Latest news with #ThaiGovernment
CNA
a day ago
- Business
- CNA
Thai Airways to resume trading on August 4
BANGKOK :Thai flag carrier Thai Airways International will resume trading in August, the stock exchange said on Wednesday, marking the end of a long restructuring process triggered by the pandemic. In 2020, the national carrier went into bankruptcy-protected restructuring, and drew up plans to restructure debts worth 400 billion baht ($11.17 billion). As part of those plans, it reduced its workforce by half and trimmed its fleet. It also appointed Piyasvasti Amranand, the airline's president from 2009 to 2012 to its restructuring committee, along with a number of veteran bankers. Thai Airways had already been making losses since 2012 as a result of growing competition from budget carriers. As part of the restructuring programme, the government reduced its stake, meaning that the carrier lost its state-owned enterprise status. "The SET approves the removal of THAI securities from the possible delisting list, the lifting of its suspension and non-compliance designations," the Stock Exchange of Thailand said in a statement. Thai Airways has been making operational profits since 2023 and in June it exited the court-guided restructuring programme. Last year, the carrier ordered 45 Boeing 787-9 wide-body jets with an option for 35 more.
South China Morning Post
3 days ago
- Politics
- South China Morning Post
Thailand ‘condemns' Cambodia for planting landmines after 3 soldiers injured at border
Thailand has accused Cambodia of planting new landmines on the Thai side of the shared border, in an escalation of a bitter territorial dispute between the two countries. Three Thai soldiers were injured when they stepped on a landmine during a routine patrol along an established route within Thai territory on Wednesday, the Ministry of Foreign Affairs said in a statement late on Sunday. The mines were not of a type used by Thailand and were recently laid in a 'blatant violation of international law', it said. 'The Royal Thai Government condemns in the strongest terms the use of anti-personnel mines,' the ministry said. A woman holds a sign showing a soldier being hit by a landmine during a protest rally outside the Cambodian Embassy in Bangkok on Sunday after three Thai soldiers were injured while patrolling along the border with Cambodia. Photo: EPA It added that it planned to take action against Cambodia under the United Nations ' Anti-Personnel Mine Ban Convention as a state party while pursuing bilateral channels to resolve the ongoing dispute. 'Thailand calls on Cambodia to cooperate on humanitarian demining efforts along the border of the two countries as bilaterally agreed by both prime ministers.'
South China Morning Post
12-07-2025
- Business
- South China Morning Post
How Thailand's craft chocolate industry is raising the bar with sustainable practices
When it comes to countries that produce chocolate, Switzerland and Belgium may be among the first to come to mind. But neither of them grow cacao, the fruit whose seeds are needed to make chocolate. In fact, 70 per cent of the world's cacao comes from the Ivory Coast, in western Africa. Advertisement Few would think about Thailand, but the Asian country is emerging as a craft grower with a blossoming bean-to-bar movement. Thailand's relationship with cacao has been a long and rocky one. In the 17th century, Spanish galleons began transporting the crop from the Philippines to elsewhere in Southeast Asia – to Indonesia, India, Malaysia and finally Thailand, where it arrived in the early 1900s. Yet, unlike its regional neighbours, Thailand never became a major player in the global cocoa trade. In 1952, the Thai government introduced subsidies to promote cacao as a lucrative export crop. But the initiative faltered as farmers found greater profits in rubber, palm oil and fruit. Advertisement By the 1990s, annual production of cacao had dwindled to just 400 tonnes (440 tons), a drop in the bucket compared with regional giants like Indonesia.
Bloomberg
07-07-2025
- Politics
- Bloomberg
Thailand to Withdraw Casino Bill as Ruling Bloc Hit by Crisis
Thailand's government will withdraw a controversial bill to legalize casinos from parliament following mounting public opposition and a fresh bout of political turmoil that has reduced the ruling coalition's majority. A motion to withdraw the so-called 'entertainment complex' bill from the current session of parliament will be raised on July 9 when it was previously slotted for consideration, government whip Visuth Chainaroon told reporters on Monday.
CNA
01-07-2025
- Politics
- CNA
Thai PM Paetongtarn Shinawatra suspended over leaked phone call
Scroll up for the next video X Thai PM Paetongtarn Shinawatra suspended over leaked phone call
