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Innobic divests Alvogen Malta shares, refocuses on Asia-Pacific pharmaceutical market
In a strategic move to refocus its pharmaceutical sector, Innobic (Asia) Co, the life sciences division of the PTT Plc national oil and gas conglomerate, has entirely divested its shares in Alvogen Malta (Out-licensing) Holding (AMOLH). The shares were acquired by Floki Holding Société à Responsibilité Limitée, a healthcare and pharmaceutical firm based in Luxembourg. The transaction is expected to…
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Thai PM and central bank clash over interest rates amid low inflation
The clash between Prime Minister Srettha Thavisin, who also holds the Finance Minister portfolio, and the Bank of Thailand (BoT) intensified. The prime minister has been vocal about his belief that the central bank should lower its interest rates as inflation rates have decreased. On a social media platform, PM Srettha blamed the BoT for causing harm to the economy…
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EGCO finalises Compass Portfolio acquisition, boosting US power capacity
Electricity Generating (EGCO), the power generation subsidiary of Thailand’s Electricity Generating Authority, has finalised the purchase of the Compass Portfolio in the US, a move that boosts the company’s overseas earnings from the energy sector. The acquisition bolsters EGCO’s total power generation capacity to 652 megawatts, a figure determined by its stake in the Compass Portfolio. Thepparat Theppitak, EGCO President,…
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Thai bond market set for 890 billion baht redemption this year
This year, bonds worth an estimated 890 billion baht (US$25,406,794,400), primarily investment-grade, are slated for redemption, according to the Thai Bond Market Association (ThaiBMA). Around 73 billion baht (US$ 2,083,928,080) of these are set to mature within this month. The association’s president, Somjin Sornpaisarn, anticipates Thai private enterprises to float long-term bonds of approximately 1 trillion baht (US$ 28,546,960,000) throughout…
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Caution advised over interest rate cuts by Bank of Thailand
Pundits cautioned against hasty moves to cut interest rates and have emphasised the importance of an independent Bank of Thailand as it determines its policy interest rates. They warned that inconsistent fiscal and monetary policies could harm more than they help. Therdsak Thaveeteeratham, Asia Plus Securities (ASPS) executive vice president, insisted that decisions regarding interest rates should be the sole…
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Human rights committee investigates Pattani activists’ dress code penalty
The Internal Security Operation Command (ISOC) Region 4’s decision to penalise activists for wearing Malay traditional dress at an event in Pattani in 2022 came under scrutiny yesterday as the Committee on Legal Affairs, Justice, and Human Rights vowed to investigate a complaint lodged against this action. Kamolsak Leewamoh, the committee chairman, affirmed that a thorough questioning session involving all…
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Thai man sets fire to wife’s house and orchestrates rape of mother-in-law
A Thai man is evading arrest after setting fire to his wife’s house and tricking his mother-in-law into meeting his friend, who raped her. Firefighters rushed to control the fire at a house in the Kaeng Krachan district in the southern province of Phetchaburi yesterday, January 9, and brought the blaze under control. Only the bathroom and cattle shed were…
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Visually impaired man accuses relatives of deceit over 20,000 baht loan in Thailand
A 36 year old visually impaired man, known as Likhit, accused his relatives of tricking him into signing off his land rights, under the misconception that he was signing a loan agreement. The incident took place today, at 12pm. Likhit explained that he once borrowed 20,000 baht from his relatives, with a 10% interest rate, for which he agreed to…
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Thailand vows zero dropout rate as education overhaul unveiled
Prime Minister Srettha Thavisin declared his government’s determined mission to tackle Thailand’s education inequality crisis. The premier revealed his commitment to eradicating the denial of educational opportunities for Thai children entirely. PM Srettha disclosed that one of his first actions upon assuming office last year was to direct key government agencies, including the Fund for Education Equality, the Ministry of Digital…
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Governor’s bold move against toxic haze: Chiang Mai’s war on farm fires heats up
Chiang Mai Governor Nirat Pongsitthithavorn is leading the charge against the annual curse of PM2.5 pollution caused by the burning of agricultural residue. In a teleconference with the province’s 25 district chiefs, he laid down strict instructions to tackle the issue head-on. The provincial administration has already taken a decisive step by banning unauthorised burning of farm waste from January…
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Chiang Rai accident victims struggle with costs as drunk driver offers minimal compensation
A tragic accident involving a drunk driver in an Isuzu D-Max, who collided with a motorbike, has resulted in serious injuries and financial hardship for the victims. The incident occurred in Chiang Rai on July 30, around 10pm, when Jidapa, a local shopkeeper, and her sister-in-law were returning home. The collision caused both women to be thrown in different directions,…
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Japanese woman’s dramatic weight loss transformation stuns the Internet
The transformation of a Japanese woman who dramatically lost weight has stunned the Internet, with her before-and-after photos becoming a social media sensation. In Japan, the second Monday of January each year is celebrated as Coming of Age Day. It’s a day dedicated to those who have reached the age of 20, marking their transition into adulthood. On this day,…
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Charged down: Electric rates spark joy with 50-satang drop to 4.18 baht per unit
Electricity rates for January through April 2024 have been adjusted to 4.18 baht per unit, a decrease of 50 satangs per unit from the previous rate of 4.68 baht per unit. However, this is an increase of 19 satangs per unit from the September to December 2023 rate of 3.99 baht per unit. These changes were announced today by Khomkrit…
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Gold shop in Tha Sala district falls victim to armed robbery
An armed robbery occurred at a gold shop in the Tha Sala district of Nakhon Si Thammarat, Thailand, where necklaces worth 500,000 baht were stolen. A 54 year old man, Chaiwut Wethayawong, has been identified as the prime suspect in the case, and the police have applied for a court arrest warrant. The robbery took place yesterday and the investigation…
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Panida Siriyuthayothin sheds light on leaked photo with assistant Chang
Panida Sirayuthayothin addressed the recent controversy surrounding a leaked photograph of her with a personal assistant, known as Chang. The incident occurred at 12.30pm today. In the image, Chang appears to be kissing her on the cheek. Panida denied any romantic involvement with Chang, stating the unfounded accusations likely stemmed from jealousy. She pointed out Chaiwat Lomakul, her former legal…
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BMA accused of favouring capitalists with new city plan for Bangkok
Bangkok Metropolitan Administration (BMA) outlined an ambitious new city plan for the capital, marking the first update in 11 years. However, the BMA is facing criticism from the public, who claim that the new plan primarily benefits large capitalists. The new city plan sparked a heated debate on social media, as many residents were unaware of the proposed changes, despite…
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Hong Kong’s Cathay Pacific flight cancellations spark inquiry
Cathay Pacific Airways finds itself stuck on the runway as the pilots’ union demands a government investigation into the airline’s chaotic flight cancellations. The blame game points directly to severe job cuts made during the peak of the Covid-19 pandemic. Paul Weatherill, Chairman of the Hong Kong Aircrew Officers Association, states that Cathay’s current plight, rooted in the decisions made…
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Six injured in Samut Prakan as truck with faulty brakes crashes into minibus
A six-wheeler truck with faulty brakes slammed into a minibus, causing six passengers to sustain injuries. The vehicle also collided with a parked van on the roadside. The incident occurred at 5.50am today, as reported by the Bang Kaeo Police Station in Samut Prakan province. The accident took place on a three-lane road on Theparak Road, at kilometre 8. In…
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BOI electric push: Thai circuit suppliers charged up with global incentives
Thailand’s Board of Investment (BOI) unleashed a wave of support and several incentives to catapult local electronic circuit suppliers onto the global stage. This commitment aligns with Thailand’s grand vision of becoming Southeast Asia’s electronic industry hub, focusing on the cutting-edge production of Printed Circuit Boards (PCB) and Printed Circuit Board Assembly (PCBA) – the lifeblood of all smart devices.…
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Former Deputy PM’s ex-son-in-law accused of 100 million baht luxury handbag scam
The former son-in-law of an ex-deputy prime minister has been accused of defrauding investors in a bogus luxury handbag business, resulting in losses exceeding 100 million baht. Today at the Central Investigation Bureau, Ronnarong Kaewpetch, head of the Ronnarong Network for Social Justice, accompanied by, 42 year old Jittitikarn Thiradechapaphan, 44 year old Charinee Yuaisai, and about ten other victims, primarily…
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Royal Phuket Marina makes waves as Asia’s pioneering carbon-neutral paradise
Royal Phuket Marina (RPM) announced its historic achievement as Asia‘s first-ever carbon-neutral marina. A beacon of eco-innovation, RPM goes beyond merely housing boats, transforming into a luxurious haven where sustainability meets opulence. Situated at the gateway to Phang Nga Bay and the Andaman Sea, RPM offers an unparalleled lifestyle immersed in tranquillity. From plush apartments to lavish villas, complete with…
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Unexpected traffic fines surprise vehicle owners at tax renewal in Prachuap Khiri Khan
At the Department of Land Transport (DLT) in Prachuap Khiri Khan province, vehicle owners renewing their annual taxes are being hit with unexpected charges, 735,000 baht in total, for unpaid traffic fines. Those who are unable to pay the fines immediately are issued a temporary tax renewal slip, valid for 30 days, during which they must clear their fines to…
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Thai doctors’ heroic efforts in saving 5 year old girl who drank cyanide
A heroic Thai doctor from Srisangwan Hospital in the northern province of Mae Hong Sorn shared her experience of saving the life of a five year old girl who accidentally drank silver cleaning fluid containing cyanide. The female doctor, Theerada Wongjai, shared the life-saving story on Facebook on January 7 beginning the post with the hashtag, #CyanideRunningCompetition. The hashtag reflected how…
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Safety alert issued at Buriram University due to suspicious notes
The Student Administration of Buriram Rajabhat University, as announced on their Facebook page today (January 10), issued a safety warning to students and staff concerning suspicious behaviours observed on campus. The warning pertains to a man who allegedly infiltrated the university campus, leaving small notes requesting to add him on the messaging app, LINE. The messages, attached to students’ motorbikes,…
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DNP arrests Vietnamese trio in Bangkok, saving 1,000+ animals from illegal trafficking
Officers from the Department of National Parks, Wildlife and Plant Conservation (DNP) arrested three Vietnamese men in the Lat Phrao district of Bangkok for an illegal wildlife trafficking attempt. More than 1,000 animals were rescued. The Watchdog Thailand Foundation (WDT) reported the wildlife trafficking to the DNP, claiming that their members had observed suspicious activities at a residence in Sinthon…
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Thailand grapples with severe PM2.5 dust pollution impacting 53 provinces
The Geo-Informatics and Space Technology Development Agency (GISTDA) reported this morning that 53 provinces across Thailand grapple with detrimental health impacts due to PM2.5 dust pollution. Don Mueang district in Bangkok is suffering the most, registering the highest levels of this harmful particulate matter. According to GISTDA’s report from yesterday, there were 310 heat spots detected throughout the country by…
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Finance ministry’s vigilant watch over corporate debenture repayments
Corporate debenture repayments are under the watchful eyes of the Finance Ministry, according to a statement by Lavaron Sangsnit, its permanent secretary. The ministry, along with the Bank of Thailand (BoT) and the Securities and Exchange Commission (SEC), are vigilantly monitoring potential defaults on maturing debentures. In a recent evaluation, it emerged that only a single company was struggling to…
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Depressed woman assaults mother and baby in Thai shopping mall
A woman claiming to be suffering from depression was caught on camera assaulting another woman and her eight-month-old baby in a prominent Thai shopping mall. The incident, which occurred on January 7, was reported on a social media page, sparking public outrage. Around 10.30am today, January 10, the victim, referred to as Wipaporn (surname withheld), detailed the incident. She had…
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Thai deputy PM calls for stricter nightclub regulations after minor scandal
Thailand’s Deputy Prime Minister and Interior Minister, Anutin Charnvirakul, is set to enforce stricter regulations on night entertainment venues following an early morning raid on a nightclub in Pathum Thani on January 7, which resulted in the apprehension of 489 minors. The venue, known as Heaven Rangsit, is alleged to have been operating without the necessary license and accommodating underage…
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Gold price remains steady in Thailand
The Gold Traders Association (GTA) revealed today’s gold price remains steady and those interested should hurry to make purchases. As of today, January 10, the selling price for gold ornaments is 34,150 baht per baht weight, unchanged from the closing price yesterday, according to the latest information from the GTA’s website at 9.03am. The price for 96.5% gold bars in…
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