Tag Archives: trade deficit thailand

Wednesday’s news-Jan 31

Today’s news: Tax briefing on foreign income/Thailand faces thunderstorms/Barbecue heath risks/Monsoon Valley Harvest Festival/Free Kayaking/PP United wins/Expired food safety concerns/Thailand falls 7 places in corruption survey/Thailand’s Cannabis Roll Back/Thailand’s Cannabis empire/Economy: Transport Ministry outlines projects/China-Thailand rail must be sped up/Factory output drops/Trade deficit with China/Thai workers overseas contribute/Most desirable employer in Thailand/Tourism: Tourists in speedos at Phuket airport/Tourists in Briefs Ignite Fury/Online searches up seven-fold/Extended tourist visas/Environment: PM2.5 at critical level in Bangkok/Thailand Experience: Unveiling Baan Krua’s rich heritage/International news/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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Tax briefing on foreign income set in Hua Hin Friday

Following the recent changes in Thai tax regulations requiring residents to pay personal income tax on income brought into Thailand from overseas, the BCCT Pre-Connecting Western Seaboard (Hua Hin) Tax Briefing event aims to shed more light on the situation.

The event is free to attend and should not be missed by anyone who is potentially affected by the issue. The event takes place before the BCCT networking at Holiday Inn Vana Nava Hua Hin, scheduled for Friday from 5 to 6 pm. Continued …

Thailand faces thunderstorms and high waves

Today’s weather update signals turbulent conditions across the country, with the Meteorological Department of Thailand (TMD) issuing an alert for thunderstorms in 20 provinces. The forecast warns of high waves exceeding 2 meters in the southern seas, while the northern region experiences a significant drop in temperature.

The weather pattern over the upper northern region is influenced by a westerly wind in the upper levels, leading to cooler air and a temperature decrease. This development is expected to continue until tomorrow, with the lowest temperatures ranging from 15 to 22 degrees Celsius and the highest from 27 to 33 degrees Celsius. Continued … 

Diners warned of barbecue heath risks

A Department of Health Service Support (DHSS) survey has revealed five health risks from tabletop barbecue buffet dining.

Dr. Samart Thirasak, DHSS deputy chief, said that from Dec. 4-22, the department conducted a monitoring survey on 26,889 restaurant-goers nationwide and found about 32% often patronized DIY barbecued pork buffets. Continued …

Monsoon Valley Harvest Festival Feb 17-25

A wonderful time of year to visit any vineyard is harvest time. It is when the grapes are being picked and processed, offering a unique opportunity to witness the wine-making process and to see the vineyard at its most active.

In February, the Monsoon Valley Harvest Festival 2024 is happening at Hua Hin’s Monsoon Valley vineyard. This year’s festival, happening from Feb. 17-25, promises an immersive and fun experience into the world of wine making. Continued …

Final opportunity for free Kayaking at Sirinart Rajini Mangrove Ecosystem

The Sirinart Rajini Mangrove Ecosystem Learning Center in Pak Nam Pran is offering its last free kayaking sessions for this season in February. This unique opportunity allows participants to experience the mangrove ecosystem up close along the scenic Klongkoy Canal.

The kayaking journey stretches over 1.5 kilometers, offering a rare chance to engage with the local environment in a way that is both educational and enjoyable. Continued …

PP United wins Orchid Palm Homes Cup IX

The Orchid Palm Homes Cup IX produced some late drama with PP United anxious spectators in the final match. The team was left hoping that top placed Black Mountain slipped to a defeat at Wat Nalom in the last game of the day.

Black Mountain was undefeated and knew that a win would guarantee it the top spot but it was Wat Nalom who came out on top, securing its first victory of the day to consign the hosts to second place. PP United ultimately ran out as winners in this Under 13 tournament at the Hua Hin International School, with two wins and two draws. Continued …

7-Eleven addresses expired food safety concerns

Concerns over the consumption of expired food products have recently been addressed by the official 7-Eleven account, following a query posted by a consumer. The question raised was whether a packet of fried rice purchased from 7-Eleven, which had passed its expiration date by just a few days, was still safe to eat.

An online forum member initiated the discussion with a post titled, “Can I eat 7-Eleven’s crab fried rice that expired yesterday?” Continued …

Thailand falls 7 places in corruption survey

Thailand has fallen seven places, to 108th out of 180 countries, in the annual survey on corruption published by Transparency International.

The Corruption Perceptions Index 2023, released on Tuesday, ranks countries by their perceived levels of public-sector corruption according to experts and business people. Scores are assigned on a scale of zero (most corrupt) to 100 (least corrupt). Continued … 

Thailand’s Cannabis Roll Back: From Laissez-Faire to Structured Framework

Earlier this month, Thailand Public Health Minister Cholnan Srikaew proposed a new bill that would effectively roll back the country’s pioneering adult-use cannabis legalization.

In the latest example of a stark shift in cannabis policy following a change in administration, something likely to be repeated globally throughout 2024, cannabis in Thailand is expected to soon be reserved for medical purposes only. Continued …

Thailand’s Cannabis empire worth an estimated 2 billion baht

Cannabis in Thailand since its decriminalization on June 9, 2022, not only marked a monumental step forward in the entire Southeast Asian region but also an opportunity for an estimated whopping 2 billion investment value to the Land of Smiles.

Enter Every Day Cannabis Co., which provides professional consulting, as well as agricultural planning and technology. Every Day Cannabis company was founded by Jason Jade Thanyasiri, a veteran of cannabis agriculture and sales. With participation since 2017 the beginning of cannabis research and development, Jason has been actively involved with agricultural planning, farming, development and collaboration, with several original founding cannabis pioneers such as Kris Thirakaosal, former CEO of GTG, since its introduction to medical research in Thailand. Continued …

Transport Ministry outlines its projects for 2024

The Ministry of Transport has allocated 389.75 billion baht to fund transportation projects as part of the government’s plan to create a seamless transportation system in Thailand.

Transport Minister Suriya Juangroongruangkit revealed on Tuesday that the transportation projects for this year include 64 projects set to become operational and 31 new projects on which construction is slated to commence. He also mentioned 57 new investment projects for 2025 with a combined investment value of 263.016 billion baht. Continued …

Beijing says construction of China-Thailand rail must be sped up

China and Thailand need to speed up the construction of a delayed, high-speed railway to link their countries, Chinese Foreign Minister Wang Yi told Thai Prime Minister Srettha Thavisin on Monday at the end of a three-day visit to Bangkok.

“The two sides should jointly advance high-quality Belt and Road cooperation, speed up the construction of the China-Thailand railway, and open the central line of the Trans-Asian Railway,” Wang said to Srettha at their meeting, the statement said. Continued …

December factory output drops 6.27% y/y

Thailand’s manufacturing production index in December fell 6.27% from a year earlier, as car production output declined, the Industry Ministry said today.

The figure compared with a forecast for a 3.2% year-on-year fall for December in a Reuters poll, and followed November’s 4.71% decrease. Continued … 

Thailand’s trade deficit with China reaches record high

For the fifth consecutive year, Thailand recorded a trade deficit with China in 2023, the highest yet at US$36 billion, up from $29 billion in 2022.

The deficit is the result of Thailand importing more goods from China than it exports. In 2023, Thailand’s imports from China totaled $105 billion, while its exports were just $69 billion. Continued … 

Thai workers overseas contribute 60 billion baht in Q1

Over 21,000 Thai workers were dispatched overseas in the first quarter of the 2024 fiscal year, generating nearly 60 billion baht (US$1.69 billion) in remittances, as disclosed by a leading labor representative.

The period of October to December saw 21,281 Thais heading overseas for work, half of whom, numbering 10,024, were recruited by the private sector, according to Pairoj Chotikasathien, the permanent secretary for labor. Continued …

Google ranked as most desirable employer in Thailand

WorkVenture released its “Top 50 Companies in Thailand 2024” list at a recent gala dinner, with Google maintaining its position as the most desirable employer for the sixth year.

The survey, which included over 11,452 young professionals aged 22 to 35 with at least a bachelor’s degree from Bangkok and surrounding areas, provides a comprehensive look at the Thai labor market in 2024. Continued …

Tourists make splash in speedos at Phuket airport

A Facebook user sparked viral attention after sharing an image in the Thai Tourism group, Du Lịch Thái Lan, capturing the unusual sight of two foreign tourists clad in tiny speedo trunks at Phuket International Airport.

The social media post, by Bui Thi Huong, which rapidly garnered over 500 likes, featured a caption in Vietnamese saying, “Heard that Phuket Airport is right by the beach, feels like I’m gonna puke,” humorously alluding to the proximity of the airport to the sea. Continued …

Tourists in Briefs Ignite Fury in Thailand

In recent weeks, Thailand has once again found itself at the center of a cultural controversy, thanks to the actions of foreign tourists that have sparked widespread debate across social media and within the local community. This discourse is not new to Thailand.

However, the recurring theme of cultural insensitivity displayed by some Western tourists while visiting the kingdom raises profound questions about respect, cultural relativism, and the seemingly double standards that pervade international tourism. Continued …

Online searches for Thailand up seven-fold in China

There has been a significant rise in online searches for Thailand in China since both countries signed a reciprocal visa waiver agreement. Google Trends is reporting a 7-fold increase in searches for “Thailand tourism” in China.

But, so far, this searching hasn’t resulted in a sudden rise in actual Chinese tourists, although a surge is expected in the lead up to the Chinese New Year celebrations, especially in Phuket and parts of Bangkok, where the CNY is widely celebrated. Continued …

TAT calls for extended tourist visas

The Tourism Authority of Thailand (TAT) is asking the government to extend the visa-free stay duration for long-haul tourists, including those from the United States and Europe, to 90 days, aiming to lift long-haul revenue to 40% of the country’s total in 2024.

Longer-duration visas would help increase average length of stay and maximize spending per trip, said Siripakorn Cheawsamoot, the TAT deputy governor for Europe, Africa, the Middle East and the Americas. Continued …

PM2.5 at critical level in Bangkok and several provinces

The air quality in Bangkok and its vicinity was at a critical level when measured at 6am today. The average PM2.5 level in Bangkok is 86 micrograms per cubic meter (µg/m3), which is in the red zone, meaning it has a significant impact on health.

The main causes of PM2.5 are the burning of fossil fuels from vehicles, industrial plants, and agricultural activities. The current weather conditions in Bangkok and its vicinity are characterized by still air, which is causing the accumulation of small particles, resulting in critical air quality. Continued …

Unveiling Baan Krua’s rich heritage through Its signature dish

Many Thais are familiar with the Muslim community of Baan Krua mainly because of its fight several years ago against a planned expressway, which would have eaten up a significant part of the community had it gone ahead.

Many foreign tourists visit the community to witness silk weaving, considered the backbone of Jim Thompson silk, as the community is the original supplier of the silk brand. However, another reason to explore this historically rich community is to savor the food heritage that has been passed down through the generations. Continued …

IMF says global ‘soft landing’ in sight, raises 2024 growth outlook

The International Monetary Fund on Tuesday edged its forecast for global economic growth higher, citing faster-than-expected easing of inflation. The IMF’s chief economist, Pierre-Olivier Gourinchas, said the global lender’s updated World Economic Outlook showed that a “soft landing” was in sight, but overall growth and global trade remained lower than the historical average. Continued …

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