Economy News
Thailand economy news, business updates, financial markets, and government policies—stay informed on economic developments shaping the nation. Get the latest from The Thaiger, your trusted source for Thailand economic news.
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Sponsored How to travel around Thailand for under US$30 a day
The Thaiger key takeaways Staying in budget hostels or guesthouses and eating street food keeps daily expenses low. Mixing buses, trains, and budget flights allows affordable travel between cities and islands. Free or cheap activities, such as temples, markets, parks,...
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KEX Express delists from SET but vows business as usual
KEX Express announced its voluntary delisting from the Thai stock exchange, assuring customers and partners that operations and services will continue as normal. The final trading day for KEX shares was yesterday, with the delisting taking effect today, October 15. This move follows a successful tender offer by its majority shareholder, SF International Holding (Thailand) Co Ltd (SFTH), which now…
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‘Half-Half Plus’ kicks off with cash boost for Thai vendors
Thailand has launched vendor registration for a new subsidy scheme aimed at boosting small businesses and consumer spending across the country. Deputy Prime Minister and Finance Minister Ekniti Nitithanpraphat kicked off merchant registration for the highly anticipated Half-Half Plus scheme (คนละครึ่งพลัส) today, October 15. The programme, designed to breathe life back into Thailand’s sluggish economy, aims to inject a whopping…
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Thai-Cambodian border conflict victims receive financial aid
Displaced residents in Buriram province have begun receiving compensation following uncertainties and damages caused by the Thai-Cambodian border conflict. Today, October 6, financial aid ranging from 2,000 to 5,000 baht per household was distributed, prompting locals to queue at ATMs as early as 1am. The support package is intended for families forced to evacuate due to clashes between Thai and…
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Baht holds steady as US shutdown spooks global markets
Thailand’s central bank reassured the public that no irregularities have been seen in local markets after the US shutdown triggered global financial jitters. The shutdown, which began after the US Senate failed to approve a temporary spending bill, has unsettled international markets and raised concerns over delayed economic data critical to the Federal Reserve’s monetary policy decisions. Yesterday, October 1,…
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Thai government pushes capital shake-up to win back investors
Thailand’s new government has unveiled plans to overhaul capital market regulations in a bid to restore investor confidence and boost economic growth. The newly installed administration has pledged to roll out urgent capital market reforms ahead of the next election in a bid to boost investor sentiment and economic momentum. At the centre of the plan is a sweeping regulatory…
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Young Thais drive fashion and beauty boom in local market
A nationwide survey found Thai consumers still favour local food and drink, while younger shoppers are driving growth in beauty and fashion products. The nationwide poll, carried out in August by the Trade Policy and Strategy Office (TPSO), gathered responses from more than 5,400 people across income groups and regions. It found that food and beverages remain the most popular…
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Thailand introduces new tax for vintage cars to boost tourism
The Excise Department has introduced a new tax for vintage cars and plans to allow them to operate on weekends and public holidays. Kulaya Tantitemit, Director General of the Excise Department, said the department supports the use of electric vehicles, including cars and motorcycles, under the EV 3.0 and EV 3.5 initiatives. These measures aim to position Thailand as a…
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Thai rice steals the show at Australia food expo
Thai rice gained fresh recognition in Australia after a government campaign at a major Sydney food expo drew thousands of visitors and strong consumer interest. The event, held in Sydney from September 8 to 11, attracted more than 2,000 visitors to the Thai booth, where the spotlight was firmly on Hom Mali rice. According to Department of Foreign Trade (DFT)…
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Thailand lifts afternoon booze ban to boost restaurants
Thailand has lifted its decades-old afternoon alcohol ban, a move welcomed by restaurants that expect higher sales and a boost to tourism and the economy. Today, September 11, Sorathep Rojpojchanarat, president of the Restaurant Business Association and honorary adviser to the Thailand Hostel Association, praised the move and thanked both the former administration and opposition parties for “listening to the…
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Grab backs Thai co-payment scheme to boost food sector
Food delivery companies have voiced support for a government plan to revive a co-payment scheme aimed at boosting restaurant sales and the wider economy. Industry leaders say the programme, previously credited with boosting small restaurant sales by up to five times, could offer vital relief as the economy slows. Chantsuda Thananitayaudom, managing director of Grab Thailand, confirmed the company’s full…
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China slowdown drags Thailand tourist arrivals down 7%
Thailand recorded a decline in foreign tourist arrivals and revenue as the tourism ministry reported fewer visitors from key markets, led by China and Malaysia. Thailand welcomed 21.88 million international visitors between January and August, according to data released by the Ministry of Tourism and Sports. The figure represents a 7.16% drop compared with the same period last year, with revenue…
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Chon Buri community market boosts local economy and spirit
A vibrant community market was set up in front of the Khao Mai Kaew subdistrict administrative organisation (SAO) meeting hall, in Bang Lamung district, Chon Buri, offering locals a platform to sell goods such as fresh produce, traditional sweets, and crafts, boosting the local economy and community ties. On Tuesday, September 2, the market attracted a vibrant crowd, with both…
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Thai government approves economic relief for border regions
Finance Minister Pichai Chunhavajira has approved a set of economic relief initiatives proposed by the Thai Chamber of Commerce (TCC) to support communities impacted by recent disturbances at the Thai-Cambodian border. The communities in need are located in the provinces of Trat, Chanthaburi, Sa Kaeo, Buri Ram, Surin, Si Sa Ket, and Ubon Ratchathani. After discussions with TCC Chairman Poj…
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Tough times hit Thai cinema as viewers cut back
Box office blues could be looming for Thai cinemas as cash-strapped moviegoers become pickier about what’s worth their ticket money. That’s the concern from top Thai studio GDH 559 Co Ltd Content Director Thodsapon Thiptinnakorn, who said the sluggish economy is making audiences more selective—possibly reducing their cinema visits from several times a month to just once. “Viewers may think…
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Thailand splashes billions on freight train mega-upgrade
Thailand’s freight trains are about to get a serious upgrade—to the tune of 2.46 billion baht. The Cabinet has approved a massive procurement plan for 946 brand-new container flatcars for the State Railway of Thailand (SRT), aimed at modernising the country’s outdated rail freight infrastructure and keeping pace with booming logistics demands. SRT Governor Veeris Ammarapala confirmed the project will…
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Trump teases new tariffs on drugs and chips
US President Donald Trump indicated yesterday that new tariffs on imported pharmaceuticals and semiconductors might be announced as early as next week as part of his ongoing efforts to reshape global trade. These comments were made during an interview with CNBC, occurring just days before another set of tariff increases is set to impact several economies later this week. The…
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Trump slashes Thai tariffs to 19% – but is there a catch?
US President Donald Trump has stunned Thailand and the wider ASEAN region by announcing a sharp cut in import tariffs on Thai goods, slashing rates from 36% to 19%. The decision, made public yesterday, July 31, via the former US president’s Truth Social platform, came just hours before an executive order was signed, locking the deal in from today, August…
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Thai govt unleashes 87 billion baht to jolt economy
Thailand’s government is throwing billions at the economy in a high-stakes bid to spark recovery before time runs out. With just two months left in the fiscal year, the Budget Bureau has unleashed 87.36 billion baht to fund 148 urgent economic stimulus projects, according to Deputy Finance Permanent Secretary Theerarak Saengsanit. The hefty injection accounts for 75.72% of the 115…
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Rushin’ back! Russian tourists flock to Thailand despite global turmoil
Russian tourists are packing their bags for Thailand in droves — and not even US sanctions, global instability, or stiff competition from Vietnam can stop them. Despite threats from US President Donald Trump to slap a 100% tariff on Russian goods unless peace is brokered in Ukraine, the Tourism Authority of Thailand (TAT) says the Russian market is still on…
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Thai MPs accuse government of trading national security for tariff cuts
Palang Pracharath Party (PPRP) MPs accused the government of concealing a significant deal with the United States from the public, claiming officials plan to allow the US to use a naval base in southern Thailand in exchange for a tariff reduction. A group of MPs from the Palang Pracharath Party, led by Phang Nga MP Chakaj Phatthanakitwibun, held a press…
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Thailand pushes China to fast-track fruit and rice exports
Thailand is turning up the heat on China to help fast-track its tastiest exports—from sweet tamarinds to juicy pomelos—in a high-stakes trade push aimed at cracking the world’s biggest consumer market. The Ministry of Commerce is pulling out all the stops to promote Thailand’s prized Geographical Indication (GI) products in China, urging Beijing’s top trade agency to speed up the…
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Electricity rates review set as Thailand aims to cap prices
The Energy Regulatory Commission (ERC) will gather public input on the new electricity rate for the upcoming September to December period, the last quarter of this year. This initiative, scheduled for today, aims to ensure electricity prices align with government policies. Yesterday, July 16, Permanent Secretary of the Ministry of Energy Prasert Sinsukprasert announced that the ERC will open discussions…
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Farm fury erupts as US trade demands threaten Thai agriculture
Thailand is under mounting pressure as trade talks with the United States teeter on the edge of crisis, with farmers warning that Washington’s demands could devastate local agriculture and threaten national food security. Deputy Prime Minister and Finance Minister Pichai Chunhavajira confirmed today, July 16, that negotiations remain deadlocked as the US pushes Thailand to slash tariffs on pork, chicken,…
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Thailand plots digital baht revolution to lure big-spending tourists
Thailand is taking a bold leap to cash in on the crypto craze, with regulators unveiling plans to let foreign tourists spend their digital coins directly on everything from street food to luxury hotels. The Securities and Exchange Commission (SEC), in partnership with the Bank of Thailand (BoT), announced a groundbreaking crypto sandbox programme designed to boost tourism and inject…
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Fiscal 2025 revenue set to miss target amid economic slowdown
Revenue collection for the government’s fiscal year 2025 is anticipated to fall short of its target due to an economic slowdown, according to Finance Permanent Secretary Lavaron Sangsnit. From October 2024 to May 2025, net revenue amounted to 1.7 trillion baht, which is 12.7 billion baht, or 0.7%, below the target, though it is 1.7% higher compared to the same…
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Finance minister reveals final contenders to lead Bank of Thailand
Deputy Prime Minister and Finance Minister Pichai Chunhavajira confirmed yesterday that he has officially signed off on his nominee to lead the Bank of Thailand (BoT) and submitted the selection to the Cabinet for consideration today. Speaking to reporters, Pichai made it clear he had no reservations about collaborating with whichever candidate ultimately gets the nod. “Whoever is selected, I’ll…
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Home lottery bonanza: 5,000 cheap Thai homes up for grabs
The Ministry of Transport has announced plans to launch a lottery system to allocate the first phase of 5,000 affordable housing units under the ambitious Home for Thais scheme. If approved, the project will see residents moving into their new homes by late 2026. Deputy Transport Minister Surapong Piyachote revealed that following the recent signing of a memorandum of understanding…
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US deadline looms: Thailand races to avert tariff pain
Thailand is racing against the clock to defuse a trade crisis after Washington dropped a bombshell 36% tariff on Thai exports, forcing Bangkok to scramble for last-minute concessions and emergency bailouts before the deadline hits. The United States has given Thailand until August 1 to finalise trade proposals under its tough new Reciprocal Tariff policy. The Thai government confirmed it…
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Sweet crisis: Thailand races to rescue record longan harvest
Thailand’s mountains of sweet, golden longans are about to become a blessing and a headache all at once. Agriculture Minister Atthakorn Sirilattayakorn has ordered an all-hands-on-deck operation to tackle a record-breaking longan crop that’s expected to flood markets and risk crashing prices in the coming months. Speaking after chairing the first Policy Committee on Quality Longan Production Management meeting of…
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Thailand’s quiet bond with South Sudan takes off
Thailand has been quietly deepening its ties with Africa’s youngest nation, South Sudan, blending trade, peacekeeping, and even a dash of royal philosophy. Although diplomatic relations between the two countries remain limited—largely because South Sudan only gained independence in 2011—recent developments show that Thailand sees real opportunity in this far-flung relationship. The first formal step came on December 5, 2013,…
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