Thailand Plans to Restructure Taxes in Exchange for Halting U.S. Retaliatory Tariffs
This year, trade relations between Thailand and the U.S. are facing new challenges as the U.S. government under President Donald Trump prepares to implement “reciprocal tariff” starting on April 2, 2025. This measure will allow the U.S. to raise tariffs on imports from trading partners to match the tariffs those countries charge on U.S. goods.
Transportation Ministry Prepares for Songkran! Increase in Flights and 30% Discount on Ticket Prices
This year’s Songkran is expected to see a bustling movement of Thai people traveling! The Ministry of Transport estimates that there will be 16.32 million people traveling nationwide, especially those driving their own cars, with a total of over 16 million vehicles on highways and motorways. In addition, public transportation, including buses, trains, ferries, and flights, will serve about 15.84 million passengers.
The Bank of Thailand (BOT) cuts the policy interest rate to 2.00%, the first time in two years!
On February 26, 2025, the Bank of Thailand announced a 0.25% reduction in the policy interest rate from 2.25% to 2% per annum, marking the lowest level in two years. The Monetary Policy Committee (MPC) made the decision with a 6-1 vote to lower the rate in response to economic conditions and inflation trends.
