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Business

Misprinted 20 baht polymer banknotes in circulation

THE BANK of Thailand said today (Sept. 29) that an error was found in a batch of 20 baht banknotes with the Thai numeral not matching the Arabic one but the public could still use them as normal until they are fully removed from the system, Sanook.com said this evening (Sept. 29). Ms. Wachira Aromdee, […]

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Thai central bank raises rates, willing to adjust tightening as necessary

By Reuters and published by US News & World Report THE Thai central bank raised its key interest rate modestly for a second straight meeting today (Sept. 28) to tame 14-year high inflation and said it was willing to adjust the size and timing of rate moves as necessary. The Bank of Thailand’s (BOT) monetary […]

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Cabinet approves additional budget for 6 movies shot in Thailand

  THE CABINET today (Sept. 20) approved an additional 212 million baht from this year’s budget reserved for emergencies and necessary expenses to cover a shortfall in the promotion of the shooting of six foreign movies in Thailand with these scheduled to be released this year, INN News said. Ms. Traisulee Traisornkul, deputy spokesperson for […]

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Wall St tumbles to biggest loss in two years following CPI data

By Reuters and published by US News & World Report New York – A broad sell-off sent US stocks reeling yesterday (Sept. 14) after a hotter-than-expected inflation report dashed hopes that the Federal Reserve could relent and scale back its policy tightening in the coming months. All three major US stock indexes veered sharply lower, […]

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Flood-hit Koh Chang focusing on reviving tourism at yearend 

  HIT by heavy rain, floods and landslides the tourist island Koh Chang is now focusing on reviving tourism at yearend by launching sports and entertainment activities as a draw-card, Naewna newspaper said today (Sept. 13). Mr. Saksit Mungkarn, an executive of Siam Royal View Hotel, Koh Chang and chairman of the Tourism Council of […]

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Indian financier Rakesh Saxena’s 335 years imprisonment upheld

  THE Supreme Court today (Sept. 12) upheld a sentence of a 335 years imprisonment and 33.5 million baht fine plus refund of 2.5 billion baht against Indian financier Rakesh Saxena for massive embezzlement that led to the collapse of Bangkok Bank of Commerce (BBC) in the mid-1990s, TV Channel 7 and Matichon newspaper said. […]

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Thailand heading for a bustling high season 

  THE TOURISM Authority of Thailand (TAT) expects a busy high season this year with both Thais and foreigners travelling extensively after Covid control measures were relaxed from April onwards with the country fully opened to tourism in July, INN News said this evening (Sept. 3). Mr. Yuthasak Supasorn, TAT’s governor, said a large number […]

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Daily minimum wage to rise by 5% from Oct. 1 – official

By Reuters and published by Investing.com plus INN News THAILAND will raise the daily minimum wage by an average of 5.02% from October 1, a Labour Ministry official said today (August 26), as it seeks to help workers cope with the impact of the Covid-19 pandemic. A government wage committee agreed the raise to between […]

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Koh Samui residents urge govt to speed up construction of bridge

  AS a memorandum of understanding (MoU) has now been signed to construct a bridge linking Koh Samui to Nakhon Si Thammarat’s Khanom district, local residents are urging that this be quickly built to boost tourism, Naewna newspaper said today (August 24). Transport Minister Saksayam Chidchob earlier signed the MoU on integration of the road […]

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Govt readies 150 billion baht loan guarantee for oil fund

  By Reuters and published by CNA THE cabinet today (August 16) approved a law to guarantee up to 150 billion baht in loans for the state oil fund to support energy prices as the government fights inflation, according to a government source and local media reports. The measure still has to be examined by […]

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