- Business News
Poll position: US election could rattle global markets, says ASPS
Asia Plus Securities (ASPS) is urging investors to pay close attention to the forthcoming US election, predicting it is set to send shockwaves through global markets. With expectations of heightened volatility, ASPS has delivered a stern warning: it’s time to back stocks boasting low volatility and stellar third-quarter performances for 2024. Insider tips from ASPS suggest the starched-collar bigwigs at…
- Thailand News
Labour pains: Committee demands rethink on export strategy
The House Committee on Foreign Affairs slammed the Ministry of Labour, demanding an urgent rethink of its labour export strategy. The committee is calling for a shift away from conflict-ridden hotspots like Israel, in light of last week’s heartbreaking events where a Hezbollah rocket attack claimed the lives of four Thai workers and left another injured. Chonticha Jangrew, a prominent…
- Business News
Turning up the Thai-mometer: Thailand and Russia in heated talks for free trade pact
Thailand is turning up the heat on trade negotiations with Russia, as both nations look to seal a dynamic free trade agreement with the Eurasian Economic Union (EAEU). Recent high-stakes discussions at the Commerce Ministry between Thailand’s Commerce Minister, Pichai Naripthaphan, and Russian Deputy Minister of Agriculture, Sergey Levin, underscored a shared ambition to boost trade and investment. The spotlight…
- Pattaya News
Hot ink, cool runs: Pattaya set for tattoo parades, bikini escapades
Anticipation is bubbling over in Pattaya as the city prepares to host not one, but two sensational events that promise to turn up the heat this weekend: the Pattaya International Tattoo Festival and the eagerly awaited Pattaya International Bikini Beach Race 2024. Kicking off the festivities, Central Marina is poised to become the epicentre of creativity with the tattoo festival…
- Business News
Thailand shifts gears to keep diesel costs cruising under control
In a bold move to soothe the sting at the forecourts, the Oil Fuel Fund Office (OFFO) unveiled its plan to keep Thailand’s diesel prices under a breezy 33 baht per litre, even though the current subsidy scheme is revving to a halt. This decision steers from an unexpected upturn in OFFO’s finances, courtesy of plummeting global oil prices. Fiscal…
- Thailand News
KO tragedy: British boxing hopeful’s final round in Pattaya hotel
A young British boxing hopeful was found lifeless at the swanky Vogue Hotel in Pattaya, Thailand. The grim discovery of Joshua Goldstone in the early hours of Wednesday, October 30, has left friends and fans reeling, as the boxer’s Australian mate is battling for his life amidst the scandalous surroundings of a potential drug overdose. The 21 year old fighter’s…
- Thailand News
Karon police ‘taxi’ the bull by the horns: No more illegal rides
Karon police have hit back at online accusations claiming they’ve been lax in tackling illegal taxi operations. In a bold announcement, they revealed that a whopping 208 illegal taxis have been stopped and seized since the start of July. In a statement released earlier yesterday, October 31, Karon Police reassured the public that their officers have been conducting checkpoints at…
- Thailand News
Thailand’s BRICS dreams: Up in the air but not grounded yet
Thailand’s bid for membership in the influential BRICS international organisation remains up in the air, according to the Ministry of Foreign Affairs (MFA). The Government of Thailand is currently weighing the economic implications of joining this powerful bloc, with a decision pending in the House. BRICS, which boasts heavyweights like Brazil, Russia, India, China, South Africa, the UAE, Iran, Egypt,…
- Thailand News
Thai gold sparkles up: Price hike ignites buyer frenzy
Thailand’s gold market is glittering even brighter today, as prices soar once again, lighting a fire under eager buyers. The Gold Traders Association (GTA) reported a shiny new high, with gold jewellery prices jumping by 100 baht since yesterday, October 30, now shimmering at 45,000 baht per baht weight. Today’s morning memo from the GTA at 9.10am set the domestic…
- Business News
Gogolook ‘whoscalls’ the shots: Thai HQ set to scamper into anti-scam market
In a move set to shake up Southeast Asia, Gogolook, the brains behind the Whoscall app, unveiled a brand-new headquarters in Thailand. This bold step is part of the tech giant’s grand plan to dominate the burgeoning global anti-scam arena, expected to skyrocket to a whopping US$129 billion by 2029. Jeff Kuo, Gogolook’s co-founder and CEO, spilt the beans on…
- Business News
BoT inflates hopes: Targets snug 1-3% to turbo-charge economy
In a bold move to turbo-charge Thailand’s economic engine, the Bank of Thailand (BoT) pegged its hopes on keeping inflation between a snug 1% and 3%. The aim is to shift the economy into top gear, with deputy governor Piti Disyatat revealing at the Monetary Policy Forum that they’re targeting headline inflation of 1.2% by 2025. That’s a noticeable bump…
- Business News
HSBC Thailand is the big cheese, claims No.1 bank title again
HSBC Thailand once again has proven itself the big cheese of banking, clinching the Best International Bank in Thailand award for the fourth year running from both Euromoney and FinanceAsia. This coveted accolade reflects the bank’s top-notch financial prowess and its solid standing in the Thai market. The accolades don’t stop at Thailand’s borders! HSBC’s domination extends throughout the ASEAN…
- Thailand News
Turbocharged cops shift gears to bust Thai luxury car scam (video)
In a story more fitting for a Jason Statham heist movie, police finally cracked a high-rolling car scam, seizing a £6.5 million (285 million baht) stash of stolen luxury motors, including a jaw-dropping £220,000 (9.65 million baht) Lamborghini Huracan Spyder. These wheels were fraudulently whisked away from Britain and shipped to Thailand eight years ago but now they’re coming home,…
- Phuket News
Phuket’s courtroom prescription: Legal drama escalates in Swiss assault dismissal
A gripping legal battle is heating up in Phuket as the lawyer representing a woman doctor challenges the court’s shocking decision to dismiss her assault case against a Swiss man. Dr Thandao Chandam claims she was kicked in the back by 45 year old Urs Fehr, also known as David, while she sat outside his villa on Yamu Beach in…
- Pattaya News
Dead body found on beach sends shockwaves through Pattaya
A shocking discovery has sent shockwaves through the Pattaya community after a body was washed up on Dongtan Beach in Jomtien. At precisely 9.46am yesterday, October 30, police received a distress call that would lead to a grim scene. Pattaya police wasted no time responding, and they were joined by rescue teams from the Sawang Boriboon Thamasathan Foundation. Upon arrival,…
- Business News
Central Pattana unwraps festive cheer with finn-tastic partnership
Central Pattana Plc (CPN), Thailand’s retail powerhouse, is teaming up with a host of partners including the Tourism Authority of Thailand (TAT), the Embassy of Finland, Sculptra by Galderma, and Finnair to launch the extravagant The World’s Great Celebration 2025. With a whopping 700 million baht investment, this initiative aims to give Thailand’s economy a festive boost and reinforce its…
- Thailand News
Gold rush fever: Prices surge, Thai buyers told to act fast
In a dazzling turn of events, gold prices shot up today, leaving potential buyers scrambling to make their move as the Gold Traders Association (GTA) reveals hefty increases. Gold ornaments are now flaunting a price tag of 44,800 baht per baht weight, leaping up by a solid 350 baht overnight. According to the GTA, bullion gold with a 96.5% purity…
- Thailand News
Thailand cash splash: Foreign tourists send Visa spending soaring
Thailand is basking in a financial boom, with foreign tourists spending a staggering 90% more on Visa credit cards this year compared to the pre-pandemic high of 2019. While Thai travellers are tightening their purse strings amid a sluggish economy, foreigners can’t seem to get enough of the Land of Smiles. Visa Thailand’s country manager, Punnamas Vichitkulwongsa, revealed that Thailand…
- Business News
Cloud nine: Equinix boost set to reign over Thailand’s data skies
American tech giant and cloud extraordinaire Equinix is making waves in Thailand with a colossal 16 billion baht investment. This financial injection over the next decade is set to supercharge Thailand’s data centre infrastructure, targeting the surging demand from the bustling CLMVT region, according to Thailand’s Board of Investment (BoI). For those not in the know, the CLMVT region comprises…
- Business News
Starbucks stirs up Thai market with a ‘latte’ new stores brewing
Hold onto your coffee cups, folks! Starbucks Thailand is brewing up a storm with plans to roll out 30 new stores annually, even as the country’s coffee market bubbles with fierce competition. This caffeine-fuelled expansion underscores the coffee giant’s faith in Thailand’s untapped potential in Southeast Asia. Spearheading this bold venture is Starbucks Thailand’s Managing Director, Nednapa Srisamai, who’s unfazed…
- Thailand News
Phuket at the helm of Asia’s Urban Act initiative
Phuket has been handpicked as the focal point for the Urban Act initiative, an ambitious drive set to spearhead low-carbon, resilient urban growth across the Asia-Pacific. The announcement was unveiled at a meeting in Phuket Provincial Hall with Governor Sophon Suwannarat and Vice Governor Ronnarong Tipsiri among the key players present. The Urban Act Project, which kicked off in April…
- Thailand News
British Airways spreads its wings: Gatwick-Bangkok flights back on
In a move that’s set to soar to new heights, British Airways relaunched its direct flights from London Gatwick to the bustling city of Bangkok. The inaugural flight, BA 2231, took to the skies from Gatwick, yesterday, October 29, making a graceful touchdown at Suvarnabhumi Internationa Airport this afternoon, marking a triumphant return to the Land of Smiles. Tourism Authority…
- Thailand News
Phuket’s fundraising campaign hits full beam for cancer care centre
Phuket is pulling out all the stops in a monumental bid to raise a whopping 290 million baht. The cause? Building a cutting-edge cancer care centre at Vachira Phuket Hospital. This essential government-run institution is on a mission to boost cancer treatment services for Phuket’s residents and those from neighbouring provinces. Phuket’s top brass, Governor Sophon Suwannarat, announced a traditional…
- Thailand News
Nine injured in van and truck collision in Phuket
A dramatic head-on collision rocked Ao Po Pier Road in Pa Khlok, Phuket as a van and a small truck collided with a bang, leaving nine people nursing injuries. The crash unfolded around 5.30pm, yesterday, October 29, near Moo 9, prompting an immediate and swift reaction from local police and emergency crews. On the scene, rescue teams found two Thai…
- Thailand News
Battle at Jomtien Beach: Pattaya teen left reeling in sandy scuffle
In the early hours of today, chaos descended upon Jomtien Beach in Pattaya as a vicious brawl broke out, leaving one teenager with horrific injuries. At precisely 1.46am, today, October 30, Pattaya police were urgently summoned to the scene of mayhem along Jomtien Beach Road, near Jomtien Soi 12, where a gang-related altercation involving scores of youths had erupted. Upon…
- Pattaya News
Pattaya shooting: Gunman opens fire on revellers
A terrifying shooting incident early this morning has left both locals and tourists reeling in Pattaya City. The drama unfolded at 4.06am, today, October 30, on Petchtrakul Road, right outside the Moo Krata Baek Kap Din Sam restaurant in the Nongprue subdistrict. Panic set in as police received urgent calls about the shocking event, prompting the deputy chief of Pattaya…
- Business News
Thai export extravaganza: Gold rush as figures set at US$290bn
In a dazzling economic twist, Thai exports are on track to shatter the 2% growth target, soaring to an unprecedented US$290 billion this year. Poonpong Naiyanapakorn, the Trade Policy and Strategy Office (TPSO) chief, credits the surge to booming demand for all things agricultural, food-related, and electronic, thanks to the economic bounce-back in powerhouses like the United States and European…
- Bangkok News
Ex-Russian mercenary hits a wall of ammunition trouble in Bangkok
An ex-Russian war dog found himself in the clutches of Bangkok police after a stash of ammunition was discovered in his swanky condo, along with explosive threats to take out rivals. Immigration police officers swooped on 25 year old Russian national, Milo Yanovich, at his Makkasan-area pad in the Ratchathewi district yesterday, October 28. Police Major General Phanthana Nuchanart, deputy…
- Business News
Bitcoin breaks the bank: Crypto leap sends shockwaves through markets
In a dazzling leap forward, Bitcoin smashed through the US$71,000 barrier, sending shockwaves through the financial world. This crypto milestone, unmatched since June, comes on the heels of hefty inflows into exchange-traded funds and rampant election speculation. As the clock ticked past 10.45am in Singapore, the digital asset darling rocketed over 2%, peaking at an impressive US$71,310. Not to be…
- Business News
Bangkok Bank’s virtual gamble: A licence to thrill in digital banking
In a bold move set to shake up the banking scene, Bangkok Bank (BBL) is betting big on bagging a coveted virtual bank licence, boasting the might of its powerhouse partners as a strategic edge. The bank is convinced that its dream team will help it emerge victorious in the bustling virtual banking battleground. Kobsak Pootrakool, BBL’s senior executive vice-president,…
