PM concerned with heavy rains from Sonca depression Prime Minister Prayut Chan-ocha has expressed concern over heavy rains in northern and northeastern provinces and ordered authorities concerned to be on the alert to rush aid to people affected by flash flood or mud slide. — Thai PBS Dam gates to be opened amid heavy rains […]
Baht’s sharp rise on BoT radar The Bank of Thailand has acknowledged the baht’s rapid climb against the US dollar recently, a movement that it says warrants close monitoring. — Bangkok Post Govt plans Bt2,750 welfare per month for low-income citizens THE GOVERNMENT plans to offer a state welfare payments of Bt2,750 a month to […]
Thailand freezes former PM Yingluck’s bank accounts in rice subsidy case Thailand’s justice ministry froze some of former Prime Minister Yingluck Shinawatra’s bank accounts, the ministry and her legal team said on Monday, in relation to a $1 billion fine imposed by the ruling junta over her administration’s rice-subsidy program. — Reuters Thailand seizes $21 […]
Rolls-Royce ‘kickbacks’ to PTT to be probed THE COUNTRY’S top anti-graft officials have been appointed to investigate alleged corruption in the 2000-2013 procurement of multi-billion-baht Rolls-Royce industrial equipment by PTT plc and its subsidiary, PTT Exploration and Production (PTTEP). — The Nation FTI forecasts economic growth in second half The private sector expects the economy […]
A recent report by the Potsdam Institute for Climate Impact Research (PIK) and the Asian Development Bank (ADB) forecasts devastating consequences to countries in Asia and the Pacific if climate change goes unabated. The report finds that should the forecast 6C (about 11F) rise in temperature by 2100 occur under a ‘business-as-usual’ approach, countries in […]
Thai June exports up 11.7 pct y/y, beat forecast Thailand’s customs-cleared exports rose for a fourth straight month in June, beating expectations, due to stronger demand from major markets, suggesting the trade-dependent economy was gaining momentum. — Reuters New excise rates round the corner The new excise tax rates for vehicles, non-alcohol beverages, batteries and […]
Thai general, provincial politicians held guilty in major trafficking trial An army general, two provincial politicians and police officers were among the 46 people held guilty on Wednesday by a judge in Thailand’s biggest human trafficking trial, from a total of 103 defendants, with judgments expected to run late into the day. — Channel NewsAsia […]
Verdict due in major Thai human trafficking trial A Thai general is among more than 100 defendants facing a verdict on Wednesday (Jul 19) in a sprawling 2015 human trafficking case which saw thousands of Rohingya and Bangladeshi migrants abandoned at sea and in jungle death camps. — Channel NewsAsia 68 percent of Thais are […]
A Cambodian defence attorney has called for the current ban on commercial surrogacy in Cambodia to be abolished ‘because the people are poor’, adding ‘it is not wrong to just bear a baby for another’. A second defence attorney pleaded that his clients were being prosecuted for acts committed before there was a law prohibiting […]
Baht closes at 33.66 baht/dollar, the strongest in 25 months The Thai baht closed at 33.66 baht against the US dollar, the strongest in 25 months after the currency was trading between 33.73-33.75 baht/dollar throughout Monday (July 17), said Jitipol Puksamatanan, a currency and capital markets strategist of the Krung Thai Bank. — Thai PBS […]
Thailand welcomes 17 million foreign visitors in first half of 2017 Seventeen million foreign tourists visited Thailand in the first half of 2017, according to the Ministry of Tourism and Sports. — NBT World Banks warn economy could feel labour law, policy rate sting Investment banks are maintaining a stable forecast on Thailand’s economic growth […]
BoT ‘suppressed baht’ to bolster exports: KBank The Bank of Thailand intervened in the currency market last week in what was believed to be an attempt to prevent the baht strengthening so as to stop export recovery momentum stalling, according to a senior official at Kasikornbank (KBank). — Bangkok Post New Thai lawsuit faces Leicester […]
High-speed rail financing takes shape The government will rely on lending by domestic and overseas financial institutions to fund the first stage of the 179-billion-baht Sino-Thai high-speed rail project linking Bangkok and Nakhon Ratchasima. — Bangkok Post Thailand foreign tourist arrivals up 4-5% in H1 2017: Minister The number of foreign tourists visiting Thailand rose […]
Thailand approves S$7.2b for delayed China rail project Thailand’s military government on Tuesday (July 11) approved 179 billion baht (S$7.2 billion) to build the first stretch of a high-speed railway that will ultimately link Bangkok to southern China, a massive joint infrastructure project with Beijing that has been dogged by delays. — The Straits Times […]
Shortage of migrant labour hits key sectors MANY SECTORS, including construction in the capital, fisheries in the South and agriculture in border areas, are facing labour shortages due to the tough new labour law, sources said yesterday as migrant workers began returning to Thailand. — The Nation Air Force eyes 12-jet deal Deputy Prime Minister […]
