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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Thai investors eye gold boom as prices set to surge
Thai gold prices are expected to rise sharply next year, driven by global economic uncertainty, rising central bank demand, and stalled trade talks. Thai gold trader MTS Gold Group predicts bullion will end 2025 at around US$4,380 (approximately 159,000 baht), just shy of the record US$4,379.13 seen in October. In Thailand, local gold prices are expected to hover between 67,000…
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Thai govt to hike VAT to 10% by 2030 in budget rescue plan
The government plans to gradually raise VAT to 10% to address rising deficits, as revealed by the finance minister during a major economic event in Bangkok. Finance Minister Ekniti Nitithanprapas revealed plans to gradually increase VAT, starting with a 1.5% rise to 8.5% by 2028. The announcement was made during his address at the Money Expo 2025 Bangkok Year-End, where…
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Thailand ‘Fast Pass’ to unlock stalled investment billions
Finance officials plan to present a new scheme to the economic Cabinet to fast-track approved investment projects and boost Thailand’s stalled capital flow. Thailand’s Finance Minister Ekniti Nitithanprapas will pitch the ambitious Thailand Fast Pass initiative to the economic Cabinet on Monday, November 24, aiming to cut red tape and expedite major domestic investment projects. The new scheme targets businesses…
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Thai budget deficit dips by 8.4% as economy stumbles on
Thailand’s Cabinet approved a new fiscal plan projecting reduced budget deficit and increased spending, aiming to stabilise the economy amid weak growth. Thailand’s government has announced an 8.4% reduction in the national budget deficit for the 2027 fiscal year, signalling a cautious step towards stabilising public finances amid a sluggish economy. Yesterday, November 18, the Cabinet approved a medium-term fiscal…
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Second cash splash eyed as Thai govt plans new co-pay scheme
Thailand’s government is planning a second phase of its co-payment scheme to support those who missed out earlier and boost spending in early 2026. The Finance Ministry is preparing to launch a second phase of the Khon La Khrueng Plus co-payment scheme early next year, aimed at those who missed out on the first round of registration. Lavaron Sangsnit, permanent…
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Loy Krathong to rake in 6.5 billion baht despite toned-down mood
Thailand’s Loy Krathong Festival is expected to draw nearly 2 million local tourists and generate billions in revenue, despite scaled-back celebrations nationwide. The Tourism Authority of Thailand (TAT) reports that around 1.91 million domestic tourists will take part in the nationwide festival today, November 5, opting for serene celebrations over the usual fanfare due to the national mourning period honouring…
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Thai firms hunker down as 2026 outlook remains gloomy
Thai business leaders have warned that the economy will remain sluggish in 2026, urging companies to focus on cost control and avoid risky strategies. At a recent seminar hosted by DailyNews, Pun Paniangvait, general manager of Thai President Foods Plc, maker of the popular Mama instant noodles, painted a cautious picture of the year to come. He pointed to declining…
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Gold Price in Thailand Drops 100 THB; Ornaments Sell at 62,200
The Gold Traders Association (GTA) announced the domestic gold prices today November 4, 2025. In the first announcement at 9:05 AM, the price decreased by 100 THB compared to yesterday’s closing price (Nov 3). The prices announced by the association are as follows: 96.5% Gold Bar Buy: 61,300.00 THB Sell: 61,400.00 THB 96.5% Gold Ornaments Base Tax: 60,079.08 THB Sell:…
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