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Thailand’s financials are sound but the economy is exposed if another banking crisis emerges

by Joseph O' Connor

 

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Assistant Governor of the Financial Institution Supervisory Division at the Bank of Thailand, Ms Suwannee Jesadasak on Monday was quick to assure the public and investors that Thailand’s financial system was not exposed to the failure of two banks in the United States last weekend including the substantial Silicon Valley Bank (SVB) in California.

 

The impact of the financial crisis in 2008, although not directly impacting Thailand, did result in a disruption to investment patterns which saw ฿500 billion withdrawn by foreign investors from the Stock Exchange of Thailand (SET) and a new climate of reduced investment in the Thai economy.

 

Full story: https://aseannow.com/topic/1289185-thailand’s-financials-are-sound-but-the-economy-is-exposed-if-another-banking-crisis-emerges/

 

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Posted

Brake failure: Thirteen tourists heading for religious festival hurt

 

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Daily News Thai Caption: Accident on pilgrimage

 

Thirteen tourists heading for a religious event to make merit in Chanthaburi province, eastern Thailand, were injured yesterday when their vehicle ran into a roadside wall.

 

Full story: https://aseannow.com/topic/1289191-brake-failure-thirteen-tourists-heading-for-religious-festival-hurt/

 

Posted

Ex-fugitive in $100 million New Jersey deli case leaves Thailand for U.S. court hearing
by Dan Mangan

 

◼︎ A former fugitive charged with stock manipulation in the bizarre case of a money-losing New Jersey deli once valued at $100 million was flying in custody from Thailand, en route to a planned court appearance in the United States, his lawyer said.


◼︎ The defendant, fallen Hong Kong businessman Peter Coker Jr., is expected to appear in U.S. District Court in Newark, N.J., as early as Wednesday afternoon, or as late as Thursday.

 

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Peter Lee Coker mugshot from the Raleigh/Wake City-County Bureau of Identification (CCBI).

Source: Raleigh/Wake City-County Bureau of Identification

 

Full story: https://aseannow.com/topic/1289196-ex-fugitive-in-100-million-new-jersey-deli-case-leaves-thailand-for-us-court-hearing/

 

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Posted

10th Annual Saint Patrick’s Day Parade 2023 Is Only Two Days Away
By Tanakorn Panyadee

 

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The Irish community in Pattaya is getting ready to host the 10th annual Saint Patrick’s Day Parade, a celebration of Irish heritage and culture that will take place on March 17th, 2023. The parade will start at the Alcazar theater and will continue along Beach Road before ending at the Pattaya 8 School.

 

Full story: https://aseannow.com/topic/1289198-10th-annual-saint-patrick’s-day-parade-2023-is-only-two-days-away/

 

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Posted

Narcotic or not? Thailand’s cannabis industry in the balance as parties battle it out ahead of polls
By Thai PBS World’s General Desk

 

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The fate of Thailand’s cannabis industry may hang on who wins the upcoming general election. Several parties are keen to undo the herb’s decriminalization that went into full effect in mid-2022.

 

Full story: https://aseannow.com/topic/1289200-narcotic-or-not-thailand’s-cannabis-industry-in-the-balance-as-parties-battle-it-out-ahead-of-polls/

 

Posted

Thai Woman Falls To Death From Pattaya Condo
by TNR Staff

 

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The compound of the condo where the young woman died after falling from her seventh floor unit. Photo: TV Channel 7

 

A YOUNG Thai woman died after falling from the seventh floor of a Pattaya condo before dawn today (Mar. 15) with her shocked younger sister distressed at her death, TV Channel 7 said.

 

Full story: https://aseannow.com/topic/1289208-thai-woman-falls-to-death-from-pattaya-condo/

 

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Posted

Anti-corruption officials probe training course related to a senior health official

 

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Officials from the Public Sector Anti-Corruption Commission (PACC), Anti-Money Laundering Office (AMLO) and anti-corruption police raided four locations, including the house of the deputy health chief of Nakhon Ratchasima, to search for evidence of alleged corruption.

 

Full story: https://aseannow.com/topic/1289210-anti-corruption-officials-probe-training-course-related-to-a-senior-health-official/

 

Posted

Mercedes-Benz and Team X Thailand hit the brakes on traditional car show setups with new “Pop-up Motor Show” in A19 parking lots
BY KIM SHAW

 

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Mercedes-Benz with the help of Team X Thailand is shaking things up at the Bangkok International Motor Show this year with a rather unconventional approach to displaying their latest models. This year, the luxury car brand is bypassing the traditional show booth and parking their latest models in A19 parking lots.

 

Full story: https://aseannow.com/topic/1289221-mercedes-benz-and-team-x-thailand-hit-the-brakes-on-traditional-car-show-setups-with-new-“pop-up-motor-show”-in-a19-parking-lots/

 

Posted

Pattaya Gears Up for Windsurf and SUP Contest from March 16th to 26th

 

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PHOTO: SUP Pattaya Championship 2023

 

Pattaya is preparing for a thrilling battle of windsurfing and stand-up paddleboarding (SUP) in Jomtien from March 16th to the 26th to boost the economy and promote tourism.

 

Full Story: https://aseannow.com/topic/1289251-pattaya-gears-up-for-windsurf-and-sup-contest-from-march-16th-to-26th/

 

Posted

Officials in Phuket Town give Songkran water fights the go-ahead

 

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PHOTO: Flickr/Jamie Monk

 

Break out your super soakers, Songkran water play has been given the green light by Phuket Town officials. The Phuket News reports that the President of Phuket Provincial Administration Organisation says water fights can go ahead on the streets of the Old Town on April 14.

 

Full Story: https://aseannow.com/topic/1289252-officials-in-phuket-town-give-songkran-water-fights-the-go-ahead/

 

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