Tag Archives: thai gdp

Thursday’s news-Nov 9

Today’s news: El Nino to last until April/This year warmest in 125,000 years/Severe weather alert/High PM2.5 levels in Bangkok/Mobile banking systems safe and secure/Germany ‘keen on land bridge’/Toxic waste at garbage recycling plant/The city reshapes us/Economy: Analysts consider deflation risks/Fiscal deterioration risk rising/IMF sees Thai GDP growth at 3.6% next year/Carabao-Red Sun challenges Thai beer titans/Chinese carmaker breaks ground/AMCHAM, BoT, and BOI: A unified effort/Tourism: Economic hurdles hamper tourist recovery/Airports prepare for visa-free policy/New southern airport terminal/Thailand Experience: All You Need To Know About Loy Krathong Festival/Eco-damage from Loy Krathong plastic/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


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El Nino to last until April 2024, pushing record temperatures

The ongoing El Nino weather pattern is set to last until at least April 2024, the World Meteorological Organization (WMO) said on Wednesday, pushing up temperatures in a year already on track to be the warmest on record.

The WMO said there was a 90% likelihood that the naturally occurring event will continue through the northern hemisphere winter, following a similar projection last month from a U.S. government forecaster. Continued …

This year ‘virtually certain’ to be warmest in 125,000 years: scientists

This year is “virtually certain” to be the warmest in 125,000 years, European Union scientists said Wednesday, after data showed last month was the world’s hottest October.

Last month smashed through the previous October temperature record, from 2019, by a massive margin, the EU’s Copernicus Climate Change Service said. Continued …

Severe weather alert for 41 provinces

The Thailand Meteorological Department (TMD) issued a severe weather warning for today, with thunderstorms predicted to affect 41 provinces across the country, including Bangkok, where heavy rainfall is expected in 60% of the area. Citizens are advised to take precautions against potential hazards.

The weather forecast for the next 24 hours indicates that a high-pressure area or cold air mass is currently covering upper Thailand and the South China Sea, resulting in fog during the morning hours. Meanwhile, an easterly wind wave is moving over the lower central region, the eastern region, the Gulf of Thailand, and the southern region. Continued …

BMA cautions Bangkok residents of high PM2.5 levels

Bangkok residents should beware of harmful levels of PM2.5 from Nov. 9-12, the city administration cautioned on Wednesday.

The assistant secretary to the Bangkok governor and Bangkok Metropolitan Administration (BMA) spokesman, Aekvarunyoo Amrapala, said that due to co-related factors and the weather, air quality was expected to be poor from Nov. 9-12. Continued …

Bankers: Mobile banking systems of all banks are safe and secure

The Thai Bankers Assn. (TBA) has offered an assurance that their mobile banking applications are secure and safe.

This assurance was in response to news of the arrest of a programmer, who claimed to have developed software that can transfer money and unlock facial-recognition features within banking applications, making it possible to bypass biometric scanning and transfer amounts exceeding 50,000 baht through the software. Continued …

Germany ‘keen on land bridge’

Germany has shown a keen interest in Thailand’s land bridge megaproject and has invited the government to conduct a roadshow in Germany to woo investors, Transport Minister Suriya Jungrungreangkit said on Wednesday. Continued …

13,000 tons of toxic waste found at garbage recycling plant

Environmental justice finally prevailed for a community in Ratchaburi province that has suffered from the environmental impacts of garbage recycling for almost two decades.

On Monday, waste disposal trucks hired by the Department of Industrial Works (DIW) finally entered the Wax Garbage Recycle Center to start collecting over 13,000 tons of toxic waste from within the recycling plant to have it properly disposed of. Continued … 

We build the city and the city reshapes us

Whether we are facing poverty, poor health, or recurring feelings of frustration and anger, your challenge, in part, could be attributed to the city we call home. Conversely, the city itself can contribute to our prosperity, physical well-being, and even our mental health.

We here use Bangkok as an illustrative example to explore these topics, but the development of cities worldwide often mirrors the real-world challenges that emerge. Continued …

Analysts consider deflation risks

Analysts are expressing concerns about Thailand’s first year-on-year decline in inflation in 25 months, saying the dip in the consumer price index (CPI) reflects growing risks of an economic slowdown and deflation.

BofA Securities, previously known as Bank of America Merrill Lynch, said the October inflation figure marked the first year-on-year decline since August 2021, “falling well below the consensus forecast of a 0.05%” increase. Continued …

Thai fiscal deterioration risk rising, says BMI research report

Prime Minister Srettha Thavisin has announced several populist policies in a bid to increase real GDP growth and unveiled an expansionary budget of 3.48 trillion baht for 2024.

While full details of the budget have not yet been revealed, we have revised our budget deficit forecast to 3.6% of GDP in fiscal 2024, which ends on Sept. 30 next year. Continued …

IMF sees Thai GDP growth at 2.7% this year, 3.6% next year

Thailand’s economy is projected to grow 2.7% this year and 3.6% next year, amid a highly uncertain global environment, the International Monetary Fund (IMF) said on Wednesday.

The 2024 outlook was higher than the 3.2% forecast in mid-October, driven by improvements in external demand and continued solid growth in private consumption, the IMF said in a statement after a staff visit to Southeast Asia’s second largest economy. Continued …

Carabao-Red Sun hops into the ring to challenge Thai beer titans Singha and Chang

 

The beer market in Thailand has been invigorated by the introduction of a new player, Carabao-Red Sun, which aims to challenge renowned beer brands, Singha and Chang.

The new entrant comes from the Carabao Group, led by Sathien Setthasit, and has already been launched across Thailand via Modern Trade stores. This new contender to the 2.6-hundred-billion baht beer market is set to bring a fresh experience for beer lovers as the year ends. Continued …

Chinese carmaker Changan breaks ground for 1st plant in Thailand

China’s leading automaker Changan held a groundbreaking ceremony on Wednesday for its first car plant in Thailand, marking a major step to expand its footprint in Southeast Asia.

The new manufacturing facility, spanning approximately 600 acres, is located in the Eastern Economic Corridor Special Zone in coastal Rayong province and will include painting, assembly, engine assembly, and battery assembly units, as well as essential supporting facilities. Continued …

AMCHAM, BoT, and BOI: A unified effort to foster a foreign investor ecosystem

The American Chamber of Commerce in Thailand (AMCHAM) collaborated with the Board of Trade of Thailand (BoT) and the Board of Investment (BOI) to host a dinner talk titled “Is Thailand Ready to Attract Foreign Investment in 2024?”

This event showcased AMCHAM, BoT and BOI as valuable resources for investors and key facilitators in the foreign investment ecosystem. The interactive discussion revolved around the future of foreign direct investment (FDI) in Thailand, along with challenges and opportunities. Continued …

Economic hurdles hamper Thailand’s tourist market recovery

Tourism operators have indicated that economic challenges are hindering the recovery of tourist markets from China, Taiwan, and India, despite Thailand’s recent introduction of visa exemptions.

These exemptions, implemented for Chinese visitors since Sept. 25, have had limited effect due to perceptions of Thailand as unsafe and China’s sluggish economic growth, according to Thanet Supornsahasrungsi, ex-president of the Chon Buri Tourism Council and group executive director of Sunshine Hotels and Resorts. Furthermore, the slow restoration of flight services has negatively impacted outbound travel to Thailand. Continued …

Airports prepare to implement visa-free policy

The government has set up a command center to welcome tourists from India and Taiwan under the visa-free entry policy that will begin on Friday.

Various agencies have been instructed to contribute in any way they can to reduce expected overcrowding at Don Mueang airport and Suvarnabhumi airport as the high season approaches. Continued …

New terminal set to transform travel to southern Thailand airport

Nakhon Si Thammarat International Airport in southern Thailand is set to open its new $40 million international terminal next month.

The new eight-gate facility covers 30,000sqm and is said to boast state-of-the-art facilities that will boost the airport’s capacity to four million passengers per annum. Continued …

All You Need To Know About Thailand’s Loy Krathong Festival

Thailand is renowned for its diverse range of festivals, commemorating occasions such as the new year, new moon or the start of a harvest. However, Loy Krathong stands out as one of the most significant celebrations.

It is a national festival observed during the full moon of the 12th month in the traditional Thai lunar calendar. In the modern Gregorian calendar, this event usually falls in November, although the exact date varies yearly. Continued …

Backlash grows over eco-damage from Loy Krathong plastic

Voices on social media are being raised to advocate for refraining from floating “sea lanterns” during Loy Krathong on Nov. 27 this year.

With the goal of reducing waste and environmental harm, prominent environmental social pages are actively sharing the message from various perspectives. Continued …

10 strange food etiquettes around the world

In China, always leave a little food to indicate the host that their lunch was filling and enjoyable. In Thailand, don’t put food in your mouth using a fork. Continued …

UN: Fossil fuel-producing nations’ plans threaten climate goals

Plans to expand oil, gas and coal production by major fossil fuel countries would push the world far beyond agreed global warming limits and are “throwing humanity’s future into question”, the UN warned Wednesday. Continued …

Hua Hin-Suvarnabhumi bus schedule

  • Leaving Hua Hin: 6am, 8am, 10am, 11am, 12:00, 2pm, 4pm, 5:10pm, and 6pm
  • Leaving Suvarnabhumi: 7:30am, 9:30am, 10:30am, 12:00, 1pm, 2:30pm, 4pm, 5pm, and 6:30pm

The one-way fare is 325 baht.

The VIP bus service from Hua Hin to Suvarnabhumi Airport has a new Cha Am boarding location in front of Government Savings Bank.

Hua Hin-Pattaya bus service twice a day

Hua Hin now has once-daily bus service to Pattaya, leaving Hua Hin at 9am and departing from Pattaya at 8am. Tickets are 473 THB.

Tickets can be bought in person at the Hua Hin bus station or online. Buses depart from the Hua Hin bus station and in front of Government Savings Bank, Cha Am.. Tickets 

Hua Hin-Chiang Mai flight schedule

 

90-day online reporting

Emergency hotline numbers:

  • Emergency hotline – 191
  • Emergency medical services – 1554
  • Water accident – 1196
  • Motorway hotline – 1586
  • Emergency medical – 1669
  • Highway police – 1193
  • Tourist police – 1155
  • Bus ticket – 1490