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Thailand

Man arrested at Thai airport after ‘swallowing 1,200 grams of cocaine’

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Glenn Chibasellow Ooko, 43, was arrested at Suvarnabhumi International Airport this week after it was discovered he has 1,200 grams of the drug on him. Nigerian national Joseph Ukpa Osita, 40, who allegedly hired him to bring drugs into Southeast Asian countries was later arrested in Bangkok. Office of the Narcotics Control Board (ONCB) chief Niyom Termsrisuk said airport task ... Read More »

Thailand’s Two Significant Industries to be Showcased At Bangkok RHVAC 2019 and Bangkok E&E 2019

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The Department of International Trade Promotion (DITP), Ministry of Commerce joined hands with the Air-conditioning and Refrigeration Industry Club and the Electric and Electronic Industry Club, the Federation of Thai Industries to stage the Bangkok Refrigeration, Heating, Ventilation and Air-Conditioning 2019 (Bangkok RHVAC 2019) and the Bangkok Electric and Electronics 2019 (Bangkok E&E 2019), a significant trade arena for Thai ... Read More »

Man arrested at Thai airport after ‘swallowing 1,200 grams of cocaine’

PRC_81039666

Glenn Chibasellow Ooko, 43, was arrested at Suvarnabhumi International Airport this week after it was discovered he has 1,200 grams of the drug on him. Nigerian national Joseph Ukpa Osita, 40, who allegedly hired him to bring drugs into Southeast Asian countries was later arrested in Bangkok. Office of the Narcotics Control Board (ONCB) chief Niyom Termsrisuk said airport task ... Read More »

Thais warned against smuggling drugs into Japan

US customs arrests 9 Mexican nationals for smuggling drugs

Thai travellers have been warned of the dangers of smuggling illicit drugs into Japan, amid a “shocking” increase in the number of Thais arrested there for trafficking. The Thai embassy in Japan said visitors should be aware of the harsh penalties for drug trafficking, and also warned travellers not to carry items into Japan for other people. The embassy statement ... Read More »

Weekend RCEP meeting move closer to the world’s biggest trading bloc

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Whilst the UK looks to walk away from the EU trade bloc and the US continues to ramp up the trade war with China, the formation of the Regional Comprehensive Economic Partnership (RCEP), which would be the largest trade bloc in the world, continues to gather pace. The RCEP, initiated by ASEAN in 2012, is a proposed free trade agreement ... Read More »

Thailand’s currency keeps getting stronger and that’s sparking concerns

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The Thai baht has soared against the U.S. dollar this year, significantly more than many other emerging market currencies. That strength, however, is sparking concerns as the country’s domestic economy weakens, analysts said. Since the beginning of this year, Thailand’s currency has jumped more than 5% against the dollar. On a year-over-year basis, it has bounded even higher — nearly ... Read More »

Singapore businesses see sharp downturn on trade war

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SINGAPORE: With no let-up apparent in global and regional trade tensions, Singapore’s business community has slashed its expectations for the near-term economic outlook. “Because we are hugely export-dependent, because of the slowing down in the economy, because of tension, because of loss of business confidence — we need to adjust” growth expectations, Ho Meng Kit, chief executive officer of the ... Read More »

Economists predict Thai exports could fall 3.1% this year

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Economists are forecasting that Thailand’s exports will drop by up to 3.1% for 2019 after June figures fell when compared to the same period last year. After the Commerce Ministry reported a 2.1% fall in June, the SCB Economic Intelligence Centre projected the country’s exports will drop this year by between 1.6-3.1%. “Although the US-China trade meeting after the G20 ... Read More »

Thai chicken exports boosted by Chinese demand

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Thai exports of fresh and processed chicken totalled 390,000 tonnes in the first five months of 2019, up 15 per cent from the same period of last year, according to the Thai Broiler Processing Exporters Association on Monday. The association’s manager, Kukrit Arepagorn, attributed the rise to growth in demand from China, which imported 25,000 tonnes of Thai chicken products ... Read More »

Thailand wants to restrain the world’s strongest currency

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Thailand’s central bank is fretting over the world-beating surge in the nation’s currency. Related departments at the Bank of Thailand are looking at possible measures as the monetary authority is “worried” about the baht’s comparative strength, its senior director Don Nakornthab told reporters in Bangkok on Wednesday. He also said that there’s room for an interest-rate cut, while adding the ... Read More »

Human trafficking suspected as 65 Rohingya Muslims are found shipwrecked in south Thailand

A fishing boat which according to officials was smuggling Rohingya refugees is seen stranded at Rawi island, part of Tarutao national park in the province of Satun, Thailand, bordering with Malaysia, June 11, 2019. Department of National Parks Wildlife and Plant Conservation/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES

BANGKOK: Thai officials said they discovered 65 ethnic Rohingya Muslim refugees who were shipwrecked and stranded in southern Thailand. The chief of Tarutao National Marine Park, Kanjanapan Kamhaeng, said the boat carrying the Rohingya was found after several Thai and Myanmar citizens told park officials their ship had broken down. They initially denied they were transporting Rohingya. Kanjanapan said the ... Read More »

Myanmar, Thailand sign agreement to facilitate overland trade

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Overland cross-border trade between Myanmar and Thailand will officially commence at the end of July following an agreement to allow vehicles from both sides across the border to facilitate the transportation of goods between the two countries. The agreement, which followed discussions that started a year ago, will see the governments of both countries issue licenses to logistics companies to ... Read More »

‘Freed SA drug mule stuck in Thailand as Home Affairs drags its feet’

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The Department of Home Affairs has been accused of dragging its feet for two weeks, leaving a freed South African drug mule to languish at a Thailand detention centre, The Star Reported. DispatchLive reported on Wednesday that Thando Pendu, 33, from Welkom in the Free State, was now a free woman after she was released from Bangkok’s Klong Prem prison ... Read More »

IGP: Migrant smuggling ring crippled, 11 arrested

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Police have crippled a migrant smuggling syndicate following the arrest of 11 people, including three Malaysians. The arrests were made at the Padang Besar Customs, Immigration and Quarantine Complex and two other locations in the Klang Valley. Inspector-General of Police Datuk Seri Abdul Hamid Bador said the syndicate, which had been active since mid-2018, was using Malaysia as a transit ... Read More »

Commerce Ministry working on trade row buffers

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The Commerce Ministry is set to propose short, medium and long-term measures to cope with the impact of the deepening trade row between the US and China at the International Economic Policy Committee meeting chaired by Prime Minister Prayut Chan-o-cha on June 11. Chutima Bunyapraphasara, the acting commerce minister who chaired Wednesday’s joint meeting with the private sector to evaluate ... Read More »

April factory output unexpectedly rises 2.03% y-o-y

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Thailand’s manufacturing production index (MPI) in April unexpectedly rose 2.03% from a year earlier, led by higher production of cars and air conditioners, the Industry Ministry said on Tuesday. That compares with a forecast fall of 1.0% in a Reuters poll, and against March’s revised 2.66% decline. Capacity utilisation was at 63.89% in April, down from March’s revised 74.25%. Due ... Read More »

Trade spat hands Thailand chance to lure more Chinese

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Thailand’s tourism sector is expected to get a windfall from the growing tension between the US and China as tourists from the mainland shorten their long-haul journeys to visit closer destinations instead. Thailand will monitor whether the Chinese government will issue a travel ban to the US for its residents, similar to those issued prohibiting visits to South Korea and ... Read More »

Thai exports continued to contract in March

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The value of Thai exports dropped by -4.9%YOY in March 2019, a contraction continuing from February 2019 with -3.4%YOY growth (excluding one-time shipments of arms and military weapons sent back to the US). As a result, declining export growth in March 2019 registered a 5 consecutive months drop. EIC revises down import growth for the year 2019 to 3.2% from ... Read More »

Thailand’s richest man, 12 others to build US$6.8 billion high-speed rail

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BANGKOK: Thai conglomerate Charoen Pokphand Group (CP) and 12 other companies were selected to build a US$6.8 billion high-speed train project that will link three major airports in the country, the government said on Monday (May 13). The committee, chaired by Thai Prime Minister Prayuth Chan-ocha, chose a joint investor for the public-private partnership that required the lowest amount of ... Read More »

Thailand slashes 2019 exports estimates as trade war escalates

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Thai exporters are expected to pay a heavy price as the ramping up of the US-China trade war continues. The US has now launched a new round of tariffs on Chinese imports. Last Friday US President Donald Trump tweeted: “Talks with China continue in a very congenial manner, there is absolutely no need to rush, as Tariffs are NOW being ... Read More »