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- Thailand News
Delayed launch of Thailand’s 500 billion baht digital wallet rattles government
The much-anticipated 500-billion-baht (US$14.3-billion) digital wallet initiative, a flagship policy of the Pheu Thai-led government, has hit a snag. The planned rollout for May has been deferred, according to Deputy Finance Minister Julapun Amornvivat, delivering a blow to Prime Minister and Finance Minister Srettha Thavisin’s coalition government, which has been promoting the scheme as a lifeline for the faltering economy.…
- Business News
Thai Cabinet ratifies 3.6 trillion baht budget for fiscal year 2025
The Thai Cabinet ratified a 3.6 trillion baht budget for the fiscal year 2025. This sees an expansion of the budget deficit to 713 billion baht, a 2.89% increase from the previous year. The new budget was approved by the Cabinet on Tuesday, following its presentation by the Budget Bureau. It was announced by the Deputy Government Spokesperson, Rudklao Suwankiri.…
- Business News
Chirathivat family’s CG Capital kickstarts with 10 billion baht
The Chirathivat family’s private equity fund, CG Capital Advisory, is kicking off its operations with an impressive 10 billion baht. The fund aims to capitalise on the recovering tourism sector by investing in hospitality and real estate. CG Capital, spearheaded by Phoom Chirathivat, partnered with prominent institutional investors to channel this fund into investments in hotels and tourism-related businesses. These…
- World News
Model Khoury’s brave journey after pit bull attack costing 14 million baht
Influencer Brooklinn Khoury successfully overcame her fear to share her traumatic experience following a pit bull attack that disfigured her face three years ago. This life-changing event happened when she visited her relatives in Arizona on November 3, 2020. The attack required numerous surgeries costing over 14 million baht (US$400,000) and significantly changed the 22 year old’s perception of physical…
- Thailand News
Thai government’s 500 billion baht Digital Wallet Scheme hangs in the balance
The eagerly anticipated meeting of the Digital Wallet Committee has been abruptly postponed. Commerce Minister Phumtham Wechayachai revealed that the delay hinges on the National Anti-Corruption Commission’s (NACC) awaited verdict. Council of State’s Secretary General, Pakorn Nilprapunt advocated for the committee to seek input not just from the Council of State but also from the NACC. Last week, the Council of…
- Business News
Thailand’s chat commerce predicted to hit 1.14 trillion baht by 2028
Chat commerce in Thailand is expected to reach a staggering 1.14 trillion baht by 2028, according to predictions by Line Thailand. This substantial increase, up from 462 billion baht in 2023, represents a compound annual growth rate of 19.2%. Jirat Watanakarin, who heads e-commerce growth and strategy at Line Thailand, said Thailand is one of the world’s largest markets in…
- Thailand News
97 year old woman’s 3.4 million baht stolen by assistant in Thailand
A 24 year old man has been arrested for stealing over 3.4 million baht (US$96,840) from an 97 year old woman. The arrest of the accused, Thanapat (surname withheld), was executed today (January 16), by Police Lieutenant Colonel Piyaphong Wongketuchai, the head of Ban Pong Police Station in Ratchaburi Province, along with his investigative team. The stolen money was spent…
- Thailand News
Thai government spends 185 billion baht in 123 days met with criticism
Prime Minister Srettha Thavisin’s coalition government unleashed a whopping 185 billion baht assault on Thailand’s economic and social quagmires, thansettakij.com on January 13. The audacious measures by the 61 year old PM include a multifaceted approach to lighten the burden on citizens, with reductions in fuel and electricity prices, financial lifelines for struggling small to medium-sized businesses, debt relief for…
- Thailand News
Mystery shrouds millionaire model Yoko’s death: Suicide or foul play?
The death of Praowrawee Sahasathapong, commonly known as Yoko, a millionaire model, continues to be shrouded in mystery. Recently, Police Lieutenant Colonel Wittawat Chinkham of the fifth precinct confirmed the initial theory of suicide, following the discovery of cyanide and a farewell message. However, Yoko’s mother remains unconvinced of her daughter’s self-inflicted death. On November 1, Yoko’s body was discovered.…
- Thailand News
Four MFP MPs resign over 1-trillion-baht Land Bridge megaproject
A quartet of MPs from the Move Forward Party (MFP) resigned from a House committee that was examining the 1-trillion-baht Land Bridge megaproject. Their reason for stepping down was their refusal to passively approve a venture they fundamentally disagreed with. MFP MP Julapong Yukate reported that the committee’s final meeting was held yesterday, where they were supposed to endorse a…
- Thailand News
Thai police raid gambling den, seize assets over 1 million baht
A gambling den in Nakhon Si Thammarat’s Muang district was raided on Thursday evening, resulting in the arrest of nearly 130 people and the seizure of assets worth approximately 1 million baht. The Department of Provincial Administration (DOPA) executed the raid in Soi Kru Somboon, located on Saphan Yao Road in Tambon Na Kian, following a lead hinting at the…
- Thailand News
Democrat Party leader denies ties with billion-baht pork smuggling suspect
Democrat Party leader Chalermchai Sri-on yesterday refuted whispers of familial connections with the primary suspect in a billion-baht pork smuggling saga. Li Sheng Jiao, also known as Hia Kao (Brother Kao), is among four individuals sought by the Department of Special Investigation (DSI) on multiple charges including money laundering, customs act infringements and tax evasion. Earlier this week, arrest warrants were…
- Business News
Thai-llywood lights, camera, baht! 2023 sees record of 6.6 billion baht roll in from film shoots in Thailand
A record-breaking 6.6 billion baht was generated by over 466 film shoots in Thailand in 2023, marking an impressive 40% increase in revenue from the previous year. This remarkable upturn was largely credited to the production of high-budget films, including a blockbuster with a budget of 3 billion baht. Jaturon Phakdeewanit, the head of the Tourism Department, noted the significant…
- Thailand News
Chinese tourist tricked into purchasing 1.4 million baht counterfeit Hermes handbag in Bangkok
After being duped into purchasing a counterfeit Hermes crocodile leather handbag from a seller in Bangkok’s Ratchaprasong district, a Chinese tourist expressed frustration over the lack of a government agency to protect tourists’ rights. The victim, 27 year old Deng, wife of a Singapore-based Chinese businessman, enlisted a lawyer to report the incident to the media yesterday, January 10. She…
- Business News
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…
- Thailand News
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…
- World News
Unusual hobby of young woman cleaning public restrooms captivates millions
Madison, an unusual young woman with a fascination for bathrooms and cleaning, has been freely cleaning public restrooms in supermarkets. Her hobby, contrary to the usual distaste for cleaning dirty bathrooms, especially in public places frequented by many people, has led to her volunteering her time to clean bathrooms, shelves, and walkways in public areas without expecting any remuneration. The…
- Pattaya News
Pattaya targets 27 million tourists in 2024 with robust strategies
Thai government officials have set their sights on ambitious targets and goals to bounce back from the economic fallout caused by the Covid-19 pandemic restrictions in 2024. Pattaya, whose economy is heavily dependent on tourism, amounting to about 90%, was majorly impacted as it has not yet fully recovered to the 2019 levels, according to the Tourism Authority of Thailand…
- Thailand News
Thailand’s 1-trillion-baht Land Bridge megaproject receives robust defence
The Land Bridge megaproject, a 1-trillion-baht initiative in Thailand, received robust defence from Prime Minister Srettha Thavisin and Pheu Thai MPs on Thursday. They stated that the project, designed to boost the country’s economy and development, could significantly improve the national economy if successful. PM Srettha, during the House debate on the 2024 fiscal budget, argued that the Land Bridge…
- Tourism News
Thailand’s tourism operators question 40 million visitors target
The government’s ambitious target of attracting 40 million foreign visitors is viewed as daunting by Thailand tourism operators, considering factors such as high travel costs, diminished demand in big markets such as China and Russia, and competition from surrounding nations. Thanet Supornsahasrungsi, who heads the Association of Chon Buri Tourism Federation, pinpointed the stagnant Chinese market as a significant issue,…
- World News
Vietnamese mother expertly bathes newborn with her feet: Inspiring millions
A video of Phan Tường Vy, a young mother from Dalat, Vietnam, bathing her one month old baby with her feet has gone viral, amassing hundreds of thousands of views. Born in 1995, she shared the video on YouTube, where it initially received nearly 250,000 views and has since climbed to over 750,000 views. In the video, Vy revealed that…
- Thailand News
Government’s budget blunder: MFP MP slams 3.5 trillion baht bill
In a fiery critique that rocked the House of Representatives, Move Forward Party (MFP) MP Sirikanya Tansakun aimed at the government‘s 3.48-trillion-baht budget for 2024, labelling it a masterpiece of unprofessional blunders. On the opening day of the budget bill’s inaugural reading, Sirikanya, the deputy leader of MFP, unleashed scathing criticism, claiming that the government had failed to craft a…
- Crime News
Air hostess interrogated over 20 million baht cocaine parcel to Australia
A 30 year old air hostess yesterday was interrogated for over six hours following the discovery of her name on a parcel containing 7.5 kilogrammes of concealed cocaine intended for delivery to Australia. The narcotics were hidden in 15 1-metre-long cushions within the parcel, initially intended for a Thai female student residing in Australia. The student had previously posted on…
- Business News
Gunkul Engineering targets 25 billion baht to fund renewable energy projects
Gunkul Engineering Plc, a leading renewables developer and construction company, announced intentions to generate 20.8-25 billion baht (US$607 million-730 million) through fundraising. The raised funds are earmarked for the development of 17 renewable energy initiatives, as part of the government’s 5.2-gigawatt renewable scheme. The company’s chief financial officer, Thitipong Techaratanayuenyong, disclosed the plans. In the previous year, Gunkul Engineering participated…
- Pattaya News
Pattaya’s tourism tide: Aims to lure 27 million visitors, making waves under local authority’s watch
The coastal city of Pattaya, under the auspices of the local tourism authority, sets its sights on drawing an impressive 27 million visitors this year. Urai Mukpradapthong, the director of the Tourism Authority of Thailand‘s Pattaya office, revealed this target, noting that it isn’t ambitious given the predicted number of tourists last year, which is expected to have hit the…
- Thailand News
Thailand tourism soars with 28 million visitors in 2023, dominated by Malaysia and China
A surge in international tourism has been witnessed in Thailand, with the Thai Minister of Tourism and Sports, Sudawan Wangsuphakijkosol, disclosing that over 28 million foreign tourists graced the country in 2023. This massive inflow of tourists contributed to an impressive income of over 1.2 trillion baht (US$35 billion). The leading countries, from where these tourists hailed, were Malaysia, with…
- Business News
Bitcoin surges above 1.537 million baht marking a significant peak
With a noteworthy rise of 3%, Bitcoin surged above US$45,000 (1.537 million baht) today, marking its first significant peak since April of the previous year. This considerable leap has signalled an auspicious start to 2024 for the world’s leading and most recognisable cryptocurrency. Earlier in the day, Bitcoin had reached an impressive 21-month high of US$45,386 (1.550 million baht). It…
- Phuket News
Phuket welcomes 2024 with soaring tourist numbers and an 8 billion baht boost
Thailand’s famed island paradise of Phuket has just witnessed an impressive upswing in tourist numbers over the new year break. The Tourism Authority of Thailand (TAT) Phuket office has confirmed that the island has welcomed a remarkable 265,000 visitors, contributing more than 8 billion baht to the local economy. The head of the TAT Phuket office, Lertchai Wangtrakuldee, provided these…
- Thailand News
Bazaar hotel Bangkok slapped with 1.3 million baht fine for unlawful construction
Following the removal of the statues of Kru Kai Kaew and other deities, including Khun Paen, Umathumma, Brahma, nine-tailed fox, Thep Heng Chia, Thep Naja, and Thep Chaothaising, from the premises of The Bazaar Hotel Bangkok yesterday, a hefty fine of over 1.3 million baht (US$ 37,325) was levied on the company for unlawful construction activity in the area. Despite…
- Thailand News
Thai municipal employees hit the lottery jackpot of 6 million baht
A couple, both municipal employees of the Subdistrict Administrative Organization, celebrated the new year with a win at the lottery – a whopping 6 million baht (US$ 172,271). Forty four year old Nitaya Pongsawin, and her 38 year old husband, Nopadol Khonsawan, who live in Srisamran Subdistrict, planned to construct a new building in their field in honour of their…
