News
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Thai bonds surge 5.8% amid elevated corporate debenture issuance
Thai bond valuations experienced a notable increase of 5.8% within the first nine months of the year, skyrocketing to a colossal 16.7 trillion baht. This rise was predominantly propelled by government and corporate bonds, as revealed by the Thai Bond Market Association (ThaiBMA). Corporate debentures, a significant part of this upswing, saw an issuance of 825 billion baht from January…
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Inheritance tax law changes aim to reduce economic inequality
A revenue department insider has revealed plans for the adoption of the prime minister’s proposal to make changes to the inheritance tax law. The objective of the amendment is to reduce economic inequality, according to the anonymous source. The source disclosed three key points that form the guidelines for the amendment. The first is the application of the inheritance tax…
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Thailand’s commerce ministry aims for 20% cross-border trade boost
The Commerce Ministry of Thailand has an ambitious vision for the upcoming year – pushing cross-border trade value to 1.2 trillion baht, marking a 20% increase from this year’s estimated 1 trillion baht. Deputy Commerce Minister Napintorn Srisunpang, the overseer of the Business Development Department, Trade Negotiations Department and Foreign Trade Department, disclosed the ministry’s strategy to achieve this. They…
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Thai government’s 5% GDP growth aim deemed optimistic amidst challenges
The administration of Prime Minister Srettha Thavisin aims to boost annual GDP growth by 5%. This goal was unveiled during a policy statement delivered by the premier to the heads of government agencies last week during discussions about the fiscal 2024 budget. However, the World Bank recently cut its growth forecast for Thailand to 3.4% this year and trimmed its…
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Mongolia opens honorary consulate in Phuket, boosting ties
Phuket marked a significant milestone as Mongolia inaugurated its honorary consulate on the island, coinciding with the 49th anniversary of its diplomatic ties with Thailand last week. The consulate’s office is located at the Gig Hotel on Soi Bangla in the Patong district. The opening ceremony saw the attendance of key figures including Tumur Amarsanaa, Mongolia’s ambassador to Thailand, Nutthaphong…
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Elderly woman in Buriram lives alone without basic amenities for 30 years
An 84 year old woman has been living alone for over 30 years without any basic facilities such as electricity and water in her Buriram home. This distressing scenario unfolded in the Buriram province where the woman lives in a dilapidated house. She is unable to walk and relies on the kindness of her neighbours and leftover food from a…
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DSI crackdown on counterfeit dietary supplement warehouse in Chon Buri costing over 10 million baht
The Department of Special Investigation (DSI) raided a warehouse in central Chon Buri storing counterfeit dietary supplements for humans and pets, causing damages exceeding 10 million baht. The raid was carried out in response to Thailand being closely watched by the US Trade Representative (USTR) for intellectual property rights violations and stemmed from tips about unlawful sales of supplements via…
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Thailand’s TCL suspends VIP bus service after passenger complaints, slaps 10,000 baht fine on operator
Dr Sanlak Panuwatli, the managing director of Transport Company Limited (TCL), addressed recent complaints made by passengers about the standard of their VIP bus services. The complaints were raised on the Facebook page อยากดังเดี๋ยวจัดให้ รีเทริน์ part 6, which posted images and messages about the substandard conditions of TCL’s VIP buses. Upon investigation of the raised issues, TCL found that the…
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Former diplomat found dead in Bangkok luxury home under mysterious circumstances
The body of a former diplomat was discovered in the bathroom of a luxurious house, locked from the outside and covered with cardboard boxes today. The house, located in the affluent neighbourhood of Soi Vibhavadi Rangsit 20, Jom Phon, Chatuchak, Bangkok, was inspected by Deputy Superintendent Puthipong Hongthong and his team following the report of a death. The three-storey luxury…
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Unexpected sinkhole appears on Pattaya Third Road, sparks safety concerns
Pattaya witnessed an unexpected event as a sinkhole emerged on Pattaya Third Road, raising safety concerns among the public. This event took place yesterday, on a minor stretch of Pattaya Third Road, which forms a link between Central Pattaya and North Pattaya, near an intersection. The sinkhole, though small in size, has caused an alarming situation as it has resulted…
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Thai family identifies son among captives in Hamas-Israel conflict
A couple from Pla Pak district, in the northeastern border province of Nakhon Phanom, Thailand, have positively identified their son as one of the workers reportedly captured by Hamas militants during a large-scale assault on Israel. The news of the abduction, which occurred yesterday, spread rapidly through social media, featuring a distressing image of six captive men with their hands…
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Accused gambling MP sits on Anti-Corruption Committee, claims Thai Patriots Network leader
Srisuwan Janya, the leader of the Thai Patriots Network, revealed that a member of Ratchaburi’s House of Representatives, previously accused of gambling in a viral video, sits on the Anti-Corruption Committee. This is a committee that is highly contested, especially when the individual was a member of the Blue Party during his tenure as a Ratchaburi representative. Despite the selection…
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Buriram military officer seeks forgiveness after killing two cyclists in hit-and-run accident
A 52 year old military officer from a camp in Buriram province has requested permission to conduct funeral rites for two cyclists he fatally struck with his pickup truck. The incident involved six bicycles and took place on Highway No. 24 from Chokchai to Dech Udom, specifically at the 133+800 km mark in Chalerm Phrakiat district. The collision resulted in…
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Thai CEOs discuss sustainability’s key role in supply chain survival at SX2023
The Sustainability Expo 2023 (SX2023) has illuminated the essential role of sustainability in successful supply chain networks. The Thailand Supply Chain Network (TSCN) Business Partners Conference, also known as the TSCN CEO Panel, took place at the Queen Sirikit National Convention Center as part of the ongoing expo. The key topic of discussion was the self-application of sustainable practices for…
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Thai PM’s diplomatic tour to boost ties, revive tourism hit by mall shooting
Prime Minister Srettha Thavisin embarks on a five-day tour to Hong Kong and three ASEAN nations, beginning Sunday. The journey commences from the Royal Thai Air Force’s (RTAF) terminal at Don Mueang Airport, with the Airbus 320 aircraft setting course for Hong Kong. Post the Hong Kong visit, the premier’s itinerary includes Singapore, Brunei, and Malaysia, with his return scheduled…
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Chinese student profits from booming bridesmaid rental industry, earning up to 1,500 baht per wedding
A 21 year old Chinese student has made a lucrative part-time career as a professional bridesmaid for hire, having attended over 50 weddings. It’s not her fame that has led to these invitations, but her role as a paid companion for brides. For each event, she earns a starting fee of around 288 yuan, approximately 1,500 baht (US$40), which is…
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Bangkok workers rally for better employment conditions and against privatisation
World Day for Decent Work was marked by a significant rally in Bangkok, where approximately 600 workers rallied for their cause. The protestors demanded the government address unjust employment conditions and enhance employment security. The rally, which took place along Ratchadamnoen Avenue, saw the participation of members from the Thai Labour Solidarity Confederation (TLSC), the State Enterprises Workers’ Relations Confederation…
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Democrat demands probe into Thaksin’s hospital stay amid preferential treatment claims
Watchara Phetthong, a veteran Democrat and former Member of Parliament, urged the House panel overseeing police affairs to investigate the circumstances surrounding the hospitalisation of the ex-prime minister, 74 years old Thaksin Shinawatra. Accusations of preferential treatment have been fuelled by an undisclosed photograph of Thaksin seen enjoying pool time with his grandchild. At a press conference to highlight his…
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Chinese groom defends plus-sized bride against wedding day ridicule
A recent wedding in Jiangsu province, China, became a hot topic due to the stark contrast in the bride and groom’s appearances. The bride, who weighed over 200 kilogrammes, was publicly ridiculed for her size, causing her to cry during her wedding ceremony. On the other hand, the groom, a standard-sized man, was left to console his new wife amidst…
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Indian national loses US$2,200 in Pattaya ride-hailing incident
Pattaya was the scene of an unfortunate event today, at 1am when a 28 year old Indian national and his Thai companions found themselves in a distressing situation. The group utilised a popular ride-hailing application to secure transport from Soi Buakhao to Walking Street in South Pattaya. However, the night took a turn for the worse when he realised he…
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Tesla’s safety feature confuses Thai Songthaew passengers with pedestrians, causing hilarity amongst netizens
A Japanese YouTuber driving a Tesla in Thailand found himself perplexed when the car repeatedly warned him of pedestrians crossing in front. However, upon looking up, he saw nothing. The amusing reality emerged later when he realised the car was not identifying people cutting in front but mistakenly interpreting people hanging on the back of Thai Songthaew, or two-row pick-up…
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SET anticipates foreign investor return amid economic policy progress
The Stock Exchange of Thailand (SET) anticipates a resurgence of foreign investors as progress in the nation’s economic policies, baht stability, and economic recovery gains momentum. Over the past eight months, foreign investors have sold more than they purchased, resulting in a net outflow of 22.4 billion baht (US$ 606,388,832). Despite this, the foreign investor trading ratio remained the highest…
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Thai Cabinet approves assembly for constitutional referendum, amid MFP exit
The assembly to draft a referendum on revising the constitution is set to convene on Tuesday, following the Cabinet’s recent approval of its 35 members, reveals Chusak Sirinil, a member of the assembly. The assembly, under the leadership of Deputy Prime Minister and Minister of Commerce Phumtham Wechayachai, will deliberate on modifications to the committee after the exit of the…
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UHG announces 3.1 billion baht investment in new Thai hotel developments
UHG, a prominent developer of hotels and offices, has announced plans to invest 3.1 billion baht in the construction of two new hotels in Ramkhamhaeng and Phaya Thai. The investment supports UHG’s strategy to capitalise on the potential of these areas and cater to the high demand experienced by its nearby hotels. Wutthiphon Taworntawat, the managing director, highlighted the strategic…
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Thai government boosts safety measures after Siam Paragon shooting incident
Heightened safety measures are set to be implemented by the Thai government in a bid to restore the confidence of foreign tourists, following the recent shooting incident at Siam Paragon. Two foreigners, one from China and the other from Myanmar, lost their lives in the incident which also left five others injured, including another Chinese national, a person from Laos,…
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AstraZeneca and Thai agencies collaborate to boost AI in healthcare
The Digital Economy and Society (DES) Ministry and the Digital Economy Promotion Agency (Depa) have joined forces with AstraZeneca (Thailand), a biopharmaceutical company, to boost digital healthcare innovation within the Thai public health system. Their goal is to enhance the quality of life for Thai citizens through the use of cutting-edge technology. The most recent collaboration involves a memorandum of…
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Thai government to give 10,000-baht digital wallet to citizens despite criticism
Despite facing staunch criticism from experts, Prime Minister Srettha Thavisin confirmed on Friday that the Thai government will proceed with its plan to distribute a 10,000-baht digital wallet to every Thai citizen over the age of 16. This announcement comes in response to comments from Bank of Thailand (BoT) governor Sethaput Suthiwartnarueput, who criticised the economic stimulus policy. PM Srettha…
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Teenage motorcyclist killed in fiery collision with car on Phetchabun’s Chomthirawet Road
A tragic road accident involving a saloon car and a teenage motorcyclist sparked a blaze that engulfed both vehicles. The collision occurred on Chomthirawet Road, Chon Daen-Dong Khoi route, between kilometres 33-34 in Ban Kutti Phra, Tha Kham subdistrict, Chon Daen district, Phetchabun province. The motorbike rider, a 19 year old woman, tragically lost her life. The incident took place…
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Thailand tackles delivery rider accidents with defensive driving training
Last year, 81 delivery riders suffered road accidents in Thailand, leading to 28 fatalities and 36 severe injuries. Speeding, lane violations, using mobile phones while driving, and time pressures for delivery were identified as the primary causes. Kongkarn Takhiranrit, the acting director of the Social Risk Control Office at the Thai Health Promotion Foundation (ThaiHealth), revealed that delivery riders and…
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Bluffing in Bangkok: How ‘lying’ is perceived in Thailand
Playing poker in Thailand? Is it right to bluff or tell lies in general conversation? Thai culture can be different from its Western counterparts, so how does it affect the game of poker when playing it in Thailand? And is it even allowed there? Dispelling Historical Myths For many years there was an unfair rumour among expats living in Thailand…
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