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- Thailand News
SC Asset introduces morning coin for real estate rewards
SC Asset Corporation Public Company Limited, under the stewardship of Natthaphong Kunakornwong, is embarking on a transformative journey as it enters its third decade, a period poised to redefine the company’s legacy. In a significant move, SC Asset unveiled an innovative utility token, Morning Coin, which promises to deliver extensive benefits to its clients. Homebuyers of SC Asset properties will…
- Business News
Thai Finance Minister set to discuss policies with BOT
The freshly appointed Finance Minister today expressed his readiness to engage in discussions with the governor of the Bank of Thailand (BoT) to align fiscal and monetary policies. Pichai Chunhavajira, who is also the Deputy Prime Minister of Thailand, stated to journalists that collaborating with the BoT on policy coordination is part of his job responsibilities. Pichai expressed confidence that he…
- Thailand News
Bangkok squatters sentenced and fined over illegal occupation
Min Buri Criminal Court sentenced four squatters to prison for illegally occupying a property in Bangkok. The defendants were accused of trespassing, property damage, and theft at the residence. The court ordered a collective fine of 22,000 baht and a total compensation payment of 1 million baht to the victim, who has decided not to pursue further legal action. The…
- Thailand News
Netflix comedian slammed for misrepresenting Thai philosophy
A complaint has been lodged by a former advisor to the Parliamentary Commission on Law, Justice, and Human Rights, Sonthiya Sawasdee, against Udom Taepanich, also known as Nose, for potentially misleading content in his Netflix stand-up comedy special. The special, Diew Special Super Soft Power, which reaches an audience of 91 million subscribers, is under scrutiny for possibly distorting the…
- Thailand News
Grain gamble: Decade-old rice from Surin warehouses still fresh
Stored for over a decade, rice from the warehouses in Surin, dating back to Yingluck Shinawatra‘s term in office, has been confirmed to be in good condition. Commerce Minister Phumtham Wechayachai, gave an assurance of the rice’s quality and announced that a bidding process for it is scheduled for next week. Phumtham, along with representatives from the private and public…
- Thailand News
Fashioning diplomacy: Thailand’s soft power exchange with France
Thailand is set to partner with France, known for its soft power prowess in areas such as fashion and tourism, in a knowledge exchange initiative spearheaded by the Department of Trade Negotiations (DTN). The deal was set in motion following inter-agency discussions between the two nations. The most recent, being the fifth high-level economic dialogue (HLED), saw the DTN Director-General…
- Thailand News
Medical department pushes for regular cervical cancer screening
The Department of Medical Sciences in Thailand is spearheading a campaign to encourage women aged between 30 and 60 years old to undergo regular cervical cancer screening. The initiative follows a recent revelation that approximately 10 million sexually active Thai women have never undergone a human papillomavirus (HPV) test. The department’s director-general, Yongyot Thammawut, highlighted the severity of the issue,…
- Thailand News
Thai chamber opposes proposed minimum wage increase
The Thai Chamber of Commerce (TCC) is in dispute with the government over its proposal to increase the minimum daily wage to 400 baht for workers all over the country. The proposed wage increment is expected to take effect in October. Speaking on the issue, Poj Aramwattananont, Vice-President of the TCC and the Board of Trade of Thailand, painted the…
- Business News
KBank restricts digital personal loans to refine business model
Kasikornbank (KBank), known for its leading mobile banking services, has strategically slowed down its digital personal loan operations. The move aims to refine its business model and enhance the quality of its loan products, according to its Chief Executive Kattiya Indaravijaya. Kattiya revealed that there is no specific timeline for the completion of the business model improvement. However, she assured that…
- Business News
Thailand’s steel industry threatened by surge in Chinese imports
The EAF Long Product Steel Producers Association raised concerns about the future of Thailand’s steel industry as local manufacturers face potential closure. This comes as a result of a surge in steel imports from China, which has resulted in a reduction of capacity utilisation to a mere 28% between January and February. The association’s president Chaichalerm Bunyanuwat urged for immediate…
- Thailand video news
Thailand Video News | Onlyfans creator fined for explicit beach display, Myanmar man drowns in Phuket ignoring no-swim warnings
In this Thailand video news, Alex and Jay cover the stories from across Thailand. Beginning with a Myanmar man tragically drowned at Phuket Beach despite warnings against swimming. Meanwhile, Jomtien Beach’s serene ambiance was marred by the disruption caused by illegal fireworks, leading to the arrest of vendors. In another incident, Chinese businessmen fell victim to extortion, allegedly coerced by…
- Thailand News
Thai woman abuses daughter to extort money from British husband
Police arrested a Thai woman in Samut Prakarn province near Bangkok yesterday, May 6, after shocking video footage emerged of the woman physically abusing her seven year old daughter to extort money from her British husband. A 61 year old community leader, Somsri Ngamprasert, filed a complaint against a Thai woman named Sudarat on behalf of her British husband named…
- Business News
Euro EV sales dip but Thai operators charge ahead with optimism
Despite a recent 11% drop in electric vehicle (EV) sales in Europe, Thai business operators remain optimistic about local EV market growth. They believe that the circumstances in Thailand significantly differ from those in Europe, making direct comparisons of the two markets inappropriate. The European EV market downturn, says Bloomberg, is attributed to factors such as high insurance and repair…
- Business News
Thailand implements blueprint for responsible tourism management
Concerns about overtourism are intensifying globally as popular destinations like Venice start imposing daily entry fees and Japan attempts to divert tourists to less-visited provinces. Thailand, expecting 40 million foreign arrivals this year, faces similar challenges. The Deputy Governor for Domestic Marketing at the Tourism Authority of Thailand (TAT), Somradee Chitchong, emphasised the lack of a tourism-carrying capacity blueprint in…
- Business News
Government’s financial burden increases with digital wallet project
The government’s financial burden, expressed as the ratio of interest to estimated government revenue, is expected to rise from the current 8% to 11% in the coming year. This projected increase is due to the implementation of the government’s flagship digital wallet handout. An anonymous source from the Finance Ministry revealed that the present 8% ratio aligns with an A…
- Business News
Syntec construction prioritises data centre projects
Public traded contractor Syntec Construction formed a dedicated team to manage the growing demand for data centre construction projects, particularly from industry heavyweights. This initiative is part of Syntec’s business strategy for this year, which prioritises bids for data centre construction owing to their heightened demand across the industry, according to Chief Executive, Somchai Sirilertpanich. The company has expanded its…
- Thailand News
Thai government boosts welfare benefits for workers
Government spokesperson Chai Wacharonke indicated that the Thai government is committed to improving welfare benefits to enhance the quality of life for all workers in the country. This commitment follows a recent roll-out of new regulations aimed at supporting the needs of the informal workforce, a significant demographic in Thailand. “The government is determined to push for regulations that will…
- Thailand News
Thai farmers feeling the heat: Climate change threatens crop yields
Farmers in Thailand are facing a significant threat from climate change, with an alarming drop in crop yields predicted over the next seven decades. This growing crisis has prompted calls for the government to implement strategies to safeguard food security. Witsanu Attavanich, a lecturer in economics at Kasetsart University, is at the forefront of research into the impact of climate…
- Thailand News
OnlyFans creator fined in Bangsaen for explicit beach display
A content creator on the adult platform OnlyFans has been fined by Bangsaen police for a sexually explicit public display after her video garnered over two million views. The incident, which took place on the popular Bangsaen Beach in Chon Buri province, involved the woman engaging in sexual acts with a fan. The video, initially posted between November and December…
- Thailand News
Thailand imposes hefty fines on e-cigarette importers to curb sales
The Customs Department of Thailand imposed a hefty fine on e-cigarette importers, now demanding double the item’s value plus tax in an attempt to curb the increasing sales among the public, particularly the youth. Panthong Loykulnan, the spokesperson for the department, announced yesterday that importers of e-cigarettes, barakus, shishas, and e-barakus will be mandated to pay a fine equivalent to…
- Thailand News
Thailand’s dominance in durian exports to China under threat
Thailand‘s reign as the leading exporter of fresh durians to China is teetering, as reported by an industry insider to Xinhua News Agency. The news has emerged in the wake of a report that China’s major land border checkpoint, Youyiguan, has received 48,000 tonnes of durian shipments in this year’s first quarter. The shipment detailed 35,000 tonnes of durians from…
- Business News
Thailand’s central bank halts proposed 1% fee on credit cardholders
The Bank of Thailand has stalled the proposed introduction of an additional 1% fee on local credit cardholders, necessitating card issuers to consider other alternatives. This decision was taken after several credit card issuers declared that they would be waiving the 1% fee for payments made in baht to overseas registered merchants and online shopping platforms. Earlier in March, these…
- Business News
Gulf Energy signs agreement for 25 solar farms in Thailand
Gulf Energy Development Plc, a leading private power producer, has announced the completion of power purchase agreements for the construction of 25 solar farms with the Electricity Generating Authority of Thailand (Egat). This initiative is expected to aid the government in managing electricity prices, potentially reducing power bills for consumers. The 25-year agreements mark a strategic shift in Thailand’s power…
- Thailand News
Thai government’s digital wallet scheme under scrutiny
The Thai government’s digital wallet policy, specifically the planned usage of funds from the Bank for Agriculture and Agricultural Cooperatives (BAAC) to support the initiative, will continue to be scrutinised by the National Anti-Corruption Commission (NACC). The agency has previously raised concerns about potential corruption and legal risks linked to the 10,000 baht distribution scheme and will observe the government’s…
- Business News
Thai energy business reports 2.6% decline in Q1 fuel consumption
The Department of Energy Business (DOEB) reported a 2.6% decline in fuel consumption in the first quarter of the year, amounting to 156.7 million litres per day. This decrease is attributed to the expiration of the capped price policy. The Director General of DOEB, Sarawut Kaewtathip, noted a rise in the daily average volume of jet fuel and liquefied petroleum…
- Thailand News
Chinese student rescued from scam gang kidnapping attempt
A young Chinese student was deceived by a call centre scam gang in a kidnapping attempt, demanding a ransom of 7 million baht, has been rescued in Chiang Mai. Initially lured from Australia, she faced threats of visa revocation for non-compliance. Thai police successfully located her today at 11am, following coordination with Samut Prakan police. The rescue operation led by…
- Phuket News
Woman jumps off bridge in Phuket due to chronic depression
A 32 year old woman contending with chronic depression jumped off the Thepsrisin Bridge in Phuket early this morning. The bridge, a link between Saphan Hin and Sakdidet Road, was the location of this distressing event. The woman, who resides on Montri Road in Phuket Town, was swiftly transported to Vachira Phuket Hospital for her sustained injuries. The police were…
- Business News
GIF expedites Covid-19 payouts amid financial strain
The General Insurance Fund (GIF) proposed an expedited payment option for Covid-19 policyholders, where they can avail of an immediate reduced payout rather than wait for a decade for the full claim. This could mean receiving 60 baht now instead of 100 baht in the future, according to Finance Permanent Secretary Lavaron Sangsnit. Governmental body GIF was formed to safeguard…
- Thailand News
Thai scientists find fossil-fuel pollution in Antarctica’s soil
Thai scientists have uncovered evidence of fossil-fuel pollution in the soil of Antarctica, prompting calls for stricter measures to protect the world’s most pristine environment. A research team, utilising the cutting-edge SR-FTIR microspectroscopy technique at the Thai Synchrotron National Lab in Nakhon Ratchasima, made the discovery in sediment samples collected from five sites across King George Island. Siwatt Pongpiachan, who…
- Business News
Thai dividend stocks outperform bank deposits
The quest for investments with steady returns in an era of global volatility and high interest rates has led many investors to gravitate towards dividend stocks. With the potential for yields exceeding 5% and a payout that can reach up to 20% yearly, these stocks offer a lucrative alternative to conventional bank deposits. A study conducted by the Stock Exchange of…
