Wednesday’s news-July 3 -

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Easing booze sale rule considered/Fixing flaws in booze law/Consumers ‘can open parcels before paying’/Ambitious ‘Zero Dropout’ Program/Thailand extends diesel price cap/Another one million trees/EVs face insurance hurdles/Second Alzheimer’s Drug Approved/Economy: Bangkok third most expensive city/Thailand-China Railway Project/Bt276 billion in borrowing/EEC is key to industrial growth/Thailand Encouraged to Embrace Solar Energy/Property rules could mimic Singapore/To extend loan repayment period/Shippers expect growth of 1%-2%/Myanmar Financing: Risky business/Tourism: Duty-Free Arrival Stores To Be Closed/Travel alert for Thailand/17.5 million foreign tourists/Phuket’s Inadequate Infrastructure/Banyan Group Expands in Phuket/Canadian Man Found Drowned/Thailand Experience: Thailand on the Cheap/Marine sanctuaries helping to save Thai crab/International news/Links: Climate Thailand/Calendar of events/Airport schedule/Bangkok airport bus schedule/Hua Hin-Pattaya bus schedule/Air pollution index map/90-day online report/driver’s license/Market Village and Bluport cinemas/Emergency numbers

PM ‘will consider’ easing booze sale rule

The government has promised to consider lifting the afternoon ban on alcohol sales to help ease the plight of restaurant operators who say the poor economy is starting to hurt them.

Representatives of the Restaurant Business Club on Tuesday handed Prime Minister Srettha Thavisin a letter asking the government to help restaurants survive tough economic times. Continued …

Fixing flaws in Thailand’s booze law

Sixteen years after the Alcohol Control Act was enforced to curb youth drinking, consumption among youngsters remains as high as ever, highlighting the law’s ineffectiveness.

The national health survey in 2021 is revealing. It showed that 390,000 youths in the 15-19 age group had consumed alcohol in the past year, with 31% of them being new drinkers. Continued …

Consumers ‘can open parcels before paying’

Consumers have the right to open parcels to inspect them before making cash-on-delivery payments, according to the Office of the Consumer Protection Board.

The board has issued a new regulation in response to complaints by many people who reported various problems with products they ordered and paid for before opening them. Continued …

Thailand Unveils Ambitious ‘Zero Dropout’ Program

Prime Minister Srettha Thavisin expressed deep concern over the alarming statistics showing that around one million Thai youths aged 3-18 have dropped out of school. This concern prompted the launch of the “Thailand Zero Dropout” program, a top-priority national agenda aimed at reversing this troubling trend.

(Editor: A sure way to decrease the drop-out rate would be to eliminate the requirement for school uniforms. Many families go into debt each year paying for school uniforms, while others must forego allowing their children to attend school due to the cost of uniforms.)

Government spokesman Chai Wacharonke announced the adoption of four crucial measures at yesterday’s cabinet meeting, which are to be rolled out across all provinces without delay. The first step involves locating these dropouts. Following that, tailored support will be provided to address the specific needs of each child, ensuring they return to school. Continued …

Thailand extends diesel price cap amid long-term energy concerns

Efforts by the Thailand government to cap energy prices, and diesel subsidies may appease the public in the short term, but there are growing concerns about the long-term implications on fuel consumption.

The extension of the diesel price subsidy, funded by the Oil Fuel Fund, is a recent measure that fixes the retail price at 33 baht per liter until July 31. This initiative aims to alleviate financial pressures on households and businesses, particularly those affected by the pandemic and rising global crude prices following the escalation of the Russia-Ukraine war in 2022. Continued …

Bangkok to grow another one million trees

The Bangkok Metropolitan Administration (BMA) announced on social media platforms on Tuesday that its 1-million-tree campaign has already reached its goal, two years ahead of schedule.

Making Bangkok greener with 1 million more trees, big and small, was one of the flagship policies of Bangkok Gov. Chadchart Sittipunt. He expected to reach the number by the time his four-year term ends in 2026. Continued …

Thai EVs face insurance hurdles

Thailand’s rapidly expanding electric vehicle (EV) market could face setbacks if insurance companies refuse to provide coverage for EVs, says the Thai Automotive Industry Assn. (TAIA).

Tokio Marine Safety Insurance announced on Tuesday that its current insurance premiums would “temporarily” not apply to new EV customers, including those who own transferred cars, as it would consider new premium rates on a case-by-case basis. Continued …

FDA Approves Second Alzheimer’s Drug That Can Modestly Slow Disease

U.S. officials have approved another Alzheimer’s drug that can modestly slow the disease, providing a new option for patients in the early stages of the incurable, memory-destroying ailment.

The Food and Drug Administration approved Eli Lilly’s Kisunla on Tuesday for mild or early cases of dementia caused by Alzheimer’s. It’s only the second drug that’s been convincingly shown to delay cognitive decline in patients, following last year’s approval of a similar drug from Japanese drugmaker Eisai. Continued …

Bangkok third most expensive city in Southeast Asia

Bangkok has been ranked third among the costliest cities in Southeast Asia for international workers by business adviser Mercer.

This year’s ranking was conducted on 226 cities across five continents. It assessed the comparative costs of over 200 items in each location – from housing and transportation to food, clothing, household goods and entertainment. Continued …

Thailand-China Railway Project: Enhancing Regional Connectivity

Thailand is developing an 873-kilometer high-speed rail project that will connect Bangkok with the Laos-China railway. Once completed, it will be possible for people and goods to travel from Bangkok to Kunming, the capital of China’s Yunnan province. The project is expected to be completed by 2028.

The railway — which is estimated to cost between US$5 billion and US$9.9 billion — is part of China’s Belt and Road Initiative (BRI), a global development strategy adopted by the Chinese government in 2013 to enhance regional connectivity and embrace a brighter economic future. Continued …

Cabinet approves additional Bt276 billion in borrowing

The cabinet has approved an additional 276 billion baht in borrowing for fiscal 2024, of which 269 billion is for direct government use, as well as funds for state enterprises to restructure debt.

The change will bring total new borrowing in the fiscal year ending on Sept. 30 to 1 trillion baht, deputy government spokeswoman Rudklao Intawong Suwankiri told a news briefing on Tuesday. Continued …

Credit agencies highlight Thailand’s EEC as key to industrial growth

Credit rating agencies underscore the significance of Thailand’s Eastern Economic Corridor (EEC) project in advancing the nation’s industrial sector and boosting competitiveness, according to the Public Debt Management Office (PDMO).

The public debt adviser for PDMO, Jindarat Viriyataveekul, indicated that credit rating agencies have been closely observing the EEC project’s progress for years due to its pivotal role in shaping Thailand’s future economy. Continued …

Thailand Encouraged to Embrace Solar Energy for Economic Gains

Thailand’s abundant sunlight offers a prime opportunity for a solar energy revolution, yet high initial costs and complex regulations hinder widespread adoption.

Piyasak Pichetanawin, vice president of the Solar Energy Assn. of Thailand, urges the government to promote solar energy use, particularly in the industrial sector. Continued …

Property rules could mimic Singapore

The government should ensure Thais can afford homes and should limit the areas for extending foreign ownership of condos to specific zones, even within a single province, to avoid opposition, says a property research firm.

Vichai Viratkapan, acting director-general of the Real Estate Information Center, said the Thai government might adopt measures similar to Singapore, which underlines home affordability for its citizens. Continued …

State housing bank told to extend loan repayment period to 85 years

In a bid to cut down on unpaid housing mortgages, the Government Housing Bank (GHB) has been instructed to extend the loan repayment period to 85 years.

Finance Minister Pichai Chunhavajira said on Monday that the move is to reduce the number of housing loans that fall under the special mention (SM) and non-performing loans (NPLs) groups. Continued …

Shippers expect growth of 1%-2%

Despite geopolitical tensions in Europe and the Middle East, the Thai National Shippers’ Council (TNSC) expects the value of exports to expand by 1-2% in the second half this year.

However, it is cautious about numerous unpredictable factors in the second half, including geopolitical conflicts in Europe and the Middle East; the trade war between the U.S. and China; the U.S. presidential election; rising production costs, including increases in the daily minimum wage, energy and electricity prices; higher freight and surcharge costs; and a shortage of containers as China ramps up production and exports. Continued …

Myanmar Financing: Risky business

The civil war in Myanmar has entered its third year without any sign that the situation will improve soon – especially after a five-month ceasefire brokered by the Chinese government fell apart late last month.

As such, it would hardly be surprising if the global community resorted to sanctions to incapacitate the country’s military government. Continued …

Duty-Free Arrival Stores To Be Closed After Losing 3 Billion Baht

The Thai government is set to close duty-free shops at eight airports across Thailand due to an estimated loss of 3 billion baht in customs revenue. This is part of a strategy to make Thailand a renowned tourist and shopping destination.

Ratchada Thanadirek, the deputy spokesperson for the prime minister’s office, announced the decision during a press conference after a Cabinet meeting. The proposal to close the duty-free stores was initially discussed at a Cabinet meeting in November last year. Continued …

UK Foreign Office issues new travel alert for Thailand amid ‘high threat’

The UK Foreign Office has updated its travel advice for those planning a trip to Thailand, warning of a “high threat” of terrorism. The government department regularly revises its guidance to ensure the safety of Britons traveling abroad.

On Tuesday, a new alert was issued specifically for those heading to Thailand, a popular holiday destination for many UK residents, with hotspots including Bangkok and Phuket. Continued …

Thailand welcomes 17.5 million foreign tourists

Thailand received over 17.5 million foreign tourists in the first half of 2024, an increase of 35% from a year earlier, on course to meet the year-end target of 36.7 million foreign arrivals, official data showed on Tuesday.

With 3.43 million arrivals, Chinese tourists made up the largest source market for the Southeast Asian country in the first six months of this year, followed by 2.43 million from Malaysia and 1.04 million from India, according to the Thai Ministry of Tourism and Sports. Continued …

Email link – kenbrown@businessclassasia.com

Phuket Flooded by Inadequate Infrastructure Amid Rapid Growth

Phuket’s rapid urbanization clashes with underdeveloped infrastructure, unmasking the island’s dire challenges. Recent heavy rainfall and widespread flooding highlight the urgency for crucial upgrades and the consequences of insufficient government budgeting.

Thaneth Tantipiriyakij, president of the Phuket Tourist Assn., voiced serious concerns. Despite Phuket attracting 60% first-time tourists, many could be deterred by inconveniences stemming from inadequate infrastructure. Continued …

Banyan Group Expands with 15 New Phuket Properties

Banyan Group, one of the world’s leading multi-branded hospitality groups, has reaffirmed its commitment to expanding its portfolio in Phuket with 15 properties under the Banyan Group Residences portfolio. This strategic focus on Thailand’s renowned resort island underscores Phuket’s thriving property market across various segments.

In recent years, especially post-COVID, Phuket, Thailand’s largest island, has evolved from a tourist paradise into the ultimate vacation home destination for high-net-worth individuals (HNWIs) globally. Banyan Group’s 15-project investment underscores Phuket’s growing prominence as a premier relocation destination to watch. Continued …

Missing Young Canadian Man Found Drowned at Phang Nga Beach

A Canadian man who had been reported missing on Sunday was found dead at a beach in the Takua Thung district on Monday.

The Khok Kloi Police said on Sunday in the afternoon, they were notified of the missing man from a friend, an American national. He stayed at a villa at the Na Tai Beach in the Khok Kloi subdistrict with the missing Canadian national and three other people. Continued …

How to Enjoy Thailand on the Cheap

Phuket City is the capital of Phuket, one of Thailand’s most popular islands in the Andaman Sea off the country’s west coast. Tourists worldwide flock here in droves every year to experience the dramatic coastline, picturesque islands, and mouthwatering Thai cuisine.

Unfortunately, Phuket is a victim of its popularity, as the prices here are much higher than in most parts of the country, especially when you compare it to places like Chiang Mai in the north. However, don’t panic just yet; Phuket can still be enjoyed if you travel on a budget. Continued …

How marine sanctuaries are helping to save an iconic Thai crab

Floating through the crystal-clear waters off the east coast of Thailand, fisher Sutham Hemmanee spots a large female crab amid the morning’s haul, its underside swollen with the promise of offspring.

“A female crab like this can produce millions of babies,” the 57-year-old says, pointing to the bulging yellow pouches attached to the crab’s stomach. “We put these egg-carrying females in the crab bank.” Continued …

Myanmar shop owners jailed for raising wages

With Myanmar’s currency plunging and inflation soaring, the owner of three mobile phone shops in Mandalay announced he was giving his employees a raise. Word of his generosity quickly spread, and his workers cheered the news. Continued …

Stampede at religious event in India kills at least 116

Thousands of people at a religious gathering in India rushed to leave a makeshift tent, setting off a stampede Tuesday that killed at least 116 and left scores injured, officials said. Continued …

South Korean hotels and resorts are adopting adult-only policies

As childless couples and solo vacationers emerge as key target customers, more South Korean hotels and resorts are adopting adult-only policies to cultivate a serene and sophisticated ambience for adult guests. Continued …

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