THE exodus of Cambodian migrant workers as a result of the five-day clashes along the border that ended with a ceasefire on July 28 is now beginning to impact businesses in Chonburi that rely on them, TV Channel 7 said today (Aug. 10). Thai employers in construction and shipbuilding sectors admitted that their existing
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Tourist arrivals shrink due to safety concerns
TOURIST arrivals dropped by 5 percent last week (July 28 to Aug. 3) after Thai-Cambodian clashes ended compared to an increase of 1 percent while the conflict raged the previous week (July 21-27), Thai Rath newspaper quoted Tourism Authority of Thailand (TAT) as saying yesterday (Aug. 8). Ms. Thapanee Kiatphaibool, TAT’s governor, said last
Read moreThai consumer confidence hits lowest level in over two years
By Reuters and published by CNA THAI consumer confidence dropped for a sixth consecutive month in July to its lowest level in 31 months due mainly to concerns over US tariffs, a lagging economy and government instability, a survey showed on Thursday (July 7). The consumer index of the University of the Thai Chamber
Read moreTrump doubles India tariffs to 50% over Russian oil purchases
By Agencies and published by CNA Washington – US President Donald Trump on Wednesday (Aug. 6) ordered an additional 25 percent tariff on goods from India for its purchases of Russian oil. The tariff, set to take effect in three weeks, comes on top of a separate 25 percent duty entering into force on
Read moreSurvey shows Bangkok is 5th most popular travel destination
A SURVEY of this summer’s travel trends by Booking.com shows that Bangkok is the fifth most popular destination for tourists worldwide, TV Channel 7 said today (Aug. 6). Ms. Sasikan Wattanachan, deputy government spokesperson, said this ranking, based on search and booking data of millions of travellers worldwide, shows Bangkok remains popular with travellers
Read moreState Department may require visa applicants to post bond of up to $15,000 to enter the US
By AP and published by Yahoo!News Washington – The State Department is proposing requiring applicants for business and tourist visas to post a bond of up to $15,000 to enter the United States, a move that may make the process unaffordable for many. In a notice to be published in the Federal Register on
Read more19% tariff for both Thailand and Cambodia shows US more focused on mutual benefit: Korn
FORMER finance minister Korn Chatikavanij said in a Facebook post today (Aug. 1) that US tariff of 19 percent for both Thailand and Cambodia shows that the superpower is not distinguishing between right and wrong and clearly in this era friendship is not as important as mutual benefit, TV Channel 7 said. US President
Read moreTrump unveils new tariffs for dozens of trading partners
By Agencies and published by CNA NEW US tariffs on a wide swath of America’s trading partners will now go into effect on Aug. 7 after President Donald Trump signed an executive order on Thursday (July 31) modifying the rates for many economies. The order capped off a hectic day as nations sought to
Read moreTrump issues blitz of tariff announcements on copper, Brazil, South Korea, small-value imports
By Reuters and published by Yahoo!News Washington – US President Donald Trump on Wednesday (July 30) issued a blitz of tariff announcements ranging from changes to previously threatened levies on imports of copper, goods from Brazil and South Korea, to ending an exemption from tariffs for small-value shipments from overseas. The wave of announcements
Read moreEU, US strike biggest trade deal
By AFP and published by CNA Turnberry, United Kingdom – The United States and European Union on Sunday (July 27) clinched what President Donald Trump described as the “biggest-ever” deal to resolve a transatlantic tariff stand-off that threatened to explode into a full-blown trade war. Trump emerged from a high-stakes meeting with European Commission
Read morePoker recognised as an official sport in Thailand
THE Sports Authority of Thailand (SAT) officially accepted poker as a sport at its meeting today (July 23) with this expected to help draw revenue to the country through holding competitions at both regional and global levels, Naewna and The Standard newspapers said. The SAT meeting, chaired by Deputy Prime Minister Suriya Juangroongruangkit and
Read moreTrump strikes tariff deal with Japan, auto stocks surge
By Reuters and published by Yahoo!News Washington/Tokyo – US President Donald Trump struck a trade deal with Japan that lowers tariffs on auto imports and spares Tokyo punishing new levies on other goods in exchange for a $550 billion package of US-bound investment and loans. It is the most significant of a clutch of
Read moreVitai Ratanakorn picked as Thailand’s next central bank governor
By Reuters and published by Mint THAILAND’S cabinet on Tuesday (July 22) approved Vitai Ratanakorn, a state-owned bank head and former private sector executive, to be the country’s next central bank governor. The cabinet’s approval of the 54-year-old for the position is subject to royal assent. If endorsed, Vitai’s five-year term running the Bank
Read moreUS says it won’t rush trade deals ahead of August deadline, will engage China
By Reuters and published by CNA Washington – The Trump administration is prioritising the quality of trade agreements over meeting a looming deadline, US Treasury Secretary Scott Bessent said on Monday (July 21), as countries scramble to avoid steep new tariffs set to take effect on Aug. 1. “We’re not going to rush for
Read moreUS mum on Thailand’s latest tariff proposal
By TV Channel 7 and Reuters – published by Yahoo!News THE US has not yet responded to Thailand’s latest proposal on slashing the levy on tens of thousands of US goods to 0% in an attempt to avert a punitive 36% tariff on Thai exports, TV Channel 7 said this evening (July 21). Deputy
Read moreThailand offers to slash tariff to 0% on large number of US goods
AMID ONGOING negotiation with the US on reducing the punitive 36% tariff on Thais exports looming on August 1 the Thai team last night (July 16) offered to slash the levy on tens of thousands of US goods to 0%, Thai Rath newspaper said. Commerce Minister Jatuporn Buruspat said the Thai team, led by
Read moreFocus on self-development if 0% tariff not accepted: Korn
FORMER finance minister Korn Chatikavanij said in a Facebook post today (July 16) that a strategy for self-development is most important for Thailand should the country not accept 0% tariff on US goods, Naewna newspaper said. As announced by US President Donald Trump today the deal with Indonesia is similar to the one struck
Read moreCabinet nod for draft Financial Hub Act – to be immediately sent to the House
THE CABINET today (July 15) approved the draft Financial Hub Act B.E…. after the Council of State completed reviewing the legislation with this to be immediately forwarded to the House of Representatives for the first reading, Amarin TV said. Deputy Finance Minister Paopoom Rojanasakul said this new legislation, consisting of nine sections and 94
Read moreDon’t allow US to set up a base here in exchange for tariff cut: Ex-official
THE government was urged to not try to get the US to reduce the 36 percent tariff on Thai goods which President Donald Trump is imposing on August 1 by allowing the superpower to set up a base in the country, Naewna newspaper said this morning (July 14). Mr. Nantiwat Samart, former secretary to
Read moreAcademic urges Thais to watch Trump tariff negotiation
THAIS should watch three key issues surrounding the negotiation on 36 percent tariff US President Donald Trump is imposing on exports from the country and should demand transparent disclosure of any agreement reached, Naewna quoted an academic as saying today (July 13). Dr. Suriyasai Katasila, dean of Rangsit University’s College of Social Innovation, said
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