Archive
September 24, 2026
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Bangchak pump prices for 24 Sep 2026: diesel B20 36.44 baht/litre (up 0.75 baht from yesterday), B7 41.44, Gasohol 95 39.94, Gasohol 91 39.57. Prices exclude the Bangkok local land tax and take effect at 05:00 tomorrow. Fleet and delivery operators should check their fuel budget and the pump price at their own station before the next morning's refuel.
September 23, 2026
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US Treasury Secretary Scott Bessent said Washington and Beijing agreed to extend their trade agreement by two months, moving the deadline from November to 10 January 2027, as Xi Jinping arrived for a US visit on 23-25 September 2026. The agenda includes AI and tariffs. For a Thai SME, this means the US-China tariff uncertainty that affects export demand, input prices and supply chains is postponed rather than resolved. Keep current supplier and pricing plans, and treat the January 2027 date as the next point to review.
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REIC reports second-hand condo transfers up 39.4% year-on-year in Q2 2026, with transfer value up 41%. Growth is concentrated in 1.51-5 million baht units. Listings under 1 million baht fell 9.9% in units, while listings above 10 million baht rose 32.4%. Households remain constrained by high debt, and REIC expects developers to compete on affordability and product differentiation. For property agents, renovators, furniture and fit-out suppliers, the mid-priced resale segment is where demand is. Sellers of very cheap units may find less stock to work with.
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Khao San Road Business Association says forward bookings are slower than expected, with occupancy at 50% in Q3 as European long-haul travellers hesitate over Gulf-carrier transit flights and high fuel costs make direct flights expensive. Price-sensitive hostels and mid-range guesthouses are most exposed, so review cash flow and discounting before the high season. Separately, a cabinet-endorsed cannabis bill limiting use to medical purposes would require shops to employ medical staff at an added 30,000-50,000 baht a month; the association expects about half of the roughly 100 dispensaries around Khao San to close. Any shop or supplier in that chain should check its licence and staffing position now.
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Since Aug 1, the Commerce Ministry has widened checks beyond initial registration to cover later changes in shareholders, directors and authorised signatories. Applicants in certain high-risk cases must now give investment details and financial evidence of the source of funds. Being flagged as high-risk does not by itself mean a company is a nominee, and foreign shareholding within legal limits does not automatically trigger action. 23 agencies are sharing information under an MoU signed April 29. If your company has foreign or nominee-type shareholders, or plans share transfers or director changes, keep source-of-funds documents and ownership records ready.
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Egat says Thailand has no supply shortage but power prices remain exposed to costly spot LNG, as gas output falls and nearly 60% of power comes from gas. It proposed a US$1 billion grid upgrade for data-centre and industrial load, and is considering rules requiring data centres to warn the grid before ramping up. For a small business, this points to continued pressure on electricity costs rather than an immediate change; no tariff change is announced in the article.
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Customs collected 112,528 million baht in FY2026 to 21 Sep, about 4,000 million short of the 116,300 million target. Since 1 Jan 2026 there is no de minimis threshold, so all imported parcels pay duty and VAT: 4,658 million baht duty and 3,356 million baht VAT, on 233 million items. Customs says this is not enough to protect local SMEs and is meeting platform operators to discuss ways to support Thai sellers. If you compete with cheap cross-border online imports, expect the enforcement to continue and watch for platform-side measures. The target for FY2027 stays at 116,300 million baht.
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ETDA has issued a DPS guideline requiring e-marketplaces to disclose a Total Take Rate (TTR): all fees, including payment, infrastructure, campaign, coupon, ad and affiliate costs, as a percentage and in baht. Platforms should show the baseline and the extra cost of joining a campaign before you confirm. Example: a 1,000-baht item with a 100-baht seller-borne discount and 12.96% base fees gives 116.63 baht baseline; a 108-baht campaign cost raises TTR to 24.96%. Platforms must give 30 days' notice of fee changes. Before joining a promotion, compare your net receipt with and without it, and ask for the TTR calculator.
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The Asian Development Bank raised its 2026 Thai GDP forecast to 2.0% (from 1.8%) on tech exports and private investment, but cut 2027 to 1.9% (from 2.0%) as the tech cycle normalises and new US tariffs apply for a full year. Inflation is forecast at 2.5% in 2026 and 1.3% in 2027, helped by government electricity and fuel subsidies and price controls, though ADB warns it could run higher if geopolitical tensions, cost pass-through or El Niño push up food prices. For a small business, plan for slower export-linked demand next year, keep energy and transport cost buffers in place, and do not assume subsidies will last.
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Customs reports FY2569 (1 Oct 2025 to 21 Sep 2026) revenue of 631,411 million baht, up 9.9%, with customs-only revenue at 112,528 million baht, still short of its 116,300 million target. Since 1 Jan 2026, the tax on low-value imports (1 baht and up) has raised about 8,014 million baht, with duty and VAT. The agency expects to miss target and sees the FY2570 target unchanged. For a Thai SME importing or selling low-value goods online, expect continued enforcement and check that landed costs include this duty and VAT.
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AirAsia (Thai AirAsia and Thai AirAsia X) is restoring international routes it had cut during the high oil-price period, with a network of 53 routes to 46 cities from Don Mueang for the 2026 winter schedule. Japan flights (Tokyo, Osaka, Sapporo, Nagoya) start 1-2 October, and India, Kuala Lumpur and Almaty routes return from 25 October to 17 November. For SMEs in tourism, travel services, or inbound-tourism supply, this signals more seat capacity from Don Mueang into Q4 and early 2027 high season, especially to Japan and India. Oil-driven route cuts show airlines trim capacity when fuel rises, so watch fare and capacity moves.
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AirAsia is restoring international routes it had cut during the high oil-price period, with new Don Mueang flights to Kuala Lumpur, several Indian cities, Japan (Tokyo, Osaka, Sapporo, Nagoya) and Almaty, starting 1 Oct to mid-Nov 2026. Its winter 2026 schedule covers 53 direct routes to 46 cities. For a tourism, transport or travel-related SME, this signals more air links and capacity for Q4 and the winter season, especially to India and Japan. Start planning inbound and outbound demand around these dates. The article gives no fare or pricing details.
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The Meteorological Department has warned of heavy to very heavy rain from 23-27 September 2026 across the central region, Bangkok and vicinity, Ayutthaya and Samut Prakan. IEAT has ordered all industrial estates in risk zones to raise flood alerts. Bang Pu is running pumps at 100,000 m3/hour and has finished a 5.65 km flood wall; Nakhon Luang, Bang Pa-In and Ban Wa estates have dikes at 8.20, 6.00 and 5.40 m MSL. Estates in Prachinburi and Chachoengsao say their sites sit higher and expect no impact. If your business sits inside or near an industrial estate, or depends on one for supply, check with your estate now. Move stock and equipment off low floors and confirm your access and transport routes.
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Bangkok is clearing tangled overhead power and telecom cables in central areas, including Wireless Road, Rama IV, parts of Sathon and Lumpini Park, ahead of the IMF-World Bank meetings from Oct 12 to 18. City Hall plans underground moves over time, and removal of unused cables now. For a business that installs or contracts cables on power poles, the new rule is that agencies and providers must follow proper procedures and get permits or face legal action. Expect some road works and cable-related disruption in these areas during the meetings.
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Listed hotel owner GRAND has proposed selling The Westin Grande Sukhumvit assets to RABBIT (BTS group) for up to THB 494.6m, to pay debts and fund working capital. GRAND has reported losses for three straight years, missed land rent payments, and faces a landlord termination effective 29 June 2026 that could halt hotel and Robinson tenant operations. The sale still needs a shareholder vote and land disputes must be cleared. For SMEs: this is a warning about landlord and lease risk, especially for tenants on leased land. Not a direct action item unless you lease from or supply to these parties.
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The Meteorological Department forecasts isolated heavy to very heavy rain until Sunday, with the highest risk on Wednesday in Rayong, Chon Buri, Sa Kaeo, Chanthaburi, Trat and Bangkok and vicinity. Flash floods, overflows and landslides are possible, and some roads are already flooded. If your deliveries, suppliers or customers are in these areas, allow extra travel time, protect stock and equipment stored at low levels, and check official Meteorological Department updates rather than viral social media forecasts. The department has warned that a "great flood" post circulating online was not an official warning.
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The Asian Development Bank raised its 2026 Thailand GDP forecast to 2.0% from 1.8%, driven by stronger-than-expected exports, especially tech-related goods, and private investment. For 2027 it cut the forecast to 1.9% because global tech demand is expected to slow, which could weigh on Thai exports in that sector. Inflation is seen falling to 2.5% in 2026 and 1.3% in 2027 as energy prices ease. Risks flagged: geopolitical and trade tensions, limited fiscal room, and El Niño, which ADB says will hit Thailand mainly from mid-2027. For planning: keep 2027 demand assumptions conservative and watch energy and food costs, which the bank says could rise if drought persists.
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The Thai Chamber of Commerce is pushing the government to close three trade deals: the ART trade agreement with the US, the Thai-EU FTA (round 10 of talks in Phuket), and the Thai-UAE CEPA (reported over 80% progress). It projects more than 2% GDP gain within 3 years after entry into force, but only if measures to support affected businesses are in place. The study cites about 1.28% GDP and roughly 2.8% export growth for the EU FTA. None of these deals is in force yet. For a small exporter, this means no tariff change to plan for now; watch for final US tariff rates, rules of origin, and the list of sensitive goods (agri, processed food, seafood, premium pet food) that may be protected.
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Researchers say a "super" El Niño could cause about 451,000 excess deaths. Only the headline was available, so the business impact is unclear; watch for later drought, heat and crop-price effects on Thai costs.
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Brent fell below $100 and WTI below $90 after five straight sessions of declines, driven by reported US-Iran talks and Saudi Arabia's first steps to restart the 7 million barrel-per-day East-West pipeline, which could reach significant flows by Saturday. Prices are still more than 60% above end-last-year levels, and the article warns a deal is far from certain, with past ceasefires having failed. For a Thai SME, fuel and transport costs are still high; do not assume a sustained drop yet. Avoid locking in fuel-dependent pricing or long-term contracts on the back of one week's decline, and keep watching diesel and freight quotes over the coming weeks.