AoT to raise passenger service tax
AoT to raise passenger service taxPassengers arrive at the new satellite terminal, dubbed SAT-1, at Suvarnabhumi airport on Sept 28. The Airports of Thailand (AoT) will increase passenger service charges at six international airports by 30 baht from April 1 next year to cover the operating costs of Common Use Passenger Processing Systems. (Photo: Varuth Hirunyatheb)Airports of Thailand (AoT) will increase passenger service charges at six international airports by 30 baht from April 1 next year to cover the operating costs of Common Use Passenger Processing Systems (Cupps). The systems, hence, have a higher operating cost, leading the AoT to introduce the new passenger service charge. Also, Cupps is calculated under the service charge, according to the Air Navigation Act's Section 56 (1), which allows aviation authorities to collect the charge for airport improvement and passenger facilities.
Source:Bangkok Post
November 25, 2023 18:03 UTC
The economic outlook in a year of uncertainty
The economic outlook in a year of uncertaintyNext year will be an uncertain one for both the global and Thai economies, especially concerning three areas: economic recession, geopolitical problems and government economic measures. Global economic risks will increase from wars and elections. China's credit intensity (the growth rate of credit compared with economic growth) expanded at the same level as in 2020, during the pandemic. THAI FORECASTFor the Thai economic outlook in 2024, we divided our economic projection into two scenarios related to the digital wallet scheme. FACTORS TO WATCHIn 2024, we are keeping an eye on six economic factors that will be key for the Thai economy.
Source:Bangkok Post
November 25, 2023 13:20 UTC
Dublin violence motivated by hate: Irish PM
Dublin violence motivated by hate: Irish PMFlames rise from a car and a bus set alightDUBLIN: Rioters who torched vehicles and looted shops in Dublin following a knife attack outside a school brought "shame" on Ireland, Prime Minister Leo Varadkar said on Friday, condemning the worst violence in decades which authorities blamed on right-wing groups. "Those involved brought shame on Dublin, brought shame on Ireland and brought shame on their families and themselves," a visibly angry Varadkar told reporters, describing the rioters as "criminals". They love violence. We need to take it away from the cowards who hide behind masks and tried to terrify us with their violence," Varadkar said. A police cordon was set up around the Irish parliament building, Leinster House, late on Thursday night, amid concerns that the violence could spread.
Source:Bangkok Post
November 25, 2023 00:33 UTC
Eastern corridor investment plan confirmed
Eastern corridor investment plan confirmedA sign for U-tapao airport in Ban Chang district, Rayong province, near the Eastern Economic Corridor. (Bangkok Post file photo)The Eastern Economic Corridor (EEC) Policy Committee on Friday endorsed a draft 5-year EEC development plan for the period 2023 to 2027, with the aim of attracting a total of 500 billion baht worth of investments to the area, representing an average of 100 billion baht per year. The committee also approved the offering of 10-year visas to investors in targeted businesses in the EEC to attract foreign investment, starting next year. According to Deputy Prime Minister and Commerce Minister Phumtham Wechayachai, who chaired Friday's committee meeting, the new 5-year development plan will outline five development strategies. This includes specialists under EEC visa "S", executives under EEC visa "E", professionals under EEC visa "P", as well as spouses and dependents under the "other" category, pertaining to EEC visa "O".
Source:Bangkok Post
November 24, 2023 23:14 UTC
Sutin backs cooperation with Asean
Sutin backs cooperation with AseanPhetchaburi: The Defence Ministry remains committed to promoting cooperation among the armies of Asean members while also focusing on neutrality in a time of external pressures. The 31st Asean Armies Rifle Meet (Aarm), the region's annual rifle, pistol, and machine gun competition, was also held on this occasion. Cooperation among Asean member states' armed forces has been exhibited particularly during times of crises, but also during normal situations. When asked if Asean should remain neutral in regional conflicts, he said: "Certainly." Asean should remain neutral despite pressures from big power players.
Source:Bangkok Post
November 24, 2023 15:00 UTC
Regulator to ban Thais from trading NVDRs
Regulator to ban Thais from trading NVDRsThe Securities and Exchange Commission (SEC) building on Vibhavadi Rangsit Road. The SEC is preparing to ban Thai investors from trading non-voting depository receipts (NVDRs), aiming to close an avenue for fraud in the capital market following the More Return Plc (MORE) case. NVDR, a trading instrument initiated by the Stock Exchange of Thailand (SET), allows foreign investors to invest beyond the foreign ownership limit. The regulator will order this channel to be closed to Thai investors, allowing only foreign investors to trade using this instrument, said Ms Pornanong. Although NVDRs have the objective of facilitating foreign investment, they previously did not prohibit Thai investors from using this channel.
Source:Bangkok Post
November 24, 2023 14:56 UTC
Small firms eager to use smart devices
The "HP Smart Where IT Matters Study" by Kantar was commissioned by HP and covers 1,200 micro-business owners in four countries: Thailand, the Philippines, Indonesia and Malaysia. The survey found 80% of small Thai firms believe technology can help them deal with business challenges by improving their competitiveness. The survey found 57% of Thai businesses purchase smart printers to leverage the latest tech, enable mobile printing and scanning, and improve efficiency. Members of Gen Z (95%) who are micro-business owners show significantly high interest in purchasing a smart printer, followed by baby boomers (85%) and Gen X (80%). To address the SMEs' needs, HP offers the simpler and affordable HP Smart Tank 700 and 500 series printers.
Source:Bangkok Post
November 22, 2023 00:07 UTC
Napoleon's letters from Russian campaign on sale, hat sets record
Napoleon's letters from Russian campaign on sale, hat sets recordA letter sent by Napoleon during the Russian campaign. NEW YORK - Eleven letters sent by Napoleon Bonaparte, including dispatches from the Kremlin, have gone on sale following the blockbuster auction of the diminutive French emperor's hat for $2.1 million. That note does not feature in the latest sale, having been sold for 187,500 euros at a French auction in 2012. A hat belonging to Napoleon sold for a record of nearly two million euros at a French auction on Sunday. It broke the previous record for a Napoleonic hat, held by the same auction house, of 1.88 million euros in 2014, shelled out by a South Korean businessman.
Source:Bangkok Post
November 21, 2023 17:27 UTC
Thai diplomacy in focus
Foreign Affairs Minister Parnpree Bahiddha-Nukara chairs a meeting of Thai ambassadors and consul generals posted to 97 countries in Bangkok. The annual meeting highlights the need for the envoys to practise proactive diplomacy in an increasingly polarised world. "Thai people are more aware of foreign affairs, so ambassadors and consuls-general must work fast and be more flexible. I've confidence in their knowledge, capabilities and professionalism in driving proactive diplomacy," he said. Commerce Minister Phumtham Wechayachai said on Monday overseas commercial counsellors will attend the forum with a Thursday workshop by representatives from the Thai Chamber of Commerce, the Federation of Thai Industries, the Thai Bankers' Association, and the Thai National Shippers Council.
Source:Bangkok Post
November 21, 2023 15:33 UTC
Thai stock exchange to restrict short selling
Thai stock exchange to restrict short sellingThe Securities and Exchange Commission (SEC) is asking the Stock Exchange of Thailand (SET) to impose pricing rules for short selling while the SEC will examine the SET's naked short selling system soon, the regulator said on Monday. The deputy head of the SEC also sought to reassure investors, saying the regulator is investigating naked short selling in the country's stock market by utilising the following procedures. First, the stock exchange has been asked to reimpose the “uptick” rule, a regulation requiring any short sale to take place at a higher price than the stock's last trading price if that stock is down 10% or more from the last trading day's closing price. “The SET's operations have been inspected continuously, including the monitoring of short selling transactions that do not involve naked short selling, which is currently a concern for investors,” she said. The Thai bourse can order a punishment if it finds any practices that do not fall in line with the procedures.
Source:Bangkok Post
November 21, 2023 06:45 UTC
NBTC tightens SIM rules
NBTC tightens SIM rulesA photo shows a series of mobile SIM cards being produced at a manufacturing facility. There were 64.5 million people who held between one and five SIM cards or 85.1 million SIM cards in total. There were 286,148 people holding between six and 100 SIM cards or 3.33 million SIM cards in total. Another 7,664 people each hold more than 100 SIM cards or around 6.1 million SIM cards in total. Some people who carry out business hold many SIM cards such as retailers or sellers of SIM cards or mobile handsets, or business owners who distribute mobile SIM cards to employees for use in daily operations.
Source:Bangkok Post
November 21, 2023 06:45 UTC
Six tops and flops at Cricket World Cup
Six tops and flops at Cricket World CupChampions: Australia's players celebrate. AHMEDABAD (INDIA) - Australia beat India by six wickets to lift their sixth title in the Cricket World Cup in Ahmedabad on Sunday. - TOPS -Afghanistan-- The Afghans enjoyed stellar performances starting with their stunning win over defending champions England. Glenn Maxwell-- Maxwell smashed the tournament's fastest century in 40 balls in a match-winning 106 against the Netherlands in New Delhi. Mathews branded Shakib "disgraceful" and the episode left the cricket world divided and the "spirit of cricket" debate reignited.
Source:Bangkok Post
November 20, 2023 19:05 UTC
Economic tonic seen as urgent
Prommin Lertsuridej, secretary-general to the PM, said the 10,000-baht digital money scheme is an economic necessity. The digital wallet scheme is intended to stimulate the economy. "These are the justification for the economic stimulus,'' he said, referring to the digital wallet plan. Dr Prommin said the handout will benefit low-income earners as their spending will help spur economic activity and micro-investment. The digital wallet scheme is intended to increase spending during the six-month period after its launch in May, three months later than originally planned.
Source:Bangkok Post
November 20, 2023 14:54 UTC
Head breaks India hearts as Australia win sixth World Cup title
Head breaks India hearts as Australia win sixth World Cup titleChampions: Australia's players celebrate with the trophy. AHMEDABAD (INDIA) - Opener Travis Head hit a sparkling 137 to power Australia to a record-extending sixth World Cup title with a convincing six-wicket win over India in Ahmedabad on Sunday. "It's a lot better than seeing the World Cup on the couch at home (on his hand injury). "With 240 on the board, we wanted early wickets but credit to Travis Head and Marnus. India hit back when Mohammed Shami shared the new ball with Jasprit Bumrah and struck on his second delivery to get David Warner caught behind for seven.
Source:Bangkok Post
November 20, 2023 02:49 UTC
Day of destiny for India in World Cup final against Australia
Day of destiny for India in World Cup final against Australia'Runs on the board': India captain Rohit Sharma (centre) with his Australia counterpart Pat Cummins at the toss. AHMEDABAD (INDIA) - India carried the hopes of billions of fans in the cricket crazy country and beyond as the unbeaten hosts headed into Sunday's World Cup final against Australia in Ahmedabad. But Rohit insisted Saturday: "Not many have played the finals, but like I said, playing for India is as good as playing any World Cup game because there's so much pressure. Australia are bidding for a record-extending sixth World Cup title, with Sunday's game their eighth appearance in the final. Their team includes several survivors from a 2015 World Cup final win over New Zealand in Melbourne, including opener David Warner, star batsman Steve Smith, all-rounder Glenn Maxwell and new-ball bowlers Mitchell Starc and Josh Hazlewood.
Source:Bangkok Post
November 19, 2023 16:30 UTC