News
More inflows to Thai capital market expected: TMB
The Thai stock and bond markets are expected to witness new investment inflows in the short term following the Bank of Japan’s decisions on 29 January, said TMB research. “Expectations run high that other central banks in Asia including the People Bank of China and Bank ...
Thai police rescue 29 Myanmar trafficking victims
Thai authorities have rescued nearly 30 Myanmar victims from alleged human traffickers’ hands in Phuket province. Keep reading ...
Government tackles Thais illegally working abroad
Thailand’s Department of Employment is aiming to tackle the growing problem of Thais travelling abroad to work illegally, especially in South Korea. Arak Phrommanee, the department’s director-general, said there had been an increasing incidence of Thais travelling to South Korea as tourists and then picking up jobs without ...
Thai finance ministry trims growth forecast
Thailand’s Finance Ministry trimmed its economic growth forecast for this year to 3.7% from 3.8% and sharply cut its export estimate as global demand slows, a senior ministry official said on 28 January. But growth this year would be supported by government investment and economic stimulus, Krisada ...
Made in ASEAN initiative on the cards
Thailand is set to team up with the Japan External Trade Organization (Jetro) and ASEAN members to push forward the Made in ASEAN initiative, making certain products to the same quality standards. Keep reading ...
Thai PM blames past policies for drought
Prime Minister Prayut Chan-o-cha has blamed past policies that heavily promoted cash crops as a root cause of floods and drought. Commenting in the latest government’s newsletter, Gen Prayut said growing cash crops without controls leads to the destruction of forests and watershed areas, and even affects ...
Water to be stored in 36 disused mines
Thailand’s Primary Industries and Mines Department is preparing 36 disused mines for water storage to help address the drought crisis. If the mines can be used as planned, their combined capacity will be 166 million cubic metres, said director-general Chat Hongtiamchant. He said his department found 36 ...
Thai rice exporters pessimistic about market prospects
Thai rice exports are expected to have another difficult year as the world market is likely to be volatile amid foreign exchange and oil price risks, according to exporters. Charoen Laothammatas, president of the Thai Rice Exporters Association, said the association projected shipments would slip to 9 ...
Thai bank buys Cambodian MFI in mammoth deal
In what may be the biggest deal in Cambodia’s financial sector history, Thailand-based Bank of Ayudhya has reached an agreement to acquire the local microfinance institution (MFI) Hattha Kaksekar, with the deal expected to be valued at upwards of $140 million. In a statement released on ...
Meeting on Cambodia-Thai border has crime focus
Senior officials from Cambodia’s Defence Ministry will leave for Thailand on 28 January for the 11th General Border Committee, which aims to strengthen cooperation between the two countries, particularly on cross-border crime. Keep reading ...
