oleh admin | Mar 24, 2025 | business, commerce, government, roads, transportation
By Michael Foli Jackidy
Dzodze (V/R), March 23, GNA – In an effort to reduce congestion, the Ketu North Municipal Assembly, working alongside the Motor Traffic and Transport Department (MTTD) and local transport unions, has initiated a significant clearance operation aimed at removing vendors from principal roadways in Dzodze during market days.
The program, launched on March 21st, Friday, seeks to establish Dzodze as one of the ten municipalities selected for the Smart SDG Cities project.
This aligns with the government’s Resetting Ghana Agenda, aiming to enhance urban management and infrastructure.
In an interview with the Ghana News Agency (GNA), Mr. Jasper Adenyo, the Coordinating Director of the Assembly, stated that this step was crucial for updating Dzodze and organizing the town’s structure more effectively.
Despite being constructed for many years, our town can still be updated. In a smart city, it’s not acceptable for streets designed for both vehicles and pedestrians to become occupied by marketplace vendors on busy trading days. This practice of setting up merchandise along the primary routes makes effective traffic control extremely challenging.
He emphasized that Dzodze marks the beginning of the Trans-ECOWAS Highway, which is essential for large lorries coming from Niger, Mali, Nigeria, Côte d’Ivoire, and Senegal.
The existence of merchants on the routes presents a significant danger, since a braking system malfunction in one of these lorries might result in catastrophe.
We can’t just let this hazardous circumstance continue unchecked. It’s our duty to take action immediately, lest we risk losing lives.
Mr. Adenyo stated that the decongestion initiative is in line with the government’s plan for transforming cities.
Even without the Metropolitan, Municipal, and District Chief Executives (MMDCEs), the Assembly remains committed to moving forward with the plan.
We don’t need to wait for our MMDCE appointments to start making essential improvements. People would be impressed today to witness how the principal road in Dzodze on market days is now so clean that vehicles can easily pass through. Earlier, because of traffic jams, motorists struggled to travel at speeds over 20 km/h.
He mentioned that vacant spots are readily available in the marketplace, and thus, vendors have no justification for using the streets as their trading grounds.
We have requested all vendors to move their operations within the market premises. While some are cooperating, others are being unyielding. In response, we’ve utilized our DRIP units to dismantle their stands. Additionally, these devices deter unauthorized vehicle parking.
He stated that this initiative won’t just be a short-term activity; rather, it will require an ongoing commitment until the dream of transforming into a meticulously planned, modern metropolis becomes reality.
Mr. Adenyo mentioned that meetings have been arranged with motorcycle drivers to guarantee complete adherence to the updated traffic regulations.
motorcyclists must likewise follow these new regulations. we will reach out to them to make sure everybody contributes towards making dzoze a safer place.
Mr. Edward Seke, who leads the Assembly, supported the proposal as well, highlighting that street vendors endanger themselves by operating on roadsides.
We do not hope for calamity, yet consider what might occur if a moving vehicle’s brakes were to fail. Numerous individuals could perish as a result.
He pointed out an additional hurdle: some local merchants hold onto market spots that they no longer utilize, thereby blocking new entrepreneurs from establishing their ventures.
Some traders have inherited their marketplace spots from their great-grandmothers, but they no longer conduct business. In contrast, vendors from Denu, Sogakope, and Aflao visit these markets solely on market days and often find themselves competing for space. This change will provide much-needed respite for all.
Mr. Seke similarly urged the local market vendors to permit visiting sellers to operate, since various enterprises help boost economic development.
Each community that progresses does so with the support of outsiders. By limiting commercial activities to just local residents, our town won’t expand. I urge our ladies to permit other merchants to vend.
He recognized that change can initially be challenging, but encouraged the traders to conform, promising them that the result would be advantageous for everyone.
The start of any change can be challenging, yet ultimately, we will all have reason to rejoice. Let’s join hands and ensure this endeavor thrives.
Several traders voiced their approval of the program, stating that it has enhanced both security and vehicular movement.
“The roads were extremely crowded, making it risky to traverse them. Occasionally, we would have to wait up to 10 minutes merely to locate a secure place to cross or face the danger of colliding with a motorcycle,” stated a merchant to GNA.
A fellow trader commented, “I genuinely appreciate this initiative. It would be ideal if it could remain unchanged indefinitely.”
This activity is anticipated to carry on over the next few weeks, with rigorous monitoring to guarantee that traders and transportation providers adhere to the newly implemented rules.
GNA
MA/AD
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oleh admin | Mar 24, 2025 | economic policy, financial markets, macroeconomics policy, monetary policy, news
By Morkporkpor Anku
Accra, March 24, GNA – Dr. Johnson Asiama, Governor of the Bank of Ghana, has suggested implementing strategies to increase transparency regarding the Monetary Policy Committee’s decisions. This could involve releasing details of individual votes or improving the explanatory content within policy announcements.
He mentioned that the committee also had to focus on making the presentation of forecasts easier for both the general public and market participants, ensuring they could more readily grasp the fundamental policy narrative behind them.
At the commencement of the 123rd routine session of the Monetary Policy Committee (MPC) in Accra on Monday, the Governor delivered an address.
He stated that these modifications would enhance reliability and foster greater confidence in the policy structure.
Dr Asiama said the transparency of the MPC decision-making process and the communication of the forward-looking guidance could further be strengthened going forward.
He mentioned that there is an increasing perception in public discussions suggesting the Monetary Policy Committee makes decisions in secrecy, lacking transparent and data-driven rationale.
He praised the outside members of the Committee—Professors Joshua Abor and Ebo Turkson—for their enduring contributions to the group.
He stated that although inflation was declining, it still remained unacceptably high at more than 23 percent, and the advancement had been gradual, especially when measured on a monthly basis.
For example, he stated that the underlying factors driving food price inflation continued to be consistent.
The Governor stated that although the external environment is presently conducive, it is showing signs of growing volatility.
We’ve observed a robust trade surplus along with significant reserves accumulation due to gold exports and inflows from remittances,” he noted further. “However, an intensification of global tariff disputes, increasing geopolitical strains, and diminishing demand from China might alter this scenario rapidly.
He mentioned that these worldwide elements might lead to spill-over impacts on inflation, capital movements, and the steadiness of exchange rates.
Domestically, he mentioned that for the 2024 fiscal year-end results were expansionary, as the deficit surpassed projected goals.
Dr. Asiama stated that there were promising indications of consolidation at the beginning of 2025; however, doubts persisted about whether the present strategies would be sufficient to stabilize expectations and meet the forthcoming IMF program evaluations.
The Governor mentioned that financial circumstances were changing rapidly, noting an increase in liquidity within the system. Commercial banks had expressed reservations regarding the Cash Reserve Ratio framework. It was thus crucial to meticulously evaluate its broader economic impacts, particularly concerning inflation rates, foreign exchange needs, and expansion of credit.
While private sector credit showed recovery in nominal terms, real credit growth stayed moderate; banks continued to be cautious, and concerns persisted over high levels of Non-Performing Loans.
“Meanwhile, the microfinance and rural banking sectors are demonstrating initial indications of stabilization; however, ongoing recapitalization and regulatory reform will be essential to maintain trust,” he further stated.
He recognized that many of today’s issues arose from past mistakes in both monetary and fiscal policies, specifically the loss of effective fiscal strategies during times of economic strain, poor collaboration between monetary and fiscal measures, and procrastination in implementing crucial structural changes.
This led to increased inflation, hindered effectiveness of monetary policies, and a decline in trustworthiness.
He emphasized that the MPC needed to contemplate these matters without aiming to apportion blame, but rather with the objective of fortifying the institutions and preventing the recurrence of previous errors.
“There are also significant underlying problems we cannot afford to ignore, including insufficient investment in farming, ongoing discrepancies in currency values, and the necessity to expand our local financial sectors,” he stated.
These factors fall outside the purview of today’s urgent interest rate decision; however, they will influence the overall monetary policy environment in the longer term.
He mentioned that they were dealing with a combination of threats: persistent inflation, high liquidity, low real interest rates, an unstable fiscal rebound, and increasing external uncertainties.
“We also possess buffer stocks, robust reserves, positive sentiment, and the reliability of our policy framework to steer us forward,” he added.
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oleh admin | Mar 24, 2025 | business, international relations, news, politics, politics and law
WARRI
– High Chief Government Oweizede Ekpemupolo, chairman of Tantita Security Services Nigeria Limited (TSSNL); Alhaji Aliko Dangote, the prominent businessman; along with several distinguished individuals have been selected and approved for the 2025 Peace Legend Award.
Mr. Jesse Osero Amiri, the founder of Peace Legends Awards International, made an announcement stating that their organization will partner with a group of renowned researchers dedicated to peace in Nigeria and across Africa to honor the 14th edition of 100 Brands and Individuals shaping Nigeria and Africa as a whole. This event is scheduled for Saturday, April 27, 2025, in Warri.
Mr. Amiri stated that this edition will include awards for individuals who have excelled in various domains including politics, commerce, science, art, advocacy, and athletics.
He revealed that High Chief Government Oweizide Ekpemupolo will be honored with the Africa Legend of Peace award for 2025, whereas the Lifetime Achievement Award will go to prominent businessman Alhaji Aliko Dangote.
Mr. Amiri asserts that “Africa stands as the birthplace of existence, a land brimming with an array of cultures, peoples, and natural wealth. This continent has played a crucial role through its contributions of labor, effort, and materials toward global progress. Serving as the genesis of human civilization, Africa provides essential raw materials required for worldwide industrial growth.”
He emphasized that Africa is a land brimming with brilliant individuals—leaders, entrepreneurs, performers, advocates, and forward-thinkers who have crafted history and keep molding the future. He highlighted that from the fight for freedom to advancements in technology and shifts in economics, these remarkable figures have etched lasting impressions across the continent.
The Founder of Peace Legends Awards International went on to say, “As Africa’s leading nation, Nigeria has nurtured numerous individuals who have significantly impacted areas like politics, commerce, and arts, thereby molding the continent through their various contributions.”
Africa boasts numerous illustrious figures such as Nelson Mandela, an anti-apartheid activist, former president, and worldwide emblem of peace and reconciliation. Other prominent individuals include Kwame Nkrumah, a pivotal leader in Ghana’s quest for independence and pan-African unity; Obafemi Awolowo, a proponent of free education and one of Nigeria’s most influential intellectuals; Nnamdi Azikiwe, Nigeria’s inaugural president and principal nationalist leader. Additionally, we should recognize Julius Nyerere, known as the founding father of Tanzania’s independence; Paul Kagame, whose leadership catalyzed Rwanda’s recovery following the 1994 genocide; and Ellen Johnson Sirleaf, Africa’s first democratically-elected woman to lead a country and a powerful symbol of women’s empowerment.
According to Mr. Amiri, the 14th edition of the Peace Legend Award does not focus on Africa’s trailblazing figures but rather honors contemporary leaders who have made significant achievements across various fields of human endeavor. He emphasizes that the selection process was notably transparent, challenging yet comprehensive, aimed at identifying the absolute cream of leadership.
He mentioned that the award ceremony is expected to be highly thrilling because it will gather the elite from Africa in an environment that is both distinctive and incredibly engaging.
He mentioned that the elaborate event will take place at the renowned TRANSCORP Hilton Hotel, Abuja, and will be hosted by popular comedian Gordon D’Beliconi.
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oleh admin | Mar 24, 2025 | environmentalism, government, politics, society, united nations
A UN representative has called upon Thailand’s authorities, business sectors, and local populations to collaborate in order to secure the nation’s sustainable development for the future.
During a media event, Kanni Wignaraja, who serves as the Regional Director for Asia and the Pacific at the UNDP, stated that these sectors of society should work together to guarantee inclusiveness.
She likewise offered her perspectives on Thailand’s advancement towards meeting the Sustainable Development Goals (SDGs). She highlighted that the nation still encounters difficulties in attaining certain objectives, particularly those concerning biodiversity conservation and enhancing the welfare of particular communities.
Last month, Ms. Wignaraja visited Thailand to take part in the Asia-Pacific Forum on Sustainable Development 2025, which took place from February 25th to 28th at the United Nations Conference Centre in Bangkok.
While visiting, she also had meetings with multiple ministers, business delegates, and members of the local community.
She mentioned that Thailand, along with numerous other nations in the Asia-Pacific area, encounters difficulties concerning Sustainable Development Goals (SDGs) linked to climate action, biodiversity preservation, and gender equality. She highlighted that women and girls are particularly impacted by environmental deterioration and contamination.
As she explained, when we address the interconnected challenges of climate change and natural disasters alongside the consequences of environmental degradation, waste management issues, and contamination, women and girls frequently face the most severe repercussions throughout all stages of life.
These challenges appear as problems related to education, employment, and fair compensation, impacting women and girls across all stages of their lives.
She emphasized that every sector should participate in a joint endeavor to promote inclusive development, with special attention to how environmental issues affect women and girls.
Ms. Wignaraja similarly urged Thailand to utilize its abundant biodiversity via strategies such as sustainability-linked finance. This would guarantee that investments focus on both environmental preservation and societal well-being, including areas like educational initiatives, social safety nets, and support for marginalized communities such as girls, women, and seniors.
“When working with policies related to financing, it’s crucial to examine how sustainable finance connects. Essentially, you leverage your natural resources and identify the sustainability indicators. The expense of obtaining loans for these natural assets must be factored in too. This applies regardless of whether you’re an individual household, a small business, or even at a national scale,” she explained.
She emphasized the significance of cooperation between the government and the private sector to bring about lasting transformation. She highlighted that major corporations should particularly assume accountability for their ecological footprint and play a role in restoring Thailand’s natural resources.
“Larger corporations bear significant responsibility to avoid causing damage to our planet and depleting natural resources, as well as to restore and enhance the environmental wealth that Thailand possesses,” stated Ms. Wignaraja. She further urged financial institutions and small business owners to participate in these collaborative initiatives.
She stated that government policies should focus on improving citizens’ daily lives and addressing their requirements. Adopting this strategy guarantees that progress is both fair and enduring.
While visiting Thailand, Ms. Wignaraja went to Phetchaburi where she observed the signing of an agreement between the UNDP and Phetchaburi province aimed at promoting bioeconomy initiatives that would advantage both communities and the environment.
Phetchaburi serves as an exemplary case of successful collaboration between public and private sectors for enhancing biodiversity, thanks to alliances formed among entities such as the UNDP’s Biodiversity Finance Initiative, Krungthai Bank, and Onep. Additionally, this region holds recognition from UNESCO as a Creative City of Gastronomy and boasts Kaeng Krachan National Park, which stands as a designated World Heritage site.
She pointed out Phetchaburi as a case where the government, enterprises, and local residents worked together to boost economic development while safeguarding the environment. Initiatives such as birdwatching tours and shrimp aquaculture in the province have contributed to equitable progress within the community.
Ms. Wignaraja stated that Thailand exemplifies how linking different industries can result in both wealth creation and environmental preservation. She pointed out that the distinct circumstances of each province present chances for novel ideas and advancement.
Thailand has implemented novel approaches within its policy development procedures to involve citizens in decision-making processes via the Thailand Policy Lab. Established by the National Economic and Social Development Council in partnership with the UNDP, this initiative seeks to foster inclusivity in tackling the nation’s intricate issues, particularly as Thailand progresses towards becoming an upper-middle-income economy.
“I observe a fresh enthusiasm and significant dedication from Thailand towards advancing the sustainable development goals,” she stated. “As these objectives become integrated into Thai policy, it’s essential that they prioritize the needs of individuals, taking into account their interconnectedness and changing circumstances. This approach ensures that all stakeholders—including businesses, municipal authorities, and global collaborators—are engaged in shaping a more sustainable future.”
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oleh admin | Mar 24, 2025 | asia, education, educational systems, public education, thailand
The Office of the Education Council (OEC) has dismissed a report that ranked Thailand’s educational system lower than those of most other ASEAN nations, stating that the rankings lacked concrete evidence and did not accurately depict the present circumstances.
According to the 2025 education rankings from World Population Review, a site focused on demographic information, Thailand ranks 107th out of 203 nations surveyed and falls behind most Southeast Asian neighbors. The top-ranking ASEAN country is Singapore at position 11, followed by Brunei at 47, Indonesia at 67, Vietnam at 53, the Philippines at 71, Malaysia at 89, and Laos at 102. Among all ASEAN members, only Myanmar and Cambodia have worse placements than Thailand.
The top ranking went to South Korea, with Denmark and the Netherlands following closely behind.
Associate Professor Prawit Erawan, who serves as the secretary-general of the OEC, stated that the rankings were at odds with the information cited from the yearly Best Countries Report compiled by US News and World Report, BAV Group, and the Wharton School of the University of Pennsylvania.
The report encompassed 73 nations and placed Thailand at 48th position, ranking third within ASEAN after Singapore at 22nd and Malaysia at 37th. Laos and Brunei did not appear in the listings.
Mr. Prawit stated that The World Population Review didn’t provide additional details about the rankings. Therefore, claiming that Thailand was at the lower end might be premature and should be examined and understood with caution.
He mentioned that additional data displayed on the site included the literacy rates per country as of 2021, failing to capture the present circumstances.
The OEC has been carrying out its independent evaluation of literacy rates among Thai individuals who are 15 years old and above. According to him, the preliminary literacy rate stood at 99%, which is the highest within ASEAN. The definitive outcomes will be released towards the end of this month.
Mr. Prawit stated that every organization has its distinct objectives and roles. Individuals ought to concentrate on the literacy rates since they provide a clearer indication of the comparative strengths and weaknesses of different countries.
Mr. Prawit mentioned that the World Population Review rankings highlighted the necessity for Thailand to remain vigilant and take decisive action regarding issues within its educational framework and strive for further development of the sector.
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oleh admin | Mar 24, 2025 | government, government regulations, political corruption, politics, politics and government
The ongoing poor governance under PM Paetongtarn continues to push both herself and us toward ruin. For an administration to operate efficiently, equitably, and with transparency while prioritizing the welfare of the public, she needs to emphasize: (1) The Rule of Law — laws must be unambiguous, just, and uniformly enforced to guarantee responsibility and fairness. However, for example, instead of making former anti-corruption official Vicha Mahakun’s report on overhauling the police force and public prosecutors’ offices accessible to the public, she has kept it hidden, not to mention acting upon it.
(2.) Transparency — Government choices, policies, and activities must be accessible to examination, ensuring the public has informational access. However, former convict Thaksin Shinawatra spent several months “incarcerated” in an opulent hospital room, raising significant questions about his actual health condition. Despite this controversy, the administration did not permit medical professionals deemed acceptable by both sides to monitor his treatment without compromising his privacy.
3. Accountability — Leaders and officials should be responsible to the public and oversight bodies that monitor their conduct. However, in 2005, during an incident in Tak Bai, 78 detainees who were bound together died from asphyxiation or being crushed while under Royal Thai Army supervision. No one has faced accountability for this tragedy at Tak Bai; the current prime minister’s party, Pheu Thai, allowed the commanding general at the time to leave the country before legal action could be taken, as the statute of limitations ran out.
4. Participation — There should be chances for citizens to participate in decision-making processes. However, when 120 prominent Thai economists, including former Bank of Thailand governors, publicly rejected the rationale behind the Prime Minister’s plan to distribute B10,000 to millions of Thais, the government chose not to engage in discussion about it.
5. Responsiveness — Government organizations ought to cater effectively to the requirements of every citizen. However, 65% of Thai individuals between the ages of 15 and 65 find it difficult to understand basic directions on medication packaging, yet the administration has not implemented comprehensive educational reforms.
6. Equity and Inclusiveness — The government has consistently fallen short in addressing the requirements of our fellow southerners who face ongoing political instability. Without a comprehensive strategy, we prolong our state of emergency for an additional three months each time—renewing this measure an astounding 79 occasions thus far.
7. Efficacy and Productivity — According to the World Population Review, our educational system was placed at 107th globally due to inadequate teacher quality. The teaching methodology continues to emphasize memorization over critical thinking.
8. Consensus-Oriented — Policies should be based on broad agreement among stakeholders, balancing different interests. PM Paetongtarn repeatedly sought to bend the central bank to her will — even saying that its independence was “an obstacle” to solving economic problems.
Prime Minister, grant us excellent governance.
Burin Kantabutra
Rational reform unlikely
Re: “visa blunder,” (Mailbag, March 22).
While I concur with many points made by Sarah Palin in her piece “visa folly,” the proposed strategy to address illegal behavior through law enforcement rather than visa policies isn’t feasible for Thailand’s ineffective government due to its limited oversight over the also inefficient Royal Thai Police.
Additionally, the suggestion of adding a “10,000 to 15,000 baht infrastructure services fee for each yearly visa renewal” does not hold up because expatriates already contribute through a 7% VAT on purchases and services (potentially increasing to 10% in September). Moreover, most expats regularly inject money into the economy, functioning akin to unofficial foreign direct investment.
The administration may opt to invest in sophisticated digital screening for incoming visitors from nations with high incidences of fraud and criminal behavior. As an illustration, despite being perceived as Thailand’s ally by some uninformed individuals, China possesses extensive individual records on all its citizens. This information could potentially be analyzed through artificial intelligence systems and integrated into the Thai visa application procedure via biometric identifiers such as fingerprints and face recognition technology. Additionally, various other databases hold valuable resources that can enhance this process similarly effectively.
The sole challenge in enacting sensible reforms nationally is persuading the Thai government to prioritize the welfare of the Thai people.
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oleh admin | Mar 24, 2025 | bitcoin, business, cryptocurrency, future of cryptocurrencies, tourists
Travelers flock to Phuket due to its beautiful shores, renowned night scene, and bustling tourist industry. The acceptance of cryptocurrency in Thailand is growing steadily via increased use of digital payments, particularly emphasizing the Phuket area. Seamless bitcoin exchanges across borders will transform how tourists interact financially with local businesses, paving the way for a more decentralized economic landscape.
The Emergence of Cryptocurrencies in Thailand
Thailand has emerged as a contemporary participant in the global digital economy scene. Both the Thai government and financial authorities recognize the potential of cryptocurrencies along with blockchain technology. They are currently formulating suitable regulations aimed at safeguarding consumers and promoting technological advancement.
The Bank of Thailand, along with the Securities and Exchange Commission (SEC), has authorized certain cryptocurrency exchanges, prompting businesses in Phuket to adopt Bitcoin as an alternative payment method. This development enables digital transactions like converting USD to BTC within the nation.
The growing acceptance of Bitcoin by business establishments such as hotels, restaurants, and tour operators allows tourists to utilise this cryptocurrency instead of conventional banking methods and cash transactions.
Foreign travellers can achieve this transformation through platform exchanges to generate BTC, which they store in digital wallets for simple electronic payments. This change provides both convenience and follows the worldwide increase in electronic transactions.
Why Tourists Prefer Bitcoin Transactions
Tourists who visit Phuket must deal with currency exchange difficulties, fees, and security concerns in their financial matters. Tourists frequently struggle to exchange USD to Thai Baht because this process includes volatile exchange rates and fee expenses and requires carrying physical cash. Through decentralised transaction processing, Bitcoin provides tourists with transparent alternative payment methods.
Bitcoin enables travelers to avoid substantial exchange fees and eliminates the necessity for intermediaries in their monetary exchanges. The platform processes payments quickly without requiring cash or credit cards as alternative forms of payment. Travelers can enhance their protection against fraud and theft through Bitcoin transactions that keep sensitive information secure.
Bitcoin stands out as a great option for tech-savvy and financially conscious travelers due to its alignment with their favored payment systems. By accepting Bitcoin, Phuket becomes even more appealing to digital nomads and extended-stay visitors since numerous individuals frequently handle cross-border payments through cryptos.
Companies Pioneering the Digital Payments Transformation
The use of Bitcoin for transactions has grown significantly across various industries in the Phuket market. High-end resorts began accepting Bitcoin as a method to pay for stays, while upscale eateries, cafes, and health spas introduced cryptocurrency payment options. Additionally, local tourism businesses have adopted digital payments via Bitcoin, enabling tourists visiting the island to reserve a range of experiences such as excursions and scuba diving using this virtual currency.
Retail businesses and shopping centers in Phuket have started accepting BTC payments for items such as souvenirs, clothes, and electronics. This move aims to make transactions easier for international tourists and broaden their customer reach across different currencies.
Cryptocurrency exchanges and financial technology start-ups team up with businesses in Phuket to provide seamless services for converting Bitcoin into local currency. Retailers can manage Bitcoin transactions via payment acceptance methods, as these conversions can be quickly switched into Thai Baht to deal with market volatility and ensure economic stability.
Support from Government and Regulatory Environment
Thailand’s authorities have proactively created laws aimed at facilitating the widespread acceptance of digital assets across the country. Both the Bank of Thailand and the Securities and Exchange Commission (SEC) have put in place measures for monitoring cryptocurrency transactions, ensuring compliance with anti-money laundering (AML) and combating the financing of terrorism (CFT). This regulatory framework has positioned Thailand as a frontrunner within Southeast Asia regarding the endorsement of cryptocurrencies.
Local authorities throughout Phuket strive to adopt blockchain-based solutions to enhance tourism service operations. Implementing blockchain solution pilot projects for authentication, secure digital transactions, and smart contracts testing will enhance Phuket’s role as a digital payment hub.
The government supports digital payment systems with the aim of helping Thailand become a cashless society. They strongly believe in advancing financial innovation via initiatives related to central bank digital currencies and by forming alliances with global fintech organizations.
The Upcoming Trends in Digital Payments in Phuket
The use of Bitcoin for tourism transactions in Phuket is likely to significantly transform the sector over the coming years. By accepting BTC as a form of payment, local enterprises can enhance their financial inclusivity, thereby opening up opportunities to cater to a global customer base with fewer limitations.
Phuket could witness improvements in its digital payment systems via upcoming decentralized finance (DeFi) platforms. These DeFi services enable users to earn returns from lending and borrowing activities, along with Bitcoin transactions, providing fresh investment opportunities for both visitors and entrepreneurs in Phuket.
As cryptocurrencies gain global acceptance, their integration into the tourism sector in Phuket using Bitcoin could set a precedent for widespread implementation at travel destinations around the world. This shift towards accepting Bitcoin not only facilitates transactions but also leverages blockchain technology’s secure system, potentially revolutionizing how we handle financial exchanges during travels globally.
Digital payments in Phuket create a new system that changes visitor-business transactions across the island. Using Bitcoin as an accepted payment solution today solves most exchange problems with traditional currencies while providing users with modern payment convenience and security.
With government support, emerging enterprises centered around cryptocurrencies along with a tech-savvy tourism industry, Phuket stands a strong chance of becoming a key hub for cryptocurrency transactions. By spearheading the digital finance revolution, Phuket enhances its appeal as a premier travel location.
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oleh admin | Mar 24, 2025 | racing, sports, thailand, tournaments, tours
The Princess Maha Chakri Sirindhorn’s Cup Tour of Thailand 2025 is set to start on Monday with the men’s competition in Sa Kaeo.
The event, which will run until April 2, will take place in nine districts of Sa Kaeo with a total distance of 1,071.21km.
The inaugural stage on Monday will begin and end in Aranyaprathet, covering a total distance of 121.42 kilometers. The opening ceremony, which will be attended by Sa Kaeo Governor Parinya Photisat, is scheduled for 8 am.
The Tour of Thailand has announced plans to participate in celebrating Her Royal Highness Princess Maha Chakri Sirindhorn’s 70th birthday on April 2nd. The race this year will take place across prominent tourist destinations such as the Sdok Kok Thom Historical Park, Pang Sida National Park, and Rong Kluea Market, according to General Decha Hemkrasri, who serves as the president of the Thai Cycling Association (TCA).
Thanakarn Chaiyasombat, representing the Thailand Continental Cycling team, stated, “I’m prepared for this event. My teammates and I have put in extensive training sessions. Recently, we competed against numerous formidable teams from both Europe and Asia during the Tour of Taiwan, and many of these squads will also join us in the upcoming Tour of Thailand. Every participating team boasts considerable strength, making this contest highly thrilling.”
“I hope the supporters will encourage both the male and female teams. We will strive to perform our best,” he said additionally.
A fellow Thai rider, Peerapol Chaochiangkwang, stated, “The Tour of Taiwan served as a preparatory event for our team. Although it was rather chilly in Taiwan, the climate here in Thailand is extremely warm; however, it’s not as scorching as it was last year. Most of the courses consist of flat terrain, yet the challenge lies in strong winds and stages being shorter than usual. Nonetheless, our objective is to secure at least the title of the top ASEAN cyclist. We aim to perform our absolute best in this contest.”
The male competition consists of six phases and concludes on March 29. The female contest, comprising three stages, will take place from March 31 to April 2.
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oleh admin | Mar 24, 2025 | business, healthcare and medicine, human rights, politics and government, social issues
By Senyo ADJABENG\xa0
In business literature, Human Resources (HR) is often portrayed as a strategic partner, a critical player in shaping organizational culture, driving employee engagement, and aligning workforce capabilities with business objectives.
The argument sounds convincing: Human Resources isn’t merely focused on payroll and compliance anymore; it’s become fundamental for an organization’s success. However, underneath this shiny exterior hides a less optimistic truth.
Despite the lofty theories and aspirational narratives, HR is frequently sidelined in executive decision-making, relegated to administrative tasks, and viewed as a cost center rather than a strategic asset.\xa0 This article delves into the sarcasm embedded in HR theory, exploring the gap between what is preached in Hr School as against what is practiced in organizations.
The Strategic HR Myth
For many years, the notion of Strategic Human Resource Management (SHRM) has been a prominent topic within human resources literature. Pioneers like my esteemed mentor Dave Ulrich have advocated for the perspective that HR ought to serve as a strategic ally, playing an essential role in shaping and implementing corporate strategies (Ulrich, 1997).
The theory posits that HR professionals should sit at the executive table, influencing decisions on mergers, acquisitions, market expansions, and other critical business moves.\xa0 However, the reality often falls short of this ideal.
In practice, HR’s role in strategic decision-making is frequently limited.\xa0 A study by Kaufman (2015) found that while HR leaders are often involved in discussions about workforce planning and talent management, their influence wanes when it comes to broader business strategies.
The study revealed that only 34% of HR leaders were regularly included in high-level strategic meetings, and even fewer had a significant impact on the outcomes of those discussions.\xa0 This disconnect between theory and practice underscores the sarcasm in HR’s supposed strategic role.
A major factor behind HR’s restricted impact stems from its persistent connection to administrative duties. Even as efforts are made toward greater strategic alignment, these departments frequently find themselves preoccupied with routine activities such as handling payroll, administering benefits, ensuring compliance, and overseeing employee interactions.
These duties, though crucial, fail to significantly boost HR’s standing within the company. According to a Deloitte study from 2017, 60% of HR professionals dedicate most of their time to clerical work, which leaves minimal space for strategic activities.
The administrative strain is intensified due to the growing intricacy of labor laws and regulations, compelling HR departments to allocate substantial resources towards adherence. Consequently, HR tends to be seen more as a bureaucratic unit instead of a strategic ally, thereby solidifying its marginalization from high-level decision-making processes.
Once more, perception significantly influences where HR stands within organizations. Even with the attempts made by HR leaders to recast their department as strategic, numerous executives continue to see HR through a limited perspective. According to research conducted by Wright and Nishii in 2013, CEOs along with other high-ranking executives frequently
view HR as a supportive role instead of a central business component. This viewpoint stems from the traditional function of HR as a personnel department, concentrating on recruitment, termination, and maintaining staff documents. The issue with this perception is exacerbated by the insufficient understanding of finance among HR practitioners.
According to a report from the Harvard Business Review in 2018, merely 25% of HR leaders expressed confidence in understanding and interpreting financial documents or participating effectively in fiscal conversations. This deficiency in financial expertise hampers HR’s standing as a key strategic ally, complicating efforts for these leaders to secure positions among high-level executives.
The Power Dynamics
The distribution of authority inside businesses significantly contributes to the sidelining experienced by human resources departments. Often in numerous corporations, financial and operational divisions hold sway in upper management, where these sections’ heads have substantial impact on key choices. Conversely, HR tends to be perceived as an auxiliary unit, possessing minimal leverage to contest prevailing practices.
Pfeffer’s 2010 research underscored the disparity of power between human resources and other departments, observing that HR executives frequently find themselves sidelined from crucial decisions due to their insufficient political clout to sway results.
This power dynamic is exacerbated by the perception of HR as merely a cost center, where its funding and resources come under close examination and reduction when finances are tight.
One of the core tenets of HR theory is that HR should act as an advocate for employees, ensuring that their needs and concerns are addressed by the organization.\xa0 However, this role often puts HR in a difficult position, caught between the interests of employees and the demands of management.
A study by Guest and Conway (2011) found that HR professionals often struggle to balance their dual roles as employee advocates and organizational gatekeepers.\xa0 This tension can lead to a loss of trust among employees, who may see HR as being more aligned with management than with the workforce.
Meanwhile, executives might see HR as concentrating excessively on employees’ issues rather than prioritizing business goals. This paradoxical predicament exacerbates the challenges faced by HR in shaping high-level decisions.
How HR Can Actually Secure a Spot at the C-Suite Table
The desire for HR to gain recognition as a strategic ally and earn a place at the top management table isn’t recent. Yet, realizing this ambition necessitates more than mere talk or abstract models; it calls for a concrete, systematic, and comprehensive strategy to transform HR into an essential catalyst for business achievement.
Even with these difficulties, HR has actions available to boost its strategic importance and earn a spot at the executive level. A major emphasis should be placed on improving financial understanding amongst HR practitioners.
By improving their grasp of financial statements, budgeting, and cost management, HR leaders can communicate in the language of business and play a more effective role in strategic conversations.
Another important step is to leverage data and analytics to demonstrate HR’s impact on business outcomes.\xa0 By using metrics such as employee engagement scores, turnover rates, and productivity data, HR can make a compelling case for its role in driving organizational performance.
According to a study conducted by Bersin in 2016, organizations with robust HR analytics capabilities were two and a half times more probable to have their HR leaders engaged in making strategic decisions.
Human Resources needs to focus on strengthening ties with departments like finance and operations. Through closer collaboration with these teams, HR can develop a clearer insight into company objectives and ensure that its programs support overall strategic aims.
Such interdisciplinary teamwork can aid in dismantling departmental barriers and establish HR as an essential part of upper management. HR should transition from merely responding to issues to proactively foreseeing and tackling organizational requirements.
Achieving this involves synchronizing HR tactics with the company’s overarching purpose, aspirations, and key strategic directions. It is essential for HR executives to engage proactively in conversations about corporate strategy so they can grasp the organization’s objectives, hurdles, and potential areas for growth.
This enables HR to tailor its initiatives to support these objectives.\xa0 HR must identify areas where it can create the most value for the organization.
HR Must Think Like a CEO
To gain credibility in the C-suite, HR leaders should think beyond their function and consider the broader business implications of their decisions. This includes understanding market trends, customer needs, and competitive pressures.\xa0 HR must demonstrate the return on investment (ROI) of its initiatives.
This involves transitioning from perceiving HR as merely a cost center to recognizing it as a contributor of value. It is essential for HR to showcase success stories that underscore its impact on business results. Additionally, HR needs to embrace calculated risks and innovation, which illustrates their strategic thinking and capacity to instigate transformation.
Ultimately, HR executives should take proactive steps to secure a place in the C-suite. This requires addressing traditional biases and showcasing HR’s contributions to the company. It also entails developing ongoing connections with influential mentors or advocates within the C-suite who can champion HR’s involvement in key strategy talks.
Altering perspectives requires patience, yet perseverance leads to success. Therefore, HR needs to consistently showcase its worth and strive for a prominent position at decision-making tables.
Gaining a spot in the C-suite isn’t straightforward for HR professionals, yet it’s attainable through effective strategies. Once HR manages to secure a seat at the executive table, it enhances both its own function and supports the broader organizational goals over time.
For Further Reading…
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Bersin, J. (2016).
The Part Played by Human Resources Analytics in Shaping Strategic Choices
. Deloitte University Press.
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Harvard Business Review. (2018). The Disparity in Financial Literacy within Human Resources. Harvard Business Publishing.
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Pfeffer, J. (2010).
Influence: Why Certain Individuals Possess It While Others Do Not
’
t
. HarperBusiness.
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Ulrich, D. (1997).
Human Resource Champions: The Next Agenda for Adding Value and Delivering Results
. Harvard Business School Press.
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Wright, P. M., and Nishiumi, L. H. (2013).
Strategic Human Resource Management and Organizational Behavior: Combining Various Analytical Levels
Cornell University’s ILR School.
Provided by Syndigate Media Inc. (
Syndigate.info
).
oleh admin | Mar 24, 2025 | soccer, sports, tournaments
The sixth match day of the FIFA World Cup qualifiers begins on Sunday, March 23rd, after an thrilling conclusion to match day five on Saturday.
CAFOnline emphasizes five crucial matches to watch in Match Day 6.
GROUP I: Madagascar versus Ghana
Fresh from their decisive 5-0 win against Chad in the preceding round, Ghana tops Group I with 12 points and is set to play away against Madagascar, which holds second position with 10 points.
The victor of this encounter will gain momentum and move one step nearer to securing their spot at the international tournament.
GROUP C: Benin versus South Africa
In Group C of the qualifiers, an thrilling confrontation awaits between the frontrunners from South Africa and the runners-up from Benin.
As the host, Benin will strive for three points to secure first place in the group, whereas the Southern African nation hopes to extend their lead at the top, where they currently hold a two-point advantage.
GROUP D: Cameroon versus Libya
When Cameroon faces Libya, they will strive to narrow the gap between themselves and group leaders Cape Verde. Currently positioned second, only one point separates them from Cape Verde at the top of Group D. Meanwhile, Libya sits in third place with eight points under their belt.
A victory will be crucial for the Indomitable Lions to maintain their path toward World Cup qualification, even as they face the challenging task of competing against a formidable and tenacious Libyan squad.
GROUP G: Algeria vs. Mozambique
In Group G, Algeria ties for first place with Mozambique, each accumulating 12 points, but Algeria holds an edge.
This match carries great importance for both squads since securing these three points would put one team alone at the summit and bring them nearer to qualifying.
GROUP A: Egypt versus Sierra Leone
In Group A, Egypt, leading with 13 points, will go up against Sierra Leone, which holds the second position alongside Burkina Faso, each having accumulated 8 points.
This game is vital for Egypt’s quest to reach the World Cup, with their chances of qualifying potentially depending on the result of this encounter.
On the contrary, Sierra Leone aims to break Egypt’s winning streak in the qualifiers and cut the point difference by two if they manage to win in Egypt.
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Syndigate.info
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