thursday.
Bangkok Post · Jan 12, 2023 Consumer confidence rises again as recovery continues Consumer and business sentiment in December rose to the highest level in three years, driven by Thailand's economic recovery and a surge in foreign tourist arrivals.
Bangkok Post · Dec 22, 2022 New Year spending to hit B103bn Consumer spending during the New Year holiday is expected to reach 103 billion baht, pushed by the country's continued economic recovery from the pandemic.
Bangkok Post · Dec 16, 2022 Chamber estimates Thai growth to accelerate next year The University of the Thai Chamber of Commerce (UTCC) forecasts Thai economic growth of 3.6% in 2023, up from an estimated 3.3% this year, driven largely by the tourism revival, growing exports and a recovery in private consumption.
Bangkok Post · Dec 8, 2022 Consumer confidence hit 20-month high last month Consumer confidence increased for the sixth straight month in November, hitting a 20-month high, lifted by improved economic activity, an increase in foreign tourist arrivals and lower petrol prices.
Bangkok Post · Nov 9, 2022 Spending during World Cup set to rise Consumer spending during World Cup 2022 is expected to increase from the previous tournament held four years ago, driven by greater economic activity amid concerns over a possible surge in gambling on the matches.
Bangkok Post · Nov 4, 2022 Spending to hit 5-year high during Loy Krathong festival Consumer spending during the Loy Krathong festival is projected to be the highest in five years, helped by the country's reopening to foreign visitors and the government's stimulus measures.