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Thursday’s news-Aug 15

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Kingdom plunged into political turmoil/Chaikasem to be Nominated/Tycoon to Toppled PM/Fake Thai monk arrested in Hua Hin/New Cha Am beach resort/Nordic event in Hua Hin/Baht appreciates to below 35/Australian retired in Thailand/Evolution of cancer treatment/Blood donation saves Aussie/Chiang Mai bus driver condemned/Bangkok second most expensive city/Mae Sai River bursts banks/Hunt for Chinese gang/Three die in family toilet/Toxic waste ships banned/Risky video from train/Blackpink’s Lisa ‘Super Excited’/Economy: Fate of digital wallet unclear/Pheu Thai Pushes On with Casino Legalization/Private sector hopes for new PM soon/Incentive package for EEC/Regulations on foreign businesses/Thailand’s Data Center Landscape/Cheaper Chinese farm produce/CP Foods Profit Surges/GMM Music partners with Warner Music Asia/Tourism: 400 resorts face closure/Secondary province hotels need staff/Three-star hotels face woes/Thailand Experience: Travel Insurance for Thailand/Most temples in Thailand/Discovering Chachoengsao/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

Kingdom plunged into political turmoil as PM Srettha is removed from office

Thailand was plunged into crisis on Wednesday afternoon when the Constitutional Court removed Prime Minister Srettha Thavisin. In effect, the move also collapsed the current coalition government.

The Constitutional Court on Wednesday, in a majority 5-4 decision, declared an end to Srettha Thavisin’s tenure as prime minister. In effect, Thailand’s government has now also been struck down. The decision will likely spark a political and constitutional crisis. Continued …

Chaikasem to be Nominated as New Thai PM

Chaikasem Nitisiri, a former justice minister and senior figure in the Pheu Thai Party, is expected to be nominated as the new prime minister of Thailand. This comes after the unexpected dismissal of Srettha Thavisin by the Constitutional Court for ethical breaches.

Sources indicate that House Speaker Wan Muhamad Noor Matha has scheduled a special House meeting on Friday to vote on Chaikasem’s nomination. The decision to nominate Chaikasem was reportedly taken during an urgent meeting held at the residence of former Prime Minister Thaksin Shinawatra, who holds significant influence within the Pheu Thai Party. Key figures from the coalition parties attended this meeting. Continued …

Tycoon to Toppled PM: Srettha Thavisin’s Tumultuous Tenure in Thailand

Once a high-flying real estate tycoon, Srettha Thavisin swiftly ascended to Thailand’s prime ministership, only to face a dramatic downfall within a year.

Srettha emerged from a background in luxury real estate to become Thailand’s 30th prime minister. He served as CEO of Sansiri, a major property development company, before resigning in 2022 to enter politics. Continued …

Fake Thai monk arrested after trying to deceive police in Hua Hin

A fake Thai monk was arrested yesterday after visiting Hua Hin Police Station in the southern province of Prachuap Khiri Khan and attempting to deceive officers.

The fake monk arrived at the police station at around 4pm Tuesday, and asked officers to donate to a monastery in the Sam Roi Yot district of Prachuap Khiri Khan. Wichai claimed that the money would support the construction of a new bathroom and cover the electricity costs at the monastery. Continued …

New Cha Am beach resort to open in October

The Aviyana Hua Hin, the newest resort along Thailand’s picturesque Cha Am coastline, will make its debut on Oct. 1. Nestled on 9 rai (140,000 sq ft) of beachfront, Aviyana Hua Hin is just steps away from its private 100-meter beach.

The resort features panoramic views of rolling hills and white-sand shores. Continued …

Nordic Sauna and Padel event in Hua Hin

Thai-Finnish Chamber of Commerce iwill hold a Nordic Sauna and Padel Weekend in Hua Hin Aug. 31 to Sept. 1.

There will be multiple activities, such as playing padel, golf or Finnish sauna and spa if you are more into the relaxing activities. For dinner they will host a BBQ. Continued …

Email link: sivanavillas@gmail.com

Baht appreciates to below 35 per dollar

The baht appreciated to below 35 per U.S. dollar, driven by a weakening greenback as the market expects a Federal Reserve rate cut following the release of recent U.S. economic data. On Wednesday the baht opened at 35.03 per dollar, strengthening from Tuesday’s close of 35.16.

The local currency continued to gain, reaching 34.88 baht per dollar during morning trade, the highest level in seven months, surpassing the January range of 34.96-34.98 baht per dollar, said Kanjana Chockpisansin, head of research for banking and financial sectors at Kasikorn Research Center (K-Research). Continued …

Australian boomer retired in Thailand on an $18,000 annual pension

John Walker’s studio apartment in Chiang Mai isn’t much bigger than a hotel room, but it has everything he needs: air conditioning, basic kitchen appliances, and proximity to his favorite Mexican restaurant — all for less than $200 a month in rent.

The 73-year-old moved to Thailand from Western Australia in 2019. A lifelong traveler, Walker liked the idea of living somewhere new, and was drawn to Chiang Mai’s beautiful temples and mild climate when he first traveled there in the early 2010s. Continued …

The evolution of cancer treatment: Ancient to modern

Cancer has been a persistent foe throughout recorded human history, leaving its mark on ancient fossils, Egyptian mummies, and historical texts. New research sheds light on the development of cancer treatment from ancient civilisations to modern therapies.

This evolution highlights medical science’s progress and underscores the vital importance of personalized care and empathy in contemporary oncology. Continued …

Blood donation miracle saves Aussie FIFO worker in Thailand

An Australian FIFO worker has been granted a lifeline after a near-fatal car crash in Thailand. Through the selfless acts of expat Aussies, he received thesix pints of a rare blood type needed to survive.

James Lothian, a 41-year-old from Perth, was enjoying a break from work in Chon Buri, with his wife and five-year-old son when tragedy struck in March. A devastating car crash left him with catastrophic injuries, plunging him into a five-month-long battle for his life in intensive care. Continued …

Chiang Mai baht bus driver condemned for kicking locals off for foreigners

A Thai woman took to social media to condemn the wrongful behavior of a baht bus driver in Chiang Mai after the driver kicked her off the vehicle to accommodate a group of foreigners. However, the foreigners declined the driver’s service.

The 63-year-old victim, shared the baht bus incident online, with a caption that read, “Everyone should definitely avoid this red baht bus. The driver kicked me off mid-journey to pick up foreigners, hoping to get more money from them.” Continued …

Bangkok is the second most expensive city in Southeast Asia

Southeast Asia shows significant variation in living costs across countries. Singapore leads with the highest cost-of-living index at 85.9, far exceeding other nations in the region due to its limited land, advanced infrastructure, robust economy, high wages, strong currency, and status as a global financial hub.

In contrast, Indonesia presents the lowest index at 31.2, followed closely by Philippines at 34.0. Thailand and Cambodia have relatively higher cost-of-living indices at 40.7 and 44.5, respectively. Continued …

Mae Sai River bursts banks, flooding border markets, villages

Heavy overnight downpours resulted in runoffs downstream of Mae Sai River, causing it to break its banks early on Wednesday and flood border towns in Chiang Rai and Myanmar.

Villagers and vendors at the Sai Lom Joy Market in Chiang Rai’s Mae Sai district said the river began overflowing at 5am and its level rose to about 80 centimeters quickly. They said that this was the third time this year that the river had broken its banks, flooding border markets and villages. Continued …

Hunt for Chinese gang suspected of Bt70-million robbery

Pathum Thani police on Wednesday launched a hunt for a gang of four Chinese nationals following an armed robbery at a luxury house located on a golf course in Muang district of Pathum Thani province.

Ke Jibao, 34, a Chinese businessman, told officers of Pak Klong Rangsit police station that four armed men of Chinese nationality wearing ski masks barged into the house on Tuesday night. The intruders captured the residents, comprising three men and three women, and forced Ke to transfer US$2 million (70 million baht) to their account, he said. Continued …

Three die in family toilet

Police have warned of the danger of mixing sulphuric acid and caustic soda to clean a clogged pipe, after three people died in a small toilet at a family home in Chon Buri.

Police issued the warning on Tuesday following the death of a policewoman and her two daughters at their house in Chon Buri province on Monday. Continued …

Two toxic waste ships banned from Thailand

Two Maersk ships reportedly carrying hazardous furnace waste from Albania to Thailand have been banned from Thai ports and will be sent back to Europe.

Deputy Transport Minister Manaporn Charoensri said on Wednesday that the container ship Maersk Candor’s last confirmed location was off South Africa last Friday. It was scheduled to arrive in Singapore on Aug. 24. Continued …

Passenger injured taking risky video from train

A passenger leaning outside a door on a moving train and recording social media content was struck by a pole and injured while traveling between stations in southern Thailand.

The passenger was on train No.452 from Sungai Kolok, in Narathiwat, to Nakhon Si Thammarat, the SRT said. The 19-year-old was hanging out of the train door while being filmed for a social media video after the train left Ban Ton Don station. Continued …

Blackpink’s Lisa ‘Super Excited and Nervous’ About First Acting Gig in ‘The White Lotus’

Blackpink’s Lisa is used to being on stage in front of thousands of screaming fans, but when it came to her casting in the upcoming third season of the HBO drama “The White Lotus”, the veteran performer got those familiar butterflies in her stomach.

“Oh my God, Mike White? I think he’s a genius,” Lisa told Elle magazine about the show’s creator tapping her for her acting debut. “I think I cried. I was with my friends, my mom’s friends, and my mom, as well, but I didn’t tell them that I auditioned for it. I’m super excited and nervous, because it’s my first acting project. So I was happy for a second, and then I was like, ‘Oh, wait, wait, how am I going to deliver this?’” Continued …

Fate of digital wallet scheme unclear after Srettha’s departure

The future of the 10,000 baht digital wallet scheme has become unclear after the departure of former Prime Minister Srettha Thavisin. The Pheu Thai Party secretary-general insisted that it would continue, while the former deputy finance minister expressed doubts.

Aside from the impact on the entire Cabinet, Srettha’s departure also sent shockwaves through Thai society, particularly among those looking forward to receiving the 10,000 baht in digital money promised as part of Srettha’s main campaign. Continued …

Pheu Thai Pushes On with Casino Legalization Amid Coalition Resistance

The Pheu Thai party remains confident in its ability to persuade its coalition partner, Bhumjaithai Party, to support the legalization of casinos, despite Bhumjaithai’s recent opposition. The bill, championed by Pheu Thai, aims to legalize casinos as part of a larger initiative to create regional entertainment complexes to attract investment.

Hours before his removal as prime minister by the Constitutional Court, Srettha Thavisin expressed optimism that Pheu Thai could eventually convince Bhumjaithai to back the bill. Continued …

Private sector hopes to see a new PM elected soon

The business sector is hoping that Parliament will soon elect a new prime minister so that the government can continue its economic policies, including the 10,000-baht digital money handout and launch of new state-owned securities Vayupak Fund.

Kriangkrai Thiennukul, chairman of the Federation of Thai Industries (FTI), noted on Wednesday that the court’s ruling has stunned investors and forced them to put their investments on hold. Continued …

New incentive package to woo investors to EEC

The government is preparing a new set of privileges, including exempting corporate tax for 15 years, to draw more investors in targeted industries to the Eastern Economic Corridor (EEC).

Commerce Minister Phumtham Wechayachai, who is also deputy prime minister, said on Wednesday that he will soon hold a meeting with the EEC policy board to endorse the new privilege package before sending it to the Cabinet for approval. Continued …

Thailand to strengthen regulations on foreign businesses

The Department of Business Development (DBD) is intensifying its efforts to enforce laws governing foreign businesses, ensuring fair competition for Thai entrepreneurs.

Auramon Supthaweethum, the director-general of the DBD, has confirmed the department’s commitment to working closely with law enforcement to ensure compliance, particularly focusing on foreign businesses that may be using nominee shareholders to circumvent the 1999 Foreign Business Act. Violators will face severe penalties as part of these enforcement efforts. Continued …

Thailand’s Data Center Landscape: A Powerhouse in the Making

The digital era has elevated the importance of data centers, with Thailand witnessing a significant shift in this industry.

The rise of cloud computing, big data analytics, and IoT has transformed data centers into strategic assets for businesses. Thailand’s data center market is being driven by the growth of hyperscale and colocation facilities, particularly in greater Bangkok. Continued …

Cheaper Chinese farm produce ‘coming in by train’

Cheap farm produce and consumer goods from China are coming into the country via high-speed trains through Laos and flooding local markets in the northeast of Thailand, placing local business owners in a challenging position, vendors say.

Reporters on Wednesday visited the fruit and vegetable section of Mae Kim Heng New Market in Muang district of Nakhon Ratchasima and found many kinds of Chinese farm produce on sale. Continued …

CP Foods Profit Surges 973%

Charoen Pokphand Foods PCL (CP Foods) announced a strong rebound in its Q2/2024 performance, surpassing expectations. The company reported a net profit increase of 973%, or 10 times the previous amount, driven primarily by its international business. CP Foods also announced an interim dividend payment of Bt0.45 per share.

CP Foods reported sales revenue for Q2/2024 amounting to Bt149,498 million, with 64% of total revenue coming from its overseas operations, 30% from its Thai businesses, and 6% from exports out of Thailand. Net profit reached Bt6,925 million in Q2 this year, reflecting a 973% increase compared to Q2 last year. Continued …

Thailand’s GMM Music partners with Warner Music Asia in massive deal

GMM Music announced a strategic investment partnership with Warner Music Asia (WMA), one of the world’s leading music industry giants.

WMA will invest 370 million baht in cash and provide a minimum guarantee payment of 315 million baht to accelerate GMM Music’s growth and expand the Thai music industry, the largest in Southeast Asia, to a global market. Continued …

More than 400 resorts face closure

The Agriculture and Cooperatives Ministry has kicked off inspections that could lead to the demolition of more than 400 resorts for encroaching on public land in Nakhon Ratchasima’s Wang Nam Khieo district.

Thanadol Suwannarit, chairman of the ministry’s task force investigating cases of illegal land ownership under the Agricultural Land Reform Office (ALRO), led a raid on the Golden Mountain Resort in tambon Wang Nam Khieo in a joint operation with the Anti-Money Laundering Office (AMLO) and the Department of Special Investigation (DSI) on Tuesday. Continued …

Secondary province hotels need staff, not tax benefits

The majority of hotel entrepreneurs say the government’s policy to offer tax benefits to hotel operators in secondary tourist provinces in a bid to promote the tourism industry there would only marginally increase their income.

Their opinions were reflected in July’s hospitality operators’ confidence index, following a survey conducted by the Thai Hotels Assn. (THA) and the Bank of Thailand. Continued …

Three-star hotels face further woes

Despite a resilient recovery, three-star hotels have been unable to raise prices during the third quarter, while tax cuts for second-tier cities could not effectively increase hotel revenue as planned.

Thienprasit Chaiyapatranun, president of the Thai Hotels Assn. (THA), said the hotel operator sentiment index for July, which polled 102 hoteliers across Thailand, found an average occupancy rate of 59% for the month, up seven percentage points from June, thanks to the government’s tourism promotions and several long-weekend holidays. Continued …

Travel Insurance for a Thailand Vacation

Whether you travel to Bangkok, Pattaya, Phuket, Chiang Mai or elsewhere in the Land of Smiles, Thailand can be expensive. Travel insurance coverage can help you protect your investment and cover the cost of medical emergencies.

Most importantly, travel insurance gives you the peace of mind to enjoy a stress-free Thailand trip. With the right coverage choices, you can avoid the sunken costs from a canceled vacation or the expenses of a medical emergency or illness. Here is a look at the details you need to know about choosing the best travel insurance for Thailand. Continued …

Isaan province takes crown for most temples in Thailand

Nakhon Ratchasima in the northeast has the highest number of registered Buddhist temples in Thailand, the National Office of Buddhism said on Wednesday.

The office said it has checked out provinces with the highest number of registered temples and learned that most are in the north and northeast. Continued …

Discovering Chachoengsao

Weekends bring life to the century-old Ban Mai Market in Chachoengsao, where local vendors set up stalls to offer a wide range of local delicacies like chaenglon (grilled fish cake), galorgee (rice dumpling topped with black and white sesame), kanom tuay (coconut rice custard) and hoi jo (deep-fried crab meat rolls) that evokes a rush of nostalgia.

Standing along the banks of the Bang Pakong River, meandering through an intricate network of classic wood shophouses can whisk visitors back to the reign of King Rama III when Chinese migrants turned this neighborhood into a bustling trading hub. Continued …


Bus Tickets 

Hua Hin-Chiang Mai flight schedule May 3-Aug 31

FD901: Monday, Wednesday, Friday, Sunday
Chiang Mai – Hua Hin
10:20 – 11:50
Hua Hin – Chiang Mai
12:20 – 13:35

FD900: Tuesday, Thursday, Saturday
Chiang Mai – Hua Hin
09:00 – 10:30
Hua Hin – Chiang Mai
11:00 – 12:15

Hua Hin train schedule

To book online

Van/minibus service at Market Village

Vans and minibuses provide services to the following destinations:

  • Hua Hin – Mo Chit (089-919-8055) starts service at 03:50
  • Hua Hin – Kanchanaburi (085-822-6063)
  • Hua Hin – New southern line service starts at 5:40
  • Hua Hin – Rangsit (090-138-0427) service starts at 05:40
  • Hua Hin – Nakhon Pathom (088-709-2364)

The last service departs at 6pm. Departures every 25 – 40 minutes. For inquiries or reservations, call 089-9198055,090-1380427.

 

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
  • Department of Highways – 1586

Wednesday’s news-July 24


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S.Ken’s Bistro, Expat News mark 8 years/Flash flood warning for Hua Hin/Expanding foreign rights to property ownership/Longer property leases to boost market/Electricity, diesel prices maintained/Gold prices expected to rise/Thailand reverses on cannabis/Lessons learned from global outage/Syphilis cases triple/Drug-addicted Thai man lynched/Bomb injures six police officers/Economy: Growth rate predicted below 2%/Corporate earnings recovery mixed/Home construction prices rise/Motorcycle sales dip/Stock Exchange of Thailand faces Crisis/Future technologies revealed/Clean energy to be featured/How Energy Intensive Are Data Centers?/Tourism: 19.6 million foreign arrivals/Bangkok 30th most risky city/Long weekends to generate Bt18 billion/New Indian routes/Batik Air adds south Thailand routes/Thailand Experience: Thailand’s doubling tiger population/If animals can’t live, will we?/Best hotels in Krabi/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

S.Ken’s Bistro – Home of Crafted Food & Drinks

Expat News first met Kantapat “Ken” Agechaosuan when we were both starting new businesses in Hua Hin. Chef Ken, as he is known, was in need of an economical way to market his new restaurant, S.Ken’s Bistro in Kao Tao, to the Hua Hin expat community.

At that breakfast meeting, we forged a collaboration, as Ken calls it, that has lasted eight years – and now extending into a ninth.

Hua Hin Expat News is pleased to announce that S.Ken’s Bistro has extended its advertising program for the 9th year.

Since that first meeting, S.Ken’s Bistro has become a well-known, and favorite, dining location, serving both Western and Thai cuisine in a lovely setting alongside the Kao Tao lake.

Chef Ken has worldwide experience as a chef at five-star hotels, and just before Covid hit was a contender on Thailand’s Iron Chef TV competition. His food has been featured daily on Expat News, even during the pandemic, when we worked together promoting takeaway meals.

Reviews 

Reservation recommended during high season. Wednesday – Monday, 11 AM to 9 PM. Breakfast available on weekends, 8 AM to 2 PM.

13/24 Kaotao Nongkae, Hua Hin, tel: 0924646939, Facebook; Email s.kensbnb@gmail.com

Chat Chai Market parking fees under fire

Continued …

Flash flood warning for Hua Hin, Pranburi

Continued …

Pros and cons of expanding foreign rights to property ownership

Real estate entrepreneurs have spoken out about the government’s proposal to extend long-term land lease rights to 99 years for foreigners buying condos and increasing the condo purchase quota to 75%.

They highlight benefits such as investment incentives and economic stimulation, but stress the need for strict conditions to prevent nominee issues and putting in place location and voting rights restrictions. Continued …

Longer property leases for foreigners to boost slumping market: REIC

The Government Housing Bank’s Real Estate Information Center (REIC) has backed a move to reduce restrictions on foreign ownership in Thailand’s property market, saying it could help unload unsold units piling up due to a drop in Thais’ purchasing power.

However, the measures must be carefully implemented and regulated to prevent negative impacts on the property market in the long term, warned REIC Director Wichai Wiratkapan on Monday. Continued …

Cabinet maintains current electricity and diesel prices

The Cabinet endorsed the Ministry of Energy’s proposal today to maintain the electricity price for September through December at 4.18 baht/unit for households and businesses.

Energy Minister Pirapan Salirathavibhaga said, however, that smaller households, which use fewer than 300 units of power per month, will be charged 3.99 baht/unit. The cabinet also decided to maintain the pump price of diesel at 33 baht/liter until the end of October, to the ease burden on the transport sector. Continued …

Gold prices expected to surpass US$2,500 by end of 2024

Local gold traders are optimistic about the future of bullion prices, forecasting that they could surpass US$2,500 per ounce by the end of 2024. This significant price increase is expected to follow a potential interest rate cut by the U.S. Federal Reserve in September.

Gold was trading at US$2,395 per ounce in Asian markets yesterday, spurred by the announcement that President Joe Biden has withdrawn from the U.S. presidential race, endorsing Vice President Kamala Harris as the new Democratic candidate. This news pushed the price above US$2,400 overnight, according to gold trader Hua Seng Heng. Continued …

Thailand to Control Cannabis Use through Laws, Not as a Narcotic

Thailand’s Deputy Prime Minister Anutin Charnvirakul has announced that the country will attempt to control cannabis use through laws, rather than reverting to categorizing it as a narcotic. This comes as a change in policy direction.

Anutin thanked Prime Minister Srettha Thavisin for deciding to control cannabis usage via legislation. The PM, Public Health Minister Somsak Thepsutin, and Anutin had discussions on Tuesday during which the prime minister gave instructions to draft a law managing cannabis rather than classifying it as a narcotic again. Continued …

Lessons learned from global outage

The worldwide IT outage on July 19 underscores the need for public and private organizations to have a robust business continuity management plan, IT disaster recovery plan, and rigorous system testing between security software vendors and clients, to deal with unexpected future incidents, say IT consulting and security firms.

They also recommend organizations adopt diverse technology portfolios and a balanced approach to cloud-based technology adoption. Continued …

Email link: sivanavillas@gmail.com

Syphilis cases triple among Thai teens, fivefold increase in pregnant women

The Department of Disease Control (DDC) reported a significant increase in sexually transmitted diseases (STDs) among Thai people, particularly syphilis. Cases of syphilis among teenagers have tripled compared to previous years and the number of pregnant women with syphilis has increased fivefold.

A report concluded on July 18 showed that syphilis cases in Thailand doubled compared to 2018 (from an average of 11 to 28.1 per 100,000 population). Cases among teenagers tripled, from an average of 27.9 to 91.2 per 100,000 population. Continued …

Drug-addicted Thai man lynched after attempted rape

A 17-year-old Thai teenager and locals in the central province of Ayutthaya lynched a drug addict after he attempted to rape the teen’s mother.

Officers from Phra Nakhon Si Ayutthaya Police Station were alerted to the death of 38-year-old drug addict Yuranan on the night of July 20. On arrival, officers found Yuranan lying face down on the second floor of the house. Continued …

Roadside bomb injures six police officers in southern Thailand

A roadside bomb detonated in Pattani yesterday, injuring six police officers and prompting the army to urge motorists to exercise caution. The explosion occurred on Road 42 in Nong Chik district as an armored pickup truck carrying the officers was returning to base from a checkpoint.

The Internal Security Operations Command’s (ISOC) southern frontline office reported that the blast caused the vehicle to veer off the road and tumble down an embankment, igniting a brush fire in the process. All six injured officers were rushed to Pattani Hospital for treatment. ISOC attributed the attack to insurgents operating in the region. Continued …

Potential growth rate predicted below 2% for next 5 years

Kiatnakin Phatra Research (KKP Research) forecasts that Thailand’s potential economic growth rate will be below 2% for the next five years due to weaker productivity and competitiveness.

Between 2020 and 2029, the country’s potential growth is expected to be 1.9%, declining further to 1.3% between 2030 and 2039 if no structural reforms are implemented, according to KKP Research. Continued …

Thailand’s corporate earnings recovery mixed

Thai businesses across several sectors are witnessing improved earnings, although leverage remains high due to large investments, according to Fitch Ratings.

The view was among those expressed at the firm’s recent 2024 Bangkok briefing on the global financial market and Thailand’s corporate credit outlook. Participants also explored asset allocation strategies and the framework for credit investing. Continued …

Home construction prices rise 3.8% in Q2

The price index of standard home construction in the second quarter of 2024 rose 3.8%, with the biggest increases seen in the prices of wood and wooden products, as well as labor wages.

Vichai Viratkapan, acting director-general of the Real Estate Information Center (REIC), said while home construction prices continued to rise, the increase in the second quarter was not significant. Continued …

Motorcycle sales dip 10% in H1

Motorcycle sales fell by 10% year-on-year during the first half, with Thai Honda Co., a major motorcycle manufacturer and distributor, also experiencing a sales drop in the sluggish market.

The unfavorable circumstances resulted from slow economic growth of 1.5% in the first quarter, banks’ stricter criteria in granting auto loans and an unhealthy export sector, said Yuichi Shimizu, president of Thai Honda. Continued …

Stock Exchange of Thailand faces Crisis of Confidence amid Corporate scandals

The Stock Exchange of Thailand (SET) is experiencing uncertainty and turmoil following multiple fraud scandals involving key figures in the Thai business community.

One of the most recent events that affected the Thai market was the scandal involving Stark Corp. The incident occurred when the corporation was accused of an accounting scandal and embezzlement of funds. Continued …

Crucial future technologies revealed at Bangkok event

Artificial muscles, engineered microbes and security robotics are among the top 10 technological advances to watch out for this year, as they will make an impact over the next 5-10 years, according to the National Science Technology and Development Agency (NSTDA).

“Of the total, half are digital technologies with the involvement of artificial intelligence (AI), clearly demonstrating the emerging AI era,” said Sukit Limpijumnong, president of the NSTDA, during a keynote speech delivered on the subject of 10 technologies to watch out for in 2024 at the Thailand Tech Show 2024 held by NSTDA. Continued …

Clean energy to be featured at Rayong port, industrial estate

The Map Ta Phut Industrial Estate and its deep-sea port in Rayong will be developed to have a clean new look under a plan to replace fossil fuel-derived energy with renewable energy to serve growing demand among companies committed to carbon dioxide reduction, says the Industrial Estate Authority of Thailand (IEAT).

“We are interested in using clean energy from various sources in the estate, including biomass, biogas, solar and wind energy, as well as a small modular reactors (SMRs),” said Yuthasak Supasorn, chairman of the IEAT board. Continued …

How Energy Intensive Are Data Centers?

(Note: Several data centers are currently planned or being built in Thailand, which will require a great deal more electric power than currently available.)

In 2022, the global electricity consumption stood at roughly 27,000 terawatt-hours, according to the U.S. Energy Information Administration (EIA). While countries like China and the United States had the highest electricity demand by a considerable margin, a new player that rivals the consumption of some of the biggest economies and is bolstered by the ongoing AI hype has entered the stage: data centers. As the International Energy Agency (IEA) points out in a recent report, estimated data center energy consumption could increase rapidly over the next two years.

While the median estimate for data centers, AI-connected offerings and cryptocurrency mining stood at 415 TWh in 2022, already significantly higher than the United Kingdom’s electricity demand and on par with the electricity consumption of France, this figure could rise to anything between 620 and 1,050 TWh in 2026. Per the IEA’s report, this would be the equivalent “to adding at least one Sweden or at most one Germany” to the most recent estimates. Continued …

Thailand records 19.6 million foreign arrivals so far this year

Thailand recorded 19.6 million foreign tourist arrivals from the January to July 21 period, the Tourism Ministry said Tuesday, up 34% from the same period a year earlier.

The government is targeting 40 million foreign arrivals for the whole of this year. Tourism is a major employer and driver of Thai growth. – Yahoo

Bangkok world’s 30th most risky city for tourists: Forbes Advisor

Bangkok has been ranked in 30th place among the world’s most risky cities for tourists by Forbes Advisor, a global platform dedicated to helping consumers make the best financial choices in business, investment, technology, and travel.

In its article titled “12 Best Travel Insurance Companies of July 2024” published this month, Forbes Advisor compared 60 international cities across seven metrics to determine which cities are the most (and least) risky for tourists. These metrics are: Travel safety, crime risk, personal security risk, health security risk, infrastructure security risk, natural disaster risk, and digital security risk. Continued …

Long weekends to generate Bt18 billion from domestic tourism

The Tourism Authority of Thailand (TAT) is predicting that around 5 million Thais will travel domestically during the two long weekends in July, generating approximately 18 billion baht in revenue for local tourism entrepreneurs.

This month has two long weekends: July 20-22 marking Buddhist Lent Day on July 21, and July 27-29 celebrating His Majesty the King’s birthday on July 28. Continued …

Email link – kenbrown@businessclassasia.com

Thai AirAsia eyes new Indian routes

Thai AirAsia is focusing on opening new routes to India and within Southeast Asia in the second half to offset unrecovered flights to China, which are still hampered by the sluggish economy and higher competition from domestic travel.

Tansita Akrarittipirom, head of commercial at Thai AirAsia, said the share of Chinese passengers had plunged to 17%, from 27% before the coronavirus pandemic, while the share of Indian passengers is expected to increase to 10% by the end of the year. Continued …

Batik Air adds south Thailand routes

Batik Air will launch two new routes from its home base in Kuala Lumpur to Hat Yai and Krabi in southern Thailand.

With flights commencing on Sept. 13, the airline will operate daily to both Thai destinations using B737-800 aircraft configured with business and economy cabins. Continued …

Thailand’s rangers hailed for doubling tiger population amid conservation hurdles

The tiger population density in a series of protected areas in western Thailand has more than doubled over the past two decades, according to new survey data.

Thailand is the final stronghold of the Indochinese tiger (Panthera tigris corbetti), the subspecies having been extirpated from neighboring Cambodia, Laos and Vietnam over the past decade due to poaching, habitat loss and indiscriminate snaring. Continued …

If animals can’t live, will we?

“We are the Earth’s eater. We consume everything we can all the time,” warns National Geographic photographer and explorer, Joel Sartore. This sobering statement serves as the driving force behind his ambitious project, the National Geographic Photo Ark.

Recently opened in Bangkok, the Photo Ark uses stunning photography to document every possible species living in zoos, aquariums, and sanctuaries worldwide. Continued …

The best hotels in Krabi

Phuket and Koh Samui steal much of the limelight when it comes to the best hotels in Thailand, but the Krabi region – on southern Thailand’s west coast – is home to some of the best places to stay in the country.

It’s a place of dramatic scenery, from the sheer limestone cliffs of famous Railay Beach and the turquoise-hued swimming spots of Koh Phi Phi, to the mangroves and low-key beaches of Koh Lanta – a laid-back island that feels like a throwback to the Thailand of several decades ago. Continued …

Typhoon Gaemi brings Philippines, Taiwan to a halt

Typhoon Gaemi and a southwest monsoon brought heavy rain today to the Philippine capital region and northern provinces, prompting authorities to halt work and classes, while stock and foreign exchange trading were suspended. Continued …


Bus Tickets 

Hua Hin-Chiang Mai flight schedule May 3-Aug 31

FD901: Monday, Wednesday, Friday, Sunday
Chiang Mai – Hua Hin
10:20 – 11:50
Hua Hin – Chiang Mai
12:20 – 13:35

FD900: Tuesday, Thursday, Saturday
Chiang Mai – Hua Hin
09:00 – 10:30
Hua Hin – Chiang Mai
11:00 – 12:15

Hua Hin train schedule

To book online

Van/minibus service at Market Village

Vans and minibuses provide services to the following destinations:

  • Hua Hin – Mo Chit (089-919-8055) starts service at 03:50
  • Hua Hin – Kanchanaburi (085-822-6063)
  • Hua Hin – New southern line service starts at 5:40
  • Hua Hin – Rangsit (090-138-0427) service starts at 05:40
  • Hua Hin – Nakhon Pathom (088-709-2364)

The last service departs at 6pm. Departures every 25 – 40 minutes. For inquiries or reservations, call 089-9198055,090-1380427.

 

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
  • Department of Highways – 1586