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- Business News
AirAsia Cambodia launches anticipates aviation sector growth
A new low-cost airline, AirAsia Cambodia, was launched yesterday marking a significant milestone in Southeast Asian aviation. The chief executive of Capital A, AirAsia’s parent company, Tony Fernandes, anticipates a promising outlook for aviation in the region, driven by an increased influx of Chinese tourists, particularly in Thailand, despite soaring fuel costs and a robust US dollar. “Despite the economic…
- Business News
BGRIM to invest US$3.39m in Middle East’s energy market
A dominant player in the power industry, BGRIM disclosed its plans to infiltrate the Middle Eastern clean energy market, with an investment approaching US$3.39 million for a 40% stake in the independent power producer, ThreeEightSix Holdings Ltd. The company’s president, Harald Link, confirmed this strategic investment that focuses on commercial and industrial solar assets within the Gulf Cooperation Council region,…
- Politics News
Thailand’s Move Forward Party faces possible dissolution
The Move Forward Party (MFP), one of Thailand’s major opposition parties, is currently battling a case against its dissolution in court. The case was triggered by the Election Commission’s (EC) proposal, based on Section 92 of the Political Parties Act, after the MFP was found to be advocating for amendments to Section 112 of the Criminal Code, or the lese…
- Retire in Thailand
Boosting economic growth in the face of rising retirement
In the continuously evolving landscape of global economies, the dynamics of retirement and their consequential impact on economic growth have ignited substantial discourse. One may be intrigued by how modifications in the retirement age and advancements in life expectancy are influencing our economic future. For those seeking a deeper understanding of the intricate relationship between retirement policies and economic vitality,…
- Thailand News
Thai authorities seize over 1000 endangered tortoises
In the latest crackdown on the illegal wildlife trade, six individuals were apprehended in the southern province of Chumphon, Thailand, for possession and transportation of a significant number of endangered species. The suspects were found with over 1,000 radiated tortoises and dozens of lemurs in their possession, intended for sale in Hong Kong, South Korea, and Taiwan, according to the…
- Thailand News
TikTokers praise American’s helmet donation in Pattaya (video)
Thai TikTok users applauded the generosity of an American man in Pattaya for handing out motorcycle helmets to children. He made known plans to give away a million helmets to children across Thailand. The 57 year old American man, Rick Brown, shared videos of himself distributing free motorcycle helmets to children on his TikTok account, @savvyrickbrown. The children appeared to…
- Business News
Bitcoin ETFs close with largest discounts due to crypto plunge
The largest spot-Bitcoin exchange-traded funds (ETFs) closed today with significant discounts to their underlying asset values, the biggest since their inception. This disparity emerged when the cryptocurrency plunged to its lowest in two months, consequently affecting the ETFs’ Bitcoin value tracking. The iShares Bitcoin Trust, a US$16 billion fund, closed approximately 1.7% below its net asset value. Other funds like…
- Thailand News
AstraZeneca vaccine linked to blood clots in 7 Thai recipients
The Department of Disease Control announced that out of the 20 million Thai citizens who received the AstraZeneca vaccine, seven developed blood clots, with two resulting in fatalities. These adverse effects were confirmed to occur within 42 days post-inoculation. Today the Director-General of the Disease Control Department, Thongchai Keeratihattayakorn, spoke about the vaccine’s side effects, emphasising that the incidences of…
- Business News
Thai banks reduce loan rates to alleviate customer debt
The four biggest banks in the country have all declared a drop in their loan interest rates. This decision by Bangkok Bank (BBL), Krungthai Bank (KTB), Kasikornbank (KBank), and Siam Commercial Bank (SCB) is a response to the prime minister’s call to lessen loan rates to help ease the debt pressure on susceptible customers. An anonymous banking sector analyst opines…
- Thailand News
Boom boom: Thailand ranked in top 10 for sex workers globally
The International Union of Sex Workers (IUSW) reports that Thailand is one of the countries with the highest number of sex workers, at 250,000. Despite the number, sex workers in the country remain illegal and continue to struggle for basic labour rights. The IUSW released global sex industry statistics under the topic, Sex Worker Statistics by Country, Gender. The report,…
- Thailand video news
Thailand Video News | American YouTuber attacks girlfriend for ‘content’, Ex-executive kicks police in the face during traffic stop
In this Thailand video news, Alex and Jay delve into the various stories across Thailand. Beginning with Microsoft recently launching its first regional data center in Thailand, aiming to enhance cloud and AI capabilities. However, amid technological advancements, troubling incidents unfold across the country. An American YouTuber faces assault allegations, a Laotian tourist is robbed in Pattaya, and a former…
- Business News
IBM Thailand Director emphasises AI’s impact on economy
As Thailand grapples with geopolitical conflicts, economic barriers, and technological disruptions, the newly appointed managing director of IBM Thailand shared his vision for the nation’s future. Anothai Wettayakorn emphasised the critical importance of focusing on controllable factors in a complex world and said that strategic planning and positivity could bring about positive change. Anothai went on to highlight the exceptional convergence…
- Thailand News
American YouTuber swings from fame to shame in Thailand
Police arrested an American YouTuber at his home in Pattaya yesterday after he physically assaulted his Thai girlfriend by hitting her with a golf club. The man claimed the attack was staged for a video on his YouTube channel. The Thai woman, 20 year old Kanittha, and her younger sister sought assistance from a 55 year old maid named Anchulee…
- Thailand News
South Africa and Thailand boosts agricultural ties
The agricultural sector has become a significant beneficiary of the thriving bilateral relationship between Thailand and South Africa, revealed South Africa’s Ambassador to Thailand, Darkey Africa in a recent interview. This conversation was held to commemorate three decades of South African democracy and the bilateral relationship between the two nations including a strengthening of agricultural ties. Africa underscored the positive…
- South Thailand News
Influenza outbreak in Thailand prison infects over 3,000 inmates
A devastating influenza outbreak at Nakhon Si Thammarat prison in Thailand has infected almost 3,500 inmates, leading to two fatalities, as reported by public health officials. The prison in Phra Phom district was inspected by a team led by Dr Kittisak Aksornwong, the Deputy Permanent Secretary for Public Health, who confirmed the outbreak. From April 19 to April 28, 3,442…
- Phuket News
Phuket tourism industry hit by escalating water shortage
Phuket‘s tourism sector is grappling with an escalating water shortage crisis, as hotel operators face rising costs due to the scarcity. Thanet Tantipiriyakit, the Phuket Tourist Association President, yesterday, May 1, called on the government for a sustainable solution to the annual water deficits. He cited that the primary reservoirs, Bang Wad, Klong Kata, and Bang Neow Dum, are currently…
- Crime News
Thai police dismantle major illegal online gambling rings
Thai police delivered a significant blow to the online gambling industry with the dismantling of two major illegal betting websites. The operation, dubbed ZERO BET, saw the seizure of nearly 10 million baht (US$270,000) in cash and luxury assets, including high-end vehicles like Lamborghinis and BMWs, totalling over 60 million baht (US$1.6 million) in value. The investigation revealed an annual…
- Business News
Kasikornbank and SUN group fund Thai solar startup Ion Energy
Kasikornbank’s subsidiary Beacon Venture Capital has collaborated with Indonesia’s Solar United Network (SUN) Group to complete a Series A funding round for Ion Energy, a solar energy startup based in Thailand. The funding round closed at US$3 million. Ion Energy offers affordable, clean energy solutions to both residential and commercial sectors within Thailand. Beacon Venture Capital Managing Director Thanapong Na…
- Thailand News
Family suffers burns as fire razes home in Samut Songkhram
A Samut Songkhram family’s home was engulfed in flames early today, leading to three people sustaining burn injuries. The inferno, which broke out around 5am today, May 1, is believed to have been caused by an electrical short circuit due to the melting of wire insulation amid the sweltering heat. The property, a single-story wooden house, was completely destroyed, and…
- Business News
Thai baht finds its groove: Depreciation rate takes a dip
The Thai baht experienced a lessening in its depreciation rate in April, buoyed by an uptick in the country’s economic performance. A leading figure from the country’s central bank anticipates that the local currency will make a recovery in the second half of the year. In the initial quarter of this year, the baht saw a 7.8% decline against the…
- Thailand News
High stakes: Illegal gambling operator busted in Pak Kret home
Police have recently clamped down on a significant illegal online gambling operation in the affluent Pak Kret district, arresting one Thai gambler named Mongkol. The 46 year old’s arrest took place at a luxurious residence in the Bang Phlap sub-district of Nontha Buri province. The operation unfolded today, as Major General Wacharat Sanngam, head of Provincial Police Region 1, along…
- Thailand News
Thai delight: Thailand a Golden Week hotspot for Japanese tourists
Online booking platform Agoda declared Thailand as the second most popular destination for Japanese tourists during the Golden Week according to the search data. Agoda yesterday revealed the search data of Japanese nationals during Japan’s Golden Week, April 29 to May 6, and reported that Thailand emerged as the nation’s second most popular destination. While South Korea took the top…
- Business News
Air China boosts Comac profile with massive C919 jet order
China’s national carrier, Air China, reportedly placed an order for 100 domestically-produced C919 jets, a move anticipated to garner international interest and further boost the profile of the relatively new aircraft. This comes as rival Boeing continues to grapple with ongoing safety concerns. The Beijing-based airline, which flies to 196 destinations, including over 60 international locations, confirmed the agreement with Comac,…
- Thailand News
Thai drug suspect’s Yaba buying claims to protect youth sparks online laughter
A Thai man, arrested on drug charges, sparked amusement online by his heroic claim that he only bought and used methamphetamine, also known as Yaba, solely to prevent teenagers from accessing them. An officer from the Narcotics Prevention and Suppression Centre in the northern province of Phitsanulok shared a video of the drug suspect, whose identity was not revealed, on…
- Business News
Thailand’s DES ministry to establish national AI committee
Plans are underway by the Digital Economy and Society (DES) Ministry in Thailand to establish a new national artificial intelligence (AI) committee. The initiative is part of the second phase of the national AI strategy. The strategy is a cornerstone of Thailand’s ASEAN Digital Economy and AI Hub Plan, a key driver for the country’s digital economy. The ministry also…
- Business News
Krungsri aims for 7% loan growth in multinationals.
Despite a contraction in loans last year, Krungsri, Bank of Ayudhya, is ambitiously targeting a 7% loan growth for its Japanese and multinational corporation (JPC/MNC) banking clients this year. This was announced by Bunsei Okubo, head of JPC/MNC banking at Krungsri, who attributed last year’s 10% loan contraction to the sluggish growth of the Thai economy and the automobile industry.…
- Guides
Unlocking Thailand’s startup ecosystem: Opportunities & challenges
Thailand presently ranks as the fifth most attractive destination for investments in Southeast Asia. Indeed, it serves as a dynamic hub for startup ventures, despite facing certain challenges. Despite experiencing a slight decline from its former fourth-place position, having been surpassed by nations such as the Philippines, Thailand continues to thrive with opportunity and promise for emerging entrepreneurs and investors…
- Thailand video news
Thailand Video News | Cabinet shake-up plants seeds for cannabis reform, India and Thailand to launch cross-border QR payments
In this Thailand video news, Alex and Jay cover the stories across Thailand. Beginning with Thailand and India have announced plans to revolutionise cross-border payments with the introduction of QR code technology. Meanwhile, amidst political maneuvering, Thailand’s Cabinet reshuffle hints at forthcoming changes in cannabis legislation. However, not all news is positive for Thailand as its flagship carrier, Thai Airways, grapples…
- Business News
Thailand’s eastern corridor factories prepared for drought season
Factories within Thailand’s Eastern Economic Corridor (EEC) are poised to weather an impending drought season, thanks to preventative measures undertaken by the Industrial Estate Authority of Thailand (IEAT). The EEC, which encompasses sections of Chon Buri, Rayong and Chachoengsao, is home to 41 industrial estates and 6,000 factories, and the daily demand for water across these establishments amounts to 1.5…
- Business News
Thailand ranked in top three for financial fraud scams, says Google
Google’s 2023 Bad Apps Report ranked Thailand among the top three countries in the Asia-Pacific region with a significant spike in financial fraud scams last year. Aman Dayal, Asia-Pacific head of trust & safety operations for Google Play, stated during an online media briefing that Singapore, Thailand, and India were particularly affected. With over 90% of smartphone penetration rates, the…
