BHUMJAITHAI threatened to take legal action against those spreading fake news that the Land Bridge scheme is hiding a casino project with the rumours stemming from an old draft bill which was rejected two years ago, Amarin TV said this evening (May 8). Mr. Natchanon Sikorkuea, Bhumjaithai’s spokesperson, said the claim that a 99-year
Business
Senate panel pushes for turning Phuket, Phang Nga and Krabi into single Asean hub
A SENATE committee proposed that the government develop Phuket, Phang Nga, and Krabi into a single Asean economic, tourism and transportation hub rather than letting them move along separately as has been the case so far, Naewna newspaper said today (May 8). Senator Chavapon Watthanavekin, vice chairman of the Senate Foreign Affairs Committee, said
Read moreCabinet approves 400-billion-baht emergency borrowing decree, PM says
By Reuters and published by CNA THE cabinet today (May 5) approved an emergency decree to borrow 400 billion baht ($12.2 billion) to alleviate cost of living pressures and support energy costs, Prime Minister Anutin Charnvirakul said. – The borrowing is necessary because higher energy prices will impact everyone, Finance Minister Ekniti Nitithanprapas said.
Read moreHold three-tier referendum on Land Bridge project: Former MP
THE government was urged to hold a three-tier referendum on the Land Bridge project as people in the South have not been fully informed about the advantages and disadvantages of this megascheme despite a NIDA opinion poll showing majority of the respondents in this region support it while NGOs and various organisations openly oppose
Read moreThousands of foreign businesses operating without permit being probed
THE Commerce Ministry has launched an in-depth investigation of 6,551 suspicious businesses wherein foreigners holding 50 percent or more shares are operating without permit in violation of an annex of the Foreign Business Act B.E. 2542 (1999) with technology used to analyse and link databases in screening them, PPTVHD36 said today (May 4). At
Read morePowell era ends with rates on hold, Fed hawks on the rise and a vow to keep governor’s seat warm
By Reuters and published by Msn.com WASHINGTON – Federal Reserve Chair Jerome Powell closed out eight years as head of the US central bank on Wednesday (Feb. 29) with interest rates on hold, rising concern about inflation, and an announcement that he would stay on as a Fed governor for now to defend the
Read moreInfluencer to live-steam sale of fertiliser too after flap over durian
A POPULAR influencer hurriedly added fertiliser to her live sale of durian at 100 baht a fruit as supported by Commerce Minister Supajee Suthumpun after farmers heavily criticised her for distorting market mechanism, Naewna newspaper and MNG Online said. The online sale by the influencer who goes by the name “Pimrypie”, due to start
Read moreLand Bridge project to be tabled to cabinet soon
AS PRIME Minister/Interior Minister Anutin Charnvirakul is keen on further considering the 1-trillion-baht Land Bridge project, the Transport Ministry will be tabling the scheme to the cabinet sometime between June and July with the aim of starting it within this year, Amarin TV said today (April 25). The Land Bridge project is designed to
Read moreGovt urged to quickly initiate serious energy conservation steps
AS A prolonged closure of the Strait of Hormuz, lasting over eight weeks, is pushing the world toward an energy lockdown rather than just soaring prices, the Thai government should implement serious energy conservation measures before a forced shutdown occurs, which could be too late, PPTVHD36 quoted TISCO Economic Strategy Unit (TISCO ESU) as
Read morePM calls 3 private sector bodies to economic cabinet meeting
PRIME Minister Anutin Charnvirakul today (April 21) said representatives from three key private sector institutions will be invited to join the economic cabinet meeting held on Mondays with the one they will first participate in scheduled for next Monday (April 27) with various issues to be discussed including economic stimulus measures and policies to
Read morePeople’s MP warns borrowing additional 500 billion baht increases fiscal risks
SHOULD the government issue an emergency decree to borrow an additional 500 billion baht Thailand’s debt-to-GDP ratio would rise to 75 percent and thereby increasing fiscal risks, People’s MP for Bangkok Dr. Anusorn Tamajai said today (April 20). The government also has to guarantee an additional 150 billion baht for the Oil Fuel Fund
Read moreGovt working on ensuring sufficient palm oil supply for domestic use
WITH an increase in the use of palm oil for production of B7 and B20 biodiesel the Commerce Ministry this morning (April 20) said the entire system is being balanced to ensure sufficient supply for domestic use while simultaneously maintaining price stability for the benefit of farmers, PPTVHD36 and Thai Rath newspaper said. Mr.
Read moreOil prices drop 9% and Wall Street rallies to a record after Iran reopens the Strait of Hormuz
By AP and published by Yahoo!News NEW YORK – Oil prices dropped back to where they were in the early days of the Iran war, and US stocks raced to another record on Friday (April 17) after Iran said the Strait of Hormuz is open again for commercial tankers carrying crude from the Persian
Read moreKhaosan road expecting 200,000 revellers on last day of Songkran
WITH the Songkran fun at Silom road having ended today (April 15) the last day of Songkran festival a lot of revellers have turned up at Khaosan road with the total expected to exceed 200,000, Amarin TV said. Mr. Sanga Ruangwattanakul, president of Khaosan Road Business Association, said it is estimated that approximately 140-150
Read moreOver 8% surge in foreign tourist arrivals during Songkran
SONGKRAN festival led to an 8.76 percent increase in the number of foreign tourist arrivals this week compared to last week with holidaymakers from China topping the list, TV Channel 7 said this evening (April 14). The Ministry of Tourism and Sports said 106,504 Chinese tourists came to Thailand this week, followed by 90,524
Read moreHow a US blockade near the Strait of Hormuz could work and the impact ahead for the global economy
By AP and published by Yahoo!News A BLOCKADE of Iranian ports that US President Donald Trump said began Monday (April 13) could further disrupt oil prices, has spurred questions about international law and leaves doubts about whether the pressure tactic will force Tehran to reopen the vital Strait of Hormuz. Trump threatened to impose
Read moreEkniti unveils ‘old car for new car’ scheme to cut oil use
BEING considered is a measure to promote exchanging old cars for new electric/hybrid cars to reduce reliance on oil with this being part of the Finance Ministry’s strategy to drive economic growth, PPTVHD36 said this evening (April 10). Deputy Prime Minister/Finance Minister Ekniti Nitithanprapas said other steps include reducing officials’ study trips, topping up
Read moreJoint working group set up to tackle plastic pellet shortage
WITH THE situation in the Middle East having led to increasing scarcity of plastic pellets in Thailand, a joint working group comprising representatives from four ministries has been set up to address this issue and prevent it from impacting cost of living and product prices, PPTVHD36 said today (April 8). Industry Minister Varawut Silpa-archa
Read moreSevere shortage of microchips while steel prices rise
THAI manufacturers have been further hit with a double whammy as a severe shortage of microchips has thrown this market into turmoil while prices of all types of steel products are initially rising by 10-15 percent this month, Naewna newspaper said this morning (April 6). Mr. Nawa Chantanasurakorn, vice president of the Federation of
Read moreCAAT foresees flight reduction after Songkran festival
THE Civil Aviation Authority of Thailand (CAAT) expects airlines to gradually reduce the number of flights as they adjust their operational plans to align with rising fuel costs while mitigating oil supply risks after Songkran festival, TV Channel 7 said this evening (April 3). Signs of international airlines gearing up to reduce the number
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