Thailand’s Transport Ministry is in fervent pursuit of investors for an ambitious megaproject – The Land Bridge. This bold endeavour aims at connecting Chumphon, perched on the Gulf of Thailand’s eastern coastline, to Ranong, gracing the Andaman Sea landscape. The mission to secure financial backing for this monumental project will take the quest overseas with roadshows planned for China, Europe, and the United States. Transport Minister Suriya Jungrungreangkit shed light on these pivotal advancements in the project while addressing queries raised by Wichai Sudsawat, a distinguished Member of Parliament for the United Thai Nation (UTN) Party, hailing from Chumphon. During a crucial parliamentary session, Wichai voiced concerns over the potential adverse impacts this mammoth undertaking could have on the livelihood of his subjects. These concerns were stoked by previous remarks from Suriya, underlining significant investment costs and environmental hurdles associated with this project. Introduced by the progressive Prayut-Chan-o-cha government two…
Posts published by “Editorial Team”
Energy Absolute (EA), a market leader in renewable energy and electric vehicle (EV) production listed on the Stock Exchange of Thailand, is on an exciting trajectory towards seeing a significant boost in its total revenue. This year, industry forecasts have projected a revenue increase for the company that will surpass a staggering 41 billion baht, a remarkable ascent from the preceding year’s 27.5 billion baht. EA’s emphatic rise in profits is largely owing to ravenous demand for commercial-scale EVs and batteries. In an overview of earnings throughout 2021’s first two quarters, the sales of EVs and batteries were responsible for an impressive quarter of the total revenue, equating to roughly 10.4 billion baht. This is a monumental leap compared to the modest 472 million baht from the same period the year prior. In terms of sheer sales, EA observed a growth of 24%, with the company selling 1,445 units of…
In response to the growing unrest in the global financial and capital market spheres, Thailand’s baht is expected to undergo a continued downslide over the coming month and beyond. This forecast comes in light of the implied intent of the esteemed US Federal Reserve to potentially ramp up its benchmark interest rate. This is an analysis drawn by Poon Panitchpibun, an eminent strategist at the research centre of Krungthai Bank-Krungthai Global Market. The strategist indicated that yesterday, the 21st day of September, recorded an opening for the baht at a value of 36.25 against the US dollar. This figure demonstrates a depreciating trend from the previous close at 36.07. A slow increase was observed in the value of the baht throughout Wednesday night fluctuating within the bounds of 35.86 to 36.23 per dollar. However, notably, the upward trend was interrupted under a surge in the worth of both the dollar…
In a significant move aimed at strengthening international alliances, Thailand’s Prime Minister, Srettha Thavisin, has publicized his plan to enhance trade relations with the United States. This noteworthy initiative coincides with the historical milestone of 190 years of diplomatic connections between the two nations. The decision was disclosed following a high-profile gathering between Prime Minister Srettha Thavisin and US President, Joe Biden. The occasion in question was a grand gala dinner, which was put together by esteemed entities such as the US-ASEAN Business Council and the US Chamber of Commerce. The reinforced bond between Thailand and US marked the 78th session of the United Nations General Assembly in New York, which concluded on a Sunday. Juggling dual roles, the Thai Prime Minister, who also serves as the finance minister, revealed that Biden applauded him on his ascension to the prime ministerial role. Srettha assured Biden of Thailand’s unwavering commitment as…
Riding the wave of digital revolution in the insurance sector, Roojai, a prominent online insurance firm, is on the brink of declaring its inaugural profit from Thai operation for the fiscal year concluding in March 2024. Nicolas Faquet, the architect and the driving force behind Roojai, attributes this major accomplishment primarily to the considerable growth witnessed in motor insurance sales. Evidently, the company has set a targets to become one of the top 10 contenders in motor insurance by the next year. Faquet revealed the company’s journey in the past few years, riddled with obstacles and challenges, most notably those imposed by the global Covid-19 pandemic. However, he stands firm in his belief that current dynamics in the vehicle insurance sector indicate a promising future. In the fiscal year ending in March 2022, Roojai added a whopping 149,248 customers, representing a year-on-year increase of 15%. Faquet acknowledged that this growth…
News recently emerged from southern Thailand in the district of Bang Kaeo, where authorities united in a renewed crackdown on systemic corruption. In a twist of events, the local Mayor, Nathapong Taengsuwan, is at the center of these investigations, facing allegations of extortion and unofficial solicitation. The sum of money believed involved shatters the community’s trust with a staggering 1.5 million baht. Nathapong’s legal ordeal began with accusations of his insistence on kickbacks in return for approving a substantial community project. The scope of the project was colossal, estimated at around 13 million baht for LED screen installations across the entire district. However, in a desperate attempt to mask his dubious dealings and align himself away from the corruption allegations, the Mayor fumbled with over 1.5 million baht before abandoning the sum entirely. The tale grows more enthralling as it unfurled on the 22nd of September, the day when these…
Facing the harsh reality of a garbage dump as his home and shackled, a senior one-eyed bull elephant survived the sheer brutality of his dire situation for four long years in the city of Chiang Mai, Thailand. His existence was undeniably grim – chained, undernourished, and with a solitary functioning eye. Unchained Elephants, a group guided by unfaltering determination to liberate elephants from such deplorable conditions, launched an unprecedented rescue operation, becoming the pioneers of utilising tokenisation for elephant conservation financing. By exploiting Non-Fungible Tokens (NFTs) and crowdfunding, they achieved the liberation of Kanoon the bull elephant, simultaneously forging a path for sustainable elephant conservation initiatives. The historic mission culminated on September 5th when Unchained Elephants successfully relocated Kanoon to an ethical elephant sanctuary, Boon Lott’s Elephant Sanctuary (BLES), in Sukhothai, Thailand. The initiative, helmed by Daniel Villota, was established in response to the hardships suffered by elephants due to…
Workers diligently busy themselves on a bustling worksite situated along Charansanitwong Road, one of the busiest thoroughfares in the heart of Bangkok. It’s a testament to Thailand’s relentless workforce, hovering tools, and churning cinders serve as a vivid snapshot of the ambitious goals that come with it. This image bears the indomitable spirit of Pairoj Chotikasatien, the Department of Employment’s high-ranking director-general, who has recently unveiled a plucky initiative for the workers of Thailand. Amidst the exhaust and clamor of Bangkok’s busy streets, Mr. Chotikasatien confirmed a boisterous mission of the Labour Ministry led by the new Labour Minister Phiphat Ratchakitprakarn. The stirringly ambitious goal? Deploying an army of 100,000 skilled Thai workers to various overseas countries by next year. This high-reaching mission is more than a mere ambition to ratchet up numbers, it is a reflection of the Labour Ministry’s robust efforts to open legal employment pathways for Thais…
Within the sun-kissed realm of Southern Thailand, the Songkhla province has rejuvenated its quest to earn a prestigious spot in Unesco’s World Heritage Site list. Spearheading this endeavor is the influential Provincial Administrative Organization (PAO) along with the power of civil society, all who relentlessly attest to the timeless value of Songkhla’s charming old town. In the words of PAO’s luminary, Chairman Paijen Maksuwan, during a synergistic meeting of local officials, consultants, and civic groups, they’ve commissioned an expert consultant, laser-focused on creating a failsafe plan to immortalize the old town. The plan will dutifully abide by Unesco’s stringent guidelines for world heritage, promoting sustainable growth while cherishing the precious cultural wealth of the land. According to Chairman Paijen, the province acts as a bustling trading center for the region, teeming with an array of arts and a vibrant culture. These facets have been treasured through the leaves of history,…
Thailand’s esteemed Prime Minister, Srettha Thavisin, affirmed the country’s readiness to compete, along with other Southeast Asian nations, for the esteemed privilege of co-hosting the 2034 World Cup. The Prime Minister expressed this interest during his conversation with the ardent FIFA president, Gianni Infantino, in an exclusive meeting in New York. This significant dialogue happened while the Thai premier was attending the 78th United Nations General Assembly (UNGA78). Mr. Thavisin’s invitation to the meeting by the FIFA president marked a positive step, confirming Thailand’s and Asean’s readiness to contend for the monumental opportunity to co-host the World Cup in 2034. He further announced on his X (previously Twitter) account that FIFA had selected Thailand to arrange the 74th FIFA Congress occurring in November 2024. This event promises to draw over 2,000 football organisers and players from across the globe to Thailand. The prime minister expressed his optimism and excitement about…