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Search Result for “economic crisis”

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WORLD

Ex-South Korea leader apologises for martial law crisis

AFP, Published on 20/02/2026

» SEOUL - South Korea's disgraced former president Yoon Suk Yeol apologised on Friday for the "hardship" caused by his 2024 martial law decree, a day after he was sentenced to life in prison for insurrection.

WORLD

Former Prince Andrew is released after being arrested amid Epstein revelations

New York Times, Published on 20/02/2026

» LONDON — British police on Thursday evening released Andrew Mountbatten-Windsor, formerly known as Prince Andrew, after taking him into custody for several hours, intensifying a long-running crisis for the monarchy over his ties to convicted sex offender Jeffrey Epstein.

BUSINESS

China’s drone exports to Russia use a new route through Thailand

Published on 20/02/2026

» On the 30th floor of the Chartered Square building in downtown Bangkok, the low-key office of Skyhub Technologies Ltd serves as a nexus for a burgeoning and contentious trade.

THAILAND

Reinventing the ‘Sick Man’: Aman Modi’s Blueprint for Thailand’s Next Act

Published on 20/02/2026

» After Thailand’s high-stakes election in February 2026, the kingdom finds itself at a crossroads. With GDP growth languishing at 1.6%—the lowest in the region—and household debt strangling the domestic engine, the "Sick Man of Asia" label has become a difficult reality to ignore.

BUSINESS

AXA Thailand aims for double-digit uptick

Business, Boonsong Lipimas, Published on 20/02/2026

» AXA Insurance Thailand is targeting double-digit growth in 2026, driven by expansion in health and commercial lines, with an executive citing last year's Hat Yai floods as a wake-up call that underscored rising protection needs in Thailand.

BUSINESS

Life segment forecasts watershed year in 2026

Business, Nuntawun Polkuamdee, Published on 20/02/2026

» Thailand's life insurance industry is on track for a milestone year, with total premiums for both life and non-life projected to exceed 1 trillion baht for the first time, driven by strong growth in health and critical illness coverage despite lingering economic headwinds.

BUSINESS

Sovereign technology key to national security, say pundits

Business, Suchit Leesa-nguansuk, Published on 20/02/2026

» Thailand must develop its own sovereign technology and innovative infrastructure to ensure long-term national security and economic growth, say tech researchers and a military official.

THAILAND

Yodchanan may not take ministry post

Aekarach Sattaburuth, Published on 20/02/2026

» Speculation is mounting that Pheu Thai prime ministerial candidate Yodchanan Wongsawat may not take up any ministerial post in the new government being formed by the Bhumjaithai (BJT) Party.

BUSINESS

Analysts warn disruption could slow GDP growth

Business, Nareerat Wiriyapong, Published on 20/02/2026

» The Thai economy could continue its growth trajectory and expand by 3% a year if the incoming Bhumjaithai-led coalition administration can complete its four-year term, say economists, though they warned any disruption in government formation might cause GDP growth to slide below 1.5% this year.

BUSINESS

Import duties plunge thanks to strong baht

Business, Wichit Chantanusornsiri, Published on 20/02/2026

» The exchange rate, economic conditions and free-trade agreements (FTAs) have affected import duty revenue for the Customs Department, with collections 8% below target for the first three months of fiscal 2026.