The Latest Breaking News from Thailand

Thailand is likely to miss its ambitious target of electric vehicles (EVs) comprising 50% of locally made vehicles by 2030 for a variety of reasons, notably high energy prices and limited EV charging facilities, says global management consultancy Arthur D. Little.

Thailand's economy may not reach a forecast growth of 3.8% next year due to a global economic slowdown, but this year's outlook should still be achieved, the finance minister said on Tuesday.

Bangkok (AFP) - A Buddhist temple in central Thailand has been left without monks after all its holy men failed drug tests and were defrocked, a local official said Tuesday.

The Thai startup community has launched the "Thailand Accelerator" project, aimed at bringing more qualitative talent startups to scale and fostering growth in the startup ecosystem. The project targets firms from seed to the pre-Series A funding round.

Fostering sustainable financing to help the country move towards net-zero carbon emissions and expanding digital assets are among the major roles the Thai capital market is to focus on over the next five years to enhance its competitiveness and support overall economic growth, a recent study revealed.

Thai Beverage (ThaiBev), the Singapore-listed food and beverage company, has unveiled its new premium beer to strengthen its beer portfolio.

Airasia ride, a ride-hailing service under the airasia Super App, is forging ahead with an aggressive move to entice drivers with a low 15% commission fee, while setting competitive fares to attract passengers, particularly tourists.

Teeratep Winothai now aims to become president of the Football Association of Thailand (FAT) after playing the last game of his career on Sunday.

Thailand's World Heritage Convention Committee, led by Deputy Prime Minister Prawit Wongsuwon, is gathering details for an application for Udon Thani's Phu Phra Bat Historical Park for consideration as a Unesco World Heritage site.

The tourism sector might be challenged by a slow market in the second quarter next year as there will be no more pent-up demand which fuelled the market this year, according to the Tourism Authority of Thailand (TAT).

The Economic Intelligence Center (EIC), a research unit under Siam Commercial Bank, has slashed its 2023 GDP growth projection for Thailand due to the global economic slowdown and the increased likelihood of a recession in developed economies.