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- Thailand News
Thailand in talks with China to swap submarine for naval vessels
Defence Minister Sutin Klungsang is near finalising discussions with China to acquire alternative naval vessels instead of a submarine, aiming to conclude the talks by the end of this month. The negotiations began following Klungsang’s recent trip to China, where he introduced the proposal. China has shown openness to Thailand’s request to purchase two offshore patrol vessels (OPVs) or a…
- Thailand News
Thai rice redemption price drops ahead of farming season
The upcoming farming season in Thailand, set to start this month, is witnessing a significant drop in the rice redemption price. This sharp decline, according to the Thai Agriculturist Association, is primarily due to market mechanisms and an oversupply of rice, particularly a Vietnamese variety. Agriculturist Association President Pramote Charoensilp noted that during the first crop season of the year,…
- Business News
Gold soars to unprecedented heights amid geopolitical tensions
As the second quarter of the year commences, gold has reached unprecedented heights, thanks to geopolitical tensions and the Federal Reserve’s impending rate cuts. The precious metal’s price soared to as high as US$2,259.69 per ounce, marking an increase of 1.3% from its value at the end of last week. The Federal Reserve’s preferred measure of core inflation, the core…
- Business News
World Bank predicts 2.8% economic growth for Thailand
The World Bank predicted a modest economic growth of 2.8% for Thailand in 2024, with an acceleration of 3.0% in 2025. This forecast announced today, April 1, is underpinned by the nation’s struggling exports and a postponed budget. This projection for 2024 and 2025 marks a decrease from the previously estimated figures of 3.2% and 3.1%, respectively, set in December.…
- Business News
Thai government stakes its future on casino complex amid pressure
The Government of Thailand is under pressure to review the specifics of the proposed casino and entertainment complex, aimed at boosting economic growth. According to Senator Sangsit Piriyarangsan, who has been investigating casino legalisation, the current plan requires adjustments. Sangsit argues that the bidding process for the casino complex project should not be exclusive to Thai companies. By enabling foreign…
- Pattaya News
Thai police arrest foreigners for fraud in Bangkok and Pattaya
The Thai Immigration Police Bureau (IBP) successfully apprehended two foreign nationals, originating from South Korea and Taiwan, in Pattaya and Bangkok. Both individuals were being actively pursued by their respective countries for allegations of fraud. The first individual apprehended, known under the alias of Oh, is a 51 year old hailing from South Korea. He was found in a condominium…
- Thailand News
Online prayer nets over 100,000 baht windfall and 200 Thai treats offered in thanks
A fortunate individual’s online prayer for luck turned into a windfall of over 100,000 baht (US$ 2,700), leading to a generous offering of 100 sets of traditional Thai boat noodles and 100 sets of coconut milk desserts as a gesture of gratitude. The offerings were made at the revered hermitage of the hermit in Ayutthaya, which has recently gained popularity…
- Thailand News
Korea aerospace industries proposes to sell FA50 light fighters to Royal Thai Air Force
Korea Aerospace Industries (KAI) has presented a proposal to the Royal Thai Air Force (RTAF), offering to sell its FA50 light fighters. The RTAF has earmarked 19 billion baht for the procurement of new fighter jets in the forthcoming fiscal year, as revealed by an insider from the Defence Ministry. The pitch was made by the CEO of KAI, Kang…
- Thailand News
Srettha inaugurates Thailand Tourism Festival 2024
Prime Minister Srettha Thavisin inaugurated the 42nd Thailand Tourism Festival 2024 at the Queen Sirikit National Convention Centre in Bangkok. Joined by officials from the government and private sectors, including Tourism and Sports Minister Sudawan Wangsuphakijkosol and TAT Governor Thapanee Kiatphaibool, the event kicked off with grandeur. “Tourism is at the forefront of our nation’s socio-economic development. We’re leveraging our…
- Thailand News
Thailand and UK forge economic alliance
Deputy Prime Minister Phumtham Wechayachai and Lord Dominic Johnson of Lainston CBE, along with British Ambassador Mark Gooding, engaged in a diplomatic meeting to discuss economic collaboration between the UK and Thailand. The crux of Thursday’s discussions revolved around fortifying economic ties, amplifying trade relations, and fostering investment opportunities. This pivotal dialogue laid the groundwork for signing a Memorandum of…
- Thailand News
Parliament in favour of legalising gambling to boost economy
The House of Representatives voted in favour of legalising gambling while boosting the nation’s economy. The special commission championing the creation of integrated entertainment complexes unveiled its plan, urging the government to join hands with the private sector. The commission stressed that public involvement is key, advocating for the legalisation of specific gambling forms like Thai boxing to drive this…
- Thailand News
Pattaya Port Authority prepares 700 speedboats for Songkran
As the Songkran Festival looms closer, Pattaya Port Authority prepares for an influx of travellers with an initiative to ensure safety and convenience. From April 11 to 17, they are set to facilitate seamless water travel between Koh Larn and Pattaya. To cater to the needs of both locals and tourists, the authority has orchestrated a fleet comprising 60 passenger…
- Thailand News
Thailand, China, and Laos forge new routes
Thailand is in talks with China and Laos to revolutionise their airspace, with Aeronautical Radio of Thailand Co Ltd (Aerothai) president Nopasit Chakpitak revealing plans to accommodate a staggering 100,000 more flights. The proposed parallel routes aim to alleviate congestion in the current flight path, labelled a bottleneck in northwestern Laos by the International Civil Aviation Organisation (ICAO). Once the…
- Thailand News
DSI: International scammers caught in massive call-centre bust
The Department of Special Investigation (DSI) has dismantled a notorious call-centre syndicate operating from Nakhon Si Thammarat province. Led by DSI’s acting director-general Police Major Yutthana Praedam, the crackdown unveiled a web of deceit spanning across Thailand, China, and Russia. A total of 71 suspects, comprising 52 Chinese nationals and 19 Thai accomplices, were arrested during the raid orchestrated by…
- Thailand News
Bangkok Airways anticipates 20% revenue growth
A projected 20% growth in passenger revenue is on the horizon for Bangkok Airways this year as the company shifts its pricing strategy in response to a resurgence in demand. The airline’s forward bookings for the Songkran festival and the second quarter are looking strong. Puttipong Prasarttong-Osoth, the airline’s president, voiced optimism about the Thai aviation industry’s recovery from last…
- Thailand News
Rayong fishing groups sue Star Petroleum over oil spill devastation
A class action lawsuit has been initiated by 14 individuals from Rayong, representing fishing groups and local businesses. They are suing Star Petroleum Refining Company (SPRC), the owner of an underwater oil pipeline that ruptured in 2022, claiming that the subsequent major oil spill has devastated their livelihoods. These individuals are part of a local fishing community known as Pak…
- Thailand News
Thai police seize 20 kg of meth from Chinese nationals in Bangkok
Thai authorities have apprehended two Chinese nationals involved in the illicit trade of meth pills in Rama 9 district, Bangkok. The individuals, identified as 25 year old Li Xiang Song and 29 year old Yang Zhou, were arrested in a high-end condominium in the Rama 9 district. Upon their capture, an astounding 18.8 kilogrammes of methamphetamine was seized along with…
- Business News
Bangkok’s residential market downturn with 22.5% annual decline
Greater Bangkok’s residential market saw a downturn in the final quarter of last year, with new units sold shrinking by 14.5% compared to the previous year. This contributed to an overall annual decline of 22.5%, as reported by the Real Estate Information Center (REIC). Vichai Viratkapan, the acting director-general of the centre, attributed this to a mismatch between supply and…
- Guides
3 most popular trading instruments in Thailand
In Thailand’s dynamic financial landscape, there is increasing interest in investment and trading in foreign instruments among Thai investors. Facilitated by online trading platforms, individuals are exploring financial opportunity and navigating the landscape to gain insights. XM, a globally recognized broker, provides valuable services for trading multi-asset foreign instruments to expand your investment horizons. Open an account for more opportunities!…
- Thailand News
Thai foreign minister jets off to Japan for diplomatic meeting
The Thai Foreign Minister is gearing up for a crucial diplomatic mission to Japan amidst mounting concerns over the potential revocation of visa-free privileges for Thai travellers. Reports suggest that Japan is contemplating this drastic measure due to a surge in Thais overstaying their welcome. In a statement released today, Parnpree Bahiddha-Nukara acknowledged Japan’s right to enforce its laws but…
- Thailand News
Koh Samui sees tourism surge as summer heats up
Foreign tourists have been descending in droves on Koh Samui, Surat Thani, with local media reporting that the island’s tranquil environment and idyllic beaches are proving irresistible to visitors. Wednesday saw Bangkok Airways completely booked for 43 flights throughout the month, suggesting a daily influx of over 4,500 individuals to the popular island. Koh Samui, known for its relaxing atmosphere,…
- Business News
Thailand’s BoI plans more foreign semiconductor investment
The Board of Investment (BoI) of Thailand has expressed an interest in attracting further foreign investment for the production of advanced semiconductors this year. This move comes as numerous businesses from China and Taiwan are looking to expand their investments in Thailand, particularly for printed circuit boards, to circumvent geopolitical risk, said Wirat Tatsaringkansakul, the BoI Deputy Secretary-General. “Companies will…
- Business News
PTT plc eyes green methanol production
PTT Plc, a major national oil and gas conglomerate, is contemplating the construction of a green methanol production facility. The project, costing an estimated 3.1 billion baht, aligns with PTT’s initiative to curtail carbon dioxide emissions and manufacture methanol-derived fuels. Traditionally, methanol production relies heavily on fossil fuels. However, PTT’s proposed method utilises biomass or carbon capture techniques, paving the…
- Business News
LiVE Fin Corp launches new S curve to capital market initiative
LiVE Fin Corp, under the aegis of the Stock Exchange of Thailand (SET), has set in motion a new initiative that seeks to bolster the potential of 60 entrepreneurial entities, startups, and small to medium-sized enterprises (SMEs) in high-growth sectors. The initiative, christened “New S Curve to Capital Market,” has been crafted in partnership with KPMG Thailand, the National Innovation…
- Thailand News
Taiwanese and Thai nationals charged for heroin smuggling
Taiwanese aviation police have cracked down on an international drug cartel smuggling heroin which involved one Taiwanese and four Thai nationals. The cunning scheme involved smuggling a whopping 36.644 kilogrammes of heroin into Taiwan, with an eye-watering value of over US$3.1 million (approximately 113 million baht), as disclosed in a press release by the Aviation Police Bureau (APB) yesterday. According…
- Thailand News
Police chief takes down lawyer for bribery charge
The legal team of Police Commissioner-General Police General Torsak Sukvimol is gearing up to take down a high-profile celebrity lawyer who pointed his finger at the police chief in the bribery case. Lawyer Suteepong Chevitcharoen, flanked by Atchariya Ruangrattanapong, chairman of the Crime Victims Assistance Club and a key member of Torsak’s legal defence squad, made the announcement. The target of…
- Thailand News
Malaysian tourists inquire Thai immigration arrival card exemption
Inquiries from Malaysian tourists have flooded hotel operators, eager for the inside scoop on Thailand’s immigration policy regarding the exemption of arrival cards for travellers from Malaysia. Songchai Mungprasitthichai, chairman of the Songkhla Tourism Promotion Association, revealed that Malaysians are particularly curious about potential extensions beyond the current expiry date of April 30. Travellers from all corners of the globe…
- Thailand News
Stainless steel recycling key to fighting climate change in Thailand
Netherlands-based metals recycling powerhouse Oryx Stainless unveiled a study that could transform the climate change game in Thailand. A study commissioned by Oryx Stainless unearthed a remarkable potential for mitigating climate change through increased stainless steel recycling, shedding light on its societal and environmental benefits. Conducted by a collaboration of Thai and German scientists, with support from The Fraunhofer Center…
- Thailand News
Thai AirAsia sees triple surge in China flight bookings
In the wake of the permanent visa-free arrangement between Thailand and China, Thai AirAsia saw a wave of soaring bookings, catapulting towards a threefold increase in flights from Thailand to mainland China. Tansita Akrarittipirom, the director of commercial operations at Thai AirAsia, revealed that the company is witnessing a seismic shift in passenger demographics. “Previously, only 10% of our passengers…
- Thailand video news
Thailand Video News | Cannabis-induced paranoia police chase, Gay couple arrested in Bangkok for drugs and extortion
In today’s news, Alex and Jay present a lineup of captivating stories from Thailand. From a Phuket villa manager’s fake robbery to conceal misused deposits, to a high-speed chase in Phetchabun due to cannabis consumption, the headlines are as varied as they are compelling. Other highlights include a romance scam defrauding a Thai millionaire, an intentional vehicle clash outside a…
