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The Latest Breaking News from Thai

Bank of Thailand hikes rate again, maintains 2022 growth outlook

The Bank of Thailand (BoT) raised its key interest rate modestly for a second straight meeting on Wednesday to tame 14-year high inflation and ensure a continued economic recovery, while maintaining its 2022 growth projection of 3.3%.

Bangkok Post

Aussie ties out of the woods, raring to go

'Thais that bind: secret mission ends Aussie's torment," read the front page headline of The Australian on Nov 22, 2020. It was referring to Dr Kylie Moore-Gilbert, the British-Australian academic arrested in late 2018 by the Islamic Revolutionary Guard as she was about to leave Tehran over an espionage charge.…

Bangkok Post

Thai Cave Rescue review – Netflix drama series shines a light on the real story

Following on from Ron Howard’s Thirteen Lives, this respectable series shows the 2018 disaster from a different point of view

The Guardian - US

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Thailand arrests Myanmar military-linked businessman suspected of drug trafficking

Thai authorities said on Wednesday they had detained a Myanmar tycoon suspected of drug trafficking, who three sources said was linked to the upper echelons of Myanmar's ruling military junta.

Reuters

Steelmakers plan to raise prices amid surging costs

Thai steel manufacturers are planning to increase their domestic prices following a rise in operational costs, from raw material prices and electricity bills to the higher daily minimum wage.

Bangkok Post

Tapioca shipments to keep rising amid high demand

Thai exports of tapioca products are expected to continue growing this year, boosted by global demand as importers seek alternatives for maize, which has become costly because of the ongoing Russia-Ukraine war.

Bangkok Post

EU and Thailand cap turbulent decade with a partnership agreement

The European Union (EU) has finally sealed a Partnership and Cooperation Agreement (PCA) with Thailand, its sixth with a Southeast Asian country, as both sides seek to repair relations that frayed following a military coup in Bangkok eight years ago.

Bangkok Post

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TMG makes move into Lao duty-free

Thai Medical Glove Co (TMG), a manufacturer of rubber gloves for medical personnel, is forming a joint venture to develop a US$500 million duty-free business in Laos to serve foreign tourists.

Bangkok Post

Fuel demand grows 13.5% amid rebounding economy

Thai fuel consumption for the first seven months of 2022 grew by 13.5% year-on-year for all types except kerosene, says the Department of Energy Business.

Bangkok Post

Saudi Arabia, Thailand Sign 5 Agreements, Establish Business Council

Saudi Arabia and Thailand signed in Riyadh on Monday five commercial agreements and established the Saudi-Thai Business Forum. Thai Deputy Prime Minister and Commerce Minister Jurin Laksanawisit confirmed that the two countries would advance towards the most comprehensive cooperative scope, covering all vital sectors. Laksanawisit addressed the Saudi-Thai Business Council…

Asharq Al-Awsat

Markets plunge on US rate hike fears

Thai and other Asian stock markets tumbled on Monday, with the regional benchmark approaching a two-year low last seen in mid-July, as investors fled risk assets after the US Federal Reserve signalled that it would keep raising interest rates to rein in inflation.

Bangkok Post

Lisa wins best K-pop artist at MTV awards

Thai superstar singer Lisa has won best K-pop artist, the first solo performer to receive the award, at this year's MTV Video Music Awards.

Bangkok Post

Thai household debt surges, reaching a 16-year climax

Thai households are dealing with the highest level of debt in 16 years thanks to prolonged Covid-19 outbreaks and slow economic growth, according to the latest survey by the University of the Thai Chamber of Commerce (UTCC).

Bangkok Post

Retail e-commerce to hit B4tn in 2025

Thailand's retail e-commerce market is expected to reach 4 trillion baht in 2025, up from 817 billion this year, while online sales through virtual space, known as meta-commerce, is tipped to be a future trend, says Kulthirath Pakawachkrilers, newly appointed president of the Thai e-Commerce Association (Theca).

Bangkok Post

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Bangkok Post

Agricultural firms urged to accelerate tech adoption

Thai food and agricultural companies are being advised to boost their productivity and food safety through the application of Internet of Things, robotics in value chains, and drone technology for plantation and agricultural biotechnology such as genetic engineering.

Bangkok Post

ASPS increases 2022 profit forecast for listed Thai firms

Asia Plus Securities (ASPS) has upgraded its profit forecast for listed companies in 2022 to 1.13 trillion baht as it is expecting Thailand's economic growth rate will continue to expand in the second half.

Bangkok Post

Meat producer Betagro seeks $554 million in IPO: sources

Thai meat producer Betagro Plc is seeking to raise about 20 billion baht in what would be the country’s second-largest initial public offering this year, according to people familiar with the matter.

Bangkok Post

New visa plan aimed at Europe's wealthy digital nomads

Thailand will soon welcome applications for its 10-year "golden visa" scheme aimed at wealthy foreigners, primarily those employed in tech sectors and digital nomads — or "work-from-Thailand professionals" as the Thai government puts it.

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Bangkok Post

Trinity sees inflation peak in Q3

Trinity Securities expects global inflation, including Thai inflation, to peak in the third quarter of this year while the country's interest rate is set to rise by another 0.75% over the next 12 months to 1.5% in mid-2023.

Bangkok Post

BOI Approved New Categories Supporting New Technologies and investment Applications Amounted to US$ 6.2 Billion in First Half 2022 on Strong EV, Digital Projects, BOI Says

Thai and foreign companies filed a total of 784 applications for investment promotion during the first six months of 2022, an increase of 4% from the year earlier period, while the combined investment value of 219.7 billion baht (US$ 6.2 billion).

Reuters

Thai police arrest suspected Chinese gambling kingpin

Thai police have arrested a Chinese fugitive wanted by Beijing for allegedly running illegal online gambling operations and will soon extradite him to China, the police told Reuters on Monday.

Bangkok Post

Anutin banks on 'Thai Power' model to win over voters

KRABI: The Bhumjaithai Party yesterday launched its pre-election campaign with an economic model it has labelled "Thai Power" in the hope of boosting its vote in a national poll expected to take place next year.

Bangkok Post

Mother's Day to see 9% rise in spending

Spending on Mother's Day is expected to increase by 9% this year to 10.8 billion baht, the highest level since 2012, as consumers feel less concerned about the Omicron variant of Covid-19, reflecting the start of the country's tepid economic recovery, according to the University of the Thai Chamber of…

Bangkok Post

Thai director Danny says Myanmar abduction rumours untrue

A film director was repatriated from Myanmar on Tuesday morning after his family claimed that he had been kidnapped for ransom by the United Wa State Army (UWSA) since Jan 4. However, Myanmar authorities insisted that he had entered the UWSA's territory of his own free will.

Bangkok Post

Borrowers prepare to take a hit

Some business sectors are concerned about the effect of the Bank of Thailand's anticipated interest rate hike on companies and the public, while related private and state organisations have vowed to do their best to mitigate the impact.

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