Economics Morning Brief and Today's News Summary by Manrat Chotsiri on November 7th, 2026.
Summary of today's top news (November 7, 2026) with key details in each area:
1. Legal Cases and Investigations into the "Good Deeds Foundation" (Boom Panadda):
Investigation and Asset Seizure: CIB police and the Economic Crime Suppression Division (ECSD) raided the Good Deeds Foundation's premises (Khlong 8), seizing 18 bank accounts totaling over 102 million baht and investigating land/pool villa purchase agreements.
Involved Individuals Providing Information: Mr. Kanchai Kamnerdploy and Bella Ranee met with ECSD investigators to provide information regarding their 1 million baht donation to the foundation. Meanwhile, Mr. Athip Chumphol (Got) surrendered to the ECSD.
2. Political Situation and Protests:
Protesters Demanding the Return of the World Horticultural Expo and Groups Opposing the Potash Mine/Waste-to-Energy Plant: A group of protesters from Nakhon Ratchasima province marched towards Government House (Gate 4) to submit demands regarding economic hardship, fuel prices, and projects in the area.
Security Measures: The Bangkok Metropolitan Police has issued a ban on gatherings within a 50-meter radius of the Government House and has closed some sections of Phitsanulok Road, effective until November 20, 2026. The Prime Minister confirmed he is open to feedback and has not ordered any road blocking.
3. Weather and Natural Disasters
Northern Thailand's Unstable Weather: The Meteorological Department warned of thunderstorms and lightning in northern Thailand. A lightning strike in Mae Chaem District, Chiang Mai, resulted in one death and eight injuries.
Weather Warning: Northern Thailand should be wary of unstable weather, and southern Thailand should prepare for heavy rainfall between November 6-9, 2026.
Power Outage Warning: The Metropolitan Electricity Authority (MEA) announced a temporary power outage at 32 locations in Bangkok, Nonthaburi, and Samut Prakan for system upgrades.
4. Economic and Agricultural Information
Rice Price Surge: The price of paddy rice has risen to almost 20,000 baht per ton, the highest level in 16 years.
Subsidy Measures: The Comptroller General's Department is preparing to transfer subsidies for the care of newborn children. For the month of November 2026 (600 baht), as scheduled before the end of the year.
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Summary of comprehensive economic news across all categories for the latest period (updated early November 2026). Key issues and market movements are as follows:
📈 1. Capital and Stock Markets (Stock Market)
Thai Stock Market (SET Index): Closed sharply lower at 1,465.70 points (-32.29 points or -2.16%) with heavy trading volume exceeding 79.4 billion baht.
Major Pressure: The Thai stock market faced net selling from institutional and foreign investors totaling over 5.6 billion baht amid concerns over fund flows and the volatile global investment climate for risky assets.
🏆 2. Gold Market (Gold Traders Association 96.5%)
Domestic Gold Prices (Gold Traders Association 96.5%): Gold prices experienced high volatility, opening the morning session around... The buyback price is 64,100 baht and the selling price is 64,300 baht (after a week in which global gold prices surged to levels above $4,100/ounce before facing profit-taking selling pressure).
🏛️ 3. Monetary Policy, Bank of Thailand & Domestic Economic News
Stimulus and Debt Relief Measures: Government housing loan programs such as "One Home Plus" continue to receive interest from the public in applying for loans through the Government Housing Bank, helping to drive the real estate sector and domestic purchasing power.
Announcement of Retail Fuel Price Reduction: Gasoline and gasohol prices were reduced by 1.00 baht/liter, while B7 diesel was reduced by 0.75 baht/liter, helping to alleviate the burden of living costs related to transportation and living.
Regulation of Digital Asset Markets: The SEC (Securities and Exchange Commission of Thailand) has issued a warning and urged investors to manage their assets on unlicensed digital asset exchange platforms (e.g., VCEX) before access blocking measures come into effect.
🌍 4. Global Economic News
Impact of US Politics: Global financial markets reacted to the US election results and policy direction, leading to high volatility in commodity prices, gold, and bond markets.
Direction of Major Central Banks: Several central banks continue to closely monitor inflation figures and the labor market to assess the timing of interest rate cuts in the final quarter of 2026.