Saturday’s news-July 13 -

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Electric rate increase/Heavy rains forecast/Big jump in number of millionaires/Is 60 the new 40?/Thailand’s 30 baht healthcare policy/Drones to assist farmers/Thailand prepares for potential flooding/Scammer Kingpin’s Run Ends/Economy: Baht appreciation pressured/Thai banks called to task/Scant impact from digital wallet/Fourth largest producer of electronic circuits/Honda Thailand to halve auto production/Caltex service stations installing solar/Lifetime warranty for EV components/Tourism: 93 countries’ visa-free entry/Thai Cabbie Returns 500,000 Baht/Thailand expands airports/Illegal tour firms/Thailand Experience: Farmers Fight To Restore Vanishing Paddy Fields/SHA Undergrads Study Ecotourism/A paradise in peril/Chatuchak Market Guide/5 Hidden Gems In Bangkok/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

Electric rate increase under consideration

The Energy Regulatory Commission (ERC) announced a public consultation from yesterday until July 26 to discuss the final electricity tariff adjustment of the year. The proposed adjustments could see electricity bills rise from September to December this year, with costs potentially increasing from 4.18 baht per unit to between 4.65 and 6.01 baht per unit.

The secretary-general and spokesperson of the ERC, Poonpat Leesombatpiboon, revealed that the fuel tariff (FT) might need to be adjusted upwards by 46.8 to 182.9 satang per unit, combined with the base electricity rate of 3.7 baht per unit. This adjustment would result in the electricity tariff for the end of 2024 increasing to between 4.65 and 6.01 baht per unit. Continued …

Heavy rains forecast for most of Thailand from Sunday to Thursday

Thundershowers and isolated heavy rains are likely in some areas of Thailand on Saturday due to the moderate southwest monsoon prevailing over the country, the Thai Meteorological Department said.

From Sunday to Thursday, however, most of Thailand will experience heavy to very heavy rains, as the strong monsoon trough will lie across the north and the northeast regions into an active low-pressure cell over the middle South China Sea, the department warned. Continued …

Thailand expected to see a big jump in number of millionaires in next 5 years

Thailand is expected to see a 24% increase in the number of millionaires over the next five years, propelling the country to ninth place in the world for the most increase in wealthy individuals, according to the recently released UBS Global Wealth Report 2024.

The UBS report highlights a notable rebound in global wealth growth, which reached 4.2% in 2023, offsetting the slump experienced in 2022. When adjusted for inflation, global wealth grew by an impressive 8.4% last year. Continued …

Is 60 the new 40? How population aging is taking shape in ASEAN countries

The proportion of the elderly population in ASEAN and the Plus-3 economies has seen a significant rise. It escalated from 5.1% and 8.1% in 2001 to 7.9% and 15.1% in 2022, respectively. Furthermore, countries like China, Thailand, and Vietnam are projected to shift from aging to aged societies more rapidly than advanced economies such as France and the U.S.

For instance, France and the U.S. experienced this transition over 115 and 69 years, respectively, while China is anticipated to complete it in 25 years, Singapore and Thailand in 22 years, and Vietnam in just 19 years, according to UNESCAP 2017. Continued …

Thailand’s 30 baht healthcare policy gets public approval

Thailand’s 30-baht treatment anywhere policy has received widespread approval from the public, providing accessible health services for minor illnesses through community pharmacies in 45 provinces.

This initiative, part of the National Health Security Office (NHSO) and the Pharmacy Council’s ongoing efforts, aims to extend healthcare access to individuals under the national health insurance scheme, commonly known as the 30 Baht Gold Card. Continued …

Drones to be used to assist farmers

Government spokesman Chai Wacharonke said on Friday that the government had launched a new project in which each tambon will be provided with one drone for use in farming. This could potentially help boost crop yields while cutting farming costs.

The “One Tambon One Digital” project aims to create a new digital ecosystem in Thailand’s agricultural sector and help generate more income from higher crop yields and lower production costs, said Chai. Continued …

Thailand prepares for potential flooding in lower Chao Phraya River basin

Thailand is stepping up efforts to prepare for potential flooding in the lower Chao Phraya River basin, anticipating the impacts of La Niña. The deputy prime minister is leading the initiative to bolster flood defenses and emergency response plans.

During a visit to Ayutthaya Province, Deputy Prime Minister Phumtham Wechayachai and key officials reviewed flood defense measures and emergency response plans. Continued …

From Malaysia to Pattaya: Scammer Kingpin’s Run Ends in Arrest

Officers from the Investigation Division of the 2nd Subdivision, Tourist Police Bureau 1, in collaboration with the Chonburi Immigration Office, arrested a Chinese man, Mr. Liu, 39, the leader of a call center scam gang, in front of a restaurant at a mall in Noen Plub Wan Alley of Pattaya City. He was arrested while getting into a luxury white BMW and charged with “being an alien in the country without permission.”

On Thursday, the officers received information that the gang leader of a call center gang, fleeing prosecution in Malaysia after raiding a fellow countryman’s place to collect money, was eventually arrested by Malaysian authorities. Subsequently, the Chinese gang leader was released on bail, before fleeing to Thailand.. Continued …

Baht appreciation pressured by significant challenges

The Thai economy’s lower potential growth, a weaker current account surplus and increased capital outflows are pressuring baht appreciation over the longer term, say economists.

Roong Sanguanruang, senior vice president for global markets planning at Bank of Ayudhya (Krungsri), said the baht faces higher limitations in terms of appreciating against the dollar because of the economy’s reduced growth potential. Thailand’s current account surplus has continued to decline, while foreign net capital outflows are rising, she said. Continued …

Thai banks called to task for funding weapon exports to Myanmar

A House panel on Thursday summoned banks and relevant agencies as part of its investigation into mule accounts used to support Myanmar’s military junta.

The committee in charge of state security, border affairs, national strategy and reform initiated the investigation in response to the Office of the United Nations High Commissioner for Human Rights (OHCHR)’s report in late June, which revealed that Thai banks were providing financial services to the Myanmar military junta for weapon procurement. Continued …

Analyst sees scant impact from digital wallet

The government’s flagship digital wallet policy can improve the economy by only 0.4 percentage points, mostly in 2025, after the project’s budget was reduced by 50 billion baht to 450 billion, as uncertainties remain regarding the funding, according to an analyst.

The government subcommittee overseeing the 10,000-baht digital handout scheme decided to scale down the funding of the program to 450 billion baht as legal complications prevented it from utilizing the state-owned Bank for Agriculture and Agricultural Cooperatives, relying instead on the budgets for 2024 and 2025. Continued …

Thailand eyes becoming fourth largest producer of electronic circuits

Thailand is looking to increase its global electronics circuit market share to become the fourth largest producer and is setting up a national Electronics Circuit Center to meet labor demand for this industry, Thai Printed Circuit Assn. (THPCA) President Pithan Ongkosit said on Thursday.

Achieving this goal requires robust support and collaboration from both public and private sectors, he told the media at a joint press conference with the Board of Investment (BOI) and the Hong Kong PrinteAssociation (HKPCA). Continued …

Honda Thailand to halve auto production amid China competition

Japanese automaker Honda Motor has announced it will cut production capacity in Thailand by 50%, citing fierce competition from Chinese counterparts.

Honda has two car assembly plants in Thailand. The Ayutthaya plant will stop auto production by the end of next year and switch to making auto parts, media reported on Wednesday. Continued …

Caltex fuel service stations installing solar rooftop systems

Ponix, a solar cell system solution provider, has partnered with Caltex, a subsidiary of Star Fuels Marketing, the exclusive licensee of Caltex fuels in Thailand, to allocate station areas to install solar rooftops at Caltex fuel service stations in support of efficient use of renewable energy by using solar energy at service stations.

Ponix has installed solar rooftops at four Caltex fuel service stations and plans to increase to 50 stations nationwide in 2025. The installations are expected to help save electricity costs by 50% per station. Continued …

MG Thailand introduces lifetime warranty for EV components

As MG celebrates its 100th year, it is raising the bar in Thailand’s electric vehicle (EV) market by introducing a lifetime warranty on essential EV components.

In collaboration with SAIC Motor-CP, MG Thailand has introduced a lifetime warranty for the high-voltage battery, electric drive unit, and power electronic block across several of its electric models. The offer includes popular models like the MG4 electric, MG Maxus 9, and MG Maxus 7, as well as the MG Cyberster. Continued …

93 countries to get visa-free entry

Thailand will allow citizens of more countries to enter the kingdom via visa exemptions starting Monday, the Interior Ministry said on Friday. Interior Minister Anutin Charnvirakul signed four documents to ease travel for foreigners, all of which will take effect on Monday.

The directives include a new list of countries eligible for visa-free entry into Thailand, increasing from 57 to 93. Visitors from these countries will be able to stay for no more than 60 days. Continued …

Honest Thai Cabbie Returns 500,000 Baht to Saudi Tourist

In a display of honesty, 56-year-old Saneh Chaikam from Roi Et province, found himself at the center of a feel-good story this past Wednesday.

The taxi driver stumbled upon a black handbag left behind by a passenger earlier this week, which contained a staggering sum of money totalling 566,127 baht. Quickly realizing the urgency of the matter, Chaikam didn’t hesitate to contact the FM91 Traffic Police to orchestrate its return. Continued …

Thailand expands airports to meet tourism boom, aviation hub dreams

Fueled by a surge in tourist arrivals, Thailand’s aviation sector is experiencing a take-off of its own. Passenger traffic across the kingdom’s 39 airports is on a steady climb, prompting the government to invest heavily in expanding airport capacity.

This move, in line with the government’s “Ignite Thailand” strategy, aims to solidify Thailand’s position as a top aviation hub in Southeast Asia, attracting not just tourists but also business and investment. Continued …

Email link – kenbrown@businessclassasia.com

Illegal tour firms adopt new tactics

More than a hundred tour operators are at risk of breaking the law for using nominees or a price-dumping strategy, while new fraudulent tactics offer cheap tours disguised as direct sales or multi-level marketing companies, according to the Tourism Department.

Jaturon Phakdeewanit, director-general of the department, said the number of suspected illegal tour companies might be relatively small compared with 13,000 licensed firms nationwide, but their operations could inflict huge damage on Thai tourism, with most of the income flowing overseas instead of benefiting local businesses. Continued …

In Thailand’s Deep South, Farmers Fight To Restore Vanishing Paddy Fields

In the lush landscape of Thailand’s deep south, a quiet revolution is brewing. A network of farmers and activists is breathing new life into abandoned rice fields – and preserving local culture as they go along.

The grassroots movement is encouraging young people to return to their forgotten family fields, build granaries and harvest rice for community lunch programs. Continued …

Adventure in Thailand: SHA Undergrads Study Ecotourism

Thailand attracts millions of tourists every year, many traveling there to see Asian elephants. The country is home to 15% of the 52,000 Asian elephants currently in the world.

One problem facing this vacation destination is protecting these gentle giants, which are classified as an endangered species. Animal rights activists warn against the unethical activities tourists tend to flock to, such as riding the elephants, which can put pressure on their bodies and deteriorate the tissue and bones, causing spinal damage. Continued …

Thap Lan National Park: A paradise in peril

Thap Lan National Park is confronting the most significant crisis in its 43 years of existence. If the ongoing #SaveThaplan campaign fails to make an impact, Thap Lan will lose a massive area representing nearly one-fifth of its land.

The government plans to cut the size of Thap Lan by 265,286 rai to resolve land disputes that have plagued the area for decades. Local farmers who claim ownership of land on the park’s boundary argue they have lived there for generations – well before the national reserve was established on Dec. 23, 1981. Continued …

Chatuchak Market Guide: Finding Treasures And Thrills At Bangkok’s Shopping Paradise

One of the largest and most diverse shopping places in Thailand, Chatuchak Market is the ideal place for shopaholics to traverse in Bangkok. From authentic Thai cooking paste, unique cosmetics, handcrafted furniture and electronic items to trendy apparel, organic fruits and even cute, furry little pets, this weekend market in Thailand with over 15,000 stalls overflows with treasures waiting to be discovered.

If you are planning a trip to the Land of Smiles, this is where you need to spend a weekend to treat your souvenir-hunting soul to some street-style flea marketesque retail therapy. Join us on this exploration of Chatuchak Market to find out where to pick up the exact thing you want. Continued …

5 Hidden Gems In Bangkok You Need To Check Out

Foodie fam, ever wondered where to get the best eats in Bangkok? If you’re on the hunt for some of Bangkok’s hidden culinary gems, then you’re in for a treat! As expats vibing in Bangkok, we recently embarked on a major food adventure to uncover some of the city’s best-kept culinary delights.

After savoring tons of delicious spots, we found five epic places that you totally gotta try! The best part? You can get all these tasty eats delivered straight to your door with GrabFood, and ordering is a breeze with its English menu! Continued …

Venice announces its tourist tax will increase in 2025

Venice’s experimental payment system for tourists only had a limited impact on reducing crowds in the lagoon city, meaning prices will almost certainly be hiked next year, a politician who led the project said on Friday. Continued …

Astronauts confident in Boeing capsule’s safe return despite past failures

Two astronauts who should have been back on Earth weeks ago said Wednesday that they’re confident that Boeing’s space capsule can return them safely, despite a string of vexing breakdowns. Continued …