Month: September 2023
- China News
Chinese developer Country Garden secures bond repayment delay amid liquidity crisis
Chinese developer, Country Garden, has successfully secured creditor approval to postpone a critical bond repayment deadline, narrowly dodging a potential default. This agreement provides temporary relief amidst a liquidity crisis that has significantly impacted the nation’s financial markets. Country Garden gained enough support in a vote concluded yesterday to extend payments on the 3.9 billion yuan (18 billion baht) outstanding…
Read More » - World News
Human trafficking victim rescued from Myanmar ring by Thai officials
Chiang Rai officials have successfully executed a rescue operation, saving a 29 year old Udon Thani woman, known as Nam, from a human trafficking ring in Myanmar. It was revealed that she had been coerced into providing sexual services to call centre employees in the Shan state by Chinese perpetrators. The incident was initially flagged by a citizen journalist from…
Read More » - Business News
JKN Global reassures investors after bond payment rescheduling
JKN Global Group Plc (JKN), the owner of the Miss Universe Organization (MUO), reassured investors that its financial status is robust, despite a recent bond payment rescheduling caused by a liquidity mismatch. Jakkaphong Jakrajutatip, the chief executive and managing director, said at a briefing that the company is set to meet its revenue target of over 3 billion baht this…
Read More » - Business News
15 years of escrow legislation: 867 billion baht in transactions
Data released by the Fiscal Policy Office (FPO) has shed light on the impact of escrow legislation over a 15-year span. According to an anonymous FPO source, escrow service transactions during this period totalled a hefty 867 billion baht, the majority of which were linked to capital market transactions. The Escrow Account Act came into effect in 2008, and from…
Read More » - Business News
Thai rice body urges government to focus on new rice strains
The Thai Rice Exporters Association is calling on the new government to avoid manipulating rice market prices and instead focus on the strategic production of new rice varieties. Chookiat Ophaswongse, the association’s honorary president, emphasised the importance of developing new rice strains to maintain competitiveness with other exporting nations. “This is crucial for the future of Thai rice. Following roadshows…
Read More » - Business News
Bangchak acquires Esso Thailand bolstering network and refining capacity
In a significant move in Thailand’s petroleum sector, Bangchak Corporation secured a resounding acquisition of Esso Thailand. ExxonMobil Asia Holdings’ relinquishing of a 65.99% majority stake to Bangchak marks the completion of this transaction. As a consequence of this development, around 700 Esso petrol stations throughout the country will commence operations under Bangchak’s brand, starting tomorrow. Chaiwat Kovavisarach, the Group…
Read More » - Thailand News
Blue Strike-2023: China and Thailand’s joint naval exercise
The Gulf of Thailand and the Sattahip district of Chon Buri will serve as the training grounds for the Blue Strike-2023 joint naval exercise, involving China and Thailand. Participation from Chinese warships and submarines has been confirmed for this annual drill. The exercise, which will extend from tomorrow to September 10, will take place in the upper reaches of the Gulf…
Read More » - Phuket News
Phuket Blood Bank and Thai Red Cross launch donation drive for rare blood type
The Phuket Regional Blood Bank (Phuket RBC) in partnership with the local chapter of the Thai Red Cross and 20 local businesses, have initiated a campaign in September to restock their depleting blood reserves. This campaign invites the local populace to provide their valuable donations at any of the 20 mobile blood donation stations scattered across Phuket, commencing from 2pm…
Read More » - Northern Thailand News
Loei’s PEA moves transformers underground to boost Chiang Khan tourism
The Provincial Electricity Authority (PEA) in Loei has embarked on a mission to relocate electric transformers underground in the tourist-heavy Chiang Khan district. The initiative aims to prevent fire hazards in the district, which is known for its century-old wooden houses. Komkrit Siriyutthaseanyakorn, who heads the local office of the Department of Public Works and Town and Country Planning, stated that…
Read More » - Environment News
Thai research probes herbal solutions to PM2.5 dust-related chronic diseases
In promising scientific research, experts are exploring the potential of three herbal plants in combatting chronic diseases connected to PM2.5 dust. The focal point of this collaborative project is to address the health challenges arising from prolonged exposure to harmful PM2.5 dust particles, a pressing concern in regions affected by air pollution. The collaborative efforts have seen researchers from Chaophraya…
Read More » - Thailand News
Chiang Mai University launches Builds platform to boost student entrepreneurship
Chiang Mai University (CMU), in collaboration with the Stock Exchange of Thailand, has unveiled an entrepreneurial platform named “Builds”. This initiative is designed to assist students in transforming their research projects into profitable enterprises. Pongruk Sribanditmongkol, a CMU rector, expressed the institution’s ambitions to become an entrepreneurial hub, aiming to bolster its economic contribution to 60 billion baht within the…
Read More » - Covid-19 News
Thai GPO’s Covid-19 vaccine set for 2023 launch, targets 10 million doses annually
Thailand’s National Vaccine Institute (NVI) is making significant strides with its first domestically produced Covid-19 vaccine, HXP-GPOVac. The vaccine, currently in its third stage of clinical trials, is on track to conclude this phase by the end of the month. This development represents a crucial step forward for Thailand’s efforts to continually combat the pandemic. The vaccine’s production is overseen…
Read More » - Thailand News
Siriraj hospital offers free joint replacement surgeries to Nepal’s underprivileged
Free joint replacement surgeries will be offered to the underprivileged population of Lumbini, Nepal, courtesy of Siriraj Hospital. The groundbreaking initiative, dubbed ‘The Buddha’s First Step’, is a collaborative effort between the hospital and Love for Humanity, a corporate social responsibility project. Apichart Asavamongkolkul, the dean of the Faculty of Medicine at Siriraj Hospital, Mahidol University, revealed that the project…
Read More » - Tourism News
Thai government considers visa system revamp to boost tourism revenue
A major revamp of the visa system is presently under deliberation by the Thai government and the Tourism Authority of Thailand (TAT). The amendments are anticipated to augment revenue generated from vital tourism markets like India and China. The call to review the visa system originated from the Ministry of Foreign Affairs. They acted in response to many complaints from…
Read More » - Phuket News
Chalong underpass closure in Phuket tonight for essential pump repairs
Phuket’s Chalong Underpass will be inaccessible to all traffic tonight due to closure to perform critical repair works on the tunnel’s pump system. The Phuket Highways Office has issued a statement detailing the closure timings, which commence from 9pm today and extend until 5am tomorrow. This is not the first instance of such a closure; the region’s ongoing rainy season…
Read More » - Thailand News
South Korea aims to boost Thai tourism with new campaign
South Korea, marking its 65th year of diplomatic relations with Thailand, is all set to attract more Thai tourists. This comes as part of a bilateral effort to revive the tourism industry in both countries, which shares a robust relationship economically, socially, and culturally. Covid-19 restrictions saw a decline in international tourism, with South Korea welcoming about 570,000 Thai tourists…
Read More » - Thailand News
Surrogacy ring arrest in Bangkok linked to missing toddler case
A series of raids and an arrest have been carried out against an international surrogacy ring, suspected to be tied to last year’s missing toddler case in Bangkok. The Department of Special Investigation (DSI) this week searched three clinics in Bangkok and a building in Nong Khai, with a man apprehended for suspected involvement as an agent in the operation.…
Read More » - Business News
Thailand’s free visa initiative to boost Chinese tourist influx by 700,000
Thailand‘s government’s initiative to issue free visas to visitors from China is expected to boost visitor figures by 700,000 during the high season, according to the Tourism Authority of Thailand (TAT). TAT governor Thapanee Kiatphaibool noted that Thailand typically receives between 350,000 and 400,000 Chinese visitors monthly, totalling 2.1 million in the first eight months of this year. Thailand accounted…
Read More » - Phuket News
Phuket police hunt for missing Russian tourist amid rough seas
A Russian tourist has reportedly gone missing off Nai Yang Beach in Phuket. The Phuket division of the Tourist Police Bureau is urgently seeking any information that could assist with their ongoing search. The man’s disappearance was reported yesterday evening, with local authorities suspecting a potential drowning due to the rough sea conditions. The man’s identity has not been officially…
Read More » - Business News
Thai motorcycle production to exceed 2.1 million units amid tourism rebound
The Federation of Thai Industries (FTI) is forecasting that motorcycle production this year will surpass the initial target of 2.1 million units. The revival of the tourism sector and the easing of the global semiconductor shortage are cited as the primary factors for this optimistic outlook. Surapong Paisitpatanapong, the vice-chairman and spokesperson for the FTI’s Automotive Industry Club, attributes this…
Read More » - Thailand News
Thai Prime Minister pledges to tackle fisheries industry woes
Srettha Thavisin, the Thai Prime Minister, promised to address the issues plaguing the fisheries industry in his visit to Samut Songkhram yesterday. This move came after representatives from the industry called upon the newly formed government to revise laws to mitigate the effects of restrictions put in place to combat illegal, unreported and unregulated (IUU) fishing. Srettha stated that the…
Read More » - Business News
Ratch Group earmarks 35 billion baht for business expansion
Thailand’s leading private power producer, Ratch Group Plc, remains steadfast in its decision to allocate a capital expenditure of 35 billion baht for the expansion of its operations in both the power and non-power sectors this year. Chief Executive Choosri Kietkajornkul said that out of this capital allocation, 29 billion baht is for investments in power generation. She further revealed…
Read More » - Thailand News
Bangkok’s ‘Beautiful Roads’ project aims to enhance cityscape
The Bangkok Metropolitan Administration (BMA) initiated a new endeavour to enhance the city’s traffic islands, lands under expressways, and public pavements. The project, dubbed Beautiful Roads, aims to augment the overall landscape of roads, including road surfaces, traffic lights, light poles, on-road utilities, and the reorganisation of street food vendors, and roadside surroundings. Bangkok Governor Chadchart Sittipunt revealed that the…
Read More » - Business News
AIS withdraws lawsuit against NBTC over True-DTAC merger approval
AIS, the telecommunications giant, recently took a surprising turn as it withdrew its case against the National Broadcasting and Telecommunications Commission’s (NBTC) decision, which recognised the merger between True Corporation and Total Access Communication (DTAC), its two direct competitors. The lawsuit contended that the NBTC board had failed to exercise its authority to regulate the deal according to existing regulations.…
Read More » - Guides
How to secure credit cards in Thailand for foreigners: A comprehensive guide
Living in Thailand without a credit card is certainly feasible, given the multiple payment options for goods and services available in the country. But, getting a local credit card does make life a lot easier. In addition to cutting down on foreign exchange fees, having a local credit card can simplify the tedious task of paying bills, allowing you to…
Read More » - Events
Miss Universe 2023 Official After Party: A glittering tribute to Studio 54
The glamour, the glitz, and the electric energy of an era gone by came alive once again at the Miss Universe 2023 Official After Party held at Escape Bangkok. This sensational event is hosted jointly by Megatix Thailand and TPN with an iconic Studio 54 theme, a name synonymous with the golden age of disco and extravagant nightlife. The night…
Read More » - Thailand News
Toothpaste review uproar: 1.7 million baht lawsuit gets brushed aside
A legal case involving a young woman who reviewed a toothpaste brand and was subsequently sued for 1.7 million baht has been dropped, causing a stir on social media. The young woman had earlier requested justice after developing an allergic reaction to the toothpaste, leading to the brand’s owner suing her for damages, sparking widespread debate across various social media…
Read More » - Thailand News
BREAKING NEWS: Former Thai PM Thaksin Shinawatra granted royal pardon, sentence reduced to 1 year
Thailand’s former Prime Minister Thaksin Shinawatra has been granted a royal pardon, effectively reducing his punishment to a one-year sentence. According to the announcement published in the Royal Gazette this afternoon, King Rama X extended royal clemency to the 74 year old Thaksin, slashing his previous sentence of seven years, eleven months, and 20 days down to one year. The royal…
Read More » - Thailand News
karma: Jealous husband’s fiery act backfires, leaving him scorched
If karma indeed exists, it enacted a merciless retribution upon a Thai man who, consumed by jealousy over his ex-wife’s new romance, set fire to her and her mother. The Thai man ended up suffering severe burns all over his body during the arson attack on his former spouse. This harrowing incident unfolded in the early hours of yesterday when…
Read More » - Crime News
Illegal surrogacy ring busted in Bangkok as police raid three healthcare facilities
A special investigation team (DSI) raided three healthcare facilities, apprehending an operation secretly arranging surrogate mothers. The illegal surrogacy operation involved Thai women paid to carry pregnancies before the infants were sent abroad. Crucial documents were found during the raid, and legal proceedings are underway. The illegal surrogacy operation news broke out today, at 6.30am. The DSI, under the supervision…
Read More » - Crime News
Bangkok bullet bust: Officers nab four with guns and ammunition at petrol pit stop
Four suspects were arrested by Min Buri inspection officers, who seized five handguns and nearly 50 rounds of ammunition. The ammunition arrest occurred at a petrol station in Min Buri, a district of Bangkok, today. The group, consisting of 15 year old A, 19 year old Naphat, 20 year old Natthawut, and 19 year old Chanachon, were found in possession…
Read More » - World News
Globe of death stunt rider injured in fiery accident at Chinese theme park
A fiery motorcycle stunt performance at Happy Valley theme park in Shanxi, China took a dangerous turn when a performer lost control, resulting in a blazing accident that left him injured. The incident, which occurred during a daring Globe of Death routine performed by two stunt riders, caused shock and concern among spectators. The Globe of Death Show, a popular…
Read More » - Thailand News
Fruit jelly jolt: Wormy surprise in popular brand’s treat leaves customer queasy
A shocking discovery of worms nestled in a popular brand’s fruit jelly has left a female customer feeling nauseated. The incident, shared by the woman on the We Are Consumers Facebook group, occurred shortly after purchasing the product from a convenience store. The woman posted, accompanied by pictures, describing her unsettling ordeal. “Was eating and found a worm, almost vomited.…
Read More » - Business News
Media meltdown: JKN global struggles as shares drop amid debenture dilemma
JKN Global Media Plc’s shares plummeted to 1.67 baht during early trade as the company acknowledged its inability to fully repay the 609 million baht debenture due that day. This debenture is part of a seven-series set, totaling 3.36 billion baht. After the disclosure on the Stock Exchange of Thailand (SET), JKN Global Media’s shares tumbled by 29.8%, a drop…
Read More » - World News
International student survival: Girl trapped in bathroom escapes after six-hour ordeal using tweezers
A six-hour struggle for survival unfolded as an international student found herself trapped inside a bathroom with no one to help her. The student ingeniously used a pair of tweezers to carve a hole in the door, eventually managing to kick the door open and free herself. This incident, a stark reminder of everyday hazards, sparked intense debate when reported.…
Read More » - Aviation News
Thai Airways takes off in new direction with operational shake-up
Thai Airways International (THAI) Public Company Limited today announced several operational changes. THAI will use Airbus A320 aircraft for routes formerly managed by THAI Smile Airways: Ahmedabad, Kaohsiung, and Penang. The A320s will also fly to Kolkata, a route currently operated by THAI. Changes begin on September 1 for Ahmedabad and October 15 for Kolkata. The detailed flight schedule is…
Read More » - World News
AirAsia cancels all flights to Hong Kong due to Typhoon Saola
AirAsia cancelled all of the flights to Hong Kong today, September 1, due to Typhoon Saola. Several routes in and out of Shenzhen, Macau, and Guangzhou have also been affected by these cancellations. Typhoon Saola is forecasted to be one of the five most powerful typhoons to hit Guangdong province since 1949. With wind speeds exceeding 200 kilometres per hour,…
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