When previous cross-border deals turn into “accumulated risk” for Thailand’s banking system
Pattaya, Thailand – The Victor Thai Law Office has been advising foreign clients on the importance of adhering strictly to Thai laws when doing business. A case from a few years ago illustrates this. A client received a bank transfer from a neighboring country—a personal transaction that appeared completely legitimate. However, when the client later […]
Thailand’s central bank leader departs from tradition with a straightforward ‘hello’
On a Tuesday night, Bank of Thailand Governor Vitai Rattanakorn surprised over 100 journalists involved in the bank’s media group chat with a casual message: “I just came to say hi.” This direct outreach marks a significant shift in the bank’s usually reserved communication style. Since taking office, Vitai has made it clear that he […]
Thailand’s Queen Mother Sirikit, a powerful fashion figure, has passed away at 93.
Thailand’s Queen Mother Sirikit has passed away at the age of 93, according to an announcement from the Royal Family Bureau on Saturday. Known for her elegance during the monarchy’s post-war revival, she occasionally engaged in politics in her later years. She had been absent from public life since suffering a stroke in 2012. The […]
KTB-TTB merger set to form Thailand’s ‘Super Bank’ – Nation Thailand
Analysts believe that, in addition to the size of assets, the merger will combine a vast customer base that will become stronger in the future, making it easier for new banks to compete with BBL, KBANK and SCB. KTB's strength lies in the solid foundation of government and civil servant clients, while TTB's strength lies […]
Passport bros and Middle Eastern thugs: Tales from Thailand’s ‘Sin City’
I'm currently in Thailand and immersed in the rather brutal world of Muay Thai. For those unfamiliar with Muay Thai, it's a martial art that requires discipline, patience, and copious amounts of ice to soothe the daily bruises. Training here with seasoned Thai fighters is an experience like no other. Many of these athletes have […]
Thailand’s prime minister moves to outlaw marijuana after its decriminalization
Prime Minister Sureta Thavisin has announced her intention to recriminalize cannabis in Thailand due to concerns about increased criminal activity. Mr. Sletta ordered local authorities to set a 90-day deadline to crack down on criminal activity related to the illegal cannabis trade. The lack of regulation has led to widespread availability and public backlash against […]
Thailand’s former PM candidate Pita Limjaroenrat handed suspended sentence in latest legal blow | Thailand
A Thai court has handed down suspended sentences to former prime ministerial candidate Pita Rimjaroenrat and seven other politicians for holding an illegal assembly in 2019. The case comes after the country’s Constitutional Court ruled last week that the party had undermined the monarchy and national security in its campaign to change the law that […]