THE third phase of the 10,000-baht cash handout has been indefinitely delayed but the Economic Stimulus Policy Committee said this postponement is not related to not having sufficient money to cover the scheme, Thai Rath newspaper said this evening (May 19) Prime Minister Paetongtarn Shinawatra, who chaired the committee’s meeting today, was asked by
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10-year tourist visa, 99-year govt land lease planned to spur economy
DEPUTY PRIME Minister/Finance Minister Pichai Chunhavajira said he is going to propose that 10-year tourist visa be issued to enable foreigners to easily work in Thailand alongside 99-year lease of government land as part of measures to spur the economy, Naewna newspaper said late afternoon today (May 18). In a speech on “Thailand’s Capital
Read moreAlmost 90% of Thais’ deposit accounts is less than 50,000 baht
THE latest statistics released by the Bank of Thailand shows that more than 124.8 million bank deposit accounts in Thailand, totaling 89%, hold less than 50,000 baht (see chart below), Thai Rath newspaper said today (May 17). This figure is not just data but a strong warning sign of how fragile the Thai grassroots
Read moreAyutthaya vendor unveils durian claw machine
A VENDOR in Ayutthaya has launched an eye-catching claw machine that offers the gamer a durian and not the usual stuffed toys or trinkets as a prize, and for just 10 baht a try the winner could walk away with a fruit costing 250 baht, TV Channel 7 said today (May 15). Ms. Saranaya,
Read moreCabinet nod for issuing 5bn baht digital tokens as new fundraising channel
THE Cabinet today (May 13) approved the issuing of 5 billion baht worth of “Thailand Digital Tokens” as an alternative fundraising channel for the government with this to be available for investors in one to two months’ time, Amarin TV said. Deputy Prime Minister/Finance Minister Pichai Chunhavajira said those investing in these tokens will
Read moreUS and China take a step back from sky-high tariffs, agree to pause for 90 days
By AP and published by Yahoo!Finance Geneva – US and Chinese officials said on Monday (May 12) they had reached a deal to roll back most of their recent tariffs and call a 90-day truce in their trade war for more talks on resolving their trade disputes. Stock markets rose sharply as the globe’s
Read moreApp developed for the disabled and caregivers to obtain 0% interest loans
THE government has developed an app, called DepFund, for the disabled and their caregivers to access interest-free loans for their occupations, Amarin TV said this morning (May 8). Mr. Anukul Prueksanusak, deputy government spokesman, said the loans are from the Fund for Promotion and Development of Quality of Life of Disabled Persons, Department of
Read moreTrump says ordering ‘100% tariff’ on all movies produced abroad
By Reuters and published by CNA Washington – US President Donald Trump on Sunday (May 4) announced a 100 percent tariff on movies produced outside the country, saying the American movie industry was dying a “very fast death” due to the incentives that other countries were offering to lure filmmakers. “This is a concerted
Read moreCustomers heartbroken as The One Ratchada market announces closure
WIDELY discussed on Thai social media today (May 2) is an announcement by the operators of The One Ratchada market, right behind Esplanade Ratchada, that it is closing down on Monday May 5, Thai Rath newspaper said. After the operators posted a photo of the market announcing its closure many people commented with one
Read moreFormer finance minister warns against borrowing 500bn baht to stimulate the economy
AMID a move to borrow 500 billion baht to stimulate the economy in face of US tariff crisis, a former finance minister warned the government to stop selling dreams of turning a crisis into an opportunity, Naewna newspaper said today (Apr. 29). Mr. Thirachai Phuvanatnaranubala, former finance minister and deputy leader of Palang Pracharath
Read morePrice of imitation gold jewellery climbs as real gold price skyrockets
WITH the selling price of 96.5% real gold jewellery reaching 53,500 baht a baht weight this morning (Apr. 26) a shop in Nonthaburi too has increased the price of imitation gold jewellery by 50 baht, TV Channel 7 said. As of 9.04 a.m. this morning the Thai Gold Traders Association set the selling price
Read morePhutham denies Uyghurs issue led to him skipping trip to US
DEPUTY Prime Minister/Defence Minister Phumtham Wechayachai denied he is not part of the team still to visit US for the postponed tariff talks due to Thailand having deported 40 Uyghurs back to China stating that he has not received a letter banning his entry, Amarin TV said today (Apr. 23). Asked about Foreign Minister
Read moreTwo issues led to Thai-US talks being postponed: Pichai
DEPUTY Prime Minister/Finance Minister Pichai Chunhavajira said today (Apr. 22) US is concerned about two key issues which will be brought up when the postposed Thai-US tariff negotiations take place, Naewna newspaper said. The first is that while US wants more Thai exports to flow in, it is concerned about other countries manipulating the
Read moreThai-US tariff negotiations postponed
THE expected Thai-US trade negotiations focusing on the 36% tariff US President Donald Trump has imposed on Thailand which was set to take place on Wednesday Apr. 23, 2025 has now been postponed, Naewna newspaper said this evening (Apr. 21). Commerce Minister Pichai Naripthaphan said the Thai delegation, headed by Deputy Prime Minister/Finance Minister
Read moreChina warns countries against striking trade deals with US
By AFP and Reuters – published by Dw.com CHINA on Monday (Apr. 21) threatened countermeasures against countries that “appease” the United States by striking trade deals with Washington at Beijing’s expense. The warning follows a Bloomberg report that the US plans to pressure nations to curb trade with China if they want to avoid
Read moreTrump signals tit-for-tat China tariffs may be near end; TikTok deal on ice
By Reuters and published by Yahoo!Finance Washington – US President Donald Trump on Thursday (Apr. 17) signalled a potential end to the tit-for-tat tariff hikes between the US and China that shocked markets, and that a deal over the fate of social media platform TikTok may have to wait. “I don’t want them to
Read moreThai beef farmers oppose opening door to US beef
REPRESENTATIVES of nationwide beef farmers today (Apr. 17) submitted a letter to Agriculture and Cooperatives Minister Narumon Pinyosinwat opposing import of US beef as part of any settlement on the 36% tariff US President Donald Trump has imposed on Thailand, TV Channel 7 said. The beef farmers, who also represent Thai Beef Association, had
Read moreThai SMEs being hit by Chinese products flooding the market
THE US-CHINA trade war that has led to tariffs skyrocketing might soon turn into an economic storm for Thai people if Chinese products flood the market which could then lead to Thai SMEs being squeezed to the point of shutting down, Thai Rath newspaper said today (Apr. 17). China raised its duties on imports
Read moreChina hits back at Trump tariff hike, raises duties on US goods to 125%
By Reuters and published by USA Today Beijing/Warsaw/Washington- Beijing on Friday (Apr.11) increased its tariffs on US imports to 125%, hitting back against US President Donald Trump’s decision to hike duties on Chinese goods to 145% and raising the stakes in a trade war that threatens to up-end global supply chains. Meanwhile, the turmoil
Read moreAsean ministers hold virtual meeting, want balanced solution to tariffs
THAI Commerce Minister Pichai Naripthapan attended a Special Asean Economic Ministers’ Meeting via video conference this morning (Apr. 10) where it was agreed to propose constructive negotiations and find a balanced solution with US after President Donald Trump imposed steep new tariffs on most trading partners and while this has been paused for 90
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