Saturday’s news-Aug 31 -

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Card numbers on the way out/Document Forger Network/Two districts declared disaster zones/Tattooing the stars/Samsung sued for ‘defective’ phones/Cops probed over extorting money/Bird poop collapses ceiling/How Testosterone Affects Men/Economy: Improved economic data/Small firms feel the pinch/New government’s energy policy/Flooding may cost 6 billion baht/Uptick in July manufacturing/Thailand Post into Virtual Banking/Thai gaming industry/Tourism: Can Thailand hit goal?/Floods not impacting tourist plans/Medical tourism uptick/Thailand Experience: Top reasons to choose Thailand/Climate Thailand: Bt190-billion windfall/Informal economy reform for green growth/Thai steel firms request BoI incentives/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

Card numbers for online shopping on the way out

Mastercard is expanding its efforts to eliminate the use of credit card numbers when customers make purchases online in a bid to fight fraud. A decade after it first unveiled a technology that replaces consumers’ card numbers with so-called tokens, the company is now processing 1 billion such transactions every week. It took the payments giant three years to process the first billion of such transactions.

Now, Mastercard is planning to expand the use of the technology to replace security measures like passwords with biometric data such as fingerprints or face scans. Continued …

Raid on 30 Locations Dismantles Document Forger Network

The Crime Suppression Division conducted raids on 30 locations nationwide, dismantling a network specializing in forging government documents. Two siblings, both computer engineering students from a well-known university in Chiang Rai, were arrested.

Authorities are expanding the investigation to identify the masterminds behind the operation, which catered to clients from various professions. Police Col. Anek Taosupap, deputy commander of the Crime Suppression Division, announced the results of Operation “Document Forgery Network Dismantlement” following the nationwide raids. Continued …

Two districts in Nakhon Phanom declared disaster zones

Authorities have declared Na Thom and Sri Songkhram districts disaster zones following severe flooding caused by the overflow of three major Mekong River tributaries.

On Friday, the Mekong River reached nearly 11 meters, just one meter below overflow level. The rising waters caused the Nam Oun, Nam Songkhram and Nam Yam rivers to overflow, inundating more than 20,000 rai (7,907 acres) of agricultural land in both districts. Continued …

Tattooing the stars

An actress, whose name means “land of stars” in Thai, embodies creativity both in front of the camera and on the tattooing needle. Video …

Samsung sued for ‘defective’ Galaxy phones

The Thailand Consumers Council (TCC) and 119 consumers have filed a class action lawsuit against Thai Samsung Electronics Co. after the company refused to pay compensation for defective devices.

Sophon Nurat, a division head of the TCC, said users had complained about mysterious vertical green or pink lines on phone screens in various Samsung Galaxy models. They also reported phones overheating. In some cases, the problems occurred after users installed a One UI software update, he said. Continued …

Cops probed over extorting money from sex workers

Fifteen police officers have been transferred pending investigation after four officers from a special operations unit in Ayutthaya were accused of extorting money from two women after soliciting them for sex.

Ekkapop Laungprasert, an adviser to the interior minister, took a 27-year-old woman to file a case with Police Col. Ekkarat Aunjaroen, deputy commander of Ayutthaya Provincial Police, against four police officers for extorting money on Thursday. Continued …

Bird poop collapses ceiling, injuring 4

An accumulation of pigeon droppings caused a ceiling in the Kham Khuean Kaeo district meeting hall in the Isaan province of Yasothon to collapse onto students and teachers during an exhibition visit, resulting in four injuries.

The ceiling collapse occurred thursday, when teachers and students from several schools in the Kham Khuean Kaeo district came to see an exhibition and attend an evaluation of self-sufficient educational institutions as a learning center based on the philosophy of King Rama IX’s sufficiency economy. Continued …

How Testosterone Affects Men?

Testosterone, the primary male sex hormone, plays a crucial role in men’s health and development. From puberty through adulthood, it influences various aspects of the male body and behavior. For those concerned about their testosterone levels, a testosterone test can provide valuable insights into their hormonal health and overall well-being.

Testosterone is responsible for the development of male characteristics and maintains several important bodily functions throughout a man’s life. Testosterone helps regulate where fat is stored in the body. Men with healthy testosterone levels tend to have less body fat, particularly in the abdominal area. Low testosterone can lead to increased fat storage, especially around the waistline. Continued …

Improved economic data in July

Economic data in July improved from the previous month, mainly attributed to exports and tourism, according to the Bank of Thailand. The central bank on Friday reported the economic and monetary conditions for July, recording improvement after a slowdown the previous month.

The improvement was driven by rising external demand, reflected in both exports and tourism revenue, said Chayawadee Chai-anant, assistant governor for corporate relations group at the central bank. Continued …

Small firms feel the pinch amid an array of challenges

Thai small and medium-sized enterprises (SMEs) remain trapped in a cycle of rising costs, declining revenues and weakening consumer purchasing power. Access to formal credit also has decreased because of stricter regulations from financial institutions, leading to a greater reliance on informal loans.

According to Sangchai Theerakulvanich, president of the Federation of Thai SMEs, small Thai companies were overwhelmed by the impact of the pandemic and now face additional challenges from the Russia-Ukraine war and the Israel-Hamas-Iran conflict, which have driven up energy prices and raw material costs. Continued …

All eyes on new government’s energy policy and fuel price subsidy

After PM-elect Paetongtarn Shinawatra unveiled her list of Cabinet members on Friday, analysts zoomed in on the post of energy minister to find out who will be in charge of energy-related policies, particularly the capping of diesel retail price to help reduce people’s financial burden.

The portfolio would still be held by incumbent Pirapan Salirathavibhaga from the Ruam Thai Sang Chart Party. Pirapan has held the portfolio since August 2023 when he was appointed energy minister by Srettha Thavisin. He immediately implemented the diesel cap of 30 baht, using money from the Oil Fuel Fund to subsidize the measure. Continued …

Flooding in north may cost Thai economy up to 6 billion baht

Heavy flooding in several provinces in the north of Thailand is expected to cost the country up to 6 billion baht in damages, the Thai Chamber of Commerce (TCC) said, as it called on the government to employ better preventive measures.

The estimate covers damages incurred in the nine northern provinces of Chiang Rai, Phayao, Sukhothai, Lampang, Phetchabun, Phrae, Nan, Phitsanulok and Nakhon Sawan, TCC Chairman Sanan Angubolkul said. Continued …

Olympics, exports drive uptick in July manufacturing

Thailand’s Manufacturing Production Index (MPI) in July increased by 1.7% year-on-year to 96.7 points, driven by various factors, including the 2024 Olympics and growing exports, says the Office of Industrial Economics (OIE).

The Olympic Games in Paris played a key role in boosting production, as manufacturers received more purchase orders, said Krit Chansuwan, deputy director-general of the OIE. Continued …

Thailand Post Ventures into Virtual Banking

Thailand Post, the state-owned logistics giant, has announced plans to enter the burgeoning field of virtual banking. This strategic step aims to leverage the company’s extensive network and infrastructure, consisting of 1,600 branches nationwide and a delivery team of 25,000.

According to Dhanant Subhadrabandhu, president of Thailand Post, the agency is exploring two primary approaches to participate in the virtual banking sector. The first involves acquiring shares in a consortium applying for the Bank of Thailand’s virtual bank licenses, which will be issued soon. The second option is positioning itself as a neutral virtual banking agent, offering support to all virtual banks. Continued …

Thai gaming industry could become a soft power

Thailand has the potential to become a regional hub for the gaming industry with collaboration from relevant agencies, the top official of the Department of Cultural Promotion said on Friday. The opening ceremony of the “Thailand International Game Showcase 2024” took place at IconSiam shopping complex in Bangkok.

Department Director-general Prasop Riangngoen said the event aims to promote the Thai gaming industry as Thailand’s soft power, using cultural capital to boost the industry’s value, such as art, culture, tradition, food and local wisdom. Continued …

Tourism: Can Thailand hit the 2.3-trillion-baht goal?

Despite a whirlwind of global economic challenges and shrinking wallets worldwide, Thailand’s tourism sector is making a remarkable comeback. The nation is on the brink of welcoming nearly as many visitors as it did in the golden year of 2019, when almost 40 million foreign tourists poured in, generating 2 trillion baht in international revenue.

However, while the country is on track to meet the government’s ambitious target of 36.7 million foreign visitors by the end of this year, hitting the revenue goal of 2.3 trillion baht appears increasingly out of reach. Lingering global conflicts and economic uncertainties are tightening tourists’ purse strings, threatening to derail Thailand’s revenue aspirations. Continued …

Floods in the north have little impact on foreign tourist plans, says TAT

The ongoing flood situation in several provinces in the northern region has had little to no impact on the plans of foreign tourists, the Tourism Authority of Thailand (TAT) said. Four tourist provinces in the north – Chiang Rai, Phayao, Phrae and Nan – have reported flooding in several areas during Aug. 22-28, the TAT said.

A TAT survey revealed that only a small number of tourists have canceled their trips to Chiang Rai due to the flood, TAT Gov. Thapanee Kiatphaibool said, adding that August and September were the “green season” for the north, or the rainy season, which is not popular among foreign visitors. Continued …

Thailand to gain from medical tourism uptick

Thailand, Southeast Asia’s largest player in medical tourism, should benefit from industry growth globally, with the region’s market expected to expand 43% to US16 billion by 2030, according to Bumrungrad International Hospital.

Nipat Kulabkaw, co-chief executive of the hospital group, said despite the economic slowdown, the global medical tourism market is projected to grow 20% annually from $103 billion to $284 billion in 2032. Continued …

Top reasons to choose Thailand for your healthcare services

If you’re exploring healthcare services abroad, you’ve likely come across Thailand more than once. This Southeast Asian country has become top-of-mind as a medical tourism destination, attracting people from all around the globe seeking various medical treatments, from complex orthopedic surgeries to cosmetic procedures and dental care.

With the country’s medical tourism industry projected to hit USD16 billion by 2030, it’s worth asking — what exactly makes Thailand such a popular choice? And why should you fly all the way there to get your medical treatment? Continued …

Bt190-billion windfall from shift to renewables

Power companies are expected to rack up an additional 190 billion baht from electricity sales to the government as Thailand shifts toward greater use of renewable power between 2024 and 2037, says Krungthai Compass, the research unit of Krungthai Bank.

The substantial revenue results from the state plan to increase the proportion of renewable power to 51% of total electricity supply by 2037, up from 20% this year, as mentioned in the new power development plan (PDP). Continued …

TBA urges informal economy reform for green growth, SME gains

In a recent seminar organized by the Fiscal Policy Office (FPO), Payong Srivanich, CEO of Krungthai Bank and chairman of the Thai Bankers’ Assn., emphasized the urgent need to address the informal economy to drive Thailand’s transition to a green economy.

The discussion, part of the “Fiscal GreenPrint: Bridging Policy and Practice” panel, highlighted the challenges posed by the large informal economy, which accounts for nearly 50% of the nation’s GDP. A large informal economy leads to numerous challenges, including low national income, reduced competitiveness, poverty, and high inequality, particularly between large and small businesses. Continued …

Thai steel firms request BoI incentives for eco-project

Thai steel manufacturers G Steel and GJ Steel are seeking investment incentives from the Board of Investment (BoI) to support a 4.5-billion-baht development project. This initiative aims to tackle the challenges plaguing the local steel market while minimizing carbon dioxide emissions.

The founder and honorary chairman of both companies, Somsak Leeswadtrakul, revealed that despite employing over 1,000 workers, their production capacity remains low. He attributes this to the influx of low-quality, inexpensive foreign steel flooding the Thai market. Continued …