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 How much travel insurance should cost you in Thailand (By trip length)
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Central Pattana unwraps festive cheer with finn-tastic partnership
Central Pattana Plc (CPN), Thailand’s retail powerhouse, is teaming up with a host of partners including the Tourism Authority of Thailand (TAT), the Embassy of Finland, Sculptra by Galderma, and Finnair to launch the extravagant The World’s Great Celebration 2025. With a whopping 700 million baht investment, this initiative aims to give Thailand’s economy a festive boost and reinforce its…
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Thailand cash splash: Foreign tourists send Visa spending soaring
Thailand is basking in a financial boom, with foreign tourists spending a staggering 90% more on Visa credit cards this year compared to the pre-pandemic high of 2019. While Thai travellers are tightening their purse strings amid a sluggish economy, foreigners can’t seem to get enough of the Land of Smiles. Visa Thailand’s country manager, Punnamas Vichitkulwongsa, revealed that Thailand…
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Golden opportunity: Thai investors ‘mint’ to act as prices hold steady
In an unexpected twist for the Thai economy, the Gold Traders Association (GTA) announced a welcome bout of stability in today’s gold prices, prompting savvy investors to make their move. As of today, October 28, the glint of gold remains constant—keeping the market at a tantalising standstill. The GTA’s latest update, released at 9am, confirmed the price for gold ornaments…
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Potential Trump return haunts global finance leaders at IMF meeting
Amidst the typical chatter of low growth, high debt, and conflicts flaring up, the real buzz at the annual IMF and World Bank meetings was the possible political comeback of Donald Trump. This was the hot topic for finance leaders in Washington last week, overshadowing the usual suspects on the agenda. According to some sources, Trump’s alleged leap in the polls…
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Thai government urges swift updates for digital wallet distribution
The Thai government confirms that the second phase of the 10,000 baht digital wallet distribution will reach all registered citizens, urging vulnerable groups to rectify any issues promptly to avoid forfeiting their rights. Today, October 26, Jirayu Huangsap, spokesperson for the Prime Minister’s Office, discussed the progress of the 10,000 baht economic stimulus transfer in an interview broadcast on the…
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Thailand raises retirement age to 65 for all sectors
Thailand’s Labour Ministry is set to extend the retirement age for both private and government sectors to 65 years, aligning it with countries like Singapore and Switzerland, announced Phiphat Ratchakitprakarn. Phiphat stated that the decision to increase the retirement age is influenced by significant advancements in health and medical technology, which have improved life expectancy. Additionally, the ministry plans to…
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Thailand outlines new measures to support Thai farmers
Commerce Minister Pichai Naripatapan, announced that the House of Representatives’ Agriculture and Cooperatives Committee met with the Ministry of Commerce to discuss policies and measures to assist Thai farmers both domestically and internationally. The focus was on key agricultural products such as rice, cassava, animal feed corn, and fruits, as well as the compilation of agricultural product data. The meeting…
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Finance Ministry unveils 2025 State Welfare Card for low-income boost
The Ministry of Finance has just rolled out brand-new registrations for the 2025 State Welfare Card, aiming to wrap up all the eligibility checks by March 31, next year. That’s right, a fresh round of financial lifelines is coming with 1,545 baht heading straight into the pockets of those who qualify. The buzz kick-started today, October 24, when it was…
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Travel subsidy scheme said to boost post-flood tourism in the north
The Tourism and Sports Ministry is considering increasing the budget for its tourism subsidy scheme to help tourism firms in the northern region recover from recent flood damage. Tourism and Sports Minister Sorawong Thienthong announced the plans following a meeting with Prime Minister Paetongtarn Shinawatra to discuss economic and tourism stimulus measures. The meeting followed Sorawong’s visit to flood-hit Chiang…
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Thousands miss 10,000 baht digital payout due to outdated IDs
The Ministry of Finance, through the Comptroller General’s Department, has initiated the disbursement of 10,000 baht digital money payout to targeted groups under the 2024 economic stimulus programme. This effort includes those with state welfare cards and persons with disabilities. The payout, which took place on September 25, 26, 27, and 30, reached a significant number of beneficiaries. According to…
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Thai Finance Ministry to tighten state welfare card criteria
Thailand’s Ministry of Finance is set to review the criteria for the State Welfare Card registration, aiming to exclude ineligible individuals after finding some recipients receiving as much as 10,000 baht per month in benefits. Deputy Finance Minister Chulapan Amornvivat announced a forthcoming meeting to discuss the progress of the new round of State Welfare Card registration. This comes following…
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GHB to launch loan app offering 8,000 to 1 million baht loans
The Government Housing Bank (GHB) is set to launch an application-based loan service aimed at small businesses, offering loans ranging from 8,000 to 1 million baht, with interest rates as determined by the Bank of Thailand (BoT). The Director of GHB, Withai Rattanakorn, announced that by next year, the bank targets to accelerate plans to enhance social support and long-term…
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Pump up: PTT station drops petrol prices by 0.50 baht per litre
PTT Station announced a reduction in retail petrol prices by 0.50 baht per litre for all types of gasoline and gasohol, effective today, October 17 after 5am. The new prices will come into effect starting today. The announcement from PTT Station outlines that the price for regular petrol will now be 43.64 baht per litre. Gasohol 95 will be available…
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Billion-baht investment boosts Pattaya’s Terminal 21 mall
The bustling beachside retreat of Pattaya is about to see its shopping scene taken to new heights. Land and Houses (LH), one of the country’s largest property developers, announced a massive 5.7 billion baht investment in its Terminal 21 Pattaya shopping mall, proving that the city’s economic potential is glowing as bright as its beaches. Terminal 21 Pattaya, which opened…
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Thailand’s industrial confidence dips as floods hit economy
Thailand’s Industrial Confidence Index dropped to 87.1 in September, down from 87.7 in August, announced Nava Chantanasurakon, Vice Chairman of the Federation of Thai Industries (FTI). The decline is primarily due to severe flooding across northern, northeastern, and central regions, impacting homes, agricultural areas, industries, and tourism, with economic losses estimated between 30 and 50 billion baht. The widespread flooding…
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Bank of Thailand slashes interest rates after four-year freeze
The Bank of Thailand (BoT) has stunned financial markets by slashing its key interest rate for the first time in four years, buckling under mounting pressure from the government to revive the sluggish economy. The unexpected move saw the one-day repurchase rate trimmed by 25 basis points, bringing it down to 2.25% from its 10-year high of 2.50%. This decision…
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Thailand Cabinet hits the right note with concert campaign
In a major bid to turn up the volume on tourism, the Thai Cabinet has launched a sensational music campaign aimed at luring world-famous artists to rock out in Thailand! With the goal of boosting both tourism and investment, it’s time for the Kingdom of Thailand to take centre stage. At a press conference yesterday, October 15, Prime Minister’s Office…
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Thailand boosts economy with overseas workers
Thailand has seen a significant boost in its economy, with over 55,000 workers sent abroad during the 2024 fiscal year, resulting in more than 270 billion baht added to their families’ incomes. Labour Minister Phiphat Ratchakitprakarn visited 364 Thai workers yesterday, October 11, who were undergoing pre-departure training before heading to Taiwan, Israel, and Japan. Among these workers, 321 are…
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Don’t ban TEMU: Thai experts call for enhanced trade standards
Thailand should embrace trade opportunities with China rather than follow Indonesia’s lead in banning the Chinese e-commerce platform TEMU, say experts. In light of Indonesia’s recent decision to prohibit the TEMU application, the International Institute for Trade and Development (ITD) voiced its opposition to a similar move by Thailand. Wimol Pankong, Deputy Director (Academic) of ITD, urged the Thai government…
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Young Thais increasingly rent homes due to high prices
A recent survey by DDproperty reveals that young people are increasingly opting to rent homes rather than buy them due to high prices and insufficient savings. Concerns about managing financial liquidity in an uncertain economy also play a significant role in this trend. The survey highlights that financial factors are the primary reason why consumers prefer renting. More than half,…
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Thai tunes set for world domination with PUSH & PULL strategy
Thailand is turning up the volume on the global stage. The Creative Economy Agency (CEA) joined forces with the National Soft Power Strategy Committee to launch its bold PUSH & PULL strategy, aiming to make Thai music a global sensation. With plans to send local artists to top international festivals and attract music industry bigwigs to Thailand, the country’s soft…
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New chairman could spell economic disaster, warns ex-bank boss
The race to appoint the next Bank of Thailand (BoT) board chairman has taken a dramatic turn as former governor Tarisa Watanagase warns that a bad choice could plunge the economy into chaos. In a fiery Facebook post, Tarisa urged the panel selecting the new BoT chair to exercise extreme caution, stressing that appointing the wrong person could open the…
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Fishing for solutions: Thailand turns invasive tilapia into tasty sauce
Thailand’s Department of Fisheries has unveiled an innovative approach to combat the invasive blackchin tilapia by converting them into fermented fish sauce. To tackle the spread of this species, which endangers commercially valuable fish stocks in nine provinces, the department will collaborate with local communities to process the blackchin tilapia into the popular condiment, according to department chief Bancha Sukkaew.…
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Thailand gets into gear as US-China tensions boost its economy
As the United States and China continue their economic tug-of-war, Thailand has ultimately emerged as an unexpected beneficiary on the global stage. The Southeast Asian nation is poised to become a formidable player in the electric vehicle (EV) industry, a development that could reshape the automotive landscape in the region and beyond. This revelation came to light during the 4th…
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Finance ministry urges higher inflation target for policy rate flexibility
The Finance Ministry suggested adjusting the inflation target for next year to a range of 1.5 to 3.5%, up from the current 1 to 3%, to grant the Bank of Thailand (BoT) more flexibility in lowering the policy rate. A ministry source, who wished to remain anonymous, indicated that this change would enable the central bank to reduce the policy…
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Thailand’s LGBTQI+ discrimination costs the economy big time
Thailand’s economy is losing billions, and discrimination is the culprit. A new report by Open for Business reveals that LGBTQI+ exclusion is costing the nation a staggering 51.8 to 121.8 billion baht annually. This shocking figure comes from a mix of lost wages, healthcare costs, and missed economic opportunities, all linked to ongoing discrimination against the LGBTQI+ community. The report,…
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LINE MAN Wongnai expands food delivery across Thailand
LINE MAN Wongnai is significantly expanding in Thailand’s food delivery market, with over 10 million users monthly and more than 100,000 riders servicing all 77 provinces. Yod Chinsupakul, CEO of LINE MAN Wongnai, highlighted the continuous growth of the food delivery market in Thailand. The platform now caters to over 10 million users each month and has a rider network…
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Thailand welfare card benefits updated for October
Thailand’s Comptroller General’s Department has updated the welfare card benefits for October. Eligible individuals will receive various allowances and benefits starting this month, including purchasing allowances, transport subsidies, and additional disability payments. The welfare card benefits for October began on Tuesday, October 1. Teeraporn Phasuk, Deputy Director-General of the Comptroller General’s Department and spokesperson for the department, stated that those…
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Agriculture minister vows to expedite debt relief for farmers
Ekaphap Phonsue, spokesperson for the Ministry of Agriculture and Cooperatives, revealed that Saikrai Pimbueng, a committee member and secretary of the Farmers’ Rehabilitation and Development Fund (FRDF), recently met with Narumon Pinyosinwat, the Minister of Agriculture. The meeting aimed to discuss policies and actions concerning Thai farmers’ issues. Saikrai detailed that since 2019, the previous government had considered restructuring farmers’…
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AIS launches 5G movie package for youths at 299 baht monthly
AIS ZEED 5G launched the AIS ZEED 5G Movie Lover package, catering to youngsters who love watching movies and entertainment content both in cinemas and online. This package offers one free cinema ticket per month and a second ticket for just 50 baht at Major Cineplex theatres nationwide. Additionally, subscribers receive 10 gigabytes of high-speed Internet for streaming premium content…
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