Search Results for: Israel
- Thailand News
Thailand military upgrade: Defense Ministry responds to emerging threats
Thailand’s Defence Ministry is gearing up to bolster the country’s armed forces, aiming for a technologically superior edge to counter emerging security threats. Defence Minister Sutin Klungsang highlighted the Thailand military upgrade commitment during his address to the incoming batch of the National Defence Course at the National Defence College yesterday. Sutin conceded his previous misunderstanding regarding military expenditure, stressing…
- Thailand News
Thai hostages likely first to be released amid Gaza conflict
Deputy Prime Minister and Foreign Affairs Minister, Parnpree Bahiddha-Nukara, announced that Thai workers held captive by Hamas are likely to be among the first released. This update came as the Israeli military amplified its assault on Hamas in the Gaza Strip, with the majority of Thai workers still in Israel now situated in safe zones. Around 30,000 Thai workers were…
- Thailand News
Germany grants 16 billion baht to Thailand for climate change projects
Thailand is set to receive a significant contribution of 422 million euros (16 billion baht) from Germany, intended to fund various projects addressing climate change impacts. The announcement was made by Ernst Reichel, the German Ambassador to Thailand, during a press briefing yesterday. Reichel, who assumed his diplomatic role two months prior, underscored that climate change mitigation is a prime…
- Thailand News
Efforts to secure 23 Thai hostages from Hamas ramps up
Efforts are underway to secure the release of 23 Thai nationals currently held captive by Hamas militants, Prime Minister Srettha Thavisin reassured the public on Monday. The Bangkok-born prime minister affirmed their safety following confirmation from General Songwit Noonpakdee, the chief of the Royal Thai Armed Forces. PM Srettha shed light on the situation on November 6 when he mentioned…
- Thailand News
Thai Foreign Minister donates 3 million baht to UN for Palestine refugees
In a compassionate gesture, Panpri Phahitthanukon, Thailand’s Minister of Foreign Affairs, acted as a representative of his nation on November 3, in donating 3 million baht (US$84,451) to the United Nations (UN) to provide aid to Palestine refugees. This generous contribution is aimed at offering support during a tumultuous time in the Gaza Strip and expresses Thailand’s condolences for those…
- Thailand News
Hamas: Negotiations to release Thai hostages get assistance from Qatar, Egypt and Iran
The Deputy Prime Minister and Minister of Foreign Affairs, Parnpree Bahiddha-Nukara, has revealed that Qatar, Egypt, and Iran have committed to assisting in negotiations with Hamas for the safe return of Thai hostages. This announcement was made in a press briefing following Parnpree’s diplomatic visit to Qatar and Egypt, undertaken from October 30 to November 2, to discuss potential avenues…
- Thailand News
Thai citizens stranded in Myanmar amid escalating conflicts
Thailand is currently exerting efforts to bring back 162 Thai citizens who are presently stranded in Myanmar due to escalating conflicts between Myanmar’s junta forces and ethnic minority revolutionaries close to the Chinese border. This was confirmed by Thai officials. These events follow the tragic assault on October 7 where a minimum of 30 Thai individuals, primarily agricultural workers, were…
- Thailand News
Thai Airways launches direct flights from Bangkok to Istanbul
Thai Airways International (THAI) is set to start direct flights from Bangkok to Istanbul on December 1, marking a significant expansion of its international flight network. The announcement was officially made in a recent launch ceremony, presided over by the Chairperson of THAI Plan Administrators, Piyasvasti Amranand, and the Ambassador of the Republic of Turkiye to Thailand, Serap Ersoy. The…
- Business News
Thailand’s economy set to grow despite potential export decline
A prominent joint business group announced today that Thailand’s economy is set to grow by 2.5% to 3.0% this year, a prediction consistent with their previous forecast. This anticipated growth is attributed to government support measures and the tourism industry. However, the Joint Standing Committee on Commerce, Industry, and Banking (JSCCIB), which represents these sectors, warned of a potential decline…
- Thailand News
Thai hostages secured release promise from Hamas post Gaza offensive
Thai captives held hostage in Israel by Hamas have been promised release upon Israel’s cessation of its Gaza Strip offensive. This assurance was provided to Thai negotiators by Hamas representatives, as relayed by Saiyid Sulaiman Husaini, a Thai Muslim leader and head of a Shia Muslims association in Thailand. The promise was made during a meeting held at the office…
- Thailand News
PM’s land redistribution gift: Thai farmers in Udon Thani get a new year surprise
Prime Minister Srettha Thavisin yesterday announced the redistribution of over 9,276 rai of army-owned land in Udon Thani to landless farmers, as a new year gift. This significant move is part of the Nong Wua So development model aimed at alleviating poverty and landlessness issues among farmers. The Thai prime minister lauded the army’s decision to repurpose their surplus land…
- Business News
Thai MPI faces contraction amid global conflicts and tourism slump
The Office of Industrial Economics (OIE) anticipates a contraction between 4% to 4.5% in the Thai Manufacturing Production Index (MPI) this year due to less-than-projected tourism growth and geopolitical conflicts impacting the global economy. In contrast, the MPI was projected to shrink by 2.8% to 3.8% in July. The OIE further predicts a contraction of 2.5% to 3% in the…
- Thailand News
Hamas Thai hostages: Negotiations in progress for immediate release
Negotiations with Iran are in progress, with the Palestinian militant group, Hamas, indicating readiness to immediately release all Thai hostages. This crucial update was provided yesterday by Saiyid Sulaiman Husaini, a prominent figure amongst Shia Muslims in Thailand. The negotiating team, assembled by House Speaker Wan Muhamad Noor Matha, initiated discussions with Hamas at 10am local time yesterday in Tehran.…
- Thailand News
Thai Airways sees surge in bookings despite pandemic and global conflict
Thai Airways International (THAI) reported a surge in bookings on its European and Australian routes for the fourth quarter of this year, signalling a robust recovery for the airline even amid an ongoing pandemic. Despite the broader global economic slowdown and the Israel-Hamas war, these routes have witnessed heavy bookings. However, the Chinese market remains slow, possibly due to various…
- Thailand News
Thai workers may be released in next Hamas prisoner batch, says PM
Prime Minister Srettha Thavisin yesterday hinted at possible positive developments regarding the Thai workers held hostage by Hamas. Expectations are high that they may be part of the next release batch, following negotiations facilitated by Qatar. However, the Thai prime minister has not yet had an in-depth discussion with Foreign Minister Parnpree Bahiddha-Nukara on the matter. Out of the 50…
- Business News
SET forecasted to dip amid US bond yield uncertainty
The Stock Exchange of Thailand (SET) index, which dipped below 1,400 points last Friday, is anticipated to continue its downward trajectory this week, potentially hitting 1,330 to 1,350 points, as per market analysts’ predictions. Factors contributing to this trend include fluctuating US bond yields and uncertainties in global factors. Wikij Tirawannarat, a senior executive at Bualuang Securities, pointed out that…
- Business News
Asia’s crypto craze: Bitcoin’s impressive ascent fuels ETF hopes
The cryptocurrency market witnessed a notable surge in Asia, with Bitcoin reaching a near 18-month high. The climb in value today, October 24, by over 6% to US$35,198, is the highest recorded since May 2022 and is the result of speculation around the potential launch of a Bitcoin exchange-traded fund (ETF). Monday, October 23, saw Bitcoin’s best session in almost…
- Thailand News
Thai worker survives Gaza conflict, returns home after delayed salary payment
Thai worker Charnchai Chidkhoksung, who was based just 7 kilometres from the Gaza Strip, recently experienced the peril of war first-hand. The 31 year old was reunited with his family on Sunday night after enduring three months of conflict while working as a tomato collector in the embattled region. Charnchai and his colleagues were witnesses to the Hamas attacks, which…
- Business News
Thai government’s policy paradox: Digital wallet scheme and minimum wage hike under fire
The Thai government of Prime Minister Srettha Thavisin has faced significant challenges since coming to power seven weeks ago, with various commitments made during their campaign now under scrutiny. A crucial task includes the repatriation of Thai citizens affected by the Middle East conflict and the ongoing Israel-Hamas unrest. The Thai government’s promise to hike the daily minimum wage to…
- Business News
Thai therapists popularity in the Middle East bolsters remittances amid conflict
Overseas Thai workers are in the limelight as the conflict in Israel escalates in the region. Over 7,000 Thai individuals are awaiting evacuation, with instances of Thais being kidnapped by militants. Records from the Bank of Thailand reveal that the remittance from these overseas workers in the first three quarters of the current year was around 184 billion baht. Israel and…
- Thailand News
Thai labour ministry provides financial aid to bereaved families of workers
Eight Thai workers’ bodies were received at Suvarnabhumi International Airport today, with a detailed explanation of financial aid provided to the bereaved families. Permanent Secretary of the Ministry of Labour, Phairoj Chotikasathien, visited the airport to explain the procedure and participate in the mourning ceremony. Phairoj revealed that religious rites and wreath-laying ceremonies would be conducted upon the arrival of…
- Business News
Sky skirmish looms: Low-cost airlines face turbulence from price-dumping giants
The survival of emerging low-cost carriers in Southeast Asia could be threatened as dominant airlines may resort to price-dumping strategies to safeguard their market share. The airline industry’s seat recovery is also projected to take a decade to fully bounce back. Really Cool Airlines’ Chief Executive, Patee Sarasin, previously the chief executive of Nok Air, expects to obtain the Air…
- Tourism News
Phuket tourism industry generates 370 billion baht in eight months
Over the past eight months, the tourism industry in Phuket has managed to amass a substantial revenue of nearly 370 billion baht, as reported by the President of the Phuket Tourism Association. This encouraging development signals a significant rebound from the adverse effects of Covid-19, with the present surge in tourist numbers representing a remarkable 40% year-on-year rise when compared…
- Business News
Sunny-side up: Thai exports set to crack 3.6% growth in 2023
Positive prospects are forecasted for Thai exports next year, with an anticipated growth rate of 3.6%. This rebound follows a projected 2% drop this year, according to a recent report by the University of the Thai Chamber of Commerce (UTCC). UTCC’s president, Thanavath Phonvichai, attributes this optimistic projection to several factors including lower interest rates and easing inflation globally, which…
- World News
Hospital bombing in Gaza claims 500 lives (video)
A massive bombing attack by the apartheid Israeli regime in Gaza today resulted in the death of at least 500 people at a hospital, with Hamas labelling the incident as a war crime. The hospital was providing refuge to hundreds of patients and injured individuals. The Al-Ahli hospital, like many other facilities in Gaza, had been filled with Palestinians seeking…
- Business News
Middle East crisis and US inflation trigger 2% fall in Thai stocks
Escalating the Middle East conflicts and persisting high inflation in the US are contributing to a more than 2% fall in Thai stocks. The Stock Exchange of Thailand (SET) is encountering renewed selling pressure, with the index nearing a crucial resistance level of 1,400 points. Concurrently, gold prices have seen a sharp increase, reaching nearly US$1,950 (70,870 baht) per ounce…
- Thailand News
Thai prime minister zaps to police meeting in eco-style – EV-entful ride
The Prime Minister and Finance Minister, Srettha Thavisin, attended a National Police Office meeting today in an electric vehicle (EV) to reduce pollution. The meeting with Police Lieutenant General Torsak Sukvimol, the National Police Chief, was held in a white Tesla with Bangkok licence plates 2KHP5171. The 61 year old Thai prime minister personally stated that he chose a Tesla…
- Thailand News
Terrorism threat: Thai embassies in France and Morocco warn citizens
The potential threat of terrorism linked to the Israel-Hamas conflict has prompted Thai embassies in France and Morocco to issue stark warnings to Thai citizens residing or travelling in these regions. They have been instructed to steer clear of densely populated public areas and unnecessary excursions to tourist zones, which are perceived as susceptible to such attacks. The Royal Thai…
- Thailand News
Thai workers recount perilous experiences amid Gaza conflict
Recently returned Thai workers from conflict-hit Israel conveyed their harrowing experiences, raising questions about the government’s decision to send workers to the conflict-ridden zones, notably areas near the Gaza Strip. The first batch of 41 Thai workers landed in Thailand last Thursday on Israel Airlines flight LY 083, with 15 sponsored by the Thai government and the remaining 26 funding…
- Thailand News
Significant rise in Thai gold prices: ornaments now at 33,500 baht per baht weight
The Gold Traders Association (GTA) announced this morning a significant increase in gold prices compared to the previous day. The increase was reported to be 550 baht (US$15), with the price of gold ornaments set at 33,500 baht per baht weight. This is a marked jump from yesterday’s closing price of 32,305.96 baht per baht weight. The report released today…
