Thailand

NEWS ANALYSIS

Thailand’s election is awash with giveaways, but real economic reform remains the hard sell

No political party is expected to win a majority, which means a coalition government is inevitable

A train derailed when a construction crane collapsed and fell onto its carriages, causing several casualties in Sikhio district, Nakhon Ratchasima province, Thailand, Jan 14, 2026.

Fatal accidents shake Thailand’s faith in once-dominant builder

Italian-Thai Development’s financial problems were getting progressively worse prior to the accidents

Exports, a key driver of the economy, also rose 18.1 per cent from a year earlier, while imports grew 18 per cent on an annual basis, leading to a trade surplus of US$2.7 billion for the month.

Thai economy grew in last quarter of 2025 on exports and domestic demand

Thailand recorded a current account surplus of US$3.1 billion in December

A poll of 2,500 voters nationwide also showed People’s Party leader Natthaphong Ruengpanyawut as the most preferred prime minister candidate.

Thailand’s opposition party widens lead ahead of tight election race

Support for the opposition party rose to 34.2% while Prime Minister Anutin Charnvirakul’s conservative Bhumjaithai Party trailed with 22.6%

Commerce Minister Suphajee Suthumpun plans to remove 10 business categories from the restricted list that would allow foreign firms to operate.

Thailand to open more sectors to foreign firms

It will also cut approval times for foreign business permits to one month from 60 days

Banks would be required to carry out enhanced due diligence and report withdrawals above a threshold likely to be set at 3 million to 5 million baht

Thailand tightens scrutiny after cash withdrawals of over US$6 million each

The move comes as the Election Commission examines allegations of vote-buying

Thailand is South-east Asia’s biggest car production centre, and an export base for some of the world’s top carmakers, including Toyota and Honda.

Thailand car production rises 8.6% on year in December

Output seen going up 3% to 1.5 million units in 2026

Thailand is estimated to have expanded 2.2 per cent in 2025, the ministry said.

Thai finance ministry maintains 2026 growth forecast at 2%

[BANGKOK] Thailand’s economy is expected to grow 2 per cent this year, the finance ministry said on Tuesday, maintaining a previous forecast.