Category: Business

Business

Thailand’s High-Income Dream Faces Its Toughest Test Yet

BANGKOK, Thailand — Thailand wants to become a high-income country within the next decade. It is an ambitious goal that promises better jobs, higher wages, stronger industries and a more competitive economy. But as the government pushes its vision for Thailand's economic future, a growing question is emerging: Can the country move fast enough to escape years of slow growth before demographic and structural problems make the challenge even harder? Thailand's ambition has received renewed atten

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Business

USS Abraham Lincoln Crew Leaves Thailand Delighted After Long-Awaited Break From Record Deployment

CHON BURI, Thailand — After months at sea and one of the longest uninterrupted deployments in modern U.S. Navy history, thousands of American sailors and Marines have left Thailand following a five-day visit that offered the exhausted crew of the USS Abraham Lincoln a long-awaited chance to rest, recharge and experience life on land again. The nuclear-powered aircraft carrier and its approximately 5,000 personnel departed Thailand on Sunday, ending a port visit that brought sailors and Marines

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Business

Three Students Lose Millions in Fake Police and Scholarship Scam as Thai Authorities Warn of Sophisticated New Tactics

BANGKOK, Thailand — Three students have lost more than 2.7 million baht after falling victim to sophisticated scams involving criminals posing as police officers and scholarship representatives, highlighting the growing threat facing young people in Thailand. The cases were reported to Thailand's Anti Cyber Scam Centre, where investigators found that the fraudsters used different stories but relied on the same strategy: create fear, gain the victim's trust and pressure them into handing over mo

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Business

Oil Leak at Bangkok Data Centre Raises Pollution Fears and Sparks Calls for Stricter Oversight

BANGKOK, Thailand — An oil leak at a data centre in Bangkok's Rama 9 area has triggered environmental concerns and intensified scrutiny over the rapid growth of energy-intensive facilities in urban communities. Authorities found oil-contaminated wastewater and sediment inside and outside the DAMAC Digital Thailand BKK 01 data centre after residents and nearby businesses complained of a strong oil-like smell. The discovery raised fears that contaminated wastewater could enter the public drainag

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Business

Thailand Cuts 11.16 Billion Baht From 2027 Budget Ahead of Crucial Parliamentary Debate

BANGKOK, Thailand — Thailand's proposed 2027 national budget has been cut by more than 11.16 billion baht ahead of a crucial three-day parliamentary debate, setting the stage for intense scrutiny over how the government plans to spend nearly 3.8 trillion baht. The House of Representatives is scheduled to debate the 2027 Budget Bill during its second and third readings from Sept. 7 to Sept. 9, after a parliamentary committee completed its review of the government's spending plan. The proposed b

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Business

Fuel Shock Returns: Pump Prices Could Jump by Nearly ₱6/L as Middle East War Threatens Oil Supply

MANILA, Philippines — Filipino motorists are bracing for another painful trip to the gas station as domestic fuel prices are expected to surge this week, just days after a brief rollback offered consumers some relief. Industry estimates indicate that diesel could increase by around ₱4.50 to ₱5.50 per liter, while gasoline may rise by ₱4 to ₱4.50 per liter for the fuel adjustment taking effect Tuesday, September 8. The final figures were expected to be announced by oil companies on Monday after

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Business

LBC Makes CTPL Insurance Easier for Filipino Motorists—Here’s How Much You’ll Pay

MANILA, Philippines — Filipino motorists now have another option for securing the insurance required for vehicle registration, as LBC Express has opened its nationwide branch network as walk-in access points for ProtekSure Compulsory Third-Party Liability (CTPL) insurance. The initiative allows owners of private cars and motorcycles to apply for CTPL coverage at participating LBC branches, potentially making a traditionally administrative part of vehicle registration more convenient for motoris

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Business

$320 Million in Bitcoin Vanishes From Liquid Network — But the Hackers Say They’re ‘White Hats’

A major security incident has hit the cryptocurrency industry after nearly 4,000 Bitcoin worth approximately $320 million was withdrawn from the federation wallet backing the Bitcoin-based Liquid Network. The network confirmed the incident on Sunday, September 6, saying that actors described as “purported white-hat hackers” withdrew around 4,000 of the approximately 4,200 Bitcoin held in the Liquid Federation wallet. The incident has forced Liquid Network to halt new transactions, while users

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Business

Sugarcane Pest Infestation Hits 32% of Davao del Sur Plantations as Farmers Face Growing Losses

DAVAO DEL SUR, Philippines — A destructive sugarcane pest has spread across more than 32 percent of Davao del Sur's sugarcane plantations, raising concerns over falling harvests, reduced farmer incomes and potential disruptions to one of the province's key agricultural industries. Provincial officials have convened an emergency response involving agricultural agencies, sugarcane cooperatives and other stakeholders after the red-striped soft scale insect (RSSI) affected 1,731.73 hectares of the

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Business

Taiwan Defense Budget Lifts Veil on Secret Ching Tien Missile Program

TAIPEI, Taiwan — Taiwan's proposed defense budget has offered the clearest public indication yet that the military has moved a long-rumored long-range missile program into operational service — while also pointing to the development of a more advanced successor capable of reaching deeper into China. The non-classified portion of Taiwan's proposed defense budget for next year includes a new spending item for the “Fei Chi II weapons system and equipment maintenance program,” scheduled to run from

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