'Too early to judge govt': DPMPhumtham: '100 is the magic number'Deputy Prime Minister Phumtham Wechayachai hit back at criticism that the government's first 60 days in office had seen little improvement in the economy or helped reduce the cost of living. We will provide a full update on our work and plans when we have completed 100 days in office," he said. Asked if the prime minister preferred to work alone rather than delegate duties, Mr Phumtham said the prime minister has already assigned a full set of responsibilities to his six deputies. When asked about comments made by opposition parties, Mr Phumtham shrugged of the criticism as predictable. On Thursday evening, Prime Minister Srettha hosted a television special titled "From Policy to Action in 60 Days".

Many critics are also questioning if Pheu Thai and its key figures directly involved in driving the policy understand what soft power represents. Defending the government's soft power policy, Ms Paetongtarn on Tuesday explained what the government has been doing to develop and harness the country's soft power. In essence, it has studied how South Korea and the US have built soft power and mastered its use. In her attempt to give people a rough idea about soft power, the Pheu Thai leader picked a mint-choc drink, her favourite beverage, as an example. Somehow, Ms Paetongtarn's remark led some people to understand that mint-choc drinks might also be promoted as soft power.

Thai Airways posts fourth-straight profitThai Airways International aircraft at Suvarnabhumi Airport in Samut Prakan province on Sept 26, 2023. (Photo: Varuth Hirunyatheb)Thai Airways International Public Company Limited (THAI) reported a fourth-straight quarterly profit as passenger numbers continued to improve in the wake of the coronavirus disease (Covid), with extra impetus coming from travellers from China. Piyasvasti Amranand, THAI Chairman of the Plan Administrators, is speaking at a press briefing in Bangkok on Friday. (Photo: THAI)The national carrier's operating profit before finance cost and one-time items surged 97% last quarter to 7.72 billion baht. THAI is now in the process of rebuilding its operations, with about 65 aircraft in its fleet, compared with 103 pre-pandemic.

Consumer confidence reaches highest mark in 44 monthsPeople shop for goods at Wang Lang market near Siriraj Hospital in Bangkok on Sept 11. The University of the Thai Chamber of Commerce (UTCC) reported on Thursday the consumer confidence index rose to 60.2 in October, up from 58.7 in September, 56.9 in August and 55.6 in July. This scenario could hinder a recovery of the global economy, potentially leading to an economic downturn, he said. In a related development, the university also released the TCC Confidence Index, which gauges the sentiment of the business sector and chamber members in every province. The business sector views the government's stimulus policies as insufficient, leading to an unclear stimulus picture, he said.

(Bangkok Post file photo)The Supreme Court’s Criminal Division for Holders of Political Positions has postponed until Nov 29 the reading of its decision on an abuse of power case against fugitive former prime minister Yingluck Shinawatra. Winyat Chartmontree and Norawich Laelaeng, Yingluck’s lawyers, appeared at the Criminal Court to hear the ruling, only to be told that it had been postponed to Nov 29 at 1.30pm. Mr Thawil filed a petition with the Supreme Administrative Court, arguing the transfer order was illegitimate. The Constitutional Court subsequently ruled that Yingluck had illegally interfered in the transfer of government officials. Yingluck cried foul over the warrant, saying she had been the victim of relentless persecution in the Thawil case.

Visa exemptions yet to make a splashPassengers make their way through Satellite 1 terminal at Suvarnabhumi airport. (Photo: Varuth Hirunyatheb)Despite the offer of visa exemptions, the Chinese, Taiwanese and Indian markets have yet to record a quick recovery because of several economic factors, say tourism operators. Taiwanese were granted a visa exemption from Nov 10, which he said should facilitate arrivals from this market, which has grown following the pandemic. The Taiwanese government requested a visa exemption for some time as there were around 2,000 Taiwanese tourists applying for visas to Thailand daily, said Mr Thanet. The impact from the visa exemptions might be more evident during the second quarter next year as more corporations and tourists opt for Thailand then because of this entry privilege, said Ms Prachoom.

Airports prepare to implement visa-free policyPassengers from China were greeted on arrival by officials at Suvarnabhumi airport on Sept 25. (Photo: Wichan Charoenkiatpakul)The government has set up a command centre to welcome tourists from India and Taiwan under the visa-free entry policy that will begin on Friday. He said the Airports of Thailand (AOT) has been instructed to work closely with various agencies, including immigration authorities to streamline the process and prevent overcrowding. The visa-free policy for tourists from India and Taiwan will be implemented from Friday until May 10 as part of the plan to stimulate tourism and the economy, he said. Since Jan 1, the number of foreign tourists has exceeded 22.61 million, generating about 954.23 billion baht in tourism revenue.

Council optimistic on export outlookA container is loaded at the Port Authority of Thailand. Chaichan Chareonsuk, chairman of the Thai National Shippers’ Council (TNSC), said with export growth posted in August and September, and shippers indicating continuing orders for the final three months of the year, the council is confident that export performance in 2023 will not contract significantly. Exports are estimated to increase by up to 7% year-on-year in the final quarter, said Mr Chaichan. “The TNSC is maintaining the export target for this year at -1.5%, as of November,” he said. There are no signs of an export slowdown, nor issues with container shortages, said Mr Chaichan.

(Photo: Apichart Jinakul)Analysts are expressing concerns about Thailand's first year-on-year decline in inflation in 25 months, saying the dip in the consumer price index (CPI) reflects growing risks of an economic slowdown and deflation. "Recent inflation data fell below our expectations, indicating the Thai economic recovery, apart from the tourism sector, remains weak," said BofA. "Thai inflation is considered low compared with other countries in the region, and remained below the target of 2% for six consecutive months," KS said in a report. The think tank maintained its GDP growth forecast for 2023 at 3% on healthy exports in the final quarter. Though K-Research has not made a forecast for 2024 growth, the centre projects expansion in a range of 3-4%, she said.

Minimum wage to rise next month, but not to B400/dayA worker lays paving stones in the midday heat on the eve of May Day in 2019. The wage hike is intended as a New Year gift for daily wage earners, while the promised 400-baht new minimum daily wage rate will be introduced around the end of next year (2024) in certain provinces, said the minister. In a survey last year, 31 provinces said they didn’t want to raise their minimum daily wage for fear of adverse impact on businesses leading to job cuts, he said. In the end, the minumum daily wage was raised in all 77 provinces to between 328 and 354 baht. Rayong, Chon Buri and Phuket have the highest daily minimum wage rate of 354 baht, followed by 353 baht in Bangkok, Nonthaburi, Nakhon Patho, Pathum Thani, Samut Prakand and Samut Sakhon, said Mr Pipat.

Inflation falls for first time in 25 monthsThailand's inflation rate fell for the first time in 25 months, thanks to falling energy prices due to government support measures and lower food prices, the commerce ministry said on Monday. The consumer price index (CPI) fell 0.31% in October from a year earlier, versus a 0.3% year-on-year rise in the previous month, according to data. Headline inflation has been below the central bank's target of 1% to 3% for the sixth consecutive month. In the January-October period, the headline CPI rose an average 1.60% from the same period a year earlier, with the core CPI up 1.41%. The ministry still sees headline inflation at 1.0% to 1.7% this year.

The instruction concerned a daily minimum wage increase for workers as well as an increase in the salary of civil servants. Government spokesman Chai Wacharonke on Sunday downplayed speculation the salaries of civil servants would be increased sooner rather than later. He said the PM had only ordered a study into whether it is possible to increase civil servants' salaries. Of them, some 427,000 serve as teachers and educational personnel while about 421,000 are civil servants and about 325,000 serve with the armed forces. There are also another 1.24 million personnel in state enterprises, universities, state agencies and public organisations.

Hua Seng Heng projects gold prices could reach $2,000 per ounce for a resistance level and $1,970 for support. Another factor supporting gold prices rising is buying from central banks. Future trends in gold prices will depend on the Fed's policy, he said. The state of the Middle East war is also critical to gold price movement, which pushed gold prices to exceed $2,000 an ounce on Oct 30, said Mr Fan. Demand for gold jewellery fell by 2% to 2.5 tonnes from 2.54 tonnes last year, partly attributed to price fluctuations.

Long hours won't help India growDo Indians not work enough? "Unless we improve our work productivity," he insisted, "we will not be able to compete with those countries that have made tremendous progress." This is considerably higher than the work hours reported by similar surveys in other countries. This week, India Inc's luminaries lined up to drape themselves in the flag and endorse their fellow billionaire. But Mr Tata, Mr Murthy, and their fellow captains of industry are wrong.

Birthday boy Kohli equals Tendulkar's record 49 ODI hundredsStar of the show: Virat Kohli celebrates after scoring his centuryKOLKATA - India's Virat Kohli equalled Sachin Tendulkar's record of 49 one-day international hundreds when he reached three figures in a World Cup match against South Africa on Sunday. Kohli, on his 35th birthday, got to the landmark in 119 balls, including 10 fours, at Kolkata's Eden Gardens. It had taken him 277 innings to score 49 hundreds at this level compared to the 438 required by Tendulkar. Kohli's 101 not out was the centrepiece of unbeaten tournament hosts India's 326-5 in their 50 overs. Both India and second-placed South Africa, whose only defeat at this 10-team tournament so far was a shock loss to non-Test side the Netherlands, have already qualified for the semi-finals.