Thailand Financial News

Thailand's Prime Minister Srettha Thavisin says his country and China will soon implement visa-free entry for each other’s citizens

telecom tariffs are amongst the lowest in the world as a percentage of per capita gross national income (GNIpc), and the country's telcos have enough headroom to raise prices by at least 1.5x over the next 4-5 years, industry executives and analysts said. GNIpc is the dollar-value of a country's final income in a year divided by its population.

romantic dramas produced by Wattpad and Voltage Pictures, began in April 2019. After making its Netflix debut in October 2019, the first film left the US platform in October 2022 after a three-year stint.

Thailand's popular tourist destination Phuket has launched a new user-friendly online visa extension system. The Immigration Bureau Commissioner, Pol Lt Gen Itthiphon Itthisanronnachai, unveiled this new initiative, that will allow foreigners under the 12 specified visa categories to apply for visa extensions online. The move aligns with Lt Gen Itthiphon's mission to streamline immigration procedures, ensuring efficiency and accessibility, especially during the upcoming New Year holidays.

Workers from South Asia are heading to Israel, whose need for labor has become more pressing since the Hamas-led attack in October. Israel's government closed crossings from the West Bank, cutting off thousands of Palestinians from work, and many of the foreign workers whom Israel relies on to operate its farms and construction industry left. Most of the roughly 30,000 foreign agricultural workers in Israel were from Thailand, dozens of whom were kidnapped or killed on Oct.

foreign airlines including British Airways, Etihad, Thai Airways and Qatar Airways been questioned by the Directorate General of GST Intelligence (DGGI) over allegations of tax evasion which have run into hundreds of crores of rupees, TOI reported on Sunday. The DGGI has questioned these executives over allegations of these carriers’ booking expenditure related to their India operations with their overseas head offices in the last month. Citing sources, TOI reported that the DGGI has requested documentation from these airlines covering every expense incurred by the international carriers for their operations in India. This may include aircraft leasing, crew and ground staff costs, fuel for the aircraft, and any additional maintenance or repair expenses. For the first time, Indian authorities have requested that international airlines report all of their expenses relating to India and pay taxes for services provided here under the new GST regime.

organisations have so far confirmed to be partners for the upcoming Vibrant Gujarat Global Summit (VGGS) 2024, the state government said on Saturday. The 10th edition of VGGS, based on the 'Gateway to the Future' theme, will be organised in Gandhinagar from January 10 to 12.

Republic Day, which falls on Friday this year, is the only national holiday when banks will be closed for long weekend as it is followed by fourth Saturday and Sunday. List of long weekends in 2024: Plan your holiday trips now to save money in the new year Here is a look at bank holidays in January 2024 across states: January 1 (Monday) New Year’s Day- Banks are closed in Mizoram, Tamil Nadu, Sikkim, Arunachal Pradesh, Manipur, Nagaland, and Meghalaya these states will be closed on January 1 on the occasion of New Year’s Day. January 2 ( Tuesday) New Year’s Celebration: Banks will be closed in Mizoram. January 11 (Thursday), Missionary Day: Banks closed in Mizoram. January 15 (Monday); Uttarayana Punyakala/Makara Sankranti Festival/Maghe Sankranti/Pongal/Magh Bihu- Banks closed in Karnataka, Orissa, Tamil Nadu, Andhra Pradesh, Telangana, Sikkim, Assam. January 16 (Tuesday); Thiruvalluvar Day- Banks closed Tamil Nadu. January 17 (Wednesday)- Uzhavar Thirunal/Sri Guru Gobind Singh Ji Birthday- Chandigarh and Tamil Nadu, January 22 (Monday)- Imoinu Iratpa- Banks are closed in Manipur. January 23 (Tuesday)- Gaan-Ngai- Banks are closed in Manipur. January 25 (Thursday)- Thai Poosam/Birthday of Md. Hazarat Ali- Tamil Nadu, Maharashtra, Uttar Pradesh. January 26 (Friday)- Banks are not closed in Tripura, Uttarakhand, Bengal.

12th Fail. Except that, this weekend offers several movies and web series on OTT platforms. Let’s have a look.

Aceh province. The Indonesian navy said a coast guard vessel detected a boat carrying Rohingya refugees entering Indonesia's waters on Wednesday. A helicopter from a navy ship subsequently spotted a wooden vessel nearing Weh island in north Aceh province.

BANGKOK (Reuters) — Major Japanese auto manufacturers will invest 150 billion baht ($4.34 billion) in Thailand over the next five years, a Thai government spokesperson said on Monday, supporting the Southeast Asian country's transition to making electric vehicles.

Toyota Motor Co. halted shipments of six car models in some Southeast Asian countries as its subsidiary Daihatsu Motor Co. faces a widening safety scandal, the Yomiuri reported without citing sources.

airports in the world. For example, the new Bangalore Terminal 2 is made with a bamboo motif and feels like a mix of Singapore Changi Airport and being in the Broadway musical, Miss Saigon.

Christmas and year-end season? Pretty much everywhere! Going by most accounts, the October to December quarter this year is likely to be a bumper quarter for the travel and hospitality sector with most companies claiming to have an even better momentum than in 2019. «There is a lot of talk about high airfares but the important thing to note is that people are travelling,» said Rajesh Magow, cofounder and group CEO of MakeMyTrip. «Typically, international travel bookings, even for short-haul travel, are made a couple of weeks or more in advance. However, with markets such as Thailand and others making the entry process a lot easier, we are seeing advance purchase windows for these destinations becoming shorter, in many cases, stretching to a couple of days,» he said. As per MakeMyTrip data, the top destinations for the last week of December in the domestic sector include Goa, Rajasthan, Varanasi, Kerala, Rishikesh and Kashmir. In terms of international flight bookings, popular destinations such as the UAE, Thailand, Singapore, and Indonesia continue to be favourites.

The 8th edition of the Indian Ocean Naval Symposium (IONS) Conclave of Chiefs (CoC) is currently underway in Bangkok, Thailand, hosted by the Royal Thai Navy from December 19 to 22, 2023. Leading the charge is Admiral R Hari Kumar, Chief of the Naval Staff, who heads a three-member Indian Naval delegation for the Conclave.

₹341 crore), Temasek ( ₹328 crore), a local Thai partner ( ₹11.9 crore) and local debt. The consideration implies an acquisition valuation of 0.9 times FY23 enterprise value/sales and about 7.5-8 times EV/Ebitda. Quick-service restaurants (QSRs) in the Indian market are currently struggling to boost growth.

The development triggered a strong investor interest in the stock with nearly 82 lakh shares changing hands on the NSE, while the stock witnessed a 5.20 times spurt in volumes on the BSE. The stock has been a market laggard with returns of just over 2% in the last 12 months while stock's returns in 2023 stand at a mere 7%. In contrast, the Nifty has given over 16% returns. Devyani International's Dubai subsidiary Devyani International DMCC on Monday announced its entry into the Thailand market by signing a share purchase agreement to acquire a controlling interest in Restaurants Development Co, Thailand.

HCL Technologies and Persistent Systems considering the recent rally in these stocks. The brokerage firm believes the recent strong rally limits further upside in select stocks in the IT sector. HCL Tech share price has gained nearly 11 per cent while Persistent Systems share price has gained over 9 per cent in December so far.

TCS and HDFC Bank. The BSE Sensex was trading 56 points or 0.08% higher at 71,370. Nifty50 was trading at 21,426, up 8 points or 0.04% at around 9.18 am. From the Sensex stocks, Nestle India, Sun Pharma, Reliance Industries, NTPC, and Maruti opened in the green, while TCS, HDFC Bank, IndusInd Bank, and Kotak Bank opened in the red. Among individual stocks, Apollo Tyres opened 7% higher amid a 4.5% block deal in the counter. Vedanta shares opened 2.4% higher after the company declared a second interim dividend of Rs 11 per share for fiscal 2024.

Sun Pharma: The company has agreed to acquire a 16.7% stake in Massachusetts-based Lyndra Therapeutics for $30 million. Lyndra develops novel delivery technology for long-acting oral therapies. NHPC: It said the board will meet on 22 December to consider the monetisation of future cash flows of one or more of its power stations for a suitable tenure.

NEW DELHI : Biocon Biologics Ltd (BBL), a subsidiary of Biocon Ltd, on Monday announced a complete integration of the acquired Vitaris’ biosimilars business in 120 countries, a year ahead of schedule. The firm had acquired the American pharmaceutical company’s biosimilars business in November 2022.