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- HSBC Highlights Thailand’s Long-Term Growth Prospects
HSBC Thailand is dedicated to bolstering the Thai economy despite increased global uncertainties, showcasing its belief in the country’s long-term growth potential. According to Giorgio Gamba, CEO and Head of Banking at HSBC Thailand, Thailand is set to benefit from a strong infrastructure ecosystem that will maintain its economic momentum...
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HSBC Thailand is dedicated to bolstering the Thai economy despite increased global uncertainties, showcasing its belief in the country’s long-term growth potential.
According to Giorgio Gamba, CEO and Head of Banking at HSBC Thailand, Thailand is set to benefit from a strong infrastructure ecosystem that will maintain its economic momentum this year, as revealed in an exclusive interview with the Bangkok Post.
COLLABORATION WITH GOVERNMENT
Mr. Gamba emphasized the success of a recent roadshow in China, where there has been significant foreign investor interest in various sectors within Thailand. These investors include current HSBC clients seeking to expand their investments as well as potential new clients not yet banking with HSBC.
HSBC Thailand participated in a five-day roadshow across six cities in China over the last two weeks. This initiative is part of the bank’s collaboration with the Board of Investment (BoI), following the signing of a memorandum of understanding (MoU) in 2024 aimed at promoting Thailand as the investment hub of Southeast Asia.
In February, HSBC Thailand also signed another MoU with the Eastern Economic Corridor Office to enhance global investment in the EEC project.
Through these strategic partnerships with government entities, Mr. Gamba stated that HSBC Thailand is actively fostering economic growth. The bank plans to engage in further roadshows with government organizations throughout the year to attract foreign direct investment (FDI).
“I believe that roadshows are an effective way for us to engage with our clients and help them recognize the extensive business opportunities available in Thailand,” he remarked.
PRIME LOCATION FOR INVESTMENT
Despite forecasts of slower economic growth in Thailand this year, Mr. Gamba noted that the growth rate is not the predominant factor driving FDI. International investors typically prioritize long-term opportunities and the country’s strong manufacturing capabilities.
Moreover, the high growth potential in Southeast Asia and robust regional connectivity are instrumental in drawing FDI to the region, particularly to Thailand, offering international investors significant prospects for establishing manufacturing bases and boosting exports.
Mr. Gamba highlighted Thailand’s appeal as an investment destination, revealing that in 2024, new international clients represented 84% of the bank’s total new client base, emphasizing Thailand’s crucial role in the region.
Last year, HSBC Thailand facilitated international investments from 38 different countries, with notable contributions from China, intra-Asean markets, Europe, the Middle East, and the United States, in line with Thailand’s historically high levels of FDI.
In 2024, investment applications in Thailand totaled 727 billion baht, marking the highest level in two decades.
“We anticipate continued growth in BoI applications in Thailand this year. We believe that Thailand is the ideal location and now is the opportune time to invest,” asserted Mr. Gamba.
With its industry expertise, financial resources, and extensive global network, HSBC Thailand is well-equipped to assist international investors looking to invest in the country.
The bank focuses on various sectors, such as electric vehicles, data centers, advanced manufacturing, electronics, renewable energy, and other areas related to digital innovation and environmental, social, and governance initiatives, according to Mr. Gamba.
SUPPORTING GLOBAL EXPANSION
In addition to attracting inbound investment, HSBC Thailand also assists Thai businesses in their international expansion efforts. This year, the bank will continue to help Thai clients invest in key strategic markets where HSBC has a strong presence, including China, Southeast Asia—one of China’s key economic corridor partners— the Middle East, Europe, and beyond.
This strategy will provide greater opportunities for Thai businesses to expand globally while contributing to the economic growth of Thailand.
“We are committed to growing our business, broadening our client base, investing in Thailand, and facilitating our clients’ connections to regional and global investment opportunities,” stated Mr. Gamba.
Additionally, HSBC is focused on expanding its Global Private Banking services in Thailand to assist clients in managing, growing, and preserving their wealth for future generations.
HSBC Thailand, the first international bank in the Thai market and recognized as “Thailand’s Best International Bank” by Euromoney and FinanceAsia for four consecutive years, has been operating in the country for 136 years. The parent company, HSBC, ranks among the world’s largest banking and financial services organizations, with a significant presence in 58 countries and territories.
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28 March 28 2025Bangkok Newshttps://bangkokone.news/?p=205740 - Two Thai Men Charged with Assault Leading to Death of British Man in Bangkok
Two Thai Men Charged with Assault Leading to Death of British Man in Bangkok Bangkok — Two Thai nightclub security guards have been charged following the death of a 28-year-old British man, identified as Nicholas, in Bangkok. The incident, which occurred around 2:05 AM on March 24, is under investigation...
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Two Thai Men Charged with Assault Leading to Death of British Man in Bangkok
Bangkok — Two Thai nightclub security guards have been charged following the death of a 28-year-old British man, identified as Nicholas, in Bangkok. The incident, which occurred around 2:05 AM on March 24, is under investigation by Police Lieutenant General Siam Boonsom, Commander of the Metropolitan Police Bureau, and other senior officials.
The Incident
Witnesses and security footage reveal that Nicholas, the British man, was running along Phibunsongkhram Bridge toward the 91 Karaoke establishment. He attempted to enter the venue but was stopped by a 29-year-old bouncer, Boonchu, who engaged in a brief confrontation with him. Nicholas became angry and began shouting, retreating toward Bang Pho intersection.
Shortly after, Phurinat, a second bouncer, emerged and, along with Boonchu, chased Nicholas on a Yamaha Nuovo motorcycle. When they caught up with him, Phurinat asked, “Is there anything I can help you with?”
Nicholas, reportedly agitated, jumped onto the motorcycle, leading to an altercation. Boonchu tried to communicate using a translation app, but Nicholas allegedly attempted to grab the device, escalating the situation. He then attempted to steal the motorcycle, which caused a struggle and the motorcycle to fall over. Boonchu and Phurinat restrained Nicholas, with Phurinat straddling his waist and Boonchu pinning his head to the ground.
Nicholas became unresponsive during the restraint and was later pronounced dead.
Investigation and Charges
Both suspects maintain they had no malicious intent and claimed the altercation resulted from a language barrier. However, security footage confirmed that a chokehold was used during the restraint.
The two men have been charged with jointly assaulting another person resulting in death. Police are awaiting the official autopsy results from Phramongkutklao Hospital to determine whether asphyxiation from the restraint was the cause of death. These results are expected within seven days.
Police Colonel Apichai Huanjit, Superintendent of Bang Pho Police Station, confirmed that immigration authorities have been notified and are coordinating with the British Embassy to contact the deceased’s relatives.
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27 March 27 2025Bangkok Newshttps://bangkokone.news/?p=205737 - 57 Laotians and Vietnamese Arrested in Bangkok Karaoke Bar Raids
57 Laotians and Vietnamese Arrested in Bangkok Karaoke Bar Raids Bangkok — A joint operation led by Immigration authorities on March 25 resulted in the arrest of 57 foreign nationals working illegally in karaoke bars across Bangkok. The coordinated raids targeted 10 karaoke establishments, leading to the apprehension of 53...
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57 Laotians and Vietnamese Arrested in Bangkok Karaoke Bar Raids
Bangkok — A joint operation led by Immigration authorities on March 25 resulted in the arrest of 57 foreign nationals working illegally in karaoke bars across Bangkok. The coordinated raids targeted 10 karaoke establishments, leading to the apprehension of 53 Laotians, 4 Vietnamese, and a Thai employer.
Raid Details
The operation, which involved more than 40 immigration officers, focused on areas known for budget-friendly karaoke bars, including:
- Klongtoei
- Romklao
- Thonburi
Immigration Bureau 1 Commander Police Major General Prasart Khemaprasit led the crackdown, with the raids conducted late on Tuesday night. Among the venues raided was Home Karaoke, a women-only lounge where male waiters entertained female customers. Many of the establishments were described as small, dimly lit, and some had private VIP rooms.
Charges and Violations
The suspects were arrested for various offenses, including:
- Working without permits
- Visa overstays
- Illegal entry
Out of the 57 individuals:
- 51 had entered Thailand legally with 60-day visa exemptions but failed to secure work permits.
- Two Laotians had overstayed their visas.
- Five individuals had no passport documentation at all.
The Thai employer was charged with hiring foreign workers without work permits, and the Immigration Bureau has filed appropriate charges against all suspects involved.
This operation is part of a broader effort by Immigration Bureau Commissioner Police Lieutenant General Phanumas Boonyalak to target illegal foreign workers and visa overstayers throughout Thailand.
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27 March 27 2025Bangkok Newshttps://bangkokone.news/?p=205734 - Bangkok Food Delivery Rider Accuses Customer of Locking Him Up
Bangkok Food Delivery Rider Accuses Customer of Locking Him Up A Thai food delivery rider has accused a customer in Bangkok of locking him inside her property for nearly 30 minutes—a situation that many other riders claim to have also experienced at the same address. Locked In and Ignored The...
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Bangkok Food Delivery Rider Accuses Customer of Locking Him Up
A Thai food delivery rider has accused a customer in Bangkok of locking him inside her property for nearly 30 minutes—a situation that many other riders claim to have also experienced at the same address.
Locked In and Ignored
The incident occurred on March 24 and was shared via TikTok by user @ice_23648. The rider described how:
He arrived at the customer’s home, enclosed by a white fence, and called her to open it. After entering, he found himself trapped behind another locked brown fence. He delivered the food as requested but was unable to leave as both fences had been locked again. Multiple attempts to contact the customer went unanswered. He was forced to cancel his next order and eventually called the police for assistance. He managed to escape only when a car entered the property, allowing him to exit.The rider later visited the police station to file a complaint, but officers said there was nothing they could do about the matter.
Other Riders Report Similar Incidents
Following his viral video, many other food delivery riders shared their own frustrating experiences at the same house, located in Soi Ram Indra 83, Kannayao District.
One rider was trapped from 11 PM to 1 AM and had to call the police for help. Another was locked in for an hour during heavy rain. Some riders shouted for assistance but were either ignored or unheard.Customer’s Motive Remains a Mystery
While the customer’s reason for locking riders inside is unclear, some speculate that she may have a mental condition or find amusement in trapping delivery workers.
Despite multiple complaints, no action has been taken by the delivery platform to blacklist the location.
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27 March 27 2025Bangkok Newshttps://bangkokone.news/?p=205731 - Thai Police Arrest 72 in Crackdown on Illicit Business Operations
Thai Police Arrest 72 in Crackdown on Illicit Business Operations Bang Phli, Samut Prakan – A total of 72 individuals—including 51 Thais and 21 Chinese nationals—were arrested during a raid on an accounting firm accused of illegally registering businesses using Thai nominees for foreign clients. Massive Fraud Operation Uncovered Authorities...
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Thai Police Arrest 72 in Crackdown on Illicit Business Operations
Bang Phli, Samut Prakan – A total of 72 individuals—including 51 Thais and 21 Chinese nationals—were arrested during a raid on an accounting firm accused of illegally registering businesses using Thai nominees for foreign clients.
Massive Fraud Operation Uncovered
Authorities seized evidence worth over 150 million baht, including:
Five land title deeds 332 company stamps Documents linked to business operations and visa applicationsThe firm is now under investigation for helping 15 companies violate the Foreign Business Act by enabling foreigners to own and operate businesses under Thai names—a practice strictly regulated under Thai law.
Link to Interpol-Wanted Suspect
The raid was triggered by the earlier arrest of a Chinese suspect, Lee, wanted by Interpol for extorting Chinese nationals, causing damages of 14 billion baht. Lee and his gang issued fake ID cards and visas through a front company, leading police to the Bang Phli accounting firm.
Investigators discovered that the firm was owned by a Chinese woman, Yian Zhao (alias Venus), who operated remotely from China. She reportedly coordinated with Chinese clients via WeChat, using Thai employees as business fronts.
Government Crackdown on Illegal Foreign Businesses
Pol Maj Gen Thatphum Charuprat, head of the Economic Crime Suppression Division (ECSD), stated that these fraudulent business setups severely harm Thailand’s economy.
With enough evidence collected, police obtained court approval to raid two locations, leading to the arrests of all 72 suspects.
Authorities are now preparing to take legal action against the involved companies and dismantle the network that facilitated foreign-controlled businesses in violation of Thai law.
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27 March 27 2025Bangkok Newshttps://bangkokone.news/?p=205728 - Singaporean Man Wanted in Death of Thai Girlfriend in Bangkok
Singaporean Man Wanted in Death of Thai Girlfriend in Bangkok Police are searching for a 32-year-old Singaporean man, identified as Daniel, after his Thai girlfriend, Praopilat Paladon, 30, was found dead in a Bangkok condominium. Authorities suspect he may have fled to Chiang Rai or crossed into Myanmar. The investigation...
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Singaporean Man Wanted in Death of Thai Girlfriend in Bangkok
Police are searching for a 32-year-old Singaporean man, identified as Daniel, after his Thai girlfriend, Praopilat Paladon, 30, was found dead in a Bangkok condominium. Authorities suspect he may have fled to Chiang Rai or crossed into Myanmar.
The investigation began when two of Praopilat’s friends reported her missing at Thong Lor Police Station on Wednesday after losing contact with her since Monday evening. Concerned, they visited her 22nd-floor unit at the Marque condominium on Sukhumvit Soi 39 and found the door unlocked with the air conditioning still on.
Inside, they discovered Praopilat’s lifeless body in the bathroom, partially wrapped in a blanket and blood-stained bedsheet. Her head was covered with a blood-soaked bathrobe.
History of Abuse and a Troubled Relationship
Friends informed police that Praopilat and Daniel had been living together for two months in a luxury unit renting for 170,000 baht per month. She had often complained about domestic violence.
Immigration records revealed that Daniel had visited Thailand 31 times, typically staying for 10-15 days per trip. However, his latest visit had lasted over a year, despite his visa expiring on May 28, 2023.
CCTV Footage and Timeline of Events
- Sunday, 6:42 PM – The couple was last seen together in the condominium’s elevator, leaving the building.
- Sunday, 9:17 PM – Daniel returned to the condo with Praopilat. She was not seen leaving the room afterward.
- Monday, 12:12 AM – CCTV captured Daniel returning to the building alone.
- Monday, 10:29 AM – A call was made from Praopilat’s phone to her mother, but it was not answered. When her mother called back at 10:35 AM, no one picked up.
- Tuesday, 3:15 PM – Daniel was seen leaving the condo with luggage and got into a black Mercedes-Benz ordered via a ride-hailing app.
- Tuesday Evening – He was tracked to a restaurant on Sukhumvit Soi 41, then a hotel on Phetchaburi Road, before leaving in an Isuzu pickup bound for Mae Sai, Chiang Rai—a border town near Myanmar.
Ongoing Investigation and Mother’s Testimony
Praopilat’s mother, Ms. Pla, stated she had previously seen the couple argue but never suspected extreme violence. However, her daughter had sent photos of bruises, blaming Daniel for the injuries. Praopilat even warned her mother that if she ever went missing, Daniel would be responsible.
Thai police have alerted Chiang Rai authorities and Myanmar officials in Tachilek to assist in tracking the suspect. The case is now under intense investigation as authorities attempt to locate and apprehend Daniel.
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27 March 27 2025Bangkok Newshttps://bangkokone.news/?p=205725 - AIS and True Target 3500MHz Band in Upcoming Auction
The 3500-megahertz band is anticipated to attract two major telecom operators during the upcoming auction due to its potential to facilitate 6G services. According to Pisut Ngamvijitvong, a senior equity research analyst at Kasikorn Securities (KS), Advanced Info Service (AIS) currently holds 50MHz of bandwidth for signal upload and download,...
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The 3500-megahertz band is anticipated to attract two major telecom operators during the upcoming auction due to its potential to facilitate 6G services.
According to Pisut Ngamvijitvong, a senior equity research analyst at Kasikorn Securities (KS), Advanced Info Service (AIS) currently holds 50MHz of bandwidth for signal upload and download, which is less than that of its competitor, True Corporation. The telecom frequency bands are classified as low bands (below 1000MHz), mid-bands (1000MHz to 6000MHz), and high bands (above 6000MHz).
Mr. Pisut noted that the 3500MHz band is the most sought-after band for delivering 5G services in the global market. Both the 3500MHz and 5000MHz bands could potentially be included in the 6G standard by the World Radiocommunication Conference, with the 3500MHz band being capable of covering a wider area.
The official announcement regarding the 6G frequency standard is expected before 2027. If the auction for the 3500MHz band proceeds, it is likely to attract bids from both AIS and True, as it could provide them with a competitive advantage in the transition to 6G technologies.
Significantly, a portion of the 3500MHz band is currently utilized by various digital TV broadcasters transmitting their content via C-band satellite dishes, which are used by 60% of Thais for digital TV viewing. All digital TV broadcasting licenses are set to expire in 2029.
The bidding conditions for the 3500MHz band are expected to include a strategy for migrating TV viewers from C-band to KU-band satellite dishes, allowing the winning bidders to utilize the band effectively. An anonymous source from the telecom industry suggested that if AIS secures part of the 3500MHz band, it may focus its services primarily in Bangkok to avoid complications during the migration of viewers to KU-band dishes, which are predominantly used in rural areas.
As for targeted bands, on March 18, the NBTC board authorized management to conduct another public hearing regarding the planned auction of six mobile spectrum bands to ensure fair competition. These bands include 850MHz, 1500MHz, 1800MHz, 2100MHz, 2300MHz, and 26GHz, along with the 3500MHz band, which the NBTC is now planning to auction sooner than initially scheduled for 2027.
The date for this public hearing is set for April 1, covering all seven bands. NBTC commissioner Somphop Purivigraipong indicated that the hearing will likely postpone the auction of the six bands from the previously scheduled dates of May 17-18.
Industry experts believe AIS and True Corporation will compete for the 2100MHz and 2300MHz bands, despite their concerns about the high reserve prices. Mr. Pisut predicts that AIS will likely bid for the 2100MHz band, while True Corp. will target the 2300MHz band, as both operators currently operate under partnership agreements with state enterprise National Telecom, which expire in August 2025.
The 1800MHz band may also be a target, particularly for AIS, as it is classified as a mid-band. Mr. Pisut pointed out that AIS might consider all mid-bands, such as 1800MHz, 2100MHz, and even 2300MHz. The NBTC has set the reserve price for the 1800MHz band at four times higher than that of the 2300MHz band.
If AIS were to acquire the 2300MHz band, the company would need to invest in new network equipment, as it has not previously offered services on that frequency. NBTC commissioner AM Thanapant Raicharoen reported that at the board meeting on March 18, management proposed including the auction of the 3500MHz band in the upcoming public hearing alongside the other six spectrums, suggesting a 100MHz bandwidth or the range of 3300-3400MHz be auctioned as part of this process.
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27 March 27 2025Bangkok Newshttps://bangkokone.news/?p=205721 - Construction of M8 Motorway’s First Phase Scheduled to Start in 2027
The initial phase of the Motorway 8 (M8) project, which will connect Nakhon Pathom to Ratchaburi, is set to commence in 2027, as announced by Deputy Prime Minister and Transport Minister Suriya Jungrungreangkit. This month, the Department of Highways (DoH) plans to submit a proposal for the first phase of...
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The initial phase of the Motorway 8 (M8) project, which will connect Nakhon Pathom to Ratchaburi, is set to commence in 2027, as announced by Deputy Prime Minister and Transport Minister Suriya Jungrungreangkit.
This month, the Department of Highways (DoH) plans to submit a proposal for the first phase of the M8 project, which has a budget of 61 billion baht and spans 61 kilometers from Nakhon Pathom to Pak Tho district in Ratchaburi.
Upon cabinet approval, the project will move into the bidding and land acquisition stages, with construction expected to start in 2027 and the motorway anticipated to open in 2031.
As for the second phase, which covers a 48-kilometer stretch from Pak Tho to Cha-Am district in Phetchaburi, the DoH intends to conduct a new route study aimed at reducing the impact of land expropriation in areas that previously faced local complaints about route plans. This study is expected to start this year and take one year to complete.
Mr. Suriya highlighted the urgency of this project, stating it will provide motorists with an alternative route to the South and help alleviate traffic congestion on Rama II Road. The M8 motorway will feature a four-lane design—two lanes in each direction—an 80-meter-wide road reserve, three rest areas, seven entrance and exit points, and a toll system based on distance traveled.
This initiative is one of the key projects outlined in the 20-Year Master Plan for Expressway Development (2017–2036) and forms part of the North-South Economic Corridor strategy. Once completed, the M8 will serve as an essential transport link between central and southern Thailand, improving logistics efficiency, alleviating traffic on Highway 4 (Phetkasem Road), and supporting economic and tourism growth in the western and southern regions.
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27 March 27 2025Bangkok Newshttps://bangkokone.news/?p=205718 - Lao Airlines to Operate Chinese-Made Aircraft
Government-owned Lao Airlines is preparing to start operating the Comac C909 regional jet, a spokesperson said, joining several other Southeast Asian carriers planning to add Chinese-made commercial aircraft to their fleets. A group of Lao Airlines staff was at Comac’s customer training centre in Shanghai this week for training on...
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Government-owned Lao Airlines is preparing to start operating the Comac C909 regional jet, a spokesperson said, joining several other Southeast Asian carriers planning to add Chinese-made commercial aircraft to their fleets.
A group of Lao Airlines staff was at Comac’s customer training centre in Shanghai this week for training on Comac planes, photos shared on social media by several employees showed.
A spokesperson for the Vientiane-based airline confirmed the training and said it was expecting to take delivery of one C909 around the end of March.
Other social media posts indicate that staff from the civil aviation regulator of Laos also attended training this month.
The Department of Civil Aviation did not respond to a request for comment on the training or certification of the C909 in Laos. Comac did not respond to a request for comment.
The state-owned Chinese planemaker has stepped up marketing to regulators and airlines as it seeks to compete internationally with rivals Airbus, Boeing and Embraer and ramps up production of the C909 and its larger C919 narrow-body jet.
The C909, previously branded as the ARJ21, is a regional jet that seats up to 90 people and is China’s first jet-powered plane to reach commercial production. It entered service in 2016.
The C909 is not as high-profile as Comac’s more advanced C919, but its introduction in Laos would allow the planemaker to gain a foothold in another country and boost its visibility outside China.
The Vietnamese budget carrier VietJet has agreed to lease two C909s from Chengdu Airlines of China and is waiting for the regulator in Hanoi to authorise the use of Chinese-manufactured planes in the country.
Laos already operates small Chinese-made Xian MA60 turboprop planes. A 2010 agreement between the Chinese and Lao aviation regulators shows that Laos recognises China’s aircraft design certifications — avoiding the step Vietnam’s regulator needs to take.
Indonesia is the only country outside China operating Comac planes, through the carrier TransNusa, which flies C909s.
The Brunei-based startup GallopAir in 2023 ordered 15 C909s and 15 C919s, in the first non-Chinese C919 order, but has yet to receive authorisation for the C909s from the aviation regulator.
In January, the airline chartered a China Southern Airlines C909 to Brunei as a trial.
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27 March 27 2025Bangkok Newshttps://bangkokone.news/?p=205715 - Auto Industry Advised to Prepare for Effects of U.S. Tariffs
The local automotive industry is urged to prepare for the upcoming impact of U.S. reciprocal tariff measures set to begin next month, which may add further pressure to the sector, according to Kasikorn Research Center (K-Research). The research organization indicated that U.S. President Donald Trump is committed to implementing new...
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The local automotive industry is urged to prepare for the upcoming impact of U.S. reciprocal tariff measures set to begin next month, which may add further pressure to the sector, according to Kasikorn Research Center (K-Research).
The research organization indicated that U.S. President Donald Trump is committed to implementing new reciprocal tariff rates for specific industries starting April 2. This action is anticipated to heighten global trade tensions, affecting various Thai industries, particularly the automotive sector.
Burin Adulwattana, managing director of K-Research, stated that all stakeholders in both government and private sectors should closely monitor developments and devise strategies to navigate the challenging trade landscape. The think tank predicts that ongoing trade disputes will intensify competition in the global automotive market, worsening the oversupply and driving down prices. In 2024, K-Research noted that the average car price in Thailand decreased by 5.1% year-over-year.
Furthermore, Thailand’s automotive capacity utilization has been declining since before the pandemic. It fell from 77% in 2019 to 68% in 2023 and plunged to 53% in 2024. K-Research pointed out that if capacity utilization drops below 60%, mergers among auto companies become more likely.
The research center forecasts that Thailand’s manufacturing production index will continue to experience a contraction, decreasing by 1% in 2025, following declines of 1.3% in 2024 and 3.6% in 2023. Factory closures in Thailand are expected to continue, though at a slower pace. However, the scale of closed factories has increased, with the automotive and electronics sectors being among the most affected.
Between January and February 2024, three factories in the vehicle and transport equipment sector closed, the same number as the previous year. Notably, the average registered capital of these closed factories rose significantly to approximately 99 million baht per factory, compared to just 2 million baht during the same period last year, as reported by K-Research.
The think tank warned that increased uncertainty surrounding U.S. tariff measures could negatively impact exports and GDP growth in 2025. It forecasts Thailand’s economic growth to be 2.4% and export growth at 5% for the year. K-Research further highlighted that a 10% reciprocal tariff from the U.S. could reduce Thailand’s GDP growth by 0.3 percentage points, while a 25% tariff could result in a 0.6 percentage point reduction. As such, they may need to adjust the GDP growth forecast for this year to below 2.5% to account for these impacts.
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27 March 27 2025Bangkok Newshttps://bangkokone.news/?p=205712