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 Digital nomading in Chiang Mai? What US$1,000 a month really gets you
Chiang Mai has become a popular destination for digital nomads due to its low living costs, rich culture, and active remote work community. The city offers affordable housing, tasty food, reliable internet, and many co-working spaces, making it a great...
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Sweet crisis: Thailand races to rescue record longan harvest
Thailand’s mountains of sweet, golden longans are about to become a blessing and a headache all at once. Agriculture Minister Atthakorn Sirilattayakorn has ordered an all-hands-on-deck operation to tackle a record-breaking longan crop that’s expected to flood markets and risk crashing prices in the coming months. Speaking after chairing the first Policy Committee on Quality Longan Production Management meeting of…
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Thailand’s quiet bond with South Sudan takes off
Thailand has been quietly deepening its ties with Africa’s youngest nation, South Sudan, blending trade, peacekeeping, and even a dash of royal philosophy. Although diplomatic relations between the two countries remain limited—largely because South Sudan only gained independence in 2011—recent developments show that Thailand sees real opportunity in this far-flung relationship. The first formal step came on December 5, 2013,…
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Bacon backlash: Cheap US pork threatens Thai farmers
Thailand’s pig farmers are squealing in protest, warning the government that a flood of cheap American pork could cripple the nation’s entire agricultural sector and push thousands into poverty overnight. Yesterday, July 7, the National Swine Raisers Association (NSRA) issued a fiery statement urging officials to abandon any plans to open Thailand’s market to pork, offal and related products from…
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Deal or no deal? Thailand rocked by Trump’s 36% tariffs bomb
Donald Trump has lobbed another economic grenade into global markets, slapping punishing new tariffs on key US trading partners, including Thailand, in a fresh trade tirade that’s left allies fuming and markets tumbling. The US president kicked off his latest trade war salvo by revealing a raft of “reciprocal” tariff letters, and warned this was only the beginning. Starting August…
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Wage war: Hotels reel as 400-baht mandate hits hard
The government’s new minimum wage hike has sparked outrage among hoteliers already hanging by a thread. While Bangkok politicians celebrate, many in the provinces are calling it a death sentence for small businesses. On Tuesday, July 1, the Cabinet approved raising the daily minimum wage for hotel workers nationwide to 400 baht, with the decision fast-tracked into law via the…
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Bangkok Bank backs Thai businesses entering Indonesia’s market
Bangkok Bank (BBL) is prepared to aid Thai medium-sized enterprises (SMEs) looking to expand into Indonesia, where there is significant potential across various supply chain industries. During the 2025 Indonesia Investment and Trade Forum, hosted by Bangkok Bank and its Indonesian affiliate Permata Bank, BBL president Chartsiri Sophonpanich highlighted Indonesia’s promising economic and social prospects. The country’s GDP per capita…
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Thai Cabinet expands eligibility for ‘You Fight, We Help’ debt relief
Thailand is extending a lifeline to millions of debtors, expanding the eligibility for the popular “You Fight, We Help” debt relief initiative. The crucial change will allow debtors with arrears ranging from just one day to those overdue by more than a year to access vital assistance. To provide broader support, the Cabinet approved a revised framework that now includes…
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Jobless win big as Thailand ups unemployment payouts
Thailand’s workers are set to get a bigger lifeline as the Labour Ministry rolls out more generous unemployment benefits. The Labour Ministry officially approved higher unemployment compensation rates, offering fresh relief to insured employees under Thailand’s social security system. Marasri Jairangsi, Secretary General of the Social Security Office (SSO), confirmed that a new ministerial regulation took effect on Saturday, June…
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Chiang Mai aims to be entertainment hub with major film deal
Chiang Mai is set to become Asia’s next big entertainment hotspot, thanks to a groundbreaking new collaboration. Hylife Group, the city’s leading real estate, asset management, and manufacturing giant, has just signed a major Memorandum of Understanding (MOU) with the Busan International Film Festival (BIFF) and key industry partners to transform the northern Thai city into a regional film and…
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Army and prisoners tackle Thailand’s fruit labour crisis
To tackle the ongoing labour shortage and ensure a smooth harvest, the Department of Internal Trade (DIT) has launched an ambitious plan to handle the incoming fruit harvests from both the north and south of Thailand. The initiative, which has already gained support from military personnel and good prisoners, aims to streamline fruit distribution and provide much-needed assistance to farmers.…
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Grab Thailand rolls out 0% fees, AI tools to save restaurants
As Thailand’s economy stumbles and food businesses tighten their belts, Grab Thailand is stepping in with a bold new lifeline. The food delivery giant has launched a series of targeted initiatives aimed at helping small restaurant operators and solo entrepreneurs survive the current financial crunch, complete with zero commission deals, AI tools and micro-loans. Chantsuda Thananitayaudom, country head of Grab…
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Thai exports at risk as Strait of Hormuz closes
Thai National Shippers’ Council chairperson Tanakorn Kasetsuwan yesterday discussed potential impacts following Iran’s decision to close the Strait of Hormuz due to Middle Eastern tensions. Tanakorn yesterday, June 23, outlined six strategies to mitigate the effects on the oil, fertiliser, and agriculture sectors, urging the Thai government to ensure energy security and minimise long-term risks. The closure of the Strait…
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Thailand’s double-track railway project to revolutionise transport
The Ministry of Transport is pushing full steam ahead with the second phase of its ambitious double-track railway development project, which will span a massive 1,249 kilometres and cost an eye-watering 297.9 billion baht. Deputy Prime Minister and Transport Minister Suriya Jungrungreangkit, who is overseeing the project, has promised significant benefits for the country’s transport system. According to Suriya, the…
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Thai hotels warn of layoffs amid 400 baht wage hike proposal
The Thai Hotels Association (THA) has raised concerns about potential large-scale layoffs in the hotel sector during the low season, should the government proceed with plans to increase the daily minimum wage to 400 baht next week. The THA has submitted a petition to the prime minister, urging the cancellation of this policy. La-iad Bungsrithong, an advisor to the THA…
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Reforms urged for Bank of Thailand amid global financial shifts
The dean of the Faculty of Economics at the University of the Thai Chamber of Commerce has proposed significant changes to the role of the Bank of Thailand (BoT) to better align with internal economic dynamics and navigate global financial volatility. On June 22, Anusorn Tamajai made a suggestion yesterday, June 22, for the BoT to reconsider its exchange rate…
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Thai restaurants struggle with 400 baht minimum wage hike
The Thai Restaurant Association expressed concern about the impact of the recent decision to raise the daily minimum wage to 400 baht on the already struggling restaurant sector. This adjustment, effective from July 1, will apply to all workers in Bangkok and is extended to employees in most hotels and entertainment venues across the country. Currently, the minimum wage in…
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Phuket’s economy soars, but 600 Cambodian workers left stranded
Phuket’s economy is roaring back to life, with employment soaring by nearly 100% and tourism revenue skyrocketing. But while the island thrives, a pressing issue remains — the 600 Cambodian workers currently stranded without a repatriation plan. Phuket Deputy Governor, Suwit Pansengiam, gave a promising update today, June 18, revealing that tourism in Phuket has grown significantly since last year. With a revenue of 497 billion…
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Bangkok Expo 2032: Student’s bold vision could transform the city
What if Thailand finally hosted a World Expo — and it happened right in the heart of Bangkok? That’s the bold vision behind Bangkok World Expo 2032, the graduation thesis of Thanakrit Kanchanaram, a student from Chulalongkorn University’s Faculty of Architecture. His plan transforms Makkasan Station into a cutting-edge exhibition hub, making Bangkok the epicentre of innovation, culture, and urban revival. “Thailand…
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Thailand urged to unlock US$2 billion for green city investment
Thailand could unlock a flood of green investment — up to US$2 billion (approximately 65 billion baht) a year — by transforming its cities into eco-smart powerhouses, a top World Bank official told a major climate forum in Bangkok. Melinda Good, the World Bank’s Country Director for Thailand and Myanmar, delivered the bold message at the Road to Net Zero…
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Thailand SEC cracks down on margin loan misuse
The Securities and Exchange Commission (SEC) will initiate a second round of public hearings regarding tighter regulations on margin loans. This comes amid concerns that certain brokerages have allowed margin credit to be utilised for non-investment purposes. Surasak Ritthongpitak, the Assistant Secretary General of the SEC, indicated that forthcoming regulatory amendments will likely prevent securities firms from granting margin loans…
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Bangkok workers score 400-baht payday in wage shake-up
Workers in Bangkok are about to get a pay bump — and it’s not just the capital cashing in. From July 1, the minimum daily wage in Bangkok will jump to 400 baht, up from the current 372 baht, according to the national wage committee. The hike will also apply to thousands of hotel and entertainment venue staff across the…
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Cambodia bans Thai fruit and vegetables amid border dispute
In a dramatic escalation of tensions, Cambodia has slapped a ban on all imports of Thai fruit and vegetables following Thailand’s refusal to fully reopen all border checkpoints. The decision, announced today, June 17, comes after weeks of simmering tension between the two countries over unresolved border issues. Lieutenant General Sok Veasna, Director General of Cambodia’s General Department of Immigration,…
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Labour Ministry cracks down on illegal expatriate employment
Labour Minister Phiphat Ratchakitprakarn has directed a crackdown on expats working illegally in occupations reserved for Thai nationals. This decision follows over 4,400 arrests for such offences over the past nine months. Labour Ministry spokesperson Phumphat Muanchan stated that Phiphat instructed agencies to collaborate in safeguarding domestic jobs, stressing that illegal employment should not be normalised despite its widespread occurrence.…
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Thailand and US to begin trade tariff talks
Commerce Minister Pichai Naripthaphan has announced that Thailand and the United States are currently in talks, set to initiate technical-level discussions regarding the US tariff regime. Both countries have been actively preparing for these discussions, with the Thai Cabinet approving a negotiation framework last on June 10. On June 7, the US expressed its willingness to engage in talks, a…
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PM Paetongtarn calls for proactive diplomacy to boost economy
In a bold call for action, Prime Minister Paetongtarn Shinawatra has urged Thai diplomats around the world to take a more proactive approach to support the country’s economy, navigate shifting global dynamics, and maintain peace in the region. Speaking at the closing ceremony of the 2025 annual meeting of Thai heads of missions in Bangkok, Paetongtarn outlined clear strategies for…
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Cambodia’s Hun Sen calls for Thai film ban amid rising tensions
Cambodia is threatening to pull the plug on Thai culture and commerce as tensions with Thailand continue to boil over. Senate President Hun Sen has urged the Royal Government of Cambodia to consider banning Thai films and halting imports of Thai goods, citing rising hostility from Thai extremist groups. The bold remarks were made in a fiery social media post,…
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Thai Fruits Festival 2025 launched to boost domestic durian sales
The Department of Internal Trade (DIT) and the Thai Fresh Market Association have jointly initiated the Thai Fruits Festival 2025 by DIT to distribute quality durian and promote domestic consumption, aiming to support local fruit prices. Goranij Nonejuie, Deputy Director General of the DIT, announced the collaboration with the Yes Bang Phli market in Samut Prakan to enhance fruit consumption…
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Thai-Cambodia border tensions rattle SET index
Tensions at the Thailand-Cambodia border have unsettled investors, with the Stock Exchange of Thailand (SET) index declining by 4.8% since May 15. Krungsri Capital Securities (KCS) reported that cross-border commerce disruptions and shaken confidence in sectors linked to Cambodia, such as beverages, food, cinemas, and hospitality, are contributing factors. Carabao Group, which generates 10% of its sales from Cambodia, and…
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5th Thai-Laos bridge to boost trade to over 28 billion baht
The fifth Thai-Laos Friendship Bridge is set to open by the end of the year, boosting cross-border trade to over 28 billion baht. Deputy Prime Minister and Transport Minister Suriya Jungrungreangkit, alongside Lao Deputy Prime Minister Saleumxay Kommasith, attended the concrete pouring ceremony for the bridge connecting Bueng Kan in Thailand and Bolikhamxai in Laos. This development aims to enhance…
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Thailand urged to cut interest rates amid economic challenges
Thailand needs to adopt a more assertive approach in reducing interest rates due to its challenging growth outlook and low inflation, according to Somprawin Manprasert, a candidate for the position of Bank of Thailand (BoT)’s new governor. The benchmark interest rate, currently set at 1.75%, could be reduced by 75 to 100 basis points, Somprawin stated during an interview in Bangkok.…
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