Wednesday’s news-July 24 -

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S.Ken’s Bistro, Expat News mark 8 years/Flash flood warning for Hua Hin/Expanding foreign rights to property ownership/Longer property leases to boost market/Electricity, diesel prices maintained/Gold prices expected to rise/Thailand reverses on cannabis/Lessons learned from global outage/Syphilis cases triple/Drug-addicted Thai man lynched/Bomb injures six police officers/Economy: Growth rate predicted below 2%/Corporate earnings recovery mixed/Home construction prices rise/Motorcycle sales dip/Stock Exchange of Thailand faces Crisis/Future technologies revealed/Clean energy to be featured/How Energy Intensive Are Data Centers?/Tourism: 19.6 million foreign arrivals/Bangkok 30th most risky city/Long weekends to generate Bt18 billion/New Indian routes/Batik Air adds south Thailand routes/Thailand Experience: Thailand’s doubling tiger population/If animals can’t live, will we?/Best hotels in Krabi/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

S.Ken’s Bistro – Home of Crafted Food & Drinks

Expat News first met Kantapat “Ken” Agechaosuan when we were both starting new businesses in Hua Hin. Chef Ken, as he is known, was in need of an economical way to market his new restaurant, S.Ken’s Bistro in Kao Tao, to the Hua Hin expat community.

At that breakfast meeting, we forged a collaboration, as Ken calls it, that has lasted eight years – and now extending into a ninth.

Hua Hin Expat News is pleased to announce that S.Ken’s Bistro has extended its advertising program for the 9th year.

Since that first meeting, S.Ken’s Bistro has become a well-known, and favorite, dining location, serving both Western and Thai cuisine in a lovely setting alongside the Kao Tao lake.

Chef Ken has worldwide experience as a chef at five-star hotels, and just before Covid hit was a contender on Thailand’s Iron Chef TV competition. His food has been featured daily on Expat News, even during the pandemic, when we worked together promoting takeaway meals.

Reviews

Reservation recommended during high season. Wednesday – Monday, 11 AM to 9 PM. Breakfast available on weekends, 8 AM to 2 PM.

13/24 Kaotao Nongkae, Hua Hin, tel: 0924646939, Facebook; Email s.kensbnb@gmail.com

Chat Chai Market parking fees under fire

Continued …

Flash flood warning for Hua Hin, Pranburi

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Pros and cons of expanding foreign rights to property ownership

Real estate entrepreneurs have spoken out about the government’s proposal to extend long-term land lease rights to 99 years for foreigners buying condos and increasing the condo purchase quota to 75%.

They highlight benefits such as investment incentives and economic stimulation, but stress the need for strict conditions to prevent nominee issues and putting in place location and voting rights restrictions. Continued …

Longer property leases for foreigners to boost slumping market: REIC

The Government Housing Bank’s Real Estate Information Center (REIC) has backed a move to reduce restrictions on foreign ownership in Thailand’s property market, saying it could help unload unsold units piling up due to a drop in Thais’ purchasing power.

However, the measures must be carefully implemented and regulated to prevent negative impacts on the property market in the long term, warned REIC Director Wichai Wiratkapan on Monday. Continued …

Cabinet maintains current electricity and diesel prices

The Cabinet endorsed the Ministry of Energy’s proposal today to maintain the electricity price for September through December at 4.18 baht/unit for households and businesses.

Energy Minister Pirapan Salirathavibhaga said, however, that smaller households, which use fewer than 300 units of power per month, will be charged 3.99 baht/unit. The cabinet also decided to maintain the pump price of diesel at 33 baht/liter until the end of October, to the ease burden on the transport sector. Continued …

Gold prices expected to surpass US$2,500 by end of 2024

Local gold traders are optimistic about the future of bullion prices, forecasting that they could surpass US$2,500 per ounce by the end of 2024. This significant price increase is expected to follow a potential interest rate cut by the U.S. Federal Reserve in September.

Gold was trading at US$2,395 per ounce in Asian markets yesterday, spurred by the announcement that President Joe Biden has withdrawn from the U.S. presidential race, endorsing Vice President Kamala Harris as the new Democratic candidate. This news pushed the price above US$2,400 overnight, according to gold trader Hua Seng Heng. Continued …

Thailand to Control Cannabis Use through Laws, Not as a Narcotic

Thailand’s Deputy Prime Minister Anutin Charnvirakul has announced that the country will attempt to control cannabis use through laws, rather than reverting to categorizing it as a narcotic. This comes as a change in policy direction.

Anutin thanked Prime Minister Srettha Thavisin for deciding to control cannabis usage via legislation. The PM, Public Health Minister Somsak Thepsutin, and Anutin had discussions on Tuesday during which the prime minister gave instructions to draft a law managing cannabis rather than classifying it as a narcotic again. Continued …

Lessons learned from global outage

The worldwide IT outage on July 19 underscores the need for public and private organizations to have a robust business continuity management plan, IT disaster recovery plan, and rigorous system testing between security software vendors and clients, to deal with unexpected future incidents, say IT consulting and security firms.

They also recommend organizations adopt diverse technology portfolios and a balanced approach to cloud-based technology adoption. Continued …

Syphilis cases triple among Thai teens, fivefold increase in pregnant women

The Department of Disease Control (DDC) reported a significant increase in sexually transmitted diseases (STDs) among Thai people, particularly syphilis. Cases of syphilis among teenagers have tripled compared to previous years and the number of pregnant women with syphilis has increased fivefold.

A report concluded on July 18 showed that syphilis cases in Thailand doubled compared to 2018 (from an average of 11 to 28.1 per 100,000 population). Cases among teenagers tripled, from an average of 27.9 to 91.2 per 100,000 population. Continued …

Drug-addicted Thai man lynched after attempted rape

A 17-year-old Thai teenager and locals in the central province of Ayutthaya lynched a drug addict after he attempted to rape the teen’s mother.

Officers from Phra Nakhon Si Ayutthaya Police Station were alerted to the death of 38-year-old drug addict Yuranan on the night of July 20. On arrival, officers found Yuranan lying face down on the second floor of the house. Continued …

Roadside bomb injures six police officers in southern Thailand

A roadside bomb detonated in Pattani yesterday, injuring six police officers and prompting the army to urge motorists to exercise caution. The explosion occurred on Road 42 in Nong Chik district as an armored pickup truck carrying the officers was returning to base from a checkpoint.

The Internal Security Operations Command’s (ISOC) southern frontline office reported that the blast caused the vehicle to veer off the road and tumble down an embankment, igniting a brush fire in the process. All six injured officers were rushed to Pattani Hospital for treatment. ISOC attributed the attack to insurgents operating in the region. Continued …

Potential growth rate predicted below 2% for next 5 years

Kiatnakin Phatra Research (KKP Research) forecasts that Thailand’s potential economic growth rate will be below 2% for the next five years due to weaker productivity and competitiveness.

Between 2020 and 2029, the country’s potential growth is expected to be 1.9%, declining further to 1.3% between 2030 and 2039 if no structural reforms are implemented, according to KKP Research. Continued …

Thailand’s corporate earnings recovery mixed

Thai businesses across several sectors are witnessing improved earnings, although leverage remains high due to large investments, according to Fitch Ratings.

The view was among those expressed at the firm’s recent 2024 Bangkok briefing on the global financial market and Thailand’s corporate credit outlook. Participants also explored asset allocation strategies and the framework for credit investing. Continued …

Home construction prices rise 3.8% in Q2

The price index of standard home construction in the second quarter of 2024 rose 3.8%, with the biggest increases seen in the prices of wood and wooden products, as well as labor wages.

Vichai Viratkapan, acting director-general of the Real Estate Information Center (REIC), said while home construction prices continued to rise, the increase in the second quarter was not significant. Continued …

Motorcycle sales dip 10% in H1

Motorcycle sales fell by 10% year-on-year during the first half, with Thai Honda Co., a major motorcycle manufacturer and distributor, also experiencing a sales drop in the sluggish market.

The unfavorable circumstances resulted from slow economic growth of 1.5% in the first quarter, banks’ stricter criteria in granting auto loans and an unhealthy export sector, said Yuichi Shimizu, president of Thai Honda. Continued …

Stock Exchange of Thailand faces Crisis of Confidence amid Corporate scandals

The Stock Exchange of Thailand (SET) is experiencing uncertainty and turmoil following multiple fraud scandals involving key figures in the Thai business community.

One of the most recent events that affected the Thai market was the scandal involving Stark Corp. The incident occurred when the corporation was accused of an accounting scandal and embezzlement of funds. Continued …

Crucial future technologies revealed at Bangkok event

Artificial muscles, engineered microbes and security robotics are among the top 10 technological advances to watch out for this year, as they will make an impact over the next 5-10 years, according to the National Science Technology and Development Agency (NSTDA).

“Of the total, half are digital technologies with the involvement of artificial intelligence (AI), clearly demonstrating the emerging AI era,” said Sukit Limpijumnong, president of the NSTDA, during a keynote speech delivered on the subject of 10 technologies to watch out for in 2024 at the Thailand Tech Show 2024 held by NSTDA. Continued …

Clean energy to be featured at Rayong port, industrial estate

The Map Ta Phut Industrial Estate and its deep-sea port in Rayong will be developed to have a clean new look under a plan to replace fossil fuel-derived energy with renewable energy to serve growing demand among companies committed to carbon dioxide reduction, says the Industrial Estate Authority of Thailand (IEAT).

“We are interested in using clean energy from various sources in the estate, including biomass, biogas, solar and wind energy, as well as a small modular reactors (SMRs),” said Yuthasak Supasorn, chairman of the IEAT board. Continued …

How Energy Intensive Are Data Centers?

(Note: Several data centers are currently planned or being built in Thailand, which will require a great deal more electric power than currently available.)

In 2022, the global electricity consumption stood at roughly 27,000 terawatt-hours, according to the U.S. Energy Information Administration (EIA). While countries like China and the United States had the highest electricity demand by a considerable margin, a new player that rivals the consumption of some of the biggest economies and is bolstered by the ongoing AI hype has entered the stage: data centers. As the International Energy Agency (IEA) points out in a recent report, estimated data center energy consumption could increase rapidly over the next two years.

While the median estimate for data centers, AI-connected offerings and cryptocurrency mining stood at 415 TWh in 2022, already significantly higher than the United Kingdom’s electricity demand and on par with the electricity consumption of France, this figure could rise to anything between 620 and 1,050 TWh in 2026. Per the IEA’s report, this would be the equivalent “to adding at least one Sweden or at most one Germany” to the most recent estimates. Continued …

Thailand records 19.6 million foreign arrivals so far this year

Thailand recorded 19.6 million foreign tourist arrivals from the January to July 21 period, the Tourism Ministry said Tuesday, up 34% from the same period a year earlier.

The government is targeting 40 million foreign arrivals for the whole of this year. Tourism is a major employer and driver of Thai growth. – Yahoo

Bangkok world’s 30th most risky city for tourists: Forbes Advisor

Bangkok has been ranked in 30th place among the world’s most risky cities for tourists by Forbes Advisor, a global platform dedicated to helping consumers make the best financial choices in business, investment, technology, and travel.

In its article titled “12 Best Travel Insurance Companies of July 2024” published this month, Forbes Advisor compared 60 international cities across seven metrics to determine which cities are the most (and least) risky for tourists. These metrics are: Travel safety, crime risk, personal security risk, health security risk, infrastructure security risk, natural disaster risk, and digital security risk. Continued …

Long weekends to generate Bt18 billion from domestic tourism

The Tourism Authority of Thailand (TAT) is predicting that around 5 million Thais will travel domestically during the two long weekends in July, generating approximately 18 billion baht in revenue for local tourism entrepreneurs.

This month has two long weekends: July 20-22 marking Buddhist Lent Day on July 21, and July 27-29 celebrating His Majesty the King’s birthday on July 28. Continued …

Email link – kenbrown@businessclassasia.com

Thai AirAsia eyes new Indian routes

Thai AirAsia is focusing on opening new routes to India and within Southeast Asia in the second half to offset unrecovered flights to China, which are still hampered by the sluggish economy and higher competition from domestic travel.

Tansita Akrarittipirom, head of commercial at Thai AirAsia, said the share of Chinese passengers had plunged to 17%, from 27% before the coronavirus pandemic, while the share of Indian passengers is expected to increase to 10% by the end of the year. Continued …

Batik Air adds south Thailand routes

Batik Air will launch two new routes from its home base in Kuala Lumpur to Hat Yai and Krabi in southern Thailand.

With flights commencing on Sept. 13, the airline will operate daily to both Thai destinations using B737-800 aircraft configured with business and economy cabins. Continued …

Thailand’s rangers hailed for doubling tiger population amid conservation hurdles

The tiger population density in a series of protected areas in western Thailand has more than doubled over the past two decades, according to new survey data.

Thailand is the final stronghold of the Indochinese tiger (Panthera tigris corbetti), the subspecies having been extirpated from neighboring Cambodia, Laos and Vietnam over the past decade due to poaching, habitat loss and indiscriminate snaring. Continued …

If animals can’t live, will we?

“We are the Earth’s eater. We consume everything we can all the time,” warns National Geographic photographer and explorer, Joel Sartore. This sobering statement serves as the driving force behind his ambitious project, the National Geographic Photo Ark.

Recently opened in Bangkok, the Photo Ark uses stunning photography to document every possible species living in zoos, aquariums, and sanctuaries worldwide. Continued …

The best hotels in Krabi

Phuket and Koh Samui steal much of the limelight when it comes to the best hotels in Thailand, but the Krabi region – on southern Thailand’s west coast – is home to some of the best places to stay in the country.

It’s a place of dramatic scenery, from the sheer limestone cliffs of famous Railay Beach and the turquoise-hued swimming spots of Koh Phi Phi, to the mangroves and low-key beaches of Koh Lanta – a laid-back island that feels like a throwback to the Thailand of several decades ago. Continued …

Typhoon Gaemi brings Philippines, Taiwan to a halt

Typhoon Gaemi and a southwest monsoon brought heavy rain today to the Philippine capital region and northern provinces, prompting authorities to halt work and classes, while stock and foreign exchange trading were suspended. Continued …