Search Results for: financial strain
- Business News
GIF expedites Covid-19 payouts amid financial strain
The General Insurance Fund (GIF) proposed an expedited payment option for Covid-19 policyholders, where they can avail of an immediate reduced payout rather than wait for a decade for the full claim. This could mean receiving 60 baht now instead of 100 baht in the future, according to Finance Permanent Secretary Lavaron Sangsnit. Governmental body GIF was formed to safeguard…
- Thailand News
Astrologer warns Leos and Geminis of end-of-month financial strain
Toward the month’s end, financial caution is the word on everyone’s lips, especially for those born under two particular zodiac signs. Thosaporn Sritula, a renowned astrologer, issued a stark warning for those under the signs of Leo and Gemini, advising a temporary halt to travel plans and discretionary spending due to financial instability. Even though incomes are steady and not…
- Pattaya News
Pattaya schools drop scout uniform mandate to ease financial strain
In Pattaya, officials have recently instructed all educational institutions under their authority to remove the mandate for students to wear scout and girl scout uniforms. This decision is in line with similar actions taken by other institutions across the country. The announcement was made through the ‘Pattaya Direct Line’ Facebook account following a statement by the Mayor of Pattaya, to…
- Business News
Thailand’s oil reserves expansion faces financial challenges
Plans to bolster Thailand’s strategic petroleum reserve (SPR) are encountering pushback from industry executives due to financial constraints. Thailand’s Energy Minister, Pirapan Salirathavibhaga, spearheaded an initiative to increase national oil reserve security by expanding the SPR as detailed in the 2024 oil plan. Pirapan aims to increase Thailand’s oil reserves, both crude and refined, from 50 days to 90 days…
- Thailand News
Factory head found dead amid health and financial woes
A tragic incident unfolded last night in Ratcha Buri as a 46 year old factory department head was found dead, sitting against a chair next to his house, with a .22 calibre automatic pistol in his lap. The initial investigation suggests the man, Pongphan, who had recently recovered from Covid-19 and suffered from multiple illnesses, including diabetes, hypertension, and cerebral…
- Thailand News
Rayong solar company lays off 800 amid financial woes
A prominent solar cell manufacturing company in Rayong has been forced to lay off a significant number of employees, totalling 800, affecting both day and night shifts. The layoffs come as a consequence of several months of financial strain where the company had deferred paying 75% of wages. The Chon Buri-Rayong News Page today reported that the company decided to…
- Thailand News
Frenchman’s financial woes and marijuana meltdown led to knife-wielding drama
A distressed Frenchman, grappling with financial turmoil and the aftermath of marijuana use, brandished a knife in a threatening manner on December 28. The drama reached a boiling point in the picturesque Bang Saray sub-district, Sattahip, as the Sattahip Police swooped in to defuse the intense situation. At 4.30pm, Sattahip Police, accompanied by emergency responders, responded swiftly to a distress…
- Thailand News
Thai rice purity at risk due to popularity of foreign strains
Thai rice finds itself in a perilous position as the purity of its strains is at risk due to the rising popularity of foreign rice strains smuggled from neighbouring countries, warns the nation’s agriculture minister, Thammanat Prompow. Speaking at the annual Thai rice conference organised by the Thai Rice Foundation Under Royal Patronage, Thammanat expressed his worries about the future…
- Economy News
Thai tourism faces strain from sluggish Chinese, Japanese economies
Tourism operators in Thailand are facing significant challenges due to the sluggish economies of China and Japan and an uneven recovery in Thai tourism that benefits larger operators. A recent survey by the Thai Hotels Association (THA) and the Bank of Thailand revealed that 29% of three-star or lower-rated hotels have been severely impacted by interest rate hikes and may…
- Thailand News
Elderly allowance scheme raises financial accessibility concerns in Thailand
In a bid to ease the strain on government finances, a transition from universal welfare payments to a stringent elderly allowance scheme has been initiated. This shift has been met with substantiated criticism, although the authorities maintain the necessity of the move, justifying it as a responsive adaptation to cope with Thailand’s rapidly ageing populace. In yesterday’s internal meeting of…
- Business News
Thailand’s smartphone market holds promise despite economic strain
In these difficult financial times, Thailand’s smartphone market still carries incredible potential for device makers, particularly in high-end models, despite reduced support of handset subsidies by mobile operators, according to Oppo, a leading Chinese smartphone maker. With a market value exceeding 100 billion baht, Thailand’s smartphone market is regarded as a gem within Southeast Asia. The Senior Executive Vice-President at…
- Economy News
Thailand’s Central Bank will act to restrain soaring baht
The rapidly strengthening Thai baht is proving a worry for Thailand’s Central Bank, which has said it’s ready to act to limit its rise, given the already damaged economy. The baht’s climb, strengthening nearly 2% against the dollar in the past month alone, makes it one of the highest climbing currencies in Asia. Its recent rise is being attributed to…
- Phuket News
Phuket man’s suicide now seen likely to have been result of strained finances
MAI KHAO, PHUKET: Last week’s suicide of well-known businessman Mann “Benz Phuket” Suksawee now seems increasingly likely to have been the result of strained finances. Police were informed of the apparent suicide by local residents at about 10am on Thursday. Mr Mann, whose official residence is listed as downtown Haad Yai, was the manager of the Sanguan Panich group of…
- Business News
Thai woman’s 307,000 baht debt sparks social media advice
A woman’s struggle with debt totalling 307,000 baht recently gained significant attention on social media. Earning 22,000 baht per month, she allocates 6,000 baht for rent and 3,000 baht for motorcycle loan payments. The debt, arising from six unsecured loans including credit cards and personal loans, spans multiple financial institutions. Details on monthly instalments, interest rates, or the status of…
- Thailand News
Dealership owner arrested for selling cars with outstanding finance
A car dealership owner in Prawet has been arrested for selling second-hand cars with outstanding finance which lacked registration books, causing damages worth 15 to 20 million baht. Over 40 victims reported the scam to the Prawet Police Station. Today, July 2, Police Lieutenant General Thiti Saengsawang, along with other senior officers, ordered the arrest of the dealership owner, 32…
- Thailand video news
Thailand Video News | Thailand resumes sending farm workers to Israel amid local production crisis, Wikileaks founder Julian Assange passes through Thailand on path to freedom
On Thailand Video News, Alex talks about the latest occurrences happening locally and globally. Thailand resumes sending agriculture workers to Israel during a local production crisis. Wikileaks founder Julian Assange may stopover in Thailand on his way to freedom in Australia. A Thai woman has escaped arrest with the assistance of her boyfriend, only to be apprehended again in Rayong…
- Thailand News
Defence ministry clarifies salary guidelines
To quell public outrage, the Defence Ministry unveiled comprehensive guidelines detailing what can and cannot be deducted from conscripts’ salaries. The move follows a recent scandal involving dubious salary deductions by the 22nd Logistics and Supports Battalion. The guidelines, released on the ministry’s website today, clarify the permissible deductions from the 11,000 baht monthly salary of conscripts. This announcement comes…
- Thailand video news
Thailand Video News | Seafood restaurant owner’s son surrenders after fatal shooting, mushroom curry poisoning in Yasothon kills one
ln today’s edition of Thailand Video News, Alex talks about a seafood restaurant owner’s son who has turned himself in after shooting two employees. A mushroom curry in Yasothon has caused severe food poisoning, killing one, and Syn Man Kong Insurance Public Company has lost a 40 billion baht lawsuit. Monkeys in Lopburi have escaped their enclosure and wrought havoc…
- Thailand News
Insurance giant loses 40 billion baht Covid lawsuit
The Central Administrative Court dismissed a colossal 40 billion baht lawsuit against the Office of Insurance Commission, filed by Syn Mun Kong Insurance Public Company. This landmark case revolved around the commission’s prohibition on cancelling the company’s controversial Covid 2 in 1 (jer-jai-job) insurance policies, sold to approximately one million customers at the peak of the Covid-19 pandemic in 2021.…
- Thailand News
PM Srettha blasts army over unapproved salary deductions
The Royal Thai Army (RTA) has been caught in a controversy following revelations about questionable salary deductions from conscripts, including a 500 baht fee for cleaning a septic tank. However, the RTA claims these documents were never approved or implemented. Colonel Richa Suksuwanon, Deputy Spokesperson for the RTA, addressed the uproar yesterday. He clarified that the leaked document detailing the deductions…
- Thailand News
Controversial 500 baht fee on conscripts scrapped after backlash
A recent directive has cancelled a controversial 500 baht fee for septic tank maintenance levied on conscripts after widespread confusion and criticism. The decision follows revelations that conscripts who earn over 10,000 baht monthly, were left with only a few thousand baht after various deductions. The Facebook page E-Sor Crushing News 3 posted details yesterday of the expenses for new conscripts…
- Thailand News
Thailand extends control on 57 items to protect consumers
Government spokesperson Phumtham Wechayachai announced the extension of control over 57 products and services for another year to regulate essential goods and services for consumers, effective from today, June 12 onwards. The deputy prime minister and minister of commerce reported the decision following a meeting of the Central Committee on Prices of Goods and Services (CCP) held yesterday. The meeting…
- Thailand News
Ratchaburi farmers back new fertiliser project to cut costs
Farmers in Ratchaburi are optimistic about the Half-and-Half Fertiliser project, designed to alleviate financial strain and reduce production costs for rice farmers. The project, approved by the Ministry of Agriculture and Cooperatives, aims to support farmers planting rice in the 2024 to 2025 production year by providing 50 kilogrammes of fertiliser per rai, with a cap of 20 rai per…
- Thailand News
Chicken vendors ‘squawk’ over soaring prices in South Thailand
Vendors in Nakhon Si Thammarat raised concerns about the sudden and unreasonable surge in chicken prices, questioning the silence and inaction of the Ministry of Commerce. The price hike has led to a ripple effect, impacting various sectors and consumers alike and mirrors a trend of rising prices nationwide. The recent spike in prices of fresh food products and raw…
- Thailand News
Transport company accused of 10 million baht unpaid wages
A prominent transport company in Thailand has come under fire for allegedly failing to pay over 100 subcontracted delivery drivers, with total unpaid wages amounting to more than 10 million baht. Some affected drivers, who had recently bought vehicles to undertake delivery work, have had to return them due to the financial strain from the unpaid wages. Today, June 5,…
- Retire in Thailand
The trend of early retirement in Thailand
As the global employment landscape persistently evolves, the subject of early retirement is progressively garnering attention in the digital television industry of Thailand. This trend is largely steered by a complex blend of economic circumstances, competition, and strategic business planning. In the year 2017, an encouraging resurgence was witnessed within the advertising section, displaying a 10% advancement in total advertisement…
- Automotive
The future of fuel in Thailand: Innovating for sustainability
Thailand is undergoing a pivotal transformation in energy production, transitioning from fossil fuels to innovative and sustainable alternatives. Over the past four decades, the energy landscape has seen considerable evolution, featuring significant measures such as the adoption of ethanol and biodiesel blends. These initiatives have established Thailand as a regional leader in renewable energy. Exploring alternative fuel options Biofuels Biofuels…
- Education
Factors influencing literacy rates in Thailand
The need for continuous learning and innovative teaching methods has never been more vital. This is particularly true in Thailand, where the focus on building engineering skill self-efficacy among students is gaining momentum. The influence of structural factors on the self-efficacy of engineering skills is a topic that’s sparking interest. A recent study involving a survey of over 1300 engineering…
- Thailand video news
Thailand Video News | Missing Korean’s Remains Found In Reservoir, British Tourist Arrested in Thailand Over Alleged Fake One-Star Reviews
In this Thailand video news, Jay covers the diverse stories from across the country. Beginning with a news from Chon Buri, a grim revelation shook the community as the suspected remains of a missing Korean man were unearthed from the murky depths of a reservoir. Authorities swiftly apprehended a British tourist in connection with the incident, his alleged involvement sending…
- Retire in Thailand
Top tips on staying mentally healthy during retirement
Retirement signifies a profound shift in life, often approached with both anticipation and apprehension. It is a phase when the demands of a lifelong career diminish, affording opportunities for relaxation and personal endeavours. Nonetheless, this period of liberation can also pose challenges to one’s mental health, highlighting the importance of ensuring mental health during retirement for optimising these latter years.…
