News
Groundless EU rumour smacks big-cap Thai shares
Thai stocks dived 1.29% on 2 December on panic selling after rumours swirled on social media that the EU had imposed sanctions on Thailand. The Stock Exchange of Thailand index, Asia’s worst-performing market for the day, took a nosedive just minutes after the afternoon session began, with the ...
Revenue, debt alarms sounded in Thailand
Concerns about the private sector’s revenue and debt servicing ability have been raised at a joint meeting of two Bank of Thailand committees. The Monetary Policy Committee and the Financial Institutions Policy Committee held a joint session on 30 November to discuss financial developments and risks to financial ...
Thai PM urged to await verdict before paying constructor of Klong Dan project
A civic group on 3 December petitioned Prime Minister Prayut Chan-o-cha to exercise his special power and cancel the Cabinet’s resolution approving the payment of Bt9.6 billion in compensation to the constructor of the corruption-plagued Klong Dan wastewater-treatment project. Keep reading ...
Critics doubt Thai PM's climate pledge
Prime Minister Prayut Chan-o-cha on 1 December declared in front of the world community that Thailand would slash greenhouse gases by 20-25 per cent within 15 years, but critics panned the plan, saying it was just for show, as it looked unrealistic. Prayut told the two-week-long United Nations climate-change ...
Workers in Thailand get temporary labour permits
Vietnamese migrant workers in Thailand are allowed to register for temporary work permits at the country’s provincial labour departments from 1-30 December, according to the Thai Ministry of Labour. The ministry said on 30 November that the 30-day expansion for Vietnamese guest workers (excluding their companies) aims ...
Thailand 'to reap rewards' from IMF's yuan move
Thailand’s trade and investment will benefit in the long run from inclusion of the yuan in the special drawing rights currency basket of the International Monetary Fund (IMF), says a senior central bank official. Greater use of the Chinese currency would help to slim down foreign ...
Thailand printers refuse to print New York Times cover story
The New York Times’ printer in Thailand has refused to print one of its articles, leaving a blank space on its cover page. The article, titled “Thai spirits sagging with the economy”, discussed the country’s flagging economy and touched on royal succession concerns. The printer withheld an ...
Thai Government urged to also help big companies go abroad
The Thai Government should change its mindset about offering help only to small and medium-size firms expanding overseas and extend it to larger companies, said Thiraphong Chansiri, president and chief executive of Thai Union Group. Thiraphong added that a new challenge for companies branching out internationally was ...
Asia's first transgender centre opens in Bangkok
The Thai Red Cross Aids Research Centre has joined forces with US development partners to open the first transgender-specific operation in Asia. The Tangerine Community Health Centre – located on the first floor of the Thai Red Cross Aids Research Centre in Bangkok – strives to be ...
Thai-Chinese railway project on schedule
The 873-km Thai-Chinese railway project for the country’s northeastern line got underway on 30 November as scheduled, Transport Minister Arkhom Termpittayapaisith said. “The project was not delayed,” he said, adding that even though more details would be added to the system design criteria work, everything was expected ...
