Thai Prime Minister Srettha Thavisin, right, has been pressuring Bank of Thailand Gov. Sethaput Suthiwartnarueput to cut interest rates for the good of the country's slowing economy. (Nikkei montaage/Source photos by Hiroki Endo and Ken Kobayashi)
Market Spotlight

Bank of Thailand ignores Srettha's pressure to cut interest rate

Central bank expects inflation to pick up, punts baht-weakening structural problems to government

15 April 2024
Thailand has been courting foreign investment to grow its EV industry.
Automobiles

Thailand smiles at both Taiwan and China as it courts EV investment

Delta Electronics, BYD among companies betting on Southeast Asia's top auto producer

11 April 2024
Thailand's inflation has fallen short of the bank’s target range of 1% to 3% for two straight quarters.
Economy

Bank of Thailand keeps interest rate at 2.5%, defying PM Srettha

Government to fund $14bn digital wallet with fiscal budget, not loans

10 April 2024
Laem Chabang port in 2020: Thailand has been slow to adjust to the changing nature of globalization. (Photo by Akira Kodaka)
Opinion

To revive investor interest, Thailand needs more than salesmanship

Structural reform needed to make country competitive with neighbors

9 April 2024
Inflation readings in Thailand have been negative, a trend largely fueled by government subsidies on diesel.
Economy

Thailand inflation fell by 0.47% in March for its sixth straight drop

Negative streak could end if fuel subsidies elapse or decrease

5 April 2024
Boston Consulting Group's Global Chair Rich Lesser speaks to Nikkei Asia in Bangkok on March 15. (Photo by Hiroki Endo)
Interview

ASEAN's digital economy growth hinges on upskilling: BCG chair

Rich Lesser says region has to invest in both current and future generations

22 March 2024
A ship transports containers down the Mekong River. Recently installed Cambodian PM Hun Manet said the $1.7 billion China-backed canal project would allow his country to "breathe through our own nose," diverting its goods for export directly to its own coast rather than via the Vietnam-controlled Mekong Delta. (Photo by Jack Brook)
Asia Insight

Cambodia to divert Mekong trade via China-built canal, vexing Vietnam

Planned Phnom Penh-coast link raises alarms amid regional influence tussle

12 March 2024
Bank of Thailand Gov. Sethaput Suthiwartnarueput, left, and Prime Minister Srettha Thavisin (Nikkei montage/Source photos by Hiroki Endo)
Comment

Thai government once again in conflict with central bank

Slow policy progress lies behind Srettha's impatience for rate cut

11 March 2024
Bank of Thailand Gov. Sethaput Suthiwartnarueput in Bangkok in February: The central bank's policy rate is now 2.5%, the highest level since 2013. (Photo by Hiroki Endo)
Opinion

Bank of Thailand right to resist Srettha's call for rate cuts

Yet prime minister also has good cause to use fiscal policy to boost growth

7 March 2024
Shoppers and tourists walk along Khaosan Road in Bangkok. (Photo by Hiroki Endo) 
Inflation

Thailand's consumer prices fall for fifth consecutive month

Negative inflation adds to PM Srettha's pressure on central bank

5 March 2024
The U.S. Federal Reserve has signaled rate cuts in the coming months as inflation worries decrease, easing the cost of borrowing. (Photo by Shinya Sawai)
Finance

ASEAN banks' fat interest margins wane as Fed rate cuts loom

Singapore, Thailand and Indonesia anticipate rocky road in loan earnings

28 February 2024
People walk through a crowded market in Mumbai. India will announce gross domestic product in the October-December quarter on March 1.
Your Week in Asia

Cobra Gold military exercise, South Korean birth rate, India GDP

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

25 February 2024
Thailand has approved a special tax deduction for companies that switch from traditional to electric trucks. (AFP/Jiji)
Automobiles

Thailand approves EV incentive program for commercial trucks, buses

Tax reduction measures aim to spur demand, reinforce status as regional hub

21 February 2024
Bank of Thailand Gov. Sethaput Suthiwartnarueput speaks to Nikkei Asia in Bangkok on Feb.21. (Photo by Hiroki Endo)
Interview

Bank of Thailand chief denies economy in 'crisis' as PM urges rate cut

Sethaput says monetary easing won't improve tourism spending or export demand

21 February 2024
Tourists pose for a photo at Wat Arun in Bangkok on Jan. 2. Tourism recovery buoyed economic growth but weak exports still weighed on Thailand. (Photo by Hiroki Endo)
Economy

Thailand's 2023 GDP growth slows to 1.9% on weak exports

2024 growth forecast downgraded after worse-than-expected Q4 figures

19 February 2024
While Thai-made elephant pants cost about $2.80, Chinese knockoffs can be had for half that. (NIKKEI montage/Source photos by Getty and Kosuke Inoue) 
Travel & Leisure

Elephant pants have Thailand debating soft power and copyrights

70% of country's elephant-patterned trousers found to be made in China

18 February 2024
With their demographic dividends petering out, some ASEAN economies are facing the risk of getting old before they get rich. 
Datawatch

Aging Southeast Asia grapples with weak social safety nets

State pensions cover less than 30% of working-age population in some countries

17 February 2024
Food prices at Singapore's popular hawker centers climbed 15% between 2019 and 2023. (Photo by Fumika Sato)
Economy

Singapore, Thailand and more hand out cash to ease inflation pain

SE Asia governments focus on public support while critics warn of fiscal strain

17 February 2024
A bank employee counts Thai baht. The strong U.S. economy has squeezed the value of emerging-market currencies.
Currencies

Thai baht, Malaysian ringgit sink to three-month lows against dollar

Emerging nation central banks balk at rate cuts to defend currencies

16 February 2024
Great Wall Motor is building electric vehicles in Thailand. (Photo by Kenya Akama)
Economy

Thai investment applications hit 5-year high, led by Chinese money

FDI jumped 72% in 2023 as U.S.-China frictions persist

9 February 2024
Bank of Thailand Gov. Sethaput Suthiwartnarueput has been under pressure from the prime minister to cut interest rates.
Economy

Thai central bank stands pat despite rate cut pressure from PM

Latest monetary policy decision in line with economists' expectations

7 February 2024
Thailand, which had Asia's worst-performing market last year, has faced calls to raise the standard of listed companies and prevent corporate scandals.
Markets

Thai SEC tightens listing rules, criteria for marking troubled stocks

Regulator also considers measures to curb high-frequency trading

6 February 2024
From the Philippine peso to the Australian dollar, a wide range of Asia-Pacific currencies faces weakness against the U.S. dollar. (Photo by Akira Kodaka)
Currencies

Philippine peso, Malaysian ringgit sink on China's economic woes

Trade ties to No. 2 economy spur rate cut speculation in Australia and Thailand

25 January 2024
Phuket's famous Patong Beach. Dubbed the Pearl of the Orient, the island is the jewel in Thailand's tourism crown thanks to its numerous beaches and clean air. (Photo by Dominic Faulder)
Business Spotlight

Phuket booms as wealthy Russians seek a new home

Residential sales skyrocket but bring traffic and infrastructure headaches

17 January 2024
The Bank of Thailand raised its benchmark interest rate to a decade-high of 2.5% in September 2023, a move that the government complains is weighing on the economy.
Economy

Thailand's central bank shrugs off political pressure to cut rates

Executive says recent price falls 'not a cause' for monetary easing

16 January 2024