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Ease foreign tax burden

The recent proposal to amend Thailand’s foreign income tax regulations has sparked significant debate among expatriates and international investors. This move has raised numerous concerns that urgently need to be addressed.

Thailand’s new foreign income tax regulations, effective Jan. 1, 2024, aim to expand the tax base and tackle tax avoidance by requiring tax on foreign income regardless of when it is brought into the country. Continued …

French Ambassador visits Hua Hin

The French ambassador, accompanied by key consular officials, met with officials in Prachuap Khiri Khan and Hua Hin on Friday.

The purpose of this visit was to discuss topics of mutual interest between the French Republic and Prachuap Khiri Khan Province, as follows: Continued …

International School Costs Rise in Thailand

Parents of students in Thailand’s international schools are facing heftier bills as education costs climbed to 2.75 billion baht in 2024. This uptick, a 1.9% increase from the previous year, covers essentials like learning materials, uniforms, and shoes.

There’s also been a slight decline in spending on cram schools and special training, down by 0.7% to 1.49 billion baht, as parents trimmed back on extracurricular activities amid economic uncertainties. Continued …

Heavy rainfall warning issued across 56 Thai provinces

The Meteorological Department of Thailand (TMD) issued a warning for heavy rainfall across 56 provinces in Thailand today, affecting 70% of the area, including Bangkok. The public is advised to be cautious of potential flash floods and sudden water surges.

The TMD forecasts 24 hours of intense weather conditions due to a strong southwest monsoon covering the Andaman Sea, Thailand, and the Gulf of Thailand, combined with a monsoon trough passing through the northern and upper northeastern regions into a low-pressure area over the northern coast of Vietnam. Continued …

Thailand Influenza Outbreak: 14 Deaths and Over 180,000 Affected

The recent surge in influenza has claimed 14 lives and affected more than 180,000 individuals across the country since the beginning of the year, as reported by the Department of Disease Control (DDC).

Director-General Thongchai Keeratihatthayakorn addressed the public’s concerns regarding the severity of the circulating influenza strains. While emphasizing that influenza is typically a mild respiratory infection treatable with standard medical care, he acknowledged that in some cases it can lead to serious intercurrent infections, increasing the risk of fatal outcomes. Continued …

Construction of last three double-track rail routes approved

The State Railway of Thailand (SRT) has revealed that the last three double-track railway routes have been approved for construction, with an estimated investment of more than 164 billion baht.

The 678-kilometer routes were part of a total of seven double-track railway megaprojects. They include the 168.2km Chumphon-Surat Thani route, costing 30.4 billion baht; the 321km Surat Thani-Songkhla route (66.2 billion baht); and the 189km Denchai-Chiang Mai route. Continued …

American looks for dad’s Thai ex-girlfriend during Vietnam War

A user in the Reddit social network has posted his intention to look for a former Thai girlfriend of his father who was near the northeastern province of Nakhon Phanom during the Vietnam War.

He wrote late last week that his father, a white American, had been near Nakhon Phanom between 1968 and 1971 and missed his Thai girlfriend who was called “Oi”. The social platform user wrote he would like to know more about her. Continued …

Phuket’s soaring costs squeeze expats and locals alike

Phuket and Thailand, once an oasis for budget-conscious expats seeking an idyllic escape, now face a harsh reality. The cost of living has skyrocketed since 2022, squeezing not just frugal expats but also Thai households already grappling with stagnant wages and high inflation.

This isn’t just about cutting back on beach-side cocktails; basic necessities like food are becoming increasingly expensive. Continued …

French ‘Cult Leader’ Held for 3-Month Visa Overstay in Thailand – Continued …
British pedophile’s 30-year Thai escape leads to 30 new charges – Continued …
Foreign man caught urinating on tuk tuk amid traffic jam in Phuket – Continued …

Email link – kenbrown@businessclassasia.com

Darkest days before the dawn

The economy is currently at one of its bleakest points, but economic experts expect the situation to bottom out in the second half of the year now that the national budget has been rolled out.

Things usually seem to be at their worst just before they get better, and the same can be said for the Thai economy, according to Nonarit Bisonyabut, an economist at the Thailand Development Research Institute (TDRI). Continued …

Ministry keeping a close eye on prices

The Commerce Ministry is monitoring prices in 18 categories during the second half of the year, following an increase of up to 9% in transport costs for the logistics sector.

According to Wattanasak Sur-iam, director-general of the Internal Trade Department, the 18 categories being monitored are: instant noodles, fresh food, canned food, bagged rice, seasoning sauce, vegetable oil, carbonated drinks, milk and dairy products, electrical appliances, laundry products, fertilizers, insecticides, pet food, iron, cement, paper, medicine and medical services, and services through retail and wholesale channels. Continued …

Thai PM Defends Changes to Property Rules for Foreign Buyers

Prime Minister Srettha Thavisin has defended new regulations easing property restrictions for foreign buyers in a bid to attract international investment.

The controversial changes would allow foreigners to own up to 75% of condominium units and extend property leases to 99 years. This move, widely criticized for favoring capitalists, aligns with international practices, according to the prime minister. Continued …

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

The Thai government is considering changes to real estate laws to attract more foreign investment. Proposed amendments include extending land lease periods to 99 years and increasing the allowable foreign condo ownership quota to 75%.

These changes are intended to stimulate the real estate market, boost foreign confidence and investment, and address the decline in property sales. The amendments would also provide long-term residence options for foreigners and make city properties more affordable for locals. Continued …

New regulations to protect online shoppers

The Thai government has announced new regulations known as “Dee-Delivery” to better protect online shoppers. Minister of the prime minister’s office, Jiraporn Sinthuprai, revealed these measures aimed at enhancing transparency and combating online fraud while speaking at a press conference.

Taking effect this July, as soon as they are published in the Royal Gazette, these regulations will usher in stricter oversight of online transactions. Continued …

Businesses severely impacted by declining purchase power

The business sector is in turmoil as purchasing power continues to deteriorate. Retail and wholesale businesses, as well as restaurants in provincial areas, are experiencing a 30%-40% drop in sales, raising concerns that liquidity issues may spread further.

Business operators are urging the government to support stimulus measures like the “half-half” scheme, the co-payment package introduced following Covid, and the blue flag program to address the cost of living crisis. They view the digital wallet initiative as ineffective for small businesses due to its complex conditions and slow fund transfers. Continued …

Thailand’s House Approves 3.75 Trillion Baht Budget for 2025

Thailand’s House of Representatives has approved the 3.75-trillion-baht budget for the 2025 fiscal year. The decision came after a parliament session that saw 311 votes in favor, 175 against, and two abstentions. A 72-member House committee, including both government and opposition figures, will now scrutinize the bill over the next 30 days.

Deputy Prime Minister and Commerce Minister Phumtham Wechayachai expressed gratitude toward the MPs and urged the committee to incorporate their recommendations. Continued …

Political risk weighs on economy

Thai politics is nearing a turning point, as next month the political fate of Prime Minister Srettha Thavisin and the leader of the opposition Move Forward Party (MFP) are scheduled to have their cases decided by the Constitutional Court.

There is uncertainty about the rulings, slated for July 3 for the dissolution case against the MFP and July 10 for Srettha’s case, with the business sector concerned about the effect on the Thai economy if the current administration is disrupted. Continued …

Hotels to get fee waiver extension

The Interior Ministry will ask the cabinet to keep the present waiver on operation fees for hoteliers for another two years to support the recovery of the tourism sector, says Interior Ministry spokeswoman Traisuree Taisaranakul.

Under the draft regulation, hotel operators will be exempt from paying the 40-baht-per-room annual fee for a further two years from July 1 this year to June 30, 2026, she said. Continued …

Four fruits help shore up Thailand’s export growth in May

Durian, mangosteen, longan and mango are the four rising-star fruits that contributed to Thailand’s export growth in May, according to the Commerce Ministry.

According to the report, the volume of these four seasonal fruits increased the country’s exports by 7.2% last month to 960.22 billion baht, resulting in a surplus for the first five months of the year. Continued …

Thailand to rake in Bt7.5 billion from films

The Ministry of Tourism and Sports expects Thailand to earn 7.5 billion baht from foreign film productions this year, a 10% hike compared with last year’s figure.

Tourism and Sports Minister Sermsak Pongpanich yesterday said the ministry was confident the target was achievable, especially after the filming of White Lotus Season 3, a hit HBO series being shot in Bangkok, Phuket and Koh Samui. Continued …

AI to impact less than 4% of Thailand’s service sector jobs

Artificial intelligence (AI) is projected to have a limited impact on employment in Thailand, with fewer than 4% of service sector workers at high risk of being replaced by the technology, according to Kasikorn Research Center (K-Research).

A study conducted by Microsoft and LinkedIn revealed that 74% of Thai business leaders, compared to 66% globally, stated they would not hire candidates lacking AI skills. Continued …

What are the potential economic benefits of legalized same-sex marriage?

Thailand’s senate has approved the final reading of a significant marriage equality bill, clearing the path for the country to potentially become the first in Southeast Asia to legalize same-sex marriage.

But beyond the social and legal implications, could the bill also have a positive impact on Thailand’s economy? Some experts and activists think so. They argue that legalizing same-sex marriage would boost the country’s tourism industry, attract foreign investment, and foster a more inclusive and productive workforce. Continued …

Thailand Extends Free Tourist Insurance Until Year-End

Thailand’s Ministry of Tourism and Sports has extended its free insurance campaign for international visitors until the end of December. Originally slated to expire on Aug.31, the program has been in place since Jan. 1 and offers critical coverage for accidents, emergencies, and deaths.

The extended insurance program provides substantial coverage: up to 1 million baht for cases of death, 300,000 baht for incidents resulting in permanent disabilities or organ loss, and up to 500,000 baht for medical expenses due to accidents. Continued …

Thailand Welcomes 16 Million Tourists in 2024, Sees Surge in Middle Eastern Visitors

Thailand recorded 16 million foreign tourists from Jan. 1 to June 16 of this year, according to the figures released by the Ministry of Tourism and Sports.

The ministry on June 19 reported that the Eid al-Adha Islamic holiday led to a significant 97.8% increase in tourists from the Middle East. There were also increases in tourists from Malaysia, Indonesia, and Singapore by 33%, 37.7%, and 17.9%, respectively. Continued …

Thai private hospitals seek to capitalize on medical tourism

Private hospitals in Thailand have expanded their services, such as opening new medical centers and adopting new technology, in a bid to penetrate the global medical-tourism market.

According to an economic forecast by TMBThanachart Analytics, Thai private hospitals are expected to generate more than 322 billion baht in revenue this year, up 4% from the previous year’s 314 billion baht. Continued …

Foreign Tourist Surge Boosts Thai National Park Revenue by 21%

Marine national parks on both the Andaman coast and the Gulf of Thailand have increasingly attracted more foreign tourists this year. The revenue in nine months has surpassed that of the entire budget year of 2023, increasing 21%.

On June 22, the National Park Office released information on national park fee collection for the first nine months of the fiscal year, from Oct. 1, 2023, to June 20, 2024. The total amount collected was 1.785 billion baht (about 48.6 million USD). This is a record-breaking figure, surpassing the entire year’s collection of 2023, which was 1.467 billion baht (about 40 million USD). Continued …

Thailand Acts Against ‘Price-Dumping Tours’ to Safeguard Tourism

The Thai Ministry of Tourism and Sports has launched a decisive effort to combat “price-dumping tours,” an issue that mirrors the notorious zero-dollar tour model utilized by some Chinese firms with Thai collaborators.

This crackdown follows concerns raised directly with Prime Minister Srettha Thavisin by Sisdivachr Cheewarattanaporn, president of the Association of Thai Travel Agents. Continued …

High airfares to persist as travel booms, new AirAsia boss says

There’s no end in sight to the high airfares that are a mainstay of the world’s post-pandemic travel boom, according to Asia’s biggest low-cost carrier.

Travelers may see a little reprieve next year as jet fuel prices decline and the airline’s flight capacity rises, said AirAsia Aviation Chief Executive Officer Bo Lingam, who will head a new listed entity called AirAsia Group following a merger between the company’s short- and long-haul operations in September. But strong demand means airfares are unlikely to return to pre-pandemic levels any time soon, he said. Continued …

Thailand ranked the sixth best MICE destination in Asia Pacific

Thailand is ranked as one of the world’s best MICE (meetings, incentive travel, conventions, and exhibitions) destinations, which generated over 1.2 trillion baht over the last eight years, according to Jirut Issarangkul Na Ayudhaya, president of Thailand Convention and Exhibition Bureau (TCEB).

His remarks came after several international organizations praised the country as one of the top destinations for organizing meetings and exhibitions. Continued …

I’ve been denied entry to Thailand – Now What?

What happens if you are being denied entry into Thailand? Tod Daniels, visa expert at ASEAN NOW visa forum, was asked what do do in this situation.

Tod: The first thing is do not panic; hundreds of people per week are denied entry and it is not the end of the world or of your time in Thailand. Continued …

Body of missing Belgian man found after ignoring red flag in Phuket

A Belgian man drowned after ignoring a red flag warning on Freedom Beach in Phuket. Thai netizens’ opinions were divided. Some expressed condolences to his family, while others condemned him for being reckless and causing trouble to rescuers.

According to a report on Saturday, two accidents were reported on Kata and Freedom beaches. In the first incident, two victims got into trouble in the sea after violating the warning sign on Kata Beach but lifeguards managed to help them safely. Continued …

I helped save 13 young footballers trapped in a cave, but life still goes on as normal

John Volanthen is humble. He lives quite a normal life in Bristol, with a young son, working as an IT consultant.

But six years ago, he was thrust onto the world stage after helping in the rescue of 13 young Thai football players and their coaches from an underwater cave in Tham Luang. What began as a hobby he loved in Scouts eventually allowed him to help save their lives. Continued …

Construction Company Shares Impact of Employee Mission Trip to Thailand

As part of their global mission trip program, Shook Construction sent 10 employees to Wiang Pa Pao, Thailand, in February 2024 – including two team members from Raleigh – to help build a new girls’ home that would house 12 children who have been rescued from trafficking, abuse, and more.

The project had an immense and immediate impact on the local mission. Shook recently released a documentary about the trip, The Bricks that Bind Us, in the hope of inspiring others to support the communities most in need. Continued …

Thailand has its own truffles, Chiang Mai researchers find

Truffles, hailed as a “priceless treasure of the culinary world”, are a staple ingredient for chefs in the most luxurious restaurants. They are one of the most exquisite ingredients revered in the culinary sphere and play a crucial role in Michelin-starred restaurants. And interestingly, Thailand has also been found to host truffles.

Initially, the consumption of truffles in Italy and France was predominantly a privilege of the elite because of their scarcity and exorbitant price. Continued …

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