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The Latest Breaking News from Thanavath Phonvichai

Consumer confidence continues to improve

Consumer confidence picked up for a fourth straight month in September, hitting an eight-month high, helped by a reduction in the Covid-19 infection rate and improved business activity following the relaxation of pandemic-era restrictions.

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Festival spending projected to hit B42.2bn

Spending at this year's annual vegetarian festival, scheduled to run from Sept 26 to Oct 4, is expected to improve compared with tepid spending in 2021, when the pandemic was still raging.

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UTCC survey suggests recovery on course

Despite the global economic slowdown, the Thai economy remains on course for a recovery, according to a recent business survey.

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Sentiment improves as recovery gathers pace

Consumer confidence picked up for the third straight month in August, helped by growing exports, recovering tourism, and improved business activities following the relaxation of pandemic restrictions.

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Thai household debt surges, reaching a 16-year climax

Thai households are dealing with the highest level of debt in 16 years thanks to prolonged Covid-19 outbreaks and slow economic growth, according to the latest survey by the University of the Thai Chamber of Commerce (UTCC).

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Consumer sentiment improving

Consumer confidence picked up for the second straight month in July, boosted by improved business activities following the continued easing of Covid-19 control measures.

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Mother's Day to see 9% rise in spending

Spending on Mother's Day is expected to increase by 9% this year to 10.8 billion baht, the highest level since 2012, as consumers feel less concerned about the Omicron variant of Covid-19, reflecting the start of the country's tepid economic recovery, according to the University of the Thai Chamber of…

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Cannabis valued at B43bn by 2025

Thailand's cannabis market is expected to grow by about 15% a year between 2023 and 2025, with the market value forecast to reach up to 43 billion baht in 2025, according to the latest study by the University of the Thai Chamber of Commerce (UTCC).

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Consumer confidence on the rise

Consumer confidence picked up for the first time in six months in June, boosted by emerging signs of an economic recovery following the continued easing of Covid-19 control measures and improved business activities.

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Inflation close to hitting 14-year high

Price pressures will persist into the third quarter, the Commerce Ministry has admitted, after the country's headline inflation rate hit a near-14-year high in June.

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Medical services set to see strong growth

The fields of medical services, beauty and e-commerce are tipped to see the brightest prospects in the second half of the year, according to the latest survey by the University of the Thai Chamber of Commerce (UTCC).

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UTCC lowers Thai growth projection

The University of the Thai Chamber of Commerce (UTCC) yesterday downgraded its economic growth forecast to 3.1%, from the 4.2% projection it made in November 2021, largely due to rising global energy prices.

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Bracing for the inevitable

Thailand is expected to enter a cycle of policy rate hikes in the second half of this year in response to persistently high inflation, according to research houses.

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Sentiment down 4 months in a row

Consumer sentiment plunged for the fourth straight month in April, hitting the lowest level in eight months, as consumers remained concerned about rising costs of living and high oil prices caused by the impact of Russia's invasion of Ukraine.

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Diesel users run into reality check

The government's decision to reduce financial pressure on its coffers by allowing the price of diesel to gradually increase starting from this month -- having been capped since October 2021 -- will result in households and businesses experiencing a harsh economic reality.

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Household debt reaches 14-year high

Thai households are saddled with the highest level of debt in 14 years and prospects remain worrisome as the Thai economy has not yet recovered while the prices of goods keep rising, weakening consumer purchasing power.

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Workers' debt at 14-year high amid price rises, slow growth: survey

Thai workers' debt levels have hit a 14-year high amid sluggish economic recovery and rising living costs driven by soaring fuel prices, a university survey showed on Thursday.

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Why is Thailand going through yet another dry Songkran?

Splashing has been banned during Songkran for a third consecutive year, frustrating some tourism operators. The decision was based on an increase in Covid-19 cases.

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Consumer confidence plunges again

Consumer sentiment dropped for the third straight month in March, hitting the lowest level in six months, as consumers remain concerned about the spread of the Omicron variant, higher costs of living and the impact of the Russia-Ukraine war.

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Survey finds tepid Songkran

Spending sentiment during the upcoming Songkran festival is expected to remain tepid, mainly because of a sharp rise in oil prices ignited by the Russia-Ukraine war and relatively high Covid-19 infections in the country.

Bangkok Post

Conflict will cost Thailand B245bn

The Russia-Ukraine conflict is estimated to inflict 244.70 billion baht's worth of damage to the Thai economy, dragging GDP growth to only 2-3% this year, if it is extended for the entire year, according to the latest study by the University of the Thai Chamber of Commerce (UTCC).

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Consumer sentiment dips slightly in January

Consumer sentiment declined for the first time in five months in January as consumers fretted about a spike in Omicron infections, the slow pace of the country's economic recovery and rising food prices.

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