April 10, 2025

Trump Suspends Tariff Increases, Boosting Global Markets

Bangkok: US President Donald Trump has reversed his decision to delay the increase in retaliatory tariffs, opting instead for a 90-day suspension of reciprocal tariffs for all countries except China. This move has led to significant gains in global markets, with stocks, gold, and oil experiencing substantial increases, and the Thai baht strengthening against the dollar. According to Thai News

150th Anniversary of the Ministry of Finance Celebrated with Ceremonies and Distinguished Guests

Bangkok: Mr. Pichai Chunhavajira, Deputy Prime Minister and Minister of Finance, led the ceremony marking the 150th anniversary of the Ministry of Finance, attended by numerous esteemed guests, including executives from MCOT Public Company Limited who extended their congratulations. According to Thai News Agency, the event was held at the Ministry of Finance with Pichai presiding over the water pouring

Thai Stocks Close Early, Up Nearly 50 Points

Bangkok: SET closed this morning at 1,136.58 points, up 48.40 points (+4.45%), with a trading value of approximately 27,818 million baht. According to Thai News Agency, today’s stock trading saw the index rise significantly, with the index making a low of 1,122.95 points and a high of 1,138.34 points.

ASEAN Economic Ministers to Issue Joint Statement on US Tariffs

Bangkok: ASEAN economic ministers are preparing to issue a joint statement on the US tax issue, stating that they will move forward with economic cooperation and set up a special working group, the ASEAN Geoeconomics Task Force, to closely monitor US policies and draw new economic opportunities into ASEAN to cope with tax measures. According to Thai News Agency, Mr.

Nescafe Production Halt Opens Doors for Competitors in Thailand

Bangkok: Analysts are forecasting a shift in Thailand’s substantial coffee market, valued at 60 billion baht annually, due to production issues faced by Nescafe. The Department of Internal Trade has assured that despite these challenges, there will be no product shortages. Both consumers and coffee shops have started sourcing coffee from a variety of brands that meet quality and standard

SCB EIC Forecasts 2025 Thai GDP Below 2% Amid US Tariff Challenges

Bangkok: SCB EIC estimates that the Thai economy is facing significant pressure due to the 36% import tax imposed by the United States on Thailand, which has already led to a reduction in Thai exports to the US by 810 billion baht over the past five years. The focus now shifts to Thailand’s negotiations with the US after former President

Ministry of Industry Targets Xin Ke Yuan Steel for Legal Action Amid Compliance Concerns

Bangkok: The Ministry of Industry has identified ‘Xin Ke Yuan’ as a special case, planning to collaborate with the Department of Special Investigation (DSI) to collect additional steel samples, while closely monitoring a Board of Investment (BOI) meeting that may consider revoking the company’s BOI rights. According to Thai News Agency, Mr. Pongpol Yodmuangcharoen, Secretary to the Minister of Industry

EXAT Announces Free Access on 5 Expressways for Songkran 2025

Bangkok: The Expressway Authority of Thailand (EXAT) is set to waive toll fees on five major expressways in honor of Songkran 2025, aiming to ease travel and lessen financial burdens for the public during the festival. According to Thai News Agency, Mr. Surachet Laopoolsuk, Governor of EXAT, announced that the toll exemption aligns with the Ministry of Transport’s policy to