Thursday’s news-Aug 1 -

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Baht set to strengthen/Thailand Eyes Olympic Glory/Flood risk rises/Bangkok ‘facing unprecedented threats’/Health Benefits of Galangal/Class-action suit threatened/86 communities sign up for drones project/Praise for tiger protection/Pattaya City buys crabs/Thieves caught stealing cannabis plants/Economy: First day of digital wallet registration/Factory output falls/Japan built Thailand auto industry/Temu enters Thai e-commerce market/Restaurant sector anticipates further risks/Rice glut set to hit Thai exports/Harnessing the power of clean energy/Wage Crisis Hits Thousands in Chonburi/PTTEP announces first-half performance/Tourism: British tourists warned about vaping/Capturing more of the Chinese market/Government Embraces Apple Ad/Sustainable Tourism in Thailand/Direct flights from Phuket to India/Thailand Experience: Agroforestry offers Thai rubber farmers a pathway to profit/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

Email link – kenbrown@businessclassasia.com

Baht set to further strengthen this year despite headwinds

The baht could appreciate further to 35.30 to the U.S. dollar in the short term, after hitting a four-month high of 35.72 early Wednesday, but political instability and deteriorating fiscal positions as a result of the government’s populist policies could limit the Thai currency’s rebound.

The Thai currency was trading at 35.72 baht to the greenback around noon Wednesday, compared to Tuesday’s close of 35.99, said Kanjana Chockpisansin, head of the research, banking and financial sector at Kasikorn Research Center. Continued …

Thailand Eyes Olympic Glory in Boxing, Taekwondo, and Badminton

With the Olympic cauldron now ablaze in Paris, Thailand’s hopes for glory are fervent. As athletes from the nation take their positions on the global stage, the pursuit of gold medals unites fans and competitors alike.

Thailand has dispatched a formidable team of 51 athletes to compete across 17 different sports, with lofty ambitions of securing six gold medals in boxing, taekwondo, badminton, weightlifting, and golf. This objective marks a significant leap from their sole gold medal in taekwondo at the Tokyo 2020 Games. Continued …

Flood risk rises with rain, high tides

Residents in flood-prone areas of Bangkok and five other provinces have been warned of possible floods due to a combination of high tides and continuous rainfall expected until Aug. 8.

The Office of the National Water Resources (ONWR) has predicted that high sea levels and continuous downpours between Aug. 2 and Aug. 8 will cause rivers to rise, which could affect low-lying areas along the Chao Phraya, Mae Klong, Thachin and Bang Pakong rivers. Continued …

Bangkok ‘facing unprecedented threats from more intense storms’: study

Typhoons in Southeast Asia are forming closer to coastlines, intensifying more rapidly and lasting longer over land due to climate change, according to a joint scientific study released on Wednesday.

Coastal communities and cities like Hai Phong in Vietnam and the Thai capital Bangkok are “facing unprecedented threats from longer-lasting and more intense storms”, a statement about the study said. Continued …

Health Benefits of Galangal

Galangal, also known as Thai ginger, is a spice often used in traditional medicine around the world, especially in Thailand and Indonesia. The term galangal refers to the root of several plant species belonging to the Zingiberaceae or ginger family.

Galangal has many benefits, including treating pain and inflammation, improving fertility in people assigned male at birth, and reducing the risk of cancer. Continued …

Class-action suit threatened against CPF over Blackchin Tilapia

The Law Society of Thailand (LST) announced on Wednesday that it will file a class-action civil lawsuit against Charoen Pokphand Foods (CPF) for damages caused by the infestation of alien blackchin tilapia in water resources across 16 provinces.

At a press conference chaired by LST President Wichian Chupthaisong at the LST head office, the LST did not mention CPF by name but referred to “a business operator that sought permission and imported the alien species for an experiment in 2010.” Continued …

86 communities sign up for first batch of agricultural drones project

The agricultural drones project aimed at improving productivity has secured participation from 86 communities across 22 provinces in the first batch, a statement released by Thailand’s Digital Economy Promotion Agency said on Wednesday.

The initiative is part of the One Tambon One Digital (Chumchon Drone Jai) project being implemented by the Digital Economy and Society Ministry, in collaboration with the agency. Launched in November last year, the project aims to increase Thai farmers’ efficiency and productivity. Continued …

Thailand welcomes praise for tiger protection

The government has welcomed the notion that Thailand is now recognized as a leader in Southeast Asia’s efforts to protect wild tigers. The recognition stems from the country’s achievement in protecting royal tigers (Panthera tigris), which has led to a significant increase in their population.

Adult royal tigers in Thailand are now estimated to number between 179 and 223, which is about 149 higher than the number recorded in 2022, government spokesman Chai Wacharonke said on Wednesday, citing Natural Resources and Environment Ministry figures. Continued …

Pattaya City buys crabs to boost marine life, support fishermen

Pattaya Cityhas launched an innovative project to support local fishermen and conserve marine life by purchasing low-grade blue swimming crabs and releasing them into the mangrove forest in Na Kluea.

The initiative involves paying 250 baht per kilogram to fishermen, aiming to balance ecological preservation with community income generation. Continued …

Thai thieves caught stealing cannabis plants to start business

Police arrested four Thai thieves after they stole cannabis plants from a farm in the Isaan province of Nakhon Phanom to fulfil dreams of being cannabis farm and business owners.

The cannabis farm owner filed a complaint with Mueang Nakhon Phanom Police Station after thefts occurred at the farm. The thieves stole high-value cannabis plants worth about 30,000 to 40,000 baht, together with other well-known cannabis species, fertilizer, and planting tools. Continued …

First day of digital wallet registration is today

The “Thang Raj” application, which is to be used to register for the government’s 10,000-baht digital wallet handout scheme, was set to be ready for users from 8am today, the first day of registration for those who have smartphones, the Finance Ministry announced.

Deputy Finance Minister Paopoom Rojanasakul said on Wednesday evening that the application had stopped working from 7pm to 10pm on Tuesday to prepare for the latest update, not because of an outage or malfunction. Continued …

Factory output falls more than forecast as car output slumps

Thailand’s manufacturing production index dropped 1.71% in June from a year earlier due mainly to lower car production and higher energy costs, the Industry Ministry said on Wednesday, missing analysts’ expectations.

The figure compared with a forecast year-on-year fall of 1.5% for June in a Reuters poll and followed an annual drop of 1.54% in May. Continued …

Japan built Thailand auto industry, now China is gunning for it

Japanese companies established Thailand’s auto industry virtually from scratch, dating back to the years after World War II. By the late 1970s, Japanese brands commanded around 90% of car sales in Thailand. They invested in building Thai supply chains, and their cars were also widely perceived by customers as reliable. Continued …

Expert warns of disruption as Temu enters Thai e-commerce market

An e-commerce expert is warning Thai online retailers about a greater influx of cheap Chinese products following the entry of online retailing platform Temu to the Thai e-commerce market on Monday.

In an interview on Wednesday, Pawoot Pongvitayapanu, founder and chief executive officer of Creden.co and PaySolutions, noted that Chinese products have been flooding the Thai online market via applications like Shopee, Lazada and TikTok Shop, which host both Thai and Chinese retailers, but this is about to change after the entry of Temu. Continued …

Restaurant sector anticipates further risks in second half

Restaurant business operators anticipate a risk of closures in the second half of the year due to low consumer purchasing power and high costs.

Sorathep Rojpotjanaruch, head of the Restaurant Business Club, said the restaurant industry enjoyed rising momentum in the first quarter of the year due to the rebound of the tourism sector. However, after the Songkran festival, the industry saw a significant decline in the number of customers as consumer spending dwindled. Continued …

Global rice glut set to hit Thai exports

Thai rice exports are likely to be less than 8 million tons next year due to myriad risk factors hampering their competitiveness, which include a lack of research and development (R&D) for rice varieties, rising global supply, and the possibility of India lifting its rice export restrictions at year-end.

Charoen Laothamatas, president of the Thai Rice Exporters Assn., said rice exports next year are expected to fall below the earlier estimate of 8.2 million tons. Continued …

Harnessing the power of clean energy

Attractive investment incentives are necessary to catch the interest of prospective foreign investors but they may not be enough to ensure they will definitely establish businesses in Thailand.

A sufficient supply of renewable power has become an increasingly important factor behind companies’ decisions on whether or not to invest here, as they need to reduce carbon dioxide emissions to help decelerate the rise in temperatures globally. Continued …

Wage Crisis Hits Thousands of Thai and Vietnamese Workers in Chonburi

Over 8,000 Thai and Vietnamese workers are affected by subcontract companies that have been unable to pay their wages due to liquidity problems. Many endure the situation in the hope of being paid back wages, while some borrow money from illegal moneylenders to support their families.

Groups of Thai and Vietnamese workers from three subcontractors of a clean energy company have gathered in front of Thaioil refinery plant, along Sukhumvit Road in Sriracha, Chonburi, to protest as they have not received their wages as scheduled. Continued …

PTTEP announces first-half performance of 2024

PTTEP revealed its operational performance and key progress for the first half of 2024, highlighting its success in expanding strategic investment in the Middle East to increase the company’s petroleum-proof reserves immediately.

The board of directors approved an interim dividend payment of Bt4.50 per share for the period. At the same time, the company contributed over Bt30,170 million in royalties and taxes to support national development. Continued …

British tourists warned about vaping in Thailand

British tourists heading abroad this summer are being warned of a costly mistake that could ruin their holiday. E-cigarette smokers need to be aware of strict anti-vaping laws in popular Southeast Asian destinations. The penalties for breaking these rules range from hefty fines to imprisonment.

Countries like Thailand and Singapore have some of the strictest vaping bans in the world. In Thailand, vaping has been prohibited since 2014. Unwitting tourists caught with an e-cigarette could face fines of up to 30,000 baht, or, in severe cases, a prison sentence of up to 10 years. Continued …

TAT widens net in bid to capture more of the Chinese market

With 8 million Chinese tourist arrivals projected for 2024, the Tourism Authority of Thailand (TAT) is diversifying its target to niche markets who still have plenty of purchasing power, including young travelers, small meeting groups, and caravan tours.

“Demand among Chinese is not enough to entice Chinese airlines to increase flights to Thailand,” said Nonglux Yooyendee, director of the TAT’s Shanghai office. Continued …

Thai Government Embraces Controversial Apple Ad, Sees Tourism Boost

Despite widespread criticism from Thai internet users that the new Apple ad portrays Thailand as backward and third-rate, with some even promising to stop buying Apple products, the government takes the opposite view.

It finds the advertisement humorous and sees it as beneficial to the country, as it promotes tourism and the culture of “working from anywhere”. Continued …

Discover the EEE rating for Sustainable Tourism in Thailand

Sustainable tourism is a crucial approach to promoting environmentally and socially responsible travel. Effective hygiene management is central to this, especially in the current era where tourists demand higher standards of hygiene and cleanliness. Utilizing biotechnology to enhance cleaning efficiency while being eco-friendly is the most suitable option.

Dr. Watson Ariyaphuttarat, president of the Thai Biotech Industry Assn., stated that the association aims to promote tourism through biotechnology for effective hygiene management. This approach not only reduces the use of harmful chemicals but also fosters efficient waste management, reducing long-term environmental impact, which is essential for sustainable tourism. Continued …

AirAsia launches direct flights from Phuket to India

AirAsia Thailand unveiled new direct flight routes from Phuket to Chennai and Kolkata, promising seamless travel to paradise from two of India’s major cities.

Starting from Oct. 27, these flights will offer travelers a convenient gateway to Phuket’s pristine beaches, vibrant cultural scenes, and delectable seafood. The Chennai-Phuket route will operate three times a week, while the Kolkata-Phuket connection will take off daily. Continued …

Agroforestry offers Thai rubber farmers a pathway to profit and sustainability

Little by little, the canopy of branches and interlocking leaves closes overhead as our vehicle rollicks deeper into the plantation. Pakamart Tongkam points from the driver’s seat into the stark thicket of rubber trees that now surround us: “When I was a child, I slept out there in a small hut while my mum and dad worked in the plantation through the night.”

Several years later, as an adolescent, Pakamart helped her parents with their daily rubber tapping. The routine was grueling, she says during a visit to Nathawi district in southern Thailand’s Songkhla province, a heartland of rubber production. Rising at 2 a.m., the family would trek through the humid plantation to strip the bark of hundreds of individual rubber trees to collect the milky latex. Continued …