Year: 2024
- Business News
Loan and behold: NPLs spike as economy recovery stumbles
The Bank of Thailand reported a rise in non-performing loans (NPLs) within the banking industry for the first quarter, attributing the increase to all types of loan products amidst an uneven economic recovery. NPLs in the banking sector reached 502 billion baht, equivalent to 2.74% of total outstanding loans in the first quarter, an increase from 2.66% in the previous quarter.…
Read More » - Business News
Cassava crunch: Thai exports take a dip with 16.4% drop in Q1
Thai exports of cassava and cassava products fell by 16.4% year-on-year in the first quarter, largely due to a reduction in cassava chip output. The Director-General of the Trade Policy and Strategy Office, Poonpong Naiyanapakorn, reported that the export value of cassava and cassava products reached 33.2 billion baht for the first three months of this year, marking a 16.4%…
Read More » - Thailand News
Bleak reefs: Coral bleaching hits Mooh Koh Surin & Phi Phi Island
The Department of National Parks and Wildlife Conservation (DMCR) revealed seven coral bleaching sites have been identified in Moo Koh Surin National Park in Phang Nga, with up to 70% of coral fields around Krabi’s Phi Phi Island also affected. An investigation into the bleaching situation, conducted over two days, revealed that seven coral reef sites in Moo Koh Surin…
Read More » - Thailand News
NBTC rings changes: Task force to dial down online banking scams
The National Broadcasting and Telecommunications Commission (NBTC) has established a working group to enforce a new policy aimed at preventing online scams targeting mobile banking users. This policy mandates that the name used to register a mobile phone SIM card must match the name of the bank account holder connected to the internet via that SIM card. This policy had…
Read More » - Pattaya News
Foreign man causes chaos at Pattaya insurance office
Pattaya authorities yesterday were called into action when another badly behaved foreign man caused a disturbance at a local business. Around noon, May 21, concerned residents contacted Pattaya City’s 1337 hotline to report the erratic behaviour of a foreign man in front of an insurance office on Chaiyapruek 1 Road. Upon arrival, municipal officers, peacekeepers, and the Pattaya Mobile Rescue…
Read More » - Thailand News
Passengers recount chaos on ill-fated Singapore Airlines flight (video)
Passengers aboard the ill-fated Singapore Airlines flight recounted harrowing scenes during an emergency landing in Bangkok yesterday, after a 73 year old British man, Geoff Kitchen, succumbed to a suspected heart attack triggered by severe turbulence that wreaked havoc in the cabin. The turbulence, which struck as a meal service was underway, left more than 30 passengers injured and plunged…
Read More » - Thailand News
Koh Samui’s new cruise terminal project anchors big investors
Deputy Transport Minister Manaporn Charoensri announced that Koh Samui’s ambitious new cruise terminal project has drawn substantial interest from investors both locally and internationally. The Ministry of Transport plans to review the outcomes of a feasibility study into the project’s Public-Private Partnership (PPP) investment model before submitting it to the cabinet for approval. Manaporn provided an update on the project’s…
Read More » - Guides
Securing Thai property loans: hurdles for foreign investors
Navigating the maze of procuring a loan in Thailand can be a challenge, especially for foreign investors. With a tightening regulatory environment since 2015, it’s become even more crucial to understand the landscape. If you’ve ever wondered about the ins and outs of securing a loan in this Southeast Asian hub, you’re in the right place. In the past, many…
Read More » - Thailand News
PM Srettha scrambles to address economic woes
Thailand Prime Minister Srettha Thavisin has called an urgent meeting with his economic ministers next Monday in a bid to tackle Thailand’s sluggish economic growth. This move comes after a dismal first-quarter GDP report, which has sent shockwaves through the government and the public alike. In a Twitter post last night, the 62 year old Thai prime minister announced that…
Read More » - Thailand News
TAT’s grand plan to attract 39 million tourists to Thailand
The Tourist Authority of Thailand (TAT) called for a major budget increase to boost tourism revenue to a staggering 3.5 trillion baht in 2024, attracting more tourists. The Thai government is aiming high, with an ambitious goal to lure no fewer than 39 million international tourists to its stunning shores throughout 2024. To achieve this, the TAT is pushing for…
Read More » - Thailand News
Singapore Airlines emergency landing claims one life, injures 30
One passenger was tragically killed and 30 others were injured as a Singapore Airlines flight made an emergency landing at Suvarnabhumi International Airport in Bangkok due to the severe weather. Thai PBS reported that the air traffic control team at Suvarnabhumi Airport received an emergency signal, squawk code 7700, from the Boeing 777-300ER at 4 pm today, May 21. The…
Read More » - Thailand News
Aftermath of Netiporn’s death: Activists demand judicial reform
In a dramatic showdown, Thalu Wang activists gathered outside Government House in Bangkok demanding judicial reforms following the tragic death of Netiporn Sanesangkhom. The activist’s untimely demise, attributed to medical negligence while in pretrial detention, has ignited a fervent call for change. Fewer than 20 activists converged at the Chamai Maru Chet bridge entrance, shortly after ministers concluded their weekly…
Read More » - Press Room
An Award-Winning Journey
Thriving in an ultra-competitive environment is no easy feat. Libertex has earned a reputation for its steadfast commitment to traders and pursuit of innovation. Recently, the online trading brand has been in the spotlight for its agility to respond to the market’s tidal shifts. Marios Chailis, CMO of Libertex Group, reflects on Libertex’s latest award-winning streak, what it means for…
Read More » - Covid-19 News
Doctor warns of surge in Covid infections, over 18,000 cases daily
As the number of Covid-19 patients admitted to hospitals with lung infections continues to climb, an expert in preventive medicine, and a doctor from Chulalongkorn University issued a stark warning, predicting that daily infections in Thailand could surpass 18,000 individuals. Associate Professor Doctor Thira Woratanarat, a faculty member at Chulalongkorn University’s Faculty of Medicine, expressed his concerns in a recent…
Read More » - Technology News
How blockchain technology is transforming finance
Just imagine a world where your money is not only safe, but everything about it is transparent and cannot be tweaked or twisted. Sounds like a dream, right? Well, that’s where we’re headed thanks to the power of blockchain technology. This isn’t some sci-fi concept; it’s happening now. Blockchain acts as a shared ledger system and is shaking up the…
Read More » - Thailand News
NZ engineering giant Beca to drive Thailand’s green future
New Zealand’s leading advisory and engineering consultancy, Beca, is set to shape Thailand’s future, following Prime Minister Christopher Luxon’s pivotal visit on April 17. CEO Amelia Linzey accompanied the business delegation, underscoring the powerful partnership between the two nations focused on green building and smart infrastructure. Prime Minister Luxon’s visit marked a major milestone in the Thailand-New Zealand relationship, particularly…
Read More » - Guides
Essential life skills for success in the 21st century
As the world evolves, life skills crucial for the 21st century play an imperative role in personal and professional success. Mastery of diverse skills like problem-solving, critical thinking, communication, collaboration, creativity, and innovation is no longer optional; these are mandatory for navigating complex global landscapes. These competencies facilitate not only individual adaptability but also collective advancements in an increasingly digital…
Read More » - Business News
Philippines aims to be Asia’s next logistics hub with US support
According to President Ferdinand Marcos Jr, the Philippines is positioning itself as Asia’s next manufacturing and logistics hub, leveraging its strengthening relationship with the United States. Under the leadership of Marcos, the Philippines has bolstered its defence and economic cooperation with Washington, which recently committed to accelerating investments in the nation’s transport infrastructure, clean energy, and semiconductor supply chains through the…
Read More » - Thailand News
Bangkok’s new food paradise: Mitsukoshi supermarket
Bangkok is set to experience a gastronomic transformation as One Bangkok, the city’s fully integrated smart and sustainable district, partners with Japan’s largest department store group, Isetan Mitsukoshi Holdings Co., Ltd. This strategic collaboration aims to redefine Bangkok’s food and grocery shopping experience. One Bangkok, a joint venture between TCC Assets (Thailand) and Frasers Property Holdings (Thailand) Company Limited, has…
Read More » - Thailand News
South Pattaya: Teen left bloodied in early morning brawl
A brutal brawl erupted on Second Road in South Pattaya in the early hours of last Sunday, leaving an 18 year old Thai boy severely injured. The shocking altercation, which took place around 5am, saw the teenager, Thanapat Singthom, suffer a deep cut on his neck, a gash above his left eyebrow, and numerous abrasions on his body. Blood-soaked and…
Read More » - Thailand News
Thai man’s drunken rampage in Na Jomtien terrorises family
A 36 year old Thai man was apprehended by police on Sunday in Na Jomtien, Sattahip, after allegedly attacking his parents in a drunken rage. Police were summoned to the Eua Arthorn Na Jomtien housing community following reports of domestic violence. Upon arrival, officers found the suspect, identified as Nattawut, aggressively threatening his mother with a small cutting tool on the…
Read More » - Business News
Thailand seeks new stimulus after Q1 growth falls short
Following Finance Minister Pichai Chunhavajira’s announcement yesterday, Thailand needs additional stimulus measures to unlock its economic potential after experiencing lower-than-expected growth in the first quarter. The country’s economy expanded by only 1.5% year-on-year in the first quarter. This performance, while surpassing analysts’ forecasts, fell short of the 1.7% growth recorded in the previous quarter, said Pichai. “There was still growth…
Read More » - Cannabis
How to clone your cannabis plant
The practice of cloning represents a significant advancement in cannabis cultivation, providing the ability to generate numerous plants from a single mother plant. Cloning offers a practical and economical method of preserving the genetic integrity, characteristics, and gender of favoured plants. Cloning should be considered by anyone interested in cannabis cultivation, as it not only conserves financial resources but also…
Read More » - Thailand News
Chiang Mai Airport grants Grab exclusive ride-hailing rights
Chiang Mai Airport defended its decision to grant Grab exclusive rights to operate ride-hailing services at its passenger terminal. Only vehicles using the Grab app are permitted to pick up passengers at the airport, according to Chiang Mai Airport General Manager Ronnakorn Chalermsanyakorn. Ronnakorn explained that two categories of vehicles provide services at the airport. The first category includes non-regular…
Read More » - Thailand News
Thai man’s birthday surprise from Bangkok taxi driver goes viral
A Thai man shared a heartwarming video on TikTok showing a Bangkok taxi driver who surprised him with a birthday present by playing “Happy Birthday” during his ride. The Thai TikTok user shared the heartwarming video during a taxi ride on his account, @icetsuki, on May 19, with the caption, “Unexpected moment on taxi car.” The man explained in the…
Read More » - Thailand News
Corrupt BMA official busted: Bangkok bribery scandal exposed
The Bangkok Metropolitan Administration (BMA) launched a disciplinary committee to investigate a shocking corruption case involving a high-ranking Public Works Department official. Anti-corruption police and the Public Sector Anti-Corruption Commission made headlines yesterday with the arrest of Peempong, a key suspect in a major bribery scandal. Three other suspects were apprehended in coordinated raids. During the dramatic raid on Peempong’s…
Read More » - Thailand News
Civil war in Myanmar sees increase in drug trafficking into Thailand
In a worrying development, the trafficking of methamphetamine, commonly known as Yaba, from Myanmar into Thailand has witnessed a significant increase in recent weeks. According to Thai military sources, this surge is attributed to the pressing financial requirements of anti-junta ethnic forces in Myanmar. A coordinated effort by Thai military, police, and anti-narcotics officials yesterday resulted in the seizure of…
Read More » - Thailand News
Sky-high savings: Webjet and AirAsia unveil mega Asia sale
Webjet and AirAsia have joined forces again, promising Aussie travellers unbeatable fares to Asia’s hottest destinations. In a major boost for Aussie globetrotters, Webjet, Australia’s leading online travel agency, relaunched its partnership with AirAsia. This exciting collaboration promises easier access to affordable flights, thanks to AirAsia’s extensive network. The partnership aims to offer customers a broader range of choices and…
Read More » - Pattaya News
Pattaya Mayor anticipates roadwork to be completed by year’s end
Mayor Poramet Ngampichet of Pattaya delivered an update on the ongoing and upcoming infrastructure projects aimed at improving the city’s drainage systems. These initiatives, funded by the previous budget allocation, represent a concerted effort to enhance the city’s infrastructure and overall livability. Highlighting key accomplishments, Mayor Poramet announced the successful completion of drainage installation on Thepprasit Road. Work on Pattaya…
Read More » - Thailand News
Pattaya police introduce mobile app to boost tourist safety
Pattaya City Police Station has unveiled the PATTAYA SAFETY application to boost tourist safety. Superintendent Police Colonel Navin Theerawit announced this innovative app designed to enhance the safety of Thai and international tourists visiting the vibrant city of Pattaya. Developed under the provincial police’s guidance, the PATTAYA SAFETY app acts as a comprehensive platform for incident reporting, tip submission, and…
Read More » - Thailand News
Pothole in Samut Prakan damages 10 vehicles, injures motorcyclist
A dozen vehicles were damaged and a motorcyclist was left injured in Samut Prakan when they encountered a pothole next to a temporary cover on Srinakarin Road in the Mueang district last night. At least 10 cars experienced tyre and wheel damage and a motorcyclist was injured after falling into the hole. Police received the report at around 10pm. The hole…
Read More » - Thailand News
Thai man and Frenchman duel in knife fight, both wounded
A knife fight erupted between a Thai man and a Frenchman in the middle of the road in the Karon sub-district of Phuket last night, May 20, resulting in injuries of both parties. Officers from Karon Police Station received a notification from a Thai man who discovered an injured individual, later identified as Jirasak Thonghor, outside his apartment building at…
Read More » - Thailand News
Chalong Bay luxury yacht goes up in flames
A 34.2-metre luxury yacht yesterday suffered extensive damage in a dramatic blaze, which left its towering mast levelled. Fortunately, no injuries were reported. The Royal Thai Navy (RTN) sprang into action around 3pm, dispatching two boats, Tor 111 and Tor 272, to the scene. Upon arrival, they found the yacht, Obsession II, anchored and continuously burning. The yacht’s crew, who…
Read More » - Thailand News
Thai govt boosts support for park rangers with wage increase
The Thai government has taken a significant step to strengthen the crucial efforts of national park rangers by introducing a series of measures to improve their welfare and support. Among these measures is a wage increase, serving as a clear acknowledgement of the invaluable contributions made by park rangers across the country. The Director-General of the Department of National Parks,…
Read More » - Guides
Understanding home loans vs other loans in Thailand
The intricacies of loan navigation frequently present a formidable challenge due to the abundant assortment of options at hand. Among these, the differentiation between a home loan and other categories of loans such as personal or auto loans is often misunderstood. This confusion can subsequently result in complications. Therefore, it becomes essential to clarify some prevalent misconceptions. A home loan,…
Read More » - Thailand News
Blaze destroys British man’s condo in Pattaya
A terrifying blaze erupted in the early hours of May 17 at the Center Condotel on South Pattaya Road, causing extensive damage and forcing the frantic evacuation of residents. The fire, reported at 3.36am, initially broke out on the 12th floor, quickly spreading to the 13th floor as thick smoke engulfed the building, creating a chaotic and perilous scene. Kraithong…
Read More » - Business News
Thailand’s sports equipment market to hit 32 billion baht
The sports equipment market is set for significant growth in the coming years, thanks to a surge in consumer interest in health and wellness since the Covid-19 pandemic began. President of the Thailand Sporting Trade Association Kitti Charoenpornpanichkul reported that the domestic sports equipment market reached a value of approximately 30 billion baht (US$826 million) last year. This figure surpasses…
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