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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Tesco slavery case – police interview 100s of Mae Sot workers
Police and labour officials in Mae Sot are interviewing more than 100 workers from the former supermarket supplier in the Tesco slavery case. Authorities are gathering information as they follow up on last week’s raid led by deputy national police chief Gen Surachate “Big Joke” Hakparn at the VK Garment (VKG) factory in the border town of Tak province. The…
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Thai Airways rehab plan soars ahead of schedule
The embattled Thai flag carrier has sold at least eight aircraft and other non-core assets since October, as part of Thai Airways‘ rehab plan. Thai Airways International updated its ongoing bankruptcy rehabilitation to the Stock Exchange of Thailand (SET). THAI, whose subsidiary – Thai Smile, made global headlines yesterday after a mid-air brawl captured on video went viral– said in…
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Thailand encourages coffee farming to meet growing demand in Asia
Palm and rubber farmers in Krabi are being encouraged to grow coffee, as demand rises faster in Asia than in other parts of the world. On a visit to a community coffee enterprise in Krabi’s Khlong Thom Nua, Deputy Commerce Minister Sinit Lertkrai said on Tuesday…. “Krabi’s coffee is gaining international attention thanks to its certification as a GI product.”…
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Pandemic winners and losers – them and us
The pandemic has not been all bad. It’s wrong to look only at the downside of widespread death, fear and grief. There have been pandemic winners and losers. Some people have made a lot of money, and that’s no bad thing, is it? According to Bloomberg, and Al Jazeera, as of yesterday, 131 billionaires had more than doubled their net…
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Commerce experts predict Thailand’s consumer spending will hit 17 year high during New Year
Commerce experts predict that Thailand’s consumer spending will hit a 17 year high during the New Year period coming soon. The president of the University of the Thai Chamber of Commerce (UTCC) discussed the UTCC’s predictions at a conference on “Consumer behaviour and spending during the 2023 New Year Festival.” The president, Thanavath Phonvichai, said the period is expected to…
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Thai baht depreciates against US dollar
After a recent surge of strength by the Thai baht earlier this month, it has now depreciated against the US dollar. As of today, December 16, the baht now stands at about 35 per USD, according to an executive at Kasikorn Research Center, Kanchana Chokpaisarnsilp. Yesterday, the baht was at 34.92 per USD, Daily News reported. Market strategist Poon Panichphiboon…
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FTI threatens to raise prices if govt hikes energy costs
It appears tourism won’t be the only thing on the rise in Thailand next year. Thai industries appear to be holding the government to account, threatening they will hike prices if the price of electricity is raised in the new year. Entrepreneurs under the Federation of Thai Industries (FTI) warned it will increase product prices by 5-12% if the government…
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Japanese government wants to offer additional 80,000 yen to new parents
Japan’s government is wanting to boost the amount given to new parents by 80,000 yen (US$585) to motivate citizens to have more babies. As the country’s birthrate has been declining for some time, the government has tried to find ways to boost family planning. According to the Japan Times, the Ministry of Health, Labour and Welfare currently offer a Childbirth…
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Arrogant Thai construction company rips off Myanmar migrant workers
An arrogant Thai construction company has been ordered to cough up wages it refused to pay to its migrant workers earlier this year. The arrogance of the unnamed building firm is underlined by the fact that no representatives came to court to defend or justify its action. The Labour Court in Phuket told the construction company to settle three months’…
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Thai baht soars to six-month high against US dollar
The Thai baht opened at 34.78 against the US dollar today, strengthening from yesterday’s close of 35 to a six-month high. The baht’s sudden rise is down to the Bank of Thailand’s (BOT) hiking the policy rate by a quarter point earlier this week. The BOT remains committed to a gradual monetary tightening policy, raising the policy rate from 1%…
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Thailand’s Board of Investment unveils transformation plans
Thailand’s Board of Investment (BOI) has come up with new ways to attract more investment into Thailand. The board’s target is an easy-to-swallow group of companies dubbed “smart and sustainable” according to Bangkok Post. The government’s effort to create a “new” economy in Thailand is focused, like almost every other Asian nation, on buzzwords. The board’s chosen buzzwords are “innovation”…
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Europe wakes up to US profiteering from Russia-Ukraine conflict
It appears Europe has finally woken up to Sleepy Joe’s foreign policy and US profiteering from the Russia-Ukraine conflict. The war in Ukraine has been blamed for higher fuel costs, the rise in inflation, austerity, and an economic meltdown throughout the world. Yet everything in the US garden appears to be rosy, profits are blooming and life goes on as…
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