A sharper-than-expected Thailand GDP drop in Q3 underscored mounting economic headwinds as weaker factory output and a softer tourism recovery dragged growth to 1.2% year-on-year, below the 1.6% forecast and down from 2.8% in the previous quarter. On a quarterly basis, GDP contracted 0.6%—the first decline since late 2022 and the steepest since mid-2021—as exports, manufacturing, construction, government spending, and tourism all lost momentum amid US tariffs and a tougher gl

Thailand will set up a new data bureau to trace suspicious fund flows tied to online gambling, scam accounts, and other grey-money channels, Finance Minister Ekniti Nitithanprapas said. The system, due by December, will integrate data across ministries, banks, and regulators under a “Connect the Dots” task force with the Bank of Thailand. Prime Minister Anutin Charnvirakul backed the move amid questions over the baht’s firmness despite weak growth. Authorities said illicit fu

Thailand Deputy Finance Minister resignation has rocked the government after Vorapak Tanyawong announced he would quit amid accusations connecting him and his wife to Southeast Asian scam networks. The former Krung Thai Bank executive denied the allegations, calling them politically motivated, and said he will file a defamation case. His decision came a day after Prime Minister Anutin Charnvirakul demanded a written response. Vorapak, recently tapped by Finance Minister Eknit