Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
Thailand will not only engage in tariff negotiations with the United States, but will also talk about building a new economic future together, by offering Thailand as neutral ground for conflict resolution, according to Pansak Vinyaratn, chief policy advisor to Prime Minister Paetongtarn Shinawatra.
Deputy Finance Minister Paopoom Rojanasakul has assured the public that the increase in excise tax on diesel and benzine, by one baht per litre, will not affect pump prices because will be offset by the reduction in contributions to the Oil Fund by refiners.
The government has decided to postpone the disbursement to 2.7 million baht to Thais, aged from 16 to 20, of the 10,000 baht per person benefit under the third phase of the “digital wallet” scheme, which was due to take place this month.
The Commerce ministry has designated a watermelon variety grown on Koh Sukorn, a small island in the southern province of Trang, as a new Thai Geographical Indication (GI) product.
Thailand's economy is expected to encounter temporary "air pockets" due to the impact of tariffs, the finance minister said on Thursday, and the country plans to negotiate to align its tariffs more closely with those of its trade competitors.
Free trade agreement (FTA) negotiations between Thailand and the European Union are on the right track, despite past political uncertainties, according to Bernd Lange, Chair of the Committee on International Trade and a member of the European Parliament.
Prime Minister Paetongtarn Shinawatra has downplayed Moody’s decision to downgrade Thailand’s economic outlook from “stable” to “negative,” calling it merely the credit rating agency’s perception.
The Bank of Thailand’s Monetary Policy Committee voted 5 to 2 today to cut the policy rate by 25 basis points, to 1.75%, with immediate effect, Sakkapop Panyanukul, secretary of the committee, announced after its meeting.
Deputy Finance Minister Julapun Amornvivat assured the public today that disbursement of the 10,000 baht benefit, under the third phase of the “digital wallet” scheme, will be in either May or June as scheduled.
Thailand’s GDP growth this year may drop to 1.5-1.8% and export growth may shrink to zero, year on year, losing its competitiveness to Vietnam, if the country is hit with the full 36% reciprocal tariff by the US for more than six months, or faces a higher tariff than Vietnam, according to the worst-case scenario forecast by Krungsri Research.
Thailand may be excluded from a list of ten countries mostly likely to face the imposition of high reciprocal tariffs by the United States, Commerce Minister Pichai Naripthaphan said today, quoting a source in the US private sector.
A recent opinion poll found that 46.18% of respondents believe the controversial entertainment complex bill, even without the casino element, is unlikely to pass in the Lower House. Meanwhile, 45.73% said they are not interested in the entertainment complex project at all, according to the findings from the National Institute of Development Administration (NIDA) poll. The NIDA survey collected the opinions of 1,310 people aged 18 and over, from various occupations and educational backgrounds...
