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News
Central bank holds interest rate steady at 1% as real economy strains and investment targets technology
2+ hour, 17+ min ago (1300+ words) Thailand’s central bank unanimously held its policy rate at 1.00% on Wednesday as a dangerous economic divide widened. Import-heavy technology investment is surging, while SMEs lose credit and hard-pressed households cut spending. Meanwhile, inflation is set to rise as Middle East…...
Business opportunity as devout Thai ice cream tycoon offers to sell everything to become a forest monk
3+ day, 1+ hour ago (1604+ words) The owner of Hawell’s Ice Cream is selling his entire business for ฿165 million before abandoning commercial life. Dr Siripong Akrasriyuk plans to become a monk and live alone inside a forest retreat. He has given himself two years to complete…...
Survey shows resilient Thai consumers taking charge of their wallets and spending despite low growth
6+ day, 3+ hour ago (1518+ words) Thai consumers are tightening their belts as prolonged economic weakness continues to squeeze household finances. Low economic growth has beset Thailand for roughly six years. Consumer credit has also remained scarce, adding pressure on households. Yet a new Milieu Thailand…...
Thailand recalibrates policy as data shows Chinese EVS gaining with many not made in the kingdom
1+ week, 1+ day ago (1551+ words) Deputy Prime Minister and Finance Minister Ekniti has ordered an accelerated overhaul of Thailand’s entire automotive tax structure. The government wants the review completed by September 2026. At its core, the plan will favour manufacturers investing in production inside Thailand. Imported…...
GDP growth flounders. Deeply disturbing underlying data. Real economy in retreat. 1.1 trillion deficit
1+ week, 2+ day ago (1419+ words) The National Economic and Social Development Council reported the figures for the second quarter of 2026. GDP grew 1.9% compared with the same period last year. However, output declined 0.2% compared with the first quarter. Mr Veerayooth described the headline result as “hypothetical…...
Something gone wrong in the business world as confidence plummets to a three year low in survey
1+ week, 6+ day ago (1295+ words) Thailand’s business confidence has fallen to its lowest level in 35 months as weak purchasing power bears down nationwide. High household debt is restricting spending, while income growth remains weak across every region. At the same time, businesses face higher energy,…...
Shift in the Thai economy sees the lowest baht value in 15 months as imports rise far faster than exports
1+ mon, 1+ day ago (1379+ words) Thailand’s weakening baht has thrust the country’s external finances back into the spotlight as imports outpace exports despite record overseas sales. The shift has rapidly elevated the current account deficit into one of the economy’s most closely watched indicators. Notably,…...