- Business News
Banking on gains: Thai banks ‘interest’ed in profit uptick for 2024
Thai banking sector profits have seen a modest uptick for the first nine months of 2024, buoyed by rising interest and fee incomes. Yet, the backdrop of swirling economic uncertainties has kept banks on their toes, continuing to stash away hefty reserves for potential loan losses. The pack of 10 Stock Exchange of Thailand (SET) listed banks and their subsidiaries…
- Thailand News
Port progress ‘pier’-fectly on track: Laem Chabang sailing ahead
Laem Chabang Port’s third development phase is sailing ahead, now reaching around 45% completion, with Pier F poised to debut by late 2027, Deputy Transport Minister Manaporn Charoensri confirmed. This ambitious project forms a cornerstone of the Eastern Economic Corridor (EEC) Development Plan and is among the top 15 infrastructure priorities under the Paetongtarn Shinawatra administration. However, the latest report…
- Thailand News
Sky’s the limit: Mysterious pillar ‘clouds’ over Ubon Ratchathani
A mysterious pillar, or column, rising from rainbow-hued clouds has enchanted the skies above Ubon Ratchathani, capturing the attention and imaginations of residents alike. The striking phenomenon, immortalised in a photograph shared on the Facebook page มีด่าน à¸à¸¸à¸šà¸¥à¸£à¸²à¸Šà¸˜à¸²à¸™à¸µ, sparked a flurry of intrigue and speculation about its origins. “What’s this pillar? Yesterday, October 21, at 5.35pm on Ubon Khueang Nai…
- Chiang Mai News
Chiang Mai cleans up: Sweeping success after the flood
Local government officials in Chiang Mai are shouting from the rooftops about their stellar post-flood recovery, claiming they’ve already swept through 90% of the streets and cleared 40% of the waste. Governor Nirat Pongsitthithaworn couldn’t be prouder, crediting a dynamic duo effort between the public and private sectors for tackling the flooded chaos with gusto. With the bustling high season…
- Thailand News
Thailand’s smog showdown: Clearing the air with a bold 30% cut
In a bid to wipe the smog off the map, Thailand’s Pollution Control Department (PCD) is gearing up for a 2024 blitz on air pollution, aiming to slash hotspots by a daring 30%. PCD Chief Preeyaporn Suwanaked held court at a buzzing press conference, revealing the National Environment Board’s stamp of approval on an ambitious blueprint to combat haze. This…
- Thailand News
Pattaya Beach cops crack down on nighttime mischief
In a dramatic crackdown on mischief by moonlight, a battalion of law enforcement officers swept Pattaya Beach last night. This bold move came hot on the heels of a shocking knife incident involving a rebellious beach chair vendor who went rogue on a city official after being slapped with a warning for peddling booze and kratom juice on the sands…
- Pattaya News
Pattaya’s fast and furious: Delivery dashed in ‘brake’-neck collision
A terrifying smash involving a car and two motorcycles rocked Pattaya early this morning, leaving a food delivery rider and another motorcyclist with horrific injuries. The drama unfolded at around 3.06am today, October 22, on Soi Sukhumvit Pattaya 53, also known as Soi Noen Plub Wan. Emergency services from the Sawang Boriboon Thammasathan Rescue Centre and reporters rushed to the…
- Thailand News
Sisaket beauty sets Facebook afire with search for Mr Right criteria
An open audition for love has captivated the virtual world as one Sisaket beauty took to Facebook Live, laying down eight non-negotiable criteria in her hunt for Mr Right. Despite overwhelming social media buzz, Sayamon Unkam, known affectionately as Alice, is resolutely sticking to her structured love list, having learned the lessons of heartbreak by simply following her heart. Gone…
- Business News
Thai SMEs boxed in by debt and dwindling demand
Small and medium-sized enterprises (SMEs) in Thailand are on the ropes, grappling with crippling debt and plummeting sales as the country’s economic engine sputters, warns the Federation of Thai Industries (FTI). The financial plight of these crucial businesses is worsening, says the FTI, with government support measures arriving too little, too late. Yet, the federation, the voice of Thailand’s SMEs,…
- Business News
Banking stocks set to cash in as BoT preps for another cut
Stock market sleuths are buzzing as banking stocks look set to surge with global interest rates on the slide. All eyes are on the Bank of Thailand (BoT), expected to slash its policy rate again this December. Last week’s unexpected chop of 25 basis points to 2.25% marked the first cut in more than four years, echoing similar moves by…
- Business News
Bangkok gets a taste of Seoul: Korean food fest stirs up a culinary coup
In a culinary coup, South Korea’s Ministry of Trade, Industry and Energy teamed up with Kotra to dish out Seoul Food in Bangkok 2024, in the nation’s biggest food extravaganza yet. This mouth-watering event isn’t just about savouring the flavours, it’s a powerhouse meeting for food bigwigs eager to cook up new business deals, starting with Bangkok before taking the…
- Thailand News
Time’s up: House Speaker warns of ticking tensions in Tak Bai turmoil
House Speaker Wan Muhamad Noor Matha sounded the alarm over the simmering unrest in Thailand’s volatile Deep South. With the clock ticking down to the looming deadline for the 2004 Tak Bai massacre case, police are under pressure to seize suspects or risk letting them slip away forever. Wan Muhamad has thrown down the gauntlet, insisting security forces must snag…
- Thailand News
Scam cable: Mukdahan officials cut off illegal Internet link to Laos
Mukdahan officials have blown the lid off a daring cross-border scam operation, dismantling illegal Internet cables stretching from Thailand into Laos across the Second Thai-Lao Friendship Bridge. In a move straight out of a thriller, these covert cables, buried around 5 kilometres deep into Laos, were reportedly fuelling deceitful scam rings, making Thai victims believe they were dealing with local…
- Thailand News
Labour of love: Thailand scrambles to clean up its fishy business
The Labour Ministry of Thailand is racing against the clock to scrub fishmeal, fish oil, and animal feed off the notorious US 2024 List of Goods Produced by Child Labour or Forced Labour. The urgency comes straight from the top, with Labour Minister Phiphat Ratchakitprakarn cracking the whip for swift action to safeguard Thailand’s international reputation. As Labour Ministry spokesperson…
- Phuket News
On pause: Chulalongkorn Day shuts down Phuket for royal homage
Expect a full-scale government shutdown across Phuket on Wednesday as the island joins the nation in the annual celebration of Chulalongkorn Day. Chulalongkorn Day is a national public holiday dedicated to the memory of King Chulalongkorn, also known as Rama V. This beloved monarch of the Chakri dynasty celebrated for his reformist zeal, passed away in 1910, but his legacy…
- Business News
Economic waters rise: Thai business sector flooded with challenges
The business sector is facing a stormy crisis this monsoon season as severe flooding batters key economic regions across Thailand. Provinces like Chiang Mai and Chiang Rai have been hit hard, with water levels reaching devastating heights—marking the first time in decades that such catastrophic flooding has occurred. Officials are closely monitoring the Chao Phraya River, issuing early warnings in…
- Pattaya News
Norwegian tragedy: Expat’s final Fjorday in Pattaya ends in horror
A Norwegian expatriate was discovered dead in harrowing circumstances in the early hours of yesterday morning in his Pattaya hotel room after allegedly inflicting horrific injuries upon himself. Shortly after 4am, yesterday, October 20, the Sawang Boriboon Rescue Centre received a frantic alert about a foreigner’s disturbing behaviour and self-harm in a second-floor room on Soi 14. Upon arrival, local…
- Business News
Brick by brick: ONEAM builds investor excitement with TIREIT launch
ONE Asset Management (ONEAM) is digging foundations in the investment world, launching the Thai Industrial Real Estate Investment Trust (TIREIT) for investors seeking fresh opportunities amidst a shifting financial landscape. With high interest rates finally shifting into the rear-view mirror, savvy investors are turning to alternative assets like TIREIT to spread their risk. Chief executive Pote Harinasuta has revealed that…
- Business News
KBank ‘assets’ itself with new ventures amid rising NPLs
Kasikornbank (KBank) is shaking things up and eyeing new profits by tackling its bad assets head-on via joint venture asset management companies (JV-AMCs), as non-performing loans (NPLs) climb higher across the banking scene. Rungruang Sukkirdkijpiboon, KBank’s co-President, spilt the beans that the bank is launching a fresh JV-AMC in partnership with Bangkok Commercial Asset Management (BAM), adding to its current…
- Politics News
Charting new waters: Pheu Thai seeks to ‘amend’ fences with coalition partners
In a political drama unfolding at the heart of Thailand, the ruling Pheu Thai Party admitted it must mend fences with coalition allies to forge ahead with its ambitious blueprint for rewriting the nation’s charter. This revelation came courtesy of PM’s right-hand man, Somkid Chueakong, during the poignant commemoration of the October 14, 1973, uprising on Ratchadamnoen Klang Avenue. Somkid,…
- Business News
Kao Thailand celebrates 60 years of clean streaks, happy households
Kao Industrial (Thailand) Co., Ltd., is rolling out the red carpet for its 60th anniversary, celebrating six decades of serving Thai households with beloved brands like Attack, Magiclean, Haiter, Curel, and Laurier. As the first overseas arm of Japan’s iconic Kao Corporation, established in 1964, Kao Thailand has been banging the drum for hygiene & protection while upping the ante…
- Business News
Fuel’s gold: Bangchak to fry high with sustainable jet fuel from cooking oil
Bangchak Corporation, one of the big dogs on the Stock Exchange of Thailand (SET), is turbocharging its efforts to collect used cooking oil, aiming to transform it into sustainable jet fuel (SAF) by next year—a first-class upgrade for greener skies. BSGF, Bangchak’s SAF-producing brainchild, has penned a memorandum of understanding (MoU) with New Biodiesel to scoop up used cooking oil…
- Thailand News
Baby boom or bust: Labour Ministry in child welfare cash boost
In a bid to boost birth rates and tackle looming labour shortages, the Labour Ministry is gearing up to increase the monthly child welfare support for social security subscribers in Thailand from January next year. Labour Minister Phiphat Ratchakitprakarn has revealed plans to make family life a little more financially feasible for the nation. Currently, if you’re covered under sections…
- Thailand News
Croc-and-awe: Residents splash over Ping River crocodile sighting
Residents of Chom Thong, Chiang Mai, are in a right flap after a suspected crocodile was spotted having a lazy float in the Ping River. The provincial fisheries department quickly jumped into action, sending out snaps of mysterious footprints to the experts for a gander. Jesada Thangmanee, the district’s top fish wrangler, jumped on the croco-drama tipped off by buzzing…
- Business News
Thai execs ‘gen’-erate buzz, placing big bets on AI for success
In a bold business move, executives in Thailand are betting big on generative artificial intelligence (GenAI), catapulting it to the top of their corporate agendas, reveals a sizzling study by global CRM giant Salesforce. Amidst economic turbulence, Siddharth Rastogi, Salesforce’s vice-president for the ASEAN, insists it will work. “We’ve got the magic mix for AI adoption, thanks to the nation’s…
- Thailand News
Blast from the past: Home rebuilds reignited after firework disaster
After more than a year of frustrating delays, construction has finally kicked off again on new homes for victims of last year’s catastrophic firework warehouse explosion near Muno Market. On July 29, 2023, the town was rocked by the devastating blast, which tragically claimed 11 lives, left 389 injured, and wreaked havoc on 649 houses as well as three schools,…
- Thailand News
PM Paetongtarn under fire for media freedom feud
Prolific petitioner Ruangkrai Leekitwattana has once again targeted Prime Minister Paetongtarn Shinawatra with a fresh complaint, charging her with an alleged assault on media freedom—a move he claims could topple her from power. Today, October 15, Ruangkrai announced that he’s officially lodged a request with the Election Commission (EC), urging a probe into PM Paetongtarn’s supposedly controversial chat with a…
- Thailand News
Paws and effect: RTA to unleash 64 ‘unfit’ service dogs in auction
The Royal Thai Army’s Veterinary & Remount Department is rolling out the red carpet for an unusual auction tomorrow in the heart of Nakhon Ratchasima’s Pak Chong district. Some 64 furry recruits are up for grabs, having failed to cut elite service dogs. On the auction block are two prestigious breeds: German Shepherds and Belgian Malinois. Prospective parents can choose…
- Thailand News
Dancing with danger: Burlesque star’s dengue drama in Thailand
In a terrifying testimony, a US burlesque dancer backpacking with her husband revealed her horrifying brush with death after contracting dengue fever while exploring Thailand. Paisley Peach, a globetrotter from Boulder, Colorado, alongside 31 year old husband Julian De Prince, faced their worst fears when a ferocious swarm of mosquitoes struck during their dream adventure in Southeast Asia. The couple’s…
- Phuket News
Phuket couple face charges after daughter suffers fractured skull
A couple in Phuket is facing serious charges after their two year old daughter was discovered unconscious with a fractured skull, the result of a horrific beating. Investigating officers revealed that both parents tested positive for drugs, adding to the grim nature of this tragic case. A concerned neighbour, alarmed by the ongoing abuse, called emergency services to the family’s…
