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Budget Bureau allocates B87.36bn for stimulus projects
The Budget Bureau has allocated a total of 87.36 billion baht to fund 148 economic stimulus projects, according to Theerarak Saengsanit, deputy permanent secretary for finance. The allocation accounts for 75.72% of the 115 billion baht stimulus budget approved by the cabinet in June. The cabinet had earlier approved the 115 billion baht tranche based […]
Omoda & Jaecoo vows to expand Thai investment
Chinese electric vehicle (EV) manufacturer Omoda & Jaecoo (Thailand) is planning to spend more money in a bid to stimulate sales of EVs amid the sluggish automotive market in Thailand. The company, a subsidiary of China’s state-owned Chery Automobile, earlier announced a 5-billion-baht investment to build a battery EV (BEV) plant in Rayong, scheduled to […]
Shabu restaurants forced into price war
The Thai Restaurant Association sees the price war among major shabu brands as reflecting challenges of the sluggish Thai economy, as consumers are increasingly seeking value-for-money dining choices. This price competition is also affecting small and medium-sized restaurant operators. Last weekend, Thai media reported on the launch of Bonus Suki, a new sukiyaki brand operated […]
Thai manufacturers poised to take massive hit from US levy
The proposed 36% tariff on US imports of Thai products could pile pressure on the manufacturing sector, with workers likely to bear the brunt, says the Employers’ Confederation of Thai Trade and Industry (EconThai). The rate, scheduled to take effect on Aug 1, is higher than Thailand’s key rivals in Southeast Asia, as a 20% […]
Thailand showcases potential as one of Asean”s top investors in the US
Washington, D.C. — On May 11, 2025, the opening day of the SelectUSA Investment Summit 2025 in Washington, D.C., Dr. Nalinee Taveesin, President of Thailand Trade Representatives, led a high-level delegation from both the Thai public and private sectors to the biggest investment conference in the USA. The mission aims to deepen economic cooperation with […]
All Bangkok workers to get B400 minimum wage from July 1
An increase in the daily minimum wage to 400 baht for all workers in Bangkok will take effect on July 1, the national wage committee said on Tuesday. The 400-baht minimum rate will also apply to workers in most hotels and entertainment venues nationwide. Previously, it was limited to major tourist provinces and to upmarket […]
Sukiyaki battle boils up
As consumers tighten their budgets, leading sukiyaki restaurants are engaging in a price war to attract customers. This strategy has advantages and drawbacks, while the effect on sales can be uncertain. Local suki giants MK Restaurants and Suki Teenoi are going head-to-head in a battle for diners, as the sluggish economy affects purchasing power and […]
S&P credit rating cheers Thai government
The government on Tuesday welcomed the latest assessment by global credit rating agency S&P Global Ratings, stating that the rating reflected confidence in the country’s economic management. S&P on Monday affirmed Thailand’s credit rating at BBB+ and retained its stable outlook for the country. The agency projected Thailand’s gross domestic product (GDP) growth at 2.3% […]
Huamark Center 2.0 making its mark
Central Group has spent over 300 million baht on revamping Huamark Center to turn it into a next-generation lifestyle shopping mall. Pong Skuntanaga, head of corporate business development at Central Group, said the primary goal of the investment was to create a vibrant space that meets the diverse needs of people of all ages and […]