Thailand Baht Money Currentcy

BoT Readies Intervention as Thai Baht Tanks, Hitting 5-Year Low

The Thai baht is tanking and the Bank of Thailand is ready to intervene in the market to prop up the currency, worsening the...
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Already $44 Billion in Debt, Thailand Rules Out Borrowing to Fund...

. Finance Ministry unsure economy needs another cash infusion
Retail Prices Shopping Supermarket Store Stale Discounts Inflation

Surging Inflation Catches Bank of Thailand by Surprise

The Bank of Thailand informed the finance minister that inflation exceeded its expected level but should return to its normal pace late this year. BoT...
Thailand Inflation Retail Shopping Market Supermarket Store Prices

Inflation hits 13-Year High 5.7% in March

Inflation hit 5.73% in March, the highest rate in 13 years with the government blaming the Russia-Ukraine war for rising energy prices. Trade Policy and...
Thailand 20 Baht Polymer banknotes currency notes

New Polymer ฿20 Banknotes Hit Street

The Bank of Thailand on Friday launched its new 20-baht note made of a long-lasting polymer. ​The initiative to change from paper to polymer for...
Thailand Crypto Currencies Bitcoin Baht Ban Digital Assets

Thailand Bans Crypto for Payment of Goods, Services

Joining a growing worldwide backlash against crypto payments, Thailand’s Securities and Exchange Commission banned the use of digital assets as a means of paying...
Thailand Supermarket SHopping Retail Prices Inflation

Cabinet OKs Spending Billions More on Covid-19, Cost-of-Living Subsidies

Thailand continued to spend money it doesn’t have Monday, approving another 8.5 billion baht for its coronavirus response and 10 more subsidies to reduce...
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No Plans to Raise Thai Minimum Wage to ฿492 a Day...

The Labor Ministry dismissed social media rumors that Thailand planned to raise the minimum wage 64% to 492 baht a day. Labor Minister Suchart Chomklin...
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Finance Ministry to Propose New Living Cost Relief Measures

The Finance Ministry will propose a new set of measures to help control rising living costs as fuel prices continue to fluctuate. Ministry Permanent Secretary...
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Russia-Ukraine War Seen Costing Thailand ฿245 Billion in Trade, Tourism

Russia’s invasion of Ukraine could cost the Thai economy 245 billion baht and hinder economic growth this year, the University of the Thai Chamber...
Crude Oil Barrels

Major Business Group Cuts Economic Growth Forecast on Ukraine War, Oil...

The Joint Standing Committee on Commerce, Industry and Banking revised its prediction on Thai economic growth downwards to 2.5-4.5% this year while proposing the...
Thais shop at street carts and outdoor markets in Pattaya in mid-November 2020. (Photo: Bangkok Herald)

Recession Ends as Thailand Posts 1.6% Growth in 2021

Years of recession ended Monday as Thailand reported that its economy grew 1.6% in 2021. The economy returned to growth in the fourth quarter, but...
Thailanad Store Mall Shop Prices Sale Discount Inflation

Bank of Thailand Sees Inflation Easing in Late ’22

The Bank of Thailand expects headline inflation to top an earlier forecast of 1.7% this year, but should remain within the central bank’s target...
Retail Prices Shopping Supermarket Store Stale Discounts Inflation

Thailand Goes All In on Manipulating Free Market Through Price Controls

. Commerce Min to tell manufacturers what products should cost in futile bid to beat inflation
Bank of Thailand BOT

BoT to Hold Interest Rates at Record Lows for Another Year

The Bank of Thailand will wait at least a year before raising interest rates from current record lows to support the economy, which has...
Consumer Price Index CPI in Thailand increased to 103.01 points in January from 101.86 points in December of 2021

Thai Consumer Prices Jump Startling 3.2% in Jan.; Gov’t Plays Down...

After dipping in December, consumer prices roared higher in January, faster than economists expected. The headline consumer price index jumped 3.23% last month compared with...
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Gov’t Continues Market Meddling, Freezing Cooking Gas Prices Until April

The government continues to ring up huge bills artificially capping and controlling prices in Thailand, with cooking gas joining the price-freeze list on Wednesday. The...
Small vendors, such as those at markets in Pattaya, have benefitted from the Let's Go Halves program. (Photo: Bangkok Herald)

‘Let’s Go Halves 4’ Set for March Launch

The Finance Ministry expects to launch the fourth phase of the “Let’s Go Halves” co-payment scheme in March,. Pornchai Theerawet, spokesman for the Finance Ministry,...
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World Bank Throws Water on Rosy Thai Economic Forecasts, Sees only...

The World Bank isn’t as rosy on Thailand’s economy as Thailand’s bureaucrats are. Following Thai government forecasts of 1.5 percent and 1.2 percent growth in...
Thais shop at street carts and outdoor markets in Pattaya. Small shops have embraced the government's co-pay scheme to boost business while the public can spend 150 baht a day on small items using government subsidy. (Photo: Bangkok Herald)

Full Recovery of Thai Economy in 2023 – Finance Ministry

The Finance Ministry said it expects the economy to fully recover by 2023, driven mainly by tourism. Minister Arkhom Termpittayapaisith said 2022 should see the...
Retail Prices Shopping Supermarket Store Stale Discounts Inflation

Inflation Surges to 2.7% in Nov., Highest in 7 Months

Inflation in November surged to 2.7 percent, the highest pace in seven months, fueled by the easing of disease controls and business reopenings. Ronnarong Phoolpipat,...
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CESA OKs Plans to Attract Rich Foreigners, Film Crews

The government’s economic task force approved four new schemes to attract rich foreigners to Thailand, overseas film productions and support cloud-computing and tech startups. The...
Khlong Toey Port in Bangkok. (Photo: Bangkok Herald)

Thai Economy Now Seen Growing 1.5% in 2021

The University of the Thai Chamber of Commerce’s economic forecasting center now expects the economy to expand by 1.5 percent this year, owing to...
Thai Economy GDP Chart Quarters Thailand

Thai Economy Shrinks Less Than Expected 0.3% in Q3, Buoyed by...

Thailand’s economy contracted less than expected in the third quarter, with the relatively strong exports offsetting the devastating effects of the coronavirus delta variant. Gross...
Prices for fresh vegetables have pushed up inflation. (Photo: Bangkok Herald)

Fuel, Flooding Push Thailand Inflation Rate to 2.4% in Oct.

Fuel prices and severe floods pushed inflation to 2.38 percent in Thailand last month. The Finance Ministry said headline inflation jumped from 1.68 percent in...
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