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 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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Thai Cabinet mulls 10,000 baht handout under pressure
The Thai Cabinet will discuss the third phase of the government’s 10,000 baht handout at its meeting next week, with the rollout planned for May to June. Deputy Finance Minister Julapun Amornvivat confirmed that the schedule remains unchanged. “Everything is well prepared, and no changes have been made.” Approved last month as part of a larger economic stimulus package, this…
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Thailand’s LGBTQIA+ boom to boost economy by 152 billion baht
Thailand’s LGBTQIA+ community is fast becoming an economic force to be reckoned with, with a new study projecting a 152 billion baht boost to the nation’s GDP this year, fuelled by local spending and a surge in LGBTQIA+ tourism. According to research from Mahidol University’s College of Management (CMMU), more than 5.9 million LGBTQIA+ persons, around 9% of Thailand’s population,…
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Thailand PM pushes major transport projects in northeast region
Prime Minister Paetongtarn Shinawatra is advocating for major transport development projects in northeast Thailand, aligning with an upcoming mobile Cabinet meeting agenda in Nakhon Phanom tomorrow, April 29. This initiative precedes the PM’s scheduled visit to the area today, where the government is considering transport projects in Sakon Nakhon, Nakhon Phanom, and Mukdahan provinces. The aim is to transform the…
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Thailand pushes for inclusive job market for silver age workers
Jobsdb by SEEK, Thailand’s leading job platform, is advancing the country’s labour market by supporting the Silver Age workforce, those aged 55 and above, in preparing for a future shaped by AI technology and digital tools. As of yesterday, April 23, the Silver Age group comprises over 13 million people, roughly 20% of Thailand’s workforce, with projections of the country…
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Finance Ministry confirms 10,000 baht digital currency distribution
The Finance Ministry has confirmed the distribution of 10,000 baht in digital currency for phase three during the second quarter. The application is ready, with only integration with banks remaining. The release date for phase four has also been announced. Deputy Finance Minister Chulapan Amornvivat yesterday, April 22, stated that the ministry remains committed to its schedule for the economic…
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World Bank backs Thailand’s retirement lottery to boost savings
Thailand’s retirement lottery has received international acclaim, with the World Bank calling it a “remarkable innovation” for boosting retirement savings. The scheme, which cleverly combines the public’s love for gambling with the need for financial security, has sparked significant interest at the World Bank-International Monetary Fund (WB-IMF) Spring Meetings in Washington, D.C. The World Bank has expressed strong interest in…
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Thai rice exports drop 30% as Vietnam overtakes in global market
Thai rice exports have seen a significant 30% decline in the first quarter, raising concerns as Vietnam overtakes Thailand to become the world’s second-largest rice exporter. Chookiat Ophaswongse, honorary president of the Thai Rice Exporters Association, reported that during the first quarter this year, Thailand exported 2.1 million tonnes of milled rice, a drop from the same period last year.…
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Solar flare-up! US tariffs scorch Thai imports in fiery trade row
A blistering tariff bombshell from Washington has lit a fire under Southeast Asia’s solar imports, with Thailand among the hardest hit, as the United States slaps sky-high duties of up to 3,521% on imports, claiming unfair competition from Asian suppliers. The US has launched a full-scale trade crackdown on solar imports from Thailand, Vietnam, Malaysia, and Cambodia, slapping colossal new…
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Phuket rakes in billions but begs for budget help
It may be Thailand’s crown jewel of tourism, raking in nearly 500 billion baht in revenue last year, but Phuket is struggling with crumbling infrastructure, water shortages, and traffic chaos — and local leaders say it’s time the government pays attention. Last year, Phuket welcomed 13–14 million tourists, generating 497.5 billion baht in revenue. Yet, despite the economic windfall, Governor…
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Thai massage steals spotlight at Osaka Expo 2025
Thailand is making waves and easing aches on the global stage, as the ancient art of Thai massage steals the spotlight at the World Expo 2025 Osaka Kansai. With expert therapists, soothing techniques, and herbal traditions on full display, visitors are lining up in droves to experience a touch of Thailand’s healing magic. The Department of Thai Traditional and Alternative…
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Thailand to negotiate US trade policies, avoid pork imports
Deputy Prime Minister and Finance Minister, Pichet Choonhavan, outlined five strategies to address the issue of the so-called Trump tariffs, emphasising that Thailand will not import pork due to concerns about the impact on domestic producers. Following a meeting on Thailand’s approach to US trade policies, Pichet revealed that while no specific date has been set for negotiations with the…
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Thailand urged to address rising zero-dollar exports from China
Thailand’s economy is being short-changed by a flood of so-called “zero-dollar” investments and exports from China, with experts warning the government must clamp down, or risk a new wave of growth that benefits everyone but the Thais. Amonthep Chawla, chief economist at CIMB Thai Bank’s Economic Centre, said America’s latest tariff moves, both those aimed broadly and those specifically targeting…
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Chiang Mai aims for fingernail dance world record
In celebration of tradition and unity, Chiang Mai is preparing to break a Guinness World Record next Friday, April 19, with over 20,000 traditional fingernail dancers performing together at the historic Three Kings Monument. The event marks the ancient northern city’s 729th anniversary and promises to be one of the most spectacular cultural displays ever staged in Thailand. Organisers say…
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Nestlé challenges Thai court ban on Nescafé production
Nestlé has expressed concern for small business owners following a court order prohibiting the production and sale of Nescafé in Thailand. The company is preparing to file an appeal after Chalermchai Mahagitsiri, a shareholder in Quality Coffee Products Co., Ltd. (QCP), sought a temporary injunction. Yesterday, April 9, a report detailed that Chalermchai initiated legal proceedings at the Min Buri…
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Thailand student loan defaulters face 3,000 baht salary cuts
Thousands of student loan borrowers are in for a financial shock as the Student Loan Fund (SLF) prepares to slash an extra 3,000 baht from monthly salaries — and it’s all starting this month. The move has sparked a storm of confusion and concern among debtors, many of whom claim they’ve been making payments regularly. But according to the SLF,…
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No grounds for panic: No coffee shortage or price hike, says DIT
The Department of Internal Trade (DIT) has confirmed that there will be no shortage or price increase for a well-known coffee brand, despite rumours to the contrary. They are closely monitoring the market, ensuring retail outlets display prices clearly, with penalties for non-compliance. Witthayakorn Maneenate, Director-General of the DIT, addressed concerns over rumours suggesting a temporary halt in the supply…
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Thailand and Bhutan sign landmark Free Trade Agreement
Thailand and Bhutan have signed a landmark Free Trade Agreement (FTA), strengthening economic ties and paving the way for closer trade cooperation. The historic deal was signed during Bhutanese Prime Minister Tshering Tobgay’s visit to Bangkok last week, coinciding with the 6th BIMSTEC Summit. Bilateral trade between the two countries has already surpassed 460 million baht, and Tobgay expressed confidence…
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Rice and fall: Thai fragrant rice at risk as US tariffs give Vietnam edge
Thailand’s Hom Mali fragrant rice faces a major threat in the US market as new reciprocal tariffs imposed by the US could see the country lose its competitive edge to Vietnam. The Thai Rice Exporters Association has raised concerns after the US imposed a steep 36% tariff on Thai rice, which will push prices up to US$1,400 per tonne from…
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Thai construction materials price index hits 112.8 in March
The March 2025 construction materials price index, as reported by Poonpong Naiyanapakorn, Director of the Office of Trade Policy and Strategy under the Ministry of Commerce, rose to 112.8. This marks a 0.5% increase compared to March 2024, continuing a 10-month growth trend. The increase is attributed to accelerated government budget disbursements in the first quarter, driving demand for construction…
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GSB launches savings campaign with 100 million baht prize pool
In celebration of the Government Savings Bank (GSB)’s anniversary on April 1, the bank introduced the Save a Hundred, Win a Hundred Million campaign. Customers can participate by purchasing a one-year special savings bond with a minimum deposit of 100 baht. GSB chief Witai Rattanakorn announced the initiative, which offers a total prize pool of 100 million baht. The highlight…
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