Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
The Fiscal Policy Office (FPO), a key department under Thailand’s Ministry of Finance, remains confident that the Thai economy has not yet entered a state of ‘stagflation’, despite slashing its annual growth forecast and bracing for a sharp rise in inflation driven by geopolitical tensions.
The rapid increase in energy prices caused by the prolonged war in the Middle East is taking a toll on Thai consumers, who are already reeling under high household debt.
Thailand’s Commerce Ministry has successfully tapped into China’s booming live commerce market, generating over 15 million baht in sales in just three hours during a promotional live-stream featuring a prominent Chinese influencer.
The Thai government plans to exploit the integrated strengths of the Ministry of Commerce and the Ministry of Higher Education, Science, Research and Innovation to develop the production and marketing of Thai products.
Thailand’s Ministry of Commerce has engaged in high-level talks with the German state of Rhineland-Palatinate to bolster trade and investment, focusing on smart agriculture and the expedited conclusion of the Thai-EU Free Trade Agreement (FTA).
The country’s two most prominent daily newspapers, Thairath and Daily News, have announced a significant retail price hike effective May 1, a move that underscores the deepening crisis within Thailand’s print media industry as production costs soar and readers migrate to digital sources of news.
The Commerce Ministry has agreed to allow palm oil producers to increase the price of a one-litre bottle by 1–2 baht, to 49–50 baht, while oil palm growers in the southern provinces are demanding that the ministry step in to stabilise the price of oil palm seeds.
Moody’s Ratings has revised Thailand’s sovereign credit outlook from "negative" to "stable," citing improved political stability and a clearer trajectory toward structural reforms.
Thai officials have emphasised the urgent need to support affected sectors and vulnerable groups amid the current oil crisis, despite budget constraints.
Commerce Minister Suphajee Suthumpun announced a significant restructuring of the Ministry of Commerce today, placing the Department of Internal Trade (DIT) at the forefront of efforts to combat the rising cost of living.
Deputy prime minister of the Russian Federation, Dmitry Patrushev, has reaffirmed Thailand’s status as Russia’s oldest partner in Southeast Asia, signaling a commitment to expand bilateral trade following high-level talks in Bangkok.
Economic growth in developing Asia and the Pacific will slow to 5.1 per cent this year and next year, down from 5.4 per cent last year, as the Middle East conflict and trade uncertainty weigh on the region, the Asian Development Bank (ADB) said today.
