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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Foreigners invest 5 billion baht in Thailand in January 2023
In the first month of 2023, foreign investment in Thailand amounted to 5.129 billion baht, the biggest investors being the Japanese, investing 3.588 billion baht. Foreign investment is expected to reach 100 billion baht by the end of the year. Today, Deputy Minister of Commerce Sinit Lertkrai revealed 52 cases of foreign investment in January under the Foreign Business Act…
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‘Eat more rice!’ Thai officials tell youth
“Eat more rice!” Thai officials are telling the country’s youth. The Thai Commerce Ministry wants young people to eat more rice. The ministry launched a campaign after a study showed that Thailand’s consumption of rice had fallen. The department launched the “Thai Kids Enjoy Thai Rice” roadshow, visiting 10 schools and weekend markets, Nation Thailand reported yesterday. The Thai Rice…
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Thailand’s Q4 economy slows as exports decline
Thailand’s Q4 economy grew by 1.4% in the final quarter of 2022 with hopes high for a tourism-led recovery. Southeast Asia’s second-largest economy grew slower than expected in the fourth quarter of 2022 as exports and manufacturing declined. The much-anticipated rebound in tourism will continue to boost the recovery this year as global demand for manufactured goods declines. On a…
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Thailand’s diesel price set to drop
Thailand’s diesel price was set to drop yesterday. The country’s domestic price of diesel was expected to drop by 0.5 baht per litre, according to the Oil Fuel Fund Office (Offo). This is the second reduction in diesel prices this month, with another 0.5 baht per litre drop scheduled for February 22. Officials determined last week that the price would…
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Thailand to give nation’s SMEs a digital leg up
Thailand plans to give the nation’s small and medium enterprises (SMEs) a digital leg up to help improve their businesses and boost the kingdom’s economy at the same time. Digital Economy and Society (DES) Minister Chaiwut Thanakamanusorn announced the department will include another 25 provinces in its plan to improve SME businesses, reported Bangkok Post. The “New-normal Market Transformation” initiative,…
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Thailand’s Valentine’s Day spending expected to jump for first time in 5 years
Thailand’s Valentine’s Day spending is expected to jump for the first time in five years this year, according to a survey by the University of the Thai Chamber of Commerce (UTCC). Spending is expected to hit over 2.4 billion baht this year, the survey said. The survey shows a 57.1% increase in spending compared to last year, with the majority…
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Thailand’s skilled workers to get minimum wage hike
Thailand’s Cabinet approved a wage hike for skilled workers in the country. The hike will range from 465 to 700 baht a day for 17 occupations spanning three sectors. According to the Bangkok Post, the Labour Ministry made the proposal which is intended to suit the capabilities of workers in fields that are in high demand. The hope is to end…
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