Friday’s news-June 7 -

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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

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.

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 …

Today’s Thai environmental news

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