
Thai finance minister 'a little surprised' by 36pct US tariff rate
Finance Minister Pichai Chunhavajira told Channel 3 television a revised trade proposal from Thailand had not yet been considered by the US, but he remains confident the rate will be reduced. He said he expects trade talks between the two countries will be finalised before Aug 1, 2025.

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The Star
3 hours ago
- The Star
Thailand's stock investor confidence turns bearish in June
BANGKOK, July 8 (Xinhua) -- Thailand's stock investor confidence worsened in June due to domestic political uncertainty, international conflicts, and fund outflows, a survey showed on Tuesday. The investor confidence index, which predicts market conditions over the next three months, stood at 58.45 last month, plunging from 110.36 in May to the "bearish" zone, according to the Federation of Thai Capital Market Organizations (FETCO). Investor morale declined among all categories, with proprietary investors down 61.9 percent, foreign investors down 55.6 percent, institutional investors down 42.1 percent, and retail investors down 14.2 percent, the FETCO said in a statement. The Thai capital market experienced high volatility in June as the local political situation fueled investor anxiety over the government's stability, along with border tensions with neighboring Cambodia and the Iran-Israel conflict, said FETCO Chairman Kobsak Pootrakool. Kobsak told a news conference that the outcome of trade negotiations between the United States and its trading partners, coupled with geopolitical issues in the Middle East affecting oil prices and potentially impacting the global economy, are external factors to monitor. Locally, a constitutional court order suspending Prime Minister Paetongtarn Shinawatra pending an ethics investigation could adversely affect the implementation of key economic policies and harm the private sector's long-term investment strategies, he said. He noted that the Thai economic slowdown expected in the latter half of the year, driven by weakened exports and a decline in inbound tourists, was also a concern.


The Star
11 hours ago
- The Star
Cambodia ready to fund transport of 20 antiquities from Thailand
BANGKOK: The Cambodian Ministry of Culture and Fine Arts has urged Thailand to respect the agreement to return 20 ancient antiquities, after Thailand's delay was attributed to budget constraints. According to a Khmer Times report on Monday (July 7), the ministry also called on Thai authorities to adhere to the previously agreed timeframe and terms of the repatriation. In a letter addressed to Thai Minister of Culture Paetongtarn Shinawatra, Cambodian Minister of Culture and Fine Arts Phoeurng Sackona confirmed that Cambodia will take responsibility for the transportation costs, in accordance with the agreement reached by both sides in April. 'I request the Ministry of Culture of the Kingdom of Thailand to proceed with the implementation of the agreement within the agreed timeframe in order to avoid any further delays. The Cambodian side will assume full responsibility for all costs associated with this transportation,' she stated. In 2000, Thai authorities seized 43 Cambodian antiquities illegally imported from Singapore. Over the years, 23 items were returned to Cambodia following Cabinet approvals in 2009 and 2015. The remaining 20 antiquities were under review due to unclear origins. After the Cambodian government submitted documentary evidence of ownership, Thailand's Fine Arts Department verified the artifacts as being of Cambodian origin. In 2024, the Thai Cabinet, under former Prime Minister Srettha Thavisin, approved the repatriation. Nation TV reported the Fine Arts Department's statement on April 25, which confirmed that the cultural ministries of both countries had coordinated the logistics for the handover. This will involve a land transfer via Siem Reap, expected to take place around July 2025. - The Nation/ANN


The Sun
13 hours ago
- The Sun
Porsche Design Tower Bangkok Partners with List Sotheby's to Venture into Japanese Ultra-luxury Market
STUTTGART, GERMANY / TOKYO, JAPAN - Media OutReach Newswire - 8 July 2025 - Porsche Design Tower Bangkok has partnered with List Sotheby's International Realty as its agent representative in the Japanese real estate market, expanding its reach to one of Asia's most sophisticated ultra-luxury markets. This strategic alliance introduces Porsche Design's first residential tower in Asia to Japanese clientele, offering an unprecedented living experience that embodies exceptional design and functionality. List Sotheby's International Realty, with its prestigious network and deep expertise in Japan's ultra-luxury real estate segment, connects discerning Japanese buyers with this landmark development. Marking the market entrance, a high-profile roadshow event was held on June 25, at Porsche Studio Ginza, joined by distinguished guests. During the event, prospective investors experienced immersive presentations highlighting the functional excellence and exquisite designs of Porsche Design Tower Bangkok. The 'Sky Villa' residences and 'Passion Spaces', the ultimate luxury garages, generated significant interest from Japanese connoisseurs seeking unparalleled real estate opportunities. The appeal of the high-rise lies in its world-class specifications, attention to detail, and uncompromising quality–values that resonate strongly with Japanese appreciation for craftsmanship and precision. Porsche Design Tower Bangkok, the first of its kind in Asia, represents Thai premier developer Ananda Development's real estate expertise and the timeless design philosophy of the exclusive lifestyle brand Porsche Design. This landmark collaboration sets a new benchmark in ultra-luxury living, merging international design excellence with local market insights. For detailed information and updates on Porsche Design Tower Bangkok, visit List Sotheby's International Realty and About Porsche Design: In 1963, Professor Ferdinand Alexander Porsche created one of the most iconic design objects in contemporary history: the Porsche 911. Following his vision to take the principles and myth of Porsche beyond the automotive world, he created the exclusive lifestyle brand Porsche Design in 1972. His philosophy and design language can still be seen in all Porsche Design products today. Every Porsche Design product stands for extraordinary precision and perfection, boasts a high level of technological innovation and seamlessly combines intelligent functionality and puristic design. Created by Studio F. A. Porsche in Austria, our products are sold worldwide in Porsche Design stores, high-end department stores, exclusive specialist retailers and the official online store (