Wednesday , September 19 2018
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Thailand

Accused wildlife smuggling kingpin caught

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Police have arrested a suspected wildlife trafficking kingpin said to be behind much of the illegal trade in Asia for over a decade, officials said. The arrest of Boonchai Bach, a Thai of Vietnamese descent, cracks open the “largest wildlife crime case ever” in the country, the anti-trafficking group Freeland Foundation said in a statement. “It’s like catching one of ... Read More »

10 smuggling ‘rat routes’ identified along Kelantan-Thai border [NSTTV]

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RANTAU PANJANG: Authorities here have identified 10 ‘rat routes’ used by smugglers along the Kelantan-Thai border during the monsoon season. The routes, which fall under Ops Wawasan and Ops Merpati areas, were uncovered beginning June this year and will likely be favoured by smugglers between now and the end of the year. “The incidence of smuggling increased in June and ... Read More »

Ivorian woman with 1kg cocaine in stomach held at Thai airport

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A 27-year-old woman from the Ivory Coast has been arrested on the Thai island of Phuket after an airport X-ray found more than one kilogramme of cocaine in her stomach wrapped in scores of small packets. The woman was stopped by officials late Wednesday night at Phuket’s international airport after landing on a flight from Doha. An X-ray revealed more ... Read More »

UTCC And KTB Forecasts 4.5% GDP Growth Throughout 2018

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The University of the Thai Chamber of Commerce (UTCC) forecast the Thai economy will grow by 4.5-5% throughout this year and Krungthai Bank (KTB) has maintained Thailand’s economic growth forecast for this year at 4.5 percent. BOT Governor Veerathai Santiprabhob said that, according to the National Economic and Social Development Board, the Thai economy in the second quarter of 2018 ... Read More »

UTCC And KTB Forecasts 4.5% GDP Growth Throughout 2018

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The University of the Thai Chamber of Commerce (UTCC) forecast the Thai economy will grow by 4.5-5% throughout this year and Krungthai Bank (KTB) has maintained Thailand’s economic growth forecast for this year at 4.5 percent. BOT Governor Veerathai Santiprabhob said that, according to the National Economic and Social Development Board, the Thai economy in the second quarter of 2018 ... Read More »

Alibaba Initiates $3Bln Partnership With Thai Gov In Support Of Thailand 4.0

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The e-commerce giant’s executive chairman, Jack Ma, was in Thailand this week and has become the first big name to join Thailand’s plan to upgrade its economy known as Thailand 4.0. According to Jack Ma statement during a press conference held in Bangkok, the group’s investment in Thailand will be at least US$3 billion (93.6 billion baht) over the next ... Read More »

Ivorian woman with 1kg cocaine in stomach held at Thai airport

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A 27-year-old woman from the Ivory Coast has been arrested on the Thai island of Phuket after an airport X-ray found more than one kilogramme of cocaine in her stomach wrapped in scores of small packets. The woman was stopped by officials late Wednesday night at Phuket’s international airport after landing on a flight from Doha. An X-ray revealed more ... Read More »

World Bank Raises Thai Growth Forecast To 4.1 Per Cent

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The World Bank has revised up Thailand’s economy growth this year to 4.1 per cent from its previous estimate of 3.6 per cent given the country’s robust performance. The bank has also revised up its forecast of Thailand’s economy in the year 2019 and 2020 to 3.8 per cent for both years, up from its previous estimate of 3.5 per ... Read More »

Thai military called in to halt garlic smuggling

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Thailand’s military has been called in to tackle garlic smuggling after local prices plunged. The country is facing an allium crisis as garlic is being illegally moved across its borders from neighbouring countries. Military officers are working with the customs department and the commerce ministry to try to stamp out the smuggling, Boonyarit Kalayanamit, director-general of the internal trade department, ... Read More »

Thai Customs seize 10,000 litres of fuel smuggled from Malaysia

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SONGKLA: The Ninth Division of Customs Department in southern Thailand has seized more than 10,000 litres of petrol and diesel believed to have been smuggled from Malaysia and detained seven people to allow investigations. Its director, Manoch Phitak, said the seizure was the result of the department’s operation carried out. “Illegal fuel distributors in southern Thailand are taking advantage of ... Read More »

Thai woman arrested for allegedly smuggling crystal meth into Semarang

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Airport personnel in Semarang, Central Java, thwarted an alleged drug smuggling attempt by a Thai national, according to the provincial branch of the National Narcotics Agency (BNN). Wilaiwan Boonyiam, 22, who hails from Nakhon Pathom province in Thailand, was caught by customs officials at Ahmad Yani International Airport with 1.6 kilograms of sabu sabu (crystal methamphetamine). “Boonyiam flew from Bangkok ... Read More »

Accused wildlife smuggling kingpin caught

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Police have arrested a suspected wildlife trafficking kingpin said to be behind much of the illegal trade in Asia for over a decade, officials said. The arrest of Boonchai Bach, a Thai of Vietnamese descent, cracks open the “largest wildlife crime case ever” in the country, the anti-trafficking group Freeland Foundation said in a statement. “It’s like catching one of ... Read More »

Thailand Targets New Crypto Taxes While Others Move to Ease Burdens

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An increasing number of countries are looking at the cryptocurrency space, with three national governments launching efforts to regulate and examine projects in the last two weeks. – with a particular focus on tax policy. As might be expected, some jurisdictions – especially in the Asian market – have moved to clarify the rules that crypto-traders must follow when reporting ... Read More »

Airbus And THAI Sign Joint Venture MRO In U-Tapao

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Airbus and Thai Airways International (THAI) have signed an agreement to establish a new joint venture maintenance and overhaul (MRO) facility at U-Tapao International Airport near Bangkok. The accord was signed today at Airbus headquarters in Toulouse by Usanee Sangsingkeo, Acting President, THAI; and Eric Schulz, Chief Commercial Officer, Airbus, in the presence of Prayut Chan-o-cha, Prime Minister of Thailand ... Read More »

Bangkok Bank Confident On Asean Growth Despite Trade Tensions

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The President of Bangkok Bank spoke today at the AEC Business Forum 2018, expressing confidence in the ASEAN economy despite the escalating trade war between the United States and China. Bangkok Bank President Chartsiri Sophonpanich spoke of the economic potential of ASEAN, despite concerns over the trade dispute between the US and China. He believes the dispute won’t affect ASEAN, ... Read More »

World Bank Raises Thai Growth Forecast To 4.1 Per Cent

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The World Bank has revised up Thailand’s economy growth this year to 4.1 per cent from its previous estimate of 3.6 per cent given the country’s robust performance. The bank has also revised up its forecast of Thailand’s economy in the year 2019 and 2020 to 3.8 per cent for both years, up from its previous estimate of 3.5 per ... Read More »

Thailand ‘must prepare ground for challenges ahead’

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THAILAND faces many challenges ahead as it seeks to transition the country to succeed in the era of automation and digitalisation with the 4.0 initiative. The country needs to prepare itself to meet Thailand 4.0’s manufacturing environment as well as respond to the expansion of Chinese investments and those from global investors into the Kingdom, said Markus Lorenzini, president and ... Read More »

World Bank Raises Thai Growth Forecast To 4.1 Per Cent

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Thailand’s economy is expected to grow by 4.1 percent in 2018, the fastest pace since 2012, says the latest edition of the World Bank’s Thailand Economic Monitor The World Bank has revised up Thailand’s economy growth this year to 4.1 per cent from its previous estimate of 3.6 per cent given the country’s robust performance. The bank has also revised ... Read More »

Thailand’s Economy Remained Strong In Q1 2018

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Thailand’s economy has recovered strongly in the first quarter of 2018 supported by healthy growths in the export and tourism sector. Exports in the first three months have jumped up 11.3 percent year on year, representing a seven-year high and it remains a driving force of the economy this year, said Pornpen Sodsrichai, director of macro economy department of Bank ... Read More »

Airports of Thailand to invest US$3.9b in new airports, handle more passengers

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[BANGKOK] Airports of Thailand PCL , a major beneficiary of the country’s tourism boom, is adding new airports to its portfolio to ease demand, President Nitinai Sirismatthakarn told Reuters on Monday. The influx of tourists has lifted revenue and the share price, but is putting pressure on infrastructure and services. “Demand is outpacing supply,” Mr Nitinai said adding that AOT ... Read More »