Tag Archives: us-thailand trade

baht, bangkok, hua hin, marijuana, thai economy, thailand, tourism, transportation

Friday’s news-Sept 22

September 22, 2023 Hua Hin Expat News

Today’s news: Baht depreciation expected to deepen/Rain continues/Global Gen Z and Millennial Survey/Weakening baht not all bad/All in on Green Economy/PM talks up US trade ties/Land bridge project/EV, battery demand/Use of cannabis must be regulated/Small cannabis businesses in limbo/Tourism applauds vow to tackle cannabis/Suvarnabhumi’s SAT-1 terminal/10 Things To Buy In Bangkok/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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Baht depreciation expected to deepen amid global market volatility

Financial experts are predicting a further depreciation of the baht throughout this month and next, due to the increased volatility in the global money and capital markets. This follows the U.S. Federal Reserve’s recent suggestion of a potential increase in its benchmark interest rate.

Poon Panitchpibun, a strategist at Krungthai Global Market, a research center of Krungthai Bank, noted that the baht opened on Thursday at 36.25 against the U.S. dollar, a depreciation from the previous day’s close of 36.07. Continued …

Rain continues for most regions

Thunderstorms, strong winds and heavy rain in the northeastern, eastern, lower central and the southern regions will continue throughout today, with Bangkok and the surrounding area having an 80% chance of downpours.

For the next 24 hours, eastern and northeastern regions of Thailand will experience strong easterly winds, while the southwestern part of the Gulf of Thailand and the western side of the country will experience light westerly winds. Continued …

Deloitte Thailand releases Global Gen Z and Millennial Survey

The survey highlights the cost of living as the top concern among both generations in Thailand. Thai Gen Z and millennial workforce are, on average, more satisfied with their current work/life balance in their job and their organization’s DEI efforts compared to the global average.

Deloitte Thailand reveals the results of the Global 2023 Gen Z and Millennial Survey, which also reflects on country-specific perspectives of Gen Z and millennials, including Thailand, toward the economy, society, and environment, compared to the global average across the same generation. Continued …

Thailand’s weakening baht not all bad for economy, prime minister says

Thailand’s central bank is monitoring the weak baht, which is not entirely bad for the economy and could help the key export and tourism sectors, the prime minister said in remarks aired on Thursday, as the baht hit multi-month lows.

Srettha Thavisin, speaking during a visit to the United States, said the government was not interfering in the central bank’s duty. The Thai currency’s depreciation was driven by capital outflows due to interest rate differentials, Srettha told reporters. Continued …

PM Srettha Goes All in on Green Economy

Srettha Thavisin, Thai prime minister and minister of finance, gave an interview while attending the United Nations General Assembly (UNGA) in New York and speaking on the topic of sustainable development (SDGs).

Thailand proposed its sustainable development goals (SDGs) and stressed the importance of addressing global warming in a sustainable manner amid geopolitical tensions. Continued …

PM talks up US trade ties

Thailand will further strengthen trade ties with the United States, as the two countries mark 190 years of diplomatic relations, Prime Minister Srettha Thavisin said.

He was speaking after a meeting with U.S. President Joe Biden at a gala dinner hosted by the U.S.-ASEAN Business Council (USABC) and the U.S. Chamber of Commerce (USCC) on Wednesday. Continued …

Land bridge project looks to attract investors

The Transport Ministry plans to host roadshows in China, Europe and the United States to attract investors in a land bridge megaproject connecting Chumphon on the eastern coast along the Gulf of Thailand to Ranong along the Andaman Sea.

Transport Minister Suriya Jungrungreangkit on Thursday provided an update on the progress of the project after Wichai Sudsawat, United Thai Nation (UTN) Party MP for Chumphon, shared his concerns regarding the negative impact of the project on the livelihoods of people in his constituency during a House meeting on Wednesday. Continued …

EV, battery demand to spur Thai company’s revenue

Growing demand for commercial electric vehicles and batteries is expected to boost the total revenue of Energy Absolute (EA), a renewable energy and EV developer and operator, to reach a record high of more than 41 billion baht this year, up from 27.5 billion baht in 2022.

EA’s battery manufacturing facility in Chachoengsao.

EV and battery sales represented 25%, or 10.4 billion baht, of total revenue in the first half of this year. Continued …

Thai PM says use of cannabis must be regulated within six months

Speaking in New York, Thailand’s Prime Minister Srettha Thavisin said that his government will amend the law on cannabis, to restrict its use to medical purposes and to control retail cannabis outlets, within six months. (There are a reported more than 12,000 cannabis-related businesses in Thailand.)

During his interview with Bloomberg, the prime minister said that, since cannabis was decriminalized in Thailand last year, by removing it from the Category 5 drugs list, it has become the first country in Asia where cannabis is available for medical, as well as recreational purposes, resulting in the rapid growth of retail outlets offering cannabis and its extracts over the counter. Continued …

Small businesses in limbo with new marijuana policy

Just over a year after Thailand became the first country in Asia to decriminalize marijuana, Prime Minister Srettha Thavisin has announced a dramatic policy shift.

In a recent interview with Bloomberg, the prime minister revealed that the government will now limit the use of marijuana to medical purposes only. This sudden turn has garnered the support of all parties in the Pheu Thai-led coalition government, leaving small dispensaries and entrepreneurs in a state of uncertainty. Continued …

Tourism sector applauds PM’s vow to tackle cannabis

Tourism operators have applauded the prime minister’s pledge to eliminate recreational cannabis usage within six months. as they believe unregulated cannabis shops have done more harm than good to tourism over the past year.

Prime Minister Srettha Thavisin insisted this week during an interview with Bloomberg that the government would rectify the cannabis policy within six months to ensure it would be used only for medical purposes. Continued …

Suvarnabhumi’s SAT-1 terminal completes final trial run

SAT-1, a new satellite terminal at Suvarnabhumi airport, successfully underwent the third and final full-scale trial operation on Thursday night prior to the soft opening scheduled for Sept. 28.

Kittipong Kittikachorn, Suvarnabhumi airport director, said today that the third full-scale trial operation focused on the outbound passenger process during the night, running from 8pm until midnight. It aimed to ensure that the night-time operations, which require different support systems from the day-time operations, including lighting at all service points, were functioning smoothly. Continued …

10 Things To Buy In Bangkok If You’re Visiting For The First Time

A far cry from the many lesser-known, uncrowded islands in Thailand, Bangkok overwhelms first-time visitors with its bounty of markets, malls, and shops selling everything imaginable.

hile the options may seem endless, focusing shopping on finding authentic Thai items is key to an optimal experience. By looking for goods that represent true local craftsmanship and culture, visitors can be sure to take home meaningful souvenirs. Continued …

Singapore’s worst money-laundering case now worth over $1.7 billion

The police have taken control of more than $1.7 billion worth of assets in Singapore’s worst money-laundering case. In an update on Wednesday, the police said they conducted more operations after 10 foreign nationals were arrested in August for their alleged involvement in laundering the proceeds of their overseas organized crime activities. Continued …

Media mogul Rupert Murdoch steps down

Rupert Murdoch has stepped down as the chairman of Fox Corp. and News Corp., ending a more than seven-decade career during which he created a media empire spanning from Australia to the United States. Continued …

Hua Hin-Suvarnabhumi bus schedule

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

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

baht, chiang mai, hua hin, marijuana, solar, thai economy, thai food, thailand, tourism, transportation

Thursday’s news-Sept 21

September 21, 2023 Hua Hin Expat News

Today’s news: Thai baht plummets/Hua Hin’s growing wine scene/Escort websites dismantled/Intense rainfall warning/Loei’s watery woes/Father Confesses To Serial Killing/Push to tighten use of cannabis/Economy to be driven by private consumption, tourism/Strong trading relationship/PM backs Sustainable Development/Blue Flag may join ‘digital wallet’/Thai gold market glistens/Trade show increases investment/SPCG readies solar farm growth/Thai Smile Bus to add over 1,000 electric vehicles/Duck egg prices rise/AoT allots Bt140bn for Phangnga, Chaing Mai airports/Koh Rok Reopens on Oct 1/Four Varieties Of Regional Food/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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Thai baht plummets against the US$

The Thai baht has plummeted to its lowest level against the USD since November last year, driven by concerns of “stagflation in countries that heavily rely on energy imports. That includes Thailand.

The baht experienced its second consecutive day of declines against the USD, falling by 0.6% and reaching its lowest point since Nov.10, 2022. As of yesterday afternoon, the baht is valued at 36.2 per U.S. dollar. Experts opine that the swift depreciation was influenced by the surge in oil prices, which have risen by approximately 10% this month. Continued …

Hua Hin’s growing wine scene

For those of you living in Hua Hin a decade ago, you’ll know there were just a couple of places selling what was a fairly limited, not to mention expensive, variety of wine.

Fast forward to today and there are some really interesting things happening in Hua Hin in relation to wine. From growing and cultivating to tasting and pairing – this place is becoming a hub of all things wine. Continued …

Escort websites for foreigners dismantled

Yesterday, under the leadership of Police Lt. Gen. Phanthana Nuchcharoen, deputy commissioner of the Royal Thai Police, a joint operation led by Police Col. Pharakon Naphachoti, deputy commander of the 3rd Region Police Bureau, and other high-ranking officers successfully dismantled a criminal network operating escort websites.

The operation, known as PCT1, uncovered illegal activities related to websites such as www.absolute-angels-bangkok.com. Continued …

Intense rainfall warning for 49 Thai provinces

The Meteorological Department has issued a warning for intense rainfall, impacting 49 provinces, with 70% of these regions likely to be severely affected. Bangkok is anticipated to bear the full brunt of the storms.

Residents are cautioned against potential dangers, including flash floods and rapid forest water flow. This forecast is valid from 6.am today until 6am tomorrow. Continued …

Loei’s watery woes: Torrential rain drowns 60 homes and more

Relentless downpours over the past week have led to extensive flooding in Loei pProvince, northeastern Thailand, submerging more than 60 residences, agricultural land, government structures, and even a central sports field.

The continuous precipitation has triggered the overflow of numerous tributaries, with particular emphasis on the Loei River, the province’s primary watercourse. Continued …

Father Confesses To Serial Killing His Own Children, At least 5

The case of a father who has 10 children and is suspected of murdering half of them has shaken Thai society once more. This disturbing incident sheds light not only on the violence of parents against their children, but also on Thailand’s greater problem of violence against children.

The story came to light when a 12-year-old child broke the door of her room at an apartment in Soi Phaholyothin 48, Bang Khen District, Bangkok, and fled to ask neighbors for help, saying she and her younger sister were being attacked by her father. Continued …

Thai lawmakers plan fresh push to tighten use of cannabis

Thailand’s legislators will renew a push for an overarching law on use of cannabis for medical and research purposes, a senior lawmaker said on Wednesday, more than a year after the narcotic was legalized without proper regulations.

Last year, Thailand became the first country in Southeast Asia to decriminalize cannabis, but in the absence of specific measures, the government had to hastily issue rules to prevent its unchecked use, particularly among children. Continued …

Thai economy to be driven by private consumption, tourism in 2023

Stimulating private consumption is a reasonable strategy for the government to maintain economic growth amid global uncertainties, according to Tim Leelahaphan, an economist at Standard Chartered Bank Thailand. The first half of 2023 saw a 7% year-on-year increase in the country’s private consumption.

Expectations are high for private consumption and tourism to be the main drivers of economic growth in the latter half of the year. Standard Chartered Bank Thailand is currently awaiting further details of the government’s proposed 10,000 baht digital handout scheme, which requires a massive portion of the government’s budget, estimated at 560 billion baht. Continued …

US and Thailand to continue strong trading relationship

Prime Minister and Finance Minister Srettha Thavisin said on Wednesday that United States President Joe Biden had congratulated him on becoming the prime minister and promised that the U.S. would remain a good trading partner of Thailand. The trade partnership between the U.S. and Thailand dates back more than 160 years.

Srettha said he met Biden for a short session during the gala dinner for those attending the 78th session of the United Nations General Assembly (UNGA 78) in New York City on Tuesday. Continued …

PM backs Sustainable Development Goals at summit

Prime Minister Srettha Thavisin on Wednesday confirmed Thailand’s commitment to realizing the sustainable development goals at the SDG Summit 2023, saying the country has issued two sets of sustainability bonds that have raised US$2.5 billion in green and social investments at the national level.

Speaking in New York, Srettha said Thailand has also launched the Thailand Green Taxonomy as a reference tool for economic activities deemed environmentally sustainable. Continued …

Blue Flag outlets may join “digital wallet” scheme

The Ministry of Commerce is considering using its extensive network of retail outlets, shops and eateries, under the “Blue Flag” (Thong Fah) program, to allow people, who may have difficulty finding shops under the digital wallet 4km radius rule, to spend the 10,000-baht benefit under the scheme.

Commerce Minister Phumtham Wechayachai has instructed officials to consider the possibility of leveraging the 144,821 Blue Flag outlets across the country, to overcome the limitation that the 10,000 baht can only be spent within a 4km radius of the recipient’s residence. Continued …

Thai gold market glistens: Prices sparkle with a 100 baht boost in a day

Gold prices in Thailand saw a significant surge as per the Gold Traders Assn. Compared to the closing price of the previous day, gold ornaments Tuesday were sold at an increased rate of 33,100 baht (US$926) per baht weight, marking an upswing of 100 baht.

For 96.5% pure gold bars, the buying price stood at 32,500 baht, while the selling price was 32,600 baht (US$912). For 96.5% pure gold ornaments, the figures were 31,911.80 baht for buying and 33,100 baht for selling. Continued …

Trade show increases investment in Thailand’s Eastern Economic Corridor

The Thailand Convention and Exhibition Bureau (TCEB ) collaborated with the office of the Eastern Economic Corridor (EEC) to hold the EEC Cluster Fair 2023 from Sept. 6-8 at the Nong Nooch Pattaya International Convention and Exhibition Center.

The Thai Chamber of Commerce, the Board of Trade, the Federation of Thai Industries, and the Tourism Council of Thailand also participated in the fair. Continued …

SPCG readies solar farm growth in EEC

SPCG, a pioneer in solar farm development in Thailand, expects to start building solar farms with a combined power generation capacity of 500 megawatts in the Eastern Economic Corridor (EEC).

The construction was delayed for almost two years as the company spent time selecting suitable areas for the project and needed to wait for a new secretary-general of the EEC Office to grant a license. Continued …

Thai Smile Bus plans to add over 1,000 electric vehicles to its fleet by 2023

Thai Smile Bus, a leading public transportation company utilizing clean energy, plans to introduce an additional 1,083 electric buses (EV) to its fleet by next year, according to the company’s CEO, Kulapatsorn Wongmajarabhin.

This initiative is part of the company’s ongoing commitment over the past two years to develop environmentally friendly public transportation and reduce PM2.5 dust pollution in urban areas. Continued …

Duck egg prices rise as rain dampens Khon Kaen production

Continual rainfall in Khon Kaen has led to a decrease in duck egg production, driving the cost of duck eggs to an unprecedented high of 170 baht per tray. Salted eggs have also seen a price increase, now costing 8 to 10 baht per egg.

Reporters yesterday visited Ban Dong Pong, Moo 10, Sila subdistrict, Mueang District, Khon Kaen Province, a significant area for duck egg farming. They found that due to the persistent rain, farmers had to move their ducks to higher ground to avoid the rain and floodwaters. Continued …

AoT allots Bt140 billion for Phangnga, Chaing Mai airport projects

Airports of Thailand (AoT) has set a budget of 140 billion baht for two airport construction projects, including the building of Andaman International Airport in Phangnga.

AoT President Kerati Kijmanawat said both projects – the new airport in Phangnga and a second phase renovation of Chiang Mai Airport – were the responses by the authorities to urgent policies presented by Prime Minister Srettha Thavisin. Continued …

Koh Rok, the Queen of the Andaman Islands Reopens on Oct 1

Koh Rok in Mu Koh Lanta National Park was closed from July 1 to Sept. 30. It will reopen again on Oct. 1.

Niramit Songsaeng, the head of Mu Koh Lanta National Park in Krabi province, announced that the park will open on Oct. 1 for tourists to admire the beauty of Koh Rok, Koh Haa Islands (Tukonlima), Pile of purple and red rocks and Mai Kaew Cave. Continued …

Sample These Four Varieties Of Regional Food When In Thailand

Thai food has gained popularity around the world due to its diverse culinary styles, great taste, and distinct character. Its core lies in the art of balancing four distinct flavors: salty, sweet, sour, and spicy, with the level of spiciness varying according to the type of Thai food.

Thai cuisine varies in taste and style depending on the area or region of the country from which the dish originated. Regional ingredients, cooking techniques, and flavors define local cuisines, and shape their individual tastes and charms. Continued …

Typhoon tempest sets 71 crocs on the loose