News
Cambodia's garment exports up 9% in first half of 2015
The garment industry, Cambodia’s largest foreign currency earner, has seen a 9% rise in exports in the first six months of 2015, according to the Chinese State’s News Agency-Xinhua. Keep reading ...
ASEAN joins forces to combat human trafficking
The crime of trafficking in persons affects virtually every country in every region in the world, but the Southeast Asian region in particular is hosting a robust flow of trans-regional trafficking in persons for forced labor and sexual exploitation involving thousands of men, women and ...
23 nations issue Thailand travel advisories
Twenty-three countries by 18 August had issued travel advisories in the wake of the 17 August Erawan shrine bombing, with most advising caution rather than avoiding travel to Thailand. Keep reading ...
S&P: Thailand's ratings unchanged after Bangkok bomb
Standard & Poor’s Ratings Services sees limited immediate impact on the sovereign credit support for Thailand in the wake of the 17 August bombing at Bangkok’s popular Erawan Shrine that killed 20 people and injured another 125. Keep reading ...
UnionPay signs chip card standard license with Thailand
UnionPay International and Thai Bankers Association signed Chip Card Standard License Agreement in Bangkok on 18 August. According to the agreement, the chip card standard of UnionPay will be introduced to local banks as the standard of Thailand’s banking industry. Thailand has become the first overseas ...
Bank of Thailand: Slower growth a regional ill
The Bank of Thailand insists that despite shocks and changes experienced in the macroeconomic environment, the country’s fundamentals remain strong, as reflected in the country’s current account surplus, stable foreign exchange rate and low unemployment. Central bank governor Prasarn Trairatvorakul on 17 August said speeding up infrastructure investment ...
City bomb horror in Bangkok
Central Bangkok descended into chaos on evening of 17 August when a bomb exploded at Ratchaprasong intersection, killing 20 people, including three foreigners, and injuring at least 125. The explosion occurred about 7pm near the Brahmin statue at the Erawan Shrine on the intersection packed with evening rush-hour ...
‘Slave’ fishermen not all trafficking victims
The return of hundreds more Myanmar fishermen found in slave-like conditions in Indonesia could be in jeopardy. The Ministry of Foreign Affairs said the embassy in Jakarta separated the rescued men into two different categories: trafficking victims and non-trafficked “slaves”. The 91 who have been identified as ...
K3600 likely to stick in final wage talks
Labour officials will hold a final meeting with employers and worker representatives in Nay Pyi Taw on 18 August to finalise the minimum wage, with some participants suggesting there will be no change from the K3600 proposed in June. The ministry hopes to reach an agreement on ...
Importers hedging against baht slump
Local small and medium-sized importers are in a rush to hedge their currency exposure to protect against the rapid weakening of the baht, says TMB Bank. The number of SME customers hedging against foreign exchange risk has increased by 20-30% since the baht began depreciating after ...
