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 9 most common health issues covered by insurance for expats in Thailand
Thailand is a popular destination for expats due to its affordable lifestyle and excellent healthcare system. However, settling in a new country often brings health concerns. To ensure you’re covered for the most common medical needs, understanding what expat health...
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Pattaya transforms Lan Pho Naklua into modern seafood market
Pattaya officials conducted an inspection of the nearly completed renovation at Lan Pho Naklua, which is being transformed into a modern seafood market. Pattaya Deputy Mayor Wuttisak Ruemkijakarn visited the site on Tuesday, February 11, to assess the progress of this transformation. He was accompanied by local government officials, relevant agencies, and residents. Wuttisak explained that the renovation aims to…
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Single Thais impact wedding industry with shifting social values
A growing number of Thais are opting to stay single, with reasons cited including evolving social values, financial constraints, and mismatched expectations. This trend is impacting businesses associated with romance, such as wedding planners and florists. In 2023, a survey by the National Statistical Office found that one-fifth of Thais were single. Within the reproductive age group of 15 to…
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Ex-alcohol chief toasts potential gains from lifting drink sales ban
Former chairperson of the Alcohol Beverage Business Association recently discussed the potential economic benefits of lifting the ban on alcohol sales from 2pm to 5pm as well as on religious holidays. The move aligns with Prime Minister Paetongtarn Shinawatra’s directive to review regulations that hinder economic stimulation and contradict tourism promotion policies. Thanakorn Kuptajit highlighted that revisiting these restrictions, including the…
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Trump’s metal meltdown: Steel yourself for the latest tariff tiff
Donald Trump announced his intention to impose a steep 25% tariff on all steel and aluminium imports into the United States, a move that promises to heat up trade tensions and could potentially throw a spanner in the works for America’s key trading relationships. Chatting with reporters aboard Air Force One yesterday, February 9, the US president confirmed that these…
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Thaksin tasked with cryptocurrency proposal by Malaysian PM
Thaksin Shinawatra has been tasked with proposing and recommending that ASEAN consider adopting a cryptocurrency. He will undertake this role as a personal adviser to Malaysian Prime Minister Anwar Ibrahim, who currently chairs ASEAN. Former Thai Prime Minister Thaksin was given this responsibility by the ASEAN chair due to his interest in cryptocurrencies. He emphasised the importance of the regional…
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Fruit frenzy: Contaminated durians to China halt Thai exports
The Department of Agriculture has halted the export operations of 26 durian packing facilities after China returned over 64 tonnes of durians contaminated with Basic Yellow 2 (BY2) today, February 7. The contaminated shipment, valued at over 12 million baht, was discovered following the implementation of stricter measures by the Chinese government. Raphiphat Chandrasriwong, Director General of the Department of…
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Thailand leads ASEAN dairy market with 19 billion baht in revenue
Thailand has emerged as a leader in the ASEAN dairy market, generating over 19 billion baht in revenue, according to a government spokesperson. The country’s strategic use of Free Trade Agreements (FTAs) has bolstered exports of processed milk products across ASEAN. Anukool Pruksanusak, deputy spokesperson for the Prime Minister’s Office, reported that Thailand has maintained its top position in ASEAN…
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Pattaya offers free Thai massages: Free job training
Pattaya residents and visitors can now enjoy free Thai massages and foot reflexology, thanks to a city initiative aimed at boosting employment and tackling poverty. Mayor Poramet Ngampichet recently visited a Thai massage and foot massage training programme, where participants were honing their skills as part of their certification process. Organised by the Social Welfare Office, the initiative aligns with…
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Gem of a deal: Bangkok fair set to sparkle with 3.5 billion baht in trade
Organisers of the 71st Bangkok Gems & Jewelry Fair expect the event to generate over 3.5 billion baht in trade. Scheduled for February 22 to 26 at the Queen Sirikit National Convention Centre (QSNCC), the fair is hosted by the Department of International Trade Promotion (DITP) and the Gem and Jewellery Institute of Thailand, with support from various public and…
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Thai seafood exports to US unaffected by fishing gear concerns
The Department of Fisheries aims to reassure the public that recent changes to Section 66 of a Fisheries Executive Decree will not impact seafood exports to the United States. There are concerns that the US might ban Thai seafood caught using fishing gear harmful to certain marine mammals. Bancha Sookkaew, Director General of the Department of Fisheries, responded to a…
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Chinese New Year spending in Thailand hits 51 billion baht
Public expenditure during the Chinese New Year is projected to reach 51.78 billion baht, marking the highest level in five years, according to recent government estimates. Sasikan Wattanachan, deputy government spokesperson, noted that this figure signifies a 4.5% rise compared to the previous year. It is also the first occasion since the Covid-19 pandemic that spending for Chinese New Year…
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No promises on 400 baht minumum wage: Labour chief
The long-awaited nationwide implementation of the 400-baht daily minimum wage remains uncertain, according to Labour Permanent Secretary Boonsong Thapchaiyuth. While some major tourism provinces like Phuket and Chon Buri began offering the increased rate from January 1, Boonsong admitted there is no guarantee the wage hike will extend to all provinces anytime soon. Speaking during the first meeting of the…
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Thailand and Yokohama strengthen Bangkok Port collaboration
The Port Authority of Thailand (PAT) and the City of Yokohama in Japan have formalised a letter of intent to enhance their port operations and infrastructure on the 10th anniversary of their partnership. Deputy Prime Minister Suriya Jungrungreangkit highlighted that this agreement will bolster cooperation in port development and infrastructure, with a focus on Bangkok Port. The collaboration aims to…
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Thai durians cleared for export to China after contamination checks
Deputy Agriculture and Cooperatives Minister Itthi Sirilattayakorn recently inspected the export of durians free from Basic Yellow 2 and cadmium contamination at the Nakhon Phanom border checkpoint. Itthi discussed export strategies to China with the Department of Agriculture and relevant agencies. Following Agriculture Minister Narumon Pinyosinwat’s urgent policy on safe, high-quality fruit for domestic consumption and export, efforts to address…
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Thailand bets big on casino boom under entertainment banner
In a daring move set to shake up the Land of Smiles, the Government of Thailand is pushing forward with a controversial plan to legalise casinos, sneakily packaged as entertainment complexes. This bold move comes hot on the heels of outspoken former premier Thaksin Shinawatra’s call to legalise online gambling, promising a windfall of tax revenue. Now, the Digital Economy…
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PTT Plc shifts gears: Oil giant explores new horizons
PTT Plc, Thailand’s oil and gas giant, is re-evaluating its tactics in the logistics sector, contemplating a shift away from its traditional petroleum roots. The national conglomerate is investigating fresh investment avenues in non-oil sectors, aiming to revamp its business footprint in the rapidly advancing world of logistics. Leading the charge is Chaya Chandavasu, PTT Senior Executive Vice-President for Corporate…
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Population decline: Thailand’s birth rate hits 75-year low
Mahidol University highlighted a significant demographic issue as Thailand recorded fewer than 500,000 births in a year for the first time in 75 years. In 2024, the country registered only 462,240 births, a marked decrease from 519,000 in 2023. Associate Professor Chalermpol Chamchan from Mahidol’s Institute for Population and Social Research noted that this is the fourth consecutive year where…
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Power play: Thailand set to slash electricity bills with tariff tweak
In a shock move that could see electricity bills slashed, the Energy Regulatory Commission (ERC) is eyeing a reduction in the power tariff by 0.17 baht per kilowatt-hour. This welcome change hinges on the government trimming its budget for renewable energy promotion. At present, the power tariff stands at 4.15 baht per unit, with a chunk earmarked for renewable energy…
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Israel to open 13,000 agriculture jobs for Thai workers
Some 13,000 jobs in the agriculture sector are set to be made available for Thai workers, as announced by Israeli Agriculture and Rural Development Minister Avi Dichter. In recent discussions held in Jerusalem, senior Thai officials, including Labour Minister Phiphat Ratchakitprakarn and Department of Employment Director General Somchai Morakotsriwan, met with Dichter. The Thai delegation visited Beit Hilkia Moshav on…
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Thai cinema reels in the big bucks, outshining Hollywood
Eight Thai films surpassed 100 million baht in revenue in 2024, capturing a 54% share of the domestic market, surpassing Hollywood films. Surachet Asavarueng-Anan, Chief Executive Officer of M STUDIO, a film production and distribution company in Thailand and abroad, announced yesterday, January 15, that the Thai film industry achieved significant success last year. The industry’s market share exceeded that…
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Second phase of 10,000 baht handout for elderly starts January 27
Finance Minister Pichai Chunhavajira announced that the second phase of the government’s 10,000 baht cash handout will start on January 27, two days earlier than initially planned. This phase will target approximately 3.5 to 4 million elderly citizens aged 60 and above, who will receive the funds through the government’s PromptPay app. The economic stimulus programme was originally designed to…
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Thailand boosts durian export checks after China ban
Thailand’s Ministry of Agriculture and Cooperatives is set to enhance its contamination screening processes for durians before export to China, following a temporary ban imposed by the country. Agriculture and Cooperatives Minister Narumon Pinyosinwat announced yesterday, January 14, that each durian shipment will undergo testing for Basic Yellow 2, a cancer-causing dye, along with cadmium and durian borers, prior to…
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Chulalongkorn University announces the ‘Future of Jobs 2025’
Chulalongkorn University President, Professor Doctor Wilert Puriwat, announced the findings from the Future of Jobs 2025 report. Chulalongkorn University is the only partner institution in Thailand to collaborate with the World Economic Forum (WEF) to propose a roadmap for coping with changes in the labour market over the 2025 to 2030 period. The report is based on a survey of…
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Thailand bets on man-made marvels for tourism cash boost
According to insiders at Krungthai Compass, man-made hotspots, from sports hubs to spectacular events, are set to propel Thailand to the brink of a tourism revolution thanks to a bold new strategy. Thailand is banking on an artificial allure to supercharge its tourism engine, with Krungthai Compass, a top research centre under Krungthai Bank, revealing that new, man-made tourist attractions…
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Taxing tunes: Music giant pitches cut to boost Thailand’s soft power
Thailand’s largest music company made a bold appeal to the government for a corporate tax reduction in the entertainment sector, arguing it could supercharge the industry and bolster the nation’s soft power ambitions. GMM Music Plc CEO Phawit Chitrakorn paints a picture of an industry that thrives on slim profit margins, clocking in at a modest average of 10%. Phawit…
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Thailand’s new housing project targets lower income families
Lower-income Thai citizens will soon have access to an affordable housing project through the Homes for Thais initiative, which offers accommodation on state-owned land without requiring down payments. The programme instead implements a monthly rental system. The Transport Ministry will present the project details to Cabinet today, January 13. Prime Minister Paetongtarn Shinawatra will launch the initiative on Friday, January…
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Rice to the occasion: Commerce Ministry fast-tracks SME trade talks
The Commerce Ministry is moving to accelerate the liberalisation of rice trade, with a meeting planned for January 17. This session aims to finalise strategies to assist small enterprises in becoming rice exporters, targeting concrete outcomes in the first quarter of the year. During a meeting on January 10 to discuss pressing policies, Commerce Minister Pichai Naripthaphan instructed all departments…
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Petrol prices cut in Thailand for Children’s Day celebrations
PTT Station has announced a reduction in retail prices for various types of petrol and gasohol, coinciding with Children’s Day celebrations. Starting today, January 11, prices will decrease by 0.30 baht per litre for petrol and all types of gasohol, while E20 will see a 0.40 baht reduction, and E85 will drop by 0.50 baht per litre. Following the adjustments,…
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Central Pattana’s 500 million baht Chinese New Year splash
Central Pattana Plc (CPN) isn’t playing small this Chinese New Year as they, together with Central Department Store Co Ltd (CDS), unleash a mega 500-million-baht spending spree on their dazzling The Great Chinese New Year bash. Running from now until February 6, this vibrant celebration is expected to dazzle at Central malls nationwide, including the ever-busy Esplanade Ratchada. Leading the…
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From heiress to hero: Thai FA Madam Pang’s journey
Madam Pang, a fifth-generation heiress from Thailand’s billionaire Lamsam family, has transformed Thai football with her passion, leadership, and jaw-dropping generosity. Born Nualphan Lamsam, the 58 year old business mogul comes from one of Thailand’s wealthiest families, with an estimated net worth of US$890 million (approximately 30.82 billion baht). As CEO of Mueang Thai Insurance and a pioneer in introducing…
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