Thai Government
- Business News
Economist warns of panic as new Thai government risks fiscal sustainability
Concerns about fiscal sustainability have been raised by Kiatnakin Phatra Securities (KKP), as the new government‘s potential “addiction to budget deficits” may cause panic in the stock market. KKP’s chief economist, Pipat Luengnaruemitchai, expressed his apprehensions regarding the country’s fiscal outlook if excessive expenditure is allocated by politicians and the government without a clear financing plan. As Thailand prepares for…
- Business News
Thai election fallout hits SET, investors dump big-cap stocks
Despite initial optimism that the General Election could reverse the “sell in May” phenomenon, the recent poll sent the Stock Exchange of Thailand (SET) index into a tailspin, dipping 3% the first week after the election. Political uncertainties have triggered an outflow of funds, worsening the situation for Asia’s worst-performing bourse this year. The market capitalisation of the SET has…
- Business News
Thapanee Kiatphaibool approved as new TAT governor
The Tourism Authority of Thailand (TAT) announced the appointment of Thapanee Kiatphaibool as its new governor, effective from September 1. The 48 year old, who currently serves as the deputy governor for domestic marketing, was chosen by the TAT board yesterday, following a recruitment process that began on February 20. Out of the two finalists, the nomination subcommittee, chaired by…
- Business News
Limited impact expected from new government’s stimulus amid political uncertainty
The impact of the new government‘s stimulus measures on the economy is expected to be minimal, as the stock market has already accounted for risks associated with political issues, according to the SCB Chief Investment Office (SCB CIO). Kampon Adireksombat, first senior vice-president and head of SCB CIO, stated that the formation of a new coalition government is still uncertain…
- Business News
Thai government revenue exceeds target by 112 billion baht amid economic recovery
The Ministry of Finance announced that government revenue collection for the first seven months of fiscal 2023 (October to April) surpassed the target by 112 billion baht, primarily due to contributions from agencies other than the Revenue Department. This information was shared by Pornchai Thiraveja, director-general of the Fiscal Policy Office. The government collected a net revenue of 1.38 trillion baht…
- Business News
FTI urges swift Thai coalition to back high-tech hub and green growth
The Federation of Thai Industries (FTI) is preparing a position paper outlining the economic policies favoured by businesses, with plans to submit it to the newly formed government once it takes office. Montri Mahaplerkpong, the FTI vice-chairman, stated that the paper is in its final stages and should be approved by the end of the month. The document will highlight…
- Economy News
Thai govt postpones tourism tax due to airlines’ complaints
The Thai government has announced the postponement of the planned 300-baht (US$9) tourism tax from June to September due to complaints from airlines. The fee was proposed to help the Thai tourism sector recover from the Covid-19 pandemic, with a 150 baht sum for overland visitors and a 300-baht fee for airline passengers. However, airlines raised concerns about the implementation…
- Crime News
Fruitless: Tourists they face jail time for bringing fruits to Thailand, govt warns
The Thai government issued a warning to tourists that it would be fruitless to bring fruits into Thailand unless they wanted to go to jail. The Department of Agriculture specifically stated that transporting fresh fruit into Thailand without a phytosanitary certificate could result in a fine of 20,000 baht or a jail sentence of one year. The director-general of the…
- Business News
New law allows foreign talent to thrive in Thailand
The government of Thailand has taken a huge step forward in attracting highly skilled foreign workers to the country, with the release of a new law that allows foreigners to work or invest in 18 select industries. The Royal Thai Gazette website published a notice from the Ministry of Interior outlining the special permit for migrant workers, signed by Prime…
- Thailand News
Thailand’s democracy index 2022 is the most improved in the world
Don’t laugh but, Thailand’s democracy index in 2022 is the most improved in the world, so says the Economist Intelligence Unit (EIU). It has jumped 17 spots on the global scale, ranking 55th out of 167 countries, at a score of 6.67 out of 10. The EIU is a research and analysis organization that provides economic and political forecasts and…
- Covid-19 News
Thai government to give free Covid tests to symptomatic foreign tourists
The Thai government says it will provide free Covid-19 tests to symptomatic foreign visitors as well as offer a “reasonably priced” vaccine to foreign tourists. According to Bangkok Post, Thailand’s Public Health Minister, Anutin Charnvirakul, announced his decision to cancel the re-introduction of all tourists needing to be fully vaxxed against the coronavirus. Anutin also stressed that health insurance is still required…
- Economy News
FTI threatens to raise prices if govt hikes energy costs
It appears tourism won’t be the only thing on the rise in Thailand next year. Thai industries appear to be holding the government to account, threatening they will hike prices if the price of electricity is raised in the new year. Entrepreneurs under the Federation of Thai Industries (FTI) warned it will increase product prices by 5-12% if the government…
- Thailand News
Pubs, gas stations, 24-hour stores to close early to save energy
The Energy Ministry of Thailand plans to close pubs, gas stations, and 24-hour convenience stores early to save energy if the situation gets worse. The Permanent Secretary of the Energy Ministry, Kurit Sombatsiri, revealed the conclusions from the energy crisis meeting between Prime Minister Prayut Chan-o-cha and the Energy Policy and Planning Office (EPPO) yesterday. Kurit explained that the increasing…
- Thailand News
Missing 50 million baht is a misunderstanding, says govt
UPDATE The Thai government says there has been a misunderstanding about the missing 50 million baht promised to tobacco farmers. The money is still in government coffers and would be distributed to tobacco farmers as promised by May next year. Last week, Prime Minister Prayut Chan-o-cha urged Deputy Prime Minister Prawit Wongsuwan and relevant departments to investigate the missing 50…
- Thailand News
Deputy PM says criticising government is not a big deal
Criticising the government or Thai monarchy is generally punished with a lese majeste charge and time in prison as three critics discovered last week. Yet this week, Deputy Prime Minister Prawit Wongsuwan hailed Thai comedian Udom Taepanich’s satire adding that the funnyman’s criticisms of the government are not a big deal. Udom Taepanich, aka Nose Udom, is a Thai stand-up…
- Thailand News
Thai PM demands investigation into lost 50 million baht budget
Prime Minister Prayut Chan-o-cha urged Deputy Prime Minister Prawit Wongsuwan to investigate the disappearance of a 50 million baht government budget. PM Prayut attended the Cabinet meeting at the Parliament House of Thailand yesterday to discuss the flood situation across the country. At the end of the meeting, the Deputy Minister of the Finance Ministry, Santi Promphat, suggested PM Prayut…
- Thailand News
Politicians urged to wear Thai suits to save energy
A Thai minister urged politicians and government officials to avoid wearing suits and ties and opt for Thai-fabric clothes instead. The minister says Thai fabric is suited to the kingdom’s climate and would help the government save energy. The Minister of Natural Resources and Environment, Varawut Silpa-archa, said at yesterday’s Cabinet meeting that he wants to introduce energy-saving measures to…
- Thailand video news
Thailand News Today | Flash flooding to hit every region of Thailand
Tropical Storm Noru is forecast to hit Thailand two days later than expected on Thursday. The typhoon will cause rainfall all over Thailand but is expected to impact Mukdahan and Amnat Charoen provinces in northeast Thailand directly. According to Thailand’s Meteorological Department, the typhoon will bring heavy rain and flooding similar to the Dianmu storm that hit Thailand last year. After brewing…
- Thailand News
Cabinet approves 1.6 billion baht to solve Thai flood problems
The Thai Cabinet yesterday approved a budget of almost 1.6 billion to deal with Thailand’s perpetual flood problems. Some 912 million baht has been set aside for water management during the rainy and drought seasons while 664 million baht has been allocated for new water pumps. Prime Minister Office spokesperson Anucha Burapachaisi told an assembled Thai press conference yesterday that…
- Economy News
Thai govt earned 2.02 trillion baht in 10 months but still borrowed
The Fiscal Policy Office of Thailand revealed the kingdom filled its coffers with 2.02 trillion baht in the past ten months but still had to borrow about 658 billion baht to overcome its deficit. The Director of the Fiscal Policy Office of Thailand, Pornchai Theerawet, yesterday revealed that Thailand earned 2.02 trillion baht in the first 10 months of the…
- Politics News
German’s one-man protest against the government of Thailand
A foreigner held a one-man protest against the government of Thailand today in the central province of Rayong. The German man, Moritz Pfoh, was spotted walking on an island in the middle of Sukhumvit Road in Tapong sub-district, Mueng district, holding a portrait of acting Prime Minister Prawit Wongsuwan with a red cross on his face. The 35 year old,…
- Thailand video news
Thailand News Today | Bangkok street food destination in top 10 “coolest streets in the world.”
One of Bangkok’s oldest streets has been named as one of the “coolest streets in the world.” London-based Time Out magazine named Yaowarat Road the eighth coolest street in the world after polling readers about post-pandemic life in their city. Over 20,000 people took part in the poll which asked readers to base their ranking on food, fun, culture,…
- Politics News
Thai authorities search for graffiti activists insulting ex PM Prayut
Authorities are searching for a group of political activists who spray-painted offensive words disparaging Thailand’s suspended prime minister Prayut Chan-o-cha in a number of public places throughout the northeastern province of Nakhon Ratchasima. The media reported that the activists held a public expression of solidarity at several spots in Nakhon Ratchasima without permission on Wednesday, August 24. The activities were…
- Thailand News
Govt officials spend too much time online rage Thailand netizens
A survey revealing Internet user behaviour among Thailand’s government officials has annoyed the nation’s netizens who believe they have too much free time on their hands. The Electronic Transactions Development Agency (ETDA) yesterday announced the results of a report on Thailand’s Internet User Behaviour, with government officials coming out on top. The ETDA collected the information from 46,348 participants between…
- Cannabis News
New govt bill on cannabis hopes to clear blurred lines in Thailand
A new government bill on cannabis and hemp use revealed that people will be allowed to grow no more than 15 cannabis plants for household use while selling and advertising cannabis and cannabis-based products online and in vending machines will be prohibited. The House committee spokesperson scrutinising the latest cannabis and hemp bill yesterday announced the amendment will go before…
- Thailand News
PM’s office is one of Thailand’s top advertising spenders
Thai netizens are curious as to why the Office of the Thai PM has spent so much money on advertisements after a recent poll by Nielsen ranked it in 13th place for the most money spent on advertising in Thailand. New York City-based Nielsen is a US information, data, and market measurement firm with clients in over 100 countries around…
- Thailand News
Thailand to consider Chinese engines for S26T Yuan submarine
The Royal Thai Navy (RTN) yesterday revealed it is considering buying Chinese-made engines for the S26T Yuan-class submarine after complications in purchasing the said technology from Germany. Thailand originally turned down the offer of using Chinese-made engines for the Chinese submarine the Thai Government approved to buy in 2017 in favour of using German-made engines. But since the German government…
- Thailand video news
Thailand News Today | Thailand has 2 of the “World’s 20 Most Beautiful Beaches”
In a new list published in UK’s Daily Star newspaper, Thailand has two of the “World’s 20 Most Beautiful Beaches” Thailand’s Sunrise Beach was ranked in sixth place, and Maya Bay came in at 12th place on the list. Sunrise Beach is reportedly the most popular beach on Koh Lipe island, with longtail boats gliding across its waters where smaller…
- Thailand News
Plan underway to screen Thailand’s no-confidence vote
Four universities and four free TV channels in Thailand are working together to find a way to screen this week’s censure debate for the public. The idea is to give the nation’s citizens a vote on each cabinet member’s performance from 6pm on Friday, the last day of the censure motion. The vote result won’t be taken into account, but…
- Thailand News
Pro-Prayut James Bond “008” posters mocked by opposition
A pro-government Facebook page, Priang News, (เปรี้ยง) which created several James Bond-type 008, No Time to Die posters, in support of Cabinet members during this week’s censure debate, has been mocked by the opposition. Priang News created posters saying PM Prayut Chan-o-cha will not be “killed” stating the Bond movie No Time to Die and using the hashtag #FightEveryProblem. Pheu…
