Flood crisis in Chanthaburi as 20,000 rai of durian trees have died
WHILE the flooding has eased in Chanthaburi around 4,000 fruit farmers are in deep distress as stagnant floodwaters led to durian trees grown on over 20,000 rai of orchards having died, Amarin TV said this evening (Oct. 4). The farmers said floodwaters caused extensive damage with durian trees in particular affected by deprivation of […]
Read More1.64 million SMEs at risk from floods as liquidity concerns mount
THE FLOOD crisis is not over just because floodwaters have receded as around 1.64 million small and medium enterprises (SMEs) face major challenges regarding capital and employment, raising the risk of liquidity crunches – or even business closures, Amarin TV said today (Oct. 2). Mr. Saengchai Teerakulvanich, chairman of the Strategy Committee of Federation […]
Read MoreKasikorn Research Centre sets flood-induced economic damage at 7–17 billion baht
KASIKORN Research Centre’s analysis estimates that the economic impact of floods arising from continuous rainfall from Friday to Sunday (Sep. 25-27) is approximately 7–17 billion baht while risks associated with natural disasters and extreme weather, which are becoming increasingly frequent and severe, pose a significant structural challenge to the Thai economy, Naewna newspaper said […]
Read MoreThailand’s cities can be the engine of high-income future
THAILAND can accelerate its transition to a high-income nation by unlocking the full economic potential of its secondary cities, according to a new World Bank report titled “Thailand Cities of the Future: Urban Foundations for a High-Income Economy.” The report notes that Thailand’s economic growth is primarily driven by urban areas; approximately 89% of […]
Read MoreMars officially opens Pringles factory in Chonburi, launches second line
MARS, Incorporated has officially opened its Pringles factory in Chonburi and launched the second production line after an investment of over 7 billion baht turning Thailand into its strategic production and export hub catering to the Asia-Pacific, Middle East, and Africa (AMEA) regions, PPTVHD36 said today (Sep. 22). The Chonburi factory, which is located […]
Read MoreChaos at Mai Sai border as Myanmar temporarily bans frozen foods, other products
MYANMAR’S temporary ban on import of frozen foods and various other products from Thai border town Mae Sai across to Tachileik triggered chaos today (Sep. 21) with small traders stuck on and nearby the First Mae Sai-Tachileik Bridge, Amarin TV said. Myanmar authorities cited a lack of standard inspections and unpaid Myanmar taxes as […]
Read MoreGovt moving to fully relocate Bangkok port to Laem Chabang
DEPUTY Prime Minister-cum-Transport Minister Phiphat Ratchakitprakarn confirmed the government’s goal to fully cease operations of Bangkok port in Klong Toei and shift them to Laem Chabang if this is feasible so as to allow for commercial development of the area, thereby generating far more revenue for the Port Authority of Thailand (PAT) than is […]
Read MoreAirAsia’s Fernandes says travel demand remains strong, current crisis ‘far’ less severe than Covid-19
By Reuters and published by CNA Hong Kong: AirAsia co-founder Tony Fernandes said on Friday (Sep. 18) that the low-cost carrier’s challenges from soaring jet fuel costs were “far, far” less severe than those it faced during the Covid-19 pandemic period. Speaking at a media briefing, he also said strong demand for air travel […]
Read MoreFed raises rates in search of ‘timelier’ drop in inflation, sees more tightening ahead
By Reuters and published by Yahoo!News WASHINGTON: The Federal Reserve raised interest rates on Wednesday (Sep. 17) and flagged more hikes in the coming months, with new US central bank chief Kevin Warsh joining a unanimous decision that effectively acknowledges the Trump administration’s inability so far to control inflation that policymakers worry could worsen. […]
Read MoreThailand proposes meeting between PM and US President Trump for trade talks, minister says
By Reuters and published by AsiaOne.com THAILAND has proposed talks between Prime Minister Anutin Charnvirakul and US President Donald Trump this week, the Thai commerce minister said on Tuesday (Sep. 15), as the two countries seek to conclude negotiations on a bilateral trade deal and discuss tariff rates. Anutin is travelling to New York […]
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