Public sector personnel to receive second-year salary increase in 2025
Newly recruited personnel across all public sector entities will receive a second-year salary increase of 10%, effective May 1, 2025.
Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
Newly recruited personnel across all public sector entities will receive a second-year salary increase of 10%, effective May 1, 2025.
The Finance Ministry plans to form a Bt500 billion “standby fund” from local financial institutions to mitigate the impacts to the business and agricultural sectors from the reciprocal tariffs to be imposed on Thai exports to the US market.
The Business Development Department is investigating certain types of business which are thought to use Thai nationals as nominee shareholders regularly, according to the department’s director-general, Oramon Sapthaveetham.
The Thai government should focus on developing high-value supply chains, instead of implementing the 10,000-baht “digital wallet” scheme, as Thailand faces economic uncertainties, according to Vikrom Kromadit, chairman of AMATA Corporation, a major Thai industrial estate provider.
US trade officials finalized steep tariff levels on most solar cells from Southeast Asia, a key step toward wrapping up a year-old trade case in which American manufacturers accused Chinese companies of flooding the market with unfairly cheap goods.
Total Thai rice exports for the first quarter of this year have dropped by 30%, and by 53% for 15% white rice year-on-year, raising concerns among Thai rice exporters that the country may lose its position as the world’s second largest rice exporter, after India, to Vietnam.
The government is rolling out measures, through the Export and Import Bank (Exim Bank), to help SMEs cushion the impacts of the 36% reciprocal tariffs to be imposed on Thai products entering the US market.
Thailand is set to propose five measures to the United States in trade talks, scheduled for April 23rd in Washington DC, aimed at easing the full impacts of the 36% reciprocal tariffs imposed on Thai exports to the US market.
The ombudsman is urging the government to speed up the enactment of a law to tighten up controls over foreign businesses using Thai nominees as their partners to conduct businesses in Thailand, to get around the alien business law and other legal requirements.
TThe government has extended the registration period for the “You Fight, We Help”, or “Khun Soo Rao Chuay”, program for small debtors—both individuals and small and medium-sized enterprises (SMEs)—until April 30, 2025.
The Thai government should offer increased incentives to investors, to dissuade businesses from relocating to neighbouring countries amid escalating trade wars, suggests Vibeke Lyssand Leirvåg, Chair of the Joint Foreign Chambers of Commerce in Thailand (JFCCT).
Thai beef farmers will rally in front of the Ministry of Agriculture on Thursday, to protest against the government’s plan to lift the import ban on US beef and offal into Thailand, as a part of the trade negotiations following the US imposition of 36% reciprocal tariffs on Thai imports to the US market.