In a delightful twist of economic fate, the halls of government echoed with jubilant cheers yesterday as the nation embraced the latest blessing from the global oracle of credit ratings, S&P Global Ratings. The financial sages at S&P have cast their votes of confidence, affirming Thailand’s credit rating at a commendable BBB+ and maintaining a stable outlook. A clear nod to the government’s shrewd economic maneuvering, this endorsement has set the nation’s financial sails mightily into the favorable winds of fiscal optimism. As the world turns its wary eyes to the ever-volatile realm of international trade, with pitfalls like the US trade tariffs looming large, S&P remains upbeat about Thailand’s economic journey. They foresee a humble yet steady GDP growth of 2.3% in 2025, nudging up to 2.6% in 2026. Casting further into the future, the seers at S&P project an average annual GDP growth of 2.8% from 2025 to…
Posts published in “Thailand”
In a world where borders often serve as lines drawn in the sand to separate nations, tensions can bubble up like a pot of simmering curry. Not one to shy away from a diplomatic spat, Thailand finds itself in the middle of a territorial disagreement with its neighbor, Cambodia. Just this past Tuesday, the mighty Second Army—gatekeeper of the border regions—put its finest troops on display, showcasing rigorous training sessions, perhaps as a visual reminder: “We are here, and we’re ready!” Fast forward to the following morning and the air buzzed with anticipation as the Thai government took to social media—cue a dramatic entrance music of trumpets and drums. Perched on its digital soapbox, a resounding message echoed across its Facebook page: Thailand is steadfast in safeguarding its national sovereignty while firmly planting its flag of peace, hoping to resolve this territorial tête-à-tête through a blend of calm discussions, international…
The Ministry of Transport is gearing up to present a potentially transformative proposal to the Cabinet on June 4. This proposal aims to initiate refurbishment on the much-used fifth Thai-Lao Friendship Bridge. But this isn’t just any run-of-the-mill repair endeavor; it’s a project wrapped in ambition with a whopping budget forecast of 50 billion baht! Not just a structural facelift, this initiative promises to sprinkle some much-needed fairy dust on the economy as well. Thanks to a trusted ministry insider, we’ve got a glimpse into the grand economic game plan behind this development. The budget for economic stimulus, initially part of the digital wallet project standing tall at 157 billion baht, has seen a reallocation makeover. Various departments are eagerly lining up, ready to pitch their plans to get a piece of the proverbial pie. Let’s take a quick detour to the Department of Highways. Apparently, they’ve rolled out the…
Yesterday, the air around Thailand’s economic landscape was filled with optimism as the government warmly embraced the newest assessment from the renowned global credit rating agency, S&P Global Ratings. This report not only upheld Thailand’s credit rating at a solid BBB+ but also maintained a stable outlook, signaling buoyant investor confidence in the country’s economic stewardship. Unveiling its projections, S&P anticipated Thailand’s GDP to grow at 2.3% in 2025 and a slightly sunnier 2.6% in 2026. Despite looming global predicaments such as U.S. trade tariffs, the agency painted a promising picture with an average annual GDP growth of 2.8% from 2025 to 2028. Moreover, per capita income was expected to ascend from a respectable US$7,500 to US$8,100 by year-end, bolstered by a more robust baht. Upon hearing this appraisal, Jirayu Houngsub, the government spokesman, expressed that such ratings and outlook not only underscore but also distinguished the faith that investors…
In a bold leap towards equitable land distribution, the Ministry of Interior has recently completed a crucial milestone by issuing land title deeds for an impressive 53,437 plots. This is not just another bureaucratic achievement; it’s a tangible step towards transforming lives by enhancing access to land ownership across the nation. Presently, the mission continues with around 562,000 plots—spanning over a vast expanse of 2.8 million rai—that are patiently awaiting their rightful documentation. The inspiration behind this colossal endeavor? A heartfelt desire to empower each farming household with sufficient land to sustain a livelihood, in alignment with government policy. Imagine the possibilities when every family has a piece of the earth to call their own, enabling them to cultivate, nurture, and flourish. The ambition is large, but the timeline is set: within the next seven years, the ministry aims to wrap up this gargantuan task nationwide. According to the deputy…
Amidst the vibrant landscape of Thailand, a new season has arrived, bringing with it the wrath of intense rains, aptly named as “rain bombs.” These recent downpours have rekindled memories of the devastating floods of 2011, an event that had once brought bustling cities to a standstill and delivered a staggering blow to the economy. The last blast of this weather phenomenon occurred between May 25th and 27th, where torrents unleashed their power unabated. The origin of these storms? A more aggressive southwest monsoon sweeping across the shimmering waters of the Andaman Sea and the bustling Gulf of Thailand, enhanced by a powerful monsoon navigating through the upper realms of this enchanting country and its southern reaches. If it feels like a strange twist of fate, that’s because this year has been a medley of unusual climatic patterns, echoing across Thailand since the clock struck twelve on New Year’s Day.…
In the ever-dynamic realm of Thai politics, speculation can spread faster than the aroma of a spicy street food stall. However, when it comes to rumors of disunity within the United Thai Nation (UTN) Party, Industry Minister Akanat Promphan is here to spray some much-needed air freshener, clearing the air of all speculative odors. “Don’t worry, everything will be alright,” Mr. Akanat reassures with the calm confidence of someone who’s just polished off a comforting bowl of tom yum soup. Acting as the UTN Party’s secretary-general, Mr. Akanat has taken it upon himself to address the political gossip swirling around like an over-stirred cup of milk tea. The whispers of a potential internal rift had been simmering ever since a photo surfaced showing a few party MPs casually dining with Deputy Commerce Minister Suchart Chomklin, who moonlights as the party’s deputy leader. “Really, it was just an informal gathering. I…
The street once known as a vibrant hub of gastronomic delight, Banthat Thong Road, seems to have hit a pause button on its thrilling narrative. On what used to be a bustling, flavor-filled Friday evening, silence now trickles through the heart of this once-celebrated food haven. If you’re wondering what happened to this lively stretch hugging the space between Chulalongkorn University and the bustling National Stadium in Bangkok’s Pathumwan district, let’s unravel this tale together. Banthat Thong Road wasn’t always a culinary utopia. Just a few years back, it was merely a nondescript 2.5-kilometer stretch. However, thanks to modernization projects ignited by the visionaries at Chulalongkorn University, this dull pathway transformed almost overnight into a foodie’s paradise, teeming with spirited entrepreneurs and innovative restaurateurs. It became the beating heart for food enthusiasts, a rendezvous point for flavors and fun, stretching officially from Phet Phra Ram intersection to Saphan Lueng intersection.…
As the sun rises on another riveting day in political circles, Thursday promises to be no ordinary day for Thailand’s Senate committee. Former Prime Minister Abhisit Vejjajiva, a man known for his eloquence and sharp political insights, joins forces with the astute Deputy Finance Minister Julapun Amornvivat to cast their expert analysis on a topic sparking fiery debates across the nation: the controversial entertainment complex plan. This proposal, which includes the establishment of casinos, sits at the heart of a bill currently under the discerning eyes of the Senate. Led by the esteemed Sen Veerapun Suvannamai, the committee is convening its fifth installment of rigorous discourse and deliberation. Abhisit and Julapun, with their wealth of experience and political acumen, have been invited to provide their perspectives. While they prepare to dissect the intricacies of the plan, journalists and political analysts alike hang on their every word, eager to gauge the…
As India and Thailand joyously celebrate 78 years of diplomatic dance, these two vibrant nations are ready to boogie into an era of expanded cooperation, particularly in trade, investment, and tourism. Nagesh Singh, the suave Indian ambassador to Thailand, predictably has a front-row seat to this dazzling performance, and he’s all set to shine a spotlight on their historical and cultural camaraderie. Speaking with the Bangkok Post, he enthusiastically revealed, “Our economic ties are doing the cha-cha with vigor, and we’re keen on modernizing the Asean-India Trade in Goods Agreement to ensure it keeps pace with today’s dynamic economic tunes.” Thailand’s “Act West” policy — which cunningly takes advantage of Thailand’s marvelous maritime location, serving as a bridge between Southeast Asia and South Asia — syncs harmoniously with India’s “Act East” strategy. Launched in 2014, the latter is a melodious diplomatic overture meant to strengthen India’s ties with Southeast Asia…