Latest news with #ThaiBaht
&w=3840&q=100)
Business Standard
2 days ago
- Business
- Business Standard
EPL shares gain after ₹11.4 crore investment in Thai unit to aid expansion
Shares of EPL Ltd. rose nearly 3 per cent in Thursday's intraday session after it made an investment of ₹11.4 crore in its Thailand unit, EPL Packaging (Thailand) Co., which is involved in the manufacturing and trading of laminated tubes. The packaging company's stock rose as much as 2.73 per cent during the day to ₹244.9 apiece. The counter pared gains to trade 2 per cent higher at ₹243 apiece, compared to a 0.55 per cent advance in Nifty 50 as of 12:02 PM. Shares of the company snapped a three-day losing streak on Thursday and have risen over 28 per cent from its recent lows in April. The scrip has fallen 6.5 per cent so far this year, compared to a 4.6 per cent advance in the Nifty50. EPL has a market capitalisation of ₹7,759.12 crore, according to BSE data. EPL invests ₹11.4 crore in Thai unit for expansion EPL has invested an additional 43,000,000 Thai Baht (approximately ₹11.4 crore) in its wholly-owned Thai subsidiary, EPL (Thailand), as of June 4, 2025. The investment follows the receipt of all necessary regulatory approvals in India and Thailand, it said in an exchange filing. EPTL, which operates in the manufacturing and trading of laminated tubes, was established to pursue growth opportunities in Thailand. The latest capital infusion is part of EPL's ongoing commitment to strengthen its presence in Southeast Asia, the company said. The total amount invested by EPL, including earlier contributions, covers 100 per cent of the payment required for the subscription of 5,74,200 shares of EPTL, each with a face value of 100 Thai Baht. Simultaneously, Lamitube Technologies Ltd (LTL), another wholly-owned subsidiary of EPL, also invested the full amount required to subscribe to 5,800 shares of EPTL, the statement said. About EPL EPL is the largest global speciality packaging company, manufacturing laminated plastic tubes catering to the FMCG and Pharma space. Employing over 3,500 people representing over 25 different nationalities, EPL functions in eleven countries through 21 manufacturing facilities, and is continuing to grow every year.
Yahoo
27-05-2025
- General
- Yahoo
Indonesia reels in record haul of meth from fishing boat
Indonesian authorities seized two tons of crystal methamphetamine hidden on a fishing boat and arrested six people in the country's biggest-ever drug bust, officials said Monday. The National Narcotics Agency, or BNN, said Thai authorities had notified them that the Indonesian-flagged vessel, sailing from the Andaman Sea to Batam Island, could be carrying a huge haul of narcotics. Indonesian authorities said they intercepted the boat in waters off the Riau islands last Tuesday, and found 2,000 packages of crystal meth stuffed into cardboard boxes hidden within the ship. "The result of the search is two tonnes of crystal methamphetamine," BNN chief Marthinus Hukom told a press conference. "This is the biggest haul in Indonesia's narcotics bust history." Authorities released images of handcuffed suspects wearing orange jumpsuits and face masks sitting in front of hundreds of packages of the alleged drugs. Marthinus estimated the drugs to be worth more than $4 million. Indonesian authorities investigated the case over the last five months, working closely with Thai authorities. The illicit drugs were produced in the "Golden Triangle" region where Thailand, Laos and Myanmar meet, and were smuggled by an organized crime group working with Indonesian traffickers, Marthinus said. Six people onboard the fishing boat were arrested, including four Indonesians and two Thai nationals. The crew told authorities they were fishermen recruited by the drugs syndicate which promised to pay them 50,000 Thai Baht ($1,500) and a $3,000 bonus. Marthinus said a fugitive from Thailand was behind the operation and that Indonesia would issue a red notice for the trafficker. Monday's drug bust was the second major drug seizure this month. Indonesian authorities previously seized 1.2 tons of crystal meth and more than 700 kilograms of cocaine inside a Thailand-flagged fishing boat near the Riau islands. Authorities said they arrested five people and released an image of the suspects on ship with packages of drugs and armed officers behind them. In a separate case, Indonesian authorities arrested an Australian on Monday for allegedly smuggling cocaine on the tourist island of Bali, a charge that could carry the death penalty, officials said Monday. Indonesia has extremely strict drug laws, and convicted smugglers are sometimes executed by firing squad. The Associated Press contributed to this report. Delta Air Lines' 100th year takes flight Trump delivers Memorial Day remarks at Arlington National Cemetery Full interview: Jack McCain on "Face the Nation"
The Star
26-05-2025
- The Star
Indonesia seizes record two tonnes of crystal meth hidden in fishing boat
BATAM, Indonesia (AFP): Indonesian authorities seized two tonnes of crystal methamphetamine hidden on a fishing boat and arrested six people in the country's biggest-ever drug bust, a senior narcotics official said Monday. The National Narcotics Agency, or BNN, said Thai authorities had notified them that the Indonesian-flagged vessel, sailing from the Andaman Sea to Batam Island, could be carrying a huge haul of narcotics. Indonesian authorities intercepted the boat in waters off the Riau islands last Tuesday, and found 2,000 packages of crystal meth stuffed into cardboard boxes hidden within the ship. "The result of the search is two tonnes of crystal methamphetamine," BNN chief Marthinus Hukom told a press conference. "This is the biggest haul in Indonesia's narcotics bust history." Marthinus estimated the drugs to be worth nearly $308,000,000. Indonesian authorities investigated the case over the last five months, working closely with Thai authorities. The illicit drugs were produced in the "Golden Triangle" region where Thailand, Laos and Myanmar meet, and were smuggled by an organised crime group working with Indonesian traffickers, Marthinus said. Six people onboard the fishing boat were arrested, including four Indonesians and two Thai nationals. The crew told authorities they were fishermen recruited by the drugs syndicate which promised to pay them 50,000 Thai Baht ($1,500) and a $3,000 bonus. Marthinus said a fugitive from Thailand was behind the operation and that Indonesia would issue a red notice for the trafficker. Monday's drug bust was the second major drug seizure this month. Indonesian authorities previously seized 1.2 tonnes of crystal meth and more than 700 kilograms of cocaine inside a Thailand-flagged fishing boat near the Riau islands. Indonesia has some of the world's toughest anti-drug laws, including capital punishment for some trafficking cases. - AFP
Time of India
19-05-2025
- Business
- Time of India
Planning a trip to Thailand? Here's what's changing from May 2025
Thailand has implemented significant changes to its visa policies as of May 2025, affecting travelers worldwide, including those from India. These updates aim to enhance immigration controls and streamline entry procedures. Financial proof requirement reinstated As of May 2025, Thailand has reinstated the requirement that applicants for tourist visas provide proof of income. This regulation, which was temporarily suspended in November 2023 to encourage travel during the pandemic, has been reinstated and will now demand that anyone coming on a tourist visa demonstrate that they have the means to support themselves while on vacation in the country. Applicants will be required to provide proof that they have a minimum of 20,000 Thai Baht (about USD 550) in available funds. Acceptable documents include three months' worth of bank statements or, if the trip is being sponsored by someone else, a letter of sponsorship. Thai embassies around the world implement this condition, which is made explicit on Thailand's official e-Visa website. Introduction of the Thailand Digital Arrival Card (TDAC) Apart for the requirement of financial proof, Thailand has also implemented the Thailand Digital Arrival Card (TDAC) system on May 1, 2025. Any non-Thai nationals travelling by air, land, or sea must electronically complete the TDAC, At least three days before their arrival, . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cost Of Amusement Park Equipment From Mexico Might Surprise You - See Tips Amusement Park Equipment | search ads Click Here Undo Reports add that the conventional paper TM6 arrival card has been replaced by this digital form, which would require travellers to submit their information about passport, their travel and lodging arrangements, and any recent medical disclosures. In addition to supporting public health initiatives, the TDAC seeks to improve security and expedite immigration processes. Read more: 6 legendary hill forts in India for killer views and vibes Potential reduction in visa-free stay duration Thailand also intends to reduce the 60-day visa-free stay for tourists to 30 days. Concerns about visa abuse have prompted an examination of this proposed amendment, which aims to enhance immigration laws. Currently, citizens of 93 countries, including India, are allowed entry without a visa for a maximum of 60 days. This policy may be modified to address issues with overstays and illegal activities by certain guests. Read more: Kailash Mansarovar Yatra 2025: Back after 5 years—route, dates, and preparations Thailand's move towards more stringent immigration laws is reflected in these policy measures. Visitors to Thailand should make sure they fulfil the new requirements, which include completing the TDAC prior to arrival and presenting proof of finances. Entry may be refused or other issues may arise if these rules are broken. Travellers should stay informed about the most recent visa regulations and seek accurate information from Thai embassies or official sources. Even though Indian visitors are now able to enter without a visa, it is important to keep an eye out for any changes to this policy. A seamless trip to Thailand can be ensured by following the new guidelines. One step to a healthier you—join Times Health+ Yoga and feel the change
News18
19-05-2025
- Business
- News18
Heading to Thailand in 2025? This One Document Could Make or Break Your Trip
Last Updated: If you're heading to Thailand after May 2025, plan ahead If Thailand is on your summer holiday wishlist, there's an important update you need to know. Starting May 2025, the Thai government has reintroduced financial proof requirements for tourist visa applicants — a policy that had been suspended since late 2023 to boost tourism in the post-COVID era. What's Changing? Under the new rules, anyone applying for a tourist visa to Thailand must now demonstrate financial stability. Specifically, travellers will need to show access to at least 20,000 Thai Baht (approximately USD 550 or EUR 510) by submitting one of the following: Bank statements from the past three months A valid sponsorship letter from a third party Along with financial proof, the visa application requires: A passport valid for at least 6 months One recent passport-sized photograph Proof of residence (utility bill, rental agreement, etc.) Confirmed round-trip flight tickets This policy has already come into effect at several Thai embassies, including those in the U.S., France, and Norway, signalling a move towards tighter pre-travel scrutiny. From 1 May 2025, all international travellers, regardless of visa status, must apply for a Thailand Digital Arrival Card (TDAC) at least three days before landing. This mandatory pre-arrival registration is part of the country's efforts to digitise and streamline immigration processes. What About Visa on Arrival? Travellers opting for a Visa on Arrival (VoA) are not entirely exempt from checks. Thai immigration officers can request proof of financial means at the border, and although enforcement has varied in the past, stricter scrutiny is expected going forward. Why the Policy Shift? Thailand's move reflects a broader shift from pandemic-era tourism incentives to tighter immigration controls. While it may help reduce visa abuse and illegal overstays, it also adds an extra layer of complexity — especially for spontaneous travellers or those with limited access to formal banking documentation. If you're heading to Thailand after May 2025, plan ahead. Whether you're applying for a tourist visa or entering visa-free, financial proof and a digital arrival card are likely to become essential parts of your travel checklist.
