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- Business News
UTCC lowers Thailand’s 2023 economic growth forecast to 2.5%
The University of the Thai Chamber of Commerce (UTCC) lowered its economic growth forecast for 2023 to 2.5%, a dip from the previous prediction of 3% made in October of the previous year. The UTCC also anticipates a growth rate of 3.2% for the current year. The UTCC’s president, Thanavath Phonvichai, linked this downgrade to the third quarter’s lower-than-expected 1.9%…
- Business News
SF Holding’s acquisition to boost Thailand’s delivery services sector
The delivery services sector in Thailand is set to experience a surge in competition following SF Holding’s acquisition of shares in Kerry Express (Thailand). The move is poised to equip Kerry Express with a wider range of services and the potential for greater application of artificial intelligence (AI) technology, thereby boosting its competitive position. Shippop, a logistics aggregator, anticipates a…
- 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…
- Thailand News
Thailand mulls tax-free local alcohol to boost economy and tourism
A breaking development unfolded at 10.10am yesterday, January 2, with Thai Prime Minister Srettha Thavisin making a significant announcement after a Cabinet meeting centred on boosting international tourism and the national economy. The Thai government is contemplating overhauling the excise taxes and duties structures, with an eye on making Thai local alcoholic beverages tax-free and prompting a review of related…
- Thailand News
Thai criminal responsibility age may lower from 15 to 12 years
The Thai justice system is gearing up for profound changes to the legal age of criminal responsibility, potentially lowering it from 15 to 12 years old. This comes amidst growing concerns over an increasing trend of violent offences committed by younger individuals. The discussion was brought to light today at the National Police Office, by Police Lieutenant General Torsak Sukwimol,…
- Business News
BYD challenges Tesla’s supremacy with record EV sales in Q4
Leading Chinese car manufacturer BYD reported selling 526,409 fully electric vehicles (EVs) in the fourth quarter, challenging Tesla’s global market leadership. According to a stock exchange filing, BYD’s sales, boosted by end-of-year discounting, hit 340,178 EV and hybrid units in December, including 190,754 all-electric models. Overall, BYD reported a 62% year-on-year increase in 2023, selling 3.01 million units. The Shenzhen-based…
- Thailand News
Thai woman and Lao man shot dead at Isaan petrol station
Police are searching for a ruthless gunman who shot dead a Thai woman and Lao man at a petrol station in the Isaan province of Nakhon Panom. Security cameras at the scene where the two victims worked were out of order. The deaths of the 33 year old Lao man, Prommajak Sisupha, and 50 year old Thai woman, Witchuda Sisuming,…
- Thailand News
Gunfire incident shocks Maya Bay as national park officials dispute turns violent
A shocking incident took place among national park officials in the tranquil, serene region of Maya Bay on Phi Phi Island, leading to a heated dispute and subsequent gunfire. The injured individuals have been transported to the hospital, and no fatalities have been reported from this event, which occurred today, January 2. The dispute started during a meal at the…
- Thailand News
Thai government delays decision on electricity price reduction
Prime Minister Srettha Thavisin revealed that the Cabinet has not yet agreed to reduce electricity charges. Pointing out that Deputy Prime Minister and Energy Minister Pirapan Salirathavibhaga is not ready to present the numbers to reduce electricity charges by no more than 4.20 baht (US$0.12). He requested more time at 10.10am today, at the Government House. Before the Cabinet meeting,…
- Thailand News
Thai EV drivers demand more charging stations for smoother travel
Electric vehicle (EV) owners are voicing concerns over a lack of charging stations, as they scramble to charge their vehicles before embarking on the Korat-Bang Pa-in Motorway. The public is calling on the government to seriously support the increasing use of EVs. As people steadily return to Bangkok and central and eastern provinces, those driving EVs must plan their journeys…
- Business News
Bangchak to balance expansion and emission reduction
Bangchak Corporation Plc, the energy giant, has pledged to harmonise its business expansion with a reduction in greenhouse gas emissions over the next seven years. Chaiwat Kovavisarach, the CEO, emphasised the need to merge profitability with active initiatives to shrink the global warming-causing gases. The company and its subsidiaries are due to receive an allocation of 150 billion baht for…
- Business News
Thailand and China agree on permanent visa-free travel from March
Thailand Prime Minister Srettha Thavisin today announced a new permanent visa-free agreement between Thailand and China during a Cabinet meeting. This arrangement, set to start on March 1, will allow citizens from both nations to travel to each other’s countries without prior visa applications. This move marks an enhancement to Thailand’s existing visa-free policy for Chinese visitors, initially slated to run…
- Thailand News
House committee to inspect Land Bridge project impact on local
An investigative committee from the House is set to make a field visit to Chumphon and Ranong, the designated development areas for the much-anticipated Land Bridge megaproject. The committee’s objective is to garner insights into the project’s potential repercussions on local communities, according to an anonymous source. Presided over by Pheu Thai MP for Phayao, Wisut Chainaroon, the committee has…
- 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
Thai minister pitches pension perk: Varawut’s push for a raise in elderly stipend draws attention
Varawut Silpa-Archa, the Minister for Social Development and Human Security, voiced his backing for an increment in the monthly elderly stipend to 3,000 or 5,000 baht during a briefing yesterday, January 1 but stressed the hike’s financial feasibility for the country. The minister’s comments were a direct response to a legislative proposal, submitted by several civic organisations on December 21,…
- Business News
Thailand’s economy braces for slow growth
Thailand’s economy is set to experience slow growth in the coming years, with GDP forecasts for this year ranging between 3-3.4%. Several factors, including sluggish growth in exports, subdued Chinese demand for consumption and tourism, geopolitical risks, and a shortage of skilled workers, are expected to influence this. Despite these challenges, industry executives are optimistic and are devising strategies to…
- Thailand News
Thailand’s energy minister initiates major revamp of energy pricing structure
Pirapan Salirathavibhaga, the Deputy Prime Minister and Energy Minister, pledged to initiate a significant revamp of Thailand’s energy pricing structure, beginning with the removal of refined oil import restrictions. His commitment to this overhaul aims to alleviate the current strain of escalating energy costs on the populace. “I will overhaul the entire system to help ease the current burden of…
- Business News
Thai hospitality groups eye global expansion amid tourism recovery
The global tourism recovery has spurred Thai hospitality groups to broaden their horizons beyond domestic borders, tapping into the robust demand in numerous destinations. In the previous year, many hotel management companies reported substantial profits, with some even witnessing their average daily room rates surpass 2019 levels, particularly in prime locations. Minor International (MINT), the largest hotel chain in Thailand,…
- Thailand News
Fatal stabbing in Ban Pong escalates from heated argument
A fatal stabbing occurred in front of a convenience store in Ban Pong, Ratchaburi, following a heated argument between two women. The incident, which took place at 10.45pm yesterday, January 1, ended tragically as a man attempting to intervene was fatally stabbed. The crime scene was attended by Ban Pong Police Station Deputy Investigator Suksiri Chansacha along with Ban Pong…
- Aviation News
Thai authorities craft national oil proposal to boost sustainable aviation fuel
In a bid to bolster the aviation industry’s effort to curtail carbon dioxide emissions, Thai energy authorities are in the process of crafting a novel national oil proposal. The blueprint will cater to the evolution of Sustainable Aviation Fuel (SAF), a biofuel variant for aircraft. The appeal of SAF lies in its strong resemblance to jet fuel in terms of…
- Thailand News
Pattaya punch-up perplexes police: Viral video captures motorcycle taxi turmoil outside central mall
A viral video emerged on Thai social media over the weekend showing a brutal attack on a foreign man by two motorcycle taxi riders outside Central Pattaya shopping mall. Police said they had received no reports of the incident. The Facebook user, เดฟร็อก ไทย, shared the video of the attack on December 30 with a caption that said: Pattaya motorcycle…
- Thailand News
Bangkok developers warned over glut of affordable condos and townhouses
Real estate developers in Greater Bangkok should tread carefully when introducing new condos and townhouses priced under 2 million baht (US$58,241) due to a significant backlog of unsold units, warns Vichai Viratkapan, acting director-general of the Real Estate Information Center (REIC). Vichai highlighted that the condo and townhouse market for units priced under 2 million baht (US$58,241) experienced a slowdown…
- Thailand News
Thai prime minister ready for key 2024 fiscal year budget bill debate
Thailand Prime Minister Srettha Thavisin confidently announced yesterday his readiness to participate in the upcoming debate on the 2024 fiscal year budget bill. The discussions are set to kick off tomorrow, January 3. PM Srettha revealed that a series of discussions with coalition partners in preparation for the debate had taken place before the new year holiday. The primary aim,…
- Food
Jet set your palate through River Café & Terrace’s Culinary Passport
Tired of the same old dinner routine? Craving for an international buffet for your taste buds? River Café & Terrace, The Peninsula Bangkok’s waterfront garden restaurant, has the solution for you. Hop on their Culinary Passport journey where you can travel to different countries from your table every evening. From Thai cuisine Mondays to Italian specialities Saturdays, the dedicated team…
- Business News
Thai investors anticipate surge in depositary receipts popularity in 2024
Executives anticipate a surge in the popularity of depositary receipts (DRs) among Thai investors this year, with the investment tool offering a gateway to high-profile foreign stocks, risk diversification, and potential high returns. As they have become more prevalent on the Thai bourse, investors held DRs worth around 16 billion baht (US$466 million) on the Stock Exchange of Thailand (SET)…
- Thailand News
PM Srettha extends new year wishes, discusses govt’s plans
On the advent of the new year, Thailand Prime Minister Srettha Thavisin, in company with Supreme Patriarch and House Speaker and Parliament President Wan Muhamad Noor Matha, extended heartfelt wishes to the nation and its inhabitants. PM Srettha started his year with a visit to Wat Ratchabophit, accompanied by his wife, Pakpilai Thavisin. They expressed their reverence to the Supreme…
- Thailand News
Thailand’s New Year road safety campaign reveals shocking toll
There’s a chill in the air, but temperatures are rising on Thailand’s roads as the New Year Seven Days Road Safety campaign reveals a sobering toll. According to the Thai Department of Disaster Prevention and Mitigation (DDPM), the first two days of the campaign have already witnessed a surge in road accidents, injuries, and deaths. The numbers are staggering –…
- Thailand News
Thai politician among suspects in fatal Nakhon Phanom petrol station shooting
A local politician is under investigation, together with two other suspects, following the fatal shooting of two petrol station employees in Nakhon Phanom, Thailand. The victims, a 50 year old female employee and a 33 year old male known as Phromjak were discovered dead with no significant evidence or spent shell casings found at the scene. The petrol station’s 13…
- Phuket News
Russian tourist child dies in tragic Phuket speedboat accident
Tragedy struck on the last day of 2023 when a speedboat carrying seven Russian tourists, including a five year old girl, crashed into rocks at Koh Maithon while returning to Phuket from Phi Phi Island. The young girl, Liza Pak, sadly lost her life in the incident. The speedboat, named Apirak 89, was believed to be leaving Koh Maithon and…
