Business & Economy

FM dismisses rumours of quota of visas for Chinese tourists

The 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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Energy committee rejects takeover of GLOW by PTT’s subsidiary

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…

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IMF raises economic forecast for Thailand, trims Asean’s outlook

The 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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Over 400 flights delayed at Suvarnabhumi airport after THAI plane skidded off runway

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.

New Mekong strategy aims to boost quality infrastructure

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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PM Prayut attends 10th Mekong-Japan Summit in Japan

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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20 injured in double decker’s plunge into a roadside ravine

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

China taking active moves to counter Western influence in Myanmar: US Report

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 eye Thailand’s train-making factory project

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 removed from CITES blacklist of countries affected by illegal trade of ivory tusks

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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World Bank projects higher economic growth for Thailand

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

EEC board approves four more mega infrastructure projects

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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Diesel price to go up if global crude oil price rises to US$90-100/barrel

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…

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Consumer confidence index drops for first time in four months

Consumers’ 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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Popular Maya Bay closed indefinitely for rehab after serious damage

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,…

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Inflation in steady rise for 15 consecutive months

Inflation 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 beats Thailand to become Chinese tourists’ top choice

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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PM regrets  assault incident at Don Mueang airport

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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More subsidy injected to freeze retail price of diesel at 30 baht/litre until year end

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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Tham Luang to offically reopen to public on December 1

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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USTR threatens to cut GSP for Thailand over labour, pork issues

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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No extension for the service of ageing passenger vans after September 30

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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ADB raises economic outlook for Thailand, cut forecast growth for Asean

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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Credit bureau warns home loan bad debts continue to grow

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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9 billion baht fund to be sought from Central Fund to help small rubber farmers

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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Only Chevron and PTTEP submit bids for Bongkot, Erawan blocks

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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Ex-DSI chief Tarit acquitted in malfeasance case filed by Abhisit and Suthep

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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Temple pagoda of Rama III era subsided, injuring 11 people

Eleven workers were injured, three of them seriously, after a historic pagoda under renovation at Wat Phrayatham Voraviharn in Bangkok Noi district, Bangkok, caved in before noon today. Police reported…

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Teak logs in new parliament building designed to convey  “Thai-ness”

The use of teak wood to decorate the interior of the new parliament building under construction is meant to convey Thai culture and Thai-ness, House of Representatives secretary-general Sorasak Pienwech…

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Government facing heat over use of teak wood to decorate new parliament building

Stop Global Warming  Association president Srisuwan Janya has threatened to lodge a lawsuit with the Central Administrative Court against the government if it allows the use of a large quantity…

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Energy Ministry to hold bidding for gas exploration in Bongkot and Erawan blocks

The Ministry of Energy will go ahead with the bidding for gas exploration in the Bongkot and Erawan concession blocks in the Gulf of Thailand on Tuesday. A ministerial source…

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City Hall holds event to mark International Car Free Day

The Bangkok Metropolitan Administration marked the International Car Free Day this morning  with an event in front of Central World shopping mall to urge motorists to reduce their use of…

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Exports for August rise 6.68 percent – the highest so far this year

Thai exports for the month of August grew 6.68 percent to US$23.8 billion which was the highest so far this year, said Ms Pimchanok Wornkhorporn, director of Trade Policy and…

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Ford car company ordered to pay 23 million baht in compensation to 291 car buyers

A total of 308 buyers of Ford Fiesta and Focus cars have won a class action lawsuit against Ford Sales and Service (Thailand) after the Bangkok South Civil Court ordered…

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Business operators’ confidence index drops for August

Confidence index of business operators for the month of August was 92.5 points – down from 93.2 points recorded in July, according to the Federation of Thai Industries. FTA president…

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Governor admits Bangkok still faces flood risks

Bangkok still has to watch out for possible flooding while massive run-offs from upper Thailand are expected to pass the capital through Chao Phraya River in the aftermath of Typhoon…

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Cabinet gives nod to over 60 mega projects to facilitate EEC

The Cabinet on Tuesday approved more than 60 large-scale investment projects in the lower North and upper Northeast designed to facilitate and to connect with the government’s flagship Eastern Economic…

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China hits back by levying tariffs on US$60b of US goods

BEIJING (REUTERS) – China will levy tariffs on about US$60 billion worth of US goods in retaliation for new US tariffs, as previously planned, but has reduced the volume of…

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Law to be amended to give better protection to copyright owners

The amended copyright law will provide better protection to owners of copyrights by empowering them to notify internet service providers to “take down” their works such as music, films, books…

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Wat Pho beats Great Wall of China in TripAdvisor’s  2018 ranking

Wat Phra Chetuphon Wimon Mangkhalaram, better known as Wat Pho, in Tha Tian area of Bangkok’s old town, has beaten the Great Wall of China in the 2018 world’s top…

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Royal Turf Club of Thailand closes for good

Curtain was finally down today  for the Royal Turf Club of Thailand, commonly known as the Nang Loeng racecourse, after 102 years in service as a venue of horse racing…

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Air Asia announces 32 flight cancellations on Sunday

Air Asia has announced the cancellation of 32 regional flights through southern China scheduled on Sunday as they are expected to be affected by Typhoon Mangkhut. The affected return flights…

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PM Prayut says Thailand has “very high” foreign reserves

Thailand has “very high” foreign reserves estimated at almost 200 billion dollars in August, Prime Minister Prayut Chan-o-cha said last night. Speaking in his weekly address, he pointed out that…

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Admin court gives redress to Dtac’s 850 Mhz phone users until December 15

The Central Administrative Court has ordered the National Broadcasting and Telecommunications Commission (NBTC) to provide redress to mobile phone subscribers using 850 megahertz spectrum of Total Access Communications (Dtac) until…

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Two executives of IFEC heavily fined for insider trading

The Securities Exchange Commission (SEC) has imposed heavy fines on the top executive and a former executive of Inter Fareast Energy Corporation (IFEC) for insider trading. SEC said it had…

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Customs to tighten up watch on couriers of brand-name products

The Customs Department will set up an intelligence gathering centre to keep track on people posing as passengers but in fact are couriers smuggling in brand-name products from overseas.  …

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Consumer’s confidence index for July highest in 62 months

Consumer’s confidence index for the month of July was registered at 82.2 representing the highest rate for the past 62 months of five years and two months since June 2013,…

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Finance Ministry to introduce “Sharing Economy”

The Fiscal Policy Office has been instructed to hold discussions with the Commerce Ministry and the private sector about the Finance Ministry’s plan to introduce the so-called “Sharing Economy” concept to…

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New banknotes that change colours when tilted available Saturday

The Bank of Thailand will start issuing a new set of banknotes featuring His Majesty King Maha Vajiralongkorn Bodindradebavarangkun’s portrait on the front side on Saturday which coincides with the…

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20 percent of tour bookings to Ubon and Pakse cancelled

About 20 percent of package tour bookings to Ubon Ratchathani and Pakse and Paksong townships in souther Laos during the long weekends this week have been cancelled after the dam…

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“Unequal wealth distribution, graft among major challenges facing Thailand”

Unequal wealth distribution is one of the most pressing problems facing Thailand with the richest one percent owning more than half of the total household wealth while entrenched corruption is…

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