- Thailand News
Two busts in Narathiwat yielded over 38 million baht worth of drugs
Narathiwat Police arrested two major drug dealers and seized a substantial haul of methamphetamine pills, crystal methamphetamine, and assets amounting to upwards of 38 million baht. A press conference was held at the Provincial Police Headquarters in Narathiwat to reveal the details of the operation. The event was attended by the Governor of Narathiwat, Tra Koon Thotharam. The two arrested individuals were…
- Business News
Boeing acquires Spirit AeroSystems in US$4.7bn all-stock deal
Boeing announced the acquisition of its troubled supplier, Spirit AeroSystems, in an all-stock deal valued at US$4.7 billion, following extensive negotiations. This move comes as Boeing seeks to address significant safety and regulatory challenges affecting both companies. The total value of the transaction, including Spirit’s last reported net debt, is approximately US$8.3 billion. According to Boeing, each share of Spirit…
- Thailand News
Spirited pilgrimage: Tourists flock to Kham Chanod for blessings
Tourists flocked to the sacred island of Kham Chanod to honour the revered spirits of Pu Srisuttho and Sriprathumma, driven by unwavering faith and the hope for good fortune. The island, located in Ban Dung district, Udon Thani province, saw an influx of visitors yesterday, many of whom were intrigued by the mysterious appearance of four frogs in the holy…
- Thailand News
Thap Lan park risks losing 265,286 rai to land reform project
Thap Lan National Park faces the potential loss of 265,286 rai of forest land due to an agricultural land reform project, according to Chaiwat Limlikhitaksorn, National Park Office Director. Concerned about this significant reduction, he has called on the public to oppose the government’s move through an online poll organised by the Department of National Parks, Wildlife and Plant Conservation…
- Thailand News
Ramkhamhaeng station reopens after brief fire closure
Ramkhamhaeng Station on the Airport Rail Link has reopened for passengers after a brief closure due to a fire in a nearby shop early yesterday. The airport train operator confirmed the resumption of normal services at the station. A fire broke out around 4.30am in a shop adjacent to one of the station’s entry escalators, prompting the temporary closure for…
- Thailand News
Chan wins Pathum Thani presidency by narrow margin
Chan Puangpetch, supported by the ruling Pheu Thai Party, secured the presidency of the Pathum Thani Provincial Administrative Organisation (PAO) yesterday. In a closely contested election, Chan garnered 203,032 votes, edging out Police Lieutenant General Kamronwit Toopkrajang, who received 201,212 votes. The narrow victory margin of 1,820 votes marks a comeback for Chan, who had previously lost the seat to…
- Business News
Credit agencies highlight Thailand’s EEC as key to industrial growth
Credit rating agencies underscore the significance of Thailand’s Eastern Economic Corridor (EEC) project in advancing the nation’s industrial sector and boosting competitiveness, according to the Public Debt Management Office (PDMO). The public debt advisor for PDMO, Jindarat Viriyataveekul, indicated that credit rating agencies have been closely observing the EEC project’s progress for years due to its pivotal role in shaping…
- Business News
Tuna boom: Thai exports make a splash with double-digit surge
Thai exports of canned tuna have experienced a notable surge, increasing by over 13% in the first five months of this year. According to the Director-General of the Trade Policy and Strategy Office (TPSO), Poonpong Naiyanapakorn, the value of these exports reached US$979 million during this period, reflecting a 13.4% year-on-year growth. Thailand exported 221,092 tonnes of canned tuna this…
- Business News
Global bond funds attract 88 billion baht, yield 0.50% return
Global bond funds have seen significant popularity over the past 18 months, drawing investments totalling 88 billion baht and yielding an average return of 0.50% for the year to date, according to Morningstar Research (Thailand). Morningstar stated that global bond funds are capable of producing positive average returns this year, although these returns are modest in comparison to the US…
