Four significant Thai banks—Thai Military Bank, Bank of Ayudhya, CIMB Thai Bank, and Bangkok Bank—have decided to close their Laos branches. The Lao government has tightened rules, notably in such areas as lending and managing foreign currencies, which has made doing business there more difficult. Furthermore, over the previous three years, foreign commercial banks had to increase the minimum registered capital for each branch from 100 billion kip, or about USD 5.10 million, to 300 billion kip, or USD 15.29 million, which had an impact on operational costs. While inflation and the value of the Lao kip have been sources of worry, they have been overshadowed by perceived regulatory difficulties and a decline in corporate activity.

With the goal of positioning itself as a global leader in providing prestigious individuals seeking long-term residency in Thailand with premium privileges, Thailand Privilege Card Co., Ltd., the company that runs the Thailand Elite Card Project under the direction of the Tourism Authority of Thailand (TAT), has undergone a rebranding initiative. The eight membership card options that were previously offered have been phased out to make room for the new "Thailand Privilege Card" product, which is now offered in four different packages. These packages, which are built on the "Freedom of Choices" tenet, provide enhanced privileges that are tailored to a range of international lifestyles. The new product is anticipated to generate over USD 286 million in revenue for the country, with a deliberate focus on key markets like China, Japan, the United States, the United Kingdom, Russia, and countries in the European Union.

Srettha Thavisin, the new prime minister of Thailand, recently met with leaders from the aviation industry to discuss preparations for the peak travel period in the final quarter of 2023. The prime minister promised to get to work on the tourist industry as soon as he took office, noting that the fourth quarter is a crucial period for economic growth and the height of travel season. The lack of flights serving Bangkok and Phuket airports, according to AOT President Kerati Kijmanawat, was a topic of conversation with representatives from other organizations. The industry must set aside flight times at six Thai airports for incoming aircraft from China and other nations. Puttipong Prasarttong-Osoth, CEO and President of Bangkok Airways as well as President of the Airlines Association of Thailand, stated his desire to work

Taworn Thunjai, the deputy director-general of the Department of Fisheries, revealed that the organization has increased its focus on random inspections of seafood imported from Japan as a result of the release of radioactive water treated from the damaged Fukushima nuclear plant into the Pacific Ocean on 24 August. Products imported from areas with a higher risk of contamination, such as Tokyo, Fukushima, Chiba, Gunma, Tochigi, Ibaraki, Miyagi, Nigata, Nakano, and Saitama, are the focus of this study. The department's cooperation with the Office of Atoms for Peace and the Ministry of Higher Education, Science, Research, and Innovation (MHESI) has enabled the increased inspection effort. To prevent items tainted with harmful amounts of radioactive materials from being imported, the agencies are working together to measure the radiation levels in imported seafood products.

The Bank of Thailand's Suwannee Jatsadasak, Assistant Governor of the Supervision Group, has revealed that Thailand's commercial banking system is still solid and resilient. Due to the slow debt repayment by enterprises, notably SMEs, including soft loans and government sectors, after continuous expansion to sustain liquidity throughout the pandemic, commercial banks credit in Q2 2022 showed a modest decrease of 0.4% compared to the same time last year. However, lending from sizable holding companies and sizeable retail loan portfolios kept expanding, especially in the housing and personal categories. Due to the management of debt quality and continued support with debt restructuring from commercial banks to their clients, credit quality somewhat improved, mainly in SMEs and consumer loans.

A spokesperson for the house speaker revealed that Srettha Thavisin, a representative of Thailand's Pheu Thai party, had already gained royal assent. The uncertainty following the election ended when he won backing from the parliament to become Thailand's new prime minister. Following talks and negotiations over the law, 482 of the 727 present MPs voted to confirm his triumph. Srettha, a political newcomer, will serve as the prime minister of a coalition made up of 11 parties.

Prime Minister and Finance Minister Srettha Thavisin and members of his Cabinet were granted an audience with His Majesty the King to be sworn into office at Ambara Villa, Dusit Palace, at 13.53 hr on 5 September 2023.

Following the Royal Command on 22 August 2023, Mr. Srettha Thavisin was appointed Prime Minister of Thailand. Another Royal Command was issued on 1 September appointing Cabinet members, according to an announcement published in the Royal Gazette on 2 September.

Prime Minister Srettha Thavisin has pledged to tackle problems facing the fisheries industry, following his visit to Samut Songkhram province to meet groups of fishermen from various provinces and discuss ways to help ease their problems.

His Majesty King Maha Vajiralongkorn Phra Vajiraklaochaoyuhua has granted a royal pardon to former Prime Minister Thaksin Shinawatra, according to an announcement published in the Royal Gazette on 1 September 2023.

After chairing his last Cabinet meeting on 29 August 2023, outgoing Prime Minister General Prayut Chan-o-cha thanked all Cabinet members and officials for joining hands in working together for the nation. General Prayut will serve as caretaker prime minister until the new Cabinet is sworn in before assuming office, which is scheduled for some time in September.

The Government is confident in the potential of Thai herbal products and is striving to push for an increase in the value of these products in the world market and to promote the use of herbal medicine in public health services.

Permanent Secretary for Foreign Affairs of Thailand Sarun Charoensuwan and French Senator (Department of Saône-et-Loire, Bourgogne Franche-Compté Region) have commended past developments and agreed to promote bilateral cooperation between Thailand and France.

Civil society and the people’s sector have joined hands in mobilizing efforts to achieve a strategic development plan to upgrade the quality of life of local residents and develop the local economy in the southern border provinces.

The Government is joining hands with the Thai Chamber of Commerce in upgrading the local economy and increasing the per capita income of the southern border provinces, as well as carrying out development to improve local people’s quality of life.

The Southern Border Provinces Administrative Center (SBPAC) is mobilizing efforts to support the establishment of an international language institute to promote the use of foreign languages as a major mechanism to develop the southern border provinces.

The Government has invited people to visit the latest OTOP fair, which will give a boost to local products under the Foundation for the Promotion of Supplementary Occupations and Related Techniques (SUPPORT), established by Her Majesty Queen Sirikit The Queen Mother.

The day of 28 July marks the birthday of His Majesty King Maha Vajiralongkorn Phra Vajiraklaochaoyuhua (Rama X). Thai people have carried out various activities to show their loyalty to His Majesty the King on the occasion of his 71st birthday anniversary this year.

His Majesty King Maha Vajiralongkorn Phra Vajiraklaochaoyuhua and Her Majesty Queen Suthida Bajrasudhabimalalakshana have graciously appointed Mr. Chirayu Isarangkun Na Ayuthaya, Privy Councilor, as Their Majesties’ representative to deliver humanitarian assistance to the people of the Republic of the Union of Myanmar affected by Cyclone Mocha.