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Commerce Minister Suphajee Suthumpun meets Thai business executives in Los Angeles to discuss strategies for countering U.S. tariffs, boosting exports, and enhancing Thailand’s global food and agricultural competitiveness. LOS ANGELES – Thailand’s Commerce Minister, Suphajee Suthumpun, met with major Thai business operators in the United States and confirmed that trade negotiations with the U.S. government, including on Reciprocal Tariffs, are continuing on the original timeline. The Minister stressed that the government remains committed to concluding the talks while upholding both national sovereignty and economic interests. Suphajee and senior Commerce Ministry officials used the meeting to gather feedback from Thai executives…
Chakrit Pichyangkul, director of the Creative Economy Agency, speaks at the Ignite Thailand-Korea Business Forum in Bangkok on Monday. (Park Hae-mook/The Korea Herald) Korea Herald correspondentBANGKOK — Thailand is turning to cultural and digital industries — spanning fashion, design, film, music and software — as new growth engines beyond traditional industrial sectors. Together, they form the country’s “creative economy,” which Thailand is working to transform into a technology- and intellectual property-driven growth model.According to Thailand’s National Economic and Social Development Council, the country’s creative economy now stands at $44.5 billion — just over 8 percent of gross domestic product —…
BANGKOK (Reuters): Thailand’s economy is expected to grow over 2% this year, Finance Minister Ekniti Nitithanprapas said on Monday.Fourth quarter growth should exceed 0.6% annually, he said.The statement came after records showed on Monday that Thailand’s economy grew at its slowest pace in four years in the third quarter, according to official data.showed on Monday, weighed down by weaker tourism and manufacturing during a period of domestic political uncertainty and a border conflict.Gross domestic product grew 1.2% in the July-September quarter from a year earlier, National Economic and Social Development Council data showed.That was slower than the annual growth of…
Authorities in Ratchaburi fined a Damnoen Saduak Floating Market stall owner 2,000 baht for failing to display prices, following a viral Korean YouTube video that drew online backlash over high clothing costs. RATCHABURI, Thailand – Thai authorities fined a vendor at the Damnoen Saduak Floating Market in Ratchaburi after a video by Korean YouTubers Jung and Cullen (Cullen HateBerry) showed high clothing prices, triggering online backlash from viewers. Following the controversy, officials inspected the market. The stall owner admitted to the sales, which occurred in early October, but acknowledged failing to display price tags.The stall in question was fined 2,000…
[BANGKOK] Thailand posted its widest trade deficit since early 2023, with a surge in imports of capital goods and raw materials from China, even as exports lost momentum after US buyers frontloaded purchases to beat higher tariffs.Inbound shipments jumped 16.3 per cent in October, beating even the most optimistic forecast in a Bloomberg survey of economists, while exports grew just 5.7 per cent, missing estimates. As a result, the country’s trade balance swung to a US$3.4 billion deficit, from US$1.3 billion surplus a month earlier, the Commerce Ministry data showed on Tuesday (Nov 25). The wider deficit underscores imbalances in…
Thailand and Taiwan led emerging Asian markets higher on Tuesday as investors stepped up bets on a U.S. Federal Reserve rate cut in December, after several officials signalled support for easing.The MSCI emerging Asia index rose 1%, extending gains for a second session. Taiwan’s benchmark climbed 1.5%, while Bangkok shares advanced 1.1%.Momentum across regional markets has picked up in the last two days after Fed Governor Christopher Waller said soft labour conditions justify another quarter-point cut next month.Lower U.S. borrowing costs typically support open Asian economies by giving their central banks greater scope to trim domestic rates.”If the Fed does cut…
A woman in Thailand shocked temple staff when she started moving in her coffin after being brought in for cremation.
Follow us on Instagram, TikTok, and WhatsApp for the latest stories and breaking news. A 65-year-old woman in Thailand shocked staff at Wat Rat Prakhong Tham, a Buddhist temple in Bangkok, when she started moving inside her coffin The temple’s general and financial affairs manager, Pairat Soodthoop, told The Associated Press on Monday, 24 November, that the woman’s brother had driven her approximately 500km from Phitsanulok province to be cremated at the temple.The brother explained that his sister, who had been bedridden for two years, appeared to have stopped breathing two days prior. He then placed her in a coffin to be brought to…
SINGAPORE: The Thai city of Hat Yai, popular with tourists, has been declared a disaster zone along with all other districts in southern Songkhla province, as heavy rain continues to cause severe flooding.Rising waters have cut off major roads, isolating hotels and trapping tourists.Electricity has been cut in several neighbourhoods for safety reasons, while internet services and water systems have been disrupted, reported the Bangkok Post.According to The Nation news outlet on Sunday (Nov 23), Thailand’s Ministry of Tourism and Sports is leading a relief operation for tourists, to deliver essential supplies to hotels and organise evacuations using heavy trucks…
A woman has shocked temple staff in Thailand who found her moving in her coffin, ahead of planned cremation. Residents and businesses in Darwin are facing a huge clean up today after Tropical Cyclone …