Tim Santasombat

Bangkok

Thailand News Correspondent at Xinhua News Agency (English)

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Thai PM proposes 115 bln USD budget to parliament to boost economy

1 week ago | thestar.com.my | Tim Santasombat |Lin Hao

BANGKOK, May 28 (Xinhua) -- Thai Prime Minister Paetongtarn Shinawatra on Wednesday proposed the government's 3.78 trillion baht (115.66 billion U.S. dollars) budget for the 2026 fiscal year to parliament, aiming to shore up a sluggish economy amid global trade tensions. The draft bill projects a 0.7 percent increase in expenditure and a budget deficit of 860 billion baht (about 26.31 billion dollars), marking a 0.7 percent decline from fiscal 2025 that ends in September.
Thailand's economic growth softens to 3.1 pct in Q1

2 weeks ago | today.line.me | Tim Santasombat |Rachen Sageamsak

BANGKOK, May 20 (Xinhua) -- Thailand's economy expanded 3.1 percent in the first quarter of 2025 from a year earlier, driven by public investment and exports despite slowing private and government consumption, official data showed on Monday.
Thailand's consumer confidence declines to 7-month low in April

3 weeks ago | today.line.me | Tim Santasombat |Rachen Sageamsak

BANGKOK, May 16 (Xinhua) -- Thailand's consumer confidence declined for a third successive month in April, hitting the lowest level in seven months, due to concerns over U.S. tariffs and a sluggish domestic economic recovery, a survey showed on Thursday. According to the survey of 2,245 respondents conducted by the University of the Thai Chamber of Commerce, the consumer confidence index fell to 55.4 last month from 56.7 in March as all components of the index decreased.
Thailand's investment application value nearly doubles in Q1

1 month ago | today.line.me | Tim Santasombat

BANGKOK, May 1 (Xinhua) -- Thailand's investment application value surged 97 percent from a year earlier in the first quarter to a combined 431.2 billion baht (12.9 billion U.S. dollars), driven by large infrastructure projects, particularly foreign investments in data centers, official data showed on Wednesday.
Thai central bank announces new standards to strengthen financial crime prevention

1 month ago | today.line.me | Tim Santasombat |Sun Weitong

BANGKOK, April 29 (Xinhua) -- Thailand's central bank outlined new regulatory standards on Monday, requiring financial institutions and e-money providers to strengthen security measures and share responsibility for damages arising from cybercrimes. According to the Bank of Thailand (BOT), these standards will be imposed in early May and will be in line with the amended Emergency Decree on Technology Crime Prevention and Suppression that went into effect earlier this month.
UNEX EV unveils battery-swapping ecosystem in Thailand

2 months ago | thestar.com.my | Tim Santasombat

BANGKOK, April 4 (Xinhua) -- UNEX EV Co. Ltd. introduced its comprehensive battery-swapping ecosystem in Thailand on Friday, in a step to drive the Southeast Asian country toward smart and green mobility. Pitak Pruitthisarikorn, CEO and co-founder of UNEX EV, said at the launch event that the company's battery-swapping platform is designed to serve various types of electric vehicles (EVs) ranging from private to commercial and public transport, whether used on land, in water, or in the air.
Feature: Thailand's historic city holds boxing ceremony to promote cultural heritage, tourism

2 months ago | thestar.com.my | Tim Santasombat |Chen Qianci

AYUTTHAYA, Thailand, March 20 (Xinhua) -- Thailand's historic city of Ayutthaya held an annual boxing ceremony to celebrate the deep-rooted heritage of Muay Thai in a bid to reinforce the global appeal of the national martial art and promote tourism. Over 800 Muay Thai practitioners across the globe attended the 17th World Wai Kru Muay Thai Ceremony on Monday.
Chinese automaker SAIC Motor introduces premium EV lineup in Thailand

2 months ago | thestar.com.my | Tim Santasombat

BANGKOK, March 18 (Xinhua) -- Chinese automaker SAIC Motor introduced a premium electric vehicle (EV) lineup under its MG brand in Thailand on Tuesday in a move to deliver cutting-edge and customer-centric technologies in the Thai automotive market. The event highlighted the launch of the coupe electric SUV MG IM6, making the Southeast Asian country the first market to experience the right-hand-drive version of the model after its successful debut in China.
Thailand sees notable decline in cybercrime cases after intensified crackdown

2 months ago | thestar.com.my | Tim Santasombat

BANGKOK, March 17 (Xinhua) -- The Thai government's measures have significantly impacted criminal networks operating call-center scams, with a notable decline in cybercrime cases following the intensified crackdown since early February, officials said on Monday.
Thailand's industrial confidence continues to improve in February

2 months ago | thestar.com.my | Tim Santasombat

BANGKOK, March 12 (Xinhua) -- Thailand's industrial confidence continued to improve in February, supported by the central bank's policy rate cut and debt relief measures, data showed on Wednesday. The Thai industries sentiment index rose to 93.4 last month from 91.6 in January as most components of the index increased, according to the Federation of Thai Industries (FTI). The reading was based on a survey of 1,350 entrepreneurs across 47 industry groups under the FTI.