Search Results for: Thailand's economy
- Politics News
Cabinet reshuffle coming as 4 economic ministers resign
PM Prayut Chan-o-cha says he’ll reshuffle the Cabinet following the resignations of 4 economic ministers from the ruling Palang Pracharat Party. The finance minister, energy minister, the minister of higher education, science, research and innovation and the deputy secretary-general to the PM and secretary to the Council of Economic Ministers held a joint press conference to announce their resignations. Political…
- Economy News
Thai nightlife grapples with “new normal”
Thailand’s nightlife scene is grappling with a ‘new normal’ as changes upon its recent reopening see facemasks joining the normal bikini wear in red-light districts across the Kingdom. After being forced to close for more than 3 months in order to stop the spread of Covid-19, bars, karaoke venues and massage parlours are in the latest category of businesses allowed to…
- Politics News
Prawit tipped to become leader of ruling Palang Pracharat party executive
Whilst the attention of the country has been on the CCSA, with the PM at the helm, and their handling of the Covid-19 outbreak, there has been ongoing dissent inside the ruling Palang Pracharat party which boiled over yesterday with the resignation of 18 members of the party’s executive committee. There’s been building conflict within the party whilst the PM…
- Covid-19 News
Ayutthaya welcomes visitors after restrictions lift
Ayutthaya is welcoming visitors again after months of empty temple grounds as another set of restrictions were lifted over the weekend, allowing temples and historical sites to open back up. Thailand’s economy is dependant on tourism and officials hope to get at least some domestic trips up and running by June. The Ayutthaya governor says the province is now safe from…
- Covid-19 News
Covid-19 causes ‘Koi’ to contemplate an abortion
The Planned Parenthood Association of Thailand, under the Patronage of HRH the Princess Mother, marks their 50th anniversary tomorrow, but today more than ever, Thai women are being forced to ask the difficult question of how to manage an unplanned pregnancy during the Covid-19 global pandemic. As government policies to contain the Covid-19 virus continue to devastate Thailand’s economy, some…
- Covid-19 News
Third stimulus package coming, valued at 500 billion baht
Thailand’s economy has been hit hard by the Covid-19 coronavirus pandemic, as it’s heavily reliant on exports and tourism. As of yesterday, Thailand had reported 1,524 cases of coronavirus and nine deaths as a result of the outbreak. So the finance minister yesterday announced a new stimulus package valued at more than 500 billion baht to alleviate the impact. The…
- Economy News
Help is on the way: 100 billion baht stimulus package passed
Eyeing the effects of the coronavirus outbreak on the nation’s already battered economy, the government yesterday approved a stimulus package, anticipated to cost more than 100 billion baht. The package was approved in a meeting of the Council of Economic Ministers, led by Prime Minister Prayut Chan-o-cha, and will be forwarded to the cabinet for approval on Tuesday. After the…
- Property
Bangkok has a surplus of 100,000 new condos as Chinese buyers stay home
Bangkok’s condominium market is facing its biggest challenge in decades with one of its key feeder markets sitting it out at home. The capital’s soaring condo market, once a favourite for Chinese investors, looks towards a bleak year with Chinese investors having other things to worry about, or simply unable to travel to Thailand, due to coronavirus fears. Bloomberg economists predict…
- Business News
Baht to climb higher against USD, more pressure on exports
The Thai baht is set to soar further as one side effect of the latest escalation of the China-US trade war. Economists say the latest tit-for-tat trade sanctions will hasten foreign capital inflows into Thailand’s “safe haven” bond market while the US Federal Reserves may again cut interest rates, adding more fuel to the situation. Meanwhile the Thai export situation…
- Thailand News
Thailand tourism faces uncertainty over Brexit fallout
MARKETS across Asia are reeling after it became known this afternoon that Great Britain will exit the European Union. Investors are fleeing to more stable currencies, such as the US dollar, the Swiss Franc and the Japanese Yen, causing major upheavals in Japan whose government has been trying to devalue the Yen in an effort to increase exports and stimulate…
- Phuket News
Phuket now home to largest marine service center in Thailand
PHUKET: The largest Yamaha marine service center in Thailand opened for business in Phuket on April 30. Tourism and Sports Minister Kobkarn Wattanavrangkul attended the grand opening of the 70-million-baht Yamaha Marine Service Center covering three rai in Koh Kaew. Watchara Marine Co Managing Director Tanate Satienpan said the opening of the facility marks an ambitious expansion into the marine…
- World News
Foreign minister reaffirms Japan’s economic ties to Thailand
PHUKET MEDIA WATCH – World news selected by Gazette editors for Phuket’s international community Foreign minister reaffirms Japan’s economic ties to Thailand Phuket Gazette / Reuters BANGKOK: Japan’s foreign minister arrived in Bangkok on Sunday aiming to reaffirm economic ties after Japanese investments in Thailand slumped last year amid political concerns as well as stiff competition emerging from more nimble…
- Phuket News
Superyachts arrive: Thailand to be Asean marine hub
PHUKET: Deputy Prime Minister Tanasak Patimapragorn opened the inaugural Thailand Yacht Show (TYS) in Phuket on Thursday, as the country positions itself to directly, and indirectly, benefit from superyachts and their ultra-wealthy owners. TYS, currently underway at Ao Po Grand Marina, will run until February 14, with about 40 yachts and at least 14 superyachts on display. Gracing the waters…
- Phuket News
Video Report: Phuket guides demand action
PHUKET: About one hundred tour guides descended upon Phuket Governor Nisit Jansomwong today, demanding that they be allowed to partake in the investigation into illegal tour guides and that the governor evaluate the performance of the current director of the Ministry of Tourism and Sports (MOTS) Phuket Office. “We are following up on promises made last year about foreign tour…
- Phuket News
Alcohol relief: National ban details cleared up for businesses
PHUKET: A collective sigh of relief could be heard from Phuket officials as clarification of a national alcohol-sales ban officially arrived this week. The ban, passed by the Cabinet and signed into law by Prime Minister Gen Prayut Chan-o-cha, forbids the sale of alcohol within 300 meters of an ‘educational institution’. However, what qualifies as an educational institution was originally…
- Phuket News
Proposed sweeping alcohol-sales ban worries Phuket officials
PHUKET: Island officials have expressed concern about an alcohol sales ban expected to take effect next week that will affect all businesses within a 300-meter radius of academic institutions. Despite their concerns, local authorities have noted that they will have to obey and enforce the new regulation, although some believe it will have a negative effect on businesses. “The draft…
- Thailand News
Cambodia frees Veera
PHUKET MEDIA WATCH – Thailand news selected by Gazette editors for Phuket’s international community Cambodia frees Veera The Nation / Phuket Gazette PHUKET: Cambodia yesterday released yellow-shirt activist Veera Somkwamkid after he was granted a royal pardon, for the sake of bilateral relations with Thailand and on humanitarian grounds, Thai Foreign Ministry permanent secretary Sihasak Phuangketkoew said. Veera was arrested…
- Business News
Coup d’etat or coup de grâce?
PHUKET: The change in government on May 22 seems to have occasioned a very different response from inside Thailand as compared with that of the world outside. The coup may have delivered the coup de grâce to the political turmoil, which not only paralyzed public policy but also saw international investors accelerating their already significant sell-off of Thai assets. Foreign…
- Chiang Mai News
Phuket Gazette Thailand News: Protests may cost B40bn; Tourism fears rise; Army maintains no coup; OAG stirs elections wasteful
PHUKET MEDIA WATCH– Thailand news compiled by Gazette editors for Phuket’s international community Prolonged siege may cost Bt40 bn The Nation / Phuket GazettePHUKET: The Bangkok Shutdown is expected to whack Bt40 billion off the economy or 0.2 percentage point off its growth as consumers cut back on daily living and travel expenses, according to the University of the Thai…
- Property
Indian tycoon eyes Thailand
PHUKET: Asgar Patel, group chairman of India-based multinational House of Patels, and one of the wealthiest people in India and the United Arab Emirates, earlier this week expressed an interest in investing in Phuket’s property market. “We are interested in investing in the Thai property sector not only in Bangkok, but also in other locations such as Hua Hin and…
- Phuket News
TAT targets yachties in new Phuket strategy
PHUKET: Phuket’s world-class marinas and vibrant yachting community are key to the Tourism Authority of Thailand’s new strategy to attract high-end tourists to the island. TAT Governor Suraphon Svetasreni believes the infrastructure already in place in Phuket means the island has the potential to become a world-class center for marine tourism. Phuket already has a number of marinas suitable for…
- Phuket News
Phuket Events: Yacht racing dominates
Phuket NEWS Hound – A daily digest of news from around the world compiled by Gazette editors for Phuket’s international community. World Cup? Get instantaneous scores and news updates right here on the Gazette Online (fed directly from FIFA). PHUKET: The third SEA Property International Phuket Multihull Championship will take place July 16-18 in the Chalong Bay area. This increasingly…
- Phuket News
Phuket impact: Gov’t should waive duty on luxury goods
PHUKET: A major retailer’s suggestion yesterday – that import duties be removed on luxury products – could draw more tourists to Phuket and boost Thailand’s economy. The measure was part of proposals made by Thailand ‘s largest retail conglomerate, Central Retail Corporation (CRC), along with with major suppliers who are seeking government support for retail and related industries. The priority…
- Phuket News
Phuket ‘Halal Expo’ starts April 30
PHUKET CITY: Phuket is set to host the “World of Halal Science, Industry & Business International Conference 2009” and “Halal Expo”, aimed at turning the southern region into a center of the halal-related industry. Winai Dahlan, dean of the faculty of allied health sciences at Chulalongkorn University, said the dual events were scheduled to be held between April 30 and…
- Phuket News
Thailand weakened, but government stronger after riots
PHUKET: Prime Minister Abhisit Vejjajiva announced yesterday that the state of emergency would remain in place even though the authorities had managed to bring the anti-government protests to a tentatively peaceful conclusion. “The situation has eased and is almost back to normal. But the mission of the emergency decree has not been completed. The government will not be careless, and…
- Phuket News
Phuket must decide on expo center: Chavalit
PHUKET TOWN: Phuket and its tourist trade are essential to Thailand’s economy but what matters most is that the island’s inhabitants decide their own future, Deputy Prime Minister Gen Chavalit Yongchaiyuth said today. “I’d like to ask if Phuket people really want to build the International Convention and Exhibition Center (ICEC) or not,” he said of the controversial 2.5-billion-baht project…
- Phuket News
Chuan leads Democrat vote drive
PHUKET CITY: Former Prime Minister Chuan Leekpai and other Democrat Party leaders went walkabout and attended a rally at Saphan Hin on Saturday to support Anchalee Vanich-Thepabutr’s bid to win the presidency of Phuket’s Provincial Administration Organization (OrBorJor). Among others in attendance at the walkabout and rally were current Democrat Party leader Banyat Banthadtan and senior members Trairong Suwankiri and…
- Phuket News
Deputy PM launches recycling initiative
PHUKET TOWN: Deputy Prime Minister Pitak Intrawitayanunt launched a government initiative yesterday to sort and recycle trash in Phuket. Participants in a seminar at the Metropole Hotel discussed various ways to effectively dispose of trash to lighten the workload of the overburdened municipal incinerator at Saphan Hin. Khunying Chodchoy Sophonpanit, Chairperson of the Thai Environment & Community Development Association (TECDA),…
- Phuket News
Facts about Thailand
BANGKOK (AFP): Thailand, which is holding general elections today, is a constitutional monarchy nominally headed by revered King Bhumibol Adulyadej. The following are key facts about Thailand: GEOSITUATION: A Southeast Asian country surrounded by the Gulf of Thailand, the Andaman Sea and Indian Ocean. Thailand borders Myanmar, Cambodia, Laos and Malaysia. POPULATION: 62.5 million. ETHNIC GROUPS: Thai/Lao 94 percent, Chinese…
- Phuket News
Astrologers say recovery not on cards for 2001
BANGKOK (AFP): Thailand’s influential astrologers say their crystal balls and tarot cards confirm what financial analysts have learned from spreadsheets and graphs — the economy is in for a tough time in 2001. Hopes that Thailand could shake off the legacy of the 1997 economic crisis in the New Year will be dashed, as the forces of nature forecast the…
