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GENERAL

Government preps budget for tariff woe

Business, Wichit Chantanusornsiri, Published on 25/07/2025

» The government looks set to allocate additional budgetary support for businesses impacted by the US reciprocal tariffs.

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GENERAL

US tariffs to be cushioned by B25bn state package

Business, Wichit Chantanusornsiri, Published on 25/07/2025

» The Finance Ministry is allocating an additional 25 billion baht in the 2026 fiscal budget to mitigate the impact of tariff measures imposed by US President Donald Trump.

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GENERAL

Geographical reach of pico-finance businesses to be expanded

Business, Wichit Chantanusornsiri, Published on 23/07/2025

» The Finance Ministry is in the process of revising its ministerial announcement to expand the geographical scope of the pico-finance business to better serve small-scale borrowers and draw informal lenders into the formal financial system.

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GENERAL

Name of new BoT chief to be presented to cabinet on Tuesday

Business, Wichit Chantanusornsiri, Published on 22/07/2025

» The nomination for the next governor of the Bank of Thailand is set to be submitted for cabinet approval on Tuesday, with Vitai Ratanakorn, president of the Government Savings Bank, highly likely to be the name put forward by Finance Minister Pichai Chunhavajira.

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GENERAL

Thailand 'can't match' Vietnam's US tariff proposals

Business, Wichit Chantanusornsiri, Published on 21/07/2025

» Thailand cannot offer the same kind of trade proposals to the United States as Vietnam did, warns Somjai Phagaphasvivat, an expert in international economics, who added that Vietnam was able to remove tariffs on all US imports because it has free trade agreements (FTAs) with 27 countries, which have already reduced most of Vietnam's import tariffs to zero.

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GENERAL

Thailand considers excise tax hikes on imported EVs

Wichit Chantanusornsiri, Published on 18/07/2025

» The Ministry of Finance is studying the imposition of a higher excise tax on imported electric vehicles (EVs) that use a low proportion of local content.

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GENERAL

State firms warned of reform ahead of OECD membership

Business, Wichit Chantanusornsiri, Published on 17/07/2025

» Thailand's state enterprises are being told to prepare for alignment with the Organisation for Economic Cooperation and Development's (OECD) standards, particularly in the area of fair competition.

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GENERAL

B3bn credit guarantees to aid firms hit by trade war

Business, Wichit Chantanusornsiri, Published on 17/07/2025

» Thai Credit Guarantee Corporation (TCG) has launched a credit guarantee measure worth 3 billion baht to support entrepreneurs affected by the ongoing trade war.

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GENERAL

Cabinet preps Financial Hub Bill draft

Business, Wichit Chantanusornsiri, Published on 16/07/2025

» The cabinet is preparing to propose the draft Financial Hub Bill for parliamentary deliberation in the near future.

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GENERAL

Revenue collection may not reach goal

Business, Wichit Chantanusornsiri, Published on 15/07/2025

» The government's revenue collection for fiscal 2025 may fall short of its target due to the impact of the economic slowdown, says finance permanent secretary Lavaron Sangsnit.