Calls to Devalue Baht Bank of Thailand (BoT) chairman Chatumongol Sonakul has proposed devaluing the Thai baht, as it would boost export revenue in the tourism and agricultural sectors. Fiscal Policy Research Institute adviser Olarn Chaipravat added his agreement on Wednesday. Speaking at a discussion group on Thailand’s macroeconomy, former deputy Prime Minister Olarn stated [...]

Suspects in Yesterday’s Bombing Arrested Thai Police have arrested two people suspescted of being involved in the early afternoon car bomb attack on a busy restaurant in Narathiwat that resulted in the injury of 42 people on Tuesday. Police believe the two men are underlings of Amran Ming, a chief of the Runda Kumpulan Kecil [...]

UAE Still Welcoming to Thaksin A legal adviser for former premier Thaksin Shinawatra, Noppadon Pattama, has stated that reports were erroneous that the United Arab Emirates had asked the fugitive politician to exit the country for the reason that it does not want to support his political actions. Mr Noppadon told reporters that the UAE [...]