CARACAS (Reuters) – Talks in Norway this week with representatives of Venezuela’s government and the opposition sought to “build a peaceful agenda” for the crisis-stricken South American country, President Nicolas…
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(Photo) Maduro expressed gratitude to Norway and its support for “dialogue,”/AFP
BEIJING (Reuters) – China offered strong support to Iran on Friday, with its top diplomat telling Iran’s foreign minister that China opposes unilateral sanctions and supports Tehran’s efforts to safeguard…
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The current growth forecast for Thailand’s GDP is 3.8%, with exports projected to grow by 3%, but global economic volatility, caused by the intensifying trade war between China and the…
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After 48 years The Nation, one of the two English-language newspapers in Thailand, will end its print edition with its last issue scheduled for June 28th. Nation Multimedia Group CEO…
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Thai export growth this year is expected to register 0.5-1%, the lowest in four years, due to the escalating US-China trade war and the Vietnam-EU free trade agreement, which is…
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Thailand’s Eastern Economic Corridor (EEC) Policy Committee, headed by Prime Minister Prayut Chan-o-cha, today acknowledged the State Railway of Thailand’s decision to award the contract to build the 220 billion…
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AFP/File / Jim WATSON
US President Donald Trump (R) during a trade meeting with China’s Vice Premier Liu He (L) in the Oval Office at the White House in Washington, on April 4, 2019.
WASHINGTON/BEIJING (Reuters) – The United States and China appeared at a deadlock over trade negotiations on Sunday as Washington demanded promises of concrete changes to Chinese law and Beijing said…
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The latest round of US trade salvo against Chinese goods could dampen the prospect of Thai exports as Thailand’s outbound shipment can contract this year, said Thanawat Polwichai, Director of…
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In spite of the government’s efforts to stimulate economic growth by launching a series of measures, their impacts on the market may be minimal largely because consumers have not regained…
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Thailand’s consumer confidence index (CCI) for the month of April plunged to 79.2 points – the lowest in 16 months – due to concerns over political uncertainty, slow domestic economic…
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Thailand’s Supreme Court has ordered six insurance companies to pay the Stock Exchange of Thailand (SET), Thailand Securities Depository and Family Knowhow Company 100 million baht in total compensation for…
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Thailand’s Election Commission (EC) is confident that it will be able to announce, in the Royal Gazette, the official results of the March 24th general election by May 9th, the…
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The Thai Chamber of Commerce and Board of Trade have reduced Thailand’s 2019 export growth projection from 3.1% to 2.1% citing several unfavorable external factors. Meanwhile, the External Trade Promotion…
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Photo from Competition Friend Facebook page
Thailand’s Trade Competition Committee has issued a set of guidelines to control the retail sector in order to prevent large retailers or retail chains from unfairly taking advantage of producers…
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At least twice a month –- on the first and sixteenth days – millions of Thais hope and pray that their fortune will change. They are glued to their TV…
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The World Bank has cut Thailand’s growth rate projection this year to 3.8% from 3.9% compared to last year’s 4.1% GDP due to export growth slowing to 5.7% from last…
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The Revenue Department has withdrawn a much-criticized demand for bank depositors to provide written consent to allow their banks to deduct tax on interest earned on deposits. Revenue Department spokesman…
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Bank depositors in Thailand who earn more than 20,000 baht interest a year from their bank deposits will now be taxed 15% on the interest they earn, according to Finance…
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(Reuters) – Facebook Inc’s social networking site, photo-sharing social network Instagram and messaging app WhatsApp were inaccessible to many users across many countries, including Thailand, on Sunday, downdetector.com, which monitors…
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After Thai consumer confidence in March recorded the first drop in three months, businesses pin their hope that Songkran will boost the spirit of spending. Usually, there is an uptick…
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Thailand’s mobile phone operators using the 900Mhz band and digital TV licensees have been granted a reprieve regarding their concession fees, thanks to the National Council for Peace and Order (NCPO). According…
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Thai economic growth this year is unlikely to pass 4 percent as economists have recently revised the growth downward because the Thai exports are facing strong headwinds amid local political…
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As of press time, the National Wage Committee has decided to postpone a decision on the minimum wage to later this month, even though the new rate was initially expected…
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The board of the Airports of Thailand Company (AOT) has decided to split the concession to operate airport duty-free shops into two contracts – one for Suvarnabhumi and the other for Phuket, Chiang Mai and…
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Since the US China trade war kicked off in the middle of last year, Thai business begin to feel the pinch as seen by the downward trend of Thai exports….
Read MoreThe future of the Eastern Economic Corridor (EEC) could hang in a balance as it remains uncertain which parties will form the new government. The EEC, the massive-scale infrastructure project…
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The US Federal Aviation Administration (FAA) has identified 26 flaws in Thailand’s aviation standards during its recent inspection and has recommended that they be rectified if Thailand is to regain…
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LONDON (AP) — British lawmakers issued a scathing report Monday that calls for tougher rules to keep Facebook and other tech firms from acting like “digital gangsters” and intentionally violating…
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British Prime Minister Theresa May won a few weeks to salvage a Brexit deal but headed toward a clash with the European Union by promising to overhaul the divorce agreement…
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TOKYO (AP) — The Japanese business daily Nikkei reported Wednesday that Nissan’s former chairman Carlos Ghosn, in his first interview since he was detained in November, blamed his arrest on…
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The ongoing smog problem in and around Bangkok has caused financial loss estimated at 2,600 million baht since late last month in term of lost opportunities in health and tourism…
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Thailand Development Research Institute (TDRI) has expressed concern that low income-earners who bought housing units under the government-sponsored “One Million Housing Units” project may not be able to pay their…
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DAVOS, SWITZERLAND (AFP) – The world’s 26 richest people own the same wealth as the poorest half of humanity, Oxfam said on Monday, urging governments to hike taxes on the…
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The Securities and Exchange Commission (SEC) has decided to slap a 499.95 million baht fine on billionaire businessman Dr Prasert Prasarttong-Osoth, his daughter Ms Paramaporn and another woman, Mrs Narumon…
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Singapore and Vietnam are likely to be shortlisted to host a second summit between North Korean leader Kim Jong Un and United States President Donald Trump, South Korean Foreign Affairs…
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The Public Warehouse Organization (PWO) has submitted to the Office of the Attorney-General (OAG) all the contracts related to the hiring of private warehouses and rice surveyors for the storing…
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The Government Housing Bank will set aside a fund of one billion baht to be extended to people whose houses are damaged by tropical storm Pa Buk which is wreaking…
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A US government delegation will visit China Monday and Tuesday for the first face-to-face talks since US President Donald Trump and his Chinese counterpart agreed on a tariff truce, China’s…
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The Finance Ministry has ordered the Government Housing Bank to increase the limit of housing loans initially set at 50 billion baht for the One Million Housing Units project after…
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www.ghbank.co.th
Thousands of people flocked to the head office of the Government Housing Bank (GHB) on Rama 9 Road in Bangkok this morning in order to apply for housing loans to…
Read MoreBusiness operators’ confidence index for the month of November peaked to 93.9 points from 92.6 points in October, representing the highest level in 66 months since June 2013. Suphan Mongkonsuthee,…
Read MoreThe board of directors of Airports of Thailand (AOT) has given the greenlight for the construction of the second passenger’s terminal at Suvarnabhumi international airport despite earlier demands from leading…
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For the first time in seven years, the Bank of Thailand on Wednesday increased its policy rate by 25 points to 1.75 percent from 1.50 percent. The Monetary Policy Committee…
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In another sign of worsening troubles for the media industry, mass-circulation Thai Rath newspaper is joining its media colleagues in downsizing its staff through a voluntary early retirement scheme. Thai…
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Supporters hold signs calling for a release of Huawei Technologies chief financial officer Meng Wanzhou outside her bail hearing at British Columbia Superior Courts in Vancouver following her December 1 arrest in Canada for extradition to the US.
VANCOUVER/BEIJING (Reuters) – A Canadian court on Tuesday granted bail to a top executive of Chinese telecoms giant Huawei Technologies Co Ltd while she awaits a hearing for extradition to…
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VANCOUVER/BEIJING (Reuters) – The daughter of Huawei’s founder, a top executive at the Chinese technology giant, was arrested in Canada and faces extradition to the United States, roiling global stock…
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Chinese people in Beijing will be able to apply for visa to visit Thailand through online service starting February 15. The e-visa system, jointly launched by the Ministry of Foreign Affairs…
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Tourist arrivals in the famous resort town of Phuket have increased by 10 percent, with more visitors from India though Chinese arrivals have not picked since the Phoenix tourist boat…
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In yet another populist move, the National Oil Palm Committee led by Deputy Prime Minister Prawit Wongsuwan plans to give away 1,500 baht/rai cash handout to 150,000 oil palm planters…
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Prime Minister Gen Prayut Chan-o-cha is greeted by German Chancellor Angela Merkel during his visit to Germany on Wednesday. –Photo from Government House
Describing Germany as a long-time ally of Thailand dating back to over 150 years, Prime Minister Prayut Chan-o-cha told his German counterpart, Chancellor Angela Merkel that Thailand aspired to become…
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Thai Airways International has lost 10 percent of its market share in the past three years due to a shortage of aircraft and if it wants to restore the market…
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The Thai tourism business which was dealt a serious blow since mid-July from a substantial drop of Chinese arrivals over a tourist boat tragedy in the sea off Phuket has…
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Prime Minister Prayut Chan-o-cha has blamed the Thaksin government’s policy in 2004 to promote the expansion of one million rai of rubber plantations for today’s rubber surplus, making Thailand the…
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A fallout from declining tourist arrivals, especially Chinese since the Phoenix tourist boat tragedy in mid-July, has forced more than 10 small hotels and hostels in Chiang Mai to put…
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The Cabinet on Tuesday approved in principle 18.6 billion baht in aid package to help rubber plantation owners and rubber tappers currently affected by falling rubber prices. Under the aid…
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Economic growth rate for the third quarter was registered at 3.3 percent – down from 4.6 percent during the second quarter, but the growth rate for the fourth quarter is…
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King Power International Group has unveiled what is billed as the world’s biggest glass-bottomed skywalk located on the rooftop of the 78-storeyed King Power Mahanakhon building on Narathiwat Road in…
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Former Thai ambassador to China Viboon Koosakul has suggested that Thailand learn to make adjustments to accommodate modern China which is now entering an era of innovation. Viboon described China’s…
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A screen shows the gross merchandise volume, a measure of sales, after 2 seconds of Singles Day sales, as it reaches about 1,437,752,505 USD during the 2018 Tmall 11:11 Global Shopping Festival gala in Shanghai early on November 11,
SHANGHAI (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd smashed the 2017 record for its Singles’ Day sales event on Sunday, surpassing 168 billion yuan ($24.15 billion) sales in…
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Thai businessman Chatchaval Jiaravanon, a member of one of Thailand’s richest families, has bought Fortune magazine for US$150 million through his wholly-owned company, Fortune Media Group Holdings Limited. Fortune magazine…
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Business leaders today welcomed the announcement of political timeline by Deputy Prime Minister Wissanu Krea-ngarm on Thursday. Federation of Thai Industries president Suphan Mongkolsuthee said the election which is to…
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CP All Public Company, the sole operator of 7-Eleven convenience store chain, on Wednesday announced its declaration of intention to reduce and, eventually, to end the use of single-use plastic…
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SHANGHAI (Reuters) – The US-China trade war is the “most stupid thing in this world,” Jack Ma, the chief of Asia’s most valuable public company, Alibaba Group Holding Ltd, said…
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The Tourism Authority of Thailand’s projection of 11.5 percent growth in tourist arrivals next year may not be met, resulting in a revenue loss of about 50 billion baht unless…
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Prime Minister Prayut Chan-o-cha is satisfied with Thailand’s latest rankings in the World Bank’s Doing Business Report 2018. Government spokesman Putthipong Punnakan said today that the prime minister was pleased…
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The Anti-Corruption Organization of Thailand (ACT) has urged Prime Minister Prayut Chan-o-cha and the Public Section Anti-Corruption Commission to impose “integrity pact” in a new round of auction to choose…
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The Cabinet on Tuesday gave nod to four mega-projects related to the Eastern Economic Corridor (EEC) at its meeting in the northern province of Chiang Rai. The four project, namely…
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DTAC TriNet, a subsidiary of Total Access Communication, won the auction for a 900 megahertz licence uncontested with a bid at 38,064 million baht at the National Broadcasting and Telecommunications…
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The US-China trade war is driving China to turn to invest even more in Asean and the investment value is projected to surge to 16 trillion baht in the next…
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In a bid to cope with an expected slowdown in global economic growth next year, Deputy Prime Minister Somkid Jatusripitak has instructed the Finance Ministry to inject another 50 billion…
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Four main roads in Bangkok are included in a five-year pilot project aimed at easing traffic congestion in the capital with the help of artificial intelligence (AI) and big data…
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Key Pheu Thai Party figure, Khunying Sudarat Keyuraphan, has insisted the party would not be ready to work with Gen Prayut Chan-o-cha if he happens to stay in power after…
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Bank of Thailand Governor Veerathai Santiprabhob with Chairman of Indonesia’s Financial Services Authority Board of Commissioner Wimboh Santoso after signing a Memorandum of Understanding (MOU) on banking supervision in Nusa Dua, Bali, Friday. — Photo from Public Relations of Financial Services Authority.
Bank of Thailand and Indonesia`s Financial Services Authority signed a memorandum of understanding (MoU) committing efforts to strengthen banking supervision in both countries. Antara News reported that the MoU was signed…
Read MoreThe Thai Foreign Ministry has dismissed rumours that Thailand is imposing a limited quota of visas for Chinese visitors to Thailand. The ministry had checked with the Thai embassy in…
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PTT Public Company’s attempt to take over Glow Energy Company or GLOW has been blocked by the Energy Regulatory Commission. An informed source said the commission on Wednesday decided…
Read MoreThe International Monetary Fund (IMF) has raised its projection of Thailand’s economic growth for this year to 4.6% from 3.9% last year, while cutting the economic growth forecast of Asean….
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Altogether 448 flights arriving at and departing from Suvarnabhumi international airport on Tuesday were delayed after a THAI Boeing 744 plane skidded out off the runway and with some of…
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Japan’s Prime Minister Shinzo Abe delivers a speech next to Myanmar’s State Counsellor Aung San Suu Kyi during a joint press announcement for the 10th Mekong-Japan Summit at the Akasaka Palace state guest house in Tokyo on Tuesday, as Cambodia’s Prime Minister Hun Sen , Laos Prime Minister Thongloun Sisoulith, Thailand’s Prime Minister Prayut Chan-o-cha and Vietnam’s Prime Minister Nguyen Xuan Phuc look on.
The five Southeast Asian nations along the Mekong River, including Thailand, and Japan today adopted a new three-year strategy centering on improving connectivity through promotion of “quality infrastructure” building for…
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Prime Minister Prayut Chan-o-cha left this morning for Tokyo, Japan, to attend the 10th Mekong-Japan Summit and hold related talks with leaders of Cambodia, Laos, Myanmar, Vietnam and Japan. The…
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About 20 passengers were injured when a double-decker tour bus collided with a car before plunging into a forested ravine 50 metres below in Wichien Buri district of the central…
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Then US Ambassador Derek Mitchell visits Kachin State in December 2012. – Photo from The Irrawaddy
YANGON (The Irrawaddy) —A recent US report portrays China as seeking privileged access and influence inside Myanmar in order to further its geostrategic interests, while taking steps to counter the…
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Japan and Germany are interested in investing in Thailand’s new project to build a factory to assemble trains, said Deputy Transport Minister Pailin Chuchottaworn. At this point, he said, the…
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Thailand has been removed from the blacklist of countries affected by illegal ivory trade, said Mr Somkiart Suntornpitakkool, director of the Wildlife and Plants Protection Division, on Friday. He said…
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The World Bank has adjusted its projection of Thailand’s economic growth for the entire year to 4.5%, from the previous projection of 4.1%, said Kiattiphong Ariyapratchaya, a senior economist of…
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Photo: www.eeco.or.th
The government’s committee directing the policy of the flagship Eastern Economic Corridor (EEC) scheme, also known as the EEC board, on Thursday agreed in principle to endorse four more mega…
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Energy Minister Siri Chirapongphan has hinted that retail price of diesel may be increased above 30 baht/litre if global crude price rises to between 90-100 US dollars/barrel and the 6,000…
Read MoreConsumers’ confidence index for the month of September dropped slightly to 82.3 from August’s 83.2 – the first time in four months mainly due to a drop in the arrivals…
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The closure of Maya Bay, part of an island in Krabi’s Mueang district globally famous after it was picked as the shooting location for the movie “The Beach” in 1999,…
Read MoreInflation has continued to rise 15 months in a row to an average of 1.14 per cent for the first nine months of this year, said Ms Pimchanok Wornkhorporn, director…
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Japan has overtaken Thailand to become the top destination for Chinese vacationers during this Golden Week holiday of China, starting today, according to Ctrip.com, a major tourism website of China….
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Prime Minister Prayut Chan-o-cha has expressed regrets over a recent incident at Don Mueang international airport in which a Chinese tourist was assaulted by an airport security guard after the…
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The Energy Policy Committee has agreed to inject another 70 satang/litre to one baht/litre subsidy from the Oil Fund to freeze the retail price of diesel at 30baht/litre. Energy Minister…
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The Tham Luang Khun Nam Nang Non in Chiang Rai province which has been closed for renovation to restore its natural environment following the dramatic rescue operations to save the…
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The US Trade Representative (USTR) has threatened to cut the Generalized System of Preferences (GSP) for Thailand for failing to fully respond to its previous request for amendments to Thailand’s…
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All ageing passenger vans which are over ten years old will be put out of service starting October 1 after the working committee to regulate the service of the vans…
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The Asian Development Bank (ADB) has raised Thailand’s economic growth forecast this year by 0.5% from a previous forecast in April to 4.5%, while cutting Asean’s economic growth forecast to…
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The National Credit Bureau (NCB) today echoed concerns raised by the Bank of Thailand (BoT) over rising non-performing loans (NPL) in the mortgage sector. The overall NPL rate now stands…
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The board of Rubber Authority of Thailand will ask for 9 billion baht from the government’s Central Fund to help about 300,000 rubber planters who each owns not more than…
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US-based Chevron Corp and PTT Exploration and Production (PTTEP) are the only two contenders that submitted their bids for concessions of the Erawan and Bongkot natural gas fields in the…
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The Criminal Court on Tuesday acquitted former director-general of the Department of Special Investigation (DSI) Tarit Pengdit and four other police officers from charges of malfeasance filed against them by…
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