Bangkok: The Federation of Thai Industries (FTI) pointed out that the 36% tax rate is higher than Malaysia and Vietnam, reflecting that Thailand is at a competitive disadvantage. It estimates the damage to the value of Thai exports at 800-900 billion baht. It believes that the additional proposals that Thailand
Bangkok: Plastic industry group ready to cooperate with government to find a solution to the 36% tax, worried about order cancellations. Mr. Thititham Pongpanangam, Chairman of the Plastics Industry Club, Federation of Thai Industries (FTI), stated that the impact of the United States’ decision to impose a 36% tax on
Bangkok: UOB Thailand has released the UOB Business Outlook Study 2025, reflecting the adaptation approach of Thai businesses amid the challenges of the US import tariffs and uncertainty in the global supply chain. It indicated that Thailand will be affected by 36% tariffs in three waves and would like to
Bangkok: Thai stocks ended the trading session with a decrease as the SET index closed at 1,115.65 points, down 7.35 points or 0.65%. The trading value for the day amounted to 29,535.64 million baht. According to Thai News Agency, analysts observed that the Thai stock market experienced fluctuations in negative
Bangkok: Pichai reiterated that the US import tax from Thailand will remain at 10% until the end of July. During this time, there is still time to negotiate and persuade the US to reconsider the new tax rate. He believes that if the market is opened to more US products,
Bangkok: The Comptroller General’s Department is taking swift action to expedite the procurement and hiring process as part of an economic recovery plan, with a substantial budget of 157 billion baht allocated for this purpose. Government agencies have been urged to act promptly in line with the economic recovery strategy.
Bangkok: The Minister of Labor is preparing to propose to the Cabinet an extension of the stay period for Myanmar workers in Thailand by an additional six months. This proposal aims to address labor shortages and support economic activities in the country. According to Thai News Agency, the recent announcement
Bangkok: “Sirikanlaya” expressed shock as Thailand was included in the first set of US tariff announcements, feeling forced into a corner by the imposed deadline. Ms. Sirikanya Tansakul, MP and deputy leader of the Prachachon Party, highlighted the unexpected move by the US, which has maintained a 36% import tariff
Sisaket: The Election Commission has announced the schedule for the by-election to fill the vacant Member of Parliament position for Sisaket District 5. The application process for candidates will be held from July 14 to July 18, with the election set for August 10. According to Thai News Agency, the
Bangkok: The Ministry of Interior has proposed the appointment of the Director-General and Governor, transferring “Chaiwat-Narucha” into the inspector group. “Nirat”, the Chiang Mai governor, is set to govern, while “Phopchanok”, the Phetchaburi governor, will control the local area. According to Thai News Agency, in today’s Cabinet meeting, the Ministry