Search Results for: bonds
- Visa Information
Thai cabinet approves new visa package to lure wealthy expats and digital nomads
The government is forging ahead with a new visa package that targets rich expats, in an attempt to inject some foreign money into an economy decimated by Covid-19. The package will include attractive perks, such as a 10-year visa that covers not just the individual, but their spouse and children too. It also partially addresses the so-called digital nomads – people…
- World News
AfricaLink on Air — 02 September 2021
Anti-government sentiment in S.Sudan: Where does the youth stand? +++ Mozambique’s “tuna bonds” corruption trial +++ New coronavirus variant spreading in South Africa +++Do beauty standards reflect colonial attitudes +++ Controversy over TV rape demonstration in Ivory coast SOURCE: DW News
- Visa Information
Thailand looks into 10 year visa for the rich allowing land and property ownership
Thailand wants to attract the rich. A scheme to offer long-stay visas to wealthy and “highly skilled” foreigners is in the works. The visa would allow a stay of up to 10 years and foreigners would be able to own land and property in Thailand. Deputy Prime Minister Supattanapong Punmeechaow plans to propose the visa plan to the Cabinet. So…
- Thailand News
Thailand proposes digital nomad visa among others to benefit expats, economy
Thailand has always been a favourite of long-term travellers, and staying longer in the country may be getting easier. As the country was recently voted the best in which to live for digital nomads, allowing such workers to stay may be the key to boosting the economy. With pristine beaches, cheap living costs, and modern cafes with some of the…
- Expats
TAT proposes eased restrictions and 10 year visa to key groups
Key word – PROPOSAL. Perhaps tired of piecemeal baby steps to attract tourists while missing the bigger picture, The Tourism Authority of Thailand proposed a sweeping plan to give 4 target groups easy access to live, work and prosper in Thailand for a decade at a time. The radical proposal was presented to PM Prayut Chan-o-cha in a video conference…
- Business News
Thai Airways’ creditors to vote on rehab plan today
Today is D-Day for Thai Airways, with 13,000 creditors voting on whether or not to accept the struggling airline’s rehabilitation plan. According to a Bangkok Post report, a source at the airline has warned that should creditors reject the plan, the carrier will be declared bankrupt and they would only receive 12.9% of what they’re owed. In the event of…
- Thailand Protest News
Pro-democracy leaders denied bail for 5th time
A group of pro-democracy protest leaders are being denied bail again for the 5th time by Thailand’s Criminal Court. The 4 leaders, known by their nicknames, as Penguin, Rung, Pai Dao Din, and Toto, were joined in court by attorneys and professors from Bangkok’s Mahidol and Thammasat University to request bail on the grounds that the leaders were still students…
- Thailand News
Attorney, university professors seek bail for leaders of pro-democracy Ratsadon group
An attorney, along with university professors, are seeking the release of pro-democracy leaders from jail by requesting bail at Thailand’s Criminal Court. The attorney from Thai Lawyers for Human Rights, Kritsadang Nutcharas, joined with professors from Bangkok’s Thammasat and Mahidol universities to request the release of 3 of the Ratsadon group’s core members. Kritsadang says the families of Rung, Penguin,…
- Thailand News
Thailand News Today | Visa amnesty, sealing Burmese border, Thai airways creditors | September 24
Latest update for September 26 deadline of visa amnesty. Deadline set for THAI creditors A date has now been set for creditors to recover their money from Thai Airways. Applications for debt repayment through corporate bonds started yesterday. Applications filed by private individuals are being received at the Securities and Exchange Commission office in Bangkok. The deadline for applications is…
- Economy News
Bankruptcy Court approves Thai Airways debt restructuring plan
The Central Bankruptcy Court approved Thai Airways International’s debt restructuring plan. An official says the approval is just a “tiny step” in the process estimated to take years. With the approval, the international airline company can now start discussions with debt holders. The 60 year company is reportedly facing its biggest challenge: bankruptcy during a global pandemic with international travel…
- Covid-19 News
When will the world open up again for travel?
OPINION 9 months since the first outbreak in China, international borders remain mostly sealed. Most travellers, excepting certain categories, are prevented from leaving or entering in the majority of countries. The shutters went up in March and April in much of the world, a bit later in some countries, as governments and medical officials figure out how to safely re-open…
- Economy News
US dollar denominated gold trade to be allowed
Ending decades of regulations limiting gold trade in Thailand to the baht, the US dollar will now be allowed as well. 2 weeks ago, in a bid to slow the rapidly rising baht and avoid landing on the US list of “currency manipulators”, the Bank of Thailand announced a policy to allow trading gold products in US dollars. Market players…
- Economy News
Industry panel wants foreign businesspeople allowed back to Thailand
The Joint Standing Committee on Commerce, Industry and Banking is proposing that foreign businesspeople be allowed back into Thailand. The president of the Thai Chamber of Commerce says this can be allowed if the government enacts strict measures to contain the spread of Covid-19, including ensuring every foreign visitor is tested for the virus 48 hours before landing in Thailand.…
- Economy News
Thai baht up 3% against USD over past month
Potential tourists and expats shipping in money from overseas were hoping the Thai baht would continue to fall against the US dollar. But they’d be surprised that the baht has rebounded in April against the greenback – about 3% in value. But Thailand’s Central Bank is warning that the recent strengthening of the baht against the USD may “not be sustainable”.…
- Economy News
“Thai Airways will survive”. Emergency meeting next Wednesday.
“Thai Airways will not collapse. The fact that Deputy PM Somkid stepped in to handle the issue means the government will rescue it.” It’s no secret that Thailand’s national carrier has been a financial basket case for over a decade, bleeding money and marketshare as the years pass. The top-heavy Thai company is bailed out by the Thai government each…
- Covid-19 News
Government proposes plans on how to stablise Thailand’s GDP
In a bid to tackle the economic effects of the Covid-19 pandemic on the Thai economy, a proposal has been put forward by the Government’s Monetary and Fiscal Committee to preserve the ratio of public debt to gross domestic product by raising the budget cap and/or adjusting debt settlements. Finance Minister Uttama Savanayana says “after a meeting with the committee yesterday, they…
- Covid-19 News
BOT injects 35 billion baht into Thai financial market
35 billion baht is being injected into the local Thai financial markets in the wake of the impact from Covid-19 crisis. The Bank of Thailand say they are closely monitoring the local financial market and recognised “liquidity is tight in bond and US dollar exchange markets.” BoT assistant governor Vachira Arromdee announced yesterday… “The BoT last week injected both short…
- Thailand News
Thai Baht on the slide over fears of spread of Coronavirus outside China
What goes up must go down. The Thai baht has continued to weaken against leading international currencies, trading at 31.70 to the US$ in yesterday’s trade. The falls reflect regional concern over the coronavirus spreading beyond China. In the past few days both central South Korea and parts of northern Italy have reported outbreaks of the virus. Kasikorn Research Centre…
- Economy News
“The Thai economy is teetering on recession” – Kasikorn Bank
A financial analyst is sounding the warning bells saying that the Thai economy is on the verge of a recession while the baht will remain strong. The head of capital markets research at Kasikorn Bank, Kobsidthi Silpachai, says all eyes will be on Thailand’s economic growth to see if it slows in the fourth quarter, compared to the third. The economy…
- Technology News
The dangers of 5G – coming to a mobile phone near you
MONTAGE: The Thaiger 5G, the next generation of mobile phone technology is coming, within months here in Thailand. It will continue to roll out over the next few years, replacing the earlier 4G technology. Along with any new technology there’s also valid concerns about potential health risk of this new, more powerful network. There’s also been a lot of misinformation…
- Chiang Mai News
30,000 uni students take the long and winding road up Doi Suthep
PHOTOS: The Nation Some 30,000 students, past and present, and staff from the Chiang Mai University headed up Thailand’s holiest mountain yesterday on the university’s annual trek to Wat Phra That Doi Suthep. It’s the university’s 55th anniversary of the annual climb. Freshmen from 20 faculties from two of the CMU campuses trekked up the winding 14 kilometre road from…
- Economy News
What goes up must come down – the battle of the baht
Newton’s law looms over the Thai baht. Meanwhile, the Thai baht continues to be the best performing currency in Asia. The Thai currency is riding a 6-year high against the USD and, this year, has surged 8% against the US currency. But the strong baht is causing knock-on effects to the rest of the Thai economy, battering exports and stifling tourist…
- Business News
Soaring baht continues to court investors and speculators
The Thai baht continues to be the best performing currency in Asia. On a year-on-year basis it has soared more than 8% against the USD and this year reached a six-year high. But the strong currency threatens the country’s exports and tourism, two major drivers of Thailand’s economy. Thailand continues to have solid economic fundamentals, a high current account surplus and…
- Business News
Bank of Thailand cuts policy rate, to 1.5%
The Bank of Thailand’s Monetary Policy Committee has made a surprise decision today to cut the policy interest rate amid pressure to avert an economic slowdown and hedge the heightened trade war between the US and China. The MPC cut the interest rate by only 25 basis points to 1.5 %. But the cut is significant. Of the seven-member committee,…
- News
Bank of Thailand braces for trade war fallout
By Wichit Chaitrong “The trade row has increased the uncertainties for Thailand’s economy because it could have a negative impact on Thai exports, businesses, employment, consumption and investment.” Central bank keeps policy rate unchanged to facilitate growth; forecasts for GDP and export growth revised upwards amid weakening of the baht. Protectionism, stirred by the trade disputes between the United States…
- World News
Malaysian election decoded
by Tim Newton Don’t be under any illusion what has just happened in Malaysia. The country hasn’t been freed from the bonds of a corrupt and draconian long-term government and about to soar into a new era of democracy, growth and prosperity. That a 92 year old former premier, who nurtured both his current deputy Anwar Ibrahim and the ousted…
- Business News
Finance: What interest rate hikes mean for investors
PHUKET: Early last month, the US Federal Reserve raised interest rates, with the market largely ignoring the long-expected move. With at least a couple of more rate increases expected in the near future, I would still not expect the market to suddenly turn bearish. If the Fed thought the US economy was still too weak, they would not be raising…
- Opinion
Opinion: False killer whales come to Phuket
PHUKET: The sighting of false killer whales by a group of lucky marine tourists in Phuket last week should serve as a reminder that despite mankind’s demonstrated ability to shape our environment, there is still a lot going on around us that we understand poorly – or not at all. The ‘aliens among us’ theme has served as a fertile…
- Thai Life
Profile: His Majesty through foreign eyes
PHUKET: In surveying the scope of achievements made by His Majesty the King, the incalculable benefits he wrought for Thailand and its people rightly take precedent. But no picture of his 70-year reign can be complete without appreciating the central role he commanded in Thailand’s foreign relations. His Majesty not only set the tone for warm ties with foreign leaders…
- Business News
Finance: Hold on to stocks, more rallies are coming
PHUKET: The past one and a half years have been anything but a smooth ride for investors, given that the market’s seen two rapid 10 to 15 per cent pullbacks, and we’ve seen entire sectors (such as biotech, oil, industrials) and so on take some hard knocks. For investors exposed to unlucky sectors, it’s been difficult to keep pace with…
