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BUSINESS

Trump says ‘be patient’ as US economy shrinks

News Agencies, Published on 30/04/2025

» WASHINGTON - US President Donald Trump has urged Americans to be patient in the face of an unexpected first-quarter economic contraction, claiming his tariffs will eventually lead to a boom in the US economy.

BUSINESS

Ministry pledges to address foreign tourists’ complaints

Molpasorn Shoowong, Published on 30/04/2025

» The Ministry of Tourism and Sports has pledged to address concerns raised by foreign tourists, including rampant dual pricing, following a recent outpouring of complaints on social media.

BUSINESS

Oil prices set for biggest monthly drop since 2021

Bloomberg News, Published on 30/04/2025

» Oil prices are headed for their largest monthly decline since November 2021 on signs that the US-led trade war is hurting economic growth and energy demand at a time when the Opec+ alliance has been loosening supply curbs.

BUSINESS

Euro zone growth figure tops forecasts

AFP, Published on 30/04/2025

» BRUSSELS - The euro zone economy expanded more than expected in the first quarter of this year, official data showed on Wednesday, despite US President Donald Trump’s tariffs, but global trade tensions threaten more pain and near-stagnation for the rest of the year.

BUSINESS

Electricity bills reduced for next 4 months

Yuthana Praiwan, Published on 30/04/2025

» Household power bills should come down after the Energy Regulatory Commission resolved on Wednesday to reduce electricity tariff from 4.15 baht to 3.98 baht per kilowatt hour (unit) for the next four months, from Thursday .

BUSINESS

Bank of Thailand cuts rate as tariff ‘storm’ darkens outlook

News Agencies and Post Reporters, Published on 30/04/2025

» The Bank of Thailand cut its key interest rate by a quarter point for a second consecutive meeting on Wednesday, in a move to support an underperforming economy facing uncertainty over steep US tariffs.

BUSINESS

Financial markets may be the last guardrail on Trump

AFP, Published on 30/04/2025

» WASHINGTON - Since returning to the White House, Donald Trump has ushered in sweeping changes to international geopolitics and US government administration with little regard for norms that have constrained predecessors.

BUSINESS

Thailand says Moody's acted too soon in downgrading ratings outlook

Reuters, Published on 30/04/2025

» The decision by ratings agency Moody's to downgrade Thailand's outlook was premature as trade talks with the United States have not concluded, the government said on Wednesday.

BUSINESS

Chinese set to spend record $1 trillion in local travel boom

Bloomberg News, Published on 30/04/2025

» HONG KONG — Chinese travellers are expected to fork out a record US$968 billion on mainland trips this year, making domestic tourism a bright spot amid concerns about lacklustre consumer spending.

BUSINESS

Thailand's factory output down 0.66%

Reuters, Published on 30/04/2025

» Thailand's manufacturing production index dropped by a smaller-than-expected 0.66% in March from a year earlier, helped by government stimulus measures, exports and tourism, the Ministry of Industry said on Wednesday.