Economy will grow less than expected, over 50% of 305 businesses say

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https://www.nationthailand.com/business/econ/40019603


More than half of business operators believe the Thai economy will grow less than 3.3 per cent this year, the Thai-Chinese Chamber of Commerce said.

Economy will grow less than expected, over 50% of 305 businesses say

President Narongsak Putthapornmongkol said on Wednesday that the chamber conducted a survey of 305 members from August 16 to 18 about their trust in Thailand’s economic direction in the fourth quarter.

Some 40 per cent felt the economy in the last quarter would be better than the previous one, 30.8 per cent said it would grow at the same rate and 26 per cent thought it would slow down.

The respondents were of the opinion that tourism, online, health services, agriculture, logistics, and processed agricultural products would drive the economy in quarter four.

They also felt the businesses that need to improve urgently are tourism, agriculture, energy and infrastructure, real estate and construction, and manufacturing.

Those surveyed see the tourism industry as a key opportunity for the Thai economy to recover quickly “if obstacles are overcome quickly”.

Economy will grow less than expected, over 50% of 305 businesses say

As for news that the economy would grow only up to 3.3 per cent this year, 56.7 per cent thought there was little chance of that happening, while 39.7 per cent said there was a high chance such growth could be achieved. The rest said it was impossible.

The respondents viewed recession, pressure from inflation, political stability and high household debt as the main obstacles to a recovery.

Some 33 per cent thought the world economy would see a slight recess, 25 per cent said it would significantly be affected, and a minority of 12.5 per cent felt that a crisis was brewing. Only 19.8 per cent of respondents believed the global economy would recover.

Meanwhile, 65 per cent of respondents thought Thailand’s policy interest rate would increase once again before the end of the year and pose a key obstacle to smooth economic growth.

Narongsak said 41.6 per cent felt a conflict between superpowers would hit the Thai economy, while 20.7 and 9.2 per cent thought it would affect Thailand seriously and very seriously, respectively.

Precisely 54.4 per cent still trust in exports to China in the current situation as Thailand is not a part of any conflict, while 31.5 per cent were highly confident China was a reliable export market for Thailand.

Around 80 per cent believe the number of Chinese tourists, if any, will be lower than expected in the fourth quarter.

Regarding Thai-Chinese economic ties, 40.7 per cent of respondents felt trade between the two countries in the last quarter would be better than in the previous quarter, 25.2 per cent said it would grow steadily and 31.5 per cent were of the view that it might slow down.

As for exports, 43.6 per cent of those surveyed expect China to import more Thai products.

According to the survey, 42 per cent of respondents thought Chinese investment in Thailand would increase, while 30.8 said it would remain the same as the third quarter.

Regarding the baht, 34 per cent expected the currency to strengthen in the fourth quarter, while 36 per cent said it would stay at the level between 35.59 and 36.90 to the US dollar.

Published : September 01, 2022

By : THE NATION

Weakening baht could reach new resistance level of 36.75: market strategist

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https://www.nationthailand.com/business/econ/40019593


The baht opened at 36.65 to the US dollar on Thursday, weakening from Wednesday’s close of 36.47.

Weakening baht could reach new resistance level of 36.75: market strategist

The currency is expected to move between 36.50 and 36.75 during the day, Krungthai Bank market strategist Poon Panichpibool predicted.

He said the baht could continue to weaken as it had swept past its resistance level of 36.50 to the dollar, so there is a risk it would reach a new resistance level of 36.75.

Poon noted that the baht was pressured because of a strengthening dollar and the gold price heading downward.

However, the baht’s weakening might slow down if foreign investors continue to opt for Thai stocks, as an economic recovery is likely after the Bank of Thailand signalled it may increase the interest rate gradually, he said.

The strategist advised investors to use hedging tools such as options to manage risks in a highly volatile currency market.

Published : September 01, 2022

By : THE NATION

Thailand to import another 100,000 tonnes of fertiliser from Saudi Arabia

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https://www.nationthailand.com/business/econ/40019577


Commerce Minister Jurin Laksanawisit met with Yousef Abdullah Al-Benyan, CEO of Saudi Basic Industries Corporation (SABIC), on Tuesday in a move to import 100,000 more tonnes of much-needed fertiliser.

Thailand to import another 100,000 tonnes of fertiliser from Saudi Arabia

Jurin said SABIC is one of the top fertiliser companies in the world, trading with more than 50 countries and now Thailand since Thai-Saudi relations were restored.

He said SABIC has been in operation for almost 50 years in the fields of petroleum, fertiliser, chemicals, and medical equipment.

Jurin mentioned that the Saudi government wants to facilitate negotiations so Thailand could import more fertiliser from the Middle East country.

The minister pointed out that the price of fertiliser in the world market is high, while Thailand has been forced to import almost 100 per cent of its needs.

Moreover, shipping costs have also increased due to rising fuel prices, which is keeping prices in the domestic market high.

Thailand to import another 100,000 tonnes of fertiliser from Saudi Arabia

Jurin said he must solve two problems – price and quantity – as farmers need to have enough fertiliser.

The Internal Trade Department will come up with a new price structure, which would be in line with actual import costs, he said, adding that it would be fair to farmers as they are users and importers.

Thailand to import another 100,000 tonnes of fertiliser from Saudi Arabia

Jurin said he approved a contract to import 323,000 tonnes of fertiliser from Saudi Arabia in July and he had negotiated for another 102,000 tonnes.

He expected imports to solve the quantity problem, but the price would still be according to market mechanisms. So his ministry is teaming up with the Agriculture and Cooperatives Ministry to find sources of fertiliser at special prices to help farmers. He admitted this was not easy, but he would try his best.

Thailand to import another 100,000 tonnes of fertiliser from Saudi Arabia

Jurin said both ministries had previously joined hands with the Thai Fertiliser Producers & Trade Association to reduce the price of 4.5 million sacks of fertiliser by 20 to 50 baht per sack.

Moreover, he is also considering a measure to subsidise fertiliser prices for farmers but is awaiting a response from associations related to the country’s finances.

Thailand to import another 100,000 tonnes of fertiliser from Saudi Arabia

Jurin said it would be quicker to import fertiliser from Saudi Arabia as the government had allowed imports from another Saudi firm called Ma’aden.

According to the International Trade Promotion Department, Saudi Arabia is the sixth top fertiliser exporter in the world. The country exports fertiliser mostly to India, Bangladesh, Brazil, the US, Australia, and now Thailand, respectively.

The top three exported fertilisers by Saudi Arabia are NPK, nitrogen and potassium.

Published : August 31, 2022

By : THE NATION

Chart Pattana, Kla call joint press conference, sparking merger rumours

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https://www.nationthailand.com/in-focus/politics/40019623


The Chart Pattana and Kla parties have announced a joint press conference on Friday, leading to speculation of a merger of the two parties.

Chart Pattana, Kla call joint press conference, sparking merger rumours

Chart Pattana Party spokeswoman Yaowapa Boorapolchai and Kla Party spokesman Sanyakorn Singhaweratham sent a Line app message to reporters on Thursday afternoon that the two parties would hold a joint press conference at 10.30am on Friday.

The two spokespersons said in the message: “At 10.30am on September 2, Suwat Liptapanlop, Chart Pattana chairman, and Kla leader Korn Chatikavanij will jointly hold a political press conference at house No. 333 on Rajavithi Soi 20 in Bankok’s Dusit district.”

Sources from the two parties said they would announce solutions that the two parties had jointly agreed on for solving the country’s economic and political crises.

The sources said the joint press conference would be the formal start of political cooperation between the two parties for boosting the potential of both Chart Pattana and Kla at the next general election. The current House of Representatives is scheduled to finish its four-year term in March, after which a general election will be held.

A source from the Chart Pattana said the party’s MPs have not been informed about the joint press conference and the political “cooperation” and had not been told to attend the press conference. Only core leaders would attend the event, the source said.

Political observers expect the joint press conference to be the formal start for the two parties to work towards an eventual merger, which would have to be formally ratified by the two parties’ executive boards.

Earlier, Suwat told reporters that he was ready to join a joint press conference with the Kla and he was confident his party would win more House seats in the future.

Published : September 01, 2022

By : THE NATION

NHSO’s Covid-19 telemedicine, drug delivery services prove to be successful

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https://www.nationthailand.com/in-focus/national/40019635


More than 55,000 Covid-19 patients have registered with the National Health Security Office (NHSO) scheme to have relevant medications delivered to them from local pharmacies.

NHSO’s Covid-19 telemedicine, drug delivery services prove to be successful

The scheme was launched on March 24 with 532 pharmacies participating nationwide to help ease the burden on hospitals. As of August 29, as many as 55,482 people who tested positive for Covid-19 registered for the drug-delivery service, government spokesperson Ratchada Thanadirek said on Thursday.

Most of the patients are in Bangkok (21,200), followed by Nonthaburi (4,564), Chonburi (4,367), Chiang Mai (2,806) and Nakhon Pathum (2,651).

The NHSO also launched Covid-19 telemedicine services on July 11 via three applications for patients under self-isolation.

These applications are “Clicknic”, which focuses on patients in the vulnerable group (those over 60 or suffering from any of eight underlying conditions), “MorDee” which only accepts “green” patients or those with mild symptoms, and “Good Doctor” that focuses on green patients in Greater Bangkok and Chonburi.

“From July 11 to August 30, 9,043 people have used the NHSO’s Covid-19 telemedicine services,” Ratchada said. “Of them, 4,942 people used Good Doctor, while 2,151 and 1,950 used Clicknic and MorDee applications, respectively.

“NHSO will continue providing telemedicine and drug delivery services to ensure Covid-19 patients have access to treatment without having to go to a hospital,” Ratchada said.

“However, these services are only suitable for patients with mild or no symptoms. To effectively prevent severe symptoms, people are advised to get booster shots at appropriate intervals, especially those in vulnerable groups,” she added.

On Friday, Thailand recorded 2,046 confirmed Covid-19 cases and 24 deaths, while 1,565 patients had recovered and discharged from hospitals.

The number of cumulative cases in the country since January 1, stands at 2,431,534 with 10,654 deaths.

As of August 31, more than 142.75 million Covid-19 vaccines had been administered in Thailand. Of them, 57.26 million are first jabs covering 82.3 per cent of the population, 53.72 million second jabs covering 77.2 per cent of the population, and 31.77 million boosters covering 45.7 per cent of the population.

Published : September 02, 2022

By : THE NATION

THB630 million spent as new phase of government subsidies begins

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https://www.nationthailand.com/in-focus/national/40019631


More than 3 million people spent over 630 million baht on Thursday, the first day of the government’s new phase of three subsidy programmes, according to the Finance Ministry.

THB630 million spent as new phase of government subsidies begins

As of noon, 2.03 million holders of the “state welfare cards” spent 404.5 million baht at the start of the fifth phase of the subsidy programme launched since the outbreak of the pandemic, Finance Ministry spokesman Pornchai Thiraveja said on Thursday.

A total of 91,592 people in “fragile groups” eligible for special state assistance spent 18.08 million as of noon on Thursday in the third phase of the subsidy programme.

Another 1.01 million people eligible for the “Kon La Krueng” co-payment scheme spent 209 million baht at the start of the fifth phase on Thursday. Of all the spending, those eligible spent 105.31 million baht and the government co-paid 103.69 million.

Altogether, 3.13 million people spent 631.58 million baht on the first day of the new phase, according to Pornchai, who doubles as director-general of the Finance Ministry’s Fiscal Policy Office.

In the fifth phase of the “Kon La Krueng” scheme, users are allowed an 800-baht subsidy to be spent until October 31. The government covers half of the price but not more than 150 baht per day.

Users can make their payments through the Pao Tang mobile app when buying food and other products at shops and stalls that take part in the scheme. They can also make purchases through five food delivery online platforms, namely Shopee Food, Lineman, Grab Food, Food Panda, and True Food.

The spokesman also reminded those eligible for the co-payment scheme of the condition that requires them to make their first payment by September 14, or they will be stripped of the right.

He also said that as many as 7 million people eligible for the programme have yet to confirm their rights with the Pao Tang app. All 21 million users from the scheme’s phase 4 are eligible for phase 5.

Published : September 01, 2022

Highways Department seeks THB6.7 billion more funds for Korat motorway

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https://www.nationthailand.com/in-focus/national/40019626


The Highways Department will next week ask the Cabinet to approve an additional budget of 6.7 billion baht for the construction of the remaining parts of the Bang Pa-in-Saraburi-Nakhon Ratchasima motorway.

Highways Department seeks THB6.7 billion more funds for Korat motorway

Asource from the department said it has informed the Transport Ministry and the Budget Bureau that 16 remaining parts of the motorway project needed change in construction designs, hence an additional budget of 6.755 billion baht would be required.

The source said Transport Minister Saksayam Chidchob is expected to ask the Cabinet during the weekly meeting on Tuesday to approve the request for the additional budget.

The project was approved by the Cabinet on July 14, 2015 to construct a 196-kilometre-long motorway linking Bang Pa-in in Ayutthaya to Saraburi province and to Nakhon Ratchasima province.

The project was approved with an initial budget of 84.6 billion baht and the project was divided into 40 parts. Construction started in 2016 and so far, 24 parts have been completed.Highways Department seeks THB6.7 billion more funds for Korat motorway

The source said the remaining 16 parts have not been done because construction was hampered with issues related to the geology of the areas, requiring new designs for the pending parts. The conditions of the areas have changed since the initial project survey in 2018, the source explained.

Highways Department seeks THB6.7 billion more funds for Korat motorwayThe source said the designs had to be changed to respond to public utilities in the area as well public complaints.

Parts of the motorway, which have been done, are expected to be open for public testing late next year. The toll gate system is expected to be tested in 2024 and the entire motorway route will be opened to traffic in 2025.

Published : September 01, 2022

By : THE NATION

Prawit tells Education Ministry to find solution to school van incidents

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https://www.nationthailand.com/in-focus/national/40019620


Caretaker Prime Minister General Prawit Wongsuwan has ordered the Education Ministry to find a solution to the problem of school van incidents that have even caused fatalities.

Prawit tells Education Ministry to find solution to school van incidents

Aseven-year-old girl was found suffocated to death inside a school van in Phan Thong district of Chonburi province on Tuesday after she was accidentally left behind in the vehicle.

In a move to prevent such incidents from happening again, Defence Ministry spokesman General Kongcheep Tantravanich said on Thursday that Prawit told Education Minister Treenuch Thienthong to invite every sector to find a solution together with lessons from previous incidents.

Prawit tells Education Ministry to find solution to school van incidents

Prawit also ordered the ministry to contact the police to investigate the case while also taking care of the victim’s family. Prawit said he wanted preventive measures and a safe environment in places where children could not protect themselves.

Prawit tells Education Ministry to find solution to school van incidents

Meanwhile, Treenuch said that she had told Peerasak Rattana, secretary-general of the Office of the Private Education Commission, to investigate the school in Chonburi where the latest incident had occurred.

She also ordered the Office of the Private Education Commission to set up a committee to find the person responsible for this tragedy.

Published : September 01, 2022

By : THE NATION

Southern school praised for taking steps to prevent fatal traps in vans

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https://www.nationthailand.com/in-focus/national/40019619


A school in Nakhon Si Thammarat won plaudits from netizens for its measures to keep young kids safe from being trapped inside its school vans.

Southern school praised for taking steps to prevent fatal traps in vans

Boriboon Witaya School, which runs kindergarten and primary school classes, came in for praise after the Drama Addict Facebook page shared photos of the school’s vans and measures undertaken to prevent possible tragic death.

Drama Addict, which is a popular page on social issues, shared the school’s post on Wednesday, a day after a 7-year-old second grader of a school in Chonburi’s Phan Thong district was found dead after she was left inside a school van.

The driver, who is also a teacher, found the girl lifeless at 4pm when he was about to get ready to drive students back home after class.

He had forgotten to check the interior of his van after transporting students to school in the morning and had locked it, police said. The girl died of suffocation from heat and a lack of oxygen.

In the post, Boriboon Witaya School showed photos of its school vans parked in a row with their back and side doors left open as part of the measures to keep students from being locked or trapped inside.

Southern school praised for taking steps to prevent fatal traps in vansThe school said the teacher assigned to each van would check each student’s name from a list as they get in and out.

The driver then makes it a point to check the interior of his van before cleaning it. The vehicle’s doors are always left open when parked just in case a student is accidentally left inside, the school added.

As of Thursday afternoon, the post garnered more than 29,000 likes and over 10,000 comments and was shared over 12,000 times.

“Good, simple and correct,” one netizen commented.

“Lovely, this will give parents peace of mind. This method is the best,” another commented.

“That’s right. Why should the doors of school vans be locked when the vehicles are parked inside a school?” yet another commented.

According to Channel 3, there were 129 reported incidents of school children being left inside vehicles from 2014 to 2020. Six were killed from 2016 to 2020. Here are five incidents:

– May 11, 2016: a three-year-old girl was left inside a van on the way to a nursery in Samut Prakan. The van had a malfunctioning air-conditioner and students were relocated to another vehicle, but the three-year-old victim was unfortunately forgotten inside the van.

– July 31, 2017: a 6-year-old first grader of a school in Ayutthaya was found left in a pickup truck that was modified to transport children. The kid was trapped inside a space behind the driver. He died three days later.

– August 15, 2018: a van driver left a 3-year-old girl inside his vehicle after driving children to a school in Pattani’s Sai Buri district.

– June 18, 2018: a five-year-old girl was trapped inside the space behind the driver’s seat of a pickup truck used to transport students. The teacher forgot she was inside after helping other kids leave the vehicle at a nursery in Khon Kaen.

– August 11, 2020: a 2-year-old boy was left inside a school van belonging to a nursery in Nakhon Si Thammarat. The van was left parked under the sun from 7.30am to 1.30pm. The boy died four days later.

Published : September 01, 2022

By : THE NATION

LSD cattle disease cases decrease sharply this year

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https://www.nationthailand.com/in-focus/national/40019616


Thailand has successfully reined in lumpy skin disease (LSD) afflicting cattle, Agriculture and Cooperatives Minister Chalermchai Srion announced on Thursday.

LSD cattle disease cases decrease sharply this year

He said the number of reported LSD cases had declined substantially this year when compared to 2021.

This year’s average monthly incidents numbered 389, down by as much as 99.4 per cent from 62,654 last year.

Between January 1 and August 30, only 3,115 cattle were reported to be ill from LSD, most of which were young animals that had not been vaccinated, Chalermchai said.

“This success resulted from the Department of Livestock Development’s strict and continued measures in controlling the lumpy skin disease, as well as good cooperation from cattle raisers,” said the agriculture minister.

Department director-general Sorravis Thaneto said on Thursday that his agency had implemented five key measures in an effort to control LSD in the country. They are close monitoring, strict control of cattle movement, reduction of insects that are potential carriers, proper treatment of animals falling ill from the disease, and cattle vaccination.

LSD cattle disease cases decrease sharply this year

LSD is a devastating disease in cattle and buffaloes. The disease causes large skin nodules covering the entire body, poor milk production and miscarriage. However, the morbidity rate varies from 10 to 20 per cent, with low mortality.

The first outbreak in Thailand was reported in March 2021 in northeastern Roi Et province. Another outbreak was reported in Nakhon Phanom, also in the Northeast, two months later.

Last year, the Department of Livestock Development imported 5.36 million doses of LSD vaccines and received another 700,000 doses donated by the private sector, according to Sorravis.

Also, Thailand is capable of producing 50,000 LSD vaccine doses every month and the distribution began in June, he said.

In July, the Cabinet endorsed a department request for money to procure 6.3 million LSD vaccine doses to be used as booster shots, according to the director-general.

LSD cattle disease cases decrease sharply this year

Published : September 01, 2022