The global monetary landscape is currently on shifting sands, with growth predictions encountering a slump, predominantly due to weaknesses arising from the Chinese and European economies. Compounded by military conflicts in areas like Gaza and Ukraine, and further amplified by the surge of oil prices, with Brent crude surging past $90 per barrel, the global economy is set for an exciting yet unpredictable ride. But the question stands – Just how robust is our global financial structure? Recent crisis with the Silicon Valley Bank (SVB) and Credit Suisse earlier this year gave a premonitory signal that not everything was rosy. However, timely intervention by the Fed and Swiss authorities helped retrieve the dwindling confidence. Today, despite the prediction of interest rates standing ‘higher for longer’, stock prices across the U.S and Europe are almost 10-12% elevated compared to the starting of the year. The overall financial ambiance is not as…
THAI.NEWS - Thailand Breaking News
A chemical compound, known as azidomethyl biphenyl tetrazole (AZBT), is a recognized mutagen, which implies it has the potential to increase an individual’s risk of developing cancer over an extended period of repeated exposure. Dr. Narong Aphikulvanich, the Executive Secretary-General of the Food and Drug Administration (FDA), shed light on this issue in a recent press conference. He reported that an in-depth investigation discovered that Irbesartan, a frequently used medication, was found to engage with AZBT in an alarming 42 batches. These contaminated batches were produced by five distinct pharmaceutical manufacturers, explicitly outlined in an appended table. Despite these findings, Dr. Aphikulvanich was firm in his assurance that Irbesartan sourced from separate batches or alternate manufacturers continues to remain safe for consumption. He reiterated the FDA’s commitment to the health and safety of its consumers, evidenced by rigorous inspections of all Irbesartan-producing manufacturers and extensive lab testing of samples by…
The breathtaking city of Chiang Mai, nestled in the northern reaches of Thailand, recently witnessed a momentous event. Her Majesty the Queen, accompanied by His Majesty King Maha Vajiralongkorn, graced their royal presence to inaugurate the Thailand International Ice Hockey Arena. Situated in the heart of Chiang Mai’s bustling Muang district, this arena is a proud addition to the city’s sporting landscape. The christening of the arena was marked with an engaging ice hockey match where Thailand’s finest national players squared off. Split into the noble White and Blue teams, the players exhibited a game filled with lively action and spirited competitiveness. But what made the match truly unique was the participation of Her Majesty the Queen, who donned the Blue team’s colors. The Queen not only joined the sportsmen on the rink but also seemed entirely engrossed in the exciting match, much to the delight of His Majesty the…
An intriguing communiqué originating from the Thai International Trade Promotion Office located in Tel Aviv provides an in-depth examination of how the recent reinvigoration of the Middle East armed conflict could impact the Thai economy. Despite the hostile environment in the Middle East, the report highlights unseen benefits for Thailand. It anticipates an increase in exportation of food supplies and health-related products. The exacerbated conflict is likely to surge the requirement for items such as rice, shellfish, professionally packaged food, natural and synthetic made rubber commodities, pharmaceuticals, and medical appliances for disease prevention and wellness. Furthermore, the assessment projects a rise in the requisition of automobiles and car components succeeding the battle’s termination. It suggests, however, that the appetite for more opulent items such as intricate jewelry and ornamental décor may experience a sluggish recovery. Conversely, the report doesn’t shy away from the potential negatives associated with a protracted war.…
A wave of relief swept through the city of Bangkok today as the Air Quality Data Centre reported a startling drop in the PM2.5 levels. The early hours of the dawn, between 5am to 7am, witnessed impressive fluctuations in the measurements, which ranged anywhere between 25.8 and 60.2 micrograms per cubic meter (µg/m³). The big picture was even more satisfying, as the citywide average choked in at a delightful 40.1µg/m³. However, the day isn’t all sunshine and rainbows. A layer of concern settles beneath the notable progress as 41 locales in the city continue to exceed the permissible PM2.5 standard level. These areas have been issued an orange level health alert, which implies serious potential hazards for those with particular health conditions. As the sun stroked the skyline at 7am, the PM2.5 measurements slid within the 25.8 to 57.8µg/m³ range. While a decrease from yesterday’s figures, 37 areas in the…
In the wake of tensions easing between Israel and Hamas, Thailand’s Labour Ministry has reaffirmed its commitment to redeploy its workforce to Israel. Through a statement issued by Pairote Chotikasathien, the Ministry’s permanent secretary, it was revealed that there had been substantive discussions between officials from both countries regarding this matter. The dialogue was primarily initiated by Kittana Srisuriya, a minister counsellor at the Thai embassy in Tel Aviv, with Eyal Sisu, the director-general of the Population and Immigration Authority (Piba), and Inbal Mashash, director of the Foreign Workers Administration. Central to their discussions was the matter of two specific groups of Thai workers, both of whom have been directly impacted due to the ongoing conflict. One of these groups comprises Thai workers whose contracts of five years and three months had been prematurely concluded due to war circumstances. Additionally, it includes those who had returned to Thailand between three…
The world got their first glimpse of Thailand’s green future at Phuket’s prominent tech hub, BTC Space, on October 16, 2023. Mile Green, a trailblazer in the Thai automotive landscape, unveiled their brainchild project – ZEEGO: A brand colorfully extending the palette of electric vehicles (EVs). Maverick Hui, the man behind Mile Green, transported the audience to the beginnings of an EV revolution with their game-changing battery-swapping technology and integration with web3. Peeling back the curtain, Maverick Hui, Mile Green’s ace founding figure and CEO, launched into the spotlight the dazzling ZEEGO motorcycle prototypes – the muscle-flexing BIKE2 and sleek SCOOT2. Going a step further, he also introduced two notable tuktuk renditions, TK01 and TK02, changing the lanes of conventional transportation. These products are charging up EV spectators by steering away from ordinary charging methodologies, painting the picture of a more convenient and efficient EV sphere. An equally vibrant figure…
A dance of lights shimmered against the inked sky as a military aircraft made its descent to Don Meang, in the heart of Bangkok, marking the return of Thai workers from Israel this Friday. The journey home from Israel was not just the end of a long chapter of work and new experiences. It also marked a hiatus prompted by the unsettling Israel-Hamas conflict. But a beacon of hope has been lit. Israel has reiterated a clear voice of warm welcome to these diligent Thai workers, as the tension between Israel and Hamas slowly attenuates – so disclosed the Labour Ministry’s Permanent Secretary, Pairote Chotikasathien. Through the veil of diplomatic wires, Pairote announced that Kittana Srisuriya, a minister counselor at the Thai embassy in Tel Aviv, had a rendezvous with Eyal Sisu, the Director-General of the Population and Immigration Authority (Piba), and Inbal Mashash, the chief of the Foreign Workers…
The serene early morning hours of Saturday in Tak Bai district, Narathiwat province, were marred by an unfortunate event. Suspected militants orchestrated several well-coordinated attacks that sent the close-knit community in a state of shock. The easy-going southern border province was brought to life in a terrifying way, with police officials quickly alerted about the evolving situation. A cleverly crafted improvised explosive device (IED) fashioned out of a fire extinguisher cylinder exploded outside a local gold shop in the small town of Chehe. Its detonation shattered the shop’s front, revealing the intensity of the explosion, according to Pol Lt Col Jarukit Sridech, the interim chief of the Tak Bai police station, who was notified around 1.30 am. In the same breath, an unknown group of armed individuals unleashed a rain of bullets on a security checkpoint, about 50 metres from the attacked gold shop. This audacious act pushed the seven…
In the wake of a momentous resolution, the Thai government pledges to grant farmers the ability to transform their Sor Por Kor 4-01 documents into legal title deeds, encompassing over 22 million rai of land. This rollout is expected to commence in the dawn of the forthcoming year. Last week, on October 12th, the Agricultural Land Reform Committee (ALRC) offered its support in principle to a proposal designed to modify existing protocols to sanction the said conversion for land reform paper holders. As elaborated by the influential Agriculture and Cooperatives Minister, Capt Thamanat Prompow, facilitating this conversion is being envisaged as a New Year gift for the nation’s farmers. The intended first batch of title deeds is set to be issued by January 15th. Additionally, Capt Thamanata is confident that within the span of a year, all farmers across the country’s 70 provinces will be presented with title deeds by…