Thailand's household spending and debt accumulation have both slowed down, while debt payments are delayed despite higher wages, according to the Office of the National Economic and Social Development Board (NESDB).
The NESDB's report indicated that the household spending and and household debt in the second half of last year slowed down.
Private consumption dropped 2.9 per cent in line with outstanding loans for private consumption.
Commercial bank business has continued to slow, while non-performing loans have increased 26.6 per cent and credit card debt balances for more than three months grew 45.8 per cent.
Debt creation this year and debt payments depend on the economy and higher wages.
Employment has tended to rise by 3-4 per cent this year, thanks to improved exports, however under risk factors of the government's delay on infrastructure investment projects, reduced confidence in the business climate and political protests held back economic improvements.
Rangsit University's Centre for Economic and Business Research for Reform indicated that the ongoing political stalemate has already damaged the country to the tune of more than Bt490 billion.
BANGKOK, Feb 24 – Farmers rallying at the Commerce Ministry today opened the gate, sealed off since last week, to let civil servants into the building as they continued their demonstration to demand the long overdue payments from the rice pledging scheme.
BANGKOK, Feb 24 – Thai Immigration police arrested a 57-year old Belgian, Tcheo Joel Tcharada, a fugitive with valid arrest warrants issued by the Court of Verviers and Interpol accusing him of homicide.
BANGKOK, Feb 25 – Thailand's Civil Court ruling prohibiting the authorities from taking harsh action against anti-government protesters has disrupted the peace-keeping operation of the Centre for Maintaining Peace and Order (CMPO), according to a senior security official.
BANGKOK, Feb 25 – The Criminal Court has accepted for trial lawsuits by families of two protesters who were shot dead during the police crackdown at Phan Fah Bridge, Ratchadamnoen Avenue, last Tuesday.
BANGKOK, Feb 25 – A Red Shirt leader has called on the Royal Thai Navy to stop protecting protest leaders of the anti-government People’s Democratic Reform Committee (PDRC).
The Thai Farmers and Growers Association (TFGA) has give its support to the government’s move to issue bonds to raise funds for overdue payments to farmers from the rice pledging scheme.
BANGKOK, Feb 23 - The Office of the National Broadcasting and Telecommunications Commission (NBTC) on Sunday monitored the situation of mobile phone users cancelling Advanced Info Service (AIS) as their service provider as an anti-government protest.
YALA, Feb 23 - A husband and wife were killed in Bannang Sata district, as local authorities investigated the crime scene this morning.
Gunmen commenced shootings and burnt down two houses of villagers in the district causing the death of the couple, ages 66 and 60 years old, and three other cars were torched.
The deceased were shot in their heads and bodies. Over 50 ammo casings from an M16 were found at the scene and collected as evidence.
One of the targeted homes belonged to the victim's cousin where the gunmen also continued firing over 20 rounds and committed arson. No one was injured.
The ill-intentioned culprits fled and scattered nails along their escape route.
Authorities are investigating whether the acts were due to personal conflicts or related to the Southern insurgency.