Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
The state-owned Government Savings Bank (GSB) began started wiring the initial 9,000 baht compensation today into the bank accounts of flood victims in Songkhla, Satun and Pattani whose houses were damaged during last week’s flooding.
The Ministry of Labour has implemented several measures to help employers and employees affected by flooding in nine southern province, which include 4,000 manual jobs for unskilled and migrant workers at 300 baht/day for ten days and low-interest soft loans for motorcycle and electrical appliance repair businesses and workshops.
Severe flooding in Songkhla province is expected to cause economic losses of around 25 billion baht, said Burin Adulwattana, chief economist at the Kasikorn Research Centre.
Thailand's Commerce Ministry is negotiating with a state-run Chinese food processing holding company, which has been designated to import 500,000 tons of Thai rice under a government-to-government deal announced recently.
The National Economic and Social Development Council (NESDC) has projected Thailand’s GDP growth for 2025 at 2%, after growth in the third quarter contracted to just 1.2%, compared to 2.8% for the second quarter. Growth for three quarters this year has been 2.4%.
The Commerce Ministry is vowing to seek new markets to diversify border trade, as ongoing tensions between Thailand and Cambodia have severely affected cross-border trade.
His Majesty the King has appointed Sethaput Suthiwartnarueput, the former governor of the Bank of Thailand (BOT), as an advisor to the Privy Purse Bureau, effective October 1.
The S&P global credit rating agency has set Thailand’s sovereign credit rating at BBB+, with a stable economic outlook and growth rate projections of 2.3% and 2.0% for 2025 and 2026 respectively, thanks to the government’s supportive fiscal policies amidst external risks and domestic political uncertainty.
A data bureau is set up by the Bank of Thailand (BOT), the Thai Bankers Association (TBA), and the Office of the Securities and Exchange Commission (SEC) to screen financial transactions suspected of being linked to “grey” money, scams, or illegal online gambling activities.
The leaders of the Asia-Pacific Economic Cooperation (APEC) forum pledged to bolster regional cooperation amid growing global economic uncertainty, transformative technological change, and demographic shifts.
Thailand has asked South Korea to increase the legal worker quota for Thais, under a government-to-government employment program, and to address the problem of the increasing number of Thai tourists being denied entry.
Thailand and the United States issued a joint statement today on a framework for an agreement on reciprocal trade on the sidelines of the ASEAN Summit in Kuala Lumpur, Malaysia.
