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 Moving with family? Here’s how to cut health costs in Thailand
Relocating to Thailand with your family brings exciting new opportunities, but it also comes with the challenge of managing healthcare costs in a new system. Thailand has both public and private healthcare options, each offering different prices and quality of...
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Thailand to continue US talks despite court blocking Trump’s tariffs
Thailand will continue negotiations with the US despite a US trade court’s decision to block President Donald Trump’s extensive tariffs on imports, according to Prime Minister Paetongtarn Shinawatra. The 38 year old Thai premier stated that the court’s ruling on Wednesday, May 28, is perceived as an internal US issue, adding that it remains unclear how Trump might proceed. Despite…
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Thai commerce ministry unveils 10 policies to boost exports
Commerce Minister Phichai Naripthaphan led a policy meeting at the Ministry of Commerce in Bangkok, attended by over 200 participants, including directors from the Department of International Trade Promotion and Thai ambassadors to the World Trade Organisation (WTO). The aim was to address challenges in Thai exports and present 10 urgent policies to advance international trade. The meeting saw collaboration…
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Thai PM proposes 3.78 trillion baht budget amid opposition criticism
Prime Minister Paetongtarn Shinawatra submitted a 3.78 trillion baht budget proposal for the fiscal year 2026 to the House of Representatives, initiating a four-day debate with the vote set for Saturday, May 31. The People’s Party criticised the proposal for not addressing current economic challenges, indicating their intention to reject it. Paetongtarn explained that the spending plan was crafted based…
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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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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 eyes F1 street race to boost tourism and economy
Prime Minister Paetongtarn Shinawatra has indicated promising developments for Thailand as the government continues its pursuit to host a Formula 1 street circuit race in the country. Yesterday, May 24, the PM engaged in discussions with Stefano Domenicali, CEO of Formula One Group, at the Monaco Grand Prix to assess the possibility of organising an F1 race in Thailand. This…
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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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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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Thailand’s Pride Celebration 2025 boosts rainbow tourism economy
Central Pattana Plc (CPN), part of Central Group and operator of Central shopping centres, is reinforcing its dedication to diversity and equality with the launch of Thailand’s Pride Celebration 2025: Pride For All. Nattakit Tangpoonsinthana, CPN’s chief marketing officer, highlighted that the campaign celebrates Pride Month as a recognition of human rights and a strategic element for economic expansion. Thailand’s…
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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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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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Krungsri delays new credit lines amid US tariff uncertainty
Companies are delaying the utilisation of new credit lines due to waiting for further clarification on US tariffs following the recent announcement of a 90-day suspension period, as reported by a Bank of Ayudhya (Krungsri) executive. Prakob Phiencharoen, who leads Krungsri’s corporate and investment banking group, stated that the bank is maintaining vigilance over corporate loan demand for the rest…
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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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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 government’s G-token gamble sparks legal, public backlash
The government’s plan to introduce the digital Government Token (G-Token) as a new fundraising strategy has been met with criticism from economic experts. They caution that this move could breach existing legislation and mislead the public. The Cabinet approved the digital token initiative on Tuesday, May 13, aiming to provide an alternative to traditional bonds for retail investors. G-Tokens are…
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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 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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Fuel shock: Thailand hikes petrol and diesel tax as oil prices drop
Motorists across Thailand are bracing for higher fuel prices after the government officially announced a fresh hike in excise taxes on petrol and diesel, just as global oil prices are falling. The move was confirmed by a new ministerial regulation published in the Royal Gazette and will take effect from today, May 7. Issued by the Ministry of Finance, the regulation updates…
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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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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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Chinese tourists vanish, Pattaya cruise sinks into crisis
A luxury Pattaya dinner cruise once packed with Chinese tourists is now struggling to stay afloat, after a dramatic drop in visitors forced mass layoffs and desperate reinvention. Ocean Sky Pattaya, a once-thriving restaurant cruise catering largely to Chinese travellers, has laid off 30% of its staff in a drastic move to slash costs as Chinese arrivals dry up. Buncha…
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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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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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