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 Is private health insurance in Thailand worth it? Real costs vs risks explained
Thailand has a strong healthcare system with both public and private options. Public hospitals offer affordable care, but many people, including expats, choose private health insurance for faster service, modern facilities, and more treatment choices. To decide if private health...
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Double numbers dominate June 1 lottery history
Excitement is building as the Government Lottery Office (GLO) prepares for the June 1 draw, set to take place at The One Convention Hall in Bueng Kan Province. But before the big day, lottery enthusiasts are already analysing a decade of results to uncover fascinating patterns and lucky numbers. From 2015 to 2024, Khaosod Online has tracked government lottery results…
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Thai billionaire passes empire torch to next generation
Thailand’s second-richest man, Charoen Sirivadhanabhakdi, is handing over the reins of his sprawling business empire to his five children as he steps back from day-to-day management. The 81 year old billionaire has transferred ownership of two major listed companies to his offspring, signalling a major shift in the country’s corporate landscape. According to filings made late yesterday, May 26, by…
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Thailand eyes 100,000-tonne rice boom at global convention
Thailand is actively promoting its unique and high-quality rice varieties, with expectations that the Thailand Rice Convention will result in orders for 100,000 tonnes and generate revenue exceeding 2 billion baht. During the 10th Thailand Rice Convention 2025 held in Bangkok yesterday, May 26, Commerce Minister Pichai Naripthaphan emphasised the government’s dedication to advancing Thailand’s rice sector. The Ministry of…
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Thailand tightens checks on frozen durian imports to boost safety
Agriculture and Cooperatives Minister Narumon Pinyosinwat has directed a thorough inspection of frozen durian imports to Thailand, ensuring they are contaminant-free as part of the ministry’s aims to elevate standards and boost the value of this high-demand product. Narumon has tasked the National Bureau of Agricultural Commodity and Food Standards (ACFS) and the Department of Agriculture with inspecting facilities that…
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Thailand’s Visa payments slow despite higher visitor spending
Visa Thailand is experiencing slower growth in Visa card payments by inbound tourists, correlating with stagnant foreign tourist arrivals. Despite this, there has been an increase in spending per visitor, attributed to “higher quality travellers,” according to the card company. During April and May, foreign tourist spending in Thailand using Visa cards increased by 10% year-on-year. This is a decrease…
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PM Paetongtarn pushes UK trade and jobs boost in London talks
Prime Minister Paetongtarn Shinawatra engaged the UK private sector and Thai businesses in London this week to enhance trade, promote a free trade agreement, and boost employment opportunities for Thais. The discussions on Thursday, May 22, centred around increasing the trade value of agricultural and food products and expanding import channels for Thai goods, including lifestyle products. A Thailand-UK Free…
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PTT to cut costs amid US tariffs and oil price drop
National oil and gas company PTT Plc is preparing to tackle US tariffs and a decline in global oil prices by cutting costs and enhancing operational efficiency to improve profitability. The company is also facing challenges in the petrochemical and oil refining sectors. PTT’s strategy includes three initiatives: Axis to reduce spending, D1 to foster asset synergy within the PTT…
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‘Little Moscow’ boom: Russians fuel Phuket property frenzy
Phuket’s luxury property scene is getting a flashy new address—“Little Moscow.” Tucked in the serene north of the island, Nai Thon Beach is rapidly transforming into Thailand’s next ultra-luxe real estate hotspot, fuelled by foreign money, especially from Russian buyers escaping war and winter. The sleepy seaside village, nestled within Sirinat National Park and just minutes from Phuket International Airport, is…
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Bangkok job fair to offer over 600k opportunities next month
The Ministry of Labour will be hosting a significant job fair in Bangkok next month, presenting over 600,000 opportunities across various age groups to enhance national employment and prepare the workforce for future demands. Labour Minister Phiphat Ratchakitprakarn announced that Job Expo Thailand 2025 will take place June 6-8 at the Queen Sirikit National Convention Centre. The event will feature…
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New Thai apps take on delivery giants with just 5-baht fees
Thailand’s motorcycle taxi drivers and street food vendors are getting a long-overdue digital lifeline, thanks to two new low-cost platforms designed to beat big tech at its own game. On Monday, May 19, the Thai Health Promotion Foundation (ThaiHealth) and Chulalongkorn University’s Asia Research Cluster for Social Solidarity and Inclusive Economy unveiled two groundbreaking platforms: “Nong Khoei Ma Thao Rai?” (“Have…
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Pattaya’s diners crisis boils over as costs soar
Pattaya’s vibrant dining scene, once a culinary magnet for locals and tourists alike, is now being battered by a wave of soaring costs, and some restaurant owners say 2025 is shaping up to be even worse than the Covid-19 era. A toxic mix of rising gas prices, skyrocketing raw ingredient costs, labour shortages, and sluggish consumer spending is turning up…
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Robinhood takes over as Foodpanda bows out of Thailand
Thailand’s food delivery game just got a major shake-up — and it’s Robinhood taking the wheel. Yesterday, May 20, Thai-born delivery platform Robinhood announced a strategic redirection agreement with Foodpanda Thailand, as the international giant prepares to exit the country after 13 years of operations. The move, effective immediately, allows Foodpanda customers, restaurant partners, and delivery riders to transition smoothly…
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Top Thai vending brand to blend fresh fruit smoothies
Forth Vending Co Ltd, which operates Tao Bin smart beverage vending machines, intends to procure fresh fruit directly from farmers to enhance its smoothie and juice range. Wittayakorn Maneenetr, Director General of the Department of Internal Trade (DIT), expressed that the department is advancing the government’s fruit management strategy for the 2025 harvest season. To stabilise fruit prices and boost…
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PM Paetongtarn explores UK, Monaco for Thai market expansion
Prime Minister Paetongtarn Shinawatra will visit the UK and Monaco tomorrow until Sunday, May 25, aiming to explore new market opportunities in food, sports, and tourism. Government spokesperson Jirayu Houngsub announced yesterday that the prime minister, accompanied by officials from the Ministry of Commerce, the Ministry of Tourism and Sports, and other agencies, will leave for London this evening, with…
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Thailand bets big on rain with 1.17tn baht tourism push
Who says the rainy season is a travel killer? Thailand’s tourism chiefs are flipping the script with a bold new campaign aiming to turn soggy skies into serious cash, targeting a jaw-dropping 1.17 trillion baht in domestic tourism revenue in 2025. On Sunday, May 18, Deputy Government Spokesperson Sasikarn Watthanachan announced the launch of 12 creative tourism campaigns under the…
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Thailand postpones digital wallet scheme indefinitely
The Thai government indefinitely postponed the digital wallet programme, citing world economic issues and a new US tax policy as the reasons for the delay. The digital wallet scheme was a flagship campaign of the Pheu Thai Party and has been promoted since the General Election. The initiative is reported to be of the former Prime Minister Srettha Thavisin. The…
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Thai state banks urged to bolster export businesses amid US tariffs
State-owned financial institutions are encouraged to implement measures to aid export businesses and the supply chain. During a policy briefing yesterday, May 15, Finance Minister Pichai Chunhavajira highlighted the impact of US reciprocal tariffs, predicting a two-year challenge for domestic businesses, particularly those involved in exports. Pichai urged these financial institutions to expedite the introduction of support measures, especially for…
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Thai stock market rebounds despite US tariffs and global volatility
Last month, the Stock Exchange of Thailand (SET) experienced volatility during the long holiday period. Before the Songkran festival, the SET was significantly impacted by US President Donald Trump’s tariff announcements, reaching a low of 1,056.41 points early in the month. The tariff news affected global stock markets; however, the gold price rose to over US$3,300 (approximately 113,190 baht) per…
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Thai durians bound for China amid export scramble
Thailand’s king of fruit is rolling out in full force this season, just in time to satisfy China’s insatiable appetite for durians. But behind the scenes, officials are scrambling to iron out export wrinkles and squash safety concerns. As durian season hits its peak, the Ministry of Agriculture and Cooperatives has declared Thailand is ready to meet booming demand from…
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Thailand boosts fruit distribution to counter declining prices
The Thai Commerce Ministry is tackling the issue of declining fruit prices by accelerating the distribution of 950,000 tonnes of produce both within Thailand and abroad. Commerce Minister Pichai Naripthaphan stated that the ministry is collaborating with various organisations to manage the surplus of fruit through measures encompassing production, marketing, export, processing, and trade facilitation. The aim is to distribute…
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Bangkok housing projects plummet, campus condos rise this year
LWS, a subsidiary of L.P.N. Development, reported a significant decline in new housing projects in Bangkok and its surrounding areas during the first quarter of 2025. The number of new projects and their value dropped by more than 50%. In contrast, campus condominiums have seen growth. The company hopes government measures to reduce fees will stimulate the market in the…
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Inflation tops concerns as Thai citizens urge government action
Consumer price inflation has emerged as the foremost concern among citizens, according to a survey by the National Statistical Office. The poll, which included families with members aged over 18, revealed a strong demand for government action on rising consumer costs as the Paetongtarn Shinawatra administration approached its six-month mark on March 12. Government spokesperson Jirayu Houngsub reported that 86%…
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Southern Thai watermelon gets GI boost in sweet victory
The Ministry of Commerce has officially designated the Koh Sukorn watermelon as Thailand’s first GI-certified watermelon variety, marking a significant milestone for the small island in Trang province. Deputy Commerce Minister Napintorn Srisunpang announced the news, calling it a victory for local identity and agricultural pride. “This sweet, sea-grown watermelon is a standout. Its flavour, fine texture, and colourful flesh make it unique not…
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Thai parents turn to pawn shops for school expenses
Parents across Thailand are increasingly turning to pawn shops to secure funds for their children’s uniforms and other essentials for the upcoming school term. With the new school calendar set to begin on May 16, these establishments are preparing for a surge in business. Pawn shops nationwide are bolstering their cash reserves in anticipation of the increased demand. In Nakhon…
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US tariffs force Thailand to cut growth forecast to 2.1%
The Ministry of Finance has revised its forecast for Thailand’s economic growth this year to 2.1%, down from the previous 3%, citing the impact of US tariffs and a global economic slowdown on Southeast Asia’s second-largest economy. Pornchai Thiraveja, director-general of the Fiscal Policy Office, indicated that if the US imposes a 10% tariff on Thai imports instead of the…
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Bangkok Bank speeds up yuan transfers to boost China trade
Bangkok Bank has launched an expedited yuan transfer service aimed at reducing costs and enhancing trade with China. Pipat Assawamongkol, assistant manager at Bangkok Bank Public Company Limited, announced that the bank now offers faster yuan transfers after receiving approval from China’s central bank to use the CIPS (Cross-border Interbank Payment System). The system allows direct transfers to CIPS member…
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Thailand electricity bills to drop as summer rates slashed
Good news for energy-strapped Thai households and businesses—your next electricity bill might finally give your wallet a break. The Energy Regulatory Commission (ERC) is expected to unveil a revised electricity tariff rate today, April 30, that will bring down costs for millions across the country. The adjustment, known as the Fuel Tariff (Ft) rate, is likely to drop from 4.15…
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AOT opens 30 billion baht airport land for private investment
The Airports of Thailand (AOT) is inviting private investment to develop 2,500 rai of land surrounding six major airports, with an estimated project value nearing 30 billion baht. The initiative aims to transform these areas into new economic hubs and enhance service quality and safety. Pavina Chariyathitipong, Acting President of AOT and Deputy Executive Vice President of Engineering and Construction,…
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Thailand’s LGBTQIA+ boom to boost economy by 152 billion baht
Thailand’s LGBTQIA+ community is fast becoming an economic force to be reckoned with, with a new study projecting a 152 billion baht boost to the nation’s GDP this year, fuelled by local spending and a surge in LGBTQIA+ tourism. According to research from Mahidol University’s College of Management (CMMU), more than 5.9 million LGBTQIA+ persons, around 9% of Thailand’s population,…
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Rate expectations: BoT tipped to slash interest rates
Thailand’s top bankers are bracing for a financial shake-up, with the central bank set to cut interest rates this week as economic headwinds from abroad leave growth floundering. The Bank of Thailand (BoT) is widely expected to trim its key policy rate by 0.25 percentage points tomorrow, April 30, as the kingdom battles a growing storm of economic setbacks. Kasikorn…
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