Based on financial criteria set in 2017, the bar for monetary scarcity was established at 2,686 baht per individual per month, and was raised to 2,803 baht per month per person by 2021. Examining this elevation is crucial in assessing the four-year tenure of Thailand’s former premier, Prayut Chan-o-cha, and his flagship 12th National Economic and Social Development Plan. Fortunately, the findings of the report note a diminishing trend in poverty levels throughout these four years. How compares the two extreme periods? In 2017, it was estimated that for every hundred Thai citizens, about 7.87 lived on a budget of or less than 2,686 baht per month. Contrastingly, by the year 2021, the numbers had improved, and only 6.32 out of every hundred Thais were falling below the poverty demarcation threshold, now pegged at a per capita monthly income of 2,803 baht. This achievement satisfyingly superseded the goal of the…
THAI.NEWS - Thailand Breaking News
In a fruitful dialogue with Elon Musk, Thailand’s Prime Minister Srettha Thaugsuban highlighted his eager intent to foster high-impact investments in his nation. With a special emphasis on the burgeoning electric vehicle (EV) segment and the exciting realm of space exploration, the PM lauded the joint vision of a cleaner, more sustainable world that this partnership might bring forth. Srettha expressed high hopes that this collaboration would bear fruit not just for Thailand’s native shores but resonate on a global scale. The enormous market potential that the EV and space exploration sectors present is undeniably clear and appealing. The Tesla executives seemed to reciprocate the positive vibes, expressing admiration for Thailand’s impressive human resource reservoir, a critical factor that aligns well with Tesla’s ambitious investment blueprint. The forward-thinking Thai government, along with its subsidiary agencies, stands prepared to extend full support, backed by a conducive legal framework, for benefits stemming…
Recently, in the heart of Thailand, an insightful seminar was conducted at the renowned Grand Hyatt Erawan Bangkok. Amongst the attendees were esteemed individuals from diverse fields, coming together to address one of the synchronic problems faced by the world – climate change. Throughout the discussions, it was unanimously acknowledged that climate change has widespread repercussions that spread beyond national borders. It is an issue that has merited concern from global authorities, leading them to explore initiatives aimed at mitigating greenhouse gas emissions. Some key examples mentioned during the seminar were the European Union’s cutting-edge Carbon Border Adjustment Mechanism (CBAM), and America’s Clean Competition Act. Reputed businesswoman, Wannipa Bhakdibutr, the CEO of Osotspa, emphasized the importance of collective effort in facilitating sustainable development and working towards achieving carbon neutrality. According to her, guidance from regulatory bodies is essential to navigate the path towards sustainability, especially for Small Medium Enterprises (SMEs).…
In an attempt to stimulate tourism and improve international relations, the Thailand government has announced a pilot project which allows travellers from China and Kazakhstan to explore the richness of Thailand without any visa requirement for a period of five months until the 29th of February. This program has been the subject of extensive discussion and planning, spearheaded by Transport Minister Suriya Juangroongruangkit and Airports of Thailand (AOT) executives, aiming to make foreign travels hassle-free, particularly aligning with China’s National Day holidays scheduled on October 1. The Ministry of Transport has anticipated an impressive surge in inbound flights from both these countries during this visa-free duration. The projections suggest that the average daily flights from China would amplify from 72 to 96, and Chinese arrivals would escalate from the current 9,680 to an astounding 18,656 per day. Minister Suriya has urged the AOT and associated agencies to readily equip themselves…
Buzzing with heated debates, the Thai online world has recently seen an uproar ignited by a seemingly trivial yet significantly problematic photo representation of an ostensibly ‘disabled-friendly’ passage. A baffling sight, the image displayed an accessibility sign for wheelchair users installed inconveniently and insensitively in the midst of a bumpy, poky sidewalk, its functionality further hindered by an electricity pole stealthily lurking in the turmoil. Mysteriously, the locale remained unidentified, prompting netizens to put sustained pressure on local governance structures for immediate intervention and rectification of the glaringly evident error. The photograph essentially painted a discouraging picture of the negligence towards essential public services catering to the differently-abled. The image, blatantly showcasing a handicap sign affixed to a treacherous pavement, rekindled immense discussions across various online platforms. It was a vivid representation of the overlooked hurdles that differently-abled individuals, specifically those reliant on wheelchairs and those struggling with sight impairments,…
In a shocking turn of events, a young girl of 14, pseudonymously referred to as “A”, had the lamentable ordeal of being sexually assailed by two minors out of a group of five. Further compounding the horror, it was divulged that she is now expecting as a result of this crime. The matter was reported to law enforcement officials at the Khlong Luang Police Station at approximately 11 o’clock in the morning today. A representative named Cholada Butwicha, from a support group aptly named Survive, along with the unfortunate minor’s aunt, brought “A” forward, presenting the case to Adisak Kotchasak, a seasoned investigative officer presiding at the Khlong Luang Police Station. Steps are now being taken to apprehend the five adolescents tied to this horrific incident. Cholada, speaking for the victim and her family, stated that the minor’s aunt had sought help from the Survive group just the day before…
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…
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…