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 Why health insurance costs more each year and how expats in Thailand can save more money
Each year, many expats living in Thailand see their health insurance premiums go up and often without a clear reason. This can be frustrating, especially when you're trying to plan your budget. But by understanding why prices rise and learning...
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Thailand’s Pride Celebration 2025 boosts rainbow tourism economy
Central Pattana Plc (CPN), part of Central Group and operator of Central shopping centres, is reinforcing its dedication to diversity and equality with the launch of Thailand’s Pride Celebration 2025: Pride For All. Nattakit Tangpoonsinthana, CPN’s chief marketing officer, highlighted that the campaign celebrates Pride Month as a recognition of human rights and a strategic element for economic expansion. Thailand’s…
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Bangkok job fair to offer over 600k opportunities next month
The Ministry of Labour will be hosting a significant job fair in Bangkok next month, presenting over 600,000 opportunities across various age groups to enhance national employment and prepare the workforce for future demands. Labour Minister Phiphat Ratchakitprakarn announced that Job Expo Thailand 2025 will take place June 6-8 at the Queen Sirikit National Convention Centre. The event will feature…
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New Thai apps take on delivery giants with just 5-baht fees
Thailand’s motorcycle taxi drivers and street food vendors are getting a long-overdue digital lifeline, thanks to two new low-cost platforms designed to beat big tech at its own game. On Monday, May 19, the Thai Health Promotion Foundation (ThaiHealth) and Chulalongkorn University’s Asia Research Cluster for Social Solidarity and Inclusive Economy unveiled two groundbreaking platforms: “Nong Khoei Ma Thao Rai?” (“Have…
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Pattaya’s diners crisis boils over as costs soar
Pattaya’s vibrant dining scene, once a culinary magnet for locals and tourists alike, is now being battered by a wave of soaring costs, and some restaurant owners say 2025 is shaping up to be even worse than the Covid-19 era. A toxic mix of rising gas prices, skyrocketing raw ingredient costs, labour shortages, and sluggish consumer spending is turning up…
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Krungsri delays new credit lines amid US tariff uncertainty
Companies are delaying the utilisation of new credit lines due to waiting for further clarification on US tariffs following the recent announcement of a 90-day suspension period, as reported by a Bank of Ayudhya (Krungsri) executive. Prakob Phiencharoen, who leads Krungsri’s corporate and investment banking group, stated that the bank is maintaining vigilance over corporate loan demand for the rest…
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Top Thai vending brand to blend fresh fruit smoothies
Forth Vending Co Ltd, which operates Tao Bin smart beverage vending machines, intends to procure fresh fruit directly from farmers to enhance its smoothie and juice range. Wittayakorn Maneenetr, Director General of the Department of Internal Trade (DIT), expressed that the department is advancing the government’s fruit management strategy for the 2025 harvest season. To stabilise fruit prices and boost…
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PM Paetongtarn explores UK, Monaco for Thai market expansion
Prime Minister Paetongtarn Shinawatra will visit the UK and Monaco tomorrow until Sunday, May 25, aiming to explore new market opportunities in food, sports, and tourism. Government spokesperson Jirayu Houngsub announced yesterday that the prime minister, accompanied by officials from the Ministry of Commerce, the Ministry of Tourism and Sports, and other agencies, will leave for London this evening, with…
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Thailand bets big on rain with 1.17tn baht tourism push
Who says the rainy season is a travel killer? Thailand’s tourism chiefs are flipping the script with a bold new campaign aiming to turn soggy skies into serious cash, targeting a jaw-dropping 1.17 trillion baht in domestic tourism revenue in 2025. On Sunday, May 18, Deputy Government Spokesperson Sasikarn Watthanachan announced the launch of 12 creative tourism campaigns under the…
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Thai government’s G-token gamble sparks legal, public backlash
The government’s plan to introduce the digital Government Token (G-Token) as a new fundraising strategy has been met with criticism from economic experts. They caution that this move could breach existing legislation and mislead the public. The Cabinet approved the digital token initiative on Tuesday, May 13, aiming to provide an alternative to traditional bonds for retail investors. G-Tokens are…
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Thai state banks urged to bolster export businesses amid US tariffs
State-owned financial institutions are encouraged to implement measures to aid export businesses and the supply chain. During a policy briefing yesterday, May 15, Finance Minister Pichai Chunhavajira highlighted the impact of US reciprocal tariffs, predicting a two-year challenge for domestic businesses, particularly those involved in exports. Pichai urged these financial institutions to expedite the introduction of support measures, especially for…
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Thai stock market rebounds despite US tariffs and global volatility
Last month, the Stock Exchange of Thailand (SET) experienced volatility during the long holiday period. Before the Songkran festival, the SET was significantly impacted by US President Donald Trump’s tariff announcements, reaching a low of 1,056.41 points early in the month. The tariff news affected global stock markets; however, the gold price rose to over US$3,300 (approximately 113,190 baht) per…
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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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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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Inflation tops concerns as Thai citizens urge government action
Consumer price inflation has emerged as the foremost concern among citizens, according to a survey by the National Statistical Office. The poll, which included families with members aged over 18, revealed a strong demand for government action on rising consumer costs as the Paetongtarn Shinawatra administration approached its six-month mark on March 12. Government spokesperson Jirayu Houngsub reported that 86%…
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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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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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Bangkok Bank speeds up yuan transfers to boost China trade
Bangkok Bank has launched an expedited yuan transfer service aimed at reducing costs and enhancing trade with China. Pipat Assawamongkol, assistant manager at Bangkok Bank Public Company Limited, announced that the bank now offers faster yuan transfers after receiving approval from China’s central bank to use the CIPS (Cross-border Interbank Payment System). The system allows direct transfers to CIPS member…
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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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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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Rate expectations: BoT tipped to slash interest rates
Thailand’s top bankers are bracing for a financial shake-up, with the central bank set to cut interest rates this week as economic headwinds from abroad leave growth floundering. The Bank of Thailand (BoT) is widely expected to trim its key policy rate by 0.25 percentage points tomorrow, April 30, as the kingdom battles a growing storm of economic setbacks. Kasikorn…
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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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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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Thailand urges stores to keep pork prices stable amid shortage
The Department of Internal Trade (DIT) urges retail and wholesale stores to maintain stable pork prices despite recent supply-driven increases. Wittayakorn Maneenetr, DIT Director General, stated that consultations with the Department of Livestock Development and the Swine Raisers Association of Thailand have highlighted a reduced availability of pigs. Approximately 60,000 pigs are supplied daily, sufficient for domestic needs. The recent…
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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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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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