Saturday’s news-Aug 10 -

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This weekend’s local events/Drone show at Cha Am Beach/Effort to reduce energy subsidies/PTT Station cuts prices/Heavy rain and flash floods/What is turmeric good for?/Olympic Medalists Gift to His Father/Move Forward party reborn/‘Digital vaccine’ initiative/Kuwaiti Embassy urges citizens/Nine police officers wounded/New boat routes for Bangkok/Gold prices rise/Economy: Major Casino Firms Eye Investment/The Future of Money/Rising Temperatures Threaten Thailand’s Economy/Electric vehicle sales poised for new surge/Thai job seekers open to international relocation/Unemployment hits 9-month high/Nakhon Nayok nuclear project/Maintenance, repair, overhaul center in EEC/New oil platform/Tourism: Visa-free entry has many consequences/Chinese ‘market-busting tours’/Tourism buoyant again/Parks meet target/Olympians to star in tourism campaigns/Thailand Experience: Culinary Chronicles: Thailand/8 Best Indian Restaurants In Pattaya/International/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

Drone show at Cha Am Beach viewpoint through Monday

Continued …

Effort to reduce energy subsidies wins backing

Tax authorities and energy advocates support the Oil Fuel Fund Office’s (OFFO) initiative to better manage the loss-ridden Oil Fuel Fund, with its universal diesel and liquefied petroleum gas (LPG) price subsidy programs likely to end, according to a public hearing on the 2019 OFFO Act.

A substantial sum from the fund is being spent to help households and businesses, with no clear criteria to determine who really needs subsidies, said participants in the hearing co-organized by OFFO and Thammasat University. Participants support OFFO’s plans to spend money more carefully after Pornchai Jirakulpisan, head of the policy and strategy department at OFFO, said earlier the office is considering helping only specific groups of people to avoid incurring huge debts. Continued …

PTT Station cuts petrol and gasohol prices by 30 satang per liter

PTT Station announced a reduction in retail fuel prices, effective from 5am tomorrow. Petrol and all types of gasohol will drop by 30 satang per liter, with diesel prices remaining unchanged.

The cut means petrol will now be priced at 44.94 baht per liter. Gasohol 95 will be 37.05 baht per liter, Gasohol 91 at 36.68 baht per liter, E20 at 34.94 baht per liter, and E85 at 34.69 baht per liter. Premium Gasohol 95 will be available at 45.64 baht per liter. Continued …

Thailand braces for heavy rain and flash floods

Thailand is set to experience heavy rainfall despite hot daytime temperatures, with 33 provinces expected to face severe weather conditions, including heavy rain. The Meteorological Department (TMD) forecasts increased rain from today, Aug. 10 to 12, especially in four regions.

The weather forecast for today predicts rainfall in 38 provinces, with heavy rain in the eastern and southern regions at a probability of 60%. This could lead to sudden flooding and runoff, especially in mountainous areas near waterways and low-lying regions. Continued …

What is turmeric good for? The spice has powerful antioxidants and other benefits

More than just adding flavor, color and aroma to our food, spices tell a story. Take turmeric, for example, which was first used nearly 4,000 years ago in India before spreading through China, East and West Africa and Jamaica. Turmeric also has a long history of religious significance and medicinal use in South Asia.

“Turmeric’s main active component, curcumin, makes it a potential treatment for numerous health conditions,” says Dr. Denise Millstine, a women’s health and integrative medicine specialist at Mayo Clinic in the USA. Continued …

Dreams of a New Home: Olympic Medalist Theeraphong’s Gift to His Father

“Fang” Theeraphong Silachai, a Thai national weightlifting athlete, won the silver medal at the Paris 2024 Olympic Games in the men’s 61 kg weight category. He is another person from the northeastern region of Thailand who has achieved a feat that brings pride to his local community.

Many Thai athletes who compete in strength-focused sports like weightlifting and boxing come from the northeastern region (Isan) and from families with difficult financial circumstances. This includes Theeraphong, whose father supported his upbringing by selling aromatic coconuts from a motorcycle with a sidecar in Sisaket Province. Continued …

Move Forward party reborn as People’s Party

People’s Party, the successor of the disbanded main opposition Move Forward, thanked supporters on Friday evening after raising 10 million baht in just nine hours after the party was officially launched earlier that day.

“We underestimated the power of the people,” said a post on the party’s Facebook page, adding that the party had set a target of raising 10 million baht and gathering 100,000 members before Aug. 31. Continued …

‘Digital vaccine’ initiative to increase public immunity against cyberthreats

Eleven agencies on Friday joined forces under the government’s “digital vaccine” initiative, which aims to educate the public about cyberthreats and online scams and how to stay safe in the digital era.

Digital Economy and Society Minister Prasert Chantararuangthong led 10 other agencies in signing a memorandum of understanding to form cooperation under the digital vaccine initiative, which include jointly producing public relations media to raise public awareness on cyberthreats. Continued …

Email link – kenbrown@businessclassasia.com

Kuwaiti Embassy urges citizens to follow Thai Laws

The Embassy of the State of Kuwait in the Kingdom of Thailand, under the leadership of Ambassador Mohammad Hussain Al-Failakawi, is closely monitoring recent events that took place in Pattaya City.

Al-Failakawi has emphasized the importance of Kuwaiti citizens strictly adhering to the instructions and guidelines issued by the embassy, as well as the laws and regulations enforced by the Thai authorities. Continued …

Nine police officers wounded in attack by suspected southern insurgents

Ten people were injured, including nine police officers, when suspected southern insurgents detonated three bombs planted at the entrance to the fishing port in Bana subdistrict, Pattani, near police flats.

The assailants detonated the first bomb to lure officers to the scene before triggering the second and third bombs, the latter being a vehicle bomb. None of the victims are in a serious condition, according to reports. Continued …

Seven new boat routes planned for Bangkok to ease traffic woes

Seven new waterway routes are being planned in the Bangkok metropolitan area to ease traffic congestion and boost the comprehensive public transport network in the capital, the Office of Transport and Traffic Policy and Planning said on Friday.

The Transport Ministry is drafting the “W-Map initiative” to add waterway transport routes in Bangkok from now until 2032, aiming to increase the total distance of boat routes in the capital to 244.2km from the current 131.2km. Continued …

Gold prices rise sharply following recent declines

Gold prices surged following a significant drop, according to the latest data from the Gold Traders Assn. (GTA). As yesterday morning, the price of gold jewelry was being sold at 40,950 baht per baht-weight, reflecting an increase of 250 baht compared to the final price the day before.

The new gold prices saw gold bullion in the domestic market buying at 40,350 baht per baht-weight and selling at 40,450 baht per baht-weight. The price of 96.5% gold jewelry was bought at 39,628.24 baht per baht-weight and sold at 40,950 baht per baht-weight. Continued …

Major Casino Firms Eye Investment in Thailand’s New Complex

At least five significant global casino companies have shown strong interest in investing in Thailand’s upcoming entertainment complex project. This interest comes as Thailand’s government pushes forward with the draft bill for the Entertainment Complex Act. If passed, the law will legalize casinos in the country.

Las Vegas Sands Corp., Wynn Resorts, Caesars Entertainment, MGM China Holdings, and Hard Rock Cafe are the major players keen on entering the Thai market. Continued …

Thailand’s Digital Wallet Scheme: The Future of Money

Thailand has launched a ground-breaking digital wallet stipend scheme for eligible citizens, offering a potential glimpse into the future of money management. Chai Wacharonke, a Thai government spokesperson, highlighted how the program forms a pivotal part of a broader economic strategy aimed at boosting household consumption and GDP.

This effort seeks to address short-term economic needs, albeit with critics pointing out that it doesn’t tackle deeper issues like low investment. Continued …

Rising Temperatures Threaten Thailand’s Economy, Tourism, and Future

Thailand emits less than 1% of global greenhouse gases but ranks among the top 10 countries most severely impacted by climate change. This stark reality poses significant concerns over the country’s economic stability and long-term viability of its tourism sector.

A 2021 study by Swiss Re Institute projected that Thailand’s GDP could plummet by 43.6% by 2048 due to temperature increases of up to 3.2°C. This would have a profound impact on a country heavily reliant on agriculture, tourism, and fisheries. Continued …

Thailand’s electric vehicle sales poised for a new surge

Thailand is rapidly becoming an electric vehicle manufacturing hub, attracting investment from companies like BYD and BMW through incentives. EV sales surged, aiming for 30% production by 2030.

Government policies, such as tax incentives, emissions regulations, and infrastructure investments, are encouraging automakers to accelerate the transition toward electric vehicles (EVs). This shift in the global automotive market equilibrium is favoring the increased adoption and production of EVs over traditional internal combustion engine vehicles. Continued …

66% of Thai job seekers open to international relocation

Insights at both global and national levels have been uncovered through the Global Talent Survey 2024, created by JobStreet and Jobsdb under SEEK, in collaboration with Boston Consulting Group (BCG) and The Network as the global partner.

This research aims to understand shifts in work locations and the desired work styles of global talent, gathering input from around 150,000 participants across 180 countries. The global survey results are based on a large and diverse sample, covering key job seeker markets. Continued …

Unemployment hits 9-month high

The unemployment rate in Thailand has reached a nine-month high of about 2% of registered workers, as the country struggles to deal with slow economic growth and more factory shutdowns, according to the Employers’ Confederation of Thai Trade and Industry (EconThai).

The group’s calculation is based on registered workers under Section 33 of the Social Security Act, which refers only to employees who had been working for companies. It does not include freelancers. Continued …

Move sought for Nakhon Nayok nuclear project

The National Human Rights Commission (NHRC) has recommended that the government relocate a planned 20-megawatt nuclear reactor from Nakhon Nayok and provide more detailed information about the project to the public.

This recommendation follows a petition lodged by the Nakhon Nayok Citizen Assn. in April 2022, which said the Thailand Institute of Nuclear Technology (TINT) may not have adhered to human rights principles in carrying out the project, according to NHRC member Sayamol Kaiyoorawong. Continued …

Thai Airways keen to invest in EEC maintenance, repair, overhaul center

Thai Airways International (THAI) reiterated its commitment to invest in the Eastern Economic Corridor maintenance, repair and overhaul (MRO) project, while seeking clarity in the conditions to move forward, THAI CEO Chai Eamsiri told a media briefing on Friday.

The airline was currently negotiating and discussing with numerous potential partners from both domestic and international companies, he said. However, it is still too early to outline the details because THAI Airways is awaiting concrete conditions from Thailand’s Eastern Economic Corridor Office (EECO). Continued …

New oil platform close to startup offshore Thailand

Valeura Energy expects production to begin shortly through the MOPU Nong Yao C in license G11/48 in the Gulf of Thailand. It should increase the company’s share of oil production from the greater Nong Yao area to about 11,000 bbl/d at peak.

Last month, two new infill wells drilled from the Nong Yao A facility came onstream. All six horizontal development wells have been drilled for the new Nong Yao C project, with one of the appraisal wells set to be converted to a seventh producer. Continued …

Visa-free entry for Chinese nationals has many consequences

The Thai government’s decision to encourage visa-free travel for Chinese nationals has certainly boosted their numbers. They are now estimated to be around 35,000 per day as flights increase from more cities in China. The overall volume is either back to pre-covid days or has even surpassed it.

Although the boost to Thai tourism and to government coffers is obvious, there are other features about the move. Recent advertising signs in Bangkok and Rayong, written exclusively in the Chinese language, have been removed by Thai local authorities but clearly illustrate a new market trend. Continued …

Chinese ‘market-busting tours’ new threat to Thai tourism industry

Chinese investment is increasingly influencing various sectors of the Thai economy, particularly tourism and services, and the evolving marketing strategies to attract Chinese tourists are of particular interest.

The Tourism Authority of Thailand (TAT) has set a goal of attracting 11 million Chinese visitors in 2025, a return to pre-pandemic levels. However, the Association of Thai Travel Agents (ATTA) warns of challenges posed by small-scale Chinese investors in the tourism sector. Continued …

Tourism buoyant again, 38 million expected this year

The government expects the tourism industry to generate about 2.8 trillion baht in revenue for the country this year, with the number of foreign tourists expected to total nearly 38 million, said government spokesman Chai Wacharonke.

Thailand is forecasting 20.47 million foreign visitors in the second half of this year, bringing the total to 37.97 million, a 34.88% increase from last year. Continued …

Parks meet 2-billion-baht target

The National Park Office earned 2 billion baht in revenue over the past 10 months, its director announced yesterday, already surpassing its target for the 2024 fiscal year, which ends in September.

National Park Office Director Chaiwat Limlikhitaksorn said the total revenue was expected to exceed 2.15 billion baht in the remaining 52 days, or until Sept. 30. Continued …

Olympians to star in tourism campaigns

All Thai athletes competing in the Paris 2024 Olympic Games, including the medallists, will become sports tourism ambassadors to showcase their hometowns, both in key and second-tier provinces.

“The ministry’s key mission is to use sports to enhance tourism, distributing income to local communities,” Tourism and Sports Minister Sermsak Pongpanit said on Friday. Continued …

Culinary Chronicles: Thailand

Learn how Thai dishes balance the distinct flavors of sweet, sour, salty, and spice on this episode of Culinary Chronicles. Video …

Bookmark These 8 Best Indian Restaurants In Pattaya

The comfort and foodgasms after relishing a delectable Indian food spread is just out of the world. Especially, when you stumble upon a classic Indian restaurant when visiting abroad!

The feeling of indulging in either home-cooked or lavish Indian food touches your soul after continuously trying new local foods abroad. Visiting Pattaya? Then don’t skip on these best Indian restaurants: Continued …

Russia declares an emergency in Kursk, under attack by Ukraine

Russia declared a “federal-level” emergency in the Kursk region following a large-scale incursion from Ukraine and sent reinforcements there on Friday, four days after hundreds of Ukrainian troops poured across the border in what appeared to be Kyiv’s biggest attack on Russian soil. Continued …

Israel strike on Gaza school kills over 100

More than 100 Palestinians were killed and dozens wounded in an Israeli strike on a Gaza school sheltering displaced people, the official Palestinian news agency said on Saturday, while the Israeli army said it had hit a Hamas command center. Continued …

Shanghai to fully switch to new energy buses, taxis by 2027

Shanghai is set to overhaul its bus and taxi services, completely switching to new energy vehicles (NEVs) by the end of 2027, according to the city’s latest work plan update concerning transportation infrastructure and equipment. Continued …