Thailand

Investing in Thailand’s property market might be a dream come true for some, but it turned out to be a nightmare for one Hongkonger. After the developer of a luxury home project in Phuket went bankrupt, she was faced with a startling loss of US$120,000 due to the country’s complicated consignment rules. This unexpected turn of events shows the dangers …

Thailand’s major opposition party, Pheu Thai, is facing dissolution after suffering stunning setbacks in previous elections. With allegations of election fraud and malfeasance circulating, Pheu Thai’s future is in risk, increasing concerns about Thailand’s democracy. Pheu Thai has been a major political force in Thailand, with significant support from rural and working-class people. However, the party’s defeat in key seats …

As Thailand’s tourism economy begins to recover, authorities are warning inbound visitors about the dangers of smuggling in cheap fruit, a practice known as fruit smuggling. Thailand, a major exporter of tropical fruits, has put in place measures to safeguard its agricultural business and encourage sustainability. However, some visitors may attempt to avoid these laws in order to save money, …

Thailand’s state-owned energy company, PTT, has announced a historic collaboration with a Saudi corporation to spend $7 billion in green hydrogen generation. This bold alliance seeks to harness the potential of renewable energy and hydrogen technologies to propel sustainable development and battle climate change. PTT’s investment in green hydrogen signifies a strategic shift toward more sustainable and ecologically friendly energy …

Since Wednesday, approximately 10,000 Burmese have fled to Thailand to escape the intense fighting between the military and elements of a powerful ethnic armed group, according to Thai authorities. The refugees are fleeing the pro-military militia-controlled town of Shwe Kokko, which is home to casinos owned by the Chinese. This is one of the most significant cross-border migrations since the …

According to a research by the Japan Center for Economic Research (JCER), the economic prognosis for Thailand and Malaysia is improving as a result of the tourism industry’s recovery and China’s robust demand. Thailand’s GDP growth is anticipated to increase to 3.5% in 2022, up from 2.2% in 2021, while Malaysia’s GDP growth is projected to increase to 4.8% in …

Klook, Asia’s travel and experiences platform, announced that it is seeing robust recovery in Thailand, with growth that has more than quadrupled for three consecutive quarters, highlighting the company’s strong momentum and dedication to driving Thailand’s tourist revival. With the elimination of travel restrictions and the reopening of all borders, interest in Thailand as a tourist destination continues to increase …

Thailand has attempted to reassure Chinese tourists that the country is a safe vacation destination in response to internet rumors about the possibility of human trafficking. “Thailand attaches great importance to the quality of Chinese tourists’ travels, their safety, and their favorable impression of Thailand,” the Thai embassy in Beijing said Thursday, adding that relevant departments would “take corresponding measures …

After a fatal explosion onboard a floating storage and offloading (FSO) vessel deployed on US supermajor Chevron’s Benchamas field offshore Thailand, government authorities are on high alert for a potential oil leak. One crew member was killed when seawater entered the FSO Benchamas 2’s hull due to a malfunctioning seal during routine repair. Chevron revealed to the media that a …

On March 17, 2023, it was reported that Khunying Wanna Sirivadhanabhakdi, wife of business magnate Chao Charoen Sirivadhanabhakdi, passed suddenly at 1:44 a.m. With more than fifty years of co-experience in real estate investment alongside her husband, Mr. Charoen Sirivadhanabhakdi, Khunying Wanna Sirivadhanabhakdi is one of the co-founders of TCC Group, which is one of the largest and leading conglomerates …