Thailand Financial News

Thailand’s new Prime Minister Srettha Thavisin has vowed to act quickly to relieve the country’s economic problems in his inaugural speech to Parliament

Xinyu Wen traveled to Thailand in June, planning a two-week vacation around Bangkok’s Pride parade

Authorities in Thailand arrested five foreign nationals linked with a fraudulent cryptocurrency investment platform that fleeced over $27 million from local investors.

rupee ended weaker on Monday despite a rally in the Chinese yuan and a softer U.S. dollar as the domestic unit's strength was capped by dollar demand from oil companies and importers, traders said. The rupee ended at 83.03, compared with 82.9450 in the previous session.

By Jamie McGeever

An official says that one of Myanmar’s biggest and most powerful ethnic minority militias has arrested and repatriated more than 1,200 Chinese nationals allegedly involved in criminal online scam operations

Indonesia’s president has issued a stark warning after wrapping up a summit of Southeast Asian countries that was joined by China, the United States and Russia

Reliance Retail Ltd is set to broaden distribution of its sportswear brand, Performax, by reaching out to small retail shops, departmental stores, and stand-alone outlets, and increase its network to 20,000-plus outlets, said a senior company executive. It also seeks to grow its business fivefold within two years, positioning itself as a competitor to Puma and Reebok, said Akhilesh Prasad, the president and chief executive officer of Reliance Retail–Fashion and Lifestyle, in an interview.

Foxconn is exploring opportunities to manufacture electric vehicles (EVs) in India and Tamil Nadu is one of the states it is considering to set up a plant, the Taiwanese contract manufacturer’s local representative said.Company chairman Young Liu has spoken about regionalised production for cars, V Lee told ET, referring to the company’s decision to set up an EV factory in Ohio in the US and build another one in Thailand.

bronze medal finish at the Asian Table Tennis Championships 2023 after falling short in their semi-final clash against Chinese Taipei in Pyeongchang, the Republic of Korea, on Wednesday. The Indian men's table tennis team comprising a mix of experienced as well as youth talent of Sharath Kamal, Harmeet Desai and Sathiyan Gnanasekaran lost 0-3 in the final four. The two losing semi-finalists are awarded bronze medals at the competition.

Weather remains a pivotal factor influencing the price dynamics of various agricultural commodities across the globe. This holds true for three major food commodities: cocoa, sugar, and rice, all of which have witnessed a substantial uptick in prices in recent weeks.

The proposed Thai Canal, often referred to as the Kra Canal, has been a subject of considerable discussion and analysis due to its potential impact on global trade routes. If realized, this canal would offer an alternative to the Straits of Malacca, a critical maritime passageway that currently serves as a conduit for a significant portion of global trade. China, which heavily relies on the Malacca Straits for its maritime trade, has shown considerable interest in the project.

Narendra Modi will also embark on his visit to Indonesia on Wednesday to attend the summits tomorrow. The forthcoming ASEAN-India Summit will be the first Summit since the elevation of ties between India and the Association of South East Asian Nations bloc of countries to a Comprehensive Strategic Partnership in 2022.

Canada’s status within the Indo-Pacific region is set to get a boost as the Association of Southeast Asian Nations prepares to make Ottawa its latest strategic partner when Prime Minister Justin Trudeau visits Indonesia.

Indian stock market is expected to open lower on Tuesday following weakness in Asian markets ahead of key economic data releases in the region. The US markets were shut for a holiday. The Reserve Bank of Australia will announce its interest rate decision, while the purchasing managers index readings from China, India and Hong Kong will also be released today.

Invasive species that wreck crops, ravage forests, spread disease, and upend ecosystems are spreading ever faster across the globe, and humanity has not been able to stem the tide, a major scientific assessment said Monday. The failure is costing well over $400 billion dollars a year in damages and lost income — the equivalent to the GDP of Denmark or Thailand — and that is likely a «gross underestimation», according to the intergovernmental science advisory panel for the UN Convention on Biodiversity (IPBES). From water hyacinth choking Lake Victoria in East Africa, to rats and brown snakes wiping out bird species in the Pacific, to mosquitoes exposing new regions to Zika, yellow fever, dengue and other diseases, the report catalogued more than 37,000 so-called alien species that have taken root — often literally — far from their places of origin. That number is trending sharply upward, along with the bill for the damage multiplying fourfold per decade, on average, since 1970. Economic expansion, population increase and climate change «will increase the frequency and extent of biological invasions and the impacts of invasive alien species,» the report concluded. Only 17 percent of countries have laws or regulations to manage this onslaught, it said. Whether by accident or on purpose, when non-native species wind up on the other side of the world, humans are to blame. The spread of species is hard evidence that the rapid expansion of human activity has so radically altered natural systems as to tip the Earth into a new geological epoch, the Anthropocene, scientists say. The hyacinth that at one point covered 90 percent of Lake Victoria — crippling transport, smothering aquatic life, blocking hydroelectric dam intake and

Narendra Modi will visit Indonesia's capital Jakarta on September 6 and 7 to attend the ASEAN-India and East Asia summits, said the Ministry of External Affairs in an official statement on Saturday. Shoring up India's trade and security ties with the 10-nation Association of Southeast Asian Nations (ASEAN) is likely to be the focus of Modi's engagement with leaders of the bloc, according to PTI reports.

Rahul Gandhi's YouTub channel has released a light-hearted video where the Wayanad MP is seen learning a mutton recipe from Rashtriya Janata Dal (RJD) party's co-founder Lalu Prasad Yadav, and his daughter Misa Bharti, Rajya Sabha MP. The father and daughter duo were teaching Rahul Gandhi how to cook mutton at their residence. In the more-than-seven-minute-long video, Gandhi is seen learning the recipe for "Champaran mutton" preparation from Prasad.

rice market. The world’s top shipper has placed restrictions on all of its exports, panicking governments from Asia to West Africa. Other big growers have tried to reassure consumers that rice supply is ample, but it’s done little to calm the market. Rice prices in Asia jumped back near the highest level in almost 15 years on Wednesday after India slapped more curbs on parboiled and basmati over the previous weekend.

By Chayut Setboonsarng and Panarat Thepgumpanat

Thailand's king has commuted former prime minister Thaksin Shinawatra's eight-year prison sentence to one year, the royal gazette said on Friday, a day after the billionaire submitted a request for pardon. The country's most famous politician returned to Thailand last week in a dramatic homecoming after 15 years abroad in self-exile to avoid jail time after he was ousted by the military in 2006. He arrived on a private jet and was transferred to prison to serve an eight-year sentence on charges of abuse of power and conflicts of interest from during his time in power. On the first night, he was moved to a police hospital over chest pains and high blood pressure. On Thursday he submitted a request for a royal pardon. Thaksin «was a prime minister, has done good for the country and people and is loyal to the monarchy,» the royal gazette said on Friday. «He respected the process, admitted his guilt, repented, accepted court verdicts.