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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EU Free Trade Agreement talks resume after 7-year coup hiatus
After a 7-year delay following Thailand’s military coup, talks have resumed to create a Free Trade Agreement between Thailand and the European Union. The Ministry of Commerce hosted a meeting this morning between Thailand’s Commerce Minister, also a Deputy Prime Minister, and the Ambassador of the European Union to Thailand. The two met to have conversations about a variety of…
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Thai amulets come to blockchain, blessed by grandmaster of spells and charms
Thailand is introducing Thai amulets on the blockchain. Crypto Amulets are selling Amulet non-fungible tokens (i.e., NFTs). However, unlike other NFTS, this crypto has been blessed by a grand master monk of spells and charms. The monk is LP Heng and the company’s website that sells Crypto Amulets touts the monk for his mystical powers. The company, Crypto Amulets, praises…
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Goverment kind of discloses what the secret budget is spent on
The Thai government has shed some light on its “secret budget allocations” to parry criticisms that it should increase transparency about money being used on defence. The Prime Minister Operations Centre shared details on its Facebook page. They say the secret allocations taken out of the 3.1 trillion baht budget deal amounted to only .03% of the total (930 million…
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China arrests 1,100 in cryptocurrency money laundering bust
In what will only fuel perception in China that cryptocurrency is nothing more than a money laundering tool, security officials have arrested 1,100 people accused of using criminal profits to buy crypto. Chinese officials have been cracking down on cryptocurrency trade, which is banned in the country. The Ministry of Public Security in China says that Chinese police reportedly caught…
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2.25 billion baht approved for hiring 10,000 graduates
2.25 billion baht was approved yesterday by the Cabinet for the hiring of 10,000 new university graduates for a year in order to help economically struggling people during Covid-19. The money will come from an emergency fund from the central budget established to deal with the global pandemic. 28 state agencies will be responsible for hiring these 10,000 new employees…
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PM to chair meeting on Thailand’s re-opening as Phuket officials demand clarity
The Centre for Economic Situation Administration will today discuss plans for the revival of Thailand’s tourism sector at a virtual meeting chaired by PM Prayut Chan-o-cha. Attendees will discuss a future quarantine-free re-opening of 10 provinces considered popular tourist destinations: Chiang Mai, Bangkok, Prachuap Khiri Khan, Phetchaburi, Chon Buri, Phuket, Surat Thani, Krabi, Phang Nga, and Buriram. While Phuket is…
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Over 80% of massage shops in Pattaya closed “permanently”
The Eastern Spa and Wellness Associations says 80% of massage shops in Pattaya have closed forever, with fewer than 100 still able to operate. Speaking to the Pattaya News, the association’s president, Chairat Ratananophas, says the remaining businesses need financial support and clarity on when they can re-open. Currently, Covid-19 restrictions in the eastern province of Chon Buri mean massage…
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