News
Thailand continues trade talks with US despite political turmoil
The tariff negotiations between Thailand and the US will proceed despite domestic political tensions, Thai Minister of Commerce Pichai Naripthaphan said on June 20.Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes ...
Digital economy GDP to rise 7.3% to B4.85tn
The GDP of Thailand’s digital economy this year is expected to increase 7.3% year-on-year to reach 4.85 trillion baht, according to the Digital Economy and Society (DES) Ministry.The digital economy’s GDP growth rate is 2.6 times higher than the country’s overall GDP growth rate, which ...
Komsan Tortermvasana
Thai consumer confidence falls for first time in 5 months amid economic uncertainty
Thailand’s consumer confidence fell for the first time in five months over uncertainty from US trade policies, higher living costs and the slow recovery of the domestic economy, a survey showed on Thursday.The consumer index of the University of the Thai Chamber of Commerce fell ...
Bangkok Post Reporter
Thailand's most important economic goal
Any relatively new finance minister, such as Pichai Chunhavajira, comes into office facing a crowded agenda: Maintain good relations with the central bank, ensure strong revenue collections and pursue fiscally responsible policies, manage customs and excise. Keep an eye on inflation, which reached 1.54% in ...
Thailand bets on B500bn cash handout to revive economy
The government expects the rollout of a long-delayed cash handout to most adult citizens to help reverse a slump in economic activity and tackle the highest household debt in Southeast Asia. The distribution of 10,000 baht each to all Thais 16 years and older under a ...
Seeking new engines of growth
About 40 years ago, natural gas was discovered in the Gulf of Thailand, creating excitement across the country. This period marked the dawn of Thailand’s golden era. Following this discovery, the Eastern Seaboard Development Project was initiated to develop the eastern coastal region. Foreign investment ...
Bangkok Post Reporter
Thai economy faces upheaval due to factory closures and cheap Chinese imports
When Chinese electric vehicle maker BYD opened its first Southeast Asian factory in Thailand earlier this month, the nation of 66 million people basked in the limelight and won praise for its industrial vision.What, however, received less attention was an announcement by another big automobile ...
Bank of Thailand insists current policy interest rate ‘appropriate’
The current policy interest rate in Thailand is quite appropriate to the country’s economic landscape and recovery pace, the Bank of Thailand (BOT) insisted on Monday, in its latest response to the current debate which has seen some business leaders and analysts complain that interest ...
The Nation Reporter
Economic problems biggest burden in 2023: poll
Most people felt frustrated by economic problems in 2023 although in general they were fairly happy with the year, according to the results of a survey by the National Institute of Development Administration, or Nida Poll. The poll was conducted on Dec 12-20 by telephone interviews ...
Bangkok Post Reporter
Higher govt spending, export rebound expected to boost Thai GDP growth
Increasing government spending, higher public consumption as well as private investment could boost Thailand’s gross domestic product (GDP) growth in 2024 to 2.7 to 3.7 per cent, the National Economic and Social Development Council (NESDC) said on Friday.NESDC secretary-general Danucha Pichayanan said the council expected ...
The Nation Reporter
