News
Thailand gains clout as Southeast Asia's leading investor nation
Thailand has emerged as one of Southeast Asia’s most enthusiastic investors in mutual funds as a growing middle class seeks ways to better manage its financial assets. “The Thai percentage is high, compared with the Southeast Asian average of about 10%,” said Yohei Kitano, senior analyst at ...
Authorities join private sector to rebuild tourism
The Tourism Authority of Thailand predicted that the country may lose 100,000 to 200,000 foreign tourists following the blasts, which would mean a loss of some Bt5 to Bt10 billion in tourism income this year. Kobkarn Wattanavrangkul, Minister of Tourism and Sports, said on August 16 that tourism authorities ...
Nan declared disaster zone as North struggles with inundation
Officials in Thailand’s Nan province have declared six districts in the northern province flood disaster zones, while neighbouring provinces also recover from severe flooding. The Meteorological Department of Thailand warned residents in the North, notably in the provinces of Mae Hong Son, Chiang Mai, Chiang Rai ...
Severe flooding ravages North
Downpours have triggered severe floods in wide areas in the northern provinces of Nan and Phayao, ravaging properties and prompting officials to warn residents to brace for further damage amid the persistent rain. Schools and several hundred houses in the two northern provinces of Thailand were ...
State seeks ways to raise shipments
The government is scheduled to call a joint meeting of Thai commercial counsellors and trade ministers from 65 offices worldwide next month to evaluate exports in the remaining months and map out new strategies to boost shipments in the year to come. Infrastructure development projects such ...
Numerous bombs in the South after Hua Hin blasts
A string of explosions rocked southern provinces as the nation celebrated Her Majesty the Queen’s birthday. The blasts on August 5 came just hours after one person was killed and nearly 20 injured, including foreign tourists, by two explosions in Hua Hin, Thailand on the ...
U.S. urges Thai junta to cede power to civilian government soon
Speaking at a press briefing, State Department spokeswoman Elizabeth Trudeau also raised concern about the drafting process of the proposed constitution, saying it was “not inclusive” and lacked “open debate” before it was adopted. The United States urged Thailand’s ruling junta on August 8 to return the ...
Outlook bright for Thai products in CLMV markets
Thai products enjoy competitive advantages and high opportunities in CLMV markets owing to consumer trust in good image and high quality. The rapidly growing consumer markets of Cambodia, Laos, Myanmar and Vietnam – or CLMV – are becoming important places for exporters to pilot products ...
Thai rice faces global price war
Thailand’s rice market is expected to face a price war next year as a result of oversupply that will lower prices in both domestic and export markets, while the stronger baht could hurt the competitiveness of rice shipments, exporters warn. Charoen Laothammatas, president of the Thai ...
MEA to bury 127km of power lines by 2020
The Metropolitan Electricity Authority says it will continue putting power lines underground, expecting to bury another 127 kilometres by 2020. The agency plans several other power line projects in addition to those already initiated, said MEA governor Somchai Roadrungwasinkul. The first phase of the plan, ...
