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Extended alcohol sales hours ruled out for now

A government panel is adamant that alcohol sales hours will not be extended, citing rising numbers of casualties and road accidents.

Public Health Minister Somsak Thepsutin said the ministry’s alcoholic beverage control committee took into consideration statistics about road accidents and related legal aspects, as the issue affected many people. Continued …

Alibaba rumored to dump Lazada

An industry source familiar with Alibaba and the e-commerce industry says the company is in talks with Central Group and Charoen Pokphand (CP) to sell its stake in Lazada Thailand, following intensifying competition in the local market.

“There are several rumors Alibaba would like to sell Lazada, as the e-marketplace segment faces intense competition from Shopee and fast-rising TikTok,” said the source. Continued …

Lazada denies rumor

Lazada Group has denied a rumor that it is in talks with Central Group and Charoen Pokphand (CP) to sell its stake in Lazada Thailand.

“Lazada Group is not considering any divestment of our business in Thailand and is not in discussion with any investors on this topic. Any rumors stating otherwise are untrue,” according to a Lazada spokesperson. Continued …

Bangkok to offer Muay Thai as an elective in schools

The Bangkok Metropolitan Administration (BMA) is introducing Muay Thai as an elective course in 437 schools it runs to preserve the culture and teach young people about discipline, says city council President Surajit Pongsingwitthaya.

The boxing classes will be offered as part of the health science and physical education study cluster, he said after a meeting with Thanakorn Chaisri, director of the BMA’s Department of Education. Continued …

Probe into missing oil-smuggling ships linked to police force

An investigation into officers involved with the three missing seized oil-smuggling vessels is underway after a leaked chat showed a connection between some police and the mastermind of the oil smuggling gang.

The three seized ships, containing 330,000 liters of smuggled oil, had been docked at the marine police pier in Chon Buri’s Sattahip district along with two other seized vessels on March 19. Police arrested 28 crew members, charged them with smuggling oil, and released them on bail for 3 million baht. Continued …

CEO Spotlight with Bumrungrad Hospital’s Artirat Charukitpipat

Founded in 1980, Bumrungrad International Hospital is a leading healthcare institution located in the heart of Bangkok. Renowned for its world-class medical services, Bumrungrad offers comprehensive care across more than 70 medical specialties.

Medical Tourism Magazine sat down recently with the CEO of Bumrungrad International Hospital, Artirat Charukitpipat, discussing the hospital’s achievements, successes, and challenges faced under her leadership, becoming accredited by the global healthcare accreditation, and what the future holds for the healthcare institution. Continued …

Flying of drones banned in far south

Security authorities have banned the flying of drones, or unmanned aerial vehicles, in the three southernmost border provinces and part of Songkhla province.

The move follows reports of insurgents training to use UAVs to bomb military outposts in the region. Continued …

Italian Man Arrested on Samui Island for Allegedly Selling Cocaine – Continued …
Colombian suspect in 70 million baht theft arrested in Bangkok – Continued …

865-billion-baht loan needed to stimulate economic growth

Deputy PM and Finance Minister Pichai Chunhavajira told the Parliament on Wednesday that the proposed borrowing of 865 billion baht to offset the deficit in fiscal 2025 budget bill is necessary to revive the sluggish economy and ensure that Thailand’s GDP can still expand to meet the target.

He also assured lawmakers that the loan will strictly be within the framework of the government’s fiscal discipline. Continued …

15,000 lose their jobs so far in 2024

The industrial sector remains lackluster as the Thai Industries Sentiment Index (TISI) continued to fall in May to 88.5 from 90.3 points, with 15,000 workers losing their jobs since early this year, according to the Federation of Thai Industries (FTI).

The report concerning layoffs in the first five months of 2024 emerged as the TISI, which gauges the health of the manufacturing sector, dropped for a second consecutive month. Continued …

The Plan to Create 280,000 New IT Jobs

The Thai government has made a decisive move to establish itself as a high-tech hub by announcing a strategic plan to generate 280,000 new jobs in the IT sector within the next five years.

This initiative represents a significant step for Thailand, signaling its readiness to adapt to and lead in the era of advanced technologies. With a solid foundation in EVs and AI, the country is well-positioned to make this transition a success. Continued …

Measures readied to boost liquidity of Thai economy

After an underwhelming economic expansion in the first half of 2024 due to both internal and external factors, the government is planning to increase the liquidity of the Thai economy during the rest of the year by accelerating disbursement of the government’s budget and providing loans for entrepreneurs, the Finance Ministry said this week.

During an interview on Monday, Deputy Finance Minister Paopoom Rojanasakul said that the Thai economy is currently suffering from a chronic problem: Lack of liquidity. Continued …

Department aims to keep a lid on chicken prices

The Department of Internal Trade is monitoring chicken exports, urging producers and exporters to balance the proportion between domestic sales and shipments to prevent the price of chicken meat from getting too high.

Wattanasak Sur-iam, director-general of the department, said the reasons the price of chicken meat had increased from March to April this year were the hot weather and drought. Continued …

Digital Wallet Project to Spur Economic Growth, PM Assures

Prime Minister Srettha Thavisin has reconfirmed the much-anticipated, although delayed, digital-wallet project will undoubtedly foster economic growth by boosting domestic consumption, manufacturing, job creation, and state revenue.

Addressing the House of Representatives on the 2025 budget during the first day of a three-day floor debate, the prime minister assured that the 10,000-baht digital-wallet initiative will be rolled out in the fourth quarter of this year, benefiting a total of 50 million citizens across the country. Continued …

Digital cash handout carries high financial risk, warns opposition

The opposition warned the government of the high financial risk of excessive borrowing, largely due to the planned 500-billion-baht digital cash handout, as the fiscal 2025 Budget Bill debate began in parliament on Wednesday.

Opposition and Move Forward Party leader Chaithawat Tulathon said the 3.75-trillion-baht budget tabled in Parliament by the prime minister included 865-billion-baht in borrowing, which nearly reached the borrowing ceiling of the government. Continued …

DP World Bids on Thailand’s Major Land Bridge Project

Dubai-based logistics behemoth DP World has shown keen interest in Thailand’s 1-trillion-baht land bridge project, per the Ministry of Transport’s announcement.

Sultan Ahmed Bin Sulayem, the group chairman and CEO of DP World, is scheduled to meet Prime Minister Srettha Thavisin tomorrow to explore potential investment avenues in this initiative. As the world’s third-largest container port operator, DP World’s involvement could inject significant economic vitality into the project. Continued …

Thailand Casino Complexes Closer to Reality

Thailand is edging closer to legalizing large-scale entertainment complexes that include casinos, according to Deputy Finance Minister Julapun Amornvivat. The final draft of the bill paving the way for these developments is slated for Cabinet review within the next three to four weeks.

Julapun disclosed that 16 government agencies have contributed their insights on the proposed regulation, which will accompany the final draft. This bill, initially drafted by a dedicated House committee, is expected to undergo refinements based on the feedback received. Continued …

Japanese firms to invest more in Thailand as outlook brightens

Japanese investors are expected to increase their activity in Thailand, following a forecast by the Japan External Trade Organization (JETRO) of a rebound in tourism and business in the second half of this year, according to Transport Minister Suriya Jungrungreangkit.

Suriya made the comment after talks with JETRO Bangkok President Kuroda Jun and executives at the Japanese Chamber of Commerce in Thailand. Continued …

Email link – kenbrown@businessclassasia.com

100+ Thai companies in Fortune 500 Southeast Asia rankings

More than 100 Thai companies, six of them in the top 20, were ranked in the first Fortune 500 Southeast Asia list earlier this week, demonstrating the region’s growing importance in the global economy, according to Fortune, the world’s leading business media.

The move was announced as part of Fortune’s Southeast Asia 500 rankings for 2024, a first-time list of the region’s largest companies ranked by revenue in the fiscal year 2023. Continued …

Phuket Real Estate Booms As Foreigners Rush to Buy Vacation Properties

Phuket’s real estate market is booming more than ever, surpassing pre-COVID levels. According to a survey by the Agency for Real Estate Affairs (AREA) in the first quarter of 2024, there are 500 active projects on the island with a total value of 470 billion baht (12.8 billion USD).

Particularly popular are “vacation homes and condominiums”, which are bought by foreign buyers at prices between 20 and 100 million baht each. Continued …

Pharmaceutical event Positions Thailand as Regional Medical Hub

Informa Markets aims to make CPHI South East Asia 2024 the region’s largest pharmaceutical trade event, a springboard to secure Thailand’s position as the regional medical hub.

The event, scheduled for July 10-12, will bring together leading manufacturers, scientists, researchers, pharmacists, importers, and distributors of machinery, raw materials, and packaging from 21 countries to the Queen Sirikit National Convention Center. Continued …

Does off-season travel exist anymore?

It might be an impossible task to find a traveler who loves crowds and long lines. However, they’re part of the price that most tourists have to pay to visit some of the world’s most famous attractions, especially during peak times.

It used to be that someone looking for a bargain could count on traveling in the shoulder or low season – for example, Italy was once more affordable in the fall, while Hong Kong was cheaper in the boiling-hot summer months. For Thailand, the low season runs from May to October. Continued …

Thailand’s secondary cities steal the travel spotlight

Travelers in Thailand are increasingly shifting their focus to the country’s secondary cities, especially during the rainy season.

Digital travel platform Agoda reported a significant rise in accommodation searches for these often-overlooked locales, reflecting a growing trend among domestic and international tourists eager to explore Thailand’s diverse regions. Continued …

Thailand Unveils Ambitious Plan to Become Aviation Hub by 2030

Prime Minister Srettha Thavisin has unveiled an ambitious vision to transform Thailand into a regional aviation hub by 2030, under the initiative “Ignite Thailand, Aviation Hub”. The plan seeks to address existing infrastructure issues, while vastly expanding the nation’s aviation capacity to attract more international flights and boost tourism.

Suvarnabhumi International Airport, which once ranked as the 13th best globally but has recently fallen to 68th, is at the center of this grand vision. Despite Thailand’s status as the world’s 24th largest economy, its air transport facilities have lagged behind regional competitors like Malaysia, Singapore, and Hong Kong. Continued …

Pattaya hoping to become Southeast Asia’s premier destination

Pattaya, known for its bustling nightlife, is apparently trying to shed its old skin and emerge as a beacon of transformation in Southeast Asia. Recent years have witnessed a remarkable overhaul aimed at elevating visitor experiences and community living standards.

Key infrastructure upgrades are at the heart of this makeover. Underground installations of electrical and communication cables, revamped road surfaces, and improved water drainage systems not only enhance functionality but also add to the city’s aesthetic allure and cleanliness. Continued …

Tourists’ Phuket beach fun turns into life-or-death drama

Eight foreign tourists narrowly escaped drowning in Phuket’s treacherous seas yesterday after ignoring warning signs on the beaches.

In the first harrowing incident, two Indian couples defied the red flag flying on Karon Beach and ventured into the turbulent waters. Witnesses reported the tourists quickly found themselves overwhelmed by the powerful waves and wind, unable to swim back to shore. Desperate cries for help echoed across the beach. Continued …

Bangkok Airways eyes Samui cruise terminal, sea airport

Bangkok Airways has expressed interest in bidding for the Samui cruise terminal and sea airport projects but said it needs time to see if the two projects will benefit its ongoing businesses on the resort island.

Puttipong Prasarttong-Osoth, the airline’s CEO and president, said on Wednesday that his company backed the government’s plan to build a cruise terminal and sea airport in Samui, a popular tourist island in Surat Thani province. Continued …

Japan’s flood of tourists prompts call to charge foreigners more

As the flood of overseas tourists shows no sign of slowing, complaints about overcrowding and poor behavior by visitors are prompting some in Japan to look at ways of controlling the flow without losing income, including by charging higher prices for foreigners.

Foreign tourist arrivals came to 3.04 million in May, up 9.6% from the same month in 2019 and marking the third straight month at more than three million, the Japan National Tourism Organization said Wednesday. The weak yen has helped spur visitor numbers. Continued …

The long journey of the Equal Marriage Law

The historic push for Thailand’s Equal Marriage Law has succeeded, making it the first ASEAN country to legalize marriage for same-sex couples, and granting them the same rights as opposite-sex spouses.

However, the road to the LGBTQ+ community’s true celebration during Pride Month has been fraught with challenges, including societal understanding and legislative hurdles. Continued …

A celebration of the rich culture of Isan

“Proud Of Isan” is the theme of Isan Creative Festival 2024 to promote the rich cultural tapestry of the region, mainly in the Kungsadan, Columbo and Srichan areas of Khon Kaen province from June 29 to July 7.

In its fourth edition, the nine-day festival will take place daily from 11am to 9pm at various venues, including TCDC Khon Kaen, Khon Kaen University, Columbo Creative Community, Khon Kaen Innovation Center, Ad Lib Khon Kaen Hotel, Vector Coffee Roaster and more. Continued …

Doi Inthanon National Park: A biodiverse treasure

It was starting to drizzle and the mountain was shrouded in a sea of mist, making it difficult to see the winding roads leading to Ang Ka Nature Trail nestled in Chiang Mai’s Doi Inthanon National Park. There’s something alluring about traveling in the rainy season, when the forest becomes green and provides a sanctuary from the heat.

It’s called Ang Ka, which means Crow Pond in Thai, since many crows come to bathe here. With its swamp ecosystem, the trail is home to more than 490 different species of bird, as well as rare plants and wildlife, including sphagnum moss and stunning red rhododendron, which serves as a food source for the green-tailed sunbird, ashy-throated warbler, Doi Inthanon frog and Himalayan newt. Continued …

Unmissable things to do in Pattaya

Few places in Southeast Asia have taken to tourism as quickly as Pattaya. It used to be a small fishing village until the early 1960s, when American servicemen found the community and kept coming back. By the 1980s, nightclubs, resorts and apartment complexes had sprung up to cater for growing numbers of travelers.

Today, you’ll find everything that makes Thailand so special — the loud and the quiet, side by side. Some of the best things to do in Pattaya take you to temples, stages, beach towels, the saddle of a jet ski, and a floating market. Continued …

Loei gears up for Phi Ta Khon Festival

The town of Dan Sai in Loei will host the annual Bun Luang and Phi Ta Khon Festival from July 7-9. Influenced by a Buddhist folktale, the celebration will transport worshipers back in time to when Prince Vessandorn, one of Buddha’s past lives, returned to the palace after meditation. People came out to greet him at the entrance as spirits had accompanied him from the forest to the city.

On the first day, the Phra Upakhut procession will head from Wat Phon Chai to the Mun River to collect white stones from the riverbed, and villagers will participate in an alms-giving ceremony. Continued …

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