Thai Government
- Economy News
Inflation rate in Thailand dips for first time in over two years
The Commerce Ministry of Thailand announced today that the country’s inflation rate has dipped for the first time in 25 months, primarily due to a drop in energy and food prices. This development is attributed to the government’s support measures. The consumer price index (CPI) noted a 0.31% reduction in October, compared to the same period last year. This contrasted…
- Business News
Thailand economy: Fiscal position to suffer due to government policies like digital wallet scheme
Thailand’s fiscal position is predicted to face a downturn in the medium term, according to analysts, as the government advances populist policies such as the digital wallet scheme. BMI, a division of Fitch Solutions, forecasts that the nation’s budget deficit will escalate from 2.9% in the current fiscal year to 3.6% in the following fiscal year. This is due to…
- Thailand News
Pheu Thai government opts for Chinese frigate
An unexpected turn of events saw the Pheu Thai-led government opting for a Chinese-made frigate over a submarine, after a prolonged period of uncertainty surrounding the original submarine purchase. The shift in decision came on the heels of China‘s inability to get the German-made MTU 396 engine for the submarine, as specified in the 2017 agreement. China’s suggestion of using…
- Thailand News
MFP charter rewrite motion rejected by Thailand House of Representatives
A charter rewrite motion, sponsored by the main opposition Move Forward Party (MFP), has been rejected by Thailand’s House of Representatives. The decision was influenced by concerns that the proposed changes could lead to a biased charter amendment, as explained by Nikorn Chamnong, who leads a sub-panel tasked with gathering public opinion on a constitutional amendment referendum. The MFP intended…
- Thailand News
Thai firms to get tax cuts for aiding PM2.5 pollution reduction efforts
The government is set to grant tax incentives to Thai firms that financially support the mitigation of PM2.5 fine particulate matter, primarily resulting from forest fires. The Ministry of Natural Resources and Environment has expressed growing concern over the haze pollution expected to shroud the central and northern regions from November to March due to an extended drought period influenced…
- Business News
Thai government’s policy paradox: Digital wallet scheme and minimum wage hike under fire
The Thai government of Prime Minister Srettha Thavisin has faced significant challenges since coming to power seven weeks ago, with various commitments made during their campaign now under scrutiny. A crucial task includes the repatriation of Thai citizens affected by the Middle East conflict and the ongoing Israel-Hamas unrest. The Thai government’s promise to hike the daily minimum wage to…
- Thailand News
Thailand’s Social Security Office allocates 207 million baht for historic board election
The Social Security Office (SSO) in Thailand has allocated a budget of 207 million baht for the inaugural election of Social Security Board members. The event, slated for December 24, is a first in the history of the board, according to Boonsong Thapchaiyuth, the Security General. The Social Security Board, under the Social Security Act, serves as an intermediary between…
- Business News
Thai businesses on track to navigate energy price cuts: TDRI concerns loom
Thai businesses are assessing the implications of the government’s recent energy price cuts, amidst concerns from the Thailand Development Research Institute (TDRI) about the potential adverse long-term effects of the policy. The Srettha Thavisin-led government has decided to slash the power tariff from 4.45 baht per kilowatt-hour to 3.99 baht between September and December and cap the retail price of…
- Business News
Thai retailers urge government to reassess import taxes on luxury goods
The Thai government is being implored to reassess the import taxes imposed on luxury goods to mirror the tax rates in neighbouring countries. This is a strategic move aimed at attracting foreign tourists and bolstering the competitiveness of Thai small and medium-sized enterprises (SMEs) against established foreign brands in the country. The call for this revision comes from Yol Phokasub,…
- Business News
Thailand’s mega land bridge project: an economic boon or environmental bane?
The Industry Ministry of Thailand is currently assessing the environmental impact of a proposed land bridge megaproject in the southern part of the country, a venture that promises to significantly bolster the Thai economy in the future. This assessment is crucial to determining the project’s viability and addressing any potential negative effects on the environment. The proposed land bridge, which…
- Business News
Bonding for the future: Thai govt sets sail with expanded issuance
The director-general of the Public Debt Management Office (PDMO) yesterday asserted that the planned issuance of government bonds in fiscal next year will be proportionate and appropriate. The limit for bond issuance for the said fiscal year has been expanded by approximately 160 billion baht. Patricia Mongkhonvanit revealed the increase is intended to counterbalance the budget deficit for fiscal next…
- Thailand News
Thai government plans further electricity tariff cut to 3.99 baht per unit
The Thai Energy Ministry has laid out plans to further reduce electricity tariffs by an additional 11 satang per unit, announced government spokesperson Chai Watcharong yesterday. Deputy Prime Minister and Energy Minister Pirapan Salirathavibhaga disclosed the plan during the meeting, stating that the current rate of 4.10 baht per unit is set to drop to 3.99 baht. Just last month,…
- Thailand News
Universal healthcare pilot scheme offers flexible hospital choice in Thailand
The Public Health Minister, Cholnan Srikaew, has announced the readiness of a new pilot scheme that will enable members of the universal healthcare (UC) programme to seek health services at any hospital. The initiative is aimed at enhancing healthcare delivery, providing UC members with the flexibility to seek eligible services at any hospital. It is expected that the scheme will…
- Tourism News
Phuket tourism and property sectors propose Andaman Wellness Economic Corridor
Phuket’s tourism and property development sectors have called on Prime Minister Srettha Thavisin to swiftly consider their proposal for an Andaman Wellness Economic Corridor (AWC). This initiative is intended to align with the global wellness trend, enhancing the tourism industry and related investments. This came to light during the Prime Minister’s recent visit to Phuket and Phang Nga, where he…
- Thailand News
Birth rate plunge triggers health minister’s urgent action plan
The national birth rate in Thailand is on a steep decline, prompting urgent action from the country’s Minister of Public Health Chonlanan Srikaew. He plans to push fertility to the forefront of the country’s national agenda, aiming for swift implementation within 100 days as part of the ministry’s “quick win” policies. Chonlanan revealed after Friday’s executive meeting that the current…
- Thailand News
Charter changes referendum has MFP concerned about government’s procrastination
The potential referendum concerning changes to the charter sparked concerns as the Move Forward Party (MFP) suggests the government is procrastinating. Deputy Prime Minister Phumtham Wechayachai tasked with forming a panel to study the referendum plans, stated that discussions about the referendum’s necessity are still ongoing. This announcement came after the Cabinet’s first meeting this week. The focus of the Cabinet’s…
- Thailand News
Thai PM ‘splits’ salary option sparks debate among civil servants
Prime Minister Srettha Thavisin yesterday responded to criticisms surrounding the recent Cabinet resolution, which offers civil servants the option of receiving their monthly salary in two instalments instead of the usual single payment. The resolution, primarily aimed at stimulating the economy, was unveiled during the first Cabinet meeting of his administration on Wednesday and is tentatively set to start in January.…
- Thailand News
Thai government improves universal healthcare scheme with digital, patient-centric measures
Thai Prime Minister Srettha Thavisin mandated the country’s health minister, Cholnan Srikaew, to assemble a committee aimed at improving services provided under the universal healthcare scheme. According to government spokesman, Chai Wacharonke, the prime minister’s objective is to simplify access to healthcare services for the public. An example of the impending changes to the universal healthcare scheme includes eliminating the necessity…
- Business News
Energizing savings: Government’s cost-cutting shock eases financial pressure
The Employers’ Confederation of Thai Trade and Industry (EconThai) expressed approval for the Thai government’s latest move to slash both electricity and diesel costs. This initiative is aimed at alleviating the financial pressure on households and businesses. The reduction in power tariff was confirmed yesterday, following Prime Minister Srettha Thavisin‘s policy statement announcement in parliament, reports Bangkok Post. The new…
- Business News
SET falls as Thai government’s new policies fail to convince investors
The Stock Exchange of Thailand (SET) experienced a slight decline yesterday as the newly elected government‘s policy statement failed to impress investors. Analysts have raised concerns about the lack of specific timelines and the feasibility of implementing these policies. The Srettha Thavisin administration’s key policies include a 10,000 baht digital wallet to stimulate domestic demand, energy price reductions, tourism promotion,…
- Thailand News
Civilian defence minister to navigate Thai military reforms amid coalition challenges
The newly appointed Defence Minister, Sutin Klungsang, is in the spotlight as he is expected to navigate through various challenges within the military while maintaining stability within the Pheu Thai-led coalition government. As the first civilian to take the defence minister position without also holding the role of the prime minister, Sutin is expected to manage military reform, the southern…
- Thailand News
NHSO plans digital transformation, enhanced universal healthcare
Thailand’s National Health Security Office (NHSO) is set to improve its services in alignment with the new government‘s policy, according to the NHSO secretary-general, Jadet Thammathataree. The planned modifications pertain to the universal healthcare package, commonly referred to as the gold card scheme and the digital transformation of the NHSO system. The NHSO has recently engaged in discussions with the…
- Transport News
Thailand’s transport sector set for major 29.7 billion baht upgrade
A bright future is on the horizon for Thailand’s transport and logistics system. The Transport Minister, Suriya Juangroongruangkit, has recently outlined his ambitious plans for the country’s railways and maritime sectors. Revealed during his inaugural speech, these policies are set to be formally announced next week. Suriya believes that by focusing on these areas of transport improvement, Thailand can significantly…
- Thailand News
One Family, One Soft Power policy introduced to promote Thailand’s soft power
The new government of Thailand, led by Prime Minister Srettha Thavisin, has introduced a policy known as One Family, One Soft Power (OFOS). This policy aims to promote Thailand’s soft power, starting by improving the skills of Thai people with free training programmes and workshops. The political campaigns of the Pheu Thai Party gained a lot of interest from the…
- Technology News
Online fraud declines as Thais embraces digital safety measures
Chaiwuti Thanakamanusorn is confident that online crime measures are effective, as statistics of online scams show a decline. The public is also increasingly aware and cautious, preventing themselves from becoming victims of online fraud. Chaiwuti, the Thai Minister of Digital Economy and Society (MDES), is urging the public to adopt measures to protect themselves from becoming victims of organized cybercriminal…
- Thailand News
Cannabis clash to coalition: Bhumjaithai’s olive branch to Pheu Thai Party PM candidate
The fickle nature of Thai politics once again reared its ugly head when the leader of the Bhumjaithai Party extended an olive branch to the Pheu Thai Party prime ministerial candidate who levied against their cannabis legalisation policy during the General Election campaign. Pheu Thai Party leader Chonlanarn Srikaew yesterday invited Anutin Charvirakul and the Bhumjaithai Party to a press…
- Thailand News
Prime minister fast-tracks aid for firework warehouse blast victims
Prime Minister Prayut Chan-o-cha, along with Interior Minister Anupong Paojinda, toured the site of a devastating fireworks warehouse explosion in Narathiwat yesterday. The visit aimed to expedite the rehabilitation process for victims and address housing issues caused by the unfortunate incident. Chan-o-cha journeyed to Muno, a village in Sungai Kolok district, to evaluate first-hand the circumstances of those affected by…
- Thailand News
Thai state bodies unite to curb money laundering via digital assets
In an unprecedented act of collaboration, five Thai state bodies are colluding to tackle illicit fiscal operations and money laundering across national frontiers, reveals Traisuree Taisaranakul, the deputy government spokeswoman. The cooperative pact encompasses the Royal Thai Police (RTP), the Revenue Department, the Securities and Exchange Commission (SEC), the Anti-Money Laundering Office (Amlo), and the Bank of Thailand (BoT). Traisuree…
- Thailand News
Thai police ban book critiquing monarchy, citing national security threat
Royal Thai Police have prohibited the circulation of an upcoming book that scrutinises the nation’s monarchy. The prohibition was issued in response to the book’s perceived slander towards the royal institution, according to a police statement in the Royal Gazette. The contentious publication, ‘Rama X: The Thai Monarchy under King Vajiralongkorn,’ both in its content and cover, is considered to express…
- Phuket News
Phuket governor takes action to solve out of school children crisis
In a decisive step towards ensuring all children in Phuket receive a formal education, Narong Woonciew, the Governor of Phuket, convened a meeting at the Phuket Provincial Hall. The gathering focused squarely on the thousands of children on the island who are not currently registered at any educational institution. Also in attendance were Vice Governor, Amnuay Pinsuwan, MP Thitikan Thitipruethikul,…
