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Thailand
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Regional markets dip on valuation concerns
Read more: Regional markets dip on valuation concernsRECAP: Asian equities declined on Friday after a rally in US stocks stalled amid concern that valuations have become stretched, especially for technology companies, following a relentless surge.
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Thai exporters urged to focus on US
Read more: Thai exporters urged to focus on USAs new US tariffs are placed on imported lumber furniture, Deesawat Industries Co, a Thai wooden furniture manufacturer, is urging Thai companies not to abandon the US market, but rather enhance their presence there.
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Surge in demand for jet fuel during first 5 months
Read more: Surge in demand for jet fuel during first 5 monthsJet fuel led energy consumption in Thailand from January to May this year, with usage increasing by 12.3% year-on-year over the first five months of 2024, surpassing demand for other fuels in the transport and manufacturing sectors, said the Department of Energy Business.
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Export value could take B200bn hit
Read more: Export value could take B200bn hitThailand is expected to lose roughly 200 billion baht in export value this year if the US imposes tariff rates of 25-36% on Thai products, according to the University of the Thai Chamber of Commerce (UTCC).
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Phuket sees 5.85 million visitors in first 5 months
Read more: Phuket sees 5.85 million visitors in first 5 monthsRussians, Chinese and Indians were Phuket’s largest groups of tourists in the first five months of this year, generating around 223 billion baht in revenue, says the Tourism Authority of Thailand (TAT).
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Border relations improving, says regional army chief
Read more: Border relations improving, says regional army chiefThe mood on the Thai-Cambodia border has shown signs of improvement since the May 28 clash that sparked tensions, with the militaries of both countries maintaining communication to prevent further misunderstandings, according to Lt Gen Boonsin Padklang, commander of the Second Army Region.
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Safety fears, not casinos, keeping Chinese away, argues Paetongtarn
Read more: Safety fears, not casinos, keeping Chinese away, argues PaetongtarnSuspended prime minister Paetongtarn Shinawatra has denied Chinese President Xi Jinping discouraged Chinese from visiting Thailand because of her party’s plan for legal casinos, saying that people’s safety was the prime concern.
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Two senior monks defrocked over sex videos
Read more: Two senior monks defrocked over sex videosTwo senior monks have been defrocked following the seizure of sex videos and over 80,000 images featuring sex between a woman and high-ranking clergy at well-known temples in Bangkok and other provinces.
