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THAI.NEWS - Thailand Breaking News

Tropical Storm Trami Brings Heavy Rain to Northeastern Thailand: Latest Weather Updates

Tropical Storm Trami, having bid farewell to Vietnam, is now making its watery journey across the South China Sea, leaving a mark of rain in northeastern Thailand this Monday. According to the Meteorological Department, under the insightful eye of Sukanyanee Yawinchan, the acting director-general, Trami departed central Vietnam at the early hours of 4 a.m. with its stormy heart positioned about 30 kilometers northeast of Da Nang, gearing up for its northeastward adventure. With wind speeds flirting around 65 kilometers per hour, Trami swirls onward at a leisurely pace of 10 kilometers per hour, ensuring it’s Thailand-free, much to the relief of Ms. Sukanyanee. However, it’s far from shy, promising a generous dollop of heavy rains across the eastern realm of the Northeast on this rainy Monday. Specifically, the names on its drizzle list include Amnat Charoen, Mukdahan, and Ubon Ratchathani provinces, though predictions say Trami plans to mellow out…

Celebrating Visionary Leadership: Natira Boonsri, Disathat Panyarachun, and Woraphot Thavornwan as Bangkok Post CEOs of the Year 2024

The ‘Bangkok Post’ continues its series of ‘Bangkok Post CEO of the Year 2024’ accolades, spotlighting executives who have made significant waves in their respective industries. Today, we honor three visionary leaders whose exceptional contributions have reshaped the business landscapes of Thailand and beyond. This cohort includes Disathat Panyarachun of PTT Oil and Retail Business Public Company Limited (OR), a champion of sustainable business leadership; Woraphot Thavornwan of Lenovo Thailand and Rest of Indochina, a beacon of transformational tech leadership; and Natira Boonsri of Central Department Store Group, who exemplifies retail transformation excellence. Natira Boonsri: Redefining Retail Luxury At the heart of Thailand’s retail revolution is Natira Boonsri, CEO of the Central Department Store Group (CDG), a key player under Central Retail. With an impressive nearly two-decade tenure in retail, Natira has become synonymous with innovation and transformative projects that demand attention. One of her crowning achievements is the radical…

Understanding Fixed and Floating Spreads: Optimize Your Trading Strategy in 2024

In the exhilarating whirlwind of financial trading, spreads stand as the unsung heroes, silently steering your trading boat towards either prosperity or peril. Whether you’re an expert sailor on these high seas or nervously stepping onboard for the first time, grasping the concept of spreads is your compass to long-term trading success. So, hoist the sails as we explore the depths of spreads—those dynamic differences that lie between fixed and floating, each with their own unique perks and peculiarities to navigate. Understanding these nuances will chart your course through the turbulent trading waters, align your tactics with your fiscal aspirations, and help keep your prized cargo intact. Unveiling the Spread: The Backbone of Trading In the grand theater of financial shenanigans, the “spread” is akin to a backstage crew member—vital, yet often overlooked. It’s the magic space between the curtain of the bid price (sell) and the ask price (buy)…

Natira Boonsri: Transforming Thailand’s Retail Landscape at Central Department Store Group

In the bustling heart of Southeast Asia, where shopping is practically a national pastime, one woman stands at the helm of innovation and reinvention. Meet Natira Boonsri, the dynamic Chief Executive Officer of the Central Department Store Group (CDG) under Central Retail. With two decades under her belt in the rollercoaster world of retail, she’s helmed the iconic Central and Robinson Department Stores, driving them into the modern age and beyond, and making her mark on Thailand’s luxury retail landscape. Through her visionary lens, Natira transformed Central Chidlom, an epitome of shopping grandeur since 1973, into what she proudly dubs “The Store of Bangkok.” Her extraordinary ability to pivot and adapt in the ever-shifting market landscape is evident in this flagship project, cementing it as a hallmark of luxury shopping in Thailand. Natira’s journey to the pinnacle of retail began with a Bachelor’s degree in Economics from Boston College, followed…

Woraphot Thavornwan: Transforming Lenovo Thailand with Innovation and Vision in 2024

Imagine a bustling, tech-savvy environment in Thailand where the hum of technology is interwoven into the fabric of life. At the helm of this transformation is none other than Mr. Woraphot Thavornwan, the charismatic leader steering Lenovo Thailand into uncharted territories of innovation and excellence. Lenovo Thailand, under the strategic guidance of its formidable general manager, Mr. Woraphot, has metamorphosed from a mere computer hardware entity into a dynamic AI-powered services and solutions powerhouse. This shift is not just about keeping pace with market maturity; it’s about setting sails towards a sustainable, intelligent future. And when it comes to the Asia-Pacific, Thailand stands proudly as one of Lenovo’s crowning jewels, all thanks to Mr. Woraphot’s visionary leadership. His journey within Lenovo commenced with a pivotal appointment in 2020 as the director of the consumer business division in Thailand. His forward-thinking approach catapulted the consumer and retail sectors to new heights.…

Disathat Panyarachun Leads PTT OR’s Bold Expansion into Healthcare, Beauty, and EV Sectors

In a bold gambit to diversify its business portfolio, the revered PTT Oil and Retail Business Plc (OR) is charting new waters, aiming to disrupt the conventional oil and retail industry. The innovative transformation led by the dynamic Disathat Panyarachun, OR’s Chief Executive Officer, is focusing on healthcare, beauty, and electric vehicle (EV) sectors. But can this exploratory venture prove as lucrative as predicted? Mr. Disathat remains optimistic, believing the diversification will secure new revenue streams for the company. Technological advancements inevitably bring disruption, urging many companies to adapt or fade into obsolescence. Disathat Panyarachun insists that waiting for disruptions to emerge is a risk too great. He emphasizes that proactive self-disruption is the key to survival and growth. OR’s strategic expansion beyond its traditional oil-based operations into non-oil sectors is an execution of this belief, aiming to capture the evolving demands of a modern society shifting its gears towards…

Elevated N Expressway Decision: Bangkok’s Infrastructure Debate Intensifies

The bustling thoroughfare of Kaset-Nawamin Road was abuzz with activity as onlookers pondered the future of the long-awaited elevated N Expressway. Glimpses of the project’s ambitious foundations rose into sight but so too did the questions surrounding its financial viability. As the Expressway Authority of Thailand (Exat) stands at a fiscal crossroads, a controversial underground proposal hangs in the balance, igniting debates and inspiring whispers across the cityscape. In the executive halls of Exat, an agile discourse unfolded where Governor Surachet Laophulsuk illuminated the agency’s strategic pause. The board’s verdict, following an extensive study, suggested shelving the underground route idea to replace a contentious slice of the N1 Expressway development. The equity internal rate of return (EIRR) painted a tempting portrait at 19.2%. However, the financial internal rate of return (FIRR) revealed the grim reality—a negative outlook, hinting at colossal fiscal demands. Governor Surachet’s candid revelation about the 50 billion…

Global Impact of The iCon Group Scam: Victims Seek Justice Under Ittidet Thaneswatana’s Leadership

In the heart of bustling Bangkok, within the walls of the Crime Suppression Division, the atmosphere was as tense as a high-stakes poker game. Rows of flickering CCTV screens bore witness to a stream of worried faces. These were not just any faces; they were the faces of people entangled in the pernicious web of The iCon Group pyramid scheme. The reach of this scheme was like an indiscriminate storm, unleashing chaos far beyond Thailand, spilling over international borders and impacting lives on a global scale. As of Saturday, a staggering 9,469 individuals had come forward as victims, and their collective misfortune amounted to losses of approximately 2.9 billion baht. It’s not the kind of loss you write off easily, especially when those affected stretch across the globe in nearly 20 countries and territories. Leading the charge for justice, like a modern-day knight carrying an iPad instead of a sword,…

Youth Activist Rally Challenges Thailand’s Casino-Entertainment Complex Initiative

In a scene of youthful fervor and civic engagement, young activists convened near the iconic Government House last month, vocally opposing a proposal to introduce casinos across the nation. Despite their protests, the Finance Ministry remains poised to negotiate with its government coalition allies to push forward an ambitious casino-entertainment complex initiative. This project is a key component of the Pheu Thai-led regime’s policy framework, as Deputy Finance Minister Julapun Amornvivat elucidates. However, Mr. Julapun wisely emphasizes that there’s no hasty rush to implement this controversial plan, as the pressing issue of flood recovery in the Northern regions takes precedence. Still, strategic talks are slated with coalition entities to ensure a unified stance before any tangible progress is made. The concept of legally operating casinos within entertainment complexes has managed to garner favorable reactions during the public consultation phase mandated by Section 77 of the constitution. Plans are in motion…

Shine Muscat Grapes Warning: TCC Urges FDA Action Over Chemical Contamination

Picture this: the irresistible allure of Shine Muscat grapes, those plump, juicy jewels that might have you dreaming of their sweet taste and refreshing burst of flavor. But hold on a moment! Before you pop one of those grapes into your mouth, there’s a rather unsettling twist in the tale. The Thailand Consumers Council (TCC) is raising the alarm and urging the Food and Drug Administration (FDA) to step up and take legal action against importers of these tantalizing grapes. Why, you ask? Well, shocking lab test results have shown that some samples are contaminated with chemicals that are strictly off-limits in Thailand. Picture this scene: the TCC, on a quest for safety, rigorously tested 24 samples of the delightful Shine Muscat grapes. To their dismay, they discovered that 23 out of these 24 samples were harboring dangerous chemical residues well beyond what the law considers safe. Detectives in the…