Economy News
Thailand economy news, business updates, financial markets, and government policies—stay informed on economic developments shaping the nation. Get the latest from The Thaiger, your trusted source for Thailand economic news.
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Thailand Labour Day march targets rising costs, job insecurity
Hundreds of workers marched to Government House in Bangkok today, May 1, on Thailand Labour Day 2026, pressing the government for fair wages, job security, and expanded social protections as part of International Workers’ Day events held worldwide. Labour groups led by the State Enterprises Workers’ Relations Confederation and the Thai Labour Solidarity Confederation gathered at Democracy Monument on Ratchadamnoen…
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Thailand set for slowest economic growth in ASEAN in 2026, IMF says
Thailand is expected to record the slowest economic growth in ASEAN in 2026 after the International Monetary Fund (IMF) cut its forecast to 1.5%, down from 1.6% projected in January. The downgrade, reported today, April 17, places Thailand behind its regional peers, including Cambodia, Laos and Myanmar. The IMF said Vietnam is expected to lead the region with 7.1% growth, followed…
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Bangchak oil tanker reaches Thailand after Hormuz passage
Bangchak said its oil tanker MT.POLA arrived safely in Thailand at Si Racha district, Chon Buri, today, April 8, after passing through the Strait of Hormuz and delivering crude oil to the company’s refinery. The voyage followed diplomatic coordination involving Thailand, Iran and Oman, which reportedly allowed Thai cargo vessels to use the route on March 23 to 24. The…
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Thailand plans overnight petrol station restrictions after April 20
Thailand could begin restricting fuel station operating hours after April 20, with petrol stations potentially closing from 10pm to 5am as the government considers energy-saving measures amid conflict in the Middle East. Prime Minister Anutin Charnvirakul said yesterday, on April 7, that the government is working on oil-saving measures to ensure the country has enough fuel for domestic use. He…
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March 26 Thailand fuel prices updated across five major brands
Thailand fuel prices were updated for today, March 26, in a daily report from the Energy Policy and Planning Office (EPPO) under the Ministry of Energy, covering five major service station brands including PTT, Bangchak, PT, Caltex and Shell. At PTT stations, gasohol 95 was priced at 41.05 baht per litre, gasohol E20 at 36.05 baht, gasohol E85 at 32.79…
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Thailand oil crisis poll shows unease and doubts over reserves
A new NIDA Poll released today, March 22, found that many adults in Thailand are worried about the country’s oil crisis, with more than half reporting daily difficulties, and a large share expressing little confidence in the government’s ability to maintain a stable oil supply. The survey, titled “Oil shortage: Talk to your partner, Switch off the lights”, was conducted…
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UAE property market slows sharply as deals fall 51% month on month
Property transactions in the UAE have slowed sharply since the latest conflict in the Middle East began, according to investment bank Goldman Sachs, which said rising regional uncertainty is starting to weigh directly on homebuyer demand. The war is now entering its third week and has increased volatility across financial and energy assets in the region. Goldman Sachs analysts, led…
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Transport Ministry denies Khlong Saen Saep boat fare hike rumours
The Transport Ministry has denied reports that passenger boat fares on Bangkok’s Khlong Saen Saep canal will rise by 1 baht per segment this week, saying the operator has confirmed there has been no change to the current rates. The clarification followed claims that Khlong Saen Saep boat fares would increase from 11 to 21 baht to 12 to 22 baht,…
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Energy chief apologises for petrol station delays, says fuel sufficient
Thailand’s fuel supply remains sufficient despite recent disruption at petrol stations, the director-general of the Department of Energy Business said today, March 17, after apologising for queues and delivery problems seen in recent days. Speaking at Government House, Sarawut Kaewtathip began with a public apology for what he described as confusion and obstacles faced outside fuel stations. Sarawut said Thailand…
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Border petrol stations in Mae Sot suspend services as fuel runs out
Several petrol stations along the Thai-Myanmar border in Mae Sot district, Tak province, were forced to temporarily suspend services today, March 15, after running out of fuel amid a rise in price and demand. At around 5.30pm, large numbers of vehicles, including cargo trucks, agricultural transport vehicles, private cars and motorcycles, were queuing for fuel along Asian Highway 12, where…
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Thailand oil reserves revised to 95 days after new supply confirmed
Thailand is preparing to tighten fuel exports and bolster domestic stockpiles, with Energy Minister Attapol Ruekpibul saying yesterday, March 5, that Thailand’s oil reserves and confirmed incoming supply should be enough for about 95 days. Speaking at Government House, Attapol said the earlier estimate of 60 days’ oil reserves had been revised to reflect the real figures. Thailand currently holds…
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Phuket drivers rush to fill tanks as fears of a fuel price rise spread
Phuket motorists rushed to refuel yesterday evening, March 3, with long queues forming at a Bangchak petrol station in Kathu as concerns grew that fuel costs could rise amid uncertainty in the Middle East. Vans and taxis running main routes such as Kathu to Patong were among those filling up, along with riders and other residents. The queue reportedly stretched beyond…
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Staff shortage paralyze delivery network as thousands of parcels pile up
A major logistics disruption has unfolded in Yala Province after a mass resignation of delivery workers left tens of thousands of parcels stranded inside a local warehouse, triggering mounting public frustration and urgent calls for corrective action. On December 28, reporters visited a warehouse operated by a well-known shipping company in Yala after customers began reporting severe delays and missing…
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US trade deal on hold as tariffs could rise if border conflict drags on
A senior official at Thailand’s Ministry of Commerce has warned that any trade deal with the United States cannot be finalized until a new parliament and cabinet are in place, as concerns grow that Washington could raise tariffs if fighting between Thailand and Cambodia is not resolved. Speaking on Friday, Chotima Iamsawadikul, director-general of the Department of International Trade Negotiations,…
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Thailand unveils 800k tax deductions under TISA plan
Thailand’s Finance Ministry is launching a new savings initiative to help citizens prepare for an ageing population, with tax deductions of up to 800,000 baht under the Thailand Individual Savings Account (TISA) scheme. Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas revealed that the economic ministerial meeting yesterday, December 8, approved a key measure under the government’s fifth economic pillar,…
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Thailand unveils six eco-friendly tax measures for 2027
Thailand’s Excise Department plans to roll out six new tax initiatives to promote environmental sustainability and improve public health. Director-General Pornchai Thiraveja said these policies aim to align with shifting global trade standards, which now place more emphasis on climate action and public health. The measures also support upcoming carbon-related regulations. Bangkok Post reported that the first measure expands the tax…
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Thai govt to hike VAT to 10% by 2030 in budget rescue plan
The government plans to gradually raise VAT to 10% to address rising deficits, as revealed by the finance minister during a major economic event in Bangkok. Finance Minister Ekniti Nitithanprapas revealed plans to gradually increase VAT, starting with a 1.5% rise to 8.5% by 2028. The announcement was made during his address at the Money Expo 2025 Bangkok Year-End, where…
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Thailand ‘Fast Pass’ to unlock stalled investment billions
Finance officials plan to present a new scheme to the economic Cabinet to fast-track approved investment projects and boost Thailand’s stalled capital flow. Thailand’s Finance Minister Ekniti Nitithanprapas will pitch the ambitious Thailand Fast Pass initiative to the economic Cabinet on Monday, November 24, aiming to cut red tape and expedite major domestic investment projects. The new scheme targets businesses…
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Thai budget deficit dips by 8.4% as economy stumbles on
Thailand’s Cabinet approved a new fiscal plan projecting reduced budget deficit and increased spending, aiming to stabilise the economy amid weak growth. Thailand’s government has announced an 8.4% reduction in the national budget deficit for the 2027 fiscal year, signalling a cautious step towards stabilising public finances amid a sluggish economy. Yesterday, November 18, the Cabinet approved a medium-term fiscal…
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Thai shops caught hiking prices under co-pay scheme
The Thai government is cracking down on shops accused of raising prices and violating rules after joining a nationwide co-payment scheme to aid consumers. Santi Piyatat, a minister from the Prime Minister’s Office, revealed that the Office of the Consumer Protection Board (OCPB) received 66 complaints between October 29 and November 11, flagging widespread misuse. Among them, 29 involved shops…
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Loy Krathong to rake in 6.5 billion baht despite toned-down mood
Thailand’s Loy Krathong Festival is expected to draw nearly 2 million local tourists and generate billions in revenue, despite scaled-back celebrations nationwide. The Tourism Authority of Thailand (TAT) reports that around 1.91 million domestic tourists will take part in the nationwide festival today, November 5, opting for serene celebrations over the usual fanfare due to the national mourning period honouring…
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Thai firms hunker down as 2026 outlook remains gloomy
Thai business leaders have warned that the economy will remain sluggish in 2026, urging companies to focus on cost control and avoid risky strategies. At a recent seminar hosted by DailyNews, Pun Paniangvait, general manager of Thai President Foods Plc, maker of the popular Mama instant noodles, painted a cautious picture of the year to come. He pointed to declining…
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Gold Price in Thailand Drops 100 THB; Ornaments Sell at 62,200
The Gold Traders Association (GTA) announced the domestic gold prices today November 4, 2025. In the first announcement at 9:05 AM, the price decreased by 100 THB compared to yesterday’s closing price (Nov 3). The prices announced by the association are as follows: 96.5% Gold Bar Buy: 61,300.00 THB Sell: 61,400.00 THB 96.5% Gold Ornaments Base Tax: 60,079.08 THB Sell:…
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Thai welfare cardholders get year-end cash boost from November
The Thai government will grant state welfare cardholders an extra 1,700 baht over two months to ease living costs and boost year-end economic activity. Starting today, November 1, over 13.4 million welfare cardholders across Thailand will receive an additional 1,700 baht in total, spread over two months. The new measure was confirmed by government spokesperson Siripong Angkasakulkiat following a Cabinet…
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How to claim your cash in Thailand’s co-pay wallet scheme
Thailand’s co-pay scheme returns, allowing eligible users to start spending via the Paotang app after topping up their G Wallet through various methods. Thailand’s popular co-payment scheme Khon La Khrueng Plus is back, and eligible users can start spending from tomorrow, October 29, through the Paotang app. But before cashing in on the perks, beneficiaries must first top up their…
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Thailand announces second phase of co-payment scheme
The Thai government prepares to launch the second phase of its popular co-payment consumer subsidy scheme in January in a bid to jumpstart domestic spending and bolster economic growth. The announcement was made yesterday, October 20, by government spokesperson Siripong Angkasakulkiat who confirmed that the upcoming phase will be financed from the 2026 fiscal budget. However, the total budget allocation…
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Snail-paced start for Phuket’s new co-payment scheme
Phuket officials have launched a new co-payment scheme to support small businesses, though early registration numbers remain lower than expected. The scheme, also known as Khon La Khrueng Plus, or half-half payment scheme, designed to support small businesses and ease the cost of living through 50% government subsidies on purchases, opened registration via the Tung Ngern system yesterday, October 15.…
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KEX Express delists from SET but vows business as usual
KEX Express announced its voluntary delisting from the Thai stock exchange, assuring customers and partners that operations and services will continue as normal. The final trading day for KEX shares was yesterday, with the delisting taking effect today, October 15. This move follows a successful tender offer by its majority shareholder, SF International Holding (Thailand) Co Ltd (SFTH), which now…
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Thai-Cambodian border conflict victims receive financial aid
Displaced residents in Buriram province have begun receiving compensation following uncertainties and damages caused by the Thai-Cambodian border conflict. Today, October 6, financial aid ranging from 2,000 to 5,000 baht per household was distributed, prompting locals to queue at ATMs as early as 1am. The support package is intended for families forced to evacuate due to clashes between Thai and…
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Baht holds steady as US shutdown spooks global markets
Thailand’s central bank reassured the public that no irregularities have been seen in local markets after the US shutdown triggered global financial jitters. The shutdown, which began after the US Senate failed to approve a temporary spending bill, has unsettled international markets and raised concerns over delayed economic data critical to the Federal Reserve’s monetary policy decisions. Yesterday, October 1,…
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