True iService app -

Subscribe to Blog via Email

Baht tipped to rise to 36.1/Heavy rain and high waves forecast/Bus routes to link airports/Baby twin elephants receive blessings/University Degree-Buying Scandal/True iService app unveiled/Blaze Takes Lives of 21 Cats/Flooding Thailand with meth/Why Aren’t There More Christians?/Economy: Stronger growth needed/Thailand gears up for digital wallet launch/PM to announce all details of digital wallet/Social Security’s survival mapped out/Crucial for Thai agriculture/Thailand, Japan join hands/Thai AirAsia expects profit to hit record/Chinese EV price cuts/7 billion baht for EV subsidies/Food waste a major contributor/KFC Thailand’s CMO/Form cannabis impact panel/Thai cannabis market worth billions/Tourism: TAT eyes 7.5% revenue growth/Luxury tourism niches/Boost appeal to Muslim tourists/Incentives for Chinese Airlines/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

Baht tipped to rise to 36.1 to the greenback

The baht could appreciate further to 36.1 to the U.S. dollar in the short term following recent gains to a one-month high on Monday, as weaker than expected U.S. economic data prompted the market to anticipate the Federal Reserve may start trimming U.S. interest rates in September.

The Thai currency led Asian currency gains, trading at 36.4 baht to the dollar on Monday morning, up 0.4% from Friday’s close of 36.58, as investors rushed to sell dollars after personal consumption expenditure (PCE) and core PCE pointed to cooling U.S. inflation. Continued …

Heavy rain and high waves forecast across Thailand

The Meteorological Department of Thailand (TMD) issued a warning about the southwest monsoon covering the Andaman Sea and the Gulf of Thailand, causing waves exceeding two meters and heavy rain across Thailand, including Bangkok and its vicinity, with thunderstorms expected in 60% of the area.

The TMD forecasts weather conditions for the next 24 hours, highlighting the impact of the southwest monsoon over the Andaman Sea, Thailand, and the Gulf of Thailand. This weather pattern is expected to result in thunderstorms and heavy rainfall in various regions of the country. Continued …

Bus routes to link airports

State-run bus operator Transport Co. will launch bus services to three major airports run by Airports of Thailand (AoT) and open ticketing offices in an effort to allow seamless travel to destinations in other provinces, the company announced on Monday.

The so-called feeder buses will serve mainly principal cities, tourism hotspots, and some secondary provinces, including Pattaya city in Chon Buri, Chanthaburi, Trat, Nakhon Ratchasima and Hua Hin district in Prachuap Khiri Khan. Continued …

Baby twin elephants receive blessings from monks

The Royal Elephant Kraal Village in Ayutthaya’s Suan Prik subdistrict on Sunday hosted a merit-making ceremony to celebrate the world’s first twin elephants of different sexes reaching the age of one month. A 36-year-old elephant named Pang Jamjuree gave birth to male and female calves on the night of June 7. The male calf weighs in at 104.9kg and the female at 62.15kg. Both are showing healthy growth under the constant supervision of veterinarians and caretakers. (The Nation)

Minister Supamas Acts Swiftly Amid University Degree-Buying Scandal

In an effort to maintain academic respectability, Higher Education, Science, Research and Innovation Minister Supamas Isarabhakdi pledged to take immediate action over accusations of a private university purportedly trading degrees to rich students without requiring them to attend classes.

Whisperings surrounding this issue led to an announcement yesterday by Minister Supamas about the creation of a formal inquiry committee headed by the ministry’s Deputy Secretary, Supachai Pathumnakul. While the minister did not directly name the accused university, speculation is rife that it belongs to the city of Phitsanulok. Continued …

Latest True iService app unveiled

True Corp. has launched a new version of its True iService application powered by artificial intelligence (AI) to unify all of its services in one place, aiming to enhance customers’ digital life through the gateway concept.

Nititum Kovitgoolkri, head of the product and services division at True Corp., said the company aims to bolster its service and elevate the customer experience through development of True iService into a comprehensive digital service hub for customers. Continued …

Blaze Takes Lives of 21 Cats from Poor Woman, 5 Survive

A tragic fire broke out at 4-story commercial building in a residential area in Bangkok, late Sunday night, killing 21 cats that were under the care of a female traditional massage therapist.

Officials took 10 minutes to control the fire. There were no human injuries or fatalities. However, 21 cats on the second floor died. Officials managed to save five cats that had inhaled smoke. The owner cried, both saddened by the loss of the beloved cats and grateful that officials were able to save five of them. Continued …

Myanmar rebels flooding Thailand with meth

Armed ethnic groups are producing more illicit drugs to traffic in or through Thailand to finance their fight against the forces of the Myanmar government, a senior army officer said on Monday.

The Pha Muang Force had seized 151 million methamphetamine pills so far this fiscal year, a leap from 42 million in the same period last year. It also confiscated 256 kilograms of heroin and 1,350 kilograms of crystal meth, known as “ice”. Continued …

Missionaries Have Gone to Thailand for 200 years. Why Aren’t There More Christians?

In Asia, Thailand is the go-to location for Christian conferences. Thanks to its sunny weather, low cost of living, bountiful hotels, and close proximity to countries closed to missionaries, Thailand is often the gathering spot for missionaries and international evangelical organizations.

Though Theravada Buddhists make up about 93% of the population, the Thai government is open and accommodating to Christian groups, to the point where the country has become a popular spot for numerous mission agency headquarters. Continued …

Email link – kenbrown@businessclassasia.com

Russian man arrested with 300,000 baht in fake euros in Pattaya

Continued …

Monks and Abbot Disrobed After Drug Scandal Rocks Phetchabun Temple

Continued …

Central bank chief says stronger growth needed

Thailand’s economic recovery is uneven and stronger growth is needed, Bank of Thailand (BoT) governor Sethaput Suthiwartnarueput told a seminar.

Sethaput said Thailand’s potential economic growth rate of about 3% was not high enough. The central bank has forecast economic growth of 2.6% this year and 3% next year. Continued …

Thailand gears up for digital wallet launch: 10,000 Baht Payout Per Citizen

Thailand is preparing to launch an innovative digital wallet initiative, sponsored by the government, that aims to distribute 10,000 baht to every citizen. This move is part of a wider effort to stimulate economic growth by encouraging consumer spending within local markets.

Deputy Finance Minister Paopum Rojanasakul recently clarified details of the project timeline and addressed opposition concerns regarding potential misuse of funds and procedural delays. Continued …

PM to announce all details of digital wallet scheme on July 24

Prime Ministre Srettha Thavisin will announce the complete details of the government’s digital wallet handout scheme on July 24, Deputy Finance Minister Paopoom Rojanasakul said.

The details will include the list of products that digital money recipients can buy and the dates when potential recipients and vendors can register to participate in the project, Paopoom said on Monday. Continued …

Path to Social Security’s survival mapped out

The Social Security Fund’s accumulated total is projected to reach 5 trillion baht by 2025, but this amount risks being drastically depleted by 2054 due to two major factors: increasing life expectancy and declining birth rates, leading to a shrinking workforce and low contribution rates.

The Thailand Development Research Institute (TDRI) and the insured’s representatives are proposing such solutions as adjusting the criteria for old-age pensions, recalculating social security, raising the retirement age, modifying the contribution ceiling, and increasing the number of insured individuals in other categories to ensure the fund grows and remains solvent. Continued …

Political mindset crucial for Thai agriculture

Thailand needs a political mindset on agricultural policies to cope with the impacts of the changing landscape of markets, climate change, advanced technology, and aging population.

The need to rethink the way agriculture is handled comes as the Thai GDP expanded only 1.5% year on year in the first quarter, mainly due to the ongoing US-China trade war and the impact of geopolitical conflicts on the global economy, according to the National Economic and Social Development Council. Continued …

Thailand, Japan join hands to reduce greenhouse gas emissions

Thailand and Japan have partnered under the joint crediting mechanism (JCM) to reduce greenhouse gas emissions and promote low-carbon technology to achieve goals set in the Paris Agreement.

Adopted in 2015, the international agreement aims to limit global warming to 1.5°C, and work to reduce CO2 emissions to net zero by 2050. Continued …

Thai AirAsia expects 2024 core profit to hit record

Asia Aviation Plc, owner of Thailand’s biggest low-cost airline, expects record earnings from core operations this year, as a surge in overseas visitors boosts seat demand and airfares.

Thai AirAsia, the company’s 100%-owned budget airline unit, also intends to add more flights to China and India to capitalize on a boom in travel from its two biggest markets, Asia Aviation Chief Executive Officer Santisuk Klongchaiya said in a July 4 interview in Bangkok. Continued …

Chinese EV price cuts get official green light

The Trade Competition Commission of Thailand (TCCT) says price wars among electric vehicle (EV) dealerships do not violate the trade competition law, but rather foster competition.

Visanu Vongsinsirikul, secretary-general of the TCCT, said recent price slashing by Chinese EV brand BYD in Thailand is not considered a violation of the Trade Competition Act of 2017, as the product is not being sold below production costs. Continued …

Thai government seeks 7 billion baht for EV subsidies

The Thai government plans to request an additional 7 billion baht in funding to support the promotion of electric vehicles (EVs). This effort aims to subsidize 35,000 EVs, with expectations for EV production facilities to compensate with 80,000 to 90,000 units in the first year. Over 30 automotive companies are participating in the initiative.

Previously, the department had already disbursed over 7 billion baht in subsidies, supporting 40,000 EVs. The total subsidy expenditure thus far amounts to around 14 billion baht. Continued …

Food waste a major contributor to global warming, Thai company trying change that

Over a billion metric tons of food is wasted each year. Food waste management is crucial — the issue currently contributes 10% of global greenhouse gas emissions at a time when 783 million people around the world face chronic hunger.

According to the most recent UN Environment Program’s Food Waste Index Report, about 28% of food waste is from food services. Now, one Thai company is trying to lower that statistic. Continued …

KFC Thailand’s CMO on local flair, innovation, and his recipe for success

Anyone in the quick-service restaurant (QSR) industry knows the term “quick” is a misnomer. Sure, the delivery is fast, but behind the scenes there is a meticulous strategy of pricing, adaptation, understanding local tastes and culture, and a commitment to long-term brand building.

Suhayl Limbada, the chief marketing officer at KFC Thailand, embodies this ethos, steering the brand through the complexities of a market renowned for its rich and diverse culinary traditions. Continued …

Government urged to form cannabis impact panel

Cannabis advocates are calling on the government to set up a committee to study the impacts of the plant before proceeding to relist it as a narcotic.

Prasitchai Nunual, secretary-general of the Writing Thai Cannabis’ Future group, which held a protest near Government House on Monday, said the study should cover physical health, mental health, its effects on society and its therapeutic benefits compared to tobacco and alcohol. Continued …

Recriminalization of hemp, pot would wipe out Thai cannabis market worth billions

More signals surfaced last week indicating Thailand is likely to reverse course on cannabis by shutting down a combined legal CBD and marijuana market projected to reach billions in value. A key drug committee passed a resolution that would limit products made from flowers of both marijuana and industrial hemp to medical applications that require a doctor’s prescription.

The country famously joined a trend toward 1.0% THC by dry weight allowable in hemp crops in 2019, setting a separate limit of 0.2% for food and cosmetics products. The country then removed all cannabis from its Narcotics Act and decriminalized cultivation and possession in December 2020, opening up the market for CBD and pot. Continued …

TAT eyes 7.5% revenue growth in 2025

The Tourism Authority of Thailand (TAT) is targeting 7.5% revenue growth or 3.4 trillion baht in 2025, while private operators suggest offering subsidies for airfares to accelerate income.

During the TAT Action Plan 2025 meeting on Monday, board Chairman Natthriya Thaweevong said as the government aims to designate 2025 the “Thailand Grand Tourism Year”, the industry could be the fastest-growing sector among the eight pillars of the “Ignite Thailand” scheme. Continued …

Report pinpoints luxury tourism niches

As Asia-Pacific continues to be a growth engine for luxury travel, a new report from the Luxury Group by Marriott International has identified new expectations and travel preferences among wealthy travelers in the region.

Across Asia-Pacific, 68% of those surveyed are planning to spend more on leisure travel over the next 12 months. Some 74% of respondents are planning to travel within Asia-Pacific, and 88% are prioritizing gastronomy as the reason to travel. Continued …

Government keen to boost appeal to Muslim tourists

The government will continue to develop a strategy to turn Thailand into the region’s hub for halal tourism, according to spokesman Chai Wacharonke, adding Prime Minister Srettha Thavisin has ordered all tourism-related agencies to promote the country as a Muslim-friendly destination.

Chai’s statement on Monday came after Thailand came in fifth among non-OIC (Organization of Islamic Cooperation) countries on the Global Muslim Travel Index (GMTI) published by Crescent Rating and Mastercard, which ranks countries based on the conveniences they offer to Muslim travelers — including halal food options, travel environment and ease of accessing a place of worship. Continued …

Thailand Wants To Offer Incentives for Chinese Airlines

The Tourism Authority of Thailand (TAT) is negotiating with the Civil Aviation Authority of Thailand (CAAT) and Airports of Thailand (AOT) to increase the number of slots for flights from China to Thailand.

They are proposing incentives to encourage airlines to add more flights to secondary cities. If the number of slots is increased by only 10% in the fourth quarter, monthly tourist arrivals could exceed 1 million and the annual target of 8 million Chinese tourists could be reached. Continued …

Saudi Aramco Cuts Oil Prices for Asian Market Amid Demand Weakness

Saudi Aramco, the world’s top crude exporter, has cut prices for its oil grades to Asia for two consecutive months, signaling a perception of weak demand in its key market. The company reduced the official selling price for August shipments by $0.60 to $1.80 per barrel over the Oman/Dubai average, reflecting challenges faced by OPEC producers amid increasing supply from non-OPEC nations. Continued …

Singapore says yes to edible insects in boost to food security

Certain types of grasshoppers, moths and crickets could be appearing on Singapore’s supermarket shelves and restaurant tables after the government approved the import of insects and insect products for human consumption and animal feed. Continued …

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