Roll up, roll up, to the grand assembly of economics at play! On a fine Tuesday morning, the majestic Government House will become the stage for a critical gathering helmed by none other than the esteemed Prime Minister and Finance Minister, Srettha Thavisin. Prepare for a decadent display of deliberation, as the main course of the day’s menu revolves around a dish best served financially viable: the hot topic of minimum wage adjustments. Tapping into the heartbeat of the nation’s labor force, a tripartite committee — a harmonious blend of employer, employee, and government sector representatives — has stirred the pot after their Friday agreement. They tossed a proposal into the ring to spice up the daily minimum wage, set to be served up at a hearty 330 to 370 baht, with each province savoring its own financial flavor from January 1, 2024. This entails a fiscal garnish ranging from…
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Welcome to the scintillating world of cutting-edge innovation, where the future of transportation sparkles brighter than the constellations above. We’re hot off the trail of the 40th Thailand International Motor Expo, an event that transformed the Impact Challenger halls, Muang Thong Thani into an automotive wonderland from November 29 to December 11. This bustling expo, nestled in the heart of Nonthaburi province, has once again outdone itself, becoming the crystalline showcase where the dreams of car enthusiasts and the visions of automakers align. In true Motor Expo fashion, the final day became the crescendo of excitement, clocking in a staggering 8,459 bookings. According to the organisers, who could barely contain their enthusiasm while sharing these figures with the press, the spotlight was firmly on the sleek, whisper-quiet world of electric vehicles (EVs). Among these electrified marvels, the vehicles that ignited the most sparks of interest were the ones proudly presented…
Imagine a Thailand lush and verdant, skimming the clouds with its endless shades of green, a land resilient against the warming whisper of climate change. It’s not a scene from a fantasy novel, but the future vision Thailand is diligently crafting with its updated National Adaptation Plan (NAP). Now close your eyes and picture water being managed with the precision of a symphony, agriculture flourishing in tune with the earth’s rhythms, and public health safeguarded with the shield of forethought and innovation. The Land of Smiles is orchestrating a masterpiece, blending tradition with technology, in its quest to combat the relentless challenge that is climate change. By the year 2025, the bustling streets and serene paddies of Thailand won’t just be scenes of cultural allure; they’ll be the backdrop to a nation that has peaked its emissions, setting a new bar for environmental trailblazers worldwide. They stride further towards a…
In the captivating panorama of the sporting world, a tale unfurls that beckons intrigue, accomplished feats, and now a shroud of controversy. Whispered amongst the bustling streets of Khon Kaen province, a story emerges with a character larger than life: Somrak Khamsing, also recognized by the moniker “Mai Dai Mo,” which means “I wasn’t bragging.” A figure that has vaulted from acclaim to an alleged participant in a scandalous affair. To divulge further into this narrative, we delve into the life of the venerable Thai kickboxer, who once brandished the nation’s pride on the grandest pedestals of sport. Born into the embrace of a humble family in the realm of Khon Kaen on January 16, 1973, Somrak was imbued with the tenacity and fortitude of a middling child among three siblings. The flame of Muay Thai was kindled early in his heart, stoked by his father’s own fervor for the…
On a seemingly ordinary Monday, under the clear skies of Satuk district, the Katchan family embraced the day with a zest for life and a collective endeavor in mind. Wiriya Katchan, a 45-year-old with a vision for improving his abode, embarked on a simple journey alongside his spirited daughter Nucharin, 23; his young nieces, aged just 14 and 11; and their adventurous 8-year-old cousin. The family rode with laughter and chatter on an old but reliable tractor, eager to procure the raw touch of the river sand that would become part of their home. But the earth and rivers hold unspoken secrets, and what promised to be a day filled with familial bonding and the joy of nature took an unforeseen turn. Wiriya’s beloved, Bang-Orn, became a widow with an aching heart as the hands of time crawled to noon, each passing minute void of her family’s return. With a…
Welcome to the enthralling world of economic storytelling, where we weave through the ups and downs of currencies, and decipher the tea leaves of central bank maneuvers! Tiptoe no further; let’s dive into the latest saga where numbers tell tales and dollars flex against the mighty yen and baht! Once upon a recent time, the US job juggernaut threw a pleasant curveball, as employment statistics turned out to be heartier than a Thanksgiving feast. Our trusty protagonist, the US Federal Reserve, found itself caught in a plot twist, grappling with expectations that a rate reduction might be akin to putting the cart before the horse. The oracle of this twisty tale, Krungthai Bank’s very own forex guru, Poon Panichpibool, spun the yarn of the US unemployment rate’s daring dip from 3.9% to a striking 3.7% in the ‘novel’ month of November. The plot thickens! Nonfarm payroll employment, a character not…
Step right up, folks, and immerse yourself in the dazzling world of Thai eminence at the much-anticipated fair, an exhilarating fusion of culture, commerce, and creativity! This grand extravaganza is the brainchild of the illustrious trio: the Thai Chamber of Commerce, the Board of Trade, and Index Creative Village, and it gleams with the regal endorsement of the Royal Thai Embassy in Riyadh and the vibrant support of the Saudi Arabian Foreign Trade Office. Prepare to be whisked away on an enchanting journey through a treasure trove of high-quality Thai products and services that are second to none. Picture this: a bustling marketplace alive with the hustle and bustle of over 120 spirited Thai entrepreneurs, each a maestro in their respective field, unfurling a cornucopia of delights. From the zesty and tantalizing Thai food and beverages that dance on the taste buds to public health and healthcare services that promise…
Imagine stepping into a space where the air feels like a gentle, crisp breeze at the highlands, leaving the urban haze at bay. In bustling Bangkok, where the skyline is often shrouded in a dense cloak of PM2.5 particles, the MagikFresh project emerges as a breath of fresh air—quite literally. For the next six months, this pioneering initiative will transform a 100 square meter swathe of the city into a veritable clean air sanctuary amidst the relentless smog. A sterling venture between the Bangkok Metropolitan Administration (BMA) and the National Science and Technology Development Agency (NSTDA), MagikFresh is the silver lining for city dwellers yearning for a gulp of pure air. In the concrete jungle where traffic fumes dance with dust, MagikFresh rises as an outdoor haven for health and happiness. Whether you’re a yogi seeking serenity or a parent plotting playtime that won’t leave a cough, this project invites…
Whispers of change have been wafting through the corridors of power, but the latest voice to join the chorus staunchly dismisses the notion. “A reshuffle with our formidable 314 seats operative in the House? Preposterous,” he quipped with a hint of amusement. The assertion came straight from Phumtham’s lips, the formidable figure known as much for his verbal jousting as his political acumen, just prior to entering the pulse of the nation’s decision-making—the weekly Cabinet convergence on Tuesday. The stage seemed set for a day as any other, but it held the lingering echoes of the Democrat Party’s inner seismic shift from the weekend. The venerable party had finally quelled the suspense, crowning Chalermchai Sri-on as the captain of their ship following months of a seemingly unbridgeable rift that had previously thwarted two leadership ballots. Bringing his own flavor to the Commerce portfolio, Phumtham stood unwavering in the face of…
Picture this: a scene akin to a modern-day agora, where the modern gladiators of economy – representatives of employers, employees, and the governmental guardians – join forces on a committee. Their mission? To determine the fate of the daily minimum wage for workers across the land. Emerge from their ranks a resolution, sealed as the clock struck the end to a recent Friday’s dance, to boost the monetary welcome for the laborers. Starting with the sun’s first journey across the new year sky, the fruit of their toil would swell, pushing the boundaries from 330 to 370 baht, varying with the watershed where one might lay their head. Now, before you start picturing workers frolicking in streets lined with golden coins, let’s unpack those numbers. In the grand scheme of things, we’re looking at an increment somersaulting between 2 and 16 baht – we’re talking about a modest hike here,…