Tag Archives: thailand credit rating

Friday’s news-June 19

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  • Hyatt opens The Barai Hua Hin/Petrol and gasohol prices cut/Some of Bangkok’s highway system/630,000 treated for cancer
  • THE IRAN WAR: Thailand assesses economic impacts/What are risks to Thailand?/Business sector welcomes Iran pact/Minister warns of energy risks/First tankers cross Strait of Hormuz
  • ECONOMY: v declined/Parliament passes new trade deals/Financial hub scheme/Thailand 26th in competitiveness/Thailand credit rating at BBB+/Branded residences take off/Co-pay scheme fuels food delivery/Instagram seen as new force/Swedish Plastics Producer in Thailand
  • TOURISM: Travel is reorganizing/Levy for tourists to Koh Samui/Vietnam tourism rise challenges Thailand/Thai railway tourism to offer food/Countries Are Changing Visa Policies
  • CLIMATE THAILAND: New EV Insurance Challenge
  • INTERNATIONAL/HUA HIN TRANSPORT and LINKS 

Hyatt Welcomes Its First Hotel In Thailand, The Barai Hua Hin

Hyatt Hotels Corp. has announced the opening of The Barai Hua Hin, marking the debut of The Unbound Collection by Hyatt brand in Thailand. Set along the historic Khao Takiap coastline in Hua Hin, the 98-room beachfront resort brings together wellness tradition, locally inspired design, and the spirit of Sanook – the Thai expression for the joy of living.

The Barai Hua Hin first opened as a spa 20 years ago, earning a reputation for fusing Thai healing traditions with modern Western wellness. Now expanded into a boutique resort, the reimagined property offers a restorative sanctuary grounded in classic Thai hospitality. Continued … 

Petrol and gasohol prices cut by 1.50 baht per liter, diesel down 1.30 baht

Thailand’s major fuel retailers have adjusted pump prices after announcing reductions across petrol and diesel categories. The changes, made by PTT Oil and Retail Business (OR) and Bangchak Corp., came into effect this morning.

According to the announcement, petrol and gasohol prices were reduced by 1.50 baht per liter, while diesel prices were cut by 1.30 baht per liter. Continued … 

Amazing! Just some of Bangkok’s highway system

630,000 treated for cancer under universal healthcare

More than 630,000 cancer patients received treatment under Thailand’s universal healthcare scheme in the 2025 fiscal year, with breast cancer remaining the most common cancer among women and colorectal cancer topping the list among men.

Of the 633,866 cancer patients treated during the fiscal year that ended on Sept. 30 last year, 247,608, or 39.1%, were newly diagnosed cases, said Dr. Jadej Thammatacharee, secretary-general of the National Health Security Office (NHSO). Continued … 

Thailand assesses economic impacts of US-Iran 60-day peace talks

The wait is over as the US and Iranian presidents signed a memorandum of understanding, which both sides announced takes immediate effect. They now have 60 days to negotiate a peace agreement.

Analysts view Iran as holding the upper hand, while the US has not achieved the goals it declared before the strikes. CNBC reported that US President Donald Trump and Iranian President Masoud Pezeshkian signed the memorandum of understanding (MOU) digitally on Wednesday. Continued … 

What are risks to Thailand after US-Iran deal signed

Dr. Areeporn Asawinpongphan of the Thailand Development Research Institute warns that Thailand should not be overly optimistic about the peace deal between the U.S. and Iran, as any renewed conflict could pose risks to the Thai economy. Video … 

Business sector welcomes Iran pact

Businesses and economists took a deep breath after the US and Iran signed off on a deal to end their war and reopen the Strait of Hormuz, lifting optimism as oil prices fell, which could ease inflation and support potential economic growth.

Tanit Sorat, chairman of the National Labor Development Advisory Council, hailed the signing after more than three months of war rattling energy markets and spiking inflation. Continued … 

Minister warns of energy risks despite US-Iran deal

Thailand has welcomed the ceasefire framework between the United States and Iran but warned that global energy markets could remain under pressure despite an easing of tensions in the Middle East.

Finance Minister Ekniti Nitithanprapas said the government was closely monitoring developments, noting that while the agreement could improve investor confidence and support economic stability, damage to oil and natural gas infrastructure in the region would continue to pose risks to energy supplies. Continued … 

First tankers cross Strait of Hormuz, Israeli strikes in Lebanon fuel doubt

Oil tankers have begun crossing the Strait of Hormuz again following a newly signed US–Iran agreement aimed at easing a war that has disrupted global energy flows.

Shipping data showed multiple large crude carriers moving through the strategic waterway yesterday, marking the first significant return of maritime traffic since the deal came into effect. The agreement has allowed for the reopening of the route, which carries a substantial share of global oil shipments. Continued … 

Thai tap water is not drinking water quality. Many components in tap water, such as limescale or microbiological impurities, cannot be seen with the naked eye. Nevertheless, they affect the entire water supply and ultimately also the wholesomeness and taste of the water. Water purifier systems are indispensable to improve the quality of life. Thanks to the innovative technology of our water filter systems, it is possible to turn conventional tap water into high-quality drinking water.

Average Thai household income declined in 2025

Thailand’s average household income declined in 2025, while lower-income households increasingly relied on financial assistance, according to several research institutions.

The latest study by SCB EIC, a research center under Siam Commercial Bank, reveals that the average household income in 2025 stood at 28,308 baht per month, a 2.5% decrease from the previous surveyed figure of 29,030 baht in 2023. Continued … 

Parliament passes new trade deals

Parliament has approved five major international trade agreements, paving the way for Thailand to expand market access in Europe and South Asia.

Following debate, lawmakers approved the package, which includes the Thailand–European Free Trade Association (EFTA) Free Trade Agreement, the Thailand–Bhutan Free Trade Agreement, upgrades to the ASEAN–China Free Trade Area (ACFTA) and the ASEAN Trade in Goods Agreement (ATIGA), and Thailand’s accession to the WTO Agreement on Fisheries Subsidies. Continued … 

Financial hub scheme still a priority

The government remains committed to turning Thailand into a financial hub, says the chief of the Fiscal Policy Office (FPO).

According to Vinit Visessuvanapoom, director-general of the FPO, the draft Financial Hub Act, which was prepared during the previous administration but was not considered by the House of Representatives, has been returned for further review. Continued … 

Thailand rises to 26th in competitiveness ranking

Thailand has climbed four places to 26th out of 70 economies in the IMD World Competitiveness Ranking 2026, but the improvement masks deeper structural weaknesses in productivity, education, technology, and governance, while Vietnam’s debut at 27th place puts fresh pressure on Thailand to accelerate reforms.

The Thailand Management Assn., or TMA, through its Center for Competitiveness, said the latest ranking by the World Competitiveness Center under Switzerland’s International Institute for Management Development reflected an improvement in Thailand’s business sector and infrastructure. Continued … 

Palapon Kitchen is the culinary part of Camp Palapon. For over 17 years, our camp has helped people hit their health and fitness goals. Now, we are offering our specialized, calorie-controlled meal prep directly to the Hua Hin community! What We Offer: Clean & Convenient: Calorie-controlled meals (1,400 / 1,600 / 2,000 kcal) fresh prepared. Never frozen. Great Variety: Our meals are prepared fresh weekly (never frozen) and combine Mediterranean-style meals with healthy Thai dishes, designed for weight loss, fitness, and healthier everyday eating.

S&P keeps Thailand credit rating at BBB+

S&P Global Ratings has affirmed Thailand’s sovereign credit rating at BBB+ with a stable outlook, citing continued economic recovery and resilient external fundamentals.

Jindarat Viriyataveekul, director of the Public Debt Management Office, said yesterday S&P’s latest review projected Thailand’s real GDP growth at 2.0% in 2026, reflecting pressure from volatility in global energy markets that continues to weigh on domestic economic activity. Continued … 

Branded residences take off in Thailand

While Vietnam has surpassed Thailand as Asia’s most valuable branded residence market, Thailand still leads its peer with the largest launch of luxury development, according to hospitality consultancy C9 Hotelworks.

Bill Barnett, managing director of C9 Hotelworks, said Vietnam has been growing at a rapid pace, particularly in the mass market segment, as the country is still in the early stages of branded residences. Continued … 

State co-pay scheme fuels food delivery growth

Quick meals, noodles, and coffee or tea are among the top orders via food delivery platforms under the “Thai Chuay Thai Plus” state co-payment scheme. As of June 17, spending via food delivery platforms tallied 272 million baht.

According to Line Man Wongnai, more than 300,000 users who participated in the scheme redeemed benefits on Line Man on June 15 — the first day the platform offered the scheme. Continued … 

Instagram seen as new force for digital commerce in Thailand

Meta has positioned Instagram as a driver of Thai digital economic growth, highlighting the platform’s growing influence in commerce, creator monetization, and cultural engagement as businesses increasingly seek new avenues for expansion.

Instagram reaches 80% of Thailand’s Gen Z population, while also attracting more than half of users across the Millennial, Gen X, and Baby Boomer demographics, creating a broad, high-value audience for advertisers and content creators. Continued … 

Swedish Plastics Producer Establishes First Factory in Thailand

Swedish plastics manufacturer Polykemi has taken a major step into Southeast Asia by securing land for its first production facility in Thailand. The company signed a land purchase agreement with Amata City Rayong at the Amata City Rayong Industrial Estate, located in Thailand’s Eastern Economic Corridor (EEC).

Founded in Ystad, Sweden, Polykemi is one of Europe’s largest independent producers of customized plastic compounds. The company currently operates production facilities in Sweden, China, and the United States, alongside a network of sales offices across Europe. Continued … 

Travel is reorganizing along ‘paths of least resistance’

The ideal the travel industry dreamt about – the global traveler – the passport-holding, visa-free, frictionlessly mobile citizen of the world – is less real today than it’s ever been, said Michael Dykes, vice president, market management, Expedia Group. The past few years, he argued, have seen the accumulation of barriers growing around the movement of people, capital, and goods.

He pointed to the evidence, which is visible everywhere. Airline corridors connecting Asia and Europe have been disrupted by conflict. Visa wait times for the United States stretch to hours. Immigration counters are becoming more intrusive. Thailand has reduced visa duration. Some countries have been cut off from global payment systems. Continued … 

Minister proposes levy for tourists traveling to Koh Samui

A taxi murder linked to an influential transport group and the death of Australian sprint star Jemma Stapleton have placed Koh Samui under an uncomfortable spotlight, drawing attention to concerns over criminal influence, road safety, and aging infrastructure on one of Thailand’s most valuable tourism destinations.

Following a high-level visit this week, Tourism and Sports Minister Surasak Phancharoenworakul unveiled a proposed tourist levy, a crackdown on mafia-style activity, stricter enforcement measure,s and a new “Koh Samui model” designed to improve safety, lift standards, and fund long-delayed infrastructure upgrades across the island that are overdue. Continued … 

Vietnam tourism rise challenges Thailand and quality goals

Vietnam is no longer being viewed only as Asia’s “manufacturing base”. It is becoming one of Southeast Asia’s most closely watched tourism destinations, especially after foreign visitor numbers rebounded rapidly following COVID-19 and began moving closer to leading tourism markets such as Thailand.

Fortune magazine reported that Vietnam received more than 21 million foreign visitors in 2025, up by about 20% from the previous year. Crucially, Vietnam has already overtaken Thailand in the Chinese tourist market, with 5.3 million Chinese visitors compared with around 4.5 million to Thailand. Continued … 

Thai railway tourism to offer OTOP products and local food to passengers

Thailand is preparing to improve railway tourism by adopting elements of Japan’s community-based tourism model, including the sale of local food and OTOP products on tourism train services.

The initiative was discussed during the 3rd Thailand-Japan Railway Workshop on June 17, when the Department of Rail Transport (DRT) welcomed Okuda Tetsuya, president of the Japan Transport and Tourism Research Institute ASEAN-India Regional Office (JTTRI-AIRO). Continued …

Countries Are Changing Visa Policies, What It Means for Digital Nomads

Thailand welcomes 33 to 35 million international tourists annually. In 2024, Thailand changed its visa policy, allowing visitors from 93 countries to stay for 60 days without needing to apply for a visa in advance.

The 60-day visa exemption made it easier for digital nomads, nomadic founders, and business leaders to come to Thailand and stay for longer periods without the complication of applying for a visa in advance. Now, however, the country is reversing course. Continued … 

Thailand’s EV Transition and the New Insurance Challenge

As global oil volatility continues to push transportation costs higher, more Thai consumers are turning to battery electric vehicles (BEVs) as a practical hedge against unpredictable long-term running costs. The shift is already visible across the market.

Thailand’s EV market grew by 80% in 2025, surpassing 120,000 registrations, while the Bangkok International Motor Show 2026 recorded an all-time high of more than 132,951 vehicle bookings, driven largely by strong EV demand and changing consumer preferences toward value, technology, and cost efficiency. Continued …

Ukraine sets Moscow refinery ablaze in biggest attack in years

Ukraine yesterday launched its largest drone attack on Moscow in years, sparking fires, hitting a major oil refinery, and forcing evacuations at the country’s largest airport. At least 17 people were wounded in the strikes, which also set a shopping center and apartment building ablaze, authorities said. Continued … 

Social media overtakes news websites as AI reshapes global media

The Digital News Report 2026, which surveyed news consumers in 48 countries, found that 54% of respondents used social media and video platforms for news, compared with 51% who accessed news through the websites and apps of news organisations. This marks the first time that external platforms have become more popular than digital channels directly owned by news outlets. Continued … 

Hua Hin Links and Transport

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

Tuesday’s News-July 11

  • Pak Nam Pran to host Allianz Ayudhya World Run Nov 26/
  • Outgoing Thai PM found guilty of neglect of duty over PM2.5 pollution/
  • Expect heavy rain in 42 provinces including Bangkok/
  • El Nino will expose Thailand’s lack of defense against climate change/
  • Thailand braces for 150,000 dengue fever cases/
  • Missing German Businessman Hans Peter Mack Found Dismembered in Freezer/
  • Overpass Bridge in Bangkok Collapses, Multiple Fatalities and Injuries Reported/
  • Survey shows progress in adolescent births, worrying trends in education, child development/
  • University sets its sights on tackling Thailand’s food waste problem/
  • Economy: Thailand’s foreign direct investment skyrockets with focus on EV industry/Fitch affirms Thailand’s sovereign credit rating at BBB+/PTT puts renewable strategy into overdrive/How small businesses in Thailand can thrive with the rise of Web3 technologies/Thai rice exports poised to hit 9 million tons amid climate anxieties/
  • International: Myanmar crisis to dominate ASEAN meeting/Turkey gives green light to Swedish NATO membership bid/Germany sends troops to Australia as Berlin shifts focus to Indo-Pacific/
  • 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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Pak Nam Pran to host Allianz Ayudhya World Run Thailand Series Nov 26

The Allianz Ayudhya World Run Thailand Series 2023 will be held near Hua Hin in November and registration is now open.

The event takes place over two days, with a mini-concert and bib collection taking place on Nov. 25 ahead of the actual race on Nov. 26. The run will see participants compete over distances of 10km or 21.1km. Continued …

Outgoing Thai PM found guilty of neglect of duty over PM2.5 pollution

The Chiang Mai Administrative Court ruled against the prime minister and the National Environmental Board yesterday for neglecting their duty to deal with the annual dense smog in Chiang Mai.

Both defendants were found to have ignored their duties as stipulated in the Enhancement and Conservation of National Environmental Quality Act, B.E. 2535 (1992). Continued …

Expect heavy rain in 42 provinces including Bangkok

The Thai Department of Meteorology has alerted residents in 42 provinces to expect heavy rainfalls, including in the capital, Bangkok, with 70% of the southern region particularly affected. Citizens are cautioned to take necessary precautions to avoid potential hazards.

This 24-hour forecast, valid from 6am today to 6am tomorrow, is due to a southwest monsoon prevailing across the Andaman Sea, Thailand, and the Gulf of Thailand. Continued …

El Nino will expose Thailand’s lack of defense against climate change

Although the rainy season has begun in Thailand, the threat of prolonged drought and water shortages is hovering on the horizon because of El Nino.

The U.S. National Oceanic and Atmospheric Administration (NOAA), which monitors sea temperatures at over 200 locations, forecasts that El Nino – a change in the weather system that increases global temperatures – will drag on from now until at least February next year. Continued …

Thailand braces for 150,000 dengue fever cases

Health authorities in Thailand issued a warning about a potentially significant outbreak of dengue fever in the country. Predicted figures from the Department of Disease Control (DDC) suggest that up to 150,000 instances of infection may occur by year-end.

Opas Karnkawinpong, the permanent secretary for public health, yesterday confirmed that this year has already seen a significant rise in dengue cases, with numbers exceeding 30,000 and resulting in 33 fatalities. Dr. Opas was speaking at a seminar titled “Dengue: Effective Action for Treatment and Prevention,” held at Rajavithi Hospital. Continued …

Missing German Businessman Hans Peter Mack Found Dismembered in Freezer

The body of missing German businessman Hans Peter Mack, 62, was found in a rental home in Pattaya last evening and was confirmed early this morning, around 12:30 AM by Banglamung officials.

Mack’s body was found in a large freezer in a rental home in the Chokchai Garden Home 1 Village in Pattaya, which police targeted following reviewing leads they had been investigating throughout the last 24 hours and CCTV that showed the freezer being transported in a black pickup truck by what appeared to be foreign nationals. Continued …

Overpass Bridge in Bangkok Collapses, Multiple Fatalities and Injuries Reported

An under-construction overpass bridge located at the On Nut-Lat Krabang Road in Bangkok collapsed near dusk yesterday evening, killing at least two people and injuring eight more.

Wisanu Subsompol, deputy governor of Bangkok, said the under-construction bridge appeared to have flipped over while significant traffic was in the area under the bridge construction. Continued …

Survey shows progress in adolescent births, worrying trends in education, child development

The largest national survey on the situation of children and women in Thailand, released on Monday by the National Statistical Office (NSO) and UNICEF, shows improvement in many areas, such as breastfeeding, adolescent birth rates and less violent discipline used against children at home.

However, it also reveals worrying trends in early childhood development, education, nutrition, and child marriage. Continued …

University sets its sights on tackling Thailand’s food waste problem

With food waste in Thailand continuing to increase due to excessive sales and over-purchasing, Thammasat University has stepped in with a plan to counter the climate-damaging methane gases polluting the atmosphere from decomposing organic matter in landfills.

According to Dr. Racha Thepsorn, lecturer at the university’s Department of Science and Technology, the food waste situation is becoming more severe, with Thailand generating 17 million tons of food waste in 2022 alone. Continued …

Thailand’s foreign direct investment skyrockets with focus on EV industry

Investment attraction to Thailand has seen a remarkable surge in the first half of this year. The nation registered a 70% year-on-year increase to an impressive 364 billion baht, according to the Board of Investment (BoI).

This boost, particularly contributed by an astonishing 141% soar in foreign direct investment, serves as a testament to Thailand’s status as a preferred manufacturing hub for international firms. Continued … 

Fitch affirms Thailand’s sovereign credit rating at BBB+

Fitch Ratings has affirmed Thailand’s sovereign credit rating at BBB+ with a stable outlook, citing external strengths, GDP growth and recovery of the tourism sector as the key rating factors, while also pointing out structural constraints.

Thailand’s ratings balance its strong external finances and sound macroeconomic policy framework against weaker structural features, such as lower per capita income and World Bank governance scores, compared with its BBB category peers, the report noted. While ongoing political uncertainty weighs on Thailand’s credit profile, this may be partially alleviated in the near term after the Thai parliament agrees on a new prime minister. Continued …

PTT puts renewable strategy into overdrive

National oil and gas conglomerate PTT Plc is stepping up efforts to use more renewable power and further develop its hydrogen fuel business, part of a move to grow the company in a sustainable manner.

PTT’s current plan is to produce 12 gigawatts of electricity from renewable sources and limit power generation from fossil fuels to 8GW by 2030, but this target will be upgraded to better reflect the company’s clean energy campaign, said Cherdchai Boonchoochauy, senior executive vice-president for innovation and new ventures. Continued …

How small businesses in Thailand can thrive with the rise of Web3 technologies

The Internet has radically changed over the past 30 years, becoming increasingly visual and massive. As we approach the next generation of the Internet, known as Web3, iStock a leading ecommerce platform, revealed new research to help SMBs and SMEs in Thailand navigate the impact new technologies are having on people across the globe, especially as consumers continue to prioritize their personal well-being.

According to iStock’s visual research platform, VisualGPS, over the past year, people in Thailand and the rest of Southeast Asia are placing greater focus on regaining more balance and control in their lives, with 64% (versus 54% globally) expressing that a successful life is one which my physical, mental and emotional needs are being met. Continued …

Thai rice exports poised to hit 9 million tons amid climate anxieties

Thailand stands on the cusp of a hugely promising year in terms of rice exportation, which, forecasts suggest, could reach up to 9 million tons. Making the most of a climate-induced market fervor, the Thai industry anticipates shipping masses of what is an integral commodity to many.

The increase in demand is believed to be rooted in anxieties about the potential fallout of the El Niño weather phenomenon. Continued … 

Myanmar crisis to dominate ASEAN meeting

Foreign ministers of the Association of Southeast Asian Nations (ASEAN) met in Indonesia today, with Myanmar’s deadlocked political crisis expected to dominate discussions. Continued …

Turkey gives green light to Swedish NATO membership bid

Turkish President Tayyip Erdogan on Monday agreed to forward to parliament Sweden’s bid to join the NATO military alliance, appearing to end months of drama over an issue that had strained the bloc as war has raged in Ukraine. Continued …

Germany sends troops to Australia as Berlin shifts focus to Indo-Pacific

Germany will, for the first time, send troops to Australia for joint drills with some 30,000 service members from 12 other nations, underlining Berlin’s increased focus on the Indo-Pacific amid rising tensions with China in the region. Continued …

UPDATED! 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.

UPDATED! 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-Chaing Mai flight schedule through October

Book a flight

 

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  • Emergency medical services – 1554
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