baht
- Thailand News
Nakhon Ratchasima temple event features 200,000 baht giveaway
A local temple in Nakhon Ratchasima province was the scene of high excitement as a contractor organised a lively merit-making event, giving away prizes including cash, fans, and refrigerators worth over 200,000 baht. The ceremony, which took place yesterday, May 12, in front of the Ton Temple’s main hall, drew thousands from the surrounding community, all eager to participate and…
- Pattaya News
Pattaya restaurant under fire for excessive pricing of food dish
A restaurant in Pattaya, Chon Buri Province, has come under scrutiny for reportedly charging an excessive 70 baht for a basic dish of rice with two fried eggs. Following this, the Department of Internal Trade ordered provincial commerce officials to conduct inspections of made-to-order food outlets in the region. The restaurant’s alleged high pricing and lack of clear price signage…
- Business News
GIF expedites Covid-19 payouts amid financial strain
The General Insurance Fund (GIF) proposed an expedited payment option for Covid-19 policyholders, where they can avail of an immediate reduced payout rather than wait for a decade for the full claim. This could mean receiving 60 baht now instead of 100 baht in the future, according to Finance Permanent Secretary Lavaron Sangsnit. Governmental body GIF was formed to safeguard…
- Thailand News
Thai authorities seize over 1000 endangered tortoises
In the latest crackdown on the illegal wildlife trade, six individuals were apprehended in the southern province of Chumphon, Thailand, for possession and transportation of a significant number of endangered species. The suspects were found with over 1,000 radiated tortoises and dozens of lemurs in their possession, intended for sale in Hong Kong, South Korea, and Taiwan, according to the…
- Thailand News
Thailand shuts down illegal Bitcoin mine worth 70 million baht
A major illegal Bitcoin mining operation was dismantled yesterday when police and the Provincial Electricity Authority raided an abandoned ice factory in Samut Sakhon, Thailand, seizing equipment worth over 70 million baht. A Myanmar national was found guarding the facility, which is believed to have caused the state a loss of 10 million baht per month in electricity. At 11am…
- Thailand News
Factory owner donates 100,000 baht to Ayutthaya Ashram statue
In a charitable act, a factory owner donated a generous sum of 100,000 baht to construct a large statue of Father Ruesi Naen, following a windfall of 1 million baht. The donation ceremony occurred at the Ruesi Naen Ashram in Phra Nakhon Si Ayutthaya, where members of the public gathered today to seek blessings and examine the auspicious numbers floating…
- Thailand News
Bangkok harnesses AI to tackle illegal sidewalk use
Bangkok authorities are ramping up the enforcement of sidewalk regulations, deploying artificial intelligence (AI) to detect and fine lawbreakers. The Deputy Permanent Secretary of the Bangkok Metropolitan Administration, Suphakrit Bunkhan, announced progress in the sidewalk management campaign, emphasizing the use of technology to improve the efficiency of law enforcement. From June 12, 2022, to April 1, 2024, a pilot programme…
- 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…
- Automotive
EV charging stations in Thailand
EV charging stations in Thailand are quickly growing as the country adopts electric vehicles to fight air pollution and lower fossil fuel use. The Thai government supports electric mobility, and the increasing demand for EVs is boosting the expansion of charging stations. This shift offers opportunities for local and international investors and helps consumers choose eco-friendly transportation. In this guide,…
- Business News
Thailand’s border trade faces slowdown amid regional politics
The Federation of Thai Industries (FTI) predicts a slowdown in Thailand’s border trade for the current year due to political turmoil in Myanmar and economic issues in other neighbouring nations. Myanmar, Laos, Malaysia, and Cambodia, nations that share borders with Thailand, are facing obstacles to their economic growth, says Montri Mahaplerkpong, the FTI Vice-Chairman. Among the challenges, he highlights the…
- Thailand News
Thai model’s generous 1000 baht taxi tip sparks online debate
A taxi driver was left astounded when a passenger handed him a 1,000 baht note for a fare of just 93 baht. Initially taken aback, understanding dawned upon the driver when the generous customer explained the reason behind her act. The incident surfaced when the taxi driver shared a picture of the 1,000 baht note on a Facebook group for…
- Thailand News
Actress Ava Six Scenes clears up 150 million baht credit card rumour
A video that has been creating a buzz on social media recently features Ava Pawornwan Verapuchong, a millionaire actress. The video shows Ava pulling a credit card from her wallet, causing viewers to focus on the card. It is a THE WISDOM (Visa Infinite) card from Kasikorn Thai Bank, which is exclusively for those with deposits and investments starting at…
- 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…
- 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
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…
- Thailand News
Lucky lottery winner in Thailand banks 36 million baht
Thailand‘s Government Lottery Office (GLO) revealed that one lucky winner scooped a life-changing 36 million baht (over US$1 million) in the digital lottery draw today (May 2) after purchasing six winning digital tickets. Today, the number 834019 was drawn in Thailand’s twice-monthly government lottery draw. Anyone who bought a ticket with this number wins the lottery’s first prize of 6…
- Crime News
Body of loan shark found in Thailand river, 7 baht of gold jewellery missing
The body of a Thai woman missing for three days was recovered from a river in Chumphon province in southern Thailand yesterday. The gold jewellery she usually wears, worth 220,000 baht, was missing. The deceased – 32 year old Chadathip – ran a loan business and never returned from an appointment she made to chase money from a debtor on…
- Economy News
89% of bank accounts in Thailand hold less than 50,000 baht
The Bank of Thailand (BOT) reports that 88.88% of bank accounts in Thailand hold less than 50,000 baht (US$1,423) in deposits, according to Komchadluek. In total, there were 121.4 million bank accounts in Thailand at the end of 2022. Of those, 98.5 million (88.88%) held less than 50,000 baht and 1,023 bank accounts (0.0008%) held more than 500 million baht.…
- Economy News
Thai baht soars to six-month high against US dollar
The Thai baht opened at 34.78 against the US dollar today, strengthening from yesterday’s close of 35 to a six-month high. The baht’s sudden rise is down to the Bank of Thailand’s (BOT) hiking the policy rate by a quarter point earlier this week. The BOT remains committed to a gradual monetary tightening policy, raising the policy rate from 1%…
- Thailand News
Delivery driver finds huge stash of Thai, Laos and Japanese banknotes under a tree
A delivery driver stumbled across a stash of Thai, Japanese, and Laos banknotes scattered beneath a tree in Udon Thani city centre, northeast Thailand, this morning. The cash – amounting to over 500,000 baht – is suspected to be fake. The driver, 43 year old Somsak Sirikhan, was sitting waiting for a job with five or six other rides. He…
- Thailand News
Winter is Coming to Thailand… I GMT
New rule for cash deposit machines from November 15th. Ministry eyes steps to spur spending. Bangkok could hit lows of 15°C by end of October. Drunken monk with an axe causes chaos smashing cars. Flood-damaged Phuket returning to normal. – all are coming up today.
- Thailand video news
Thailand News Today | Thai Baht plunges to 38 against USD for the first time in 16 years
The volatile Thai baht has depreciated to 38 against the US dollar even faster than foreseen by economists. The last time the baht reached 38 to the dollar was 16 years and two months ago on July 26, 2006. The baht’s depreciation is attributed to the rising strength of the US dollar. The dollar index has risen to 114,…
- Economy News
Economists foresee 38 baht to 1 US dollar this year
With the US dollar strengthening and Thailand’s struggling economy, economic experts predict the baht may fall to 38 to the dollar by the end of this year. The head of capital markets research for Kasikorn Bank believes the baht will continue its instability along with the global money markets as a result of domestic and international factors. While the US…
- Hot News
Weakening baht is in focus as meeting called to discuss its impact
The Bank of Thailand is scrambling to find the sources behind the weakening baht as a meeting is called to discuss its impact. Finance Minister, Arkhom Termpittayapaisith, says the depreciating currency is adding to the inflationary pressures and is vowing to determine whether the decline is linked to the country’s economic fundaments. The Finance Ministry is set to hold talks…
- Thailand video news
Is now the best time to invest in Thailand due to the weak Baht | GMT
Is now the best time to invest in Thailand? what are the pros and cons of a weaker Baht? Asia’s largest water park, Bangkok governor election winner and Do Thai teachers and institutions abuse their power? All this and more on today’s Good Morning Thailand.
- Thailand video news
Thailand News Update | Doubts on Thailand’s Songkran 2022
Even after the Test & Go program was rebooted on February 1, along with the additional and unpopular Day 5 PCR test, there hasn’t been a large increase in the number of international tourists visiting Thailand. Indeed the new applications and actual arrivals have fallen well below expectations by Thailand’s tourism tzars.Now, Phuket officials are launching new plans to encourage…
- Economy News
Thai baht falling over Omicron fears and strong US dollar
As the Covid-19 pandemic drags on, it’s not just our patience and our resolve that is weakening. The Thai baht is falling too, weakening against a stronger US dollar and global fears over the impact of the Omicron variant rapidly spreading throughout the world. Today the conversion rate stands at 33.59 baht to the US dollar just off of its…
- Thailand video news
Thailand News Today | 32M Pfizer doses on the way, weakening Thai baht | August 13
Thailand’s Public Health Minister says there will be 32.5 million doses of the Pfizer vaccine in the country by the end of the year. The death from Covid-19 of another fully vaccinated healthcare worker has led to increased calls for Pfizer booster shots. The weakening Thai baht, against the US dollar, is propping up the export numbers. Tourism officials in…
- Thailand News
Thai baht goes from top-performing to worst-hit currency in Asia
Before the pandemic, the Thai baht was the strongest-performing currency in Asia. Now, it’s the worst-hit currency in the region, according to Japan-based Mizuho Bank. The Thai economy has been shrinking over the past year, hitting lows which some compare to the contraction during the 1997 Asian financial crisis. The Japanese bank says the under-performance of the Thai baht is…
