Thailand boasts over 35,000 enterprises directly influencing or benefiting from the space economy. These contribute an aggregated economic worth of approximately 56 billion baht annually, states KMITL’s rector, Associate Professor Komsan Maleesee. The proposition of a regional space hub kindles the prospect of novel career possibilities in a vast array of professions. Along with showcasing exhilarating career prospects, a regional hub would enable local authorities to deploy space technology for disaster prediction and monitoring. This would facilitate the tracking of natural calamities like floods and droughts, PM2.5 air pollution, forest fires, and climate change repercussions, thereby promoting public safety. International space organizations have conducted extensive research and chosen Chumphon province as a promising location for this groundbreaking project. Its proximity to the Equator makes it an ideal spot for a spaceport erection. With the establishment of the new space hub, Thailand joins the elite association of top-notch launch facility hosts,…
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The reins of the committee are firmly gripped by the premier, who will exercise his dual role of both leader and finance minister, as revealed by Julapun Amornvivat, the dynamic Deputy Finance Minister. On the 11th of September, an unwavering policy declaration was issued to Parliament by the gallant Pheu Thai-led coalition. They voiced their pledge that the grand handout of a 10,000 baht digital wallet is well-intentioned. It was presented as an apostle of financial prudence and won’t be a menace to the country’s public debt. The funding for the project comes from the vast coffers of the budgetary framework, promising robust financial backing at least in the initial phase. The narrative on the allocation process, as well as the all-important timeline, are subtle elements that are yet to be divulged. Srettha, in his inaugural visit to the hallways of the Finance Ministry, is slated for this Thursday, where…
In the lead-up to the general election of May 14, Pheu Thai, a key political entity, made bold promises to its constituents; one of which was to democratize the monumentally crucial 2017 charter. Fast-forward to the inaugural cabinet meeting, and Phumthum finds himself bestowed with the colossal task of steering the constitutional amendment enterprise. His preliminary objective is two-fold; constituting an effective committee and conducting an exhaustive examination of the subject. Prime Minister Srettha Thavisin, during a press gathering, unveiled his government’s intentions to include Parliament in this monumental amendment endeavor. This consists of defining the nuances of the impending referendum. Asserting an inclusive approach, Srettha expressed his wish to cast the net wider, inviting all sectors, yes, even the public, to wield their influence in contriving the forthcoming “democratic” matrix. In its policy proclamation to Parliament on Monday, the reigning government also highlighted the Articles primed for potential amendment…
On Wednesday, it was reported by the EEC’s Secretary-General, Mr. Jula Sukmanop, that an upcoming amendment would make it easier for Asia Era One Co Ltd to kickstart their work. The company that holds the concession for the high-speed railway from Don Mueang to Suvarnabhumi to U-Tapao is still in the preparatory stages, finalizing investment privileges with the Board of Investment. As Mr. Sukmanop explained, due to the ongoing preliminary procedures, physical construction on the project hasn’t begun yet. The EEC office projected that this would push the railway’s completion to a year later than originally expected. According to the proposed timeline, construction will span over a period of four years, meaning if it were to commence in the coming year, the anticipated start date of the high-speed railway’s operations would shift from 2027 to 2028. Separately, Mr. Sukmanop unveiled some exciting news pertaining to the EEC’s growth strategy. Recently,…
Dwindling taxes on diesel fuel, clocking at 15 billion baht, does little to offset the spectacularly steel-like surpluses expected to be churned out of various governmental moieties. This excess ranges from an impressive 60 to 70 billion baht. The financial engine of our robust economy isn’t willing to slow down. The fiscal fortification is buoyed by economic growth, which has seen a surge due to elements such as the auspicious return of foreign tourists and the healthy vitality of domestic consumption. These driving forces have enabled revenue streams to surge beyond prior projections. A specific manoeuvre aimed at cementing this fiscal progress is the strategic reduction of the excise tax on diesel fuel by a significant 2.50 baht per litre. This decision, effective from September 20th and spanning until the year-end, will inevitably generate a loss of 15 billion baht. However, the Finance Ministry has astutely operationalised this loss over…
Thailand’s Ministry of Public Health is taking a progressive leap forward with the announcement of plans to strengthen universal healthcare. Primarily geared towards improving accessibility and services to the underprivileged urban population, the idea was presented at Udon Thani’s academic conference. Addressing the need for such upgrades, Dr. Opas Kankawinpong, the ministry’s permanent secretary, emphasized that although the universal healthcare scheme has functioned smoothly for over 21 years, there is a pressing necessity for augmentation to cater to evolving lifestyles. In the historical context, the ministry’s vulnerable or fragile groups mainly comprised individuals residing in remote areas due to their limited access to basic healthcare. Today’s economic contexts have extended this category to include less fortunate individuals dwelling in bustling urban landscapes such as Bangkok, Pattaya, Chiang Mai, and Nakhon Ratchasima. The struggles faced by this group in procuring medical treatments under the existing health infrastructure is a fundamental issue…
In a recent revelation, three health enhancing products have been flagged by the US Food and Drug Administration (FDA). Their licences have been rescinded already, yet these products continue making exaggerated promises on varying e-marketplaces. The brash claims range from controlling blood sugar levels to weight loss and even suppressing hunger. All this, while their licenses stand withdrawn. The FDA unveiled findings from their ongoing vigil on health supplement advertisements across various digital marketplaces. At the crux of their investigation emerged three main culprits: Firstly, Mix Oil Oriji, manufactured under the Veeric brand, showcased as a food supplement product with an expired food registration number. As documented by KhaoSod, this product boasts of controlling sugar and cholesterol levels, battling free radicals, mitigating ageing symptoms, and nourishing different parts of the body. In addition, the product briefly toys with the idea of helping develop healthier sleep patterns. The next under indictment…
Get ready to traverse a fascinating journey into the realm of sustainability in the cultural heartbeat of Bangkok city, at Khlong Toei District: SX 2023. Brace yourself for a thrilling exploration into the not-too-distant future world where sustainability is at its helm, with the resplendent Sustainability Expo 2023 (SX 2023). The grand event is scheduled to take place at the illustrious Queen Sirikit National Convention Center (QSNCC) from the 29th of September to the 8th of October. The eloquent director of SX 2023, Tongjai Thanachanan, presented a comprehensive outline of the event’s fourth annual succession to the media. He introduced the philosophic underpinnings of the gathering: translation being ‘Good Balance with a Better World’. The Expo’s objective is to illuminate emerging sustainability trends and cutting-edge practices. It is an homage to His Majesty King Maha Vajiralongkorn Phra Vajiraklaochaoyuhua for his relentless devotion to royal initiatives targeted at uplifting the social…
Ever imagined sailing across Bangkok on the MRT Purple Line or the State Railway of Thailand (SRT) Red Line without having to worry about an ever-fluctuating ticket price? As Thailand ushers in the New Year, that wish may just come true. Transport Minister Suriya Jungrungreangkit teases a thrilling “New Year’s present”—a 20-baht flat fare, slated for trial in the next upcoming three months. The plan was unveiled in parliament following queries around the viability of such a fixed 20-baht rate. Thanks to Surachate Praweenwongwut, a conscientious opposition MP from the Move Forward Party, the flat-fare consideration became a talking point during the government’s policy announcement’s second day. Firmly sticking to his guns, Minister Suriya highlighted the flat-rate system’s potential to pool and instigate fairness, primarily in favor of lower-income individuals and families striving to make ends meet. However, he maintains that the legislature currently lacks a solid direction regarding transport…
Thailand’s Tourism Authority (TAT), together with the Small and Medium Enterprise Development Bank of Thailand (SME D Bank) and the Electronic Transactions Development Agency (ETDA), are championing a brave new approach to tourism. Their strategy, based on innovative technologies, aims to drive sustainable business growth within the sector, under the banner of the “Tourism Entrepreneurship Potential Development on Travel Products and Services in the Digital Age Project”, henceforth referred to as “Enhancing Thailand Tourism 2023”. With the organisational expertise of ARIP Public Company, a leading name in ICT/Business media, this initiative marks a significant step forward. “Enhancing Thailand Tourism 2023” is devised as a catalyst, inspiring and aiding travel business owners to tap into the potential of technological advances and innovation. This objective aligns perfectly with their mission – to prepare businesses to face the digital era’s unforeseen changes and challenges head-on. By harnessing technology to refine their services, and…