Tag Archives: thailand price controls

Wednesday’s News-June 28

  • Power outage Thursday in downtown Chat Chai area/
  • 110 tons of illegal buffalo meat destroyed in Cha Am/
  • Price controls of 51 goods and services extended another year/
  • Bank of Thailand to loosen foreign exchange regulations/
  • Thai masseur wows beachgoers with 50 million baht puke treasure/
  • Pattaya Motorbike Taxi Driver Returns Lost Bag Containing Nearly 100,000 Baht/
  • Police Move To Clear Criminal Record Of 13 Million Thais/
  • Line readies new features, eyes ‘chat economy’/
  • Economy: Baht at 7-month low on political uncertainty/How Thailand’s welfare state could change/German and French firms eye Thailand’s booming electric vehicle sector/Japanese eye EEC outlay of Bt3.7 billion/Ongoing US-China tech war likely to benefit Thailand/Japanese account for 70% of total investment in Thai industrial estates/The bioeconomy success of Wang Som Za village in Thailand/
  • Tourism: Russian tourism faces slowdown in Thai markets amid Moscow’s political tension/Sichon to champion ‘tranquil tourism’ in southern Thailand/
  • Thailand Experience: The journey of chilies to Thailand/2 chicken dishes from Thailand soar in global rankings/
  • International: UBS to cut 35,000 jobs after Credit Suisse rescue/US targets Wagner Group over gold in Africa/More than 90% of global aquaculture faces substantial risk from climate change/
  • 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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Power outage Thursday in downtown Chat Chai area

A temporary power outage and road closures will be in effect in downtown Hua Hin on Thursday. The power interruption is is due to the relocation of communication lines as part of the ongoing Chomsin-Thapong Municipal Road Expansion Project. The interruption will occur between 9am and 4pm.

110 tons of illegal buffalo meat destroyed in Cha Am

In a move to combat the illegal smuggling of animal products, officials gathered in Cha Am on Monday to destroy 110 tons of illegally imported buffalo meat.

The meat was destroyed during a ceremony at the Wildlife Quarantine Center in Sam Phraya subdistrict. Continued … 

Price controls of 51 goods and services extended another year

The Cabinet has decided to continue controlling the price of 46 food and consumer products and five services until June next year, deputy government spokesperson Rachada Dhnadirek said on Tuesday.

She said the Central Committee on the Prices of Goods and Services’ announcement on price controls is set to expire on Friday, and the Cabinet decided to continue controlling the prices to ease the burden on the public. Continued …

Bank of Thailand to loosen foreign exchange regulations

The Bank of Thailand has revealed plans to loosen foreign exchange regulations to stabilize the exchange rate long-term. The move, which shows a clear focus on balancing capital inflows and managing volatility, comes as Thailand’s economy globally integrates further.

Under the foreign exchange initiative, Thai individuals will now be able to pour as much as US$10 million into offshore markets, doubling the existing limit of US$5 million. According to Alisara Mahasandana, assistant governor and head of the Financial Markets Operations Group at the Bank of Thailand, this is part and parcel of the bank’s efforts to balance capital flows and manage the Thai currency’s volatility against the dollar. Continued …

Thai masseur wows beachgoers with 50 million baht puke treasure

A Thai masseur captivated the public’s attention by showcasing his collection of whale puke, found while plying his trade on beaches in the southern province of Phang Nga. If proven to be authentic, it could be worth 50 million baht.

The owner of a local furniture store in Phang Nga, Wirat Ratso, invited reporters to explore the whale puke collection at the house of his neighbor, 48-year-old Prapheut Sithatrad. Continued …

Pattaya Motorbike Taxi Driver Returns Lost Bag Containing Nearly 100,000 Baht

On Monday, an honest motorbike taxi driver in Pattaya city turned in a foreigner’s lost bag containing crucial documents and nearly 100,000 baht in U.S. dollars.

The driver, 62-year-old Chamnan Svansap, discovered the bag after dropping off a passenger and parking his bike. Noticing an unattended bag, he didn’t open it, instead waiting for about 10 minutes hoping its owner would return. When no one claimed it, Chamnan brought the bag to Pattaya City Police Station. Continued … 

Police Move To Clear Criminal Record Of 13 Million Thais

With the announcement of the amendment of police regulations on fingerprinting on May 27, which in the past led to fingerprinted suspects having a criminal background, thus unable to apply for a job despite the charges having later being dropped against them, the police are now rushing to clear the record of 13 million Thais thus affected.

Prinya Thaewanarumitkul, head of Thammasat University’s law faculty, said the unamended regulation led to suspects against whom charges were later dropped or who had died to continue having a criminal record. Continued …

Line readies new features, eyes ‘chat economy’

Line Thailand is preparing new consumer and business features and has embraced generative artificial intelligence (AI) technology as part of its plan to offer value-added services to users and target Gen Y in its network.

The company wants to develop a “chat economy” in Thailand. Continued …

Baht at 7-month low on political uncertainty

The Thai baht weakened to a seven-month low today as political uncertainty dampened investor appetite, while most other emerging Asian currencies also depreciated against a firmer dollar after resilient U.S. data eased recession concerns.

Equities in the region were largely in the red, with shares in Seoul taking the biggest hit, declining 0.8%, while those in the Philippines and China lost 0.3% and 0.5%, respectively. Continued …

How Thailand’s welfare state could change

For the past few decades, many countries have been working toward providing “healthcare for all”, including equity in access to healthcare and healthcare financing.

Thailand has declared equitable healthcare to be an integral part of its development strategy over many decades. Continued …

German and French firms eye Thailand’s booming electric vehicle sector

A surge of interest in Thailand’s budding electric vehicle (EV) industry has been noted among businesses from France and Germany. The Thailand Board of Investment (BoI) revealed this interest following an investment promotion roadshow in these European nations.

BoI Deputy Secretary-General Wirat Tatsaringkansakul suggested a particularly keen receptiveness from French and German investors. These potential investors are reportedly looking into expanding their production bases and outsourcing companies to satisfy the surging demand of the Asian market. Continued …

Japanese eye EEC outlay of Bt3.7 billion

At least three Japanese firms are expected to invest roughly 3.7 billion baht in industries such as electric vehicles (EVs) and smart electronics in the Eastern Economic Corridor (EEC), says the Industrial Estate Authority of Thailand (IEAT).

The three Nagoya-based companies indicated interest in buying 200 rai of land in the EEC, which covers parts of Chon Buri, Rayong and Chachoengsao. Continued …

Ongoing US-China tech war likely to benefit Thailand

The Office of Industrial Economics (OIE) says the ongoing technological competition between the U.S. and China is prompting several companies to relocate their manufacturing bases, presenting opportunities for Thailand.

OIE Director-General Warawan Chitaroon said this competition is expected to continue and has so far influenced several major semiconductor firms to shift their production bases from China to countries that are not direct competitors in the technology war, particularly those in Southeast Asia with relatively stable political environments. Continued …

Japanese account for 70% of total investment in Thai industrial estates

The Industrial Estate Authority of Thailand (IEAT) is actively encouraging the electronics and steel industries to focus on manufacturing products that utilize advanced technologies and innovations, collaborating with Japanese expertise.

Veeris Ammarapala, the IEAT governor, revealed that a delegation of developers from 10 industrial estates had participated in an investment promotion roadshow in the industrial estates in Nakhon Ratchasima province, which has industrial potential, and ranks third in Japan’s economic cities. Continued …

The bioeconomy success of Wang Som Za village in Thailand

In Phitsanulok province, about 400 kilometers from Bangkok, the community of Wang Som Za village has restored a local variety of orange, Som Za, after which the village is also named. The orange variety is called “za” because the fruit tastes tangy.

This bitter orange is the center of the community’s bioeconomy efforts to recover their surrounding ecosystems and provide a better livelihood for their communities. Continued …

Russian tourism faces slowdown in Thai markets amid Moscow’s political tension

Amid heightened political tensions in Moscow, the Association of Thai Travel Agents (ATTA) observes a potential slowdown in Russian tourists to Thailand, although an increase in long-term stay visitors is also predicted if the situation worsens further.

To comprehend the short-term market movements of Russian tourism in detail, the Tourism Authority of Thailand (TAT) has instructed its Moscow office to keep a vigilant watch over the evolving scenario. Continued …

Sichon to champion ‘tranquil tourism’ in southern Thailand

Southern Thailand never fails to wow the world’s travelers with its sandy beaches, spectacular scenery and rich cultural heritage. Now, a new destination is about to emerge onto the world stage as a haven of “tranquil tourism.” With the new international terminal at Nakhon Si Thammarat Airport set to open by Q4 2023, the coastal enclave of Sichon is poised to become a new jewel in Thailand’s tourism crown.

Sichon is a serene and peaceful destination where travelers can embrace Thailand as it has existed for centuries. Buddhists pay their respects in ancient temples, fishermen pull their catches up onto the beach from emerald green waters, farmers wrestle coconuts down from soaring palms, and artisans patiently work looms to weave materials dyed by natural colors derived from local fruits. Continued … 

The journey of chilies to Thailand

The vibrant Thai cuisine, known for its distinctive combination of flavors – sweet, sour, salty, and spicy – owes much of its kick to an ingredient that was surprisingly not indigenous to the region: the chili pepper.

The chili pepper’s journey to Thailand is a fascinating tale of global exploration and cultural fusion. This voyage of the chili began around 1492 when Christopher Columbus, the Genoese explorer, first encountered these fiery fruits in the Caribbean while he was in search of India and its prized spices. Interestingly, Columbus and his crew initially mistook chilies for a type of pepper – hence the name “chili pepper.” Continued …

2 chicken dishes from Thailand soar in global rankings

A recent ranking of global chicken dishes by the esteemed food mapping site TasteAtlas has positioned two Thai food plates among the top 50.

Thai meals Khao mok kai (a Muslim-style platter of chicken with saffron-flavored rice) and Kai yang (simple grilled chicken dish) were No. 38 and No. 46, respectively. Khao mok kai notched up a commendable 4.3-star rating out of 5. Kai yang procured a solid rating of 4.2 stars. Continued …

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UBS to cut 35,000 jobs after Credit Suisse rescue

Swiss banking group UBS plans to cut 35,000 jobs at Credit Suisse — more than half its workforce — as part of the emergency rescue takeover of its rival in March, according to a report by Bloomberg News. Continued …

US targets Wagner Group over gold in Africa

The United States on Tuesday imposed sanctions aimed at disrupting gold mining activities that fund the Wagner Group in Africa, vowing to hold the mercenaries accountable for abuses days after they staged a mutiny in Russia. Continued …

More than 90% of global aquaculture faces substantial risk from climate change

Many of the world’s largest aquatic food producers are highly vulnerable to human-induced climate change, with some of the highest-risk countries in Asia, Latin America and Africa demonstrating the lowest capacity for adaptation, a landmark study has shown. Continued …

Hua Hin-Suvarnabhumi bus schedule

  • Leaving Hua Hin: 6am, 8am, 10am, 11am, 12:00, 2pm, 4pm, 5:10pm, 6pm
  • Leaving Suvarnabhumi: 7:30am, 9:30am, 10:30am, 12:00, 1pm, 2:30pm, 4pm, 5pm, 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 twice-daily bus service to Pattaya, leaving Hua Hin at 9am and 3pm, and departing from Pattaya at 8am and 4pm. 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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