Thailand's Finance Minister Pichai Chunhavajira says the government's ($14 billion) digital wallet program is needed to raise incomes in the countrty. (Photo by Hiroki Endo)
Economy

Thailand sets $14bn digital wallet registration for August 1

Srettha government stands firm on handout to revive flagging economy

24 July 2024
This SRT train in Bangkok's Krung Thep Aphiwat Central Station prepares to depart for Vientiane on the newly opened line on July 19. (Photo by Shinya Sawai)
Transportation

Thailand's new rail links carry hope for expanded Chinese trade

Laos-China railway become a key gateway for Thai and Malaysian exports

23 July 2024
Foreign tourists wait at immigration at Bangkok's Suvarnabhumi International Airport. (Photo by Ken Kobayashi)
Economy

Thailand extends visa-free travel to 60 days for 93 countries

Tourism authority sets $94.1bn revenue target for 2025

16 July 2024
Ronald McDonald watches a delivery driver pick up an order in Bangkok, Thailand. As Grab and LINEMAN fight for survival, other players call it quits.
Business trends

Thai food delivery apps struggle to survive cutthroat market

Local player Robinhood to close as consumers return to their pre-COVID routines

16 July 2024
The Bangkok area's Suvarnabhumi Airport will be affected by the duty-free shop closures, along with seven other airports.
Travel & Leisure

Thailand to shut duty-free shops at airport arrival zones

Tourist destination wants visitors to spend more in the country

6 July 2024
Thailand's drive into data centers comes as the nation looks to modernize its industrial sector. (Nikkei montage/Source photo by Ken Kobayashi)
Economy

Thailand ramps up push into data centers

Companies such as Microsoft turning to Southeast Asian nation

5 July 2024
A garment factory in Hanoi. The minimum wage in the capital has increased about 80% over the past decade. (Photo by Atsushi Tomiyama)
Economy

ASEAN wage hikes worry industries benefiting from supply chain shift

Vietnam implements 6% nationwide raise; Thailand plans 'unrealistic' 14% increase

2 July 2024
The Taipei skyline. Taiwan has inked an investment agreement with Thailand in a potential boost for business.
International relations

Taiwan announces Thailand investment deal, marking first pact under Lai

Move picks up where Tsai left off in diversifying economic ties away from China

28 June 2024
Under plans to ease regulations on property ownership in Thailand, foreigners will be able to lease land for 99 years. (Photo by Ken Kobayashi)
Property

Thailand to court foreign buyers amid condominium supply glut

Government to ease rules as domestic purchasing power weakens

26 June 2024
The Stock Exchange of Thailand is staring down another year as Asia's worst-performing market. (Photo by Ken Kobayashi)
Markets

Thailand expands ESG fund criteria to boost sluggish bourse

Political risk and corporate scandals still haunt investor confidence

25 June 2024
Japanese automaker Toyota is grappling with the fallout of a safety scandal. Some proxy firms are advising investors to vote against reappointing Chairman Akio Toyoda as a director at the company's AGM.
Your Week in Asia

Toyota AGM, Thai gay marriage bill, Indonesian policy meeting

Your weekly lineup of Asia's biggest business and political events

16 June 2024
A Bangkok port: ASEAN has a new No. 1 export market now that the U.S. is increasing its procurement of electronic parts from the bloc and China's economy is stagnating.
Trade

U.S. tops China as ASEAN's largest export destination

Positions flip-flop for 1st time in 6 quarters, following supply chain shift

13 June 2024
Some economists say the central bank us unlikely to cut interest rates before the Fed as it could cause capital outflows and weaken the baht, adding to inflationary pressure.
Economy

Bank of Thailand holds key interest rate steady at 2.5%

Economists expect central bank to wait for Fed's move before easing

12 June 2024
 Offices and residential buildings crowd in Bangkok. (Photo by Ken Kobayashi)
Myanmar Crisis

Arrests spook Myanmar condo buyers shifting wealth to Thailand

Myanmar clients behind only Chinese in Thai market in Q1

11 June 2024
Some 50 years after the first modern-day Japanese convenience store opened in Tokyo, players like 7-Eleven need expansion in countries such as Thailand, pictured above, as their domestic market is set to shrink.
Business Spotlight

Japan's convenience store chains chase elixir of growth across Asia

Indonesia, Thailand, China in focus as retailers face aging, shrinking home market

7 June 2024
Tokyo-based Uoriki plans to open more outlets selling Japanese seafood in Thailand in partnership with Charoen Pokphand Group. (Photo by Kenya Akama)
Fisheries

Thailand emerges as next big market for Japan seafood

'Blue ocean' market grows in importance after China import ban

7 June 2024
Chinese President Xi Jinping, center, and South African President Cyril Ramaphosa, second from left, attend the China-Africa Leaders' Roundtable Dialogue during the BRICS Summit in Johannesburg in August 2023.
International relations

Thailand aims to become first Southeast Asian BRICS member

Bangkok eyes bigger role among emerging nations in bloc led by China, India, Russia

29 May 2024
With the government losing support, Prime Minister Srettha Thavisin in legal jeopardy and the country's economy only managing to inch forward, the Pheu Thai party has placed all its chips in a controversial digital wallet scheme. (Photo by Hiroki Endo)
Economy

Thai cabinet signs off on $3bn in borrowing for digital wallet

PM Srettha launches last-resort bid to fund Pheu Thai's promised handout

28 May 2024
Thai Prime Minister Srettha Thavisin speaks at the Future of Asia forum in Tokyo on May 24. (Photo by Yuki Kohara)
The Future of Asia 2024

Free trade deals should be a 'top priority' for Asia: Thai PM Srettha

Thailand pursuing more FTAs, prime minister says after Europe trip

24 May 2024
Taiwan Printed Circuit Association Chairman Maurice Lee said nearly 30 new investments in printed circuit boards in Thailand have been announced since the beginning of last year, and most of the new factories will go online by the end of next year. (Photo by by Lauly Li)
Supply Chain

Thailand power supply in question as tech investment floods in

Flurry of new Taiwanese and Chinese PCB projects to test industrial infrastructure

22 May 2024
A tourist is seen passing in front of ZaZa Asia Cannabis dispensary and weed shop, on Sukhumvit Road, in Bangkok. Legalization of cannabis has made a certain contribution to attracting tourists. (Sipa via AP Images)
Economy

Thai economy grows at a lackluster 1.5% in Q1

Robust tourism lends support but weak exports weigh down overall growth

20 May 2024
Thai workers march along a road to mark International Labor Day 2024. The Thai government is adamant about raising the minimum wage, but businesses are lobbying against the move.
Work

Thailand could lose jobs with minimum wage hike, business lobby says

Labor-intensive industries may move across border or hire migrants at low pay

16 May 2024
Prime Minister Srettha Thavisin's ruling Pheu Thai Party faces challenging economic conditions. (NIkkei montage/Source photos by Ken Kobayashi and Hiroki Endo)
Politics

Thai ruling party grapples with slow economy 1 year after election

Political pledges languish as weak global demand weighs on manufacturing

14 May 2024
China accounts for half of the world’s steel production, and exports a third of its steel to Southeast Asia. (Photo by Tomoko Wakasugi)
Trade

Thailand considers new anti-dumping measures against Chinese steel

Southeast Asia braces for supply glut from imports and too much domestic capacity

10 May 2024
Persistent inflation has led central banks to refrain from cutting interest rates, increasing pressure on borrowers servicing payments and on banks' payouts to depositors.
Finance

ASEAN banks grapple with uncertain U.S. Fed interest rate cuts

From loan stresses to payouts, lenders manage murky financing prospects

10 May 2024