Thailand Financial News

joint military exercise MAITREE 2024, currently underway in Thailand's Tak Province, signifies a pivotal step in enhancing bilateral military cooperation between the Indian Army and the Royal Thailand Army, under the United Nations charter. Training Sessions and Objectives Troops from both contingents are deeply engaged in intensive training sessions focused on honing skills in counter-insurgency and counter-terrorism operations, conducted in diverse settings including jungle and urban environments. The exercise emphasizes the exchange of best practices, facilitating mutual learning and expertise sharing between soldiers from India and Thailand.

AirAsia on Tuesday announced it will bring an innovative 'cinematic in-flight' experience for movie-goers to selected cinemas across the country to showcase its destinations as part of the movie-goers experience. AirAsia said the initiative is aimed at inviting travellers from India to discover the hidden gems of Asia and Australia and beyond through its network that will soon connect 16 cities in India to over 130 destinations across its network via Malaysia and Thailand. The collaboration will enhance AirAsia's outreach via more than 130 cinemas across 12 cities over the next six months, AirAsia's Chief Commercial Officer Paul Carroll. As part of this initiative, movie-goers will stand the chance to win AirAsia tickets to anywhere across its network, Carroll said, adding during this period, AirAsia will also be collaborating with more than 130 local travel content creators to showcase its destinations to Asia, Australia and beyond, spanning bustling cities, serene beaches, historic landmarks, and vibrant local cultures.

Chinese automaker BYD has inaugurated its first electric vehicle plant in Thailand, part of the company's effort to expand into Southeast Asia while also tackling wealthier markets in the U.S. and Europe

regional labour commissioner, Chennai, in its submission to the central labour ministry on Wednesday, said there is no evidence supporting claims of discrimination against married women in the recruitment and employment processes at the Foxconn’s Chennai iPhone factory. The ministry, however, is awaiting the response from the state government following which it will firm up its observations on the matter for submission to the National Human Rights Commission. “After reviewing the submissions, records, and statements from married female employees, the report concluded that there is no evidence supporting claims of discrimination against married women in the recruitment and employment processes at the Foxconn Chennai iPhone factory,” the regional labour commissioner said in its submission.

Thailand’s plan to increase scrutiny on high-frequency trades — in effect from Monday — follows steps from China, where programmed trading will soon be subject to real-time monitoring. While authorities expect the moves to enhance transparency, the growing control over certain trades has raised concern that liquidity may tighten and make those markets overall less attractive.

A report by a U.N. expert on human rights says that Thai banks have become the main supplier of international financial services for Myanmar’s military government, enabling it to purchase goods and equipment to carry out its increasingly bloody war aga...

Scarlett Johansson expressed excitement about starring in Jurassic World 4. She praised the script by David Koepp. The film aims to revive the franchise with a fresh perspective.

Sorn, the 2-Michelin star restaurant housed in a beautiful 90-year-old building in Bangkok's central Khlong Toei district. The interiors are luxurious, and the seating arrangement is unique. Diners are divided into several dining rooms, some offering great views of the kitchen. Owners Khun Ice and Chef Yod, both from south Thailand, source almost all ingredients from that part of the country. Sustainability is important, so they only purchase produce from their own network of farmers and anglers from 14 southern Thai provinces. The cooking is Thai — refined, elegant and delicious. Clay pot cooking, leaf-steaming and charcoal grilling is the norm. Each meal is elaborate — 14 courses with over 22 dishes.

The project aims to explore a multi-central bank digital currency (CBDC) platform shared among participating central banks and commercial banks, built on distributed ledger technology (DLT) to enable instant cross-border payments and settlement. It is the result of extensive collaboration starting in 2021 between the BIS Innovation Hub, the Bank of Thailand, the Central Bank of the United Arab Emirates, the Digital Currency Institute of the People's Bank of China and the Hong Kong Monetary Authority.

Thailand has tried for years to deal with its pollution problem

Polestar intends to launch in seven markets next year, the Swedish electric-vehicle maker said on Monday, as it looks to attract new customers. The company will enter France, Czech Republic, Slovakia, Hungary, Poland, Thailand and Brazil in 2025.

Trade openness is measured as the ratio of trade to GDP. India’s is close to 50%, as per World Bank data. It used to be 7% in 1970, about 15% in 1980 and 1990, and jumped to 26% in 2000 and 49% in 2010.

Sri Lankan community in New York City probably gravitated to Staten Island, just below Manhattan because of cheaper rents, but there might be other reasons why the place feels familiar. One of the best ways to get a good meal in New York is to board the Staten Island ferry. It’s free, you pass the Statue of Liberty and at the other end are a bunch of great Sri Lankan restaurants. You can savour their curries with their distinctive deeply roasted spices and the underlying umami note from the grated dried tuna called Maldi fish, enjoy the hoppers (appams) and rich coconut rice and finish with one of the best desserts ever, thick yoghurt with kithul (fishtail palm syrup). And you can wonder why Staten Island has more Sri Lankan restaurants than all of India. Prime Minister Narendra Modi’s third swearing-in saw heads of neighbouring South Asian countries appear as guests. It might have been more meaningful without the one obvious omission, but it still seemed a gesture towards something that has almost vanished — the idea of South Asia beyond just how the countries affect each other on a political level. There are links of history, geography, cultural exchange, personal histories, environmental connections and, yes, food that also count in the South Asian space.

Saudi Arabia, India, South Africa, Thailand, Indonesia, Mexico and the United Arab Emirates were among countries participating at a summit on peace for Ukraine that did not sign a final communique, the Swiss government said on Sunday. Switzerland, which hosted the summit, said over 90 countries took part in the talks, and the vast majority of them signed up to the communique, according to a list which the Swiss organizers posted at the close of proceedings. Brazil, which was listed as an «observer» on the list of attendees, also did not feature as a signatory.

Also Read: Airfares have soared, but summer travellers don't careHow did the traffic not grow? The growth has been on the edge for a while until countries enticed Indians with visa-free travel or visa on arrival, which has been the case with Thailand and Malaysia. While travel to South East Asia has been on the rise, largely led by increased connectivity, travel to Europe and North America is yet to see its heydays.Europe has seen an ongoing war since 2022, along with the delay in issuing Schengen visas.

A 34-year-old Vietnamese tourist was reportedly angry about visa fees emerged from the women's bathroom with no clothes, June 8, 2024 at Ninoy Aquino International Airport in Manila, Philippines. (Credit: Viral Press)

gold in Asia is surging despite prices hovering near the record highs it hit in May, industry officials say, as buyers snap up the metal to hedge against geopolitical and economic uncertainty. Spot gold is trading a little over $2,300 per ounce, up about 12% year-to-date and only about 6% shy of the record high it hit last month.

Singapore Airlines has offered compensation to passengers of a flight that hit extreme turbulence last month

Thailand’s Ministry of Finance revoked Zipmex’s digital asset business license on May 28, following recommendations from the Securities and Exchange Commission (SEC). The action came after the exchange repeatedly failed to adhere to the regulator’s directives, according to a statement.

Singapore Airlines has sent offers of compensation to passengers on board a flight last month that encountered severe turbulence that led to dozens of injuries and one death, the carrier said on Tuesday.

Narendra Modi's global outreach in his third term is expected to begin with a 24-hour trip to Italy for the G7 summit on June 14 where he is an invitee. In subsequent months, Modi may visit Kazakhstan for the SCO summit (July 3-4), followed by BIMSTEC meet in Thailand (September), BRICS summit in Russia (October), G20 summit in Brazil (November) and a probable trip to New York in September for the UN General Assembly and Summit of Future.