https://www.scmp.com/rss/522946/feed The latest news and top stories on Pichai Chunhavajira, the deputy prime minister and finance minister of Thailand since 2024. He previously held prominent positions including Chairman of Bangchak Corporation and the Stock Exchange of Thailand, and a director at the Bank of Thailand. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Reuters Reuters Thailand will launch an 18-month pilot programme to allow foreign visitors to convert cryptocurrencies into baht to make payments locally, officials have said, part of efforts to rejuvenate the country’s critical tourist sector. Conversions will be capped at 550,000 baht (US$16,950) to test the system and prevent money laundering, Finance Ministry permanent secretary Lavaron Sangsnit told reporters on Monday, adding that the limit could be reassessed after the pilot period was over. The... https://www.scmp.com/news/asia/southeast-asia/article/3322252/thailand-allow-crypto-baht-conversions-foreign-visitors-support-tourism?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3322252/thailand-allow-crypto-baht-conversions-foreign-visitors-support-tourism?utm_source=rss_feed Mon, 18 Aug 2025 11:20:07 +0000 Aidan Jones Aidan Jones For days, the piercing whistle of Cambodian rockets sent 69-year-old Kantapong Prakaew scrambling for cover in his makeshift bunker – a frail fortification against the conflict in Thailand’s Surin province. He is one of the few elderly residents who refused to flee, holding out as artillery fire ravaged the fields and wrecked the livelihoods of a long underdeveloped region. Across the borderlands, the recent flare-up of violence between Thailand and Cambodia has claimed dozens of lives and... https://www.scmp.com/week-asia/people/article/3320489/thailands-conflict-hit-economy-running-out-luck?utm_source=rss_feed https://www.scmp.com/week-asia/people/article/3320489/thailands-conflict-hit-economy-running-out-luck?utm_source=rss_feed Sat, 02 Aug 2025 04:00:22 +0000 Bloomberg Bloomberg Thailand is set to offer scrapping tariffs on 90 per cent of US goods, up from a previous plan for over 60 per cent, in a bid to avert a punishing levy threatened by President Donald Trump, according to a business group advising Thai negotiators. Bangkok’s third proposal would potentially eliminate tariffs and non-tariff barriers on about 10,000 US products, Chanintr Chalisarapong, Vice-Chairman of the Thai Chamber of Commerce, told Bloomberg News on Thursday. He added that he expects the final... https://www.scmp.com/news/asia/southeast-asia/article/3318618/avert-trump-tariffs-thailand-offers-practical-90-cut-us-goods-adviser-says?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3318618/avert-trump-tariffs-thailand-offers-practical-90-cut-us-goods-adviser-says?utm_source=rss_feed Thu, 17 Jul 2025 10:48:30 +0000 Bloomberg Bloomberg Thailand is making a last-ditch effort to avert a punitive 36 per cent export levy threatened by Washington with offers of greater market access for US farm and industrial goods, along with increased purchases of energy and Boeing jets. Bangkok’s latest proposal aimed to boost bilateral trade volume and reduce Thailand’s US$46 billion trade surplus with the United States by 70 per cent within five years, reaching balance in seven to eight years, Finance Minister Pichai Chunhavajira said in an... https://www.scmp.com/news/asia/southeast-asia/article/3317182/crisis-hit-thailand-ups-its-offer-escape-trumps-tariffs?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3317182/crisis-hit-thailand-ups-its-offer-escape-trumps-tariffs?utm_source=rss_feed Mon, 07 Jul 2025 03:12:47 +0000