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.…
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…
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…
Phuket Long-Stay Visa Rules for Condo Buyers Clarified
Immigration officials and real estate executives have clarified Thailand’s long-stay visa programme for foreign property investors, aimed at boosting demand and easing oversupply in the housing market. The scheme, introduced…
PM Considers 500 Billion Baht Borrowing Plan
Prime Minister Anutin Charnvirakul has tasked his deputy, Ekniti Nitithanprapas, along with the Council of State, to examine the legal framework surrounding a potential emergency loan decree and a possible…
Thai Bond Market Faces Pressure Amid Rising Inflation Concerns
Thailand’s bond market is under increasing pressure as rising oil prices fuel inflation fears, push yields higher, and trigger foreign capital outflows, according to Thai Bond Market Association president Somjin…
Conflict expected to drive condominium demand across key global markets
Thailand’s property market could see increased demand for condominiums and rental homes as people relocate from countries affected by the Middle East conflict, according to Colliers Thailand. Research director Phattarachai…