Tag Archives: thailand factory closures

Friday’s news-June 21


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Belgian man dies from injuries sustained in attack in Hua Hin

A Belgian man who was gravely injured in a brutal attack in Hua Hin in April has died from his injuries, it has been announced.

Jan Valkenborg from Riemst, Limburg province, was in Hua Hin when he was assaulted by a German national. The attacker, who had a criminal record and was a member of a fight club, also assaulted another person that same evening. Continued … 

Stormy forecast: Extreme rain and thunderstorms in 42 provinces

The Meteorological Department of Thailand (TMD) issued another severe weather warning for 42 provinces nationwide, forecasting heavy rainfall and thunderstorms. Bangkok is expected to experience significant rain coverage at 70%, with authorities urging caution for flash floods and forest runoff.

The TMD released a 24-hour weather forecast today, highlighting the strengthening southwest monsoon covering the Andaman Sea, Thailand, and the Gulf of Thailand. A low-pressure area over northern Vietnam and the central South China Sea is also influencing the weather. Continued … 

Student poverty ‘falling on deaf ears’

The government is paying insufficient attention to the dire need for extra funds to save millions of students from leaving the education system because they have run out of money, says an opposition MP.

Paramee Waichongcharoen, a list-MP from the Move Forward Party, raised the issue during the debate on the 2025 fiscal budget bill in the House of Representatives on Thursday. Continued … 

Pay deductions altered, but conscripts still have to pay for meals

The Ministry of Defense has issued a set of criteria to determine which expenses can be deducted from conscripts’ salaries to ensure military recruits have enough money left to spend.

The move comes after a case involving alleged deductions from conscripts’ salaries for utilities and miscellaneous items recently emerged on social media, with reports of them even being charged for WiFi and a 500-baht deduction for a septic tank pumping fee. Continued … 

Thailand’s Emerging Casino Landscape: A Game of Chance and Strategy

Thailand is on the cusp of a significant transformation with its move toward legalizing casino gambling. This potential shift in policy could reshape the nation’s economic and tourism landscape, tapping into the lucrative global gaming market.

The Thai government is considering a draft bill that, if passed, would mark a pivotal change in the country’s stance on gambling, potentially generating more jobs and state revenue. Continued … 

Raising the Cap on Foreign Condo Ownership: A Potential Game-Changer?

The real estate sector, particularly the condominium market, has been a significant contributor to the economy of many countries. However, it has seen its fair share of challenges, including oversupply and slow sales. One potential solution that has been proposed is raising the foreign ownership limit to 60%.

Currently, in many countries, foreigners are allowed to own a certain percentage of condominium units in a single development. This limit varies, but it is typically around 40%. The rationale behind this restriction is to ensure that locals have access to property ownership and to prevent foreign speculation from driving up prices. Continued … 

KResearch lowers its 2024 Thai economic growth forecast to 2.6 %

KResearch forecasts 2.6 % growth for the Thai economy in 2024, with growth gaining momentum in the latter half, driven by accelerated budget disbursement and stronger exports; close attention should be paid to trade protectionism risks.

Burin Adulwattana, managing director and chief economist at the Kasikorn Research Center, said, “U.S. economic activity has recently shown a stronger-than-expected momentum. As a result, market forecasts have been adjusted, indicating that the Federal Reserve is unlikely to cut interest rates in the near future, adopting a ‘higher-for-longer’ stance. Continued … 

561 factories in Thailand have shut their doors this year

Thailand is facing a surge in factory closures, with 561 factories shutting down this year, primarily in the steel and metal industries. The Federation of Thai Industries (FTI) warns that if production costs, including energy, transportation, and interest rates, remain high, more closures are likely. The FTI is urging the government to take immediate measures to support businesses.

ML Peekthong Thongyai, the federation’s vice chairman, said the FTI is closely monitoring the ongoing trend of factory closures. According to data from the Department of Industrial Works, 561 factories closed between January and May, resulting in 15,342 job losses, averaging about 3,000 jobs per month. Continued … 

Government Urged to Increase Import Duty on Cheaper Chinese Products

The Federation of Thai Industries (FTI) has called on the government to raise import duties or limit the influx of cheap Chinese goods to safeguard local factories.

The FTI warns that the surge of low-cost Chinese products is causing Thai industries to struggle, leading to a significant number of factory closures. Continued … 

Online platforms eye digital wallet

E-marketplaces and an online food delivery platform are keen to take part in the proposed digital wallet scheme, aiming to create an “economic impact”.

Deputy Finance Minister Julapun Amornvivat said e-marketplace operators such as Shopee and Lazada have expressed interest in taking part in the government’s digital wallet scheme. Continued … 

Line Man Wongnai fears more eateries may shutter

Line Man Wongnai has reported that the online food delivery market continues to grow, but the unfavourable economy could cause more than 50,000 to 100,000 small restaurants to close.

Thailand has a total of 700,000 restaurants, including mobile street vendors, with the total business value estimated at 800 billion baht. Of the total value, online food delivery services account for 15%. Continued … 

Thailand’s durian diplomacy: Cracking the Chinese market wide open

Thailand is going all out to secure its crown in the lucrative Chinese durian market. The government has rolled out a series of innovative strategies, including high-tech farming enhancements and stringent quality controls, to ensure Thailand remains the top durian supplier to China.

Prime minister’ spokesman Chai Wacharonke announced at a press conference that Thailand has significantly bolstered its quality-control policies for fresh fruit exports, particularly durian. Continued … 

Phuket Named Thailand’s Most Advanced Tech Province

Phuket has officially been recognized as Thailand’s leading province in technological advancements, clinching the top spot among 23 smart provinces in the latest report by the Digital Economy Promotion Agency (DEPA).

The report, part of the Thailand Smart City Competitiveness Index (TSCCI) 2023, evaluates the performance of smart cities across the country, offering insights into the progress and future potential of urban areas embracing technology. Continued … 

Thaioil CEO Honored as ‘Thailand Top CEO 2024’

Bandhit Thamprajamchit, chief executive officer and president of Thai Oil Public Co., recently received the prestigious award “Thailand Top CEO of the Year 2024” in the energy industry category.

This award, presented by Business+ magazine in collaboration with the Faculty of Commerce and Accountancy, Thammasat University, recognizes exceptional leadership that steers a company to excellence while highlighting the significance of all stakeholders amid today’s global challenges. Continued … 

Email link – kenbrown@businessclassasia.com

One Price for Locals … 6x for Tourists? When Foreigners Pay More

Hideyasu Kiyomoto, the mayor of Himeji City in Japan, this week proposed a significant price hike for foreign tourists visiting Himeji Castle, a UNESCO World Heritage site. Currently, the entry fee is JPY 1,000 (about $6) for all, but the mayor suggested increasing it to around $30 for foreigners, while locals would pay $5. The extra revenue would help with maintenance and to counter overtourism.

A restaurant in Tokyo is already testing two-tier pricing. Tamatebako in the city’s Shibuya neighborhood charges locals JPY 5,478 ($36) for a weekday lunch buffet, while foreigners pay JPY 6,578 ($42). For dinner, locals pay JPY 6,578 ($42), and foreigners JPY 7,678 ($49). Continued … 

Tourism plan for second half of 2024 unveiled

The Tourism Authority of Thailand (TAT) on Wednesday unveiled its tourism promotion policy for the second half of the year, saying it would focus on attracting customers from long-distance markets to help the agency meet the government’s target of 3.5 trillion baht in tourism revenue this year.

Siripakorn Cheawsamoot, TAT’s deputy governor for Europe, Africa, Middle East, and Americas markets, said that long-distance markets for the rest of this year will be divided into two groups. Continued … 

Illegal tour groups forced to close

The Tourism and Sports Ministry has investigated illegal tour companies offering extremely cheap packages, forcing 10 of them to close. Tour agencies said these gray market companies already account for 50% of Chinese tour groups in Thailand.

The minister’s action is in response to a call from the Association of Thai Travel Agents, which recently raised concerns about the return of ultra-cheap inbound packages. These packages promise very low fares to buyers, then once in Thailand they force tourists into shopping and spending at inflated prices. Continued … 

Forest fires cut Thailand tourism revenue by 400 million baht

Forest fires in Thailand have severely impacted the economy, with annual tourism revenue dropping from 2 billion baht to 1.6 billion baht. The Department of National Parks, Wildlife and Plant Conservation (DNP) is urgently implementing prevention plans to address these issues.

Director of the National Park Office at the DNP Chaiwat Limlikit-aksorn revealed that most forest fires are human-induced, resulting in significant environmental and economic losses. Continued … 

Thailand eyes 8 trillion baht revenue in 2027 from soft power

The Thailand Creative Content Agency (THACCA) will host the country’s first soft power expo next week to showcase the economic potential of Thai soft power in driving the country to become a leader in the creative economy.

The event, titled “THACCA SPLASH – Soft Power Forum 2024,” will be held from June 28-30 at the Queen Sirikit National Convention Center in Bangkok. Continued … 

Three-Country Route ‘Trat-Sihanoukville’ Dusted Off for High Season

Efforts to reach an agreement between three countries – Vietnam, Cambodia and Thailand – under the “Cambodia-Vietnam-Thailand Economic Corridor Cooperation Conference: CVTEC” to promote cooperation in the areas of trade, investment, transportation, tourism and MICE in the Southern Economic Corridor (SEC) have encountered numerous obstacles over the past eight years.

Recently, according to a report, at the CVTEC 2024 international conference at the Aiyapura Hotel on Koh Chang, Trat, hosted by Thailand with the support of the Thailand Convention and Exhibition Bureau (TCEB) and the Tourism Council of Thailand (TCT), things have started to come together. Continued … 

Thailand Grand Prix Set for October 25-27

The PT Grand Prix of Thailand 2024 is poised to be a highlight on the global motorsport calendar. Taking place from Oct. 25-27 at the Chang International Circuit in Buriram, this event is expected to capture the attention of over 800 million viewers from more than 200 countries.

Phonpoom Vipattipumiprates, vice minister for tourism and sports, recently emphasized the significant economic advantages of hosting the MotoGP event. Last year, the Grand Prix attracted nearly 180,000 spectators, led to an 11% uptick in international tourism, and raked in over 4.493 billion baht in local expenditure. Continued … 

Phuket lifeguards raise red flags as surf conditions turn deadly

Lifeguards today have raised red no swimming flags along Patong Beach, urging all residents and tourists to avoid entering the water. This follows a notice issued yesterday by Phuket Vice Gov. Sattha Thongkham, acting on behalf of the governor of Phuket.

The red flags indicate areas deemed too dangerous for swimming due to heavy surf conditions. Despite these warnings, some individuals continue to ignore the advisories, putting themselves at risk. Continued … 

Email link: sivanavillas@gmail.com

#thailandeconomy #huahin #prachuapkhirikhan #thailandtourism #thailandtravel #thailandfdi #thailandinvestment #thailandexports #thailandretirement #thailandimmigration #thailandtransportation #thailandrealestate

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

Saturday’s news-June 15


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Prime Minister visits Hua Hin Railway Station to inspect SRT Royal Blossom train

Prime Minister Srettha Thavisin visited the Hua Hin Railway Station on Friday, accompanied by Deputy Minister of Transport Surapong Piyachote and deputy governor of the State Railway of Thailand (SRT) Avirut Thongnet.

The delegation was welcomed by Prachuap Khiri Khan Gov. Somkid Chantanamrue and Tourism Authority of Thailand (TAT) Director Archawan Kongkanant, along with other government officials. Continued …

Thailand’s Success Against Avian Flu: Lessons for the World

Twenty years ago, Thailand faced a devastating avian flu outbreak, losing over 62 million birds, primarily chickens. The virus, identified as H5N1, spread rapidly among poultry and led to significant human fatalities. Now, with countries like the U.S. facing similar outbreaks, there’s much to learn from Thailand’s effective response.

In late 2003, Thailand’s poultry industry, a global leader producing a billion chickens annually, was hit hard by the virus. By January 2004, authorities confirmed the outbreak, suspected to have jumped from wild waterfowl to chickens. The response was swift and rigorous: massive culling of infected and nearby flocks, compensated by the government, helped contain the spread. Continued …

Probe into Salary Deductions for Thai Military Conscripts Unveiled

An investigation has been initiated by Thailand’s Second Army Region following a leaked document that allegedly shows deductions from new conscripts’ salaries, sparking controversy online.

The document purportedly details the expense account of new conscripts from a specific military unit. According to the page, various deductions — including a 500-baht fee for septic tank pumping — result in conscripts receiving less than 5,000 Baht after all deductions. Continued …

Over Half of Chatuchak Market Pet Shops Unlicensed

The Bangkok Metropolitan Administration (BMA) has raided and inspected animal shops at Chatuchak Market after the worst fire incident involving pets occurred on Tuesday.

Forty-four shops were found to be operating without licenses, and 25 of them were urged to expedite their applications. Additional fire extinguishers are ready to be ordered and installed. Continued …

Monstrous monitor lizards crawl into Bangkok sewage pipe

Two monstrous monitor lizards were recently seen crawling into a sewage pipe in Bangkok, stirring dread and fear but also creating a sense of awe at the fascinating creepy crawlies that lie beneath Thailand’s sprawling capital.

In a video that first appeared on TikTok, two Asian water monitor lizards – each measuring over 1.5 meter in length – could be seen trying to claw their way into a drainage tunnel that strides a waterway. Continued …

Many Thai industries in battle for survival

Are Thai industries under threat of a massive collapse, given rapid changes in technology, fierce competition from China and the planned hike in the daily minimum wage?

Two Japanese carmakers, Subaru and Suzuki, have announced that they will shut down their manufacturing sites in Thailand at the end of this year and next year, respectively, amid shrinking demand for their vehicles. Continued …

‘More factory closures likely if Thai govt does not act against dumping’

Thailand’s manufacturing sector is facing a serious crisis, with a total of 488 factories closing down in the first five months of this year, according to data with the Department of Industrial Works and KKP Research.

The average closures at over 97 a month compare unfavorably with the average of 57 factories that shut down each month in 2021. The department data showed that from January 2022 to March 2023, a total of 1,704 factories ceased operations in the aftermath of Covid, an average of 113 closures a month. Continued …

Email link: sivanavillas@gmail.com

Digital Wallet Scheme Expands to Include Smartphones

In a significant shift, Deputy Finance Minister Julapun Amornvivat announced that beneficiaries of the government’s 10,000-baht digital wallet scheme can now use the funds to purchase smartphones. This decision comes amid growing recognition of smartphones as essential tools in daily life.

Initially, smartphones were excluded from the list of permissible purchases under the scheme. However, the Digital Wallet Board has revised this stance, considering the ubiquitous role smartphones play in communication, work, and access to information. Continued … 

Digital divide a major challenge facing Thailand amid aging society

Senior citizens are likely to be at risk of getting left behind due to lack of digital literacy, as Thailand is among Asia-Pacific countries undergoing a major digital transformation.

Thailand’s digital economy is expected to reach US$53 billion in 2025 with a 15% compounded annual growth rate and is projected to double to approximately $100 billion to $165 billion in 2030, according to the e-Conomy SEA Report 2022. Continued …

TAT bullish on casino investment

Thailand stands a good chance of attracting investments in entertainment complexes, as MGM China Holdings is looking for new overseas investments, according to the Tourism Authority of Thailand (TAT).

After meeting Pansy Ho, chairperson and executive director of MGM China Holdings, on Thursday, TAT Gov. Thapanee Kiatphaibool said MGM China wants to promote Macau tourism to the Thai market, while also searching for new investment options in Thailand’s proposed entertainment complex. Continued …

Relaxed rules to draw more investors

The government will ease the necessary procedures and provide more incentives to attract foreign investors in the film, food and pharmaceutical industries.

Tongthong Chandransu, chairperson of the Regulatory Reform Committee for Ease of Doing Business, said on Friday that progress has been made in amending the laws and regulations that restrict the operations of various businesses. Continued …

Thailand expects $22 billion in investment

Thailand expects at least 800 billion baht (US$21.78 billion) worth of investment applications this year, the government said on Friday.

In the first quarter of 2024, the value of total investment applications rose 31% year-on-year to 228 billion baht, the Board of Investment (BOI) reported in May. More than half of the applications came from foreign investors, the board added. Continued …

Email link – kenbrown@businessclassasia.com

Private sector hopeful that tourism will continue to grow

The Airlines Association of Thailand expects tourism-related industries to grow in the second half of this year, provided no negative factors crop up that would significantly affect people’s travel plans, and the government continues to roll out supporting measures.

Association President Puttipong Prasarttong-Osoth said on Thursday that based on the number of foreign arrivals of 14.76 million in the first five months of 2024, an increase of 38% year on year, the tourism sector should meet the government’s target of generating 3.5 trillion baht in revenue. Continued …

Phuket Workshops Aim to Reduce Motorcycle Fatalities

Phuket authorities launched a series of workshops yesterday to tackle the rising number of fatalities and injuries from road accidents, especially involving motorcycles. The event, held at a Ratsada hotel, saw a significant turnout of district and community leaders.

Phuket Vice Gov. Sattha Thongkam spearheaded the initiative, under the District Drive Project, calling for enhanced motorcycle riding safety across the province. Continued …

Is it time for airlines to restrict alcohol during long-haul flights?

Flying can be stressful, and many people enjoy a drink to relax. However, a new study reveals that combining alcohol with the cabin pressure experienced at cruising altitude can significantly impact heart health, even if you’re young and healthy. This discovery raises a critical question: should airlines restrict alcohol on long-haul flights?

Researchers from the Institute of Aerospace Medicine in Germany, aimed to explore how alcohol consumption and cabin pressure at high altitudes interact to affect sleeping passengers’ heart health. They wanted to determine if the combination of these two factors might have a compounded effect on the heart, potentially posing a risk even to those without pre-existing conditions. Continued …

A Day in the Life of Thai Cuisine

In the predictable world of American breakfast TV, it’s a chorus of cereals, bacons, pancakes and eggs on toast. But the renowned Korean-American chef David Chang, disruptor extraordinaire and host of “The Next Thing You Eat,” has a different recipe in mind.

“I want diversity,” he declares, envisioning a future where his son won’t be a breakfast oddball for craving noodle soup at dawn. Chang’s culinary rebellion, showcased in episode 4’s “Breakfast: An Illusion of Choice,” challenges breakfast orthodoxy and beckons a deliciously diverse morning spread, prompting the world to question why we limit our first meal of the day to just a few items. Continued … 

Thailand’s Top Camping Destinations

Camping in Thailand offers families a refreshing way to bond, explore flora and fauna and experience local ways of life – a tranquil alternative to the country’s electric urban centers. From north to south and west to east, the lush tropical rain forests, idyllic rivers and majestic mountains teeming with wildlife promise fun-filled activities and unforgettable memories waiting to be discovered.

Surround yourself with nature in your choice of accommodation – from transparent dome tents and camper vans to tree-top houses and safari-style glamping suites. Engage in outdoor and water activities, or simply relax at the campground amid panoramic views and whispers of the wild. Continued …

Four Hot Seaside Destinations to Visit in Thailand

The crown jewels of Thailand’s tourism hot spots are all (with a few exceptions) in the Andaman Sea or the Gulf of Thailand. Whether it be Phuket, Koh Samui or Pattaya, these destinations are slowly becoming too popular for those who prefer an element of tranquility with their sun tans.

Luckily, there are a number of alternatives that offer their own versions of uniqueness, charm and authenticity. It’s about time we shared hot spots that were treated as secrets among locals. Continued …

Vietnam plans to raise booze consumption tax from 65% to 100% by 2030

Vietnam’s Finance Ministry has proposed to hike a special consumption tax on alcoholic drinks to 100% by 2030, the ministry said, a move that may further hurt the country’s beverage industry. Continued …

US Navy faces intense combat against Iran-backed Houthi rebels in Yemen

The U.S. Navy prepared for decades to potentially fight the Soviet Union, then later Russia and China, on the world’s waterways. But instead of a global power, the Navy finds itself locked in combat with a shadowy, Iran-backed rebel group based in Yemen. Continued …

Today’s Thai environmental news

 

 

#thailandeconomy #huahin #prachuapkhirikhan #thailandtourism #thailandtravel #thailandfdi #thailandinvestment #thailandexports #thailandretirement #thailandimmigration #thailandtransportation #thailandrealestate

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