Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
Prime Minister Paetongtarn Shinawatra said today that the third phase of the controversial digital wallet scheme has not been scrapped, just postponed indefinitely, and that the 157 billion baht allocated for the scheme will be used to fund other priority projects due to uncertainty over the tariffs to be imposed on Thai products exported to US market.
Thailand’s exports have increased for ten months in a row, with April’s worth about 857.7 billion baht, up 10.2% percent on March, reflecting the strength of Thai economy, according to Commerce Minister Pichai Naripthaphan today.
Most Thai people believe that the Thai economy has reached a critical level, which must be addressed by the government as a matter of urgency, while many also want the government to proceed with the third phase of the “digital wallet” 10,000-baht benefit payments, according to the National Institute of Development Administration (NIDA) poll.
Thailand is among 25 countries worldwide ranked as top markets for foreign direct investment (FDI) projects and is also one of the top 5 countries trusted by international investors for their expanding projects.
Hanoi, Vietnam - Vietnam said on Thursday "positive progress" has been made in trade talks with Washington, as it tries to slash President Donald Trump's threatened 46 percent levy imposed on the country in his global tariff blitz.
Leading Thai companies have pledged to increase investment in the United States beyond US$2 billion in the near future, said Chutintorn Gongsakdi, Secretary to the Minister of Foreign Affairs.
The Office of the National Economic and Social Development Council (NESDC) has slashed Thailand’s 2025 economic forecast, citing uncertainty over trade tariffs threatened by U.S. President Donald Trump.
Durian growers in Thailand’s eastern provinces are seeking help from Prime Minister Paetongtarn Shinawatra in resolving problems, ranging from a shortage of cargo containers and pickers to transport gridlock at the Chinese border and the intrusion of elephants into fruit orchards.
Thailand’s pet food sector has steadily grown over the past five years, generating lucrative revenues of over 300 billion baht and average annual profits of 12 billion baht for domestic firms.
Thailand has developed a five-point proposal for submission to the US, when the two sides meet for tariff talks in Washington DC on a date yet to be set. It is hoped that this positive overture will convince the US administration to reduce the 36% reciprocal tariff imposed on Thai products to about 10%.
The majority of Thai people have savings of between less than a month and three months of their regular earnings, in case of an emergency or in case they become unemployed, according to Suan Dusit Poll.
Geneva, Switzerland - The United States and China announced Monday an agreement to drastically reduce tit-for-tat tariffs for 90 days, de-escalating a trade war that has roiled financial markets and raised fears of a global economic downturn.
