Bank of Thailand keeps the interest rates the same
Thailand’s central bank kept its key interest rate at 1.00% as expected, pausing after earlier cuts while assessing the economic impact of rising oil prices linked to the Middle East…
Oil rises nearly 2% as US–Iran talks stall
Oil prices climbed further on Monday, rising 2% as stalled peace talks between the United States and Iran and restricted flows through the Strait of Hormuz kept global supplies tight.…
40-baht flat rail fare scheme fast-tracked
The Department of Rail Transport (DRT) has been instructed to speed up the rollout of a 40-baht flat fare for electric rail systems as part of efforts to ease living…
Thai Banks Shift Strategy Amid Fee Regulation Tightening
Thai banks are bracing for pressure on fee-based income as the central bank moves to standardise banking fees, despite strong growth earlier this year. The country’s six largest banks reported…
Government Vows Crackdown on Fuel Hoarding
Energy Minister Akanat Promphan has pledged to pursue a major fuel hoarding and smuggling case “to the very end” following scrutiny in parliament by Rangsiman Rome. Speaking in the House…
Thailand to Shorten Visa-Free Stay to Improve Visitor Quality
Thailand is preparing to scrap its 60-day visa-free entry scheme as part of efforts to improve visitor screening and promote higher-quality, sustainable tourism, Tourism and Sports Minister Surasak Phancharoenworakul said.…
Siam Cement Group to Shut Down Vietnam Plant Next Month
Photo Credit: Bangkok Post Concerns are rising over potential raw material shortages in Thailand’s manufacturing sector after Siam Cement Group(SCC) announced a temporary suspension of its Vietnam petrochemical complex. The…
Government Denies Plans to Raise VAT
The government has rejected reports of a planned increase in value-added tax (VAT) from 7% to 10%, calling the claims inaccurate and reaffirming its focus on lowering living costs and…
Thai EV Sales Expected to Rise on New Trade-In Incentives
Thailand’s automotive industry is poised for a boost from the government’s proposed car trade-in scheme, with Omoda & Jaecoo (Thailand) saying the initiative could lift sales, reinforce supply chains, and…
Fuel Surcharges Rise as Airlines Cut Back Schedules
Local airlines are continuing to scale back capacity by merging less profitable flights into remaining services, as they grapple with rising jet fuel costs. At the same time, Japan Airlines…