Category: Miscellaneous

Bangkok, Krungthai COMPASS points out that EV 3.0 measures are starting to operate. Push Thai car production to continue recovering But there are still pressure factors from weak purchasing power. and continuously strict lending standards

Krungthai COMPASS publishes analysis on ‘EV 3.0 measures start to operate pushing Thai automobile production to continue recovering,’ indicating that the Thai automobile manufacturing industry is still in the recovery phase. From the COVID crisis and Supply Chain problems, it is expected that in 2024, Thai automobile production will expand 4.8%YoY to reach 1.97 million vehicles, returning to a level similar to the period before COVID-19 (2019). 2019) with a production total of 2.01 million vehicles, considering that there are 2 main supporting factors that cause the total production of automobiles in Thailand to increase:

1. Various automakers participating in the EV 3.0 measures will begin producing electric cars in Thailand. Initially, it is estimated that the results o
f the EV 3.0 measures will help increase the production of electric cars by approximately 5-70,000 units, or equivalent to 3-4. % of total car production in 2024, which new Upside is coming And most recently on December 19, 2023, the Cabinet passed a resolution approving EV 3.5 measures to be enforced during 2024-2027 to promote the continued expansion of the electric vehicle industry. and push Thailand to be a center for producing electric vehicles. This will have a positive impact on automobile production in the future.

2. Global automobile demand is likely to gradually recover. and the demand for internal combustion engines (ICE) that is expected to continue to dominate the world market for another 6-7 years. It is expected that the total production of automobiles for export in Thailand in 2024 has the opportunity to increase. to reach the level of 1.13-1.16 million vehicles, or an expansion of approximately 4-8%YoY following global car sales that continue to gradually recover. Thai car exports still have
the opportunity to continue expanding in 2024, especially in the Asian countries (excluding China) and the Middle East which holds a market share of nearly 50% of the value of automobile exports in 2022.

Krungthai COMPASS estimates that the total production of automobiles for sale in the country in 2024 will be at a stable level of 0.805 million units, likely to be pressured by weak purchasing power. And lending standards are likely to continue to be strict due to measures taken by the BoT after the ratio of household debt is still as high as 90.7% to GDP. As a result, the BoT hastened to issue various measures to solve the household debt problem, such as granting loans. Responsible Lending, which came into effect on January 1, 2024, requires financial institutions to not encourage consumers to incur more debt than they have. Including having to evaluate Affordability of the debtor to cover the debt burden and have residual income after deducting debt installments Sufficient for living This may cause some co
nsumers to be unable to access credit. This is a factor that puts pressure on car sales. and has a continuous impact on the overall car production in 2024

However, entrepreneurs still face challenges that may affect their businesses both in the short and long term. From the risk factors in 1. Lending standards are likely to continue to be strict. 2. Transition Risk from efforts to reduce greenhouse gas emissions 3. Policy guidelines for banning the sale of internal combustion vehicles in many countries and 4. Israel-Hamas war situation.

Source: Thai News Agency

Surin, A 76-year-old grandmother is the only one left in the village. Preserving the wisdom of raising Mudmee silkworms and hand-woven silk sold at cheap prices The chrysalis shares its offspring with relatives. If there is any left over, sell it to make an income.

Grandma Samrit Sanphet, 76 years old, living at Ban Trat, Samrong Subdistrict, Mueang District, Surin Province, told us about the process of raising Mudmee silkworms, weaving silk, and more than 30 mulberry trees that she planted in the garden next to her house with her students. Come learn Mudmee Learn to weave many models of silk.

Nowadays, even though Grandmother Bronzet Saraphet is 76 years old, she still raises silkworms, makes silk and weaves silk to sell. Is that a newly minted girl? They are dried in the sun before being processed into mudmee and woven by hand. After the chrysalis is removed, they are divided among children and relatives to eat. If there is any left over, it will be sold to villagers in the village. Grandma learned about
raising Mudmee silkworms, weaving silk, and dyeing silk in natural colors from her mother and grandmother. Therefore, every piece of silk is beautiful and exquisite. It is believed that silk will bring good health and good fortune to the wearer.

Many years ago, my grandmother and relatives along with villagers in Trat village They help raise silkworms and weave silk. However, due to their physical condition, they cannot sit for a long time. As a result, now in Trat village there is only one grandmother left who still preserves the local wisdom. Raising Mudmee silkworms and weaving silk by hand In the past, we could weave 40 pieces of silk a day, but today we can only make a few pieces. If you’re tired, take a rest. After recovering, I came to make silk, Mudmee, and continue weaving silk because I was lonely if I was still alone.

Applied silk fabric sells for about 1,000-2,000 baht. Have your son help sell it. and delivered to a silk shop in Surin. Sometimes customers know about the house and come to buy it
at home. Including selling in online markets.

Source: Thai News Agency

Pathum Thani, “Big Joke” has a stressful examination. “Uncle Piak” confirms that the policeman is missing his legs. One of the investigative teams Forced to take off your shirt in an air-conditioned room Put a bag over your head. Torture forced to confess

The Aunt Buapan case has two important points of information that need to be followed up after Pol. Gen. Surachet Hakphan, Deputy Commissioner of the Royal Thai Police. Gave an interview after interrogating “Uncle Piak” at the Homeless Protection Center in Pathum Thani Province. together with the Sa Kaeo Provincial Investigation Team for more than 4 hours

The process is that the Provincial Investigation Team of Sa Kaeo Province has “Uncle Piak” point out current photos of the police. Aranyaprathet Police Station, all officers by “Uncle Piak” confirmed the identity of one police officer with a broken leg, non-commissioned officer, who was one of the investigative teams that forced “Uncle Piak” to take off his shirt in an air-conditioned room to keep cool.
Put a bag over your head. and illegally detained for up to 9 hours in order to force Uncle Piak to confess to killing “Auntie Buapan”. Due to suffering and exhaustion, “Uncle Piak” confessed. Before being taken to make plans But there are no chains. which is considered an offense according to Missing Persons Act and Section 157 of the Criminal Code

There are two important issues that need to be followed up: 1. Did the hooded police officer “Uncle Piak” act under someone’s orders? 2. Deputy Superintendent that appears in the sound clip When did you find out about the head covering? If you knew while doing the crime There may be a crime of co-creation. But if you find out later but don’t punish Must be prosecuted for neglecting to perform duties.

If this police officer really committed a crime May fall under The Prevention and Suppression of Torture and Disappearance Act, 2022, has 2 sections: Section 5. Whoever is a government official does anything that causes pain to others. or serious suffering to the bod
y or mind, etc., imprisonment for 5-15 years and a fine from 100,000-300,000 baht. If the victim is in serious danger, there is a penalty of 20-25 years in prison and a fine from 200,000-500,000 baht. Another section is Section 6. Anyone who is a government official will be punished. or act in any way that is cruel, inhumane, or degrading to human dignity. There is a penalty of imprisonment not exceeding 3 years or a fine not exceeding 60,000 baht, or both.

After the interrogation is finished Officials took “Uncle Piak” to receive treatment for his chronic alcoholism. at Thanyarak Institute without giving any interviews More.

Source: Thai News Agency

The House of Representatives,, Thailand is cool, finding 14.8 trillion tons of lithium-sodium mineral deposits, the main raw material for producing 100% electric vehicle batteries, moving forward towards the goal of being the center and production base for EV batteries in ASEAN.

Mrs. Radklao Inthawong Suwankiri, Deputy Spokesperson for the Prime Minister’s Office, revealed that the Ministry of Industry Exploration found two potential lithium mineral deposits: Rueang Kiat and Bang E Tum. Most recently, a large reserve of sodium mineral deposits was discovered in the northeastern region. These two types of minerals are considered important raw materials used in the production of 100% electric vehicle (EV) batteries. They are considered to help strengthen Thailand’s potential. To aim to be the center and production base for EV batteries in the region.

after last year India discovers lithium deposits Until becoming the main producer in the battery and EV industry, Thailand now has a chance to become a major pr
oducer as well. According to the Department of Primary Industries and Mines, Thailand has discovered more than 14,800,000 million tonnes of lithium ore resources (Million Tonne: Mt), making Thailand the country that has discovered the third most such mineral in the world after From Bolivia and Argentina

Discovery of potential lithium-sodium minerals It is both good news. and is beneficial to the Thai electric vehicle industry As a result, Thailand is one of the countries that possess the most lithium minerals in the world. Helps increase the country’s competitiveness in the production of electric cars and batteries. Attract potential Thai and foreign investors to set up factories. Amidst the competition of many countries In order for Thailand to aim to become the main production base of the region, it is expected that the global demand for lithium will almost double within 2020. 2025 and will need more than 2 million tons by 2025. 2573

‘The growth of the electric vehicle market, the discovery of two mineral
s which are considered important raw materials for the production of EV batteries, makes Thailand reduce imports and become more self-reliant. From the policy of Mr. Settha Thavisin, Prime Minister and Minister of Finance It is considered that this discovery will make Thailand an important marker on the world map in becoming a center and production base for EV batteries,’ Mrs. Radklao said.

Source: Thai News Agency

BANGKOK, Thai women faces rising breast cancer threat with over 17,000 new cases annually, ranking first among cancers in women.

After the death of a 45-year-old Thai actress, Julaluck Isamalone, who succumbed to the breast cancer, Public Health Minister Dr. Cholnan Srikaew expressed concern for Thai women facing the menace of breast cancer, which has become the most commonly diagnosed cancer in Thai women and globally.

The ministry’s spokesperson Ms. Trichada Sritada said the incidence rate of new patients is approximately 12% per year, with 17,742 new cases reported in 2023, averaging 49 cases per day. Recurrence rates for breast cancer are relatively high, posing challenges to the morale of many patients undergoing treatment. However, early detection, prompt treatment, and proper self-care can significantly improve the quality of life and allow for a longer life with loved ones.

Miss Trichada stated that the Ministry of Public Health has recognized this issue and has incorporated cancer care into its 1
00-day QuickWin policy, aiming to address the complete cancer cycle. Dr. Cholnan set the goal of providing holistic care to the population, including promoting cancer prevention, screening, treatment, and immediate recovery.

The Complete Cancer Care policy is another initiative that elevates healthcare to a 30-baht level, enhancing the quality of life for the people. It focuses on five commonly occurring cancers: liver cancer, bile duct cancer, colorectal cancer, breast cancer, and cervical cancer, she added.

In Thailand, there are approximately 140,000 new cancer cases and 84,000 deaths annually.

Dr. Cholnan’s cancer policy emphasizes providing comprehensive cancer services, covering the entire system from prevention and screening to diagnosis, treatment, and end-of-life care.

Therefore, citizens with universal health coverage at a 30-baht rate who have concerns about cancer can seek consultation and examinations at nearby healthcare facilities. Timely diagnosis and prevention are crucial, as cancer can
be swift in its progression but responsive to early intervention.

Source: Thai News Agency

As a message about electric cars was shared regarding 6 scandals about electric cars, such as extremely expensive repair costs. And if you want to update the software, you have to pay more.

Conclusion: Not true, should not be shared ?

Sure Before Sharing Center, check with Mr. Suramis Charoen-ngam, tester and automotive technology expert.

Share that if you’re not rich, don’t buy an electric car. Don’t follow the trend.

Share the cost of electric car repairs. More expensive than combustion cars.

Share that the resale price has dropped significantly.

Share that electric car repairs More difficult than a combustion car Because you have to change parts in bulk.

Share that software updates cost money. And at a certain point it won’t be able to be updated.

Share that when you use an electric car for a long time, repair costs are expensive and you can’t resell second-hand ones.

Source: Thai News Agency

Bangkok, Warning to shoppers and entrepreneurs. Cope with volatility The baht weakened in one month after the Fed cut interest rates later than expected. Put pressure on the price of gold in the world market to fall sharply.

The baht value this morning hit its weakest level in 1 month at 35.50 baht per dollar. Compared to yesterday’s market closing level (16 Jan.) at 35.37 baht per dollar. Kasikorn Bank Indicates that the baht is depreciating After the dollar continued to strengthen following the increase in US bond yields. That benefited from a statement from a US Federal Reserve official, or the Fed, that pointed out that the Fed should be careful in sending signals about interest rate cuts. and may not reduce interest rates as quickly as the market expects. The Fed may maintain interest rates at 5.25-5.50% at the meeting on March 19-20.

For the baht movement framework today (17 Jan.), the preliminary estimate is at 35.30-35.60 baht per dollar. Important factors to follow include signals of foreign capit
al. The direction of gold prices in the world market and China’s 4Q23 GDP data announcement

Krung Thai Bank Indicates that the baht is fluctuating and is somewhat weaker than estimated. and there is a risk of fluctuation and depreciation Mainly from external factors After market players relaxed their concerns over the Bank of Thailand’s tendency to reduce interest rates. The baht is at risk of fluctuating and depreciating to the level of 36 baht per dollar. If it breaks through the important resistance level of 35.50 baht per dollar. Therefore, it is recommended that import-export operators You should use a variety of hedging tools, such as choosing to transact in local currency.

with the baht depreciating causing the cost of importing raw materials to increase Therefore, the price of Thai gold today has not changed from yesterday. Although gold contracts on the world market The New York market closed sharply this morning. Gold bars in Thailand sold for 34,100 baht per baht, gold jewelry sold for 34,600 bah
t per baht.

Source: Thai News Agency

Bangkok, The Federation of Thai Industries (F.T.I.) assesses industry trends in 2024 with opportunities for growth. We must accelerate exports and tourism. But worried about the world political situation Russo-Ukrainian War Red Sea situation Climate change that will affect the Thai industrial sector

Mr. Montree Mahaprukphong, Vice President of the Federation of Thai Industries (F.T.I.), said that F.T.I. surveyed the opinions of the presidents of 46 industrial groups and the presidents of the five industrial federation regions to present views on industry trends. Both branches and by region Including reflecting opinions on supporting factors and worrying factors that are expected to affect the industry in 2024. Results of the assessment of trends in 46 industry groups and 5 regions in 2024 found that trends in 46 industry groups Industry groups expected will expand better, with a total of 22 industrial groups As for the industrial groups that are expected to be stable, there are a total of 11 industry groups
. and industrial groups that are expected There will be a total of 13 industrial groups shrinking. Most of the industries are in the group that tends to expand better than last year.

For industrial trends in 5 regions, industry in the eastern region is expected to expand. industrial sector in the northern region The northeastern and southern regions are expected to be stable. Meanwhile, the industry in the central region is expected to shrink.

There are factors supporting the industrial sector as follows:

1. Benefit from increased demand for goods and services from economic stimulus measures and expansion of the tourism sector.

2. The goal of achieving a free trade agreement (FTA) by 2024, such as Thailand-Sri Lanka, Thailand-European Free Trade Association (EFTA), and Thailand-United Arab Emirates (UAE), including accelerating negotiations. FTA Thailand-EU (EU) and Thailand-Arab Gulf Cooperation Council (GCC) countries must be completed as soon as possible. It will greatly increase the handicap for Thai
entrepreneurs.

3. Low volatility in the value of the baht and there are appropriate rates for both exporters/importers

4. The trend of product orders from important trading partners such as the United States, Europe, and China is increasing, including potential markets such as the Arab Gulf GCC.

5. Entrepreneurs have invested more in using renewable energy. Because there are cheaper prices, especially solar cells. To reduce electricity costs

6. The direction of raw material prices has decreased as the shortage problem has been resolved. and have access to new sources of substitute raw materials

Factors of concern include:

1. The direction of electricity prices increasing due to high electricity production costs and debt problems of Electricity Generating Authority of Thailand (EGAT)

2. Problems of geopolitical conflict and war in Russia-Ukraine, Israel-Hamas. Protracted, increasing the impact on world energy prices.

3. Raising the minimum wage at an excessively high rate Affecting production costs

4.
Financial costs remain high due to increased interest rates on loans. and strictness in lending

5. Impact of low-quality products entering the market for customers in ASEAN. Affecting Thai border trade with neighboring countries

6. Problems with non-tariff trade protection measures (NTM/NTB), such as the EU’s pre-cross-border carbon price adjustment measure (CBAM).

Mr. Kriengkrai Thiannukul, Chairman of the Federation of Thai Industries (F.T.I.), added that The Thai industrial sector in 2024 is still likely to expand better from a low base effect. Because last year many industries, especially production for export, faced the problem of the economy of trading partners slowing down. In 2024, the driving force of the Thai economy has the opportunity to grow from supporting factors in both the merchandise export sector that will return. Can expand Private investment will recover accordingly. The tourism sector will continue to expand through visa-free measures. and government economic stimulus measures Attract
ing foreign investment Including the use of benefits from new FTAs ??from the goal of achieving FTAs ??by 2024, such as Thailand-Sri Lanka, Thailand-EFTA and Thailand-UAE, etc., which will help increase Thailand’s competitiveness in exporting goods. more

However, one must watch out for the impact of climate change problems, which increase the risk of natural disasters. These challenges The Thai industrial sector must watch closely. Currently it is the dry season. El Niño conditions may affect agricultural production.

For 2024, F.T.I. continues to focus on increasing the country’s competitiveness as an important goal under the F.T.I. proposal, including improving laws to facilitate business operations. Accelerating FTA negotiations such as Thailand-EU and Thailand-GCC, promoting investment and upgrading target industries. Promoting and upgrading SME entrepreneurs, including moving towards the Sustainable Development Goals (SDG) and net zero greenhouse gas emissions (Net Zero) to strengthen the foundation for
driving the Thai economy going forward.

Mr. Udon Kongkhakhet, Chairman of the Subcommittee on Logistics and Supply Chain, said that The world economy is still volatile due to geopolitical conflicts. (Geopolitics) and the war that occurred Including the world political situation Especially important national elections that will be held this year. In addition, the US-China trade war which is still protracted and may become more severe In addition to the Russian-Ukrainian war that is still dragging on, We still need to monitor the situation in the Red Sea. In the case of the Houthis in Yemen attacking commercial shipping ships passing through the Red Sea. It affects the transportation of goods, especially between Asia and Europe. This may cause the shipping time by boat to be longer. Freight rates may increase. Energy costs may increase. as well as the impact on the supply chain of important products. The Thai industrial sector must keep a close eye on this.

Source: Thai News Agency