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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Poverty in Thailand has been halved says govt
The Ministry of Interior insists that 1.9 million poor families have been rescued by the Thai government and that the state has halved the poverty problem in Thailand. The Permanent Secretary of the Interior Ministry, Suttipong Juncharoen, said poverty is a problem residents have to face and that the government cannot solve the problem by itself. Suttipong announced that the…
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Academics in Thailand welcome President Xi’s third term
Academics in Thailand welcomed news yesterday that Chinese leader President Xi Jinping secured an historic third five-year term as general secretary of the ruling Chinese Communist Party. President Xi’s third term will be viewed as undemocratic and autocratic by the Western powers but Thailand’s top boffins believe continuation is the key which will benefit the kingdom and ASEAN countries. Thai…
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Govt set up complaints hotline about pricey veggies
Noticed an increase in the price of vegetables? So has the government and that is why a complaints hotline has been set up for consumers to log their gripes. The Commerce Ministry’s Department of Internal Trade (DIT) yesterday made known it will monitor increases in the nation’s vegetable prices and promises to come up with measures to control prices. DIT…
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Jobs and shelter for Bangkok’s homeless an uphill battle
Providing shelter and jobs for Bangkok’s homeless population is being quoted as an “uphill battle.” According to Thai PBS World, Deputy Bangkok Governor Sanon Wangsrangboon made such comments after meeting with city officials and representatives of non-governmental organisations on Wednesday. The meeting was to discuss homelessness in Thailand’s capitol and to develop ways to find shelter and jobs for them.…
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Floods could take a toll on Thailand’s rice industry
Floods could take a toll on Thailand’s rice industry. The honorary president of the Thai Rice Exporters Association, Chookiat Ophaswongse, says it’s too early to estimate the value of damages since floods are still happening in many parts of the country. However, the Kasikorn Research Center estimates that the floods from August and October may cause around 2.9-3.1 billion baht…
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IMF says world economy about to hit recession
The International Monetary Fund (IMF) warns the world economy will be in a recession as it downgraded global growth projections for next year. The IMF warned policymakers that a worldwide recession will occur if the fight against inflation is mishandled. The IMF’s bleak assessment comes after reviewing the World Economic Outlook report. According to The Straits Times, the report was…
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Unhappy days! More Haagen-Dazs destroyed in cancer scare
Almost 28,000 Haagen-Dazs ice creams worth 12 million baht were destroyed in Samut Prakan Monday, even though the samples had not been found to contain a chemical linked to cancer. According to today’s Bangkok Post, the country’s Food and Drug Administration (FDA) deputy secretary-general, Weerachai Nolwachai, said on Tuesday that a number of countries in Europe had recalled Haagen-Dazs ice cream…
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Flooding may impact Thailand’s tourism recovery
Hopes for Thailand’s tourism industry to recover are being challenged by the worst flooding the kingdom has seen in years. With large areas of croplands being suffocated by seasonal storms and rising rivers, food prices are at risk of increasing while tourism recovery is undoubtedly being slowed. According to Bangkok Post, popular tourist destinations are now being flooded by heavy…
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Thai industries want to produce energy to combat rising costs
A survey by the Federation of Thai Industries (FTI) revealed that Thailand’s industrial sector wants to produce its own electricity to combat the rising cost of energy but they need government support to make it work. The Office of the Energy Regulatory Commission announced in August this year that the fuel adjustment rate for electricity would be raised to about…
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