Latest News in Thailand

Abhisit Announces Changes to Thailand’s Investment Laws
Prime Minister Abhisit Vejjajiva, in a speech about restructuring the Thai economy and riding out the economic crisis, has announced that the Thai government is moving to amend laws regarding investment in an attempt to increase the confidence of those investing in Thai businesses. The government is hoping [...]

Thai Economy Expected to Return to Health by End of 2010
Kanit Saengsuphan, director of the Fiscal Policy Research Institute, said Wednesday at a seminar called “Financial Situation in the Current Economic Crisis” that the economy is unlikely to return to normal growth until sometime around the end of 2010. He estimates that the growth rate [...]

400 Billion Baht Stimulus Plan Hopes to Boost Thai Economy
Today’s parliamentary session is expected to work toward approval of a 400 billion baht loan package designed to improve the state of the Thai economy. The debate in parliament will last through Tuesday and be carried live on Thai television. Finance Minister Korn Chatikavanij hopes [...]

Cambodia and Laos Removed from U.S. Trade Blacklist
Companies doing business in Laos and Cambodia will be eligible for loans from the U.S. government with the removal of Laos and Cambodia from a trade blacklist meant to prevent loans going to “Marxist-Leninist” governments by the U.S. export-Import Bank.
* President Obama [...]

ECONOMIC BLITZKRIEG
by Dave S.
Brian Bloom’s latest insightful article at www.gold-eagle.com got me thinking again. In an attempt to understand the tremendous, unprecedented economic and political developments of the past few years, I am putting forth the hypothesis that the ‘powers that be” in the West are engaged in a strategy of ‘Economic Blitzkrieg’ similar to [...]

Latest Travel Warning in Thailand
24 countries have issued travel warnings about traveling to Thailand, 10 of the 24 countries have raised the level of alarm of travel warning following the government’s violent and abusive crackdown on PAD anti-government protesters. The 10 countries are Australia, Canada, France, Germany, Italy, Ireland, Japan and the UK, ten counties [...]

Thailand’s Corruption Ranking/Rating in New Study
Thailand is up from 84th to 80th out of 180 countries, in a new study by Transparency International.
Thailand’s upgraded ranking is due to corruption charges against Thai politicians following 2006 coup that ousted the Thaksin government. In 2006 Thailand was 63rd, and 59th in 2005. In Asia, Thailand is [...]

English warned not to travel to Thailand
The Brits have been warned to avoid all but essential travel in Thailand as more violence has left one person dead and 40+ injured.
Tourists and Expats in Phuket, Bangkok, Chiang Mai and other popular tourist destinations in Thailand should be fine as long as they stay away from designated [...]

Dollar growing stronger against Thai baht
Due to the recent drop in oil prices and the political and economical tensions in Thailand the Baht has weakened against the dollar in last few months.
Bank of Thailand’s boss Tarisa Watanagase said the depreciation of Thai baht is in line with other Asian currencies. Bank of Thailand’s boss also [...]