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Thailand Faces Alarming Graduate Unemployment, 65% Struggle to Find Jobs File photo for reference only Thailand's unemployment rate is painting a worrying picture for university graduates, with 65% unable to secure jobs. Long-term unemployment climbed by 16.2%, while a significant 71.3% of the unemployed have never held a job before, according to Danucha Pichayanan, Secretary-General of the National Economic and Social Development Council (NESDC). The data, covering the third quarter of 2024, shows an employment landscape that, while stable, is fraught with challenges. Full Story: https://aseannow.com/topic/1344650-thailand-faces-alarming-graduate-unemployment-65-struggle-to-find-jobs/

Thailand's unemployment rate is painting a worrying picture for university graduates, with 65% unable to secure jobs. Long-term unemployment climbed by 16.2%, while a significant 71.3% of the unemployed have never held a job before, according to Danucha Pichayanan, Secretary-General of the National Economic and Social Development Council (NESDC). The data, covering the third quarter of 2024, shows an employment landscape that, while stable, is fraught with challenges. Despite having approximately 40 million people employed, this marks a slight drop of 0.1% from the previous year. The overall unemployment rate rose slightly to 1.02% from 0.99% in the previous quarter. Currently, the number of unemployed individuals averages 414,000, which is lower than the previous quarter's 429,000 but higher than the 401,000 from the same quarter last year. When looking at educational levels, those with university degrees are hit the hardest, followed by high school and middle school graduates. Long-term unemployment, defined as being out of work for over a year, now affects 81,000 people, with 65% citing their main challenge as finding work. Alarmingly, nearly three-quarters of this group are young adults aged 20 to 29. In the formal sector, the unemployment rate dropped to 1.82% from 1.93% last year. There are 74,000 individuals receiving unemployment benefits, with over 95% from the manufacturing sector. Danucha emphasized that while the job market is stable, the struggles of graduates point to a need for targeted actions. Resolving unemployment issues requires a combined effort, involving educational reform, skill development, and industry partnerships. The high unemployment among university graduates is particularly concerning, highlighting a mismatch between educational outcomes and job market demands. The rise in long-term unemployment underscores ongoing obstacles for young job seekers, who find it difficult to secure appropriate roles in a shifting economy. This report comes amid broader economic challenges and prompts questions about the current job creation strategies' effectiveness and whether reforms in education or vocational training are needed to better align with industry demands. File photo for reference only -- 2024-11-26

Kolkata Set for Winter Travel Boost with New Flights to Bangkok File photo for reference only International travel options from Kolkata are set to expand this winter as two major airlines increase their routes to Southeast Asia. Starting December 16, Thai Lion Air, known for its budget-friendly flights, will offer new direct service to Bangkok four times a week. The flights, connecting with Bangkok’s Don Mueang Airport, will operate on Mondays, Tuesdays, Thursdays, and Saturdays. They will leave Bangkok at 12:30 a.m., arriving in Kolkata at 1:35 a.m. local time. The return flight will depart Kolkata at 2:35 a.m., landing back in Bangkok at 6:35 a.m. Full Story: https://aseannow.com/topic/1344649-kolkata-set-for-winter-travel-boost-with-new-flights-to-bangkok/

International travel options from Kolkata are set to expand this winter as two major airlines increase their routes to Southeast Asia. Starting December 16, Thai Lion Air, known for its budget-friendly flights, will offer new direct service to Bangkok four times a week. The flights, connecting with Bangkok’s Don Mueang Airport, will operate on Mondays, Tuesdays, Thursdays, and Saturdays. They will leave Bangkok at 12:30 a.m., arriving in Kolkata at 1:35 a.m. local time. The return flight will depart Kolkata at 2:35 a.m., landing back in Bangkok at 6:35 a.m. In addition, Malaysia Airlines will restart its pre-pandemic route to Kuala Lumpur from December 2. This service, operating five times a week on Mondays, Tuesdays, Fridays, Saturdays, and Sundays, will arrive in Kolkata at 11:10 p.m. and leave at 12:10 a.m. Malaysia Airlines is the first international carrier to reinstate services to Kolkata since the pandemic, joining AirAsia in providing a link to Kuala Lumpur. Kolkata airport's director, Pravat Ranjan Beuria, expressed enthusiasm over the increased connectivity. "We are in discussions for the resumption and addition of more international flights and are enhancing facilities at the airport's international wing," Beuria mentioned. With these additions, the total number of weekly international flights from Kolkata will rise from 137 to 146. The winter travel schedule also includes new direct flights from AirAsia Thailand to Phuket, while IndiGo will increase its weekly flights to Bangkok to four. These new options highlight Kolkata's growing role as a key international gateway, offering more convenience and choices just in time for the busy travel season. File photo for reference only -- 2024-11-26

Thailand and Cambodia Reignite Tourism with New Cross-Border Bus Services File photo for reference only For the first time since the COVID-19 pandemic stopped travel, Thailand and Cambodia will resume their cross-border bus services, linking Bangkok with Phnom Penh and Siem Reap starting this Friday, November 29. After a pause of over three years, people can again enjoy easy travel between these iconic Southeast Asian destinations. Full Story: https://aseannow.com/topic/1344648-thailand-and-cambodia-reignite-tourism-with-new-cross-border-bus-services/

For the first time since the COVID-19 pandemic stopped travel, Thailand and Cambodia will resume their cross-border bus services, linking Bangkok with Phnom Penh and Siem Reap starting this Friday, November 29. After a pause of over three years, people can again enjoy easy travel between these iconic Southeast Asian destinations. This news follows an agreement reached today, November 26, between Atthawit Rakchamroon, the Acting Managing Director of Thailand’s Transport Co., and Suo Vireak, the CEO of Vireak Buntham Express Co., Cambodia’s top bus operator. The partnership will operate along two important routes, both passing through the Aranyaprathet checkpoint in Sa Kaeo province. These routes will reconnect the capitals, Bangkok and Phnom Penh, and reach the popular tourist site Siem Reap, known for the Angkor Wat temple complex. Atthawit Rakchamroon emphasized the reopening's importance, stating it will "promote tourism in both countries as Thailand and Cambodia have entered high season." The Bangkok-Phnom Penh route will run daily at 7 a.m. from each city, taking approximately 11 hours with a ticket price of 900 baht. For quicker travel, the Bangkok-Siem Reap service departs at 8 a.m. and 9 a.m. from both locations, lasts about 7 hours, and costs 750 baht. With the pandemic situation improving, both nations aim to boost their tourism sectors, and this restored bus service is expected to be a significant step forward. Travellers can look forward to exploring the rich cultural connections between these neighboring countries with a safe, efficient, and affordable mode of transport ready to welcome them onboard. File photo for reference only -- 2024-11-26

Two arrested after brandishing shotgun in Patong traffic bust-up Photo courtesy of Patong Police via Phuket News A terrifying road rage incident shook Patong yesterday when two men allegedly brandished a shotgun at a fellow driver after a heated traffic dispute. The shocking confrontation unfolded around 11.50am, yesterday, November 25, on Phra Metta Road, leaving locals and tourists alarmed. Full Story: https://aseannow.com/topic/1344647-two-arrested-after-brandishing-shotgun-in-patong-traffic-bust-up/

A terrifying road rage incident shook Patong yesterday when two men allegedly brandished a shotgun at a fellow driver after a heated traffic dispute. The shocking confrontation unfolded around 11.50am, yesterday, November 25, on Phra Metta Road, leaving locals and tourists alarmed. The victim, 23 year old Paphangkon Chithong, reported to police that the clash began when he was abruptly cut off by the suspects’ vehicle, sparking an argument that quickly escalated. According to Chithong, the situation took a dangerous turn when the two men produced a shotgun, allegedly threatening him before speeding away in a silver Toyota Hilux Vigo, registered in Nakhon Si Thammarat. Patong Police were quick to respond, coordinating with patrol and traffic units to track down the fleeing suspects. The silver pickup was intercepted at the Khok Makham intersection on Phra Barami Road, where officers sprang into action. The two men, identified as 37 year old Kritsana Keorot, who was driving, and his passenger, 27 year old Hasalbasree Samea, were apprehended on the spot. During a search of the vehicle, police located the shotgun on the back seat, which was immediately seized as evidence. Both men were taken into custody and escorted to Patong Police Station for further questioning. Patong Police confirmed that legal proceedings are already underway. Although the exact charges have not been disclosed, the arrest serves as a stark reminder of the potential dangers of road rage. As the investigation continues, police have warned against aggressive driving and reminded the public of the importance of staying calm on the road, reported Phuket News. By Puntid Tantivangphaisal Photo courtesy of Patong Police via Phuket News Source: The Thaiger -- 2024-11-26

Thai monk in Isaan denies sexual encounter allegation with followers Photo via Channel 7 A Thai monk in the Isaan province of Maha Sarakham denied engaging in sexual activities with his followers and accused another monk of attempting to tarnish his reputation due to a financial dispute. Full Story: https://aseannow.com/topic/1344646-thai-monk-in-isaan-denies-sexual-encounter-allegation-with-followers/

A Thai monk in the Isaan province of Maha Sarakham denied engaging in sexual activities with his followers and accused another monk of attempting to tarnish his reputation due to a financial dispute. The accusations against the renowned monk surfaced after the news Facebook page J Moi V+ (เจ๊มอย v+) shared the story yesterday, November 25. The page claimed to have received the account from a man who allegedly had a sexual encounter with the monk. The page posted the reported allegation. “A renowned monk in the Borabue district of Maha Sarakham province, known for his beautiful voice during sermons, often hosts ‘one-on-one Dhamma sessions’ with his male followers at an accommodation by the river. The monk is quite busy and communicates with his followers online. He has a large following, both Thai and Laotian, but seems to particularly focus on the Laotian followers.” The “one-on-one Dhamma sessions” mentioned in the post were suspected to be sexual encounters rather than genuine Dhamma teachings. The online conversations between the monk and his followers were also interpreted as sexually suggestive rather than spiritual consultations. The page shared screenshots of conversations with the man who claimed to have had a sexual encounter with the monk. The man alleged that the incident occurred at a riverside accommodation associated with a temple where the monk previously resided, not at his current location. The monk in the Borabue district, Surachai, later admitted that the monk mentioned in the Facebook post was likely himself. However, he denied the accusations, insisting that the information shared by the page was untrue. Surachai explained that he had a financial disagreement with another monk, with whom he worked together for over eight years delivering sermons. He believed that this monk had fabricated the allegations to damage his reputation. Wanchai Thepwong, the leader of the community where Surachai’s current temple is located, told Channel 7 that Surachai resided at the temple for about four years. During this time, he contributed significantly to the temple’s development and had never been involved in any previous controversies. The subdistrict abbot, Sud Pattanadarnkit, commented during a media interview that Surachai displayed effeminate behaviour and was often seen bringing male teenagers to his accommodation. However, Sud clarified that there had never been any formal complaints or allegations of sexual misconduct or violations of Buddhist principles before this incident. The abbot confirmed that further investigations would be conducted into the matter. By Petch Petpailin Photo via Channel 7 Source: The Thaiger -- 2024-11-26

Beauty and the bust: Cops raid fake Khon Kaen cosmetics factory Image courtesy of Wassayos Ngamkham/Bangkok Post In a significant crackdown on illegal cosmetics production, the Consumer Protection Police Division (CCPD) conducted a raid on an underground factory in Khon Kaen, resulting in the seizure of more than 40,000 counterfeit items valued at approximately 2 million baht. Full Story: https://aseannow.com/topic/1344645-beauty-and-the-bust-cops-raid-fake-khon-kaen-cosmetics-factory/

In a significant crackdown on illegal cosmetics production, the Consumer Protection Police Division (CCPD) conducted a raid on an underground factory in Khon Kaen, resulting in the seizure of more than 40,000 counterfeit items valued at approximately 2 million baht. Investigators traced the illegal operation to a residence located in the Chum Phae district, where unauthorised cosmetic products were being manufactured and distributed to numerous shops throughout the northeastern province. The raid, executed yesterday, November 25, uncovered a fully operational production facility manufacturing fake cosmetics products. Upon entering the premises, law enforcement discovered multiple workers and a 23 year old woman identified only as Janya, who acknowledged her role as the responsible party for the illegal manufacturing operation. The house was equipped with an extensive array of machinery dedicated to labelling and packaging the illicit products. Police Major General Withaya Sriprasertparp, the division commander, disclosed during a press briefing today that the CCPD had seized 38 distinct product lines, totalling over 40,000 items with an estimated worth exceeding 2 million baht. Janya has been initially charged with producing and selling unsafe, unauthorised, and counterfeit cosmetic products. The legal proceedings against her are expected to continue, reported Bangkok Post. In light of this discovery, Pol. Maj. Gen. Wittaya issued a stern warning to consumers, urging them to exercise extreme caution when purchasing health and beauty products, particularly those sold through online channels. He emphasised the potential dangers these unauthorised products may pose to consumer health and safety. By Ryan Turner Image courtesy of Wassayos Ngamkham/Bangkok Post Source: The Thaiger -- 2024-11-26

No dirty money: Thai politician denies links to The iCon scandal Photo courtesy of DSI Facebook via Bangkok Post Embattled politician Samart Janechaijittawanich is vehemently denying accusations of money laundering amid allegations that he received millions of baht from The iCon Group, a direct sales company currently under investigation for alleged public fraud. Samart insists the funds were merely “loans and donations” and has vowed to prove his innocence within two weeks. Full Story: https://aseannow.com/topic/1344644-no-dirty-money-thai-politician-denies-links-to-the-icon-scandal/

Embattled politician Samart Janechaijittawanich is vehemently denying accusations of money laundering amid allegations that he received millions of baht from The iCon Group, a direct sales company currently under investigation for alleged public fraud. Samart insists the funds were merely “loans and donations” and has vowed to prove his innocence within two weeks. According to Department of Special Investigation (DSI) Director-General Police Major Yutthana Praedam, Samart was questioned in Bangkok last night, November 25, following his arrest earlier that day at a temple in Chiang Rai, where he claimed he was “making merit” and had no intention of fleeing the country. “Samart denied the money-laundering charge and promised to file a written statement to prove his innocence in 15 days.” Samart, along with his mother Wilawan, maintains that the funds, 3 million baht in total, received from The iCon Group were legitimate. The DSI has flagged these transactions for further scrutiny, however, noting that 2.5 million baht came directly from The iCon Group’s CEO, Warathaphon Waratyaworrakul. Wilawan’s bank account, which has received close to 100 million baht from various sources, has raised DSI suspicions, with Yutthana confirming, “The 3-million-baht amount is part of this larger sum.” Samart’s troubles began after an audio clip surfaced, allegedly revealing a conversation between The iCon Group’s founder and a non-MP House committee member, suggesting an offer to settle complaints in exchange for money. The Criminal Court issued a warrant for the politician’s arrest, sparking the DSI’s probe into his financial dealings. As the case unfolds, the former Palang Pracharath Party deputy spokesperson stands firm but the DSI’s investigation continues, casting a cloud over his political career and reputation, reported Bangkok Post. By Puntid Tantivangphaisal Photo courtesy of DSI Facebook via Bangkok Post Source: The Thaiger -- 2024-11-26

Outrage Over Traffic Chaos as Thai Road Closes for Ceremony Honoring Bus Fire Victims File photo for reference only Thailand witnessed heavy traffic congestion yesterday after Vibhavadi-Rangsit Road was closed to hold a merit-making ceremony for the 23 victims of a tragic bus fire. This decision sparked criticism due to its impact on the already busy road. Full Story: https://aseannow.com/topic/1344642-outrage-over-traffic-chaos-as-thai-road-closes-for-ceremony-honoring-bus-fire-victims/

Thailand witnessed heavy traffic congestion yesterday after Vibhavadi-Rangsit Road was closed to hold a merit-making ceremony for the 23 victims of a tragic bus fire. This decision sparked criticism due to its impact on the already busy road. The tragedy occurred on October 1, when a bus carrying students and teachers from Wat Khao Phraya Sangkharam School caught fire during a field trip, resulting in one of this year's deadliest road accidents. Yesterday, November 25, the ceremony took place at the site of the tragedy, attended by families, Deputy Prime Minister Anutin Charnvirakul, and other officials. The atmosphere was somber as grieving parents struggled with their loss. The road closure lasted from midnight until noon, as the Pathum Thani Provincial Administrative Office had informed the public on November 22. Despite the notice, drivers faced significant disruptions, with some not receiving the information or unable to find alternative routes. Critics argued that the timing and location were inappropriate, suggesting that a less busy venue or a weekend event would have minimized commuter disruption on a typically busy Monday morning. In response to the backlash, ceremony organizers explained their choice. Residents expressed unease following the fire and insisted the event be held there to bring good fortune back to the road. Traditional beliefs also suggested that the souls of the deceased would only find peace if the ceremony happened where the tragedy occurred. File photo for reference only -- 2024-11-26

Phuket's Bold Plan: Old Town Aims for Carbon Neutrality by 2030 File photo for reference only Phuket is taking a significant step towards sustainable tourism with the Phuket Old Town Carbon Neutrality 2030 initiative. The goal is to transform the historic old town into Thailand’s first carbon-neutral area by the end of the decade. Full Story: https://aseannow.com/topic/1344641-phukets-bold-plan-old-town-aims-for-carbon-neutrality-by-2030/

Phuket is taking a significant step towards sustainable tourism with the Phuket Old Town Carbon Neutrality 2030 initiative. The goal is to transform the historic old town into Thailand’s first carbon-neutral area by the end of the decade. Tourism and Sports Minister Sorawong Thienthong, on behalf of Prime Minister Paetongtarn Shinawatra, officially kicked off the initiative at the 72nd Anniversary Queen Sirikit Park in Phuket Old Town. This launch was attended by local government officials, private sector representatives, and community leaders who are dedicated to promoting sustainable tourism. Bhummikitti Ruktaengam, head of the Sustainable Tourism Development Foundation, explained that this initiative began with his foundation and is now supported by the Phuket City Municipality, the Big Data Institute (BDI), and the local community. They aim to set a standard for sustainable tourism by reaching carbon neutrality by 2030. To limit tourism's environmental impact, the project focuses on efficient resource use, waste reduction, recycling, and community engagement. One of its key features is the introduction of waste separation with color-coded bags and the use of smart technology to monitor and manage carbon emissions in real-time. The Big Data Institute has developed an innovative system to track carbon dioxide emissions by analyzing data on traffic, waste, and water pollution. This system has the ambitious goal of reducing emissions in the old town by 30% within three years and achieving a 50% decrease by 2030. Phuket’s commitment to environmental care is further highlighted by its selection as the host for the Global Sustainable Tourism Conference in 2026. This event will showcase the island's efforts to maintain its natural beauty while remaining a popular tourist destination. Attractions like Phuket Old Town’s famous Lard Yai Sunday walking street, which brings in about 30,000 visitors weekly, highlight the area's cultural richness but also create challenges in managing waste and carbon emissions. Governor Sophon Suwanrat emphasized the need for effective strategies to address environmental issues as global sustainable tourism standards evolve. Mayor Saroj Angkanapilas echoed this sentiment, stressing the importance of blending the preservation of the town’s cultural heritage with modern sustainability practices. File photo for reference only -- 2024-11-26

Thai housemaid’s 100 million baht fortune hits a legal snag Photo via KomChadLuek A Thai housemaid on Koh Samui, an island in the southern province of Surat Thani, is unable to claim a 100-million-baht estate left to her by her deceased French employer due to illegal actions surrounding the foreigner’s business. Full Story: https://aseannow.com/topic/1344640-thai-housemaid’s-100-million-baht-fortune-hits-a-legal-snag/

A Thai housemaid on Koh Samui, an island in the southern province of Surat Thani, is unable to claim a 100-million-baht estate left to her by her deceased French employer due to illegal actions surrounding the foreigner’s business. The 59 year old French businesswoman, Catherine Delacote, took her own life on April 29 of this year by shooting herself at her luxury villa on Koh Samui. CCTV footage from the property showed Catherine using a mop to turn the camera away before shooting herself in the temple. Reports indicate that Catherine died by suicide due to her battle with cancer. Her Thai housemaid, Natwalai, also known as Tim, told the police that her employer frequently expressed her struggles with the illness. The story drew public attention when details of Catherine’s will emerged. The will, drafted before her death, stipulated that she wished to leave two luxury villas to her ex-husband Vincent and the remainder of her assets which were valued at about 100 million baht to her housemaid, Tim. The assets Tim was set to inherit included luxury villas with plots of land worth around 30 million baht, cash, savings in bank accounts, jewellery, other valuables, and even Catherine’s three beloved cats. In an interview with several news outlets, Tim expressed her astonishment at Catherine’s decision. She revealed that she had lived with Catherine for about 17 years, starting from when the Frenchwoman was staying in a rented room. Tim had been by Catherine’s side throughout her journey of building rooms, resorts, and luxury villas for rent. As Catherine’s business expanded, she moved to Koh Samui, purchasing land and constructing five luxury villas for personal use and rental purposes. Illegal registration and nominees While the story initially inspired heartwarming sentiments, it also raised questions about the legality of Catherine’s business operations and land ownership. This prompted an investigation by the police and Surat Thani Provincial Administration officials. The inheritance intended for Tim was put on hold pending the outcome of the investigation. After more than seven months of inquiries, Surat Thani Provincial Police announced today, November 26, that Tim would not be able to claim the assets because officials discovered illegal practices in Catherine’s business dealings. Police identified two Thai nationals, 50 year old Thongssai Katisuk and 36 year old Ratchaprapa Soreda, as shareholders in Catherine’s company. Investigators suspect the two acted as nominees, enabling Catherine to register her company and hold land on the island illegally. A law firm was also implicated in providing consultation and facilitating the unlawful registration of Catherine’s company. Police would summon all relevant parties for questioning and to face legal charges. Due to these illegal activities, Tim is denied the inheritance, and all of Catherine’s assets will eventually become state property following the conclusion of the legal proceedings. By Petch Petpailin Photo via KomChadLuek Source: The Thaiger -- 2024-11-26

Chinese Firms Eye $2.5 Billion Investment in Thai Industries File photo for reference only As potential high tariffs on Chinese exports loom under the incoming U.S. president, Chinese entrepreneurs are looking to Thailand for investment opportunities. According to Thailand's Board of Investment (BoI), investments worth 90 billion baht (approximately $2.5 billion) are anticipated in sectors like electric vehicle (EV) battery production, data center equipment, and biodegradable packaging. Full Story: https://aseannow.com/topic/1344639-chinese-firms-eye-25-billion-investment-in-thai-industries/

As potential high tariffs on Chinese exports loom under the incoming U.S. president, Chinese entrepreneurs are looking to Thailand for investment opportunities. According to Thailand's Board of Investment (BoI), investments worth 90 billion baht (approximately $2.5 billion) are anticipated in sectors like electric vehicle (EV) battery production, data center equipment, and biodegradable packaging. Narit Therdsteerasukdi, the BoI Secretary-General, mentioned these investments could greatly boost Thai industries, especially with the rising demand for advanced electronic components. "This is an important time to attract large investment projects from companies specializing in high technology," he stated. The comments came after a delegation led by Deputy Prime Minister Pichai Chunhavajira, including BoI officials, visited Shanghai from November 19 to 22. The goal was to showcase Thailand's investment incentives to Chinese business leaders. At least six companies have shown interest in these opportunities, ready to commit a collective 90 billion baht. Two companies plan to establish battery cell factories to support the expanding EV, energy storage, and clean energy sectors. Three others are focused on developing computer chips and crucial equipment for data centers and telecommunications, positioning Thailand as an export hub. This move is expected to create engineering jobs and strengthen Thailand's expertise in artificial intelligence (AI). The final company plans to set up a bio-packaging facility to convert bagasse—sugarcane processing waste—into eco-friendly food packaging. Narit emphasized this project would not only recycle agricultural byproducts but also enhance the value of bagasse. During the Shanghai visit, Pichai's team also met with representatives from the Chinese Energy and Battery Industry Association. They discussed the challenges of used batteries, highlighting the need for recycling technology and regulations to handle the expected rise in used batteries in Thailand. "Effective management of this emerging issue is crucial," Narit concluded, stressing the need for battery recycling technology and regulatory laws. File photo for reference only -- 2024-11-26

Thailand's Banks Sitting on Cash Pile: Struggle Between Lending and Liquidity File photo for reference only Thailand's banking sector is currently dealing with a large surplus of cash, as reported by a Bank of Thailand (BoT) assistant governor. Despite this, the central bank hasn't tightened its lending rules, suggesting banks remain cautious about giving out loans. Full Story: https://aseannow.com/topic/1344638-thailands-banks-sitting-on-cash-pile-struggle-between-lending-and-liquidity/

Thailand's banking sector is currently dealing with a large surplus of cash, as reported by a Bank of Thailand (BoT) assistant governor. Despite this, the central bank hasn't tightened its lending rules, suggesting banks remain cautious about giving out loans. In a piece on the BoT website, Assistant Governor Sakkapop Panyanukul notes that banks determine who to lend to based largely on whether those borrowers can pay back. For the past ten years, banks have consistently held onto considerable excess cash. Sakkapop highlights that this is clear from the big deposits and investments that commercial banks have with the central bank, ranging from 4 to 5 trillion baht (around US$115.64 to US$144.55 billion). The Thai government views high household debt as a hurdle to boosting the economy, particularly after the pandemic. To counter this, they are pushing banks to offer more loans to help spark economic growth. Sakkapop further mentions that while the central bank's lending guidelines stress setting reasonable payment plans for borrowers, they don't heavily control how banks decide to lend. File photo for reference only -- 2024-11-26

Thailand Airport Expansion Spurs Compensation Talks for Impacted Homes File photo for reference only Airports of Thailand (AOT) has announced plans to compensate property owners affected by the third runway project at Suvarnabhumi International Airport, now scheduled for completion in early 2025. This development was highlighted by Bangkok City Council Chairman, Surajit Phongsingwitthaya, who indicated that the exact number of affected properties is still under assessment. Full Story: https://aseannow.com/topic/1344635-thailand-airport-expansion-spurs-compensation-talks-for-impacted-homes/