government
- 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…
- Politics News
ASEAN air force leaders’ meet in Myanmar with Thai Air Force on board
A meeting of the Association of Southeast Asian Nations (ASEAN) air force leaders, chaired by Myanmar, is currently underway with the Royal Thai Air Force (RTAF) in attendance. The conference in Nay Pyi Taw sees the participation of ACM Alongkorn Wannarot, the RTAF commander, alongside air force leaders from Cambodia, Vietnam, Laos, and Brunei, according to a report by activist…
- Thailand News
Thai PM extinguishes ‘high’ hopes for recreational cannabis, prioritises medicinal path
Disagreeing with the notion of recreational cannabis use, the Prime Minister of Thailand indicated that his administration would instead continue to focus on the medicinal usage of the plant. Thai PM Srettha Thavisin, who additionally performs the role of the nation’s Finance Minister, shared his stance with the media today, Friday, September 15. Despite this, the cannabis industry in Thailand…
- Thailand News
New government policy statement urged to focus on escalating costs, tourism
Public expectations are high as the government prepares to present its policy statement in Parliament today, with the populace eager for it to fulfil commitments to resolve daily-life issues and rejuvenate the economy. Leaders in various sectors have made their pleas, requesting the new government to pay attention to its policy to the needs of their industry. Thaniwan Koonmongkon, head…
- Politics News
Pheu Thai’s Chai Watcharong set to become new government spokesperson
Chai Watcharong, a 64 year old veterinarian and party-list member of Pheu Thai is set to take up the mantle as the new government spokesperson. Positioned 91st on the party list, Chai has confirmed he is prepared to face the challenges of the role. The cabinet is set to officially instate Chai as the government spokesperson this Wednesday. Previously, Chai…
- Thailand News
Thai MP’s ‘carry-out’ leftovers kindness goes viral among netizens
An online discussion among netizens was prompted by an act of kindness by a member of Parliament for the Pheu Thai Party who hails from the province of Phrae. Following a session in the legislature, it was reported that MP Thossaporn Sereerak was spotted carrying bags stuffed with leftovers that he intended to give to people living on the streets.…
- Thailand News
Sub-merging optimism: Thai’s submarine engine deal with Germany and China
The Thai government is hopeful of a renewed agreement with Germany and China, centring around the engine for a new submarine under construction in China. Defence Minister Sutin Klungsang conveyed his confidence in a mutually beneficial deal between the three nations. The discourse involves the potential installation of a German-made engine in the Chinese manufactured submarine, as initially stipulated by…
- Business News
Power play: FTI cheers new government’s energy cost pledge
The Federation of Thai Industries (FTI) expressed its satisfaction with the newly elected government’s commitment to lowering energy costs and retail diesel prices. Newly inaugurated Prime Minister Srettha Thavisin has prioritised energy price reductions as an early objective of his administration. An immediate cut in energy prices has been promised by the 61 year old Srettha and his Cabinet upon…
- Thailand News
Moving ahead: MFP urges new PM to keep charter referendum promise
The Move Forward Party (MFP) called on Prime Minister Srettha Thavisin to address a charter to hold a referendum in his initial Cabinet meeting, as previously promised. This follows the House of Representatives rejecting MFP’s push to expedite a full constitution rewrite, currently the 33rd item on the House’s agenda. Highlighting the urgency, list-MP Parit Wacharasindhu acknowledged the House’s decision…
- Thailand News
Thai fortune teller envisions political and economic upswing in Thailand
A shift in Thailand’s political and economic landscape is anticipated, with improvements expected from November to April, according to renowned fortune teller Navaracha Pinitlokakorn, also known as Mor Plai. Despite her failed prediction regarding the identity of Thailand’s new prime minister, she views this as a fortunate turn of events. She advised patience and granting the new PM the opportunity…
- Economy News
Revenue target for Thai government exceeds by 150 billion baht
Fiscal Policy Office (FPO) Director-General Pornchai Thiraveja has announced that the Thai government is rolling in cash. The director-general declared that the government’s revenue surpassed expectations, surpassing its target by 150 billion baht in the opening ten months of fiscal 2023. This continues a positive trend reported in May when revenue targets were surpassed by 112 billion baht. As per…
- Business News
Thai industries call for new govt to revitalise flagging exports
The Federation of Thai Industries (FTI) declared the urgent need for Thailand to form a new government and establish fresh policies aimed at tackling lacklustre export performance. Data revealed a 7.4% decline to US$28 billion in the nation’s exports to its largest market, the Association of Southeast Asian Nations (ASEAN), during the period running from January to May. The FTI’s…
- Thailand News
Thai economy stimulus: Government plans 1.9 trillion baht boost during government transition
Thailand’s National Economic and Social Development Council (NESDC) unveiled plans to inject 1.9 trillion baht into the Thai economy to bridge the gap before the new government can budget for the year 2024, emphasising fiscal reforms and monitoring household debt. Secretary-General Danucha Pichayanan highlighted the need for industry restructuring and government action in response to shrinking exports, which is affecting…
- World News
Hong Kong government seeks high court ban on protest anthem
The Hong Kong government has sought an injunction order from the city’s high court to ban the protest anthem “Glory to Hong Kong,” which emerged during the massive demonstrations in 2019. If the injunction is granted, it would be the first song to be banned in Hong Kong since the handover to China in 1997. The government claims the song…
- World News
Indonesia probes potential leak of election system verdict
Indonesia‘s Coordinating Minister for Politics, Legal and Security, Mohammad Mahfud Mahmodin, has called for an investigation into a potential leak involving a Constitutional Court verdict that could alter the country’s parliamentary election system. This comes after former deputy justice minister, Denny Indrayana, claimed that the court had repealed the current “open-list proportional representation” system for Indonesia’s parliamentary elections. Indrayana stated…
- Politics News
Thai pro-democracy coalition faces obstacles amid conservative backlash
Pro-democracy parties in Thailand are facing resistance in their efforts to form a government following their historic win in the recent general election. The Move Forward Party (MFP), led by prime ministerial candidate Pita Limjaroenrat, has expanded its coalition to eight parties with 313 members. However, to form a government without relying on the military-appointed Senate, the bloc needs 376…
- Thailand News
Srisuwan demands 1 million compensation after being assaulted while filing complaint
Srisuwan, a complainant, now claims one million baht in damages after being physically assaulted for the second time while filing a complaint. He reports that he does not want an apology from the attacker and is determined to pursue the matter in court. Srisuwan has contacted Thung Song Hong police to investigate a case against a man who punched him…
