Thai private sector forecasts 2024 growth of 2.8-3.3%

The country’s economic growth in 2024 is forecast to be 2.8-3.3%, driven by the government’s “digital wallet” scheme, which may contribute 1-1.5% to growth, according to the Joint Standing Committee…

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Explainer: The pork smuggling racket costing Thailand billions in damages

Thai consumers have been rocked by news that billions of baht in illegal pork has been smuggled into the country – and likely onto their dinner plates. Thousands of shipping…

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Thai rice varieties will no longer enter world’s best rice competition

Thailand did not participate in the World’s Best Rice 2023 competition, held during the International World Rice Commission in Philippines, and will not do so in the coming years, Chukiat…

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File photo : Untaxed frozen porks

Untaxed frozen pork uncovered in Laem Chabang containers

Two cargo containers, left unclaimed by their owners at Laem Chabang deep-sea port in Chon Buri province since 2021, were discovered to contain frozen pork and beef falsely declared as…

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Phu Kradueng

People in Phu Kradueng district in favour of cable car project : district chief

The district chief officer of Phu Kradueng district, in Thailand’s north-eastern province of Loei, has claimed that almost all the people there are in favour of the proposed cable car,…

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Subsidy approved to discourage sugarcane farmers from burning canes

The Cabinet decided today to grant 120 baht in subsidy for each tonne of cut raw sugarcane, as an incentive to discourage farmers from burning the cane to facilitate harvesting,…

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Phu Kradueng National Park

PM’s Office Minister re-introduces controversial cable car project in Phu Kradueng

PM’s Office Minister Puangpetch Chunla-iad is seeking a Bt28-million budget from the cabinet for the survey and design of a cable car in Phu Kradueng National Park, in the northeastern…

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Household debt for Q2 spikes at Bt16.07 trillion

The national household debt has increased by 3.6%, compared to the first quarter, to about 16.07 trillion baht in the second quarter of this year, representing 90.7% of GDP, according…

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Over 37,000 informal debtors register for help in just 2 days

A total of 37,579 people, who claim to have incurred about Bt1.5 billion in informal debt with 19,061 creditors, have applied for help from the state in the first two…

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New electricity price will be less than Bt4.68 per unit : Energy minister

Energy Minister Pirapan Salirathavibhaga says that the Bt4.68/unit electricity price for January-April next year, as proposed by the Energy Regulatory Commission (ERC), is a huge increase from the current rate…

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Interior Ministry kicks off effort to tackle informal debt crisis

The Ministry of Interior has today kicked off the government’s ambitious plan to tackle the chronic informal debt problem affecting countless Thai people, especially low income-earners, by accepting applications for…

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File photo : Doi Inthanon National Park

National park e-ticket suspension draws criticism

The decision, by the National Park, Wildlife and Plant Conservation Department, to suspend e-ticketing for tourists visiting six national parks from today is being criticised as untimely and poorly planned….

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Energy Commission lambasted over electricity price increase

The Federation of Thai Industries has roundly criticized the Energy Regulatory Commission (ERC) for behaving like an only agency responsible for setting national electricity prices every four months, based on…

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Klamping is in.//Photo by Kingsley Wijayasingha

Going beyond travel at Motor Expo 2023

What do mobile toilets, mobile homes, food stalls and camping gear have in common?  The quick answer is that they are all vehicles. At one of Thailand’s major auto shows,…

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Is Thailand heading towards an economic crisis?

The deceleration in the growth of the Thai economy in the third quarter has raised questions on whether these were symptoms of the country staring at an economic crisis. Gross domestic…

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GSB offers Bt50,000 low interest loans to informal debtors

The Government Savings Bank has announced the introduction of a program of credits, to address the problem of debts owed by Thai people who have borrowed from informal lenders. Under…

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Pubs and bars in parts of Thailand a step closer to 4am closing

The Cabinet agreed in principle on Tuesday to an amendment to the Interior Ministry’s regulations which would allow pubs and bars in Bangkok, Chiang Mai, Phuket, Chon Buri and Koh…

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PM announces comprehensive plan to address informal debt problem

Prime Minister Srettha Thavisin declared the government’s determination today to address the chronic informal debt problem, which is affecting many people, by mobilising the police, local officials nationwide and the…

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The DSI Facebook page published a photo of Suriya who wrote, ‘I had known that this day would come on the first day I took the leadership of this office. I chose my own way. I’m not sorry; I did my best. I felt honoured to work with you.”

DSI chief axed

The director-general of the Department of Special Investigation (DSI), Pol Col Suriya Singhakamol, has been removed and appointed as the deputy permanent secretary of justice by the cabinet. No explanation…

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Anne Jakapong Jakrajutatip

Billionaire Anne’s slide to bankruptcy

Billionaire Anne’s slide to bankruptcy The meteoric rise and fall of Anne Jakapong Jakrajutatip, a transgender businesswoman, has been of epic proportions. Just a few months ago, she was flying…

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Thai and Malaysian PMs to meet at Sadao checkpoint on Monday to discuss trade

Prime Minister Srettha Thavisin is scheduled to meet with his Malaysian counterpart, Dato Seri Anwar Ibrahim, at the Sadao immigration checkpoint in Songkhla province on Monday, to discuss bilateral border…

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GSB urges firms to focus more on social contributions

The Government Savings Bank (GSB) is encouraging businesses to focus more on addressing poverty and inequality issues as well as to shift from implementing conventional CSR (corporate social responsibility) programmes…

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Former PM Prayut’s wealth increases by Bt1.5 million over nine years

Former Prime Minister Prayut Chan-o-cha has declared his assets to the National Anti-Corruption Committee (NACC), revealing that he is now Bt1.5 million richer than when he first declared them nine…

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Purple and Red Lines Losing Bt7.4m a Day Since Bt20 Fare Imposed

Operators of the Purple Line and Red Line suburban train services suffered a combined loss of Bt7.4 million per day between October 16 and November 14, after fares were capped at…

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BMA wants MRT to take over remaining mass transit projects – Governor

The Bangkok Metropolitan Administration (BMA) wants the Mass Rapid Transit Authority of Thailand (MRT) to take over the responsibility of investing in new mass transit infrastructure projects in Bangkok, said…

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Government House Chai Wacharonke

Cabinet endorses removing criminal liability from writing bad cheques

The Cabinet approved a bill on Tuesday which aims to amend the Act Governing Offenses Arising from the Use of Cheques (the Cheque Act), by decriminalising the issuing of bad…

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BTSC ready to support government Bt20 train fare policy

Bangkok Mass Transit System Public Company (BTSC) is ready to support the government’s policy to cap train fares at 20 baht on Bangkok’s suburban rail network, but on the condition…

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Consumer Council to propose Bt20 maximum fare on Pink Line trains

The Consumer Council will propose that the cabinet cap train fares on the Pink Line at Bt20, instead of between Bt20 and Bt45, as will be proposed by the Ministry…

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Regulator to tighten controls on possession of more than six SIM cards

The National and Telecommunications Commission (NBTC) will issue a new edict requiring all mobile phone users who possess more than five SIM cards to identify themselves to their phone service…

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PM urges stringent crackdown on financiers of illegal frozen pork imports

Prime Minister Srettha Thavisin has ordered relevant agencies to end illegal imports of frozen pork, with an emphasis on major smugglers, noting that crackdowns on small-scale operators will never solve…

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Builders work at a construction site for a mixed-use development project in the Sukhumvit area of Bangkok on July 1, 2023. (Photo by Alex OGLE / AFP)

NESDC forecasts Thailand’s growth for this year at 2.5%

Thailand’s GDP this year is forecast to grow by 2.5%, down from 3% as earlier projected, as growth in the third quarter of the year was just 1.5%, due to…

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Ageing society changes landscape of economy and investment opportunity 

Thailand is officially an aged society this year, with the number of people 60 years old and above rising to 13.5 million, or about 20 per cent of the total…

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Energy Minister Pirapan Salirathavibhaga

Existing oil price structure unfair to consumers – Energy Minister

Energy Minister Pirapan Salirathavibhaga said today that the retail oil price structure, which has been in force for about three decades, needs to be overhauled because it is unfair to…

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PM Srettha showcases Thailand’s economic potential and confidence at APEC

Prime Minister Srettha Thavisin touted Thailand as the hub of the regional economy with new potential for trade and investment in multifaceted fields.In his keynote speech yesterday at the APEC…

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Does the digital wallet scheme risk running into a legal hurdle? 

Prime Minister Srettha Thavisin has finally brought some clarity to the source of funding for the controversial digital wallet handout scheme, but many aspects of the scheme remain problematic, raising questions…

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Thailand and Google agree to strategic cooperation for development of digital technology

The Thai government and US-based Google have announced a policy of strategic cooperation, to lay the foundations for digital infrastructure, research and development of artificial intelligence, cloud-first policies and the…

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PM has backup plan should digital wallet loan bill be rejected by Council of State

Prime Minister Srettha Thavisin said that the Pheu Thai party has prepared a Plan B to enable it to implement the controversial digital wallet scheme, in the event the government’s…

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Image by fabrikasimf on Freepik

Commerce Ministry agrees to 2 baht per kilo increase on white sugar

Thailand’s Central Committee on the Price of Goods and Services (CCP) has agreed to allow the ex-refinery price of white sugar to increase by two baht per kilogram and is…

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Bhumjaithai leader Anutin Charnvirakul

Bhumjaithai will support digital wallet loan bill if it is constitutional

Interior Minister Anutin Charnvirakul said today that his Bhumjaithai party will support the government’s loan bill for the digital wallet scheme, if it does not contravene the Constitution. As a…

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Workers sort packages for delivery ahead of the Singles’ Day shopping festival at a logistics center in Zouping, in China’s eastern Shandong province on November 10.//AFP

China’s ‘Singles Day’ shopping bonanza loses its lustre

Beijing, China – China’s annual “Singles Day” sales bonanza wraps up at midnight on Saturday, but consumers this year appear largely unswayed by its flashy deals and discounts as the world’s…

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Move Forward deputy leader Sirikanya Tansakul

Move Forward party warns against loans to fund digital wallet scheme

Move Forward party-list MP and deputy leader Sirikanya Tansakul said today that the government’s decision to procure loans to fund the digital wallet scheme is risky, because it may violate…

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PM explains funding of digital wallet scheme

Prime Minister Srettha Thavisin announced a new set of guidelines today for the controversial digital wallet scheme, under which all Thais who are 16 or older, who have a monthly…

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PM to announce full details of “digital wallet” scheme today

PM Srettha Thavisin will hold a press conference this afternoon to reveal what he called the “full package” of information on the digital wallet scheme, which his party promised to…

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Fares expected to be charged on Green Line extensions around year end : source

For the first time, the Bangkok Mass Transit System Public Company (BTSC), operator of the Green Line sky train service, is expected to charge passengers for the use of the…

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File photo : Thai businesswoman and owner of Miss Universe pageant Anne Jakkaphong Jakrajutatip//AFP

Miss Universe owner files for bankruptcy in Thailand

The Thai media company that owns the Miss Universe beauty pageant brand said on Thursday it has filed for bankruptcy while it tries to resolve a “liquidity problem”. JKN Global…

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Photo : Thai Banks Association

Mobile banking systems of all banks are safe and secure : TBA

The Thai Bankers Association (TBA) has offered an assurance that their mobile banking applications are secure and safe. This assurance was in response to news of the arrest of a…

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Saudi Arabian investment in electric vehicle production in Thailand sought

The Thai government has been courting Saudi Arabia for investment in the production of electric vehicles (EVs) in Thailand, to achieve its goal of becoming the EV production hub in…

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File photo : Commerce Minister Phumtham Wechayachai

Commerce Ministry ready to withdraw sugar from controlled product list

Commerce Minister Phumtham Wechayachai has assured representatives of sugarcane growers that his ministry is ready to remove sugar from the list of price-controlled products, if there is consent from all…

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Sanan Angubolkul, president of the Thai Chamber of Commerce and Board of Trade

Private sector wants digital wallet scheme launch next April – Sanan

The government should launch the digital wallet scheme next April, because the Thai economy will need an injection of cash for economic stimulation, otherwise it will be too late, said…

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Government extends subsidy for EV buyers until 2027

The Thai government has agreed to extend the 100,000 baht per car subsidy for buyers of electric vehicles (EVs) until 2027, to promote the production and use of EVs in…

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Sugar to be subject to price control in Thailand

At this week’s Cabinet meeting, a proposal from the Commerce Ministry to add sugar to the list of price controlled goods, was approved, Prime Minister Srettha Thavisin told reporters today…

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Visa-free visits for tourists from India and Taiwan from November 10

The Cabinet agreed on Tuesday to exempt tourists from India and Taiwan from requiring an entry visa to say in Thailand for up to 30 days, effective from November 10 until…

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Pichai Chunhavajira, an advisor to Prime Minister Srettha Thavisin.

Digital wallet scheme may be delayed until next September : PM’s advisor

Disbursement of the Bt10,000 digital money under the “digital wallet” scheme may be delayed until next September, said Pichai Chunhavajira, an advisor to Prime Minister Srettha Thavisin. He added the…

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Professor Sir Partha Sarathi Dasgupta in a recent interview in The Wave, a business programme of Thai PBS World.

Economist urges inclusion of nature in economic system

In a world driven by the pursuit of economic growth, the absence of nature from the global economic mechanism has, to a large extent, remained unnoticed. A call for change…

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Administrative Court ordered to accept challenge to True-DTAC merger

Thailand’s Supreme Administrative Court reversed the ruling of the Central Administrative Court today (Monday), rejecting the suit filed by the Foundation for Consumers, demanding the revocation of a resolution of…

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Thai central bank aims to cut household debt to 80% of GDP

The Bank of Thailand (BoT) is considering four measures to reduce Thailand’s household debt to about 80% of gross domestic product (GDP), down from the current 90.7%, according to Ronadol…

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Thailand pledges help to develop infrastructure projects in Laos

Thailand has agreed to help Laos fulfil its plan to transform from a land-locked to land-linked country, to help in the development of infrastructure projects and to secure low-interest loans,…

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Photo : Treaties and Legal Affairs Department, Thai Foreign Ministry

Thai government tweaks strategy for joint extraction of petroleum resources with Cambodia

The government under Prime Minister Srettha Thavisin has proposed an adjustment to the negotiation strategy with Cambodia on the overlapping claims areas (OCA) in the Gulf of Thailand, according to…

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PM to promote land bridge project during APEC and ASEAN-Japan summit

Prime Minister Srettha Thavisin will endeavour to promote Thailand’s ambitious land bridge mega project at APEC 2023 in the United States, between November 12th and 18th, and during the ASEAN-Japan…

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Pornchai Thiraveja, director-general of Fiscal Policy Office, Finance Ministry

Fiscal Policy Office cuts 2023 economic growth projection to 2.7%

The Finance Ministry’s Fiscal Policy Office has decided to reduce its Thai economic growth forecast for 2023, from 3.5% to 2.7%, due to the tourism slowdown and export contraction. Pornchai…

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Labour ministry to raise minimum wage to Bt400 max by December

The Ministry of Labour is considering raising minimum wages, which currently range from 328-354 baht per day, to a maximum of 400 baht, according to Labour Minister Phiphat Ratchakitprakarn. He…

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File photo : Move Forward deputy leader Sirikanya Tansakul

Government may not find funding for digital wallet – Move Forward

The adjustments to the digital wallet scheme, as proposed by an ad hoc sub-committee, are an indication that the government is encountering problems in securing the estimated Bt560 billion needed…

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New livery for THAI stewardesses

Thai Airways International (THAI) has introduced a new uniform for their female cabin crew members. The new outfit combines the essence of the Thai national identity and a commitment to…

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Deputy Finance Minister Julapun Amornvivat

Govt may omit “rich” people from digital wallet scheme : Julapun

The government’s controversial digital wallet scheme is likely to be downsized, with those who earn more than a yet-to be-defined amount per month not being eligible to receive the one-time…

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background of sugar cubes

Ex-refinery sugar prices may go up by Bt4 per kilogram

The Ministry of Industry is considering increasing the ex-refinery sugar price by Bt4/kg, as proposed by sugar millers and sugarcane planters to cover increased production costs, and providing subsidies for…

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Will the Srettha government pursue debt-fuelled growth?  

The Pheu Thai-led coalition government faces mounting pressure to abandon its populist policy of handing out 10,000 baht to all citizens aged 16 years and above under its digital wallet…

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Thailand’s economy needs a major boost : PM

Thailand’s under-performing economy needs to be given a major boost, to increase its growth rate and pull the country out of the middle-income trap, while improving the livelihoods of people…

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Leveraging postage stamps as a soft power to boost the economy

For the past several years, postal service providers around the world have faced new challenges as digitalization has taken hold, a situation that significantly accelerated during the Covid-19 pandemic. The…

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Mr. Narongsak Putthapornmongkol, the President of the Thai-Chinese Chamber of Commerce

Chinese business community confident of BRI benefits

Chinese President Xi Jinping has used a recent international forum in Beijing to reaffirm his commitment to advancing the Belt and Road Initiative (BRI), but questions persist as to whether…

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Help sought from JETRO to increase capabilities of Thai SMEs

The Thai Commerce Ministry has sought support and cooperation from the Japan External Trade Organisation (JETRO), to increase the ability of Thai small and medium-sized enterprises (SMEs) to access the…

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Government to promote production and use of EVs in Thailand

The Thai government is determined to promote increased production and use of electric vehicles (EVs), in place of internal combustion engines, to achieve carbon neutrality by 2050 and net zero…

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From L, Thai PM Srettha Thavisin, China’s President Xi Jinping and his wife, Peng Liyuan during an opening ceremony of the Belt and Road Initiative (BRI) forum in Beijing.

China’s Xi calls for efforts to fight cross-border crimes with Thailand

Beijing  – China and Thailand should step up efforts to crack down on cross-border crimes such as telecommunications fraud and online gambling, President Xi Jinping told Thai Prime Minister Srettha…

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Thai Pakdee Party leader Warong Dechgitvigrom files a complaint with the Auditor-General’s Office on Thursday.

Opposition to the government’s digital wallet scheme growing

The government’s controversial digital wallet scheme is facing increasing opposition, with opponents seeking intervention from the Central Administrative Court, the Election Commission, the Office of Auditor-General and the Ombudsman to…

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Little need for “digital wallet” scheme : Bank of Thailand  

A representative of the Bank of Thailand told the House Economic Affairs Committee today (Thursday) that there is little need for the digital wallet scheme, because private sector consumption for…

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79% of Thais want digital wallet money to spend – NIDA Poll

About 79% of respondents to a National Institute of Development Administration (NIDA) poll say that they will accept the 10,000 baht one-time subsidy from the government under the “digital wallet”…

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Australia interested in investment in Thailand’s Eastern Economic Corridor

Australia is interested in investing in infrastructure development projects, water resources in particular, in Thailand’s Eastern Economic Corridor (EEC), according to Thailand’s trade representative Nalinee Taveesin. Australia is Thailand’s 8th…

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PM to press ahead with “digital wallet” despite protests from academics

Prime Minister Srettha Thavisin has reiterated the government’s determination to launch the digital wallet scheme early next year as promised, despite protests from a group of 99 economics professors, including…

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Thailand’s inflation for September falls to 0.30%

Thailand’s Inflation rate for September has fallen to 0.30%, from 0.88% in August, and inflation for the whole year is expected to be 1.35%, thanks to energy and food price…

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Free trade agreements with the EU, UAE and Sri Lanka expected next year

Thailand is expected to finalise free trade agreements (FTAs) with the European Free Trade Association (EFTA), Sri Lanka and the United Arab Emirates (UAE) in the second and third quarters…

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Mala Hotpot Sichuan Sytle

In Love with Spice: Thailand’s Fiery Affair with Mala Hotpot

Even as Thai cuisine is making its mark worldwide, with many dishes earning titles like “world’s best”, local Thais, especially the younger generation, have developed a fondness for Sichuan cuisine’s…

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Photo : X (@popbase)

Blackpink’s Lisa dazzles at ‘Crazy Horse’ in Paris

Blackpink member Lisa has given her first performance at the famous “Crazy Horse” venue in Paris, France. On September 28, Lisa made history by becoming the first K-pop artist to…

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PM Srettha Thavisin gives a speech on “Thailand’s next chapter”

Water resource management is needed to ensure supplies for industry : PM

The government is giving more importance to water resource management than to the high-speed train project, to ensure that there is sufficient water to meet the demands of the industrial…

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Sanan Angubolkul, chairman of the Thai Chamber of Commerce and Board of Trade

Thai private sector urges govt to reach FTAs with more countries

Thai private business operators are urging the government to speed up the finalisation of free trade agreements (FTA) with more countries to boost Thai exports, which fell for ten straight…

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Should legalizing gambling and police reform go hand in hand? 

The latest allegations about the involvement of some senior policemen in online gambling operations have sparked a debate on the urgent need for reform of the police force. A series…

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Thai central bank raises policy rate by 25 basis points

The Bank of Thailand’s monetary policy committee unanimously voted to raise the policy rate by 25 basis points, to 2.5%, with immediate effect today (Wednesday). According to Piti Disyatat, secretary…

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Thaksin shinawatra and Yingluck shinawatra attended the birthday party of then Prime Minister Hun Sen in Takhmao town on August 5.//Phnom Penh Post

Srettha’s Cambodia trip related to Thaksin-Hun Sen close ties?

Foreign Minister Parnpree Bahiddha-Nukara said Prime Minister Srettha Thavisin has chosen Cambodia for his first ASEAN trip because it is Thailand’s close neighbor but a Cambodian academic suggested that it…

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Former finance minister doubts anticipated impact of “digital wallet”

Former Thai finance minister, Thirachai Puvanatnaranubala, has questioned claims by the Srettha government that the much-publicised digital wallet scheme will help Thailand achieve a 5% growth in GDP next year…

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PM made some progress in pushing economic agenda at the UN, but achieved little else

Prime Minister Srettha Thavisin’s first overseas mission, to the United Nations General Assembly, was regarded at home as a success only in business aspects, but a failure in terms of…

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Cabinet endorses debt moratorium for BAAC’s farming debtors

The Cabinet has agreed to provide a 12-month debt moratorium, from October 1, to 2.698 million farmers who owe a maximum of Bt300,000 across all their loan contracts with the…

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Srettha government advised to brace for digitalisation, green transition

As the Srettha government is busy trying to revive the Thai economy, it is also facing a long-term dual challenge of keeping pace with digitalisation and the energy transition necessary…

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Move Forward deputy leader Sirikanya Tansakul

Digital wallet scheme to be funded by borrowing from GSB : Move Forward MP Sirikanya

Move Forward party deputy leader Sirikanya Tansakul claimed today (Monday) that the money to fund the government’s 560-billion baht digital wallet scheme will be come in the form of loans…

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From left to right, Chairwoman of the Joint Foreign Chamber of Commerce in Thailand, Vibeke Lyssand Leirvag, President of the American Chamber of Commerce in Thailand, Mook Pibuldham, CEO and President of LH Bank, Shih Jiing-fuh

Foreign business leaders urge clarity and stability

As the Srettha government begins implementing its stimulus packages, aimed at revitalising Thailand’s economy, members of the foreign business community here have reiterated their call for political stability and regulatory…

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PM claims foreign corporations now more at ease about investing in Thailand

Foreign multi-national companies are now less worried about investing in Thailand, except for some legal issues which need to be addressed to facilitate investment, claimed Prime Minister Srettha Thavisin upon…

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Phumtham welcomes convicted former PM Thaksin as PM’s chief advisor

Deputy Prime Minister Phumtham Wechayachai has welcomed Srettha Thavisin’s idea of having convicted former prime minister Thaksin Shinawatra act as an advisor, once he completes serving time in prison. “Thaksin…

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Waterfront Condominium

Ex-culture minister offers to surrender to face corruption charges

Fugitive former culture minister Itthiphol Kunplome has offered to surrender to face corruption charges, in connection with the illegal issuance of a permit for the construction of a condominium in…

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Red Line train fare to be reduced to Bt20 by New Year

The State Railways of Thailand (SRT) board agreed yesterday (Thursday) to cut the fare on the Taling Chan-Bang Sue-Rangsit Red Line train service to 20 baht, from a maximum of…

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PM asks Microsoft to invest in regional data centre in Thailand

Prime Minister Srettha Thavisin invited Microsoft to invest in developing Thailand as a regional data centre during an informal discussion with Microsoft executives in New York on Thursday evening. An…

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Transport minister vows to press ahead with land bridge mega project

Transport ministry will press ahead with the land bridge project, to link a deep-sea port in Ranong  on the west coast with a deep-sea port in Chumphon on the east…

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Photo : Thai Government House

It’s time for US to do more business in Thailand : Thai PM

This Thai government’s top priority is to re-energise Thailand’s competitiveness and position as a leading investment destination, an engine of growth in the region and as a place where people…

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Thong Fah logo

Blue Flag outlets may join “digital wallet” scheme : Commerce minister

Ministry of Commerce is considering using its extensive network of retail outlets, shops and eateries, under the “Blue Flag” (Thong Fah) program, to allow people, who may have difficulty finding…

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