Incumbent Bangkok Governor Chadchart Sittipunt won a historic landslide victory, securing re-election with a record of more than 1.44 million votes despite earlier speculation that he might not win more than a million. Chadchart won more votes than the next four closest candidates combined—in fact, their combined total amounted to less than half of what Chadchart received. This represents a clear mandate for him to use over the next four years.

When meeting Chadchart on the campaign trail just days before Election Day at a market in Bangkok's Huai Khwang district, the 60-year-old veteran politician proved personable and down-to-earth, simply encouraging voters to participate rather than pressuring them to support him. While Bangkok could have fared worse under his leadership, significant challenges remain unresolved.

Persistent issues facing the capital include PM2.5 pollution during the cool and dry season, minimal progress on rubbish separation over the past four years, and City Hall's failure to assist homeless people—a problem particularly visible along Ratchadamnoen Avenue at night. Should Chadchart exceed his accomplishments in the next four years, he could emerge as serious prime ministerial material for Thailand, though that remains distant.

Chadchart's main opposition challenger, People's Party candidate Chaiwat Sathawornwichit, suffered a disappointing third-place finish with just over 176,000 votes, despite the party's recent success winning all Bangkok MP seats in February's general election. Political analysts attribute rising public resentment toward the People's Party to its perceived arrogance and unwillingness to acknowledge mistakes, evident in controversial decisions such as appointing former junta supporter Surapol Nitikraipot as chief adviser and voting for Anutin Charnvirakul as prime minister despite strong objections from party supporters. Without heeding criticism, the party risks losing the trust of even well-intentioned supporters.

Arada Fuengtong, director-general of the Department of Foreign Trade, unveiled the 'Boost up SMEs to FTA Markets' program on July 2, a collaborative effort with the Office of Small and Medium Enterprises Promotion. The initiative aims to strengthen Thai SME capabilities and maximize benefits from free trade agreements amid volatile global trade conditions. Funded by OSMEP's development fund, the program focuses on transforming Thai entrepreneurs into 'Smart Traders' who understand complex regulations and leverage FTAs for competitive advantage. The strategy targets three high-potential markets: India, Switzerland, and Norway, which show increasing demand for Thai products. The Department aims to generate over 1 billion baht in export value through FTA utilization. Thailand currently has 14 active FTAs covering 18 countries, with three additional agreements (Thailand-EFTA, Thailand-Sri Lanka, and Thailand-Bhutan) expected to take effect by 2027, bringing the total to 17 FTAs covering 24 countries. Arada emphasized that the modern trade era leaves no room for stagnation and called on businesses to transform into Smart Traders capable of reducing costs and gaining competitive advantages through FTA benefits. The launch event featured special addresses, panel discussions with leading experts, and parallel activities offering in-depth consultations and program enrollment for participating entrepreneurs.

Ford Thailand is celebrating its 30th anniversary with a special after-sales service campaign offering the "Ford Complete Savings, Free Fuel Card Raffle" at authorized Ford service centers nationwide from July 1 to October 31, 2025. All Ford vehicle owners can participate in a raffle to win fuel cards totaling over 1 million baht across 300 prizes: 30 cards worth 10,000 baht each, 30 cards worth 5,000 baht each, and 240 cards worth 2,500 baht each. Winners will be announced in December 2025, with each vehicle eligible for one prize maximum.

Customers who book online or use the Service Price Calculator and spend 5,000 baht or more on maintenance receive discounts up to 400 baht on engine oil packages. Special promotions include a "buy three tires, get one free" offer, battery and brake pad discounts ranging from 200 to 600 baht, and an additional 400 baht discount when purchasing all four tires. All Ford vehicles receive complimentary 30-point inspections. Financing options include 0% installments over 10 months for purchases of 5,000 baht or more through Kasikornbank and Bank of Krungsri credit cards.

The World Bank has upgraded Vietnam and the Philippines to upper-middle-income status following years of strong economic growth, a move that could boost investor confidence in both countries. Vietnam had been classified as a lower-middle-income economy since 2009, while the Philippines had remained in that category since the late 1980s. The World Bank attributed Vietnam's upgrade to its export-led growth model and the Philippines' broad-based expansion across multiple sectors. Both countries surpassed the World Bank's upper-middle-income threshold of $4,636 in gross national income per capita in 2025, with Vietnam reaching $4,970 and the Philippines $4,850. Philippine officials said the new classification reflects the country's sustained economic resilience, while Vietnam is targeting double-digit economic growth in 2026 through business-friendly reforms and infrastructure investment. Jordan, Micronesia and Sri Lanka were also upgraded to upper-middle-income status, while Togo moved from low-income to lower-middle-income. The World Bank said the share of low-income economies has fallen significantly since 1987. The new status could reduce access to concessional development financing, although Philippine officials said stronger economic fundamentals and improved market access are expected to outweigh the impact.

Gulf Development Public Company Limited has successfully closed its US$600 million offshore syndicated term loan facility, a significant milestone in the company's funding strategy. The facility was initially launched in May 2026 at US$400 million with 3-year and 5-year tranches, and received substantial backing from GULF's relationship banks. Strong demand from lenders enabled the company to exercise its greenshoe option and increase the facility by US$200 million to reach the final amount of US$600 million.

The facility drew participation from 33 banks across Japan, Taiwan, Singapore, China, Hong Kong, the Philippines, India, Macau, and France, with peak demand reaching approximately 4 times the initial facility size. The diverse group of international financial institutions reflects GULF's longstanding relationships with partners and suppliers across its projects.

The strong market response demonstrates lenders' confidence in GULF's robust financial position, disciplined capital management, stable cash flow generation, and proven track record in developing and operating large-scale energy and infrastructure projects. It also recognizes GULF's position as a leading infrastructure and investment group capable of capturing future growth opportunities.

Ms. Yupapin Wangviwat, Chief Financial Officer of GULF Group, stated that the successful completion represents an important milestone in GULF's funding strategy, expanding access to international markets and diversifying financing sources. The strong banking community response reflects confidence in GULF's financial strength and operational track record. GULF's achievement of an 'A' credit rating with a Stable outlook from Japan Credit Rating Agency (JCR), equivalent to Thailand's sovereign rating, further reinforces this confidence. The transaction strengthens existing banking relationships, establishes new partnerships with international lenders, and enhances financial flexibility.

DBS Bank Ltd., Mizuho Bank, Ltd., MUFG Bank, Ltd., Natixis Singapore Branch, Sumitomo Mitsui Banking Corporation Singapore Branch, and United Overseas Bank Limited served as Mandated Lead Arrangers, Underwriters, and Bookrunners, with Mizuho Bank also acting as Facility Agent.