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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    Where to travel in Thailand in July [2025]

    This month, I want to invite you to wander through art spaces, misty hills, and garden paths, where the only thing on the itinerary is to linger. Let’s take a slower route, one for the dreamers, the journal keepers, and...

  • Thai Cabinet mulls 10,000 baht handout under pressure

    Thai Cabinet mulls 10,000 baht handout under pressure

    The Thai Cabinet will discuss the third phase of the government’s 10,000 baht handout at its meeting next week, with the rollout planned for May to June. Deputy Finance Minister Julapun Amornvivat confirmed that the schedule remains unchanged. “Everything is well prepared, and no changes have been made.” Approved last month as part of a larger economic stimulus package, this…

  • Thailand’s LGBTQIA+ boom to boost economy by 152 billion baht

    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,…

  • Rate expectations: BoT tipped to slash interest rates

    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…

  • Thailand PM pushes major transport projects in northeast region

    Thailand PM pushes major transport projects in northeast region

    Prime Minister Paetongtarn Shinawatra is advocating for major transport development projects in northeast Thailand, aligning with an upcoming mobile Cabinet meeting agenda in Nakhon Phanom tomorrow, April 29. This initiative precedes the PM’s scheduled visit to the area today, where the government is considering transport projects in Sakon Nakhon, Nakhon Phanom, and Mukdahan provinces. The aim is to transform the…

  • Finance Ministry confirms 10,000 baht digital currency distribution

    Finance Ministry confirms 10,000 baht digital currency distribution

    The Finance Ministry has confirmed the distribution of 10,000 baht in digital currency for phase three during the second quarter. The application is ready, with only integration with banks remaining. The release date for phase four has also been announced. Deputy Finance Minister Chulapan Amornvivat yesterday, April 22, stated that the ministry remains committed to its schedule for the economic…

  • World Bank backs Thailand’s retirement lottery to boost savings

    World Bank backs Thailand’s retirement lottery to boost savings

    Thailand’s retirement lottery has received international acclaim, with the World Bank calling it a “remarkable innovation” for boosting retirement savings. The scheme, which cleverly combines the public’s love for gambling with the need for financial security, has sparked significant interest at the World Bank-International Monetary Fund (WB-IMF) Spring Meetings in Washington, D.C. The World Bank has expressed strong interest in…

  • Thailand urges stores to keep pork prices stable amid shortage

    Thailand urges stores to keep pork prices stable amid shortage

    The Department of Internal Trade (DIT) urges retail and wholesale stores to maintain stable pork prices despite recent supply-driven increases. Wittayakorn Maneenetr, DIT Director General, stated that consultations with the Department of Livestock Development and the Swine Raisers Association of Thailand have highlighted a reduced availability of pigs. Approximately 60,000 pigs are supplied daily, sufficient for domestic needs. The recent…

  • Thai rice exports drop 30% as Vietnam overtakes in global market

    Thai rice exports drop 30% as Vietnam overtakes in global market

    Thai rice exports have seen a significant 30% decline in the first quarter, raising concerns as Vietnam overtakes Thailand to become the world’s second-largest rice exporter. Chookiat Ophaswongse, honorary president of the Thai Rice Exporters Association, reported that during the first quarter this year, Thailand exported 2.1 million tonnes of milled rice, a drop from the same period last year.…

  • Phuket rakes in billions but begs for budget help

    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…

  • Thai massage steals spotlight at Osaka Expo 2025

    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…

  • Songkran crowds pour 1 billion baht into Thai economy

    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,…

  • Thailand to negotiate US trade policies, avoid pork imports

    Thailand to negotiate US trade policies, avoid pork imports

    Deputy Prime Minister and Finance Minister, Pichet Choonhavan, outlined five strategies to address the issue of the so-called Trump tariffs, emphasising that Thailand will not import pork due to concerns about the impact on domestic producers. Following a meeting on Thailand’s approach to US trade policies, Pichet revealed that while no specific date has been set for negotiations with the…

  • Chiang Mai aims for fingernail dance world record

    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…

  • Nestlé challenges Thai court ban on Nescafé production

    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…

  • Macau jobs offer Thais up to 93k baht plus perks

    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…

  • Thailand student loan defaulters face 3,000 baht salary cuts

    Thailand student loan defaulters face 3,000 baht salary cuts

    Thousands of student loan borrowers are in for a financial shock as the Student Loan Fund (SLF) prepares to slash an extra 3,000 baht from monthly salaries — and it’s all starting this month. The move has sparked a storm of confusion and concern among debtors, many of whom claim they’ve been making payments regularly. But according to the SLF,…

  • Thailand and Bhutan sign landmark Free Trade Agreement

    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…

  • Rice and fall: Thai fragrant rice at risk as US tariffs give Vietnam edge

    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…

  • Fuel prices in Thailand to drop by 0.50 baht per litre from April 4

    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…

  • Thai construction materials price index hits 112.8 in March

    Thai construction materials price index hits 112.8 in March

    The March 2025 construction materials price index, as reported by Poonpong Naiyanapakorn, Director of the Office of Trade Policy and Strategy under the Ministry of Commerce, rose to 112.8. This marks a 0.5% increase compared to March 2024, continuing a 10-month growth trend. The increase is attributed to accelerated government budget disbursements in the first quarter, driving demand for construction…

  • Trump’s 36% tax on Thailand: Impact on exports & survival tips

    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…

  • Thailand introduces retirement lottery to boost elderly savings

    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…

  • Trump’s tariff tantrum: US slaps huge levies on world as trade war erupts

    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…

  • Earthquake causes up to 100 billion baht damage, economy unaffected

    Earthquake causes up to 100 billion baht damage, economy unaffected

    Finance Minister Pichai Chunhavajira stated that the recent earthquake damage has not impacted the economy, while reaffirming the government’s commitment to support affected individuals. Reports suggest that up to 5,500 buildings in the capital might have sustained damage, with total financial losses potentially reaching 100 billion baht. Pichai mentioned on March 28, the day of the earthquake, that the ministry,…

  • Fuel prices slashed to ease Songkran travel costs

    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…

  • Thai Cabinet approves tax breaks for big EV investments

    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…

  • Digital money registration opens for those sans smartphones

    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…

  • Thai food fight: Restaurant industry left starving as spending drops 40%

    Thai food fight: Restaurant industry left starving as spending drops 40%

    Thailand’s restaurant industry is in turmoil, with purchasing power dropping by over 40% in the first quarter of 2025, according to Thanivarn Kulmongkol, President of the Thai Restaurant Association. The sluggish economic recovery and stagnant incomes have left consumers tightening their belts, opting for savings rather than spending, especially ahead of major festivals like Songkran. This downturn is affecting all…

  • Thailand pushes forward 1 trillion-baht Land Bridge project

    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,…

  • United Nations urges Thailand to collaborate for sustainable future

    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…