Chayawadee Chai-anant, who serves as one of the lead figures in the Bank of Thailand, recently drew attention to the fact that political turmoil is a substantial contributor to the concerning state of the nation’s economy alongside global economic uncertainty and the elevated cost of living. She further mentioned that this political instability has the potential to disrupt the flow of funds allocated for state departments, thereby potentially jeopardizing the nation’s economic stability. She pointed out that the magnitude of this impact hinges heavily on the length of the delay in establishing a functioning government. Chayawadee reinforced her statement by expressing that an unusually long delay could seriously undermine investor confidence. The inability of the eight-political-party alliance led by Move Forward and Pheu Thai to form a government post-May’s election mainly due to objections from senators is a case in point. An idea that has been proposed by a few…
Posts published in “Thailand”
The world-renowned tourism industry of Thailand is lobbying for the reinstatement of a previously waived visa fee, targeting high-population countries such as India and China. This action is triggered by the need for increased visitor inflow amidst a lackluster recovery from certain key markets. Advocates believe the visa fee waiver is quintessential to boost footfall in the current calendar year. Marisa Sukosol Nunbhakdi, the esteemed President of the Thai Hotels Association, accentuated the significance of aiming at populous nations like India and China for increased tourism. This is primarily because these countries’ tourists frequent key Thai locations such as Bangkok, Pattaya, and Phuket. Despite the boost current high-spending tourists provide to Thailand’s economy, Nunbhakdi acknowledged the critical importance of budget travelers and large tour groups to numerous hotel business models across the country. She was quoted as stating, “While high-spending tourists have become more prominent in Thailand recently, we must…
The surge in cyber-attacks, particularly in Thailand, has resurfaced an alarming concern for the global community, as reported by Check Point Research. In recent months, Thailand has experienced an above-normal rate in cyber incidents, contravening not only the global average but also surpassing Southeast Asia’s numbers. On a weekly basis, approximately 2,388 cyber-attacks scathed the organizations in Thailand, menacingly topping the Southeast Asian average of 2,375 incursions. Unsurprisingly, a substantial majority, 72% precisely, of these malign concoctions are disseminated through emails. Remote code execution was revealed as the most frequently exploited vulnerability among Thai organisations, affecting about 61% of them. Malefic entities notably prevalent were banking trojans like Zeus, cryptominers like XMRig, and info-stealers like Qbot. Highlighting the increased gravity of cyber threat situation globally, the findings unveil that an organisation is attacked on an average 1,258 times a week, a chilling record highest in over two years. The trend…
The cosmopolitan hub of Bangkok has recently been crowned as the world’s best city for digital nomads, as per a study undertaken by CommercialSearch, a reputed platform specializing in work and coworking spaces. With an eclectic mix of affordability, remarkable internet speeds, and infectious energy, Bangkok outpaced all competition in this year’s rankings of the Best Cities for Digital Nomads. CommercialSearch’s rigorous evaluation process comprised of an assessment of cities across the globe with populations north of 400,000 inhabitants, boasting complete data across all metrics. A diverse collection of 57 cities emerged as top contenders from this massive pool. What sets these contenders apart is their status as large, well-connected urban centres, presenting digital nomads with a plethora of exciting options. The rankings took into consideration key factors such as affordability, internet speed, coworking costs, the fun quotient, and safety levels. Bangkok’s appeal lies in its affordability and outstanding performance…
Preparing for a future with healthy water resources, Thailand’s northern provinces of Chiang Mai and Lamphun are gearing up for a massive overhaul. Their latest plan involves repurposing a slew of abandoned mines into massive water reservoirs. This initiative is part of a grand water management scheme that will span two decades with more than 7,000 slated projects. The ambitious project is under the careful eyes of Surasri Kidtimonton, the secretary-general of Thailand’s Office of the National Water Resources (ONWR). These comprehensive water projects aim to hold a significant 951 million cubic meters of water. Not just a random action, but a strategic move designed to secure the supply for approximately 3.8 million rai area, typically hit by drought during the dry season. Furthermore, safeguarding against flooding over 1.7 million rai of land susceptible to the perils of the deluge in the rainy months is also part of this initiative.…
The esteemed National Astronomical Research Institute of Thailand (Narit) and the well-known Tourism Authority of Thailand (TAT) have come together in an exciting venture to chart new territories in the field of “astronomical tourism”. This initiative, which involves the designation of 18 prime stargazing locations as exclusive dark sky reserves in this current year, aims to offer breathtaking night skies undiluted by the harshness of artificial light. Heading this trailblazing initiative is Narit’s director, Saran Poshyachinda, who, along with his team, has introduced the Amazing Dark Sky in Thailand Season 2 project. This endeavour aims to highlight 18 exemplary locations spread across the nation. Each of these has been meticulously chosen as a dark sky reserve that offers an unspoilt view of the night sky. In 2020, the TAT and Narit collectively initiated the Amazing Dark Sky in Thailand project with the noble aim of promoting dark sky tourism. This…
In 2023, on the auspicious date of August 1st, the noteworthy Metropolitan Electricity Authority (MEA) proudly celebrated its significant 65th anniversary. This commemorative occasion was thematically encapsulated as “65th MEA SPARK the Sustainable Future”. A profound undertone of altruism permeated the event as attendees were invited to contribute donations to two pivotal foundations, primarily, the Holt Sahathai Foundation, dedicated to providing nurturing environments for orphans and the Foundation for Child Development, which aims to foster holistic child development and innovative thinking. The celebration paid tribute to the exceptional contributions of the MEA, steered by the driving principle of the organisation: “Triple Go for Goal”. This mission encompasses three central tenets including Go Smart, Go Digital, and Go Green, unified under the visionary mission statement “Energy for City Life, Energize Smart Living”. Distinguished MR. Wilas Chaloeysat, the Chairman of the MEA, elucidated that, “The Go Smart scheme prioritizes the modernization of…
The Chulalongkorn Business School, situated within the renowned Chulalongkorn University, is revolutionizing business education in Thailand — embracing continual enhancement within their MBA program and fostering an environment where innovation and research shine. This steadfast commitment to excellence has led notably to the school securing the esteemed Triple Crown Accreditation, marking it as a superior institution for shaping the business leaders of tomorrow in the global sphere. Dean of Chulalongkorn Business School, Professor Wilert Puriwat, proudly presented this prestigious achievement to the world. Besides its long-standing status as Thailand’s leading business school as per the QS World University Rankings 2023, CBS is now lauded with accreditation from three highly regarded international organizations — AACSB (Association to Advance Collegiate Schools of Business) from the United States, EQUIS (EFMD Quality Improvement System) from Europe, and AMBA (Association of MBAs) from the United Kingdom. A remarkable accomplishment considering only 108 business schools among…
On the day of July 26, an unfortunate incident took place causing significant damage to the navy frigate, HTMS Naresuan. The event occurred as the ship was leaving the quay of Map Ta Phut industrial port, located in the Muang district of Rayong province. In the course of maneuvering, the vessel’s left gunwale made contact with the corner of the quay, as stated by Adm Pokkrong Monthatphalin, the official spokesperson for the Royal Thai Navy. The impact from the collision inflicted serious damage, impairing one of the ship’s triple torpedo launcher tubes and ruining several attached life rafts. Even though no life-threatening damages were recorded, the visible scratches on the portside of the ship’s hull stand as a stark reminder of the unfortunate event. Upon news of the incident, the operations centre of the First Naval Area immediately set the gears in motion, initiating an inquiry to uncover whether the…
A law enforcement officer of the lieutenant colonel rank had his service terminated following accusations of demanding 100,000 baht as well as intimate favours from a female motorist. This was reportedly in lieu for dropping a trespassing charge against her, after an unfortunate series of events left her stranded on an eerie roadside in Saraburi province. Furthermore, this troubled woman also shared a terrifying incident involving an unknown man offering assistance in the dim light, who ultimately tried to assault her. Her fearful flight from the man led her to commit the trespassing for which she was charged. The identity of the distressed woman remains concealed for her protection. She confided in social media activist, Kanthat Pongpaiboonvej, better known by his alias, Kan Chompalang. Kan provided the much-needed support, accompanying her to lodge an initial complaint at Saraburi and later, with Pol Gen Surachate Hakparn, the deputy national police chief.…