A future of heat waves/They built a home in PKK/Purchase of alien blackchin tilapia/Thailand braces for heavy rain/Chao Phraya overflows/Bridge connecting Koh Samui/Yoga significantly improves health/Foreign Passports for Sale/Chinese passport ad removed/Ex-Husband’s Rampage Leaves Five Dead/New buildings for Buddhist orphanage/Bangkok plans 130 new parks/Foreigners behaving badly/Economy: Thailand’s New Visa Strategies/Digital Wallet Scheme Excludes 18/Profits of 10 listed banks/Premium EV sales plunge/How Much Lower Can EV Prices Go?/Chinese EV Makers to Use Local Parts/c Shaken/Tourism: New Bangkok-Vientiane passenger train/Record Visitor Numbers for Phuket/Chinese Tourist Dies After Falling From Songthaew/Two speedboats crash off Samui/Thailand Experience: Advice for trekkers in national parks/Best Indian Restaurants In Bangkok/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
Prepare for a future of heat waves
People across Asia have eagerly awaited the end of heat-wave season, which now appears to be drawing to a close. In my home country, the Philippines, the first typhoon of the year arrived in late May, lowering temperatures that had climbed to nearly 50° Celsius (122° Fahrenheit).
Over the previous few months, the record-breaking heat led to school closures, a spike in emergency room visits, reduced productivity, and a return to remote work. Continued …
They built a home in PKK after their US property was flooded
With his retirement fast approaching, Jim Dolan, from the U.S., felt as though his future was more or less mapped out. He and his wife Som Dolan would build a house in her native country, Thailand, and split their time between the Southeast Asian destination and the States.
But the couple ended up leaving the U.S. for good after their home in Houston was severely flooded during Hurricane Harvey, a Category 4 storm that hit Texas in 2017. “Our finances were such that we couldn’t live what was thought to be our dream life,” Dolan, who previously worked for NASA, said. Continued …
Purchase of alien blackchin tilapia to kick off Aug 1 in PKK
The government will start buying invasive fish species blackchin tilapia at 15 baht per kilogram starting next month at 49 buying stations in 14 provinces, the Agriculture and Cooperatives ministry said on Monday.
The 49 buying stations will be located at fish markets registered with the Fisheries Department in 14 provinces where high numbers of invasive fish have been reported. They are: Chanthaburi, Rayong, Chachoengsao, Samut Prakan, Bangkok, Ratchaburi, Samut Sakhon, Samut Songkhram, Phetchaburi, Prachuap Khiri Khan, Chumphon, Surat Thani, Songkhla, and Nakhon Si Thammarat. Continued …
Thailand braces for heavy rain amid monsoon and storm warnings
The Meteorological Department of Thailand (TMD) warned residents and holidaymakers to brace themselves for heavy rain over the next 10 days, highlighting periods of reduced rainfall and times when heavy downpours are expected. A strong monsoon and a tropical storm on the horizon necessitate vigilance and monitoring.
The TMD updated its daily cumulative rainfall forecast (every 24 hours: from 7am to 7am the next day) and wind levels at 925hPa (750 meters) for the next 10 days, from today, July 23 to August 1. Continued …
Riverside residents in 7 central provinces warned of Chao Phraya overflows
Riverside residents and businesses along the Chao Phraya River in Uthai Thani, Sing Buri, Lop Buri, Suphan Buri, Ang Thong, Ayutthaya and Chainat have been advised to brace for possible flooding, as a result of an increase in the amount of water being released through the Chao Phraya Dam in Chainat province.
Water runoff from northern provinces, following heavy rainfall there over the past several weeks, has increased the volume of water in the reservoir, forcing the irrigation office in Chainat to increase the discharge through the dam, from 100 cubic meters/second to 610 cubic meters/second, to ease the pressure on the dam. – Thai PBS
Bridge connecting Koh Samui with mainland to be ready by 2033
The Expressway Authority of Thailand (EXAT) on Monday unveiled the blueprint of the 40-billion-baht, four-lane bridge connecting Koh Samui with the mainland.
The project’s feasibility study and environmental impact assessment is expected to be completed by 2026, with construction starting in 2029. The bridge is expected to open for operation in 2033. Continued …
Yoga significantly improves health of Rheumatoid Arthritis patients
Yoga can significantly improve the health of rheumatoid arthritis (RA) patients, according to a new study from the AIIMS, New Delhi.
RA is a chronic autoimmune disease that causes inflammation in the joints. It causes joint damage and pain and can affect other organ systems, as well, like the lungs, heart and brain. Traditionally, yoga has been known for its physical and mental well-being benefits. Continued …
Bangkok Billboard Offering Foreign Passports for Sale
A large billboard in Bangkok advertising foreign passports for sale has sparked concern among locals and officials. Move Forward Party list-MP Wiroj Lakkhanaadisorn highlighted the presence of the Chinese-language advertisement located at the Din Daeng intersection.
Targeting primarily Chinese nationals who reside or conduct business in Bangkok’s Din Daeng and Huai Khwang districts, the billboard offers passports from various countries at different prices. Continued …
Ex-Husband’s Rampage Leaves Five Dead Across Two Provinces
A tragic series of events unfolded in Thailand’s Sisaket Province as an ex-husband went on a deadly shooting spree, killing his former wife, her new husband, and two relatives, before taking his own life in Buriram Province.
The incident began in Nong Phai subdistrict, Mueang Sisaket District, where police found a horrific crime scene. The victims included the director of a local elementary school, her new lawyer husband, and two female relatives – her mother and aunt. A 10-year-old boy, the director’s son, escaped the carnage and sought help from neighbours. Continued …
Email link: sivanavillas@gmail.com
New buildings for Buddhist orphanage in Kanchanaburi
The revered Korean Dharma master and Buddhist activist Venerable Pomnyun Sunim and volunteers from the Buddhist humanitarian relief organization JTS Korea, accompanied by a delegation from the International Network of Engaged Buddhists (INEB), attended a formal ceremony to inaugurate two new buildings for a Buddhist orphanage in the western Thai province of Kanchanaburi.
The orphanage, operated under the Dhammanulak Children’s Foundation and managed by Buddhist nun Maechee Chutipa, has undergone a year-long project sponsored by JTS Korea to renovate and remodel the residential buildings for the 80 girls and boys of all ages under the orphanage’s care. Continued …
Bangkok plans 130 new parks, doubles tree goal by 2026
Bangkok is taking a bold step toward sustainability under the leadership of Gov. Chadchart Sittipunt. Moving past the Green Bangkok 2030 initiative, the governor has set his sights on an ambitious environmental agenda.
Chadchart’s vision includes creating a 15-minute city with accessible green spaces. The plan involves adding 130 parks and doubling the tree-planting goal to two million by 2026, following the success of planting one million trees in two years. Continued …
American Arrested for Stabbing Australian to Death
All the Details About Thailand’s New Visa Strategies Expected to Supercharge Economic Growth
On May 28, the Thai government announced major updates to its visa policies to attract more global citizens, digital nomads, and skilled professionals alike. The new measures will be rolled out in three stages, with the aim of boosting tourism and attract skilled talent in focused industries.
The first stage, which became effective on July 15, focuses on visa-free entry and the introduction of a new visa for foreigners who will be working remotely from Thailand. Continued …
Digital Wallet Scheme Excludes 18 Products and Services
The Thai government has unveiled a new “digital wallet” scheme aimed at bolstering local economies and benefiting smaller retailers. However, 18 specific products and services have been excluded from being purchased through this initiative, Commerce Minister Phumtham Wechayachai confirmed.
The digital wallet scheme permits citizens to make transactions using government-provided benefits aimed at encouraging spending within communities. Yet, to ensure the scheme is utilized for essential, everyday needs and not for luxury or non-essential items, the government has outlined a list of excluded products. Continued …
Profits of 10 listed banks for H1 rise 3.7%
The 10 SET-listed banks reported a combined net profit of 126.4 billion baht for the first half of this year, marking a 3.7% increase year-on-year. This growth was primarily driven by large banks, while smaller banks experienced a decline in earnings.
Four out of the 10 financial institutions posted better net profits in the first half of 2024 compared to the corresponding period last year. Continued …
Thailand’s premium EV sales plunge 35%
Thailand has experienced a significant decline in the sales of premium electric vehicles (EVs), dropping 35% year-on-year in the first half of the year. Despite this downturn, BMW remains optimistic about its EV sales, banking on the appeal of its newly launched models in the Mini family in Bangkok.
Sales of premium EVs fell to 3,844 units between January and June, according to Krisda Utamote, former president of the Electric Vehicle Association of Thailand (EVAT) and BMW Group Thailand’s director for corporate communications. Continued …
How Much Lower Can EV Prices Go?
Chinese electric vehicle manufacturers have dominated Thailand’s auto market, angering customers with repeated price cuts, and threatening Japanese automakers, while the Thai government aims to establish itself as a premier EV hub.
Chinese companies are increasingly expanding their presence in emerging markets, particularly in Southeast Asia, where there is a growing demand for electric vehicles (EVs). Chinese EVs hold a competitive advantage in terms of pricing, which makes them more appealing compared to their pricier Western and Asian counterparts. Continued …
Thailand Urges Chinese EV Makers to Use Local Parts
In a decisive move to bolster its automotive supply chain, Thailand’s Industry Ministry has asked Chinese electric vehicle (EV) manufacturers to integrate at least 40% locally sourced parts in their production processes.
The aim is to bring more benefit to Thai auto parts makers and ensure they can keep pace with the rapidly evolving automotive technology. Continued …
Thai Coconut Water Industry Shaken as “Vietnam” Competes for Chinese Market
The multi-billion dollar aromatic coconut water industry is facing upheaval as Vietnam enters the competition for the Chinese market. It has been revealed that some producers have been processing coconuts from outside the Ratchaburi geographical indication (GI) area for export.
Narongsak Chuensuchon, managing director of NC Coconut Co., and chairman of the Ratchaburi Provincial Industrial Council, said both whole coconuts and coconut water are currently very popular worldwide. Continued …
New Bangkok-Vientiane passenger train boosts connectivity across region
The inaugural direct international passenger train between Bangkok and Vientiane was launched on Friday and is expected to enhance connectivity between Thailand and Laos, as well as bolster ties with China and other ASEAN countries.
Departing Bangkok’s Krung Thep Aphiwat Central Station at 9:25 pm, train No 133 carried about 400 passengers, arriving in Laos’ capital Vientiane the following Saturday. The journey went smoothly, with efficient cross-border customs checks and passengers reboarding at Nong Khai station in northeastern Thailand. Continued …
Record Visitor Numbers Boost Phuket’s Tourism Industry
Phuket experienced an increase in visitor arrivals in April 2024, according to figures released this week. Leading the influx were tourists from Russia, with approximately 63,500 visitors, making them the largest group of international travelers.
Chinese tourists were the second-largest group, contributing around 46,700 visitors. Additionally, there was a significant presence of tourists from India and Australia, further emphasizing Phuket’s global appeal. Continued …
Email link – kenbrown@businessclassasia.com
Chinese Tourist Dies After Falling From Songthaew In Pattaya
A Chinese man holidaying in Pattaya who fell from a songthaew passenger vehicle early yesterday morning later died from his injuries after being rushed to a hospital.
The tourist, identified as Chi Fai Lam, 48, was seriously injured after falling from the songthaew on Pattaya Sai Song road at around 8.30 am, with the driver not stopping to help him. Continued …
Two speedboats crash off Samui, 1 dead
Two speedboats collided on Monday night near Koh Samui island, killing one person and injuring two others.
They crashed about one nautical mile off Bo Phut in Koh Samui district. It was reported to local police about 8.30pm, Police Lt. Sirachat Kamunee, officer on duty at Bo Phut police station, said today. Continued …
Advice for trekkers in national parks during rainy season in Thailand
Trekking and hiking in national parks around Thailand are popular activities during this green season, as it is a great time to explore the beauty of nature. In spite of the beautiful surroundings, good preparation prior to a visit is necessary to avoid any dangerous situations.
The Department of National Parks, Wildlife, and Plant Conservation posted a list of precautions and rules for trekkers in the national parks, which are listed below. Continued …
The Best Indian Restaurants In Bangkok
Besides the mushrooming of Instagrammable Korean-esque cafes in Thailand’s capital, we’re here to tell you that diners with a proclivity for Indian cuisine can now heave a sigh of relief — yes, the city’s culinary scene is brimming with stellar desi options.
From cosy nooks that serve up the best grub to Michelin-starred restaurants that tick all the right boxes, we list five tried and tested spots that do a neat job of tantalizing your taste buds. Continued …
Expats angry at Thai visa changes/No alcohol sales this weekend/Hua Hin 94 Road Improvement/Cha Am-Phetchaburi Food Festival/Hua Hin collects invasive fish/PKK rubber farmers oppose fish purchase/Microsoft cloud outage/Fix delivered for tech outage/No increase in power bills/Floods swamp 5 provinces/Thai meal can give you liver cancer/Organic approach to sustainable well-being/Thailand changes Olympic uniforms/Thai tenant shocks owner/Government ‘united’ on weed policy/Opposition to outlawing cannabis/Put weed plan on hold/Foreigners behaving badly/Economy: Economists worry about Thai economy/Thailand as Financial Hub/Thailand’s medical device market/Banks post mixed results/SCBX profit of 10 billion baht/CIMB Thai profit of Bt1.2946 billion/Krungsri earnings of 15.75 billion baht/Drought, Flood, And Rice Security/SolarEdge Introduces New Products/Tourism: Cashing in On Amateur Events/Tourist safety upgrades in Phuket/Enhance safety on Pattaya beaches/Thai AirAsia X suspends Sydney route/Thailand Experience: Thailand’s Tranquil Retreats/Thai traditional medicine/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
Expats angry at huge concessions in latest Thai visa announcements
Longstay expats with expensive visas say the new 60-days visa-exempt policy and the 180-days Destination Thailand Visa have made the Elite visa and the annual extensions of stay for retirement and marriage worthless. Geoffrey Fisher, a Brit who recently paid 900,000 baht (about 20,000 UK pounds) for the five-year Elite visa said he had wasted his money, as more or less anyone can now stay in Thailand almost indefinitely for a paltry sum.
The disenchanted argue that the 60-days visa-exempt can evidently be extended at local immigration for 30 days more, followed by a border run to start the whole process again. Some immigration officers at Bangkok’s Suvarnabhumi airport have allegedly told new arrivals they can now do as many border runs as they like. Continued …
Reminder: No alcohol sales this weekend
Thailand celebrates the start of Buddhist Lent, a three-day religous holiday, this weekend – meaning no alcohol sales for the duration. Today is Asahna Bucha Day, Sunday is Khao Phansa Day, and Monday is a second Asahna Bucha Day.
Alcohol sales are banned from Friday night at midnight until Monday night at midnight.
Asahna Bucha Day is the celebration in Thailand of the “Four Noble Truths” preached by Buddha in his first sermon after his enlightenment. These four noble truths are dukkha, tanha, nibbana, and the eight-fold path.
Khao Phansa Day is a Buddhist holiday observed in Thailand on the first day following the full moon occurring in the eighth month of the Thai lunar calendar. Khao Phansa marks the first day of “Buddhist Lent”, a time when observant Buddhists fast from such things as meat, alcohol, and tobacco. For the most part, only Theravada, rather than Mahayana, Buddhists observe Khao Phansa, and even many Theravada practitioners choose not to fast.
Email link – kenbrown@businessclassasia.com
Hua Hin 94 Road Improvement Project Begins Monday
This week, Hua Hin municipal officials and staff, and representatives from Chok Kijcharoen Ltd., the contractor responsible for the project, inspected the site for the upcoming renovation of Hua Hin 94 Road. The project involves installing drainage pipes and resurfacing the road from the western railway intersection to Ban Chang Heng.
During the site visit, project officials announced that construction machinery would be deployed on Monday to begin the first phase of the project. This phase will cover the area from Hua Hin 94 Soi (in front of the 7-11) to the Amara Resort intersection. Continued …
Cha Am-Phetchaburi Food Festival set for July 24-28
The Cha Am-Phetchaburi Food Festival, running from July 24-28, promises an array of delicious food, live music, and fun activities. Held at the Cha Am Beach viewpoint in Phetchaburi from 4 pm to 11 pm daily, the event aims to boost tourism and stimulate the local economy.
The festival, officially titled the Cha Am-Phetchaburi Soft Power & Food Festival, features numerous booths offering a variety of foods from different vendors. Continued …
Hua Hin collects 50 kilograms of invasive fish in one day
PKK rubber farmers oppose fund use for fish purchase
Rubber farmers in Prachuap Khiri Khan raised concerns over the Ministry of Agriculture’s decision to use funds from the Rubber Authority of Thailand (RAOT) to buy black-banded trevally fish at 15 baht per kilogram. The farmers question the fairness and appropriateness of this policy.
Rungroj Ratanakaw, a resident of Thong Mongkol subdistrict in Bang Saphan district, voiced his disagreement with the ministry’s policy. He stated that using funds from the RAOT to support the Department of Fisheries in purchasing large quantities of black-banded trevally fish seems unreasonable. Continued …
Thailand affected by Microsoft cloud outage
Thailand faces disruptions as a global IT meltdown wreaks havoc across key sectors, impacting airports, banks, offices, and retailers. The crisis, attributed to a recent Microsoft Windows update by cybersecurity firm CrowdStrike, has left many organizations in disarray.
Airports of Thailand (AOT), managing six key airports, reported significant delays and urged passengers to arrive at least four hours before departure. Among the affected airlines at Suvarnabhumi Airport were Cebu Pacific Air, GoAir, Hong Kong Express Airways, IndiGo Airlines, Jetstar Airways, Jetstar Asia, Scoot, SpiceJet, Thai AirAsia, Thai AirAsia X, and Norse Atlantic Airways. Continued …
Fix delivered for tech outage that caused chaos worldwide
The cybersecurity firm CrowdStrike has deployed a fix for a software problem that triggered one of the biggest tech outages the world has ever seen, affecting industries ranging from airlines to banking and healthcare worldwide, the company’s CEO said on Friday.
All Windows computers affected by the failure will need to be manually rebooted, CrowdStrike said. Continued …
No increase in power bills through end of year
The government will try to keep the power tariff unchanged for the rest of the year to curb electricity bills, amid predictions that gas prices will rise in the second half, despite more financial pressure on the state budget.
Businesses and households are likely to pay bills determined by the current tariff rate of 4.18 baht per kilowatt-hour (unit) during the last four months of this year, although the latest calculation made by the Energy Regulatory Commission (ERC) indicates that the rate must increase, Energy Minister Pirapan Salirathavibhaga said on Friday. Continued …
Satellite images show floods swamping 5 provinces
Satellite images have shown extensive flooding across Phetchabun, Chaiyaphum, Phitsanulok, Maha Sarakham and Khon Kaen provinces, according to the Geo-Informatics and Space Technology Development Agency (GISTDA).
Captured by COSMO-SkyMed-2 on Thursday evening, the photos show more than 118,000 rai of land inundated. Of the affected areas, more than 2,800 rai are rice farms. Continued …
This Thai meal can give you liver cancer if you take just one bite
Foodies will already be aware that Southeast Asian cuisine is best known for blending strong aromatic components with ingredients such as tamarind and lemongrass. And while you may have tucked into a couple of bowls of steaming Tofu Pad Thai and Gang Gai Khao Mun (Thai chicken curry) in your time, there’s another popular dish you probably haven’t tried.
That’s because this cheap food is reportedly responsible for around 20,000 deaths per year. Koi Pla is the name of this deadly dish and it’s claimed that millions of people regularly tuck into it every year. Continued …
Organic approach to sustainable well-being
Although progress has been made in production and policy measures, organic agriculture is still considered to be at an early stage of development in Thailand when it comes to major actors such as private companies, government projects, grower cooperatives, grassroots support groups and non-government organizations.
Plearnprai Organic Social Enterprise Co. is a social enterprise established by a team of doctors that develops healthy products from sustainable agricultural practices. Continued …
Thailand changes Olympic uniforms after criticism
The National Olympic Committee of Thailand will replace the controversial outfits worn by Thai athletes used for the 2024 Summer Olympics’ opening ceremony.
The new uniforms, designed by Grand Sports and four other teams, will feature the Ban Chiang pattern for the ceremony in Paris next Friday, the NOCT announced on Friday. Continued …
Thai tenant shocks owner by bringing 29 cats for one night
A tenant staying at a daily rental room shocked the owner by bringing 29 cats along for just one night. Initially, the situation seemed amicable, but it ended poorly.
The landlord, who owns daily and monthly rental rooms, posted a clip showing the aftermath of a guest who rented a room for a single night and brought along 29 cats. The incident was reported yesterday after complaints from other occupants on the same floor about a foul odor emanating from the room. Continued …
Government ‘united’ despite weed policy U-turn
Deputy Prime Minister and Commerce Minister Phumtham Wechayachai insisted the government is still united despite recent hiccups with the plan to re-list cannabis as a narcotic, adding that he already talked with Interior Minister Anutin Charnvirakul.
The decriminalization of cannabis was a flagship campaign policy of the Bhumjaithai Party led by Anutin. A related bill has already passed the first reading in the House. However, it was shelved due to opposition from the medical profession. Continued …
Anutin raises the stakes, expresses opposition to the PM’s policy outlawing cannabis
The question of cannabis is fast becoming a political headache for Prime Minister Srettha Thavisin. This week he was confronted by Interior Minister Anutin Charnvirakul, who voiced his opposition to the process presently underway to re-criminalize possession and use of the drug for recreational purposes.
At a meeting between the key coalition partner and Srettha, Anutin confirmed he would vote against the criminalization of cannabis at a forthcoming meeting of the Narcotics Control Board (NCB) to be chaired by the PM. Afterward, the deputy prime minister also noted ominously that this was currently a ministerial matter that had not reached Cabinet level yet. Continued …
Put weed plan on hold
The government, especially Health Minister Somsak Thepsutin, needs to immediately put on hold the plan to put cannabis back on the narcotics list, and engage in dialogue on the issue with all stakeholders.
The decision to fast-track the re-criminalization of the herb is just arrogant, authoritative and wilfully ignorant of the importance of public participation in such policy shifts. Continued …
Gambian Man Arrested After Seven Years Overstay – Continued …
Foreign Suspect Sentenced to 1,073 Years Imprisonment Over Patong Child Sexual Exploitation – Continued …
Four Colombians arrested for Bangkok area home burglaries – Continued …
Chinese men flee to Hong Kong after Chon Buri home invasion – Continued …
South Korean man faces jail for hiding illegal Thai worker’s body – Continued …
10-Year Canadian Friend Steals $400k Gems from Bangkok Merchant – Continued …
Economists worry despite IMF’s positive forecast for Thai economy
Though the Finance Ministry is optimistic about Thailand’s economic prospects after the International Monetary Fund (IMF) upgraded the country’s GDP growth to 2.9% from 2.7%, many economists remain worried.
Despite the modest increase, Finance Minister Pichai Chunhavajira described the revised forecast as encouraging. “Although the difference of 0.2 or 0.3% is low, it is still good amid an ongoing downturn,” he said. Continued …
Email link: sivanavillas@gmail.com
Thai PM Launches Project to Transform Thailand into Financial Hub
Prime Minister Srettha Thavisin delivered a keynote address at the Finance Ministry’s “Ignite Finance” Initiative on Friday, part of his “Ignite Thailand” vision to position the country as a global financial hub.
The “Ignite Finance” initiative seeks to propel Thailand onto the global financial stage with a strategic focus on banking, securities, derivatives, digital assets, and insurance. It aims to broaden financial accessibility for underserved communities and small businesses, fostering inclusive economic growth. Continued …
Thailand’s medical device market to grow at CAGR 6.9% to 2028
Thailand’s medical device market is projected to value $2.5 billion (Bt97.6 billion) in 2028, reflecting a compound annual growth rate (CAGR) of 6.9% in local currency terms.
According to BMI, the market’s positive outlook is due to strong import growth from the past year. Moreover, the market’s growth is attributed to the country’s continued efforts to promote medical tourism and integrate digital health technologies in line with the Thailand 4.0 policy. Continued …
Country’s leading banks post mixed results for first half
The big three banks reported mixed results for the first half of this year. Despite lowering loan rates to support vulnerable customers amid a sluggish economic recovery, their overall income growth remained positive.
Bangkok Bank (BBL) and its subsidiaries posted a net profit of 22.3 billion baht for the first half of 2024, up 4.2% from the same period last year. Continued …
SCBX announces Q2 net profit of 10 billion baht
SCB X Public Co. (SCBX) reported a consolidated net profit of 10 billion baht for Q2 2024, a 15.6% YoY decrease. For the first half of the year, net profit was 21.3 billion baht , down 6.9% YoY.
For the quarter, net interest income rose 5.8% YoY to 32.6 billion baht, driven by an expansion in net interest margin (NIM) and a slight overall loan growth of 0.6% YoY through strict new loan underwriting practices and a focus on quality customers amid a challenging business environment. Continued …
CIMB Thai posts net profit of THB 1.2946 billion
CIMB Thai Group recorded a consolidated net profit of THB 1.2946 billion, a year-on-year (“YoY”) decrease of THB 74.3 million, or 5.4%, while profit before tax (“PBT”) decreased by THB 117.2 million, or 6.8%, YoY to THB 1.611billion.
The decline was mainly from a 1.7% contraction in operating income and a 7.7% increase in operating expenses, partially offset by a 22.7% decline in expected credit loss (ECL). Continued …
Krungsri reports 2024 earnings of 15.75 billion baht
Krungsri (Bank of Ayudhya PCL and its business units) posted a net profit of 15.75 billion baht for H1 2024, a 7.9% YoY decline due to increased prudential provisions. Operating profit growth was driven by revenue from 2023 ASEAN acquisitions and higher domestic income.
In the first half of 2024, Krungsri’s corporate and SME loans grew by 0.8%, driven by support for businesses’ working capital needs, while retail loans contracted by 3.5%, highlighting strict lending standards amid high borrower debt burdens. Total loans contracted by 1.3%. Continued …
Drought, Flood, And Rice Security In Central Thailand
Rice continues to play a fundamental role in income generation and in ensuring food security for millions of households in Thailand and abroad. As a key global rice supplier, Thailand exported 5.27 million metric tons of rice from January through August 2023 and, due to increased global rice prices and India’s rice export ban, its shipment is projected to reach at least eight million metric tons this year.
The top export markets include Indonesia, Iraq, South Africa, the U.S., and China. Rice exports account for about 16% of Thailand’s total export revenue derived from agricultural-related products. Continued …
SolarEdge Introduces New Products Amid Thailand’s PV Boom
Thailand’s photovoltaic (PV) market is experiencing significant advancement, propelled by several key factors, including the push for electrification, the rise of electric vehicles, ongoing decarbonization efforts, and increasing electricity prices.
This evolving landscape is driving a shift from standalone PV systems to more sophisticated integrated PV storage solutions, which address the challenge of solar energy intermittency and enable more efficient energy management. Continued …
Cashing in On Large-Scale Amateur Events
Restaurants, hotels, golf clubs and local economies around the region are set to cash in on an increase in the number of large-scale amateur tournaments. Such has been the success of Golfasian-organized events in recent years that the demand for additions to the calendar is growing.
Last month, Golfasian staged the Centara World Masters in Hua Hin and the Avani Pattaya 2-Ball. Spanning two weeks, the tournaments featured more than 550 amateur golfers from 20 countries. The impact on the two cities was substantial, with income generated through hundreds of room nights for local hotels, while food and beverage departments were busy organizing nightly parties and gala dinners. Continued …
Tourist safety and infrastructure upgrades urged in Phuket
A leading business organization has called for the improvement of safety measures and infrastructure to maintain the resort island as a prime destination for quality tourism.
Phuket Tourist Assn. President Thaneth Tantipiriyakij said on Friday that members were “somewhat” worried about the deaths of foreigners in Thailand, as they reflected badly on safety in the country. Continued …
New regulations implemented to enhance safety on Pattaya beaches
A meeting was held at City Hall this week to regulate beaches and boat docking in order to enhance water safety in Pattaya. The meeting was chaired by Deputy Mayor Wuthisak Rermkijakarn and attended by officials from the Marine Office, Tourist Police, and City Council members.
Several issues concerning Pattaya Beach were discussed, including the disorganized nature of water sports activities, which sometimes endanger both residents and tourists. The disorderly docking of jet skis and other watercraft was also highlighted as negatively impacting Pattaya’s tourism image. Continued …
Thai AirAsia X suspends Sydney-Bangkok route
Thai AirAsia X announced the suspension of its sole Australian route between Sydney and Bangkok, effective Aug. 1. Despite the temporary halt, the airline assures it remains committed to the Australian market and plans a grand return in December with increased flights and enhanced connectivity.
The decision to suspend services was driven by fleet management and operation hub movement. As part of a strategic shift, Thai AirAsia X will relocate all operations back to Bangkok’s Don Mueang International Airport (DMK) from Oct. 1, moving away from Suvarnabhumi International Airport (BKK). Continued …
Recharge and Reconnect With Thailand’s Tranquil Retreats
When the fast-paced, round-the-clock action in big cities becomes too routine, you can find plenty of wonderful destinations to recharge and reconnect to the qualities that make Thailand so unique.
From Chiang Dao’s rustic charms to Sakhon Nakhon’s cultural heritage and Songkhla’s vibrant mix of history and art, each offers a unique experience that invites you to slow down, savour the local life and immerse yourself in Thailand’s natural bounty and rich traditions. Continued …
Public Health Ministry promotes Thai traditional medicine
The Public Health Ministry has added 18 herbs to the national list of essential medicines, with the ranking based on the total value of drugs dispensed over five years, from 2019 to 2023.
The ministry said it has tasked the Department of Thai Traditional and Alternative Medicine (DTAM) to promote the use of Thai herbs instead of modern medicine to reduce the reliance on imports and promote Thailand’s traditional medical practices. Continued …
Thailand top 10 for low expat living costs/Dream Retirement in Hua Hin Marred/Macaques becoming a problem/WTA event moves from Hua Hin/Cha Am-Phetchaburi Food Festival/Squid and Seafood Festival/Heavy rains and flash flood warnings/Plans for national food bank/Samut Sakhon fights to save ecosystem/Redevelopment of northern Thai oilfield/Thai girls claim sexual assault/Tunnel expressway planned in Bangkok/Python Makes Home in ATM/Foreigners behaving badly/Economy: Cash handouts: Boon or bane/Budget for digital wallet reduced/Handout can’t be used for appliances/Corporate earnings improving/To help original industries compete/Thailand’s economic outlook Q3/Ingram Micro bullish on Thailand/EV makers to look for export markets/New EV hub in Rayong/Sena zeroes in on solar panels/Thailand bags rice orders/Tourism: Big events to be the focus/TAT Flags Politics As A Threat/Strategies to increase Japanese tourists/Hotel pools are a hot tourist attraction/Thailand Experience: Khao Yai – A Wellness Paradise/Korat gears up for Khao Phansa/Healing for body and soul/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
Thailand ranks in top 10 countries for low expat living costs
Thailand is among the top 10 countries with the lowest living costs for expats, according to the latest study published by expat network InterNations.
The Land of Smiles ranks eighth globally and fourth in Southeast Asia thanks to its affordable housing and utilities, according to “Personal Finance Index 2024”. The index also revealed that expats also find it fairly simple to rent property in Thailand. Continued …
British Couple’s Dream Retirement in Hua Hin Marred by Neighbor Dispute
Conflicts between neighbors occur in many cases, especially when social media is used by the parties to publicize their issues. This allows the general public to become aware of various disputes, ranging from noise and odor disturbances, pet problems, to conflicts in common areas, which can escalate into arguments or even physical assault.
This problem is not exclusive to Thai people; foreigners residing in Thailand also face similar issues. Mr. and Mrs. Byrne, British residents living in Hua Hin, spoke about their dispute with their neighbors, describing feelings of unfair treatment by the police. Continued …
Macaques becoming a problem in Khao Takiab
Residents of Soi 3 in Khao Takiab are grappling with a growing problem, as groups of macaques become a daily nuisance, causing damage to property, stealing food, and even engaging in fights.
The escalation has led to increased fear and inconvenience among the community. A number of people have left the area, having already chosen not to renew their rental contracts, while other residents are considering moving out. Continued …
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WTA event moves from Hua Hin to Singapore
Tennis fans in Hua Hin will be disappointed to learn the Women’s Tennis Assn. (WTA) has announced the relocation of the Thailand Open, a WTA 250 event, to Singapore in 2025.
The event, which had become a staple in Hua Hin, will now be held at the purpose-built Kallang Tennis Hub in Singapore from Jan. 27, 2025. Continued …
Cha Am-Phetchaburi Food Festival set for July 24-28
The Cha Am-Phetchaburi Food Festival, running from July 24-28, promises an array of delicious food, live music, and fun activities. Held at the Cha Am Beach viewpoint in Phetchaburi from 4 pm to 11 pm daily, the event aims to boost tourism and stimulate the local economy.
The festival, officially titled the Cha Am-Phetchaburi Soft Power & Food Festival, features numerous booths offering a variety of foods from different vendors. Continued …
Squid and Seafood Festival Aug 9-11
The 2024 One-Sun Squid and Seafood Festival is set to take place from Aug. 9-11 at Laem Kade, on the beach front in Pak Nam Pran. This annual event returns after a four-year hiatus due to the COVID-19 pandemic.
The festival’s signature attraction is the “one-sun squid,” renowned for its unique taste. Squid from Pak Nam Pran is celebrated for being naturally sweet and tender, a result of the freshwater from the Pranburi River flowing into the sea and enriching the marine environment with plankton. Continued …
Heavy rains and flash flood warnings issued for Thailand
The Thai Meteorological Department (TMD) issued a warning for heavy rains and potential flash floods across most regions of the country, with Bangkok expected to experience rain in 60% of its area.
The TMD forecasts that the southwest monsoon will cover the Andaman Sea, Thailand, and the Gulf of Thailand, creating conditions ripe for thunderstorms and heavy rainfall in certain regions. A low-pressure area over northern Vietnam is also contributing to these conditions. Continued …
NSTDA and SOS Foundation discuss plans for national food bank
Thailand’s National Science and Technology Development Agency (NSTDA) co-hosted a public hearing with the Scholars of Sustenance Foundation (SOS) on Sunday to outline the plan to establish a national food bank. The move is part of the agency’s efforts to establish a sustainable and practical system for managing the country’s food waste.
Nuanwan Sanguansak, vice president of NTSDA’s strategy and budgeting management section, said the public hearing aimed to gather feedback on guidelines for managing excess food in Thailand, which will lead to the establishment of the national food bank. Continued …
Samut Sakhon fights to save ecosystem from blackchin tilapia invasion
Samut Sakhon will seek funds from the Fisheries Department to buy up all the blackchin tilapia villagers have to ensure the alien species does not damage the delicate ecosystem.
Vice Agriculture Minister Manita Klubbankoh spoke to reporters on Tuesday after she oversaw a campaign by the Samut Sakhon fisheries office to catch blackchin tilapia from canals in the province. Continued …
Military wants Bt300-million redevelopment of northern Thai oilfield
Fang oilfield in Chiang Mai, the oldest oilfield in Thailand, is to be redeveloped at a cost of 300 million baht, according to the Defense Energy Department’s Northern Petroleum Development Center (NPDC).
The oil refinery was expected to be upgraded to Euro5 and capable of producing lower-sulphur diesel, confirming that the oil would not damage car engines, Maj. Gen. Montri jeennakorn the director of the NPDC, said. Continued …
27 young Thai girls claim sexual assault by school director in Lopburi
The Thai parents and guardians of 27 girls accompanied them to file a complaint against the director of Ban Phongam School in the central province of Lopburi for allegedly sexually assaulting them.
The victims and their parents and guardians visited Chai Badan Police Station to take legal action against the school director, whose identity has not been revealed. Continued …
50-billion-baht tunnel expressway planned in Bangkok
The Expressway Authority of Thailand (EXAT) announced plans to construct a 50-billion-baht tunnel expressway connecting Kaset and Ngamwongwan. Public opinion on the project will be gathered and considered on July 13.
The route will begin at the Sri Rat Expressway-Ngamwongwan Road intersection, running along Ngamwongwan Road, passing under Phong Phet intersection, Vibhavadi Rangsit Road, and Kaset intersection, continuing onto Prasert-Manukit Road, and connecting the Northern Expressway Phase 3 Project, section N2. Continued …
Python Makes Home in ATM
A massive python caused quite a stir when it was discovered inside an ATM at a local bank. Rescue workers had to carefully dismantle the machine to capture the snake, sparking a flurry of online jokes and comments.
The incident unfolded when the giant python was found hiding inside an ATM. Footage shared on Facebook by the Guysit rescue team shows officials carefully extracting the massive reptile from the cash machine. Continued …
Russian Gang Leader Caught in Bangkok for 30M-Baht Passport Forgery – Continued …
Russian arrested for running motorcycle rental on Koh Phangan – Continued …
Taiwanese Fraudster Arrested in Bangkok After 464-Day Overstay – Continued …
Thai Ex-Girlfriend Leads to Capture of Violent Japanese Fugitive in Bangkok – Continued …
Foreigner Knocks Out Kuwaiti Tourist in Pattaya – Continued …
Japanese tourist rampage leaves trail of destruction in Pattaya – Continued …
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Cash handouts: Boon or bane for Thailand’s long-term growth?
Economic experts recently warned that the government’s cash handout policies, aimed at lifting people above the poverty line, could negatively impact Thailand’s financial status in the long term.
Thailand has remained at the “developing” country level since it was rated by the World Bank in 1988. The country’s GDP per capita, a key development indicator, sits at around US$6,900 or 230,000 baht – more than 50% less than the $15,000 or 500,000 baht per annum required to achieve high-income status. Continued …
Budget for digital wallet scheme reduced to Bt450 billion
The government will scale down the budget for the digital wallet scheme from 500 billion baht to 450 billion and will drop the plan to use 170 billion baht from the Bank for Agriculture and Agricultural Cooperatives, according to Deputy Finance Minister Julapun Amornvivat.
Julapun said on Wednesday that the decision to scale down the budget and cancel the plan to borrow from the BAAC was reached during a meeting of his subcommittee in charge of steering the digital wallet scheme. Continued …
Handout can’t be used for appliances, electronic devices
People who receive the government’s 10,000-baht handout will not be able to use the digital cash to buy mobile phones, electrical appliances or electronic devices, authorities said on Wednesday.
The products were put on a so-called negative list by a government subcommittee working on the details of the program, said Deputy Finance Minister Julapun Amornvivat. Continued …
Thai corporate earnings improving in many sectors
Thailand’s corporate earnings are improving across multiple sectors, but leverage remains high due to large investments, according to Fitch Ratings’ 2024 Bangkok briefing on the global financial market and Thailand’s corporate credit outlook, released on Wednesday.
The report painted a mixed picture of recovery in corporate earnings across various sectors: company earnings are improving but leverage remains high due to substantial investments. Continued …
Four task forces to help original industries compete in current global markets
The Industry Ministry is working with the Federation of Thai Industries (FTI) to help increase competitiveness of original industries that have been affected by the shift in the global industrial trend toward high technology, sustainability and green productivity.
Industry Minister Pimphattra Wichaikul met with a panel of FTI executives on Tuesday, led by federation Chairman Kriengkrai Thiennukul, to discuss measures to help Thai industries succeed under the government’s investment policy, while responding to the global demands. Continued …
Thailand’s economic outlook remains volatile due to domestic and global factors. In Q1 2024, the economy grew slowly at 1.5% year-on-year (yoy), or 1.1% quarter-on-quarter, seasonally adjusted (qoq, sa).
Q2 is expected to show similar characteristics, with projected growth of 1.8% yoy or 0.6% qoq, sa. The National Economic and Social Development Council (NESDC) will release Q2 data on Aug. 19, which will provide more insights for the year’s forecast. Continued …
Ingram Micro bullish on Thailand’s potential
Ingram Micro, a U.S.-based technology distributor, is joining with Taiwanese tech firm Asus and chip maker Nvidia to capitalize on artificial intelligence (AI) investment in the enterprise sector and AI-based data centers, as outlays in these fields is estimated to exceed 10 billion baht per year in Thailand.
Thailand can take advantage of the U.S.-China tech war by attracting investment from foreign firms seeking to relocate their factories, said Pornthep Watcharaamnouy, managing director of Ingram Micro (Thailand). Continued …
EV makers advised to look for export markets as oversupply looms
The Thai Electric Vehicle Assn. (EVAT) is urging manufacturers of electric vehicles (EVs) in Thailand to prepare for oversupply in the next few years due to the production requirement under the EV 3.0 policy.
The policy offers import tax exemption for EV makers, as well as other subsidies, but mandates them to produce the cars locally at a ratio of 1:1 to those imported in 2024 (importing 1 EV for every 1 locally produced EV) and a 1:1.5 ratio for cars imported in 2025 (importing 1 EV for every 1.5 locally produced EVs). Continued …
GAC AION charges ahead in Thailand with new EV hub in Rayong
China’s fourth-largest electric vehicle (EV) manufacturer, GAC AION New Energy Automobile, is gearing up to revolutionize Thailand’s automotive landscape with the inauguration of a state-of-the-art manufacturing facility in Rayong’s Eastern Economic Corridor (EEC) on July 17.
Industry Minister Pimphattra Wichaikul announced that the cutting-edge plant, costing 2.3 billion baht, is poised to kick off operations by November. Boasting an annual production capacity of 50,000 units, the new facility underscores Thailand’s ambition to become a regional EV manufacturing powerhouse. Continued …
Sena zeroes in on solar panel installation
Sena Development will continue to focus on rooftop solar panel installation to support its goal of becoming a zero-energy house (ZEH) developer.
Solar power is an essential part of ZEH development, utilizing proper insulation and built using superior building systems. It is so energy-efficient that it generates as much renewable energy as it consumes, resulting in a net-zero energy bill for occupants. Continued …
Thailand bags rice orders worth over Bt2.8 billion from the Philippines
A proactive push by the Ministry of Commerce has helped Thai rice exporters secure orders for 130,000 tons of rice, valued at over 2.8 billion baht.
Commerce Minister Phumtham Wechayachai had issued a directive to expedite the promotion of Thai rice exports to the Philippines market after news reports said that the ASEAN country would need to import approximately 4.1 million tons of rice in 2024. Continued …
Big events to be the focus of TAT’s 2025 tourism strategy
The Tourism Authority of Thailand (TAT) has announced strategies to attract 40 million foreign arrivals and generate 3.4 trillion baht in tourism revenue next year.
This move is in line with the government’s ambitious announcement to promote Thailand as a grand tourism destination, said TAT board Chairwoman Natthriya Thaweevong. The strategies include drawing big events to the country and offering tour packages designed to meet each traveler’s preferences, such as the elderly and medical tourists. Continued …
TAT Flags Politics As A Threat To The Future Of Thai Tourism
The Tourism Authority of Thailand has publicly recognized global geopolitics as a threat to the future of tourism in the post-Covid era. Officially posted by TAT Gov. Thapanee Kiatphaibool on July 8, 2024, the official recognition of this threat paves the way for it to be openly discussed and debated in industry forums, locally, regionally and globally.
Overseeing her first annual Thailand Tourism Action Plan (TATAP) caucus since being appointed TAT governor in September 2023, Thapanee flagged “Cartographic Politics” as one of five “challenges” Thai tourism faces. The other four are: Continued …
TAT working on strategies to increase number of Japanese tourists
The Tourism Authority of Thailand (TAT) disclosed active strategies for next year aimed at attracting Japanese tourists to Thailand, after the group showed signs of recovery despite the yen’s depreciation, TAT Tokyo office director Kajorndet Apichartrakul said on Wednesday.
His comments came after the country’s tourism sector reported its first-ever deficit in tourist numbers with Japan in 2023. Last year, 995,000 Thai tourists visited Japan, but only 804,000 Japanese tourists came to Thailand, resulting in a nearly 200,000-person deficit. Continued …
Hotel pools are a hot tourist attraction, Thailand ranks 4th in Asia
With heat waves dominating the news across Asia this year, Agoda has unveiled its Pool Popularity Rank, spotlighting which Asian travelers are most eager to book accommodations with refreshing swimming pools.
As temperatures soar, Agoda’s search data shows that Indian holiday-goers are most likely to dive into the water to beat the heat. Thailand ranks #4 out of 10. Continued …
Khao Yai – A Wellness Paradise
Deep in Nakhon Ratchasima province, Khao Yai is on the cusp of becoming one of Thailand’s foremost wellness destinations.
This scenic region, already celebrated for its natural beauty and historical significance, is experiencing a remarkable transformation into a Blue Zone – an area where life quality is exceptionally high, and longevity is the norm. Continued …
Korat gears up for Khao Phansa celebrations
To mark the beginning of Buddhist Lent, Nakhon Ratchasima will stage “Illuminating Korat Candle Light: King’s 72nd Birthday Celebration” on July 20 and 21 at Thao Suranaree (Ya Mo) Monument.
This year’s procession will feature 22 candle floats from several communities to celebrate Buddhist art and craftsmanship. Other highlights include a khon masked dance with light and sound performances, pong lang dance, an exhibition on Khao Phansa royal rituals, a workshop on how to make Korat-style candles, and an OTOP market. Continued …
Healing for body and soul at 4 ‘Tourism Cares’ hotels committed to sustainable leisure
Thailand currently has nine certified Tourism Cares hotels, five of which use the CF-Hotels platform to reduce their carbon footprint.
Tourism Cares is a U.S.-based non-profit organization that promotes sustainability in the travel and tourism industry. Its network covers over 160 tourism partners in various sectors worldwide, ranging from hotels, restaurants, and tour operators to museums and learning centers. Continued …
Soi 94 resurfacing, drainage improvements/Amazing food festival/Sterilizing and vaccinating stray dogs/Siam Venezia undergoing makeover/Why is Thai health care so good?/Transboundary Haze in Southeast Asia/Severe thunderstorms and heavy rain/Chinatown fire victims/Action against graffiti vandalism/Foreigners behaving badly/Economy: Real cost of living for foreigners in Thailand/Thailand’s new energy roadmap/Registration for digital wallet to start in August/Tax measures to cushion blow of wage increases/Raise the Retirement Age/Digital economy hub/Home improvement retailers/Surge in services sector employment/Property businesses face decreasing demand/Oil plan faces rocky financial road/EV insurance in the driver’s seat/BYD acquires 20% stake in Thai dealer/Four trade shows this week/Legal Implications of Cannabis Reclassification/Tourism: Major Upgrades for Key Airports/Thailand-China flights surge/Krabi Airport Set for Surge/Minibus crash in Surat Thani/Tourists rescued after speedboat sinks/Thailand Experience: Explore Kui Buri/Why do people in warm countries eat spicy food?/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
Soi 94 resurfacing, drainage improvements planned
Hua Hin municipality has announced that extensive resurfacing work will soon commence on Soi 94, one of the most uneven and damaged road surfaces in central Hua Hin. The project, which includes the installation of new drainage, is expected to take approximately seven months to complete.
The repair work will involve the installation of drainage pipes and resurfacing the road from the western railway intersection to Baan Chang Heng, extending to the far end of Soi 94 where the road turns right. The project scope includes the stretch from the railway tracks toward Lucky 13, Amara Resort, and The Happy Pig, reaching the top of the soi. Continued …
Group sterilizing and vaccinating stray dogs in Hua Hin
Homeless dogs in Thailand often face tough lives. Many puppies will die young from starvation, disease and road accidents. Sterilization is the most humane way to reduce the stray population, and enable people and animals to peacefully co-exist.
PAT, a project by Wildlife Friends Foundation Thailand (WFFT), was originally founded in 2019 to help reduce the roaming homeless animal population in Prachuap Khiri Khan and Phetchaburi provinces, and increase their welfare. Continued …
Siam Venezia undergoing makeover, renamed Simon Siam
Siam Venezia is set to undergo a significant transformation aimed at promoting Thai arts and culture and attracting more international visitors.
The transformation will see Simon Venezia become a venue for regular events, both large and small scale, while a hotel will also be constructed on the site. Continued …
Why is Thai health care so good?
Political turmoil in Thailand is unrelenting. Over the past two decades, 11 different prime ministers have led the country. In the coming weeks that number could increase, as the constitutional court considers dismissing the current leader, Srettha Thavisin, over an allegedly illegal cabinet appointment. Yet amid such instability, one aspect of Thailand’s governance flourishes: its public-health system.
Thai health care is among the most effective in the world. The average Thai can expect to live to 80, much longer than their regional counterpart (the Southeast Asian figure is 73) and even slightly longer than the average American and European (each roughly 79), according to the latest data from the United Nations. Last year, a whopping 99.5% of the population of 72 million was covered by health insurance. Continued …
The Pressing Issue of Transboundary Haze in Southeast Asia
Air pollution has long been a significant health concern in Southeast Asia, with the issue of transboundary haze taking center stage in recent years. This environmental challenge knows no borders, as smoke from wildfires and land-clearing activities in one country can easily drift across national boundaries, blanketing entire regions in a thick, hazardous haze.
One of the main causes of transboundary haze pollution in the ASEAN region is peatland fires. The ASEAN region is home to 56% of the global tropical peatlands, yet more than 3 million hectares of peatlands in Southeast Asia have been destroyed by fire. Continued …
Severe thunderstorms and heavy rain forecast for 45 provinces
The Meteorological Department of Thailand (TMD) issued a warning for severe weather, predicting thunderstorms and heavy rain across 45 provinces, with Bangkok expected to be significantly impacted. Citizens are advised to take precautions against the potential dangers of severe rain and flooding.
Today, the TMD forecasts that the southwest monsoon will cover the Andaman Sea, Thailand, and the Gulf of Thailand. This weather pattern will bring thunderstorms and heavy rain to various parts of the country. People in these areas should be cautious of hazardous conditions due to accumulated rainfall. Continued …
Chinatown fire victims mostly migrant workers
More than 260 people have registered for assistance following the Yaowarat fire on Saturday night in Bangkok’s Chinatown, most of them migrant workers, according to the permanent secretary for human security.
The fire in Trok Pho community started about 8.40pm on Saturday. Sixty-six wooden houses in the community were burned down or badly damaged. The fire also damaged parts of two hotels and adjoining commercial buildings on Yaowarat Road. Patients were evacuated from nearby Thianfah Hospital. Continued …
Pattaya residents demand action against graffiti vandalism
Residents in Pattaya are calling for decisive action against vandals who have marred the city’s landscape with graffiti. Electrical control boxes, traffic signs, and private properties along major roads such as Sukhumvit Road, Third Road, and South Pattaya Road have been defaced with graffiti, including gang symbols and vulgar language.
The graffiti, which has been unchecked, has significantly impacted the city’s visual appeal, leading to growing frustration among the local community. Concerned citizens are urging police to take action to address the issue and restore Pattaya’s beauty. Continued …
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Foreigner Steals Van and Crashes into another Van – Continued …
Russian DJ Arrested After Hit-and-Run Accident in Surat Thani – Continued …
Can of Beans raises the issue of the real cost of living for foreigners in Thailand
A can of Heinz beans went viral on social media site TikTok last week. Two young tourists from Ireland and the United Kingdom expressed horror at the price tag of Bt420.
Although probably an error or mistake, it comes with a growing conflict between reports from ordinary people, including expats and Thais, about the cost of living and official Thai government data. It came in a week in which the Ministry of Commerce confirmed 0% inflation for the first six months and when June’s inflation rate was only 0.67%, defying a Reuters poll that predicted 1.13%. Continued …
Thailand’s new energy roadmap: a path to eco and economic crisis?
Thailand is set to boost renewable energy used in electricity production from 36% to 51% in its latest power-development plan (PDP). Yet, many experts argue that the plan is a blueprint for failure in meeting emissions targets and ensuring energy security.
Prepared by the Energy Ministry, the PDP is the country’s master plan for power production based on forecasts of rising demand over the next 15 to 20 years. The PDP was aired at a week-long public hearing and will be submitted to the Cabinet for approval soon, said Veerapat Kiatfuengfoo, director of the Energy Policy and Planning Office (EPPO). Continued …
Registration for 10,000-baht handout to start in August
Deputy Finance Minister Julapun Amornvivat has confirmed that registration for Thai people eligible for the 10,000-baht handout under the digital wallet scheme would start next month.
Meanwhile, government spokesman Chai Wacharonke warned Thais not to click any SMS link that told them to register for the digital wallet scheme, saying no such link would be sent by the government. He urged people to beware of call-center gangs. Continued …
Tax measures for employers to cushion blow of wage increases
The Finance Ministry expects to introduce measures soon to alleviate the impact on businesses burdened by an increase in the minimum wage.
According to Deputy Finance Minister Julapun Amornvivat, a hike in the minimum wage must be accompanied by tax measures to ease the burden on businesses, similar to past wage increases. Continued …
Time to Raise the Retirement Age in Thailand
Social activist Sombat Boonngam-anong, founder of the Mirror Foundation, which deals with missing persons as well as helping homeless people, wrote last week week saying he was recently approached by a 61-year-old man while he was having a meal.
The man asked if he could be hired to work for some of his non-profit enterprises, adding he could sing and play music, as he used to do so for a living when he was younger, and had worked looking after a building. He can do watercolor paintings and more. The man then told him the real motive – he does not want to be a financial burden to his daughter, the sole breadwinner. Continued …
How Thailand aims to become a digital economy hub
Thailand is positioning itself to become a leading digital economy hub, with support from global tech leaders such as Amazon Web Services, Microsoft, and Google.
Recently, there are 37 data center and cloud service projects that have received approval from the BOI, with an investment value over USD2,800 million. They include AWS, NextDC, STT GDC, Supernap (Switch), One Asia, Alibaba Cloud, and Huawei Technologies, according to a Thailand PRD report. Continued …
Home improvement retailers contending with slowing economy
Higher household debts, coupled with slowing economy and weaker consumer spending, has taken a toll on the sales growth of home improvement retailers such as Home Products Plc (HMPRO), DoHome Plc (DOHOME) and Siam Global House Plc (GLOBAL), with the outlook for the remaining part of the year continuing to remain bleak.
Home improvement players such as HMPRO and DOHOME have been shielded from the volatility of the retailing market but their performance during the 2nd quarter of the year is likely to show a dip in sales that has not been seen in years. Continued …
Factory closures drive surge in services sector employment
The majority of more than 300,000 laid-off industrial workers from recent factory closures are flocking to the services sector, particularly the hospitality industry, according to the Tourism Industry Council of Thailand’s most recent Tourism Confidence Index report.
According to the data, 561 factories were closed during the first five months of this year. Still, more than 3,573 factories closed between January 2011 and May 2024, resulting in the loss of more than 300,000 jobs. Continued …
Property and leasing businesses face decreasing demand
Tris Rating, a Thai credit rating agency, warns that property and leasing businesses should be strictly monitored in the second half based on decreasing demand, after 20 companies were downgraded in the first six months.
President Sakda Pongcharoenyong said the real estate and leasing industries have a gloomy outlook in the second half, as declining demand may affect their operating results. Continued …
Thai oil plan faces rocky financial road
The government’s plan to increase Thailand’s strategic petroleum reserve (SPR) faces resistance from executives in the oil refining and ethanol production sectors, who point to financial challenges.
A plan to increase the SPR, which was upgraded in the 2024 oil plan, was initiated by Energy Minister Pirapan Salirathavibhaga, who stressed the need to enhance national oil security. Continued …
EV insurance in the driver’s seat
Electric vehicle insurance has emerged as a crucial factor that could shape the future of Thailand’s burgeoning EV industry.
Although a recent report suggesting two insurance companies have ceased insuring electric cars remains unconfirmed, it has prompted insurers, automakers and bankers to seriously consider insurance and various issues that could impact EV sales. Continued …
BYD acquires 20% stake in Thai dealer
The Chinese electric vehicle maker BYD will acquire a 20% stake in its local distributor Rever Automotive in Thailand, its largest market outside of China where it is the EV market leader, the companies said on Saturday.
The Shenzhen-based automaker opened its first factory in Southeast Asia in Rayong last week. The $490-million plant will have an annual manufacturing capacity of 150,000 vehicles and employ 10,000 workers. Continued …
Bitec to host four trade shows this week
Four premier international trade shows will be held under one roof to help stimulate the country’s economy in the second half of the year, at Bitec Hall, Bang Na-Trat Road, daily from 10am to 7pm, starting Thursday to Sunday.
Organized by Kavin Intertrade, the Thailand Franchise & Business Opportunity (TFBO 2024), the Thailand Retail, Food & Hospitality Services (TRAFS 2024), the ASEAN Retail 2024, and Pub & Bar Asia 2024 will bring 330 companies to showcase over 10,000 products at 630 booths, spanning an area of 20,000m². Continued …
Deputy PM Questions Legal Implications of Cannabis Reclassification
Thai Deputy Prime Minister Anutin Charnvirakul reaffirmed Bhumjaithai Party’s stance that cannabis should be used for medical and economic purposes, not for recreation. Anutin questioned the rationale behind this reclassification, as it reverts to a previous status set by the same board during his tenure as minister of public health.
Anutin expressed concerns about the legal implications for community-level cannabis growers and questioned how the Thai government would address the thousands released for cannabis-related offenses in 2022. Continued …
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Thai PM Pledges Major Upgrades for Key Airports
In an ambitious stride toward redefining Thailand’s airspace, Prime Minister Srettha Thavisin has pledged to overhaul the nation’s airports, aiming to meet global standards and establish Thailand as a top regional aviation hub.
The plan, spearheaded by Deputy Prime Minister and Minister for Transport Suriya Juangroongruangkit, targets enhancements in aviation safety, customer service, and operational efficiency. Continued …
Thailand-China flights surge 213% after visa exemption deal
Flights between Thailand and China have surged to 55,000 in the past eight months, following the signing of a mutual visa exemption agreement, according to the Ministry of Transport.
Deputy Transport Minister Surapong Piyachote reported that the 55,433 flights from October last year to May marked a 213% increase compared to the same period the previous year. He projected that 86,150 flights would operate between the two nations by the end of the fiscal year on Sept. 30. Continued …
Krabi Airport Set for Surge in Flights This Winter Season
Krabi Airport is preparing for an unprecedented increase in passenger volume, as 13 international and local airlines have scheduled additional flights for the upcoming winter season.
This boost is aimed at servicing the anticipated influx of tourists heading to Thailand’s famous Andaman coast from October 2024 to March 2025, which is considered the peak tourist period. Continued …
Minibus crash in Surat Thani injures 10 foreign tourists
A minibus carrying foreign tourists overturned yesterday, injuring 10 passengers. The accident occurred around 6.30am yesterday on Phunphin-Mueang Road in the Tha Lon subdistrict, Phunphin district, Surat Thani Province.
Police and rescue workers promptly arrived at the scene where they found the minibus overturned on the roadside. The 10 foreign tourists, who sustained minor injuries, were swiftly transported to Phunphin Hospital for medical treatment. Continued …
Tourists rescued after speedboat sinks off Surat Thani coast
A speedboat carrying tourists on a fishing trip was hit by large waves, causing it to take on water and eventually sink. Five people were left stranded in the sea before being rescued by local fishing boats and the marine police.
At 12.20 am today, the marine police received a distress call from relatives of the speedboat’s driver, alerting them that the boat was sinking. The marine police, led by Yuranan Meedet, quickly dispatched a rescue team from Surat Thani to the scene. Continued …
Explore Kui Buri, the ‘Safari of Thailand’ near Hua Hin
Just an hour and a half drive from Hua Hin, Kui Buri National Park in Prachuap Khiri Khan Province offers a unique experience for nature enthusiasts.
Renowned as one of Thailand’s premier destinations for observing wild elephants, the park is currently experiencing a surge in wildlife activity, making it an ideal time for locals, expatriates, and tourists to visit. Continued …
Why people in warm countries eat spicy food?
Take a moment to sit back and think about the spiciest dish you’ve ever tasted. Try to recall how it made you feel — the heat, the sweat, the tears. Did it set your mouth ablaze and make your heart race? And did you feel the burn long after the meal was over?
Now, which cuisine was this fiery blast from the past a part of? Chances are, it hailed from a warm country like India, Mexico, or Thailand. Indeed, some of the world’s spiciest foods originate from countries with the hottest climates. But why is that? Continued …
Baht tipped to rise to 36.1/Heavy rain and high waves forecast/Bus routes to link airports/Baby twin elephants receive blessings/University Degree-Buying Scandal/True iService app unveiled/Blaze Takes Lives of 21 Cats/Flooding Thailand with meth/Why Aren’t There More Christians?/Economy: Stronger growth needed/Thailand gears up for digital wallet launch/PM to announce all details of digital wallet/Social Security’s survival mapped out/Crucial for Thai agriculture/Thailand, Japan join hands/Thai AirAsia expects profit to hit record/Chinese EV price cuts/7 billion baht for EV subsidies/Food waste a major contributor/KFC Thailand’s CMO/Form cannabis impact panel/Thai cannabis market worth billions/Tourism: TAT eyes 7.5% revenue growth/Luxury tourism niches/Boost appeal to Muslim tourists/Incentives for Chinese Airlines/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
Baht tipped to rise to 36.1 to the greenback
The baht could appreciate further to 36.1 to the U.S. dollar in the short term following recent gains to a one-month high on Monday, as weaker than expected U.S. economic data prompted the market to anticipate the Federal Reserve may start trimming U.S. interest rates in September.
The Thai currency led Asian currency gains, trading at 36.4 baht to the dollar on Monday morning, up 0.4% from Friday’s close of 36.58, as investors rushed to sell dollars after personal consumption expenditure (PCE) and core PCE pointed to cooling U.S. inflation. Continued …
Heavy rain and high waves forecast across Thailand
The Meteorological Department of Thailand (TMD) issued a warning about the southwest monsoon covering the Andaman Sea and the Gulf of Thailand, causing waves exceeding two meters and heavy rain across Thailand, including Bangkok and its vicinity, with thunderstorms expected in 60% of the area.
The TMD forecasts weather conditions for the next 24 hours, highlighting the impact of the southwest monsoon over the Andaman Sea, Thailand, and the Gulf of Thailand. This weather pattern is expected to result in thunderstorms and heavy rainfall in various regions of the country. Continued …
Bus routes to link airports
State-run bus operator Transport Co. will launch bus services to three major airports run by Airports of Thailand (AoT) and open ticketing offices in an effort to allow seamless travel to destinations in other provinces, the company announced on Monday.
The so-called feeder buses will serve mainly principal cities, tourism hotspots, and some secondary provinces, including Pattaya city in Chon Buri, Chanthaburi, Trat, Nakhon Ratchasima and Hua Hin district in Prachuap Khiri Khan. Continued …
Baby twin elephants receive blessings from monks
The Royal Elephant Kraal Village in Ayutthaya’s Suan Prik subdistrict on Sunday hosted a merit-making ceremony to celebrate the world’s first twin elephants of different sexes reaching the age of one month. A 36-year-old elephant named Pang Jamjuree gave birth to male and female calves on the night of June 7. The male calf weighs in at 104.9kg and the female at 62.15kg. Both are showing healthy growth under the constant supervision of veterinarians and caretakers. (The Nation)
Minister Supamas Acts Swiftly Amid University Degree-Buying Scandal
In an effort to maintain academic respectability, Higher Education, Science, Research and Innovation Minister Supamas Isarabhakdi pledged to take immediate action over accusations of a private university purportedly trading degrees to rich students without requiring them to attend classes.
Whisperings surrounding this issue led to an announcement yesterday by Minister Supamas about the creation of a formal inquiry committee headed by the ministry’s Deputy Secretary, Supachai Pathumnakul. While the minister did not directly name the accused university, speculation is rife that it belongs to the city of Phitsanulok. Continued …
Latest True iService app unveiled
True Corp. has launched a new version of its True iService application powered by artificial intelligence (AI) to unify all of its services in one place, aiming to enhance customers’ digital life through the gateway concept.
Nititum Kovitgoolkri, head of the product and services division at True Corp., said the company aims to bolster its service and elevate the customer experience through development of True iService into a comprehensive digital service hub for customers. Continued …
Blaze Takes Lives of 21 Cats from Poor Woman, 5 Survive
A tragic fire broke out at 4-story commercial building in a residential area in Bangkok, late Sunday night, killing 21 cats that were under the care of a female traditional massage therapist.
Officials took 10 minutes to control the fire. There were no human injuries or fatalities. However, 21 cats on the second floor died. Officials managed to save five cats that had inhaled smoke. The owner cried, both saddened by the loss of the beloved cats and grateful that officials were able to save five of them. Continued …
Myanmar rebels flooding Thailand with meth
Armed ethnic groups are producing more illicit drugs to traffic in or through Thailand to finance their fight against the forces of the Myanmar government, a senior army officer said on Monday.
The Pha Muang Force had seized 151 million methamphetamine pills so far this fiscal year, a leap from 42 million in the same period last year. It also confiscated 256 kilograms of heroin and 1,350 kilograms of crystal meth, known as “ice”. Continued …
Missionaries Have Gone to Thailand for 200 years. Why Aren’t There More Christians?
In Asia, Thailand is the go-to location for Christian conferences. Thanks to its sunny weather, low cost of living, bountiful hotels, and close proximity to countries closed to missionaries, Thailand is often the gathering spot for missionaries and international evangelical organizations.
Though Theravada Buddhists make up about 93% of the population, the Thai government is open and accommodating to Christian groups, to the point where the country has become a popular spot for numerous mission agency headquarters. Continued …
Email link – kenbrown@businessclassasia.com
Russian man arrested with 300,000 baht in fake euros in Pattaya
Thailand’s economic recovery is uneven and stronger growth is needed, Bank of Thailand (BoT) governor Sethaput Suthiwartnarueput told a seminar.
Sethaput said Thailand’s potential economic growth rate of about 3% was not high enough. The central bank has forecast economic growth of 2.6% this year and 3% next year. Continued …
Thailand gears up for digital wallet launch: 10,000 Baht Payout Per Citizen
Thailand is preparing to launch an innovative digital wallet initiative, sponsored by the government, that aims to distribute 10,000 baht to every citizen. This move is part of a wider effort to stimulate economic growth by encouraging consumer spending within local markets.
Deputy Finance Minister Paopum Rojanasakul recently clarified details of the project timeline and addressed opposition concerns regarding potential misuse of funds and procedural delays. Continued …
PM to announce all details of digital wallet scheme on July 24
Prime Ministre Srettha Thavisin will announce the complete details of the government’s digital wallet handout scheme on July 24, Deputy Finance Minister Paopoom Rojanasakul said.
The details will include the list of products that digital money recipients can buy and the dates when potential recipients and vendors can register to participate in the project, Paopoom said on Monday. Continued …
Path to Social Security’s survival mapped out
The Social Security Fund’s accumulated total is projected to reach 5 trillion baht by 2025, but this amount risks being drastically depleted by 2054 due to two major factors: increasing life expectancy and declining birth rates, leading to a shrinking workforce and low contribution rates.
The Thailand Development Research Institute (TDRI) and the insured’s representatives are proposing such solutions as adjusting the criteria for old-age pensions, recalculating social security, raising the retirement age, modifying the contribution ceiling, and increasing the number of insured individuals in other categories to ensure the fund grows and remains solvent. Continued …
Political mindset crucial for Thai agriculture
Thailand needs a political mindset on agricultural policies to cope with the impacts of the changing landscape of markets, climate change, advanced technology, and aging population.
The need to rethink the way agriculture is handled comes as the Thai GDP expanded only 1.5% year on year in the first quarter, mainly due to the ongoing US-China trade war and the impact of geopolitical conflicts on the global economy, according to the National Economic and Social Development Council. Continued …
Thailand, Japan join hands to reduce greenhouse gas emissions
Thailand and Japan have partnered under the joint crediting mechanism (JCM) to reduce greenhouse gas emissions and promote low-carbon technology to achieve goals set in the Paris Agreement.
Adopted in 2015, the international agreement aims to limit global warming to 1.5°C, and work to reduce CO2 emissions to net zero by 2050. Continued …
Thai AirAsia expects 2024 core profit to hit record
Asia Aviation Plc, owner of Thailand’s biggest low-cost airline, expects record earnings from core operations this year, as a surge in overseas visitors boosts seat demand and airfares.
Thai AirAsia, the company’s 100%-owned budget airline unit, also intends to add more flights to China and India to capitalize on a boom in travel from its two biggest markets, Asia Aviation Chief Executive Officer Santisuk Klongchaiya said in a July 4 interview in Bangkok. Continued …
Chinese EV price cuts get official green light
The Trade Competition Commission of Thailand (TCCT) says price wars among electric vehicle (EV) dealerships do not violate the trade competition law, but rather foster competition.
Visanu Vongsinsirikul, secretary-general of the TCCT, said recent price slashing by Chinese EV brand BYD in Thailand is not considered a violation of the Trade Competition Act of 2017, as the product is not being sold below production costs. Continued …
Thai government seeks 7 billion baht for EV subsidies
The Thai government plans to request an additional 7 billion baht in funding to support the promotion of electric vehicles (EVs). This effort aims to subsidize 35,000 EVs, with expectations for EV production facilities to compensate with 80,000 to 90,000 units in the first year. Over 30 automotive companies are participating in the initiative.
Previously, the department had already disbursed over 7 billion baht in subsidies, supporting 40,000 EVs. The total subsidy expenditure thus far amounts to around 14 billion baht. Continued …
Food waste a major contributor to global warming, Thai company trying change that
Over a billion metric tons of food is wasted each year. Food waste management is crucial — the issue currently contributes 10% of global greenhouse gas emissions at a time when 783 million people around the world face chronic hunger.
According to the most recent UN Environment Program’s Food Waste Index Report, about 28% of food waste is from food services. Now, one Thai company is trying to lower that statistic. Continued …
KFC Thailand’s CMO on local flair, innovation, and his recipe for success
Anyone in the quick-service restaurant (QSR) industry knows the term “quick” is a misnomer. Sure, the delivery is fast, but behind the scenes there is a meticulous strategy of pricing, adaptation, understanding local tastes and culture, and a commitment to long-term brand building.
Suhayl Limbada, the chief marketing officer at KFC Thailand, embodies this ethos, steering the brand through the complexities of a market renowned for its rich and diverse culinary traditions. Continued …
Email link: sivanavillas@gmail.com
Government urged to form cannabis impact panel
Cannabis advocates are calling on the government to set up a committee to study the impacts of the plant before proceeding to relist it as a narcotic.
Prasitchai Nunual, secretary-general of the Writing Thai Cannabis’ Future group, which held a protest near Government House on Monday, said the study should cover physical health, mental health, its effects on society and its therapeutic benefits compared to tobacco and alcohol. Continued …
Recriminalization of hemp, pot would wipe out Thai cannabis market worth billions
More signals surfaced last week indicating Thailand is likely to reverse course on cannabis by shutting down a combined legal CBD and marijuana market projected to reach billions in value. A key drug committee passed a resolution that would limit products made from flowers of both marijuana and industrial hemp to medical applications that require a doctor’s prescription.
The country famously joined a trend toward 1.0% THC by dry weight allowable in hemp crops in 2019, setting a separate limit of 0.2% for food and cosmetics products. The country then removed all cannabis from its Narcotics Act and decriminalized cultivation and possession in December 2020, opening up the market for CBD and pot. Continued …
TAT eyes 7.5% revenue growth in 2025
The Tourism Authority of Thailand (TAT) is targeting 7.5% revenue growth or 3.4 trillion baht in 2025, while private operators suggest offering subsidies for airfares to accelerate income.
During the TAT Action Plan 2025 meeting on Monday, board Chairman Natthriya Thaweevong said as the government aims to designate 2025 the “Thailand Grand Tourism Year”, the industry could be the fastest-growing sector among the eight pillars of the “Ignite Thailand” scheme. Continued …
Report pinpoints luxury tourism niches
As Asia-Pacific continues to be a growth engine for luxury travel, a new report from the Luxury Group by Marriott International has identified new expectations and travel preferences among wealthy travelers in the region.
Across Asia-Pacific, 68% of those surveyed are planning to spend more on leisure travel over the next 12 months. Some 74% of respondents are planning to travel within Asia-Pacific, and 88% are prioritizing gastronomy as the reason to travel. Continued …
Government keen to boost appeal to Muslim tourists
The government will continue to develop a strategy to turn Thailand into the region’s hub for halal tourism, according to spokesman Chai Wacharonke, adding Prime Minister Srettha Thavisin has ordered all tourism-related agencies to promote the country as a Muslim-friendly destination.
Chai’s statement on Monday came after Thailand came in fifth among non-OIC (Organization of Islamic Cooperation) countries on the Global Muslim Travel Index (GMTI) published by Crescent Rating and Mastercard, which ranks countries based on the conveniences they offer to Muslim travelers — including halal food options, travel environment and ease of accessing a place of worship. Continued …
Thailand Wants To Offer Incentives for Chinese Airlines
The Tourism Authority of Thailand (TAT) is negotiating with the Civil Aviation Authority of Thailand (CAAT) and Airports of Thailand (AOT) to increase the number of slots for flights from China to Thailand.
They are proposing incentives to encourage airlines to add more flights to secondary cities. If the number of slots is increased by only 10% in the fourth quarter, monthly tourist arrivals could exceed 1 million and the annual target of 8 million Chinese tourists could be reached. Continued …
Saudi Aramco Cuts Oil Prices for Asian Market Amid Demand Weakness
Saudi Aramco, the world’s top crude exporter, has cut prices for its oil grades to Asia for two consecutive months, signaling a perception of weak demand in its key market. The company reduced the official selling price for August shipments by $0.60 to $1.80 per barrel over the Oman/Dubai average, reflecting challenges faced by OPEC producers amid increasing supply from non-OPEC nations. Continued …
Singapore says yes to edible insects in boost to food security
Certain types of grasshoppers, moths and crickets could be appearing on Singapore’s supermarket shelves and restaurant tables after the government approved the import of insects and insect products for human consumption and animal feed. Continued …
Thailand’s problematic expats?/Foreigners behaving badly/Russian arrested in Hua Hin/British teacher, 30, jailed in Thailand/Hua Hin among world’s 10 most affordable beach destinations/Hua Hin Food FestivalFirst ever Pride parade/Get Ready For Increased Rainfall/Thailand’s new healthcare policy/Thai banks cautioned about Myanmar/Yala Car Bomb Attack/UFO sighting over Prachinburi/Economy: Do subsidies affect consumption?/Surge in factory openings/Is Thailand Joining BRICS a Disaster?/Opportunities for agriculture industry/Exporters urged to tap future foods/Grab bucks the trend/Strong FDI flows/Tourism: Searches soar for Thai destinations/TAT rolls out six tourist train rides/Tourists in Chiang Mai Rescued/Heavy flooding in Phuket/Better surf danger awareness/Jet-Ski Passenger Missing/Russian Teen Injured from Speedboat Propeller/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
Why are so many foreigners residing in Thailand problematic types?
I can’t help but notice all the negative aspects about many of the expats I’ve come across in Thailand. It’s disheartening to see that so many foreigners seem to fall into one of several categories: unpleasant, criminal, or otherwise problematic.
Firstly, the number of rude and disrespectful expats is staggering. It’s as if some people left their manners at the airport. From obnoxious behavior in public to a complete lack of respect for Thai culture and people, these individuals don’t add anything positive to the backdrop. It’s also embarrassing and frustrating to witness. Continued …
Russian arrested in Hua Hin with multiple drugs seized
A Russian man has been arrested and illegal drugs seized from his room in Hua Hin town of Prachuap Khiri Khan province.
The arrest followed the seizure of a parcel containing 840 grams of mephedrone on June 24, Office of the Narcotics Control Board (ONCB) Secretary-general Panurat Lakboon said on Saturday. He did not disclose the name of the suspect. Continued …
British teacher, 30, jailed in Thailand reveals ‘inhumane’ living standards
A British teacher who was behind bars in a Thai prison for five months has spoken out about the “inhumane” conditions of his cramped cell with 180 convicts.
Jamie Morton, 30, had been living in the country as an English teacher, but soon after he decided to work illegally after his visa expired, he fell into a life of drugs and alcohol. Continued …
Indian Tourists Brawl in Pattaya; Arrests Made – Continued …
Suspected Japanese criminal arrested in Bangkok for overstaying visa – Continued …
Hua Hin listed among world’s 10 most affordable beach destinations to live
Hua Hin has been recognized as one of the 10 most-affordable beach destinations to live in worldwide, according to a recent list released by Travel & Leisure.
The ranking, based on input from International Living magazine and various cost-of-living reports, highlights destinations that offer budget-friendly living without compromising on quality of life. Continued …
Hua Hin Food Festival set for August 2-4
The Hua Hin Food Festival 2024, scheduled for Aug. 2-4, will feature over 100 booths, according to the latest update from Hua Hin Municipality and Hua Hin Women’s Club. The festival will be held at Suan Luang Queen’s Park (19 Rai).
The festival will feature over 40 booths from hotels and restaurants in Hua Hin and more than 60 booths from community restaurants. Attendees can expect a variety of local dishes and specialties at affordable prices. Continued …
Hua Hin holds first ever Pride parade
Large crowds gathered at in front of Bluport Hua Hin on Saturday for Hua Hin’s first-ever Pride parade.
Former Deputy Prime Minister Suwat Liptapanlop presided over the Bluport Rise of Pride 2024 event and kicked off the Color of Pride 2024 parade. Continued …
Get Ready For Increased Rainfall As La Niña Roars Back
With La Niña, the cooler counterpart to the famed El Niño, now making a grand return, Thailand faces above-average rainfall from July to September, with this continuing until January-March, 2025.
The Thai Meteorological Department’s Climate Center said, as the southwesterly monsoon covers Thailand from mid-May to mid-October, with this originating from a high pressure zone in the southern Indian Ocean, the reemergence of La Niña weather pattern will lead to more rainfall, especially along the coast and mountainside. Continued …
Navigating the promise and pitfalls of Thailand’s new healthcare policy
The government’s groundbreaking move to allow Thais to receive universal healthcare treatment at any public hospital has been greeted by cheers – but also fears.
While the policy promises greater convenience for patients, critics warn of potential risks, including the collapse of the primary healthcare system and increased public healthcare expenses, as well as overcrowding and excessive workloads at popular hospitals and medical facilities. Continued …
Thai banks cautioned about compliance issues related to transactions with Myanmar
The Bank of Thailand has mandated that Thai financial institutions comply with the Anti-Money Laundering Act B.E.2542, including following the KYC and EDD procedures outlined by the AMLO. Failure to comply will result in actions by the AMLO.
Following recent developments concerning transactions between Thai financial institutions and Myanmar, the Anti-Money Laundering Office (AMLO) has reiterated the necessity for all financial institutions to adhere to the Anti-Money Laundering Act B.E. 2542 (1999). Continued …
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One Killed, Many Injured in Yala Car Bomb Attack
A devastating car bomb exploded in Yala, resulting in one death and multiple injuries. The bomb detonated outside police apartments in Bannang Sata district, in the troubled southern province.
Initial reports from local law enforcement reveal that insurgents parked a car packed with explosives in front of the police residential building, which is located near both the district office and the main police station. The type of detonation — whether time or remote-controlled — remains unclear at this stage. Continued …
UFO sighting over Prachinburi pond sparks local curiosity
A former MP candidate claims to have witnessed a large UFO over a pond in Prachinburi’s Prachinwanarom Park, describing it as a recurring phenomenon. She believes the UFO visits to extract energy and has linked it to lucky lottery numbers.
On Saturday, a video was posted showing a large, soft blue light moving upward in the night sky over a pond in Prachinburinwanarom Park, Prachinburi City Municipality, Prachinburi Province. The light emitted a long beam, cutting through the darkness and making it clearly visible. Continued …
Do subsidies affect consumption?
Government attempts to limit energy prices in Thailand may please the public in the short term, but they are raising concerns about fuel consumption over the long term.
Among the latest measures is an extension of the diesel price subsidy, paid for by the Oil Fuel Fund, fixing the retail price at 33 baht a liter until July 31. Continued …
13 industries see surge in factory openings despite economic downturn
Thailand’s industrial sector overall in June showed signs of slowdown. This is attributed to domestic factors, particularly declining industrial confidence stemming from the risk of drought affecting agricultural products.
However, Warawan Chitaroon, the director of the Office of Industrial Economics (OIE), said visa exemption measures in several countries are expected to boost tourism and the economy. At the same time, business confidence continues to improve. Continued …
Is Thailand Joining BRICS a Disaster?
The Thai government controversially submitted an application to join BRICS earlier this month – is it a mistake and a disaster?
Well, the timing was awkward, if not bad, considering that Russia, a key BRICS member, is still waging a full-scale war against Ukraine and an arrest warrant against Russian President Vladimir Putin has been issued by the International Criminal Court. Continued …
CP chairman notes opportunities for agriculture industry
Durians, beans, food as medicine and plant genome editing could play important roles in boosting the competitiveness of the Thai agriculture industry, the senior chairman of Thailand’s largest conglomerate said on Friday.
Dhanin Chearavanont of Charoen Pokphand Group (CP) said the industry could gain positive sentiment from rising global demand for herbs amid the trend of food as medicine. He asked the government to support herb cultivation in terms of quality and safety. Continued …
Thai exporters urged to tap future foods amid greater health awareness
Thailand’s export of future foods is expected to rise by 5%-10% this year on healthcare trends among consumers, the Thai Future Food Trade Assn. Said.
The association president, Wisit Limluecha, said was ranked 12th among world’s food exporters with 70% of food production for domestic consumption and 30% for export. Continued …
Grab bucks the trend of struggling food delivery operators
The food delivery market in 2024 continues to experience a downward trend, and would be valued at around 86 billion baht, a 1% year-on-year contraction, according to Kasikorn Research Center.
The declining trend is persisting even though the average price per order is expected to increase by approximately 2.8% from the 2023 average, or around 185 baht per order. Continued …
Southeast Asian countries see strong FDI flows
Southeast Asia has emerged as a top choice for firms looking to diversify production away from China, including Chinese companies, amid escalating tensions between Washington and Beijing.
Southeast Asia is well-placed to benefit significantly from the China+1 phenomenon, as both foreign and Chinese companies diversify their supply chains and operations, Kuo-Yi Lim, co-founder and managing partner of Southeast Asian venture capital firm Monk’s Hill Ventures was quoted as saying. Continued …
Agoda: Searches soar for Thai destinations
As the rainy season sets in, there’s an uptick in searches for Thailand’s secondary cities, Agoda observes in its latest Thai travel market report. Based on accommodation searches, Agoda identifies so-called secondary cities in Thailand: Chanthaburi, Nakhon Si Thammarat, Nakhon Nayok Ratchaburi, and Chiang Rai.
Chiang Rai’s main tourist season was cut short by forest fires, and smog was deemed a serious health hazard for its elderly residents and children. However, the early onset of the rainy season revived domestic bookings, although hoteliers report that June to September performance metrics — average room rate, REVPAR and occupancy — are well below the pre-pandemic seasonal averages. Continued …
TAT rolls out six tourist train rides, including to PKK July 13-14
Leveraging on the country’s logistics capabilities, the Thai government plans to promote year-round travel for tourists, and as part of this policy the Tourism Authority of Thailand (TAT) is collaborating with relevant partners to develop infrastructure that allows tourists easy access to major attractions.
The “Amazing Experience” initiative aims to provide new and valuable travel experiences in major cities, connecting 55 notable provinces across the country. This is done in conjunction with presenting Thai identity through the concept of “5 Must Do in Thailand” to drive the government’s “Ignite Thailand’s Tourism” policy. Continued …
Tourists in Chiang Mai Rescued from Raging River by Elephant Mahout Team
A group of tourists were stranded in the middle of a raging river after their raft capsized in Chiang Mai province on Friday. Fortunately, they were rescued just in time by a team of elephant riders.
The dramatic moment was shared online, showing a group of tourists enjoying rafting when their raft capsized due to a sudden strong current. Continued …
Email link – kenbrown@businessclassasia.com
Heavy flooding after torrential rains in Phuket
Heavy rainfall in Phuket disrupted flights and caused widespread flooding across the tourist island province. Starting at 7am yesterday, persistent rain forced the diversion of around 10 inbound flights to other airports, including Don Mueang, Suvarnabhumi, Krabi, Langkawi, Penang, and Surat Thani.
The heavy downpour reduced visibility, making it impossible for pilots to see the runway, according to Phuket airport director Monchai Tanod. Four outbound domestic flights were also affected, unable to depart as they waited for passengers from the delayed incoming flights. Continued …
Lifeguards call for better surf danger awareness among tourists
Wirun Chuasaman, head lifeguard at Surin-Bang Tao Beach, has called for intensive campaigns to educate tourists of the dangers of rip currents and strong waves during the southwest monsoon to help reduce the number of people drowning at tourist-popular beaches. Continued …
Jet Ski Passenger Missing after Falling into Samui Sea
An 18-year-old jet ski staffer has gone missing after he sat behind a foreign customer before falling into the sea near Samui Island on Friday.
The Bophut Police said they were notified Thanatip Sompaen, 18, from Nakhon Si Thammarat, had gone missing near the Chaweng Beach. Continued …
Russian Teen Injured from Speedboat Propeller Near Patong Beach
A 17-year-old female Russian has sustained leg injuries from a speedboat propeller while swimming near the Patong Beach.
The Patong Police were notified of the incident from Patong lifeguards on Saturday. Emergency responders arrived at the scene at the Patong Beach near the Taweewong road. Continued …
Indonesia to impose 100% import duties
Indonesia is preparing to impose safeguard duties of 100% to 200% on imports ranging from footwear to ceramics, reviving a plan to protect domestic industries, according to its trade minister. Continued …
Top ways to fail at getting a work permit in Thailand
Obtaining a work permit in Thailand is a complex process due to its strict regulations and substantial penalties for violations. Potential issues can vary from misplacing or modifying your work permit without prior notification to the designated authorities to not correctly updating personal detail changes. These errors can unintentionally endanger your work status.
A slight alteration to your personal information can potentially place you in legal difficulty if it is not communicated accurately to the Employment Service. Furthermore, not returning your work permit within seven days after your job resignation can have serious implications. Continued …
Thailand health insurance solutions for long-term visitors
Health insurance is vital for long-term visitors in Thailand, since foreigners typically do not qualify for Thailand’s public health insurance schemes available to locals. Expats and digital nomads should secure private health insurance for access to private healthcare facilities.
For long-term visitors, especially those who do not speak Thai, access to the country’s private healthcare sector is more than just a quality issue. In addition to providing better services and being more well-equipped, private facilities are more likely to have English-speaking staff to cater specifically for tourist’s and expats’ needs. Continued …
Banks deny they helped Myanmar junta buy weapons
The Thai Bankers’ Assn. (TBA) said on Friday that it stood firmly against facilitating transactions for the procurement of weapons for Myanmar’s military junta.
Thai banks also treat as important preventing their services from being exploited to support the procurement of any weapons to be used to breach people’s rights, it said in a statement. Continued …
Siam Commercial Bank Clarifies Financial Transactions Related to Myanmar
Siam Commercial Bank released a statement on Friday to clarify financial transactions related to Myanmar after Tom Andrews, the U. special rapporteur on the situation of human rights in Myanmar, said in a report issued Wednesday that Thai banks have become the main supplier of international financial services for Myanmar’s military government.
“Siam Commercial Bank (SCB) would like to clarify the situation regarding financial transactions between Thailand and Myanmar. SCB currently provides international transaction services with the primary objective of supporting Thai and international businesses in paying for consumer products and services to Myanmar. These services adhere to laws and prioritize compliance with anti-money laundering regulations. Continued …
Beware of currency storms
The health of Asian currencies has been making headlines lately. The Japanese yen has depreciated to the lowest in 38 years at 160 to the dollar, leading to reports that the Bank of Japan is signaling moves to reduce liquidity and possibly continue raising interest rates to control inflation and stop the depreciation.
Other Asian currencies also weakened sharply as the dollar has strengthened. The Philippine peso, Korean won and Indian rupee are near historic lows, while the central banks of India, Vietnam and Indonesia have been intervening in the foreign exchange market to support their currencies. Continued …
Thailand urged to do more to help singles find love, boost falling birth rates
The increase in those choosing to remain single is a global phenomenon. In Thailand, a recent survey indicates that more and more people are opting for the single life.
They say being single enables them to be more focused on their personal growth and goals and gives them greater opportunities to become more independent and leave traditional norms behind. Continued …
Cyber police apprehended two online football betting and gambling websites, seizing assets worth over 40 million baht and arresting 10 suspects, with memberships exceeding 12,000 individuals and a cash flow nearing 100 million baht.
The investigation focused on individuals facilitating online gambling, including football betting and other types of Internet-based gambling. The first network had enough evidence to issue arrest warrants for 13 individuals, including one manager, two financial officers, and 10 employees. This network boasted over 4,000 users and had a monthly cash flow of more than 80 million baht. Continued …
The tragic elderly elephant forced to work for 60 years
Pai Lin, 75, has endured more agonizing pain and abuse in her long life than it is possible to fathom. For decades, she was used as a working elephant, probably in the commercial logging industry before it was banned in 1989.
After logging was banned, this tortured, tragic animal was likely used to haul as many as six tourists at a time on her back in a heavy wooden seat that would have ground relentlessly into her body. Continued …
Email link: sivanavillas@gmail.com
Madagascar lemurs, tortoises seized in Thai bust reveal reach of wildlife trafficking
In May, authorities in southern Thailand arrested six people for illegally transporting 48 lemurs and more than 1,200 critically endangered tortoises, all of which had reportedly been obtained from the wild in Madagascar.
The seizure is the latest in a string of illegal wildlife trade busts in Thailand. Red pandas, monitor lizards, snakes and parrots have been uncovered in similar incidents in the country in recent months, for instance. However, the recent seizure of so many critically endangered animals from Madagascar has alarmed experts, who say the latest bust underscores the global reach of wildlife trafficking networks using Thailand as a transshipment hub for illegally sourced wild animals and plants. Continued …
Immigration Police Arrest Japanese National For Overstay – Continued …
Vietnamese Men Arrested for Assaulting Business Partner in Broad Daylight – Continued …
Chiang Mai authorities arrest two South Korean tour guides for overstay – Continued …
13 members of Chinese call-scam gang arrested in Chiang Mai – Continued …
Thai fruit the sweet spot for exports, May sales soar 128% over April
Thailand’s fruit exports in May soared 128% month on month to US$1.4 billion, the Trade Policy and Strategy Office (TPSO) reported on Friday, predicting that the trend would continue for several months.
Total exports in May were valued at $26.21 billion, increasing 7.2% over the previous month and was the highest in 14 months, with main contributions coming from agricultural products, TPSO Director-general Poonpong Naiyanapakorn said. Continued …
Thai canned tuna is the world leader with export volumes surging by 19%
Thailand exported 221,092 tons of canned tuna during the first five months of 2024, an increase of 19.4% compared to the same period last year. The exports were valued at $978.56 million, a growth of 13.4%.
In 2023, Thailand exported 445,000 tons of canned tuna, down 13.4% year on year, valued at $2,087.30 million, down 9.3% YoY. Continued …
CP warns of farm water threats
Thailand’s agricultural sector is particularly exposed to climate risks caused by drought and floods, posing a threat to water and food security, according to Charoen Pokphand (CP) Group, Thailand’s largest conglomerate.
Dhanin Chearavanont, the senior chairman of CP Group, said the development of water resources for the agricultural sector is crucial, as drought and floods remain a major concern for the sector. Continued …
Medlab Asia and Asia Health 2024 st for Bangkok July 10-12
Medlab Asia and Asia Health 2024 is set to welcome healthcare leaders and professionals to a melting pot of the latest products, technology, and innovations in medical laboratories and medical devices. Held in Thailand, the event is set to take place at the Queen Sirikit National Convention Center from July 10 -12 and will also host one of the largest international medical conferences in Asia.
Medlab Asia and Asia Health provide a platform for entrepreneurs to forge business networks and seize opportunities amid the challenges of the medical sector in Thailand and the broader Asian region. Continued …
Second Trump Presidency threatens further damage to the baht, the economy and Thai money markets
Former U.S. President Donald Trump took a big step forward on Thursday night in Atlanta, Georgia. In short, all of a sudden, the prospect of another unpredictable Trump presidency has come closer.
Undoubtedly, this poses challenges for Thailand’s economy, which has been ripped apart by the collapse in the global economic system Trump initiated in his first term. Certainly, already in the aftermath of the first debate, there are concerns about a stronger dollar and rising capital flight from Thailand. Continued …
Thailand expected to see a significant increase in tourists
Thailand is preparing for a significant increase in tourists, with expectations of record visitor numbers from Malaysia, India, South Korea, and Russia in 2024. This is due to the strong support from the government and the country’s positive global image.
The Association of Thai Travel Agents (ATTA) predicts that arrivals from Malaysia will rise to 5 million this year, topping the previous record of 4.27 million in 2019. According to ATTA President Sisdivachr Cheewarattanaporn, the organization anticipates welcoming 2 million visitors each from India and South Korea. This is higher than their 2019 figures of 1.96 million and 1.88 million visitors, respectively. Russian tourist numbers are also predicted to reach 1.8 million, surpassing the1.74 million that visited in 2023. Continued …
Tourism confidence low amid sluggish economy
The tourism confidence index remained below the benchmark in the second quarter, hampered by stagnant economic growth, though it improved from last year, according to the Tourism Council of Thailand (TCT).
The index for the second quarter was 79, lower than the benchmark of 100 recorded before the pandemic. Although the index fell from 81 in the previous quarter, it improved from 72 in the same period last year. Continued …
Chiang Mai, Hat Yai, Phuket most popular air travel destinations in Q1
The three most popular flight destinations in Thailand during January to March this year were Chiang Mai, Hat Yai (Songkhla province), and Phuket, the Civil Aviation Authority of Thailand (CAAT) said on Friday.
The authority said the flights from Bangkok to Chiang Mai, the northern tourist city, had three operators: Nok Air, Thai AirAsia, and Thai Lion Air, who offered a maximum of 10, 13, and 5 flights per day, respectively. Continued …
AirAsia boosts China tourism with new Beijing-Bangkok flight route
AirAsia unveiled a direct flight route from Beijing Daxing International Airport to Bangkok Don Mueang International Airport yesterday, with the strategic objective of further solidifying its position as a premier foreign airline in the Chinese market.
Scheduled to commence operations on July 1 with a daily flight service, this new route will grant passengers increased access to AirAsia’s extensive route network, enabling them to explore popular destinations such as Chiang Mai, Chiang Rai, Nakhon Si Thammarat, Phuket, Hat Yai, and Krabi, as confirmed by AirAsia. Continued …
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July 2024’s Festivals and Events in Thailand
Thailand is organizing the “Celebrations on the Auspicious Occasion of His Majesty the King’s 6th Cycle Birthday Anniversary 28th July 2024″ throughout this year. For this month, special cultural performances are scheduled to take place at Sanam Luang in Bangkok.
This month also sees two of the most important Buddhist dates observed, this being Asanha Bucha Day and Khao Phansa Day. In addition, there are numerous events and festivals happening around Thailand – including the Bun Luang and Phi Ta Khon Festival 2024 in Loei, the ‘Vijitr’ lighting extravaganza in Ubon Ratchathani and Chon Buri, and the Amazing Beach Life Festival in Rayong, to name a few. Continued …
Things You Absolutely Need To Know Before Visiting Thailand During The Rainy Season
The rainy or monsoon season in Thailand can either be a blessing or a curse for those wanting to visit the country. Flights and accommodation might be cheaper this time around but, well, it’s raining, which might make some think that they won’t be able to explore the country.
If you’re trying to decide whether or not it’s worth it to visit the Land of Smiles during this season and you want to know the pros and cons, here are some FAQs about the rainy season in Thailand that might help you. Continued …
How to Have the Best Three-Day Visit to Bangkok
Bangkok is impressive in terms of numbers. Thailand’s fiery, colorful capital comprises just over 600 square miles, has a population north of 10 million, and, in high season 2023, welcomed roughly 2 million visitors … per month.
No matter what stokes your wanderlust –– be it the street food or the fashion designers, the neon of Chinatown, or the bygone appeal of the ramshackle river homes –– Bangkok remains one of the world’s most exciting capitals to visit. Continued …
Exploring Bangkok’s Old City and Yaowarat is super easy with MRT Blue Line
If you are in Bangkok and wish to explore the Old City or Rattanakosin neighbourhood and the bustling Yaowarat Road – Chinatown’s high street – the most convenient way to enjoy your walking tour is to take the MRT Blue Line and get off at Wat Mangkon, Sam Yot, Sanam Chai or Itsaraphap MRT stations. They run in this order from the Hua Lamphong MRT Station.
Between them, the four stations provide an easy and convenient way to go from attraction to attraction, doing away with the need to tackle traffic conditions and having to travel by taxi, tuk-tuk or motorbike taxi. All in all, it makes for a more enjoyable time spent visiting the wonderful sites of the Old City and Chinatown. Continued …
The Revenue Department is studying the feasibility of amending the Revenue Code to align with the principle of worldwide income.
The proposed amendment may require individuals who reside in Thailand for at least 180 days, whether continuously or not, to pay taxes on income earned abroad, even if the income is not brought into the country. Continued …
Heavy rain and flash flood warnings issued across Thailand
The Thai Meteorological Department (TMD) has issued a warning for heavy rain across all regions of Thailand, cautioning residents to beware of flash floods and overflowing rivers. The Andaman Sea and the Gulf of Thailand are expected to see high waves.
The forecast for the next 24 hours indicates that a monsoon trough will pass through the northern and upper northeastern regions. Meanwhile, the relatively strong southwest monsoon covering the Andaman Sea, the southern region, and the Gulf of Thailand is beginning to weaken. Continued …
Email link – kenbrown@businessclassasia.com
Top 10 international schools in Thailand
Thanks to its large global population, Thailand is home to a significant number of international schools. These schools offer a range of world-class curricula, such as the International Baccalaureate (IB), British, American, and Singapore curriculum, which attracts both expatriate families and local residents looking for top-tier education for their children.
However, the abundance of options means choosing the right school can be overwhelming. So, if you’re leaning toward an international school in Thailand, we’ve compiled a list of the top 10 schools to simplify your decision-making process. Continued …
Thailand reduces school hours in major curriculum overhaul
Thailand’s Ministry of Education has announced an ambitious overhaul of the national curriculum, aiming to reduce school hours and incorporate more practical and tech-based learning.
The Office of the Basic Education Commission (OBEC) is leading this initiative. Thanu Wongjinda, OBEC secretary-general, disclosed that the plan necessitates a panel’s establishment to review the curriculum, last updated in 2008. This step aims to modernize the educational framework to meet global standards. Continued …
Strong Thai Public Support For Cannabis Reclassification
Public Health Minister Somsak Thepsuthin has opened discussions about the potential reclassification of cannabis as a type 5 narcotic, following a public consultation period from June 11-25.
This consultation saw around 100,000 participants, with over 80% reportedly supporting reclassification, according to Thepsuthin. During a press conference yesterday, Thepsuthin addressed widespread public and industry concerns. Continued …
Thailand destroys over 20 tons of narcotics on anti-drug day
Thailand burned more than 20 tons of confiscated narcotic drugs worth 6.45 billion baht (about US$175 million) on Wednesday to mark the International Day Against Drug Abuse and Illicit Trafficking, authorities said.
The destroyed illicit drugs, seized from 41,800 cases and primarily consisting of methamphetamine, were part of the country’s comprehensive strategy, encompassing prevention, suppression and rehabilitation measures, said Public Health Minister Somsak Thepsutin. Continued …
Bank of Thailand Forecasts Modest Growth for Remainder of 2024
The Bank of Thailand anticipates slower economic growth in the upcoming third and fourth quarters, attributing this to a high base effect. According to Piti Disyatat, secretary of the central bank’s Monetary Policy Committee (MPC), second-quarter GDP is expected to grow by 1% from the previous quarter, a decline from the 1.5% growth observed in the first quarter. These projections were shared during a monetary policy forum held yesterday.
The central bank now estimates the growth rate for the third and fourth quarters to be between 0.6% and 0.7% per quarter due to the high base effect. Despite this deceleration, economic activities are predicted to increase, driven by improved domestic demand, a recovery in tourism, and accelerated government budget disbursement. Continued …
Factories closing as cheap imports flood Thailand
Many local factories producing electronics, steel and plastics have shuttered this year as purchase orders shrink and cheap imports flood the Thai market, says the Industry Ministry. The shutdowns were ranked based on the investment value of the factories.
“The closed electronic parts and printed circuit board factories had the highest investment value of 2.29 billion baht,” said Industry Minister Pimphattra Wichaikul. Continued …
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Digital Wallet Scheme Delayed Over Detail Shortage
The House Budget Scrutiny Committee has decided to place the 152.7-billion-baht budget for the government’s digital wallet scheme on hold, citing insufficient details about the project.
Takorn Tantasith, a Thai Sang Thai party-list MP and a member of the committee, revealed that the committee demanded comprehensive details from the Office of the Permanent Secretary of Finance before they could approve the funding. Continued …
Ministry vows more stimulus on the way
Deputy Finance Minister Julapun Amornvivat says other stimulus measures will be introduced this year in addition to the digital wallet handout. He said the government is considering other measures on top of the digital wallet scheme, which is scheduled to start in the fourth quarter.
More information about the new measures may be presented at the next economic cabinet meeting scheduled for next week, said Julapun. Continued …
Phenix Project Launched to Boost Global Food Wholesale Hub Ambitions
Prime Minister Srettha Thavisin has officially launched the Phenix project, an ambitious initiative designed to establish Thailand as a global food wholesale hub.
The project, supported by Thailand’s leading real estate group, Asset World Corp. (AWC), aims to attract global food industry professionals and promote Thai cuisine on the international stage. Continued …
Food delivery players lose 20.7 billion baht
Thailand’s online food delivery sector is becoming more sustainable with fewer players, according to an industry observer. Over the past three years, the industry’s major players have racked up combined losses of 20.7 billion baht from 110 billion baht in revenue.
Pawoot Pongvitayapanu, an e-commerce founder, said the industry would be more stable and sustainable as existing players find new growth engines, such as advertising enterprises. Continued …
Investment in Phuket real estate continues to surge
Conflicts and geopolitical issues in several parts of the world are prompting many people from the Western Hemisphere to turn their attention to the East, both in terms of investment and purchasing homes.
Phuket, long a coveted destination for foreigners seeking a second home, has seen a continuous increase in demand. The sales of real estate and resorts in Phuket have doubled, from 1,500 units sold in 2022 to over 3,000 units in 2023, and the growth shows no signs of stopping. Continued …
Google inks cloud partnership in Thailand with Gulf
Google Asia Pacifi and Gulf Energy Development have teamed up to conduct cloud operations in Thailand in a strategic partnership that could open doors to future cooperation in cybersecurity and artificial intelligence (AI).
Gulf on Tuesday notified the Stock Exchange of Thailand that its wholly owned subsidiary Gulf Edge Co. had entered into a partnership with Google to operate Google Distributed Cloud (GDC) air-gapped configuration as a managed GDC provider (MGP) for organizations in Thailand. Continued …
Motorbike sales fall as banks cut back on lending
Thailand’s motorcycle manufacturing and sales are declining this year as the economy falters, attributed to high household debt and weak consumer purchasing power, says the Federation of Thai Industries (FTI).
People are cautious about spending because of uncertainty about the sluggish economy, while several companies recently decided to lay off a total of 10,000 workers to control operating costs, said Surapong Paisitpatanapong, vice chairman of the FTI and spokesman for the federation’s Automotive Industry Club. Continued …
Thailand Targets 2.4 Million Indian Tourists with Visa-Free Policy
The Tourism Authority of Thailand (TAT) has revised its target for Indian tourist arrivals from 2.3 to 2.4 million this year, spurred by the recently introduced visa-free policy for Indian nationals. This visa waiver program, which permits 60-day visa-free stays, applies to citizens of 93 countries and will remain effective until November 2024.
TAT Gov. Thapanee Kiatphaibool stated that Indian arrivals are anticipated to exceed 1 million by the end of this month, almost reaching half of the initial target of 2.08 million for the year. The revised target aims to contribute to the government’s goal of attracting 36.7 million tourists and generating 3.5 trillion baht in revenue in 2023. Continued …
Samui Task Force Cracks Down on 52 Foreign Villas with Hidden Rentals
The task force addressing state land encroachment on Samui Island is preparing to prosecute the owners of 52 villas for violating three laws: the Hotel Act, the Environmental Act, and the Building Control Act.
The Internal Security Operations Command Region 4 received complaints about construction on steep terrain in Koh Samui, Surat Thani Province, violating environmental and building control laws. Some properties were also operating as unlicensed hotels. Continued …
Lalisa showcases Bangkok’s Chinatown in latest music video
Thailand’s very own K-pop princess, Lalisa “Lisa” Manoban of the Blackpink girl group, took the internet by storm on Wednesday when she released a 10-second teaser of her latest song, “Rockstar”.
The teaser of the song, scheduled for official release on Friday, showcases several spots in Bangkok’s Chinatown in the evening, including Yaowarat Road, the New World Banglamphu shopping mall and a tattoo parlor. Continued and video …
Ubon Ratchathani stages Candle Festival
To mark Khao Phansa Day, the beginning of Buddhist Lent, the northeastern town of Ubon Ratchathani invites Buddhist pilgrims and tourists to take part in its annual Candle Festival featuring unique religious rituals and cultural activities throughout July.
From July 1-18, visitors are welcome to observe and learn how to carve and decorate wax candles using traditional techniques, as skilful artisans gather in their communities. There will be artworks depicting Lord Buddha’s life, mythical Himmapan creatures and the Ramakien epic. Continued …
Myanmar’s middle class shrinks by 50% as 42 million face poverty
Myanmar’s middle class has shrunk by 50% over the past three years, while 42 million people are now facing poverty and hardship, according to a report released by the United Nations Development Program (UNDP) on June 24. Continued …
Free event in Hua Hin to address major changes in Thai tax legislation
Business Class Asia is hosting a free event to discuss the most significant changes to Thai tax legislation in decades and their implications for onshore and offshore tax planning.
The event, titled “Income Tax & Estate Planning Briefing for Globally Mobile/Focused Thai Residents,” will be held on June 21 at 6pm at the Centara Grand Beach Resort & Villas Hua Hin. Continued …
Watch rare birth of twin elephant calves in Thailand
A 36-year-old elephant gave birth to twins at a zoo in central Thailand in a rare surprise for caretakers and the mother herself.
Caretakers only planned on Chamchuri giving birth to one calf on June 7 at the Ayutthaya Elephant Palace and Royal Kraal, about 50 miles north of Bangkok, according to BBC. As the team cleaned the boy calf and helped stand him on his knees, Chamchuri’s surprise arrived: a girl. Continued …
7th annual food festival opens in Ao Prachuap
The 7th Local Food and Traditional Sweets Festival officially kicked off Friday evening at the seaside road area of Ao Prachuap. Komgrit Charoenpattanasombat, deputy governor of Prachuap Khiri Khan Province, presided over the opening ceremony, marking the beginning of the 10-day event.
Kamon Kaewteth, mayor of Prachuap Khiri Khan city, highlighted the event’s objectives, emphasizing the importance of introducing both Thai and international tourists to the region’s renowned foods and traditional sweets. Continued …
Explosion strikes annual rocket festival in Roi Et: 30 injured
Yesterday, a tragic incident marred the annual Rocket Festival at Ban Sang Bu Temple in Roi Et Province. The normally joyous event, which attracts numerous locals and visitors to Phon Sai Sawang subdistrict, Phon Thong District, ended in disaster when a rocket explosion caused significant injuries among the attendees.
This year, participants eagerly gathered to witness the launch of 370,000 rockets — a tradition aimed at celebrating local culture and bringing luck to the community. However, as the event proceeded, one of the rockets malfunctioned as it was being launched, resulting in a powerful explosion at the rocket launcher base. Continued …
PM Tests Positive for Covid-19
Prime Minister Srettha Thavisin has tested positive for Covid-19 and is advised to rest until Wednesday. The prime minister’s office confirmed the diagnosis late last night, revealing that Srettha has been feeling unwell since Friday.
According to Chai Watcharong, the spokesperson for the prime minister’s office, Srettha consulted a doctor who confirmed the Covid-19 infection. The physician has recommended he rest and isolate to prevent further spread of the virus. Continued …
New highly-transmissible Covid strain will elude vaccines: expert
The KP.2 strain of Covid-19 will become dominant in Thailand, according to a renowned virologist. It will be more transmissible and vaccines will be hard-pressed to keep up with its mutations, but its symptoms will not be more severe than those of previous strains of the virus.
Prof. Yong Poovorawan at the Center of Excellence in Clinical Virology at Chulalongkorn University posted online Saturday that the KP.2 strain was spreading and replacing JN.1 as the dominant strain in the country. JN.1 has been common in the country since late last year, he wrote. Continued …
Thailand Poised to Make History with Marriage Equality Bill
Thailand is on the verge of a milestone with the impending approval of the Marriage Equality Bill. This legislation, which is set for its final round of Senate voting later this month, has the potential to make Thailand the first country in Southeast Asia to recognize and uphold marriage equality.
Prime Minister Srettha Thavisin has long championed the cause, promising that Thailand would become a safe haven for the LGBTQ+ community. The bill seeks to amend the existing marriage laws, ensuring that same-sex couples enjoy the same rights and protections as heterosexual couples. Continued …
Missing contraband diesel vessels found near Malaysian waters
Three vessels carrying 330,000 liters of contraband diesel that vanished from a police pier in Chon Buri have been located near Malaysian waters, police confirmed.
Police Major Gen. Charoonkiat Pankaew, deputy commissioner of the Central Investigation Bureau, announced that the three boats disappeared from the marine police pier in Sattahip district of Chon Buri last week. After traveling through Cambodian and Vietnamese waters, they were found off southern Thailand. Continued …
Professor warns against reclassifying cannabis as illegal narcotic
Professor Panthep Puapongphan, dean of the College of Oriental Medicine at Rangsit University, voiced concerns regarding efforts to reclassify cannabis as an illegal narcotic. He says that such a move could worsen drug-related issues rather than improve them.
Panthep stressed that cannabis has played a significant role in helping individuals quit more harmful substances like methamphetamine and heroin. He argued that data comparing post-decriminalization periods with the lockdown year of 2021 is misleading, as fluctuations in psychiatric cases were more likely due to the Covid-19 pandemic rather than cannabis use. Continued …
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Russian Man Arrested in Phuket Over 50 Stolen Coral Rocks – Continued …
Filipina Woman Overstays in Thailand for Over 4 Years – Continued …
Economist warns of further industry closures
More businesses in the automobile, electrical appliances, and electronics industries are under threat of closure because they are not moving quickly enough to adapt to digital technology and global trends, an economic expert from the University of the Thai Chamber of Commerce said.
His remarks are consistent with those of the Federation of Thai Industries (FTI), which warned that more factories in Thailand could close this year due to the upcoming implementation of a standard 400 baht minimum wage nationwide by Oct. 1. Continued …
Even with digital wallet, S&P affirms stable outlook
S&P Global Ratings says it plans to maintain its stable outlook for Thailand’s sovereign ratings even if the country implements the digital wallet scheme. The rating agency advised the Thai government to balance social spending with fiscal prudence.
The proposed digital wallet handout will benefit certain segments of the population and increase domestic consumption, Kim Eng Tan, managing director of sovereign ratings for Asia-Pacific at S&P Global Ratings, said at a seminar in Bangkok. Continued …
BOI Approves Investment Worth USD1.54 billion in Biochemicals, Data Centers, Hospital
The Thailand Board of Investment (BOI) has approved the investment-promotion applications of eight large projects worth a combined 56.95 billion baht (USD1.54 billion), including a bio-ethylene plant project by the local joint venture of Brazil’s Braskem, as well as data centers, power plants, and a major new hospital.
The meeting, which was chaired by Pichai Chunhavajira, deputy prime minister, minister of finance, and chairman of the BOI, also approved the introduction of a new investment promotion category covering service centers for the repair, repack, and reuse of used electric vehicle (EV) batteries and energy storage systems, that further complements the BOI’s comprehensive EV supply chain policy and incentives. Continued …
Addressing the employee skills gap
Recent decisions by two Japanese automakers to close their plants in Thailand affect the country’s standing as a leading global car producer, once dubbed the “Detroit of Asia”.
The announcements by Subaru and Suzuki Motor Corp. to cease operations at their car-assembly facilities by the end of 2024 and 2025, respectively, follows the closure of 1,600-1,700 factories in several industries, as reported by the Federation of Thai Industries (FTI). Continued …
Is MGM China thinking of investing in Thailand casinos?
Pansy Ho, the chairperson and executive director of MGM China Holdings, has held a meeting with the governor of the Tourism Authority of Thailand (TAT), Thapanee Kiatphaibool, and expressed interest in investing in the kingdom, according to a media report.
The report said TAT would hold further talks with the Macao casino operator over “possible collaboration” in the development of “new tourism-related products.” Continued …
Is Thailand facing an over-tourism crisis ?
Thailand is indeed experiencing an over-tourism crisis. The situation has escalated to the point where popular destinations like Maya Bay and cities such as Pattaya and Phuket are facing environmental degradation and infrastructure strain due to the overwhelming number of visitors.
The concept of “over-tourism” has resurfaced with the global resurgence in tourism. But already back in 2019, concerns about excessive tourism growth were so pronounced that the UN World Tourism Organization advocated for responsible management of such growth to maximize the opportunities it can create for communities worldwide. Continued …
Food tourism high on Thailand’s soft power list
From jasmine rice to Pad Thai noodles and spicy tom yum soups, Thailand is renowned for its robust agricultural and food products, making it a major exporter worldwide.
The Tourism Authority of Thailand (TAT) estimates 20%-25% of tourism expenditures are for food, particularly Thai dishes, during trips to the nation. Continued …
Highlights from Bangkok’s Thailand Wellness Asia Summit 2024
Thailand, with its successful hosting of the third annual Thailand Wellness Asia Summit (TWAS) event in 2024, is paving the way for Asia to become the wellness hub of the world.
The event kicked off with a grand opening ceremony at the Intercontinental Hotel, Bangkok. Held June 11-14, the event is one of Southeast Asia’s largest gatherings on wellness, witnessing participation from over 30 countries with over 1,000 attendees. Continued …
Germany’s FTI Losses Exceed 111M Baht in Thailand
The collapse of the third-largest tour operator in Europe, FTI, has started to affect thousands of tourists and hundreds of hotels in Thailand, leading to losses of 111 million baht.
Germany-based FTI Group filed for insolvency in the Munich regional court earlier this month, affecting a number of holidaymakers in Thailand this week as they are scheduled to check out. Continued …
Lesser-Known Thai City Destined To Become Digital Nomad Hotspot
Digital nomads are always on the hunt for the next best place to call home – even if that’s only for 30 days, a few months, or multiple years. There may be no better dream destination than Thailand. This fascinating country is cheap, exotic, cultural, and simply unparalleled to any other nation.
We all know Bangkok is, at the very least, one of the better gateways to dip your toes into digital nomadism, but there is so much more than meets the eye to Thailand than this bustling concrete jungle. Continued …
Chumphon Tour Bus Crash Leaves Two Dead, Many Injured
A tour bus and a truck carrying rubber wood logs collided yesterday, resulting in two fatalities and multiple injuries. The collision took place in Chumphon province.
Police Lt. Col. Somboon Phumkajorn of Tha Sae Police Station reported the incident happened at 10.30 pm. The tour bus, operated by Sombat Tour traveling from Bangkok to Ranong, collided with a Hino truck at a u-turn on Phetkasem Road, near the Khao Phang Highway Police Station in Tha Kham subdistrict, Tha Sae district, Chumphon province. Continued …
Russian Tourist Drowns Ignoring Warnings at Surin Beach, Phuket
A Russian man drowned yesterday after swimming in rough seas at Surin Beach in Phuket, defying a red flag warning signaling dangerous conditions.
The incident unfolded around 3 pm when 64-year-old Aleksei Apostolov entered the water alone, despite visible warnings of strong waves. Thai lifeguards, keeping a vigilant eye on the situation, acted promptly, pulling him from the turbulent waters and immediately initiating CPR. Continued …
154 Tons of Water Delivered to Drought-Hit Koh Larn
The Royal Thai Navy (RTN) vessel HTMS Ravi delivered approximately 154 tons (approximately 154,000 liters) of fresh water to residents of Koh Larn in Pattaya, addressing an ongoing drought.
This significant delivery occurred yesterday, prompted by Koh Larn’s struggle with water shortages exacerbated by dry weather and a surge in tourist numbers. Continued …
Songkhla touts its MICE tourism potential
Songkhla’s administration is partnering up with businesses in the tourism sector to promote the province as a MICE (meetings, incentives, conferences and exhibitions) destination to Malaysians.
The chairman of hotel operators’ association in Songkhla’s Hat Yai district, Sitthipong Sitthipatprapa, said the province is well-equipped to handle MICE events in addition to conventional tourism, as it has a wide range of venues that could cater to such activities. Continued …
Chinese outbound travel recovery lags due to costs, visa snags
A recovery in Chinese overseas travel from the Covid-19 pandemic is fading as rising costs and difficulties in securing visas cement a preference for local and short-haul destinations.
The delay in a revival to pre-Covid levels by China’s outbound travelers, the world’s top spenders on international tourism and airlines, is hitting travel-related companies, hotels and retailers globally. Continued …
These Common Money Practices Can Be Offensive In Thailand
In the United States, handling money is a very mundane, laissez-faire thing — there are no particular rules that delineate how you’re supposed to hold, give, or respect those precious dollar bills. When Americans travel abroad, they might bring along cultural practices that are second nature.
However, some of these seemingly innocuous actions can actually be deeply offensive in other cultures. If you’re headed for Thailand, a bucket list country where the U.S. dollar is strong, do beware. In the “Land of Smiles,” a country with a rich cultural heritage and deep-seated traditions, the way you treat the local currency — the Thai baht — can significantly impact how you are perceived. Continued …
Suggested destinations to visit during rainy season in Thailand
This year, Thailand’s rainy season officially started on May 20 and will conclude in mid-October. This is the perfect time to explore nature, as it is the season when forests become greener, the weather is cooler, flowers are fully blooming, and the waterfalls are full of water.
Here is a list of recommended destinations to visit if you’re traveling around Thailand during the rainy season: Continued …
Hua Hin Among 10 Most Affordable Beach Destinations/Covid infections rise/New Prostate Treatment/Fire at Chatuchak Market/Emulsifiers in processed food/Hole in the heart/Economy: Thai spending during UEFA Euro 2024/Restaurateurs likely to be hit/Chicken vendors ‘squawk’/Wages based on skills/Government to set new growth target/Thailand’s e-commerce market/Global Minimum Tax Bill/Semiconductor industry vital/Progress on EEC infrastructure/Tourism: Deals with 11 airlines/Tourism firms seek initiatives/International news/Climate Thailand: Today’s Thai environmental news/Links: 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
Hua Hin Among 10 Most Affordable Beach Destinations To Live In
Many dream of waking up to the soothing sound of crashing waves, but with inflation and real estate prices driving up the cost of living, few can afford to move to a beach town. However, this doesn’t mean you have to abandon your fantasy, as plenty of beach destinations across the globe offer affordable housing and good-value living.
And while the cost of living also largely depends on your spending habits, the beach towns we’ve highlighted guarantee your money will stretch much further without sacrificing the little pleasures like eating out, enjoying cultural activities and events, and taking advantage of everything the destination has to offer. Continued …
Covid infections rise
The number of Covid-19 patients being admitted to hospitals in Thailand has risen to 2,762 between June 2 and 8, or an average of 395 patients daily. This figure is an increase from the previous week, which saw 1,863 cases, as reported by the COVID-19 Information Center.
The nation also reported five deaths during that week, taking the total death toll for the year to 137. Continued …
Bumrungrad Offers New Prostate Treatment in Thailand
As the population ages, the prevalence of Benign Prostatic Hyperplasia (BPH) — commonly known as an enlarged prostate — has increased significantly. Over 50% of men over 60 and 80% of those over 70 experience BPH, suffering from symptoms like weak urine flow, straining to urinate, and frequent nighttime bathroom trips.
The Urology Center at Bumrungrad International Hospital has successfully treated 276 BPH patients through water vapor therapy — which is roughly 30% of all BPH cases in Thailand. The center is recognized by Boston Scientific (USA) as the first “Center of Excellence” in Asia for steam treatment of BPH. The center has treated more than 4,000 patients through non-surgical methods and more than 500 patients through various surgical techniques. Continued …
Fire at Chatuchak Market destroys 118 shops, kills 1,000 animals
A devastating fire broke out in the pet section of Chatuchak Market early this morning, destroying 118 shops and resulting in the deaths of approximately 1,000 animals. The fire, which started at around 4.3 0am, left employees scrambling for safety as thick smoke filled the area.
The fire occurred at the Sri Somrat Market area, a hub for pet and exotic fish shops. Despite the rapid response, the fire spread quickly, consuming all 118 shops in the vicinity. Continued …
Emulsifiers in processed food increase risk of diabetes
Many of the foods we enjoy daily, from ice cream and chocolate to bread and biscuits, contain emulsifiers. These food additives improve texture, taste, and shelf life, making processed foods more appealing and convenient.
However, recent research from France suggests that these ubiquitous ingredients may come with a hidden cost: an increased risk of type 2 diabetes. Continued …
25% of the human population has a hole in the heart
Imagine if you had a hole in your heart and didn’t even know it. Surprisingly, this is the reality for 25% of the population. This condition, known as patent foramen ovale (PFO), usually causes no symptoms and is often harmless.
However, in some cases, it can lead to serious health problems. Here, we explore what PFO is, why it matters, and what can be done about it. Continued …
Thais to spend 87 billion baht during UEFA Euro 2024
The University of the Thai Chamber of Commerce (UTCC) predicts Thai football fanatics will spend some 87.62 billion baht during the UEFA Euro 2024 championship, and most of it will be spent on betting.
The month-long championship kicks off on Saturday and will be broadcast live on PPTV and several TrueVisions channels. Continued …
Restaurateurs likely to be hit by global, local economic woes
The global economic downturn and Thailand’s sluggish economy are likely to have a significant impact on the local restaurant segment, even with the visa-free scheme attracting more visitors.
“The lukewarm global and Thai economies will affect Thai customers’ spending behavior, as people are more careful with their spending,” said Thaniwan Kulmongkol, president of the Thai Restaurant Assn. Continued …
Chicken vendors ‘squawk’ over soaring prices in south Thailand
Vendors in Nakhon Si Thammarat raised concerns about the sudden surge in chicken prices, questioning the silence and inaction of the Ministry of Commerce. The price hike has led to a ripple effect, impacting various sectors and consumers alike and mirrors a trend of rising prices nationwide.
The recent spike in prices of fresh food products and raw materials has significantly affected restaurant operators, from small vendors to large businesses. Notably, the price of fresh vegetables, such as fresh bird’s eye chillies, has surged, directly affecting the production cost of curry paste, a staple in southern Thai cuisine. Continued …
Group urges wages based on skills
The Labor Ministry is being asked to consider replacing the proposed 400-baht daily minimum wage policy with a wage increase based on workers’ skills, says the Federation of Thai Industries (FTI).
The proposal for payment based on skills would be higher than 400 baht per day for certain skilled workers, said Isares Rattanadilok Na Phuket, vice chairman of the FTI. Continued …
Government to set new growth target, accelerate investment spending
The government will accelerate its investment spending and set a new target for economic growth this year, Finance Minister Pichai Chunhavajira said on Monday, as it seeks to kick start an economy that has lagged regional peers.
The government wants to see at least 70% of the investment budget disbursed within the current fiscal year ending September, Pichai said at a meeting of economic ministers to discuss stimulus measures. Continued …
Thailand’s e-commerce market is expected to grow by 13.7% in 2024
The Thailand e-commerce market is growing rapidly, with a projected surge of 13.7% in 2024. Factors driving this growth include increasing consumer preference for online shopping, strong internet penetration, and rising confidence in online payments.
GlobalData’s 2023 Financial Services Consumer Survey shows that over 92% of Thai consumers shopped online in the past six months, while only 4% never shopped online. Bank transfers are the most preferred tool for e-commerce purchases, accounting for 38.2% share in 2023. Continued …
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Thailand is working toward a Global Minimum Tax Bill
The Thai Finance Ministry is taking steps to develop a global minimum tax in order to bolster the country’s tax revenue. This initiative is part of a global effort to ensure that multinational corporations pay a fair share of taxes in the countries where they operate.
The concept of a global minimum tax aims to prevent companies from shifting profits to low-tax jurisdictions and encourages them to contribute to the tax base of the countries where they conduct business activities. Continued …
Semiconductor industry vital to future foreign investment
The government plans to establish a national semiconductor board to set investment and development strategies for this vital industry, Deputy Prime Minister and Finance Minister Pichai Chunhavajira said on Monday.
Speaking after the meeting of economic ministers chaired by Prime Minister Srettha Thavisin, Pichai said the setting up of the semiconductor board will help attract foreign investments and push Thailand’s economic expansion to meet the goal of 5% annually. Continued …
Email link – kenbrown@businessclassasia.com
Progress on infrastructure projects in EEC updated
The construction of the high-speed airport rail network and development of U-Tapao Airport are expected to begin in January next year, according to the Eastern Economic Corridor (EEC) board meeting on Monday.
The meeting on four infrastructure development progress at the Government House in Bangkok was chaired by Commerce Minister Phumtham Wechayachai. Continued …
Tourism authority seeks deals with 11 airlines
The Tourism Authority of Thailand (TAT) is seeking partnerships with at least 11 international airlines in an effort to bolster rising and mature markets in the second half this year.
With the long-haul market projected to generate at least 770 billion baht this year from 10.8 million foreign arrivals, Siripakorn Cheawsamoot, TAT deputy governor for Europe, Africa, the Middle East and the Americas, said the agency plans to reinforce potential markets by using airlines in those regions that operate flights to Thailand. Continued …
Tourism firms seek supply-side initiatives
The private sector has collectively called for attention to be paid to tourism’s supply side after the prime minister insisted on refraining from the collection of a 300-baht tourism fee from foreign tourists, which was meant to be used to set up a tourism development fund.
“The government’s performance over the past eight months would rate as 10 out of 10 for stimulating tourism demand, mainly attributed to visa policies. But for more critical problems related to Thai tourism, such as inferior supply development, we’re not able to give them any score as nothing has been done to help resolve the problem,” said Chamnan Srisawat, president of the Tourism Council of Thailand (TCT). Continued …
Missing woman found inside 16-foot python in Indonesia
Officials in Indonesia say a missing woman was swallowed by a 16-foot reticulated python, and video circulating online shows her body being cut out of the snake’s stomach. Continued …
Singapore Airlines offers compensation to turbulence victims
Singapore Airlines has sent offers of compensation to passengers on board a flight last month that encountered severe turbulence that led to dozens of injuries and one death, the carrier said on Tuesday. Continued …
Today’s news: Updates for foreigners to own land/Cardiac risks of energy drinks/Malaysia Asia’s Most Loved Country/Thailand Secures UEFA Euro broadcast/Removing Srettha from power?/A lottery for retirement?/Children in Thailand in severe child food poverty/Jurassic World 4/Thailand’s Cannabis Confusion/Economy: DSI Raids Foreign Nominee Companies/Headline inflation up 1.54%/700 Business Closures predicted/Wary on baht outlook/Ease housing loan measures/Agoda CEO sees potential for Thailand/Investments in Thai agro-business/The high purchasing power of singles/Tourism: Foreign tourist arrivals jump 38%/Thailand leads in Mekong region tourism/Thailand Experience: Global food photo contest/6 offbeat places in Thailand/Among world’s 50 best restaurants/International news/Climate Thailand: Today’s Thai environmental news/Links: 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
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Land Department updates criteria for foreigners to own land
Thailand’s Land Department has updated its criteria for allowing foreigners to own land in the country. The latest criteria were announced on the department’s website.
Inheritance: Foreigners who are the legal heirs of foreigners allowed to hold land, can inherit the land holding. The inheritance must comply with the land-holding law or criteria for land holdings by foreigners. Continued …
The hidden cardiac risks of energy drinks
Energy drinks have become a staple in the diets of many individuals, particularly among younger demographics. Promoted as a quick solution for boosting energy and enhancing performance, these beverages have captured a significant market share globally.
However, beneath the flashy marketing and promises of increased alertness, there lies a potential danger that has raised concerns among health professionals and researchers alike. This article delves into the intricate relationship between energy drinks and cardiac health, focusing on recent studies that highlight the risks associated with their consumption. Continued …
Malaysia Beats Thailand, Singapore as Asia’s Most Loved Country
Malaysia has topped the charts as the most beloved country in Asia, outshining regional rivals Singapore and Thailand, according to the latest rankings by American financial website Insider Monkey.
This accolade underscores Malaysia’s growing appeal on the international stage as a destination that encapsulates cultural diversity and unmatched hospitality. Continued …
Email link – kenbrown@businessclassasia.com
Thailand Secures Live Broadcast of UEFA Euro 2024
Thai football fans are in for a treat as it was announced they will be able to watch all matches of the UEFA Euro 2024 championship live from June 14 to July 14. A consortium of private companies has successfully secured the broadcast rights, ensuring fans won’t miss a second of the action.
Speaking at Government House, Prime Minister Srettha Thavisin expressed his gratitude toward the companies involved. He highlighted that this arrangement was entirely facilitated by the private sector, with the government not having to spend any taxpayer money. Continued …
What next if Constitutional Court removes Srettha from power?
Srettha Thavisin is the fifth prime minister to be tried by the Constitutional Court since it was established in October 1997 – two of his predecessors were found guilty and removed, while two others were spared.
The two premiers ousted by court rulings – Samak Sundaravej and Yingluck Shinawatra – were both considered proxies of ex-PM Thaksin Shinawatra, regarded as the patriarch of the ruling Pheu Thai Party. Continued …
A lottery for retirement?
With Thailand expecting its aging population to total more than 13 million this year, the Finance Ministry is considering launching a new lottery to encourage saving among elderly citizens and ensure that they will have stable finances after retirement.
Deputy Finance Minister Paopoom Rojanasakul said on Thursday that prizes for the retirement lottery will be drawn every week, while tickets that did not win will be accumulated as savings. Buyers can only withdraw this money when they reach 60 years of age. Continued …
1 in 10 children in Thailand live in severe child food poverty
Around one in 10 children under five years old in Thailand experience severe food poverty, which threatens their health and overall development, a new UNICEF report reveals.
The Child Food Poverty: Nutrition Deprivation in Early Childhood report is the first of its kind, analyzing the impacts and causes of dietary deprivation among the world’s youngest people in nearly 100 countries, and across income groups. It warns that millions of children under the age of five are unable to access and consume a nutritious and diverse diet to sustain optimal growth and development in early childhood and beyond. Continued …
Jurassic World 4, with $265 million budget, begins filming in Thailand next week
Filming is set to begin next week in the southern provinces of Trang, Krabi, and Phang-nga for the latest Jurassic Park movie. Jurassic World Four has a budget of $265 million and is set for release in 2025.
In particular, there is excitement about filming part of the movie on Sunset Beach on Ko Kradan. The beach, located in a national park in Trang province, has been voted two years in a row as the most beautiful in the world. Continued …
Thailand’s Cannabis Confusion Continues
In 2022, Thailand legalized cannabis, leading to widespread and often unregulated use of the drug. The legislation primarily intended to promote medical cannabis but also opened doors for various non-medical uses, sparking debates and causing dilemmas for the government and its citizens.
Internationally, countries distinguish cannabis use as either medical or recreational. In Thailand, the categories are medical, recreational, and an ambiguous “other” use. Continued …
DSI Raids Three Suspected Foreign Nominee Companies in Phuket
The Department of Special Investigation (DSI), in cooperation with the Immigration Police, Tourist Police and other authorities in Phuket, raided three businesses allegedly run by foreigners. These companies are suspected of running illegal activities under the guise of legal businesses.
Thaveewat Surasit, director of the DSI’s Security Cases Division, explained that the joint operation targeted three locations for which the authorities had search warrants. The aim was to investigate individuals and intermediaries involved in registering businesses for foreigners. Continued …
Headline inflation up 1.54%, above forecast
Thailand’s headline consumer price index (CPI) rose 1.54% in May from a year earlier, after the previous month’s annual rise of 0.19%, the Commerce Ministry said today.
The May figure compared with a forecast increase of 1.19% in a Reuters poll and marked the first time since April 2023 that the headline inflation rate returned to the central bank’s target range of 1% to 3%. Continued …
FTI Predicts 700 Business Closures if Bt400 Minimum Wage is Implemented
The Federation of Thai Industries (FTI) cautions that around 700 more factories may close by year’s end if the government implements a standard Bt400 minimum wage nationwide.
Over 360 factories have already shut down in 2023, leading to over 10,000 job losses. The FTI attributes these closures to economic slowdown and lack of government support. Continued …
KKP wary on baht outlook despite uptick
The baht has posted a short-term gain, rising to a two-week high of stronger than 36.5 to the dollar on Thursday, but Kiatnakin Phatra Financial Group (KKP) warns the Thai currency could depreciate because of Thailand’s structural problems.
The baht led Asian currency gains on Thursday, advancing 0.3% to its highest level since May 23, while the Singapore dollar rose 0.2%. The Thai currency was traded at 36.69 baht to the greenback on Wednesday, strengthening from a low of 36.9 baht on May 30. Continued …
Developers beg BOT to ease loan measures as housing market slumps
The Thai Condominium Assn. is calling on the Bank of Thailand to ease its loan-to-value (LTV) ratio measure when considering housing loans, as well as consider lowering interest rates to help revive the real-estate sector.
The LTV is a risk-assessment ratio that lenders examine before approving a loan. For example, the sum approved as a loan for home buyers will depend on their income and credit history. This measure was introduced to control non-performing loans. Continued …
Agoda CEO sees potential for Thailand to become Asian Silicon Valley
Thailand has the potential to become Asia’s Silicon Valley, Agoda CEO Omri Morgenshtern said on Thursday, while expressing his support for the government’s vision of transforming the country into a leading technology hub.
His comments came after he met Prime Minister Srettha Thavisin at Agoda’s headquarters in Bangkok. Morgenshtern said after a brief meeting with the Thai PM that they had discussed actions to advance Thailand’s status as a global center for technological progress and innovation. Continued …
Saudi food-security agency eyes investments in Thai agro-business
Saudi Arabia’s top food-security agency is interested in investing in key agricultural industries in Thailand, especially in poultry, fish and sugar processing sectors, an adviser to the Thai agriculture minister said.
Adillaw Ali-Ishoh, an adviser to Agriculture Minister Thamanat Prompow, was speaking to reporters on Wednesday after he met with Mohammed Almousa, group CEO adviser at the Saudi Agricultural and Livestock Investment Co. (SALIC), earlier in the day. He attended the meeting on behalf of the minister. Continued …
More businesses catering to the high purchasing power of singles
Expenditures by single-person households, covering goods and services, average around 1.4 trillion baht per year.
According to reports from Thailand’s Office of the National Economic and Social Development Council (NESDC) and Euromonitor, in 2023, there were about 400 million single-person households worldwide, with this number expected to increase at an average rate of 3.3% per year. Continued …
Foreign tourist arrivals jump 38% in first 5 months
Nearly 15 million foreign tourists visited Thailand during the first five months of this year, up 38% from the same period last year, with those from China topping the table, government spokesman Chai Wacharonke said on Thursday.
Chai said Prime Minister Srettha Thavisin is looking to drive the tourism industry forward as it serves to boost the economy. The push also involves improving the quality of the industry’s human resources as part of the premier’s “Ignite Thailand” development agenda. Continued …
Thailand leads in Mekong region tourism, aiming for over 95M tourists by 2025
Thailand, a key player in GMS tourism, is rallying executives and over 15 agencies to boost cooperation. Their goal is to increase foreign tourists in the Greater Mekong Subregion to over 95 million by 2025, demonstrating a strong commitment to regional tourism.
Senior tourism officials and executives from Cambodia, Lao PDR and Myanmar were special guests of the Tourism Authority of Thailand and the Ministry of Tourism and Sports at the Thailand Travel Mart Plus to be held this week in the coastal district of Khao Lak, Phang-nga Province. Continued …
Natnattcha won the Tenderstem® Bring Home the Harvest category with “A Day in the Field”, a stunning shot of a young farmer carrying a rack of rice sprouts across a paddy field in Sakon Nakhon.
Thai woman wins twice in global food photo contest
A haunting image, Red Bean Paste Balls, by Chinese photographer Zhonghua Yang, has won the overall prize of Pink Lady Food Photographer of the Year 2024, the world’s leading celebration of food photography and film.
Thai photographer Natnattcha Chaturapitamorn achieved great success in this year’s competition; from the thousands of entries submitted from over 65 countries across the world, she had a total of four finalist images, including two category wins. Continued …
Red Bean Paste Balls, by Chinese photographer Zhonghua Yang, won the overall prize of Pink Lady Food Photographer of the Year 2024.
6 offbeat places in Thailand you should definitely visit
One night in Bangkok and the world’s your oyster…but if you’ve got more than 24 hours to spare, you’ll want to explore Thailand beyond its glittering capital.
Koh Tao
In fact, for your next trip to the Southeast Asian country, switch up your itinerary — instead of the regular tourist haunts of Pattaya, Phuket and Koh Sa Mui, opt for its more rustic, offbeat alternatives, which include the ancient ruins of Sukhothai, the temple runs of Chiang Rai and the turquoise lagoons of Koh Tao, the lesser-known sister island of the overcrowded Ko Samui. Continued …
Bangkok’s Sorn among world’s 50 best restaurants
Sorn entered Bangkok’s premium dining scene in 2018, introducing a sophisticated way to experience the seafood-centric, fiery cuisine of Thailand’s coastal southern region. Owner and executive chef Supaksorn “Ice” Jongsiri, along with head chef Yodkwan “Yod” U-Prumpruk, have become national and international gastronomic ambassadors for the region’s cuisine, garnering accolades a-plenty, as well as an ever-full reservations book.
Sorn is not only a celebration of the south, but an ode to Chef Ice’s childhood, during which he picked up the tricks of the trade from his grandmother. At the restaurant, diners get an insight into traditional cooking methods and savor nearly 90% of hyper-local southern ingredients, all from an experienced crew that are mostly from the south. Continued …
Hanoi issues directive on tightening dog and cat meat trade
In a major move to safeguard public health and promote more ethical practices, the Hanoi Sub-department of Animal Husbandry, Fisheries and Veterinary Services has issued a critically important directive as a move toward eliminating dog and cat meat trade across the city’s districts. Continued …
Malaysia evicts 500 ‘sea nomads’
More than 500 people from seafaring communities along the coast of Sabah state have been evicted from their homes this week as part of a Malaysian government crackdown on undocumented migrants, local activists said. Continued …
Prepare for a future of heat waves
Purchase of alien blackchin tilapia to kick off Aug 1 in PKK
Thailand braces for heavy rain amid monsoon and storm warnings
Yoga significantly improves health of Rheumatoid Arthritis patients
American Arrested for Stabbing Australian to Death
All the Details About Thailand’s New Visa Strategies Expected to Supercharge Economic Growth
Digital Wallet Scheme Excludes 18 Products and Services
Thailand’s premium EV sales plunge 35%
How Much Lower Can EV Prices Go?
Advice for trekkers in national parks during rainy season in Thailand
This Thai meal can give you liver cancer if you take just one bite
Organic approach to sustainable well-being
Cashing in On Large-Scale Amateur Events
Thailand ranks in top 10 countries for low expat living costs
Squid and Seafood Festival Aug 9-11
Military wants Bt300-million redevelopment of northern Thai oilfield
Sena zeroes in on solar panel installation
Hotel pools are a hot tourist attraction, Thailand ranks 4th in Asia
Group sterilizing and vaccinating stray dogs in Hua Hin
Thailand’s new energy roadmap: a path to eco and economic crisis?
Tax measures for employers to cushion blow of wage increases
Time to Raise the Retirement Age in Thailand
Bitec to host four trade shows this week
Thai PM Pledges Major Upgrades for Key Airports
Missionaries Have Gone to Thailand for 200 years. Why Aren’t There More Christians?
Path to Social Security’s survival mapped out
Thai government seeks 7 billion baht for EV subsidies
KFC Thailand’s CMO on local flair, innovation, and his recipe for success
UFO sighting over Prachinburi pond sparks local curiosity
Grab bucks the trend of struggling food delivery operators
Madagascar lemurs, tortoises seized in Thai bust reveal reach of wildlife trafficking
CP warns of farm water threats
Navigating new foreign income rules
Free event in Hua Hin to address major changes in Thai tax legislation
Economist warns of further industry closures
Is Thailand facing an over-tourism crisis ?
Chicken vendors ‘squawk’ over soaring prices in south Thailand
Tourism authority seeks deals with 11 airlines
Land Department updates criteria for foreigners to own land
Bangkok’s Sorn among world’s 50 best restaurants