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Search Result for “financial crisis”

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OPINION

Phuket stands at a tourism crossroads

Oped, Ajaree Tavornmas, Published on 12/03/2026

» Phuket has long stood as one of Asia's most celebrated destinations. Framed by the Andaman Sea, its turquoise waters, rich cultural fabric and globally recognised hospitality have attracted millions of visitors for decades. Tourism accounts for approximately 95% of the province's economy, generating more than 500 billion baht annually from over 14 million Thai and international travellers. With around 1,500 registered hotels and more than 100,000 rooms, the island is undeniably a cornerstone of Thailand's tourism industry.

OPINION

The Iran war is upending global energy markets

Oped, Carolyn Kissane, Published on 12/03/2026

» The war with Iran is widening faster than many expected. The Islamic Republic's retaliation against Arab Gulf states has extended beyond military targets to critical civilian infrastructure, including airports, water desalination plants, and energy facilities. Hezbollah has opened a second front from Lebanon. US President Donald Trump suggests that operations could last "four to five weeks", but with nearly 50 senior Iranian officials having been killed, it is unclear who might be positioned to negotiate an off-ramp.

BUSINESS

Interest rate cuts have uneven impact for retail borrowers

Business, Somruedi Banchongduang, Published on 12/03/2026

» Retail borrowers have begun to benefit from a series of policy rate cuts over several months. However, the impact may not be immediately noticeable for some borrowers as their monthly instalment payments could remain static.

BUSINESS

Thai tax filing 2026: What expats should clarify before the April 8 deadline

Published on 12/03/2026

» Thailand’s personal income tax filing deadline is April 8, and many expats remain uncertain about whether they must submit a return this year.

BUSINESS

Oil jumps, stocks drop as war keeps markets on edge

AFP, Published on 11/03/2026

» LONDON - Oil prices rallied and equities mostly dropped on Wednesday as traders assessed the latest developments affecting global markets as a result of the Middle East war.

THAILAND

Thai cargo ship attacked near Strait of Hormuz

Online Reporters, Published on 11/03/2026

» A Thai‑flagged bulk carrier was struck by Iranian missiles near the Strait of Hormuz on Wednesday, with 20 Thai crew rescued by the Royal Navy of Oman and three still on board, according to the Royal Thai Navy.

WORLD

G7 leaders closer to tapping oil reserves

AFP, Published on 11/03/2026

» PARIS - The Group of Seven advanced economies inched closer on Wednesday to tapping strategic oil reserves to tackle the rise in crude oil prices due to the Middle East war as energy ministers said they stood ready to take “all necessary measures”.

WORLD

UK braces for release of ‘Mandelson files’

AFP, Published on 11/03/2026

» LONDON - Britain’s government was due Wednesday to publish the first tranche of documents relating to Prime Minister Keir Starmer’s controversial appointment of a Jeffrey Epstein associate as UK ambassador to Washington.

BUSINESS

Thai Airways to raise ticket prices by 10-15%

Bloomberg News, Published on 11/03/2026

» Thai Airways International will raise ticket prices by 10% to 15% to offset surging fuel costs as the carrier grapples with “overwhelming” demand from customers shifting travel plans from the Middle East to Europe, said chief financial officer Cherdchom Thetsathirasak.

THAILAND

‘Aem Cyanide’ acquitted of 2020 Nakhon Pathom murder

Online Reporters, Published on 11/03/2026

» The Criminal Court on Wednesday acquitted Sararat “Aem Cyanide” Rangsiwuthaporn of killing a woman with cyanide in Nakhon Pathom in August 2020, ruling that prosecutors failed to prove she possessed the toxin or intended to commit theft.