government
- Thailand News
Government promises relief from Rama II Road traffic nightmare
Government spokesperson Chai Wacharonke assured the public that the torment of perpetual gridlock on Rama II Road would soon become a distant memory, with all construction projects scheduled for completion next year. Chai’s declaration came hot on the heels of a heated exchange on social media with Bangkok’s Move Forward MP, Rukchanok Srinork, who had raised concerns about the dire…
- Thailand News
Emergency water distribution in Hua Hin amidst drought concerns
To combat the severe drought gripping Hua Hin, Mayor Nopporn Wutthikul spearheaded a meeting with local government officials to discuss immediate relief and long-term fixes for the parched populace, especially in Khao Takiap. Joined by Deputy Mayor Atichat Chaisri and a cadre of civic bigwigs, the summit centred on the dwindling water levels at the Hua Na reservoir. These plummeting…
- Thailand News
Thai tourism sector proposes 300-baht tax to counter over-tourism
Thai tourism operators are advocating for government regulations to address the rising issue of over-tourism in the country. They propose the implementation of a 300-baht tourism tax, which they believe could alleviate the problem. Their call for action comes in response to Prime Minister Srettha Thavisin’s commitment to make 2025 a pivotal year for Thai tourism. The Federation of Thai…
- Economy News
Thai government’s Ofos project to create 20 million jobs from June
The Thai government has plans to set in motion the One Family One Soft Power (OFOS) project in June, hoping to generate 20 million employment opportunities with a minimum yearly wage of 200,000 baht according to Paetongtarn Shinawatra, Head of the National Committee on Soft Power Development and leader of the Pheu Thai Party. Paetongtarn shed light on the forthcoming…
- Business News
Thai government profits from increasing Philippine rice imports
As the Philippines’ demand for rice imports swells, the Thai government is capitalising on this increasing requirement. The Southeast Asian country is set to import more rice this year than previously estimated, providing a lucrative opportunity for Thailand’s rice export market. Commerce Minister Phumtham Wechayachai has thus instructed the Department of Foreign Trade (DFT) and the commercial attaché in the…
- Thailand News
Thailand suspends TM 6 immigration forms to boost tourism
The Government of Thailand has put a halt to the obligatory TM 6 immigration forms for foreigners arriving in the country via land or sea, effective from April 15 to October 15. This resolution, approved by the Cabinet on April 9, is a response to a suggestion by Interior Minister Anutin Charnvirakul, according to ministry spokeswoman Traisuree Taisaranakul. This pause…
- Thailand News
Thai government’s 500-billion-baht digital wallet scheme launches this quarter
Prime Minister Srettha Thavisin announced yesterday that the government’s 500-billion-baht digital wallet initiative will be launched in full swing in the fourth quarter to stimulate economic growth. This flagship policy of the ruling Pheu Thai Party plans to distribute 10,000 baht to 50 million Thai citizens for spending within their local communities over six months. PM Srettha, who also serves…
- Thailand News
Dusit International urges government to boost quality tourism in Thailand
Dusit International Vice Chairman Chanin Donavanik urged the government to focus on enhancing the quality of tourism and encouraging exploration of lesser-known destinations to boost the industry. Chanin believes the government’s existing tourism promotion policies, including visa-free schemes and luxury tax reductions, are effective. Chanin, who also serves as the executive committee’s chairman, highlighted several areas for the authorities to…
- Thailand News
Lottery Office unveils digital lottery ticket platform for vendors
The Government Lottery Office (GLO) announced the imminent launch of its digital lottery ticket platform, set to transform the way vendors sell tickets. GLO Director Lieutenant Colonel Noon Sansanakhom revealed that the eagerly awaited website will go live this Sunday, offering registered vendors the opportunity to sell tickets for the April 1 draw. Lt. Col. Noon detailed the key features…
- Thailand News
Thai security academic calls for transparency in government assets
An independent security academic, Panitan Wattanayagorn, recently suggested a closer examination of the assets of military and government agencies in Thailand. His proposal aims to enhance transparency through regulated financial accounts and the disclosure of expenditures. Panitan, who specialises in security and foreign affairs, expressed his concerns, highlighting the ministries of Education, Higher Education Science Research and Innovation, and Finance…
- Business News
Thailand’s Q1 2024 government revenue exceeds target by 0.3%
The Fiscal Policy Office announced that government revenue collection for the initial quarter of fiscal 2024 surpassed its target by 0.3%, equating to 1.62 billion baht (US$45 million), according to the director-general, Pornchai Thiraveja. Pornchai, who also serves as a spokesperson for the Finance Ministry, disclosed that the government’s net revenue collection for the initial three-month period of fiscal 2024,…
- Thailand News
Corruption potential in the 10,000-baht digital wallet scheme
Despite potential warnings from the National Anti-Corruption Commission (NACC), the government has confirmed plans to proceed with the 10,000-baht digital wallet scheme. Prime Minister Srettha Thavisin and Deputy Finance Minister Julapun Amornvivat agreed to let the digital wallet policy committee begin work next week. The focus of the forthcoming meeting will be on the potential for corruption during the handout…
- Thailand News
Hong Kong introduces diagonal crossings in Sha Tin
The Hong Kong government rolled out a measure allowing diagonal pedestrian crossings at selected intersections. The first pilot project, initiated yesterday, January 31, can be found at the bustling junction of Sha Kok Road and Yat Tai Street in Sha Tin. This move, aimed at streamlining foot traffic, has garnered applause from citizens eager to slash their waiting time at…
- Business News
Thai government and central bank clash over interest rates
The ongoing discord between government officials and central bankers regarding interest rate adjustments is creating uncertainty for local banks and could potentially trigger further foreign investor withdrawals. Thailand Prime Minister Srettha Thavisin, along with key advisors, is advocating for a reduction in rates by the Bank of Thailand (BoT) to stimulate an economy the Thai PM describes as being in…
- Thailand News
Globalisation twist: Economic growth sizzles but income inequality and carbon clashes cloud horizon
The evolution of globalisation, while contributing to worldwide economic growth, has also introduced new economic challenges including increased income inequality and market failures due to carbon emissions. This was the view expressed by Eric S Maskin, Adams University Professor at Harvard’s Department of Economics. Maskin, a 2007 Nobel Laureate in Economics for his work in mechanism design theory, shed light…
- 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
Potential lithium reserves discovered in Phang Nga for EV industry
The Department of Primary Industries and Mines has identified potential lithium reserves in Phang Nga’s Takua Thung district, which could be instrumental in catering to the growing demands of the electric vehicle (EV) industry. Initial surveys indicate the presence of the element in the Ruangkiet area, where pegmatite, a rock from which lepidolite is derived, was discovered. Lepidolite is a…
- Economy News
Thailand PM urges cautious monetary policy amid economic recovery
Prime Minister Srettha Thavisin urges the Bank of Thailand to consider the potential risks to the country’s delicate economic recovery when making decisions regarding monetary policy. He expressed concern that the decade-high borrowing costs, currently standing at 2.5%, could potentially impede the nation’s economic revival and affect the populace adversely. During a parliamentary budget debate, PM Srettha revealed that the…
- 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
Thai government’s budget bill for 2024 fiscal year under scrutiny
The Thai government’s budget bill for the fiscal year 2024 is under scrutiny as Sanphet Boonyamanee, a Democrat MP for Songkhla, raises concerns over major budget cuts and potential misrepresentation of off-budget funds. He reveals that despite the government’s request for 3.48 trillion baht (US$ 99,917,725,200) for the 2024 fiscal year, state agencies had initially asked for up to 5.8…
- Thailand News
Explosive growth in Thai insurance industry predicted for 2024
The Thai General Insurance Association (TGIA) has foreseen an unprecedented surge in the insurance industry, with premiums expected to skyrocket to 303 billion baht in 2024. The TGIA president, Somporn Suebthawilkul, revealed the industry’s trajectory, unveiling that premiums for the initial nine months of this year already hit a whopping 210 billion baht, marking a staggering 5.2% rise from the…
- Thailand News
EEC water miracle: Government’s plan ensures businesses swim through summer
The Eastern Economic Corridor (EEC) can breathe a sigh of relief as the government swoops in to address concerns over looming water shortages, promising a well-hydrated future until the summer of next year. The EEC, a flagship special economic zone spanning Rayong, Chon Buri, and Chachoengsao, faced imminent water crises, raising alarms within the community. Deputy Prime Minister Somsak Thepsutin…
- China News
Hong Kong civil servants face fury if they dare criticise government
Hong Kong‘s civil servants are set to face disciplinary action if they openly criticise government policies. The proposed changes to the code of conduct have ignited a firestorm of controversy, with restrictions on comments both in their official capacity and as ordinary residents. Under the unveiled amendments, civil servants must now uphold political neutrality as one of 12 core values,…
- Thailand News
Thai government proposes 15 billion baht plan for informal debtors relief
The Ministry of Finance proposed a plan to the Cabinet to assist informal debtors, allocating a budget of 15 billion baht through the Government Savings Bank (GSB) and the Bank for Agriculture and Agricultural Cooperatives (BAAC). This initiative will also aid debtors affected by the Covid-19 situation who have lost their credit bureau records. At the Government House at 10am…
- Thailand News
Thai government approves 10% increase for civil servants starting at 18,000 baht
The Thai government approved a 10% salary increase for civil servants over a two-year period, beginning with new recruits. According to Danucha Pichayanan, Secretary-General of the National Economic and Social Development Council (NESDC), the first increment is expected to come into effect once the budget for 2024 is approved. Danucha explained that the salary adjustment will initially target newly inducted…
- Economy News
Commerce carnival: Ministry’s mega discount campaign aims to slash living costs for Thai citizens
In a grand gesture to ease the cost of living for Thai citizens, the Ministry of Commerce is joining forces with over 300 manufacturers, wholesalers, retailers, and convenience stores to roll out a colossal discount campaign. Scheduled to kick off on December 15 and last until January 15, 2024, this initiative is considered a new year present to the public…
- Politics News
Thai workers left in the lurch: Government’s broken promise leaves evacuees stranded
Thai workers who have evacuated from Israel are facing a nightmare as the government’s pledged financial aid remains elusive. Despite assurances of a 50,000-baht compensation almost a month ago, some Thai workers are still waiting, struggling, and urging authorities to expedite relief. The Thai government’s vow of 50,000 baht in compensation, coupled with low-interest loans and additional funds for Thai workers,…
- Thailand News
Thai PM evaluates potential wage increase for civil servants without price hike
Prime Minister Srettha Thavisin yesterday declared that an evaluation was underway to determine the feasibility of increasing wages for civil servants and government employees. However, he dismissed the notion that such a hike would lead to a rise in consumer goods prices. The prime minister’s comments came in response to inquiries concerning the potential inflationary effects of the proposed wage…
- Thailand News
Thailand’s fitness deficit: Running endorsed to get the nation moving
Recent statistics from this year reveal that only 62% of the Thai population engage in sufficient physical activities, while over 38% don’t. To encourage an active lifestyle, Social Marketing Thaihealth (SMT) and its network have endorsed running as an affordable and accessible form of exercise. SMT and the Thai Health Day Run believe that running can pave the way for…
- Economy News
Fiscal budget deficits risks Thai economy, chief economist warns
Kiatnakin Phatra Securities’ chief economist issued a stark warning over the government’s increasing reliance on fiscal budget deficits, cautioning that such an approach could harm the economy over an extended period. Pipat Luengnaruemitchai openly criticised the government’s latest populist strategies, including a digital money initiative and reduced oil costs, stating that these measures could erode fiscal discipline. He further warned…
