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 Weekend road trip routes across Thailand [2025]
Weekend road trips in Thailand are a great way to enjoy beautiful scenery, local culture, and quick getaways without much travel time. From winding mountain routes in the north to coastal drives in the south, every journey brings new sights...
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Solar flare-up! US tariffs scorch Thai imports in fiery trade row
A blistering tariff bombshell from Washington has lit a fire under Southeast Asia’s solar imports, with Thailand among the hardest hit, as the United States slaps sky-high duties of up to 3,521% on imports, claiming unfair competition from Asian suppliers. The US has launched a full-scale trade crackdown on solar imports from Thailand, Vietnam, Malaysia, and Cambodia, slapping colossal new…
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Phuket rakes in billions but begs for budget help
It may be Thailand’s crown jewel of tourism, raking in nearly 500 billion baht in revenue last year, but Phuket is struggling with crumbling infrastructure, water shortages, and traffic chaos — and local leaders say it’s time the government pays attention. Last year, Phuket welcomed 13–14 million tourists, generating 497.5 billion baht in revenue. Yet, despite the economic windfall, Governor…
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Thai massage steals spotlight at Osaka Expo 2025
Thailand is making waves and easing aches on the global stage, as the ancient art of Thai massage steals the spotlight at the World Expo 2025 Osaka Kansai. With expert therapists, soothing techniques, and herbal traditions on full display, visitors are lining up in droves to experience a touch of Thailand’s healing magic. The Department of Thai Traditional and Alternative…
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Songkran crowds pour 1 billion baht into Thai economy
It wasn’t just water flying this Songkran—cash was too. Thailand’s Maha Songkran World Water Festival has soaked the nation in celebration and injected a whopping 1.58 billion baht into the tourism industry, making it one of the most lucrative holiday events in recent memory. According to Government Deputy Spokesperson Anukul Phruksanusak, the five-day spectacle, held from April 11 to 15,…
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Thailand urged to address rising zero-dollar exports from China
Thailand’s economy is being short-changed by a flood of so-called “zero-dollar” investments and exports from China, with experts warning the government must clamp down, or risk a new wave of growth that benefits everyone but the Thais. Amonthep Chawla, chief economist at CIMB Thai Bank’s Economic Centre, said America’s latest tariff moves, both those aimed broadly and those specifically targeting…
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Chiang Mai aims for fingernail dance world record
In celebration of tradition and unity, Chiang Mai is preparing to break a Guinness World Record next Friday, April 19, with over 20,000 traditional fingernail dancers performing together at the historic Three Kings Monument. The event marks the ancient northern city’s 729th anniversary and promises to be one of the most spectacular cultural displays ever staged in Thailand. Organisers say…
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Nestlé challenges Thai court ban on Nescafé production
Nestlé has expressed concern for small business owners following a court order prohibiting the production and sale of Nescafé in Thailand. The company is preparing to file an appeal after Chalermchai Mahagitsiri, a shareholder in Quality Coffee Products Co., Ltd. (QCP), sought a temporary injunction. Yesterday, April 9, a report detailed that Chalermchai initiated legal proceedings at the Min Buri…
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Macau jobs offer Thais up to 93k baht plus perks
Thai nationals now have the chance to land jobs at one of Macau’s most prestigious employers, with salaries reaching up to 93,453 baht per month. Yesterday, April 9, Somchai Morakotsriwan, Director General of the Department of Employment, announced a major recruitment drive under the Ministry of Labour for positions at MGM Grand Paradise Limited, a luxury resort and casino operator…
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No grounds for panic: No coffee shortage or price hike, says DIT
The Department of Internal Trade (DIT) has confirmed that there will be no shortage or price increase for a well-known coffee brand, despite rumours to the contrary. They are closely monitoring the market, ensuring retail outlets display prices clearly, with penalties for non-compliance. Witthayakorn Maneenate, Director-General of the DIT, addressed concerns over rumours suggesting a temporary halt in the supply…
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Thailand and Bhutan sign landmark Free Trade Agreement
Thailand and Bhutan have signed a landmark Free Trade Agreement (FTA), strengthening economic ties and paving the way for closer trade cooperation. The historic deal was signed during Bhutanese Prime Minister Tshering Tobgay’s visit to Bangkok last week, coinciding with the 6th BIMSTEC Summit. Bilateral trade between the two countries has already surpassed 460 million baht, and Tobgay expressed confidence…
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Rice and fall: Thai fragrant rice at risk as US tariffs give Vietnam edge
Thailand’s Hom Mali fragrant rice faces a major threat in the US market as new reciprocal tariffs imposed by the US could see the country lose its competitive edge to Vietnam. The Thai Rice Exporters Association has raised concerns after the US imposed a steep 36% tariff on Thai rice, which will push prices up to US$1,400 per tonne from…
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Fuel prices in Thailand to drop by 0.50 baht per litre from April 4
Fuel prices will drop today, giving a welcome relief to motorists ahead of the Songkran festival. Starting today, April 4, petrol and diesel prices will decrease by 0.50 baht per litre, thanks to a government initiative aimed at easing the financial burden on citizens travelling home for the traditional Thai New Year celebrations. PTT Station made the announcement yesterday, April…
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GSB launches savings campaign with 100 million baht prize pool
In celebration of the Government Savings Bank (GSB)’s anniversary on April 1, the bank introduced the Save a Hundred, Win a Hundred Million campaign. Customers can participate by purchasing a one-year special savings bond with a minimum deposit of 100 baht. GSB chief Witai Rattanakorn announced the initiative, which offers a total prize pool of 100 million baht. The highlight…
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Trump’s 36% tax on Thailand: Impact on exports & survival tips
The America First policy under President Donald Trump has sent shockwaves through the global economy once again. This follows the announcement of a baseline tariff of 10% on imports from all countries, along with a reciprocal tariff aimed at countries with which the US has a large trade deficit. With this, Thailand has been hit with a 36% tax from Trump’s new…
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Thailand introduces retirement lottery to boost elderly savings
Parliament has given unanimous approval in principle for a bill to amend the National Savings Fund (NSF) Act 2011, setting the stage for a retirement lottery initiative. This scheme aims to bolster retirement savings by permitting the NSF to issue lottery tickets, a measure widely supported by MPs as a way to enhance financial security for the elderly. The proposal…
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Trump’s tariff tantrum: US slaps huge levies on world as trade war erupts
Donald Trump has thrown the world into economic turmoil, launching a full-scale trade war by slapping sweeping new tariffs on imports, including crippling levies on key allies. Thailand has been caught in the tariff crossfire too, with officials claiming the nation could suffer an US$8 billion hit if the US were to even up levies between the two countries. Semiconductor…
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Bringing home the bacon: Korat businesses struggle as pork prices soar
Rising pork prices have left business owners in Nakhon Ratchasima facing daily losses, with some considering closure. They urge the government to fulfill economic promises and address the needs of smaller businesses rather than focusing solely on the wealthy. At a gathering at Rabieng Kiang Nam restaurant in Hua Thale subdistrict, Mueang district, representatives from pork stalls and restaurants discussed…
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Fuel prices slashed to ease Songkran travel costs
Motorists across Thailand are in for a welcome surprise as fuel prices are set to drop just in time for the Songkran holiday rush. PTT Station announced a 0.50 baht per litre cut in retail prices for both petrol and diesel, effective from 5am today, March 28. The reduction is part of a wider initiative by the Oil Fuel Fund…
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Thai Cabinet approves tax breaks for big EV investments
The Cabinet has approved a draft decree to offer tax incentives for companies investing in large commercial electric vehicles (EVs). This measure allows companies to claim double the expense for locally produced EVs and 1.5 times for imported ones. Deputy Government spokesperson Sasikarn Watthanachan stated that the decree aims to encourage the use of large commercial EVs, such as electric…
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Digital money registration opens for those sans smartphones
The latest update on the economic stimulus programme reveals that those without smartphones can register for the 10,000 baht digital money initiative. Deputy Prime Minister and Finance Minister Pichai Chunhavachira stated that the Ministry of Finance is tasked with determining a suitable registration period for these citizens. Deputy Finance Minister Julapun Amornvivat highlighted that the registration process for those without…
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Counterfeit Thai coconut drinks deceive Chinese consumers
The Department of International Trade Promotion (DITP) in Thailand has reported concerns about the imitation of the Thai coconut drink brand “IF” by a Chinese brand “TF”, widely available on Chinese e-commerce platforms. The imitation products, reportedly identical in packaging and name to the IF brand, are confusing Chinese consumers. Despite their similarities in appearance, the TF brand differs from…
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Thailand pushes forward 1 trillion-baht Land Bridge project
Transport Minister Suriya Jungrungreangkit confirmed that Thailand is continuing with the Land Bridge megaproject, designed to connect the Gulf of Thailand with the Andaman Sea, attracting interest from China and Middle Eastern nations. Suriya, who also serves as a deputy prime minister, announced yesterday, March 24, that the government remains steadfast in advancing the 1 trillion-baht initiative. To attract investors,…
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United Nations urges Thailand to collaborate for sustainable future
A United Nations official called on the Government of Thailand, private sector, and communities to collaborate for the nation’s sustainable future. Kanni Wignaraja, Regional Director for Asia and the Pacific at the United Nations Development Programme, highlighted the need for inclusivity in these efforts. During her recent visit to Thailand for the Asia-Pacific Forum on Sustainable Development 2025, held from…
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Experts warn Thailand’s digital wallet plan could be a short-term fix
As Thailand plans its next round of digital wallet handouts, experts are raising concerns. The government’s initiative, aimed at distributing funds to teenagers, may not have the desired economic impact. In fact, some argue it could do more harm than good in the long run. The Thailand Development Research Institute (TDRI) urged the government to reconsider its approach, advising a…
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Tech it to the bank: Thailand’s data boom lures global giants
Thailand is quickly establishing itself as a key player in the global digital landscape, attracting major international data centre investments worth over 100 billion baht. The Board of Investment (BoI) reported that existing giants from the US, China, Japan, and South Korea are eager to expand their operations in the country, which is anticipated to exceed last year’s investment levels.…
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Digital boom: Thailand’s tech economy set for electrifying growth
Thailand’s digital economy is poised to skyrocket this year, with GDP expected to rise by a staggering 7.3% to hit 4.85 trillion baht, according to the Digital Economy and Society (DES) Ministry. This digital surge far exceeds the national GDP growth rate, sitting at 2.8%, totalling 19.2 trillion baht. Digital investment is also on a meteoric rise, predicted to grow…
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Credit crunch: Thai economy faces stormy skies
The Bank of Thailand (BoT) is sounding the alarm over slipping asset quality among wealthier borrowers, echoing a worrying trend seen in middle- and low-income groups as the Thai economy slows to a crawl. Minutes from the recent Monetary Policy Committee (MPC) meeting reveal mounting concerns about loan quality deteriorating across the board. This could lead banks to become even…
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Thai food takes Tokyo: Commerce Ministry serves up 2 billion baht export success
The Ministry of Commerce successfully facilitated Thai food exports exceeding 2 billion baht during the FOODEX Japan 2025 event in Tokyo. Sunanta Kangvalkulkij, Director General of the Department of International Trade Promotion, stated that the department collaborated with the Thai Chamber of Commerce and the Office of Commercial Affairs in Tokyo to present 59 Thai companies at the event. Held…
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Illegal Thai workers send billions home despite crackdowns
Thailand’s workforce abroad is pumping an astonishing 400 billion baht into the economy each year—much of it from illegal workers, according to Labour Minister Pipat Ratchakitprakarn. Despite government crackdowns, the number of undocumented Thai workers overseas remains high, with 382,699 working illegally last year alone. While Thailand sent 92,392 legal workers abroad in 2024, a drop of 11% from 2023…
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Thailand urges Singapore to boost rice and egg imports
Thai Commerce Minister Pichai Naripthaphan has urged Singapore to increase its imports of Thai rice and free-range eggs following the seventh Singapore-Thailand Enhanced Economic Relationship (STEER) meeting. Held on March 14 in Singapore, the meeting was co-chaired by Doctor Tan See Leng, Singapore’s Minister for Manpower and Second Minister for Trade and Industry. The discussions aimed at boosting trade and…
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