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• Foreign Investment in Thailand Hits $3 Billion in 8 Months

  Foreign Investment in Thailand Hits $3 Billion in 8 Months

  The Department of Business Development reported that foreign investment in Thailand amounted to 100.062 billion baht ($ 3 billion) in the first eight months of 2024, with Japan remaining the top investor with 136 companies

  The post Foreign Investment in Thailand Hits $3 Billion in 8 Months appeared first on Khaosod English.

  BANGKOK — The Department of Business Development reported that foreign investment in Thailand amounted to 100.062 billion baht ($ 3 billion) in the first eight months of 2024, with Japan remaining the top investor with 136 companies and investment of 53.176 billion baht ($1.6 billion). Meanwhile, 163 companies were approved in the Eastern Economic Corridor (EEC), accounting for 30 percent of foreign investors this year.

  Ms. Oramon Subthaveetham, Director-General of the Department of Economic Development and Secretary of the Foreign Business Committee, announced on October 1, that 535 foreign companies were allowed to operate in Thailand in the first eight months of 2024 (January to August).

  Of these, 143 foreign business licenses were granted and 392 received certificates for foreign business activities (via investment under the Investment Promotion Acts or under the laws of the Industrial Estate Authority of Thailand or using treaty rights or international agreements).

  

  The total investment amounted to 100.062 billion baht and created 2,505 jobs for the Thai people through companies that obtained foreign business licenses. The top five foreign investors were:

  Japan: 136 companies, accounting for 25 percent of foreign companies in Thailand, with an investment of 53.176 billion baht.

  The investments include:

  • Engineering services, such as design for the automotive industry
  • Advertising services
  • Repair services for grinding stones, cutting knives, saws and tools with diamond components
  • Application services for health promotion
  • Contract manufacturing services (e.g. airbag components, metal forming, vehicle parts)

  Singapore: 82 companies, accounting for 15 percent of foreign companies in Thailand, with an investment of 8.438 billion baht.

  The investments include:

  • Engineering and technical services for the oil and gas industry, such as inspection, testing and certification
  • Advertising services via websites and applications
  • Pipeline installation services for natural gas
  • Software development for opinion polling and data analysis
  • Contract manufacturing services (e.g. machine parts, metal products, light-splitting equipment).

  The United States: 76 companies, accounting for 14 percent of foreign companies, with an investment of 3.589 billion baht.

  The investments include:

  • Engineering services for technical advice, maintenance and repairs of commercial aircraft engines
  • Retail services (e.g. electric scooters, medical equipment, chemicals and pharmaceuticals)
  • Advertising services
  • Business consulting services
  • Contract manufacturing (e.g. steering wheels, drum brakes)

  China: 68 companies, accounting for 13 percent of foreign companies, with an investment of 8.350 billion baht.

  The investments include:

  • Services for related companies or group companies (e.g. leasing of factory space)
  • International trade services, procurement of goods for domestic resale
  • Software development for sales and services (e.g. event management systems, social networking apps for events)
  • Machining services (coil center)
  • Contract manufacturing services (e.g. metal products, printing rollers, plastic films, automatic machines with AI control).

  Hong Kong: 40 companies, representing 7 percent of foreign businesses, with an investment of 12.330 billion baht.

  Investments include:

  • International trade services, procuring goods for domestic resale (e.g., cosmetics industry)
    Consultancy services related to the use and compliance of pharmaceutical and veterinary vaccine products
  • Modern distribution center services
  • Contract manufacturing services (e.g., metal products, electronic parts, Printed Circuit Board Assembly)
  • Application services for auto loan applications and monitoring.

  

  Foreign investment, particularly in the sectors mentioned, has contributed to technology transfer and the transfer of expertise from the investing countries to Thai workers. Examples include knowledge in horizontal drilling for pipelines, biosecurity measures in agricultural operations, operation of leasing platforms and maintenance and repair of medical ultrasound equipment.

  Compared to the same period in 2023, foreign investment in Thailand increased by 101 companies, an increase of 23 percent (535 companies in the January-August 2024 period compared to 434 companies in the January-August 2023 period), with the value of investment increasing by 34.278 billion baht, an increase of 52 percent (100.062 billion baht in the January-August 2024 period compared to 65.784 billion baht in the January-August 2023 period).

  However, employment of Thai workers declined by 1,979 jobs, a decrease of 44 percent (2,505 jobs in January-August 2024 vs. 4,484 jobs in January-August 2023), with Japanese investors remaining the top foreign investors as in previous years.

  Investment in the EEC

  Ms. Oramon explained that in the first eight months of 2024, 163 foreign investors were active in the EEC region, representing 30 percent of all foreign investors that year. This was an increase of 90 percent compared to the same period last year, with 77 more investors (163 companies in January-August 2024 compared to 86 companies in January-August 2023).

  The value of investment in the EEC reached 32.573 billion baht ($994 million), representing 33 percent of total foreign investment and an increase of 128 percent compared to the same period last year (32.573 billion baht in January-August 2024 vs. 14.283 billion baht in January-August 2023).

  Investors came from Japan (53 companies, 11.749 billion baht), China (39 companies, 3.901 billion baht), Hong Kong (15 companies, 5.064 billion baht) and other countries (56 companies, 11.859 billion baht).

  The investments include:

  • Engineering services for design in the automotive industry.
  • Design services for automotive parts (e.g. seat belts, airbags).
  • Repair services for electronic parts.
  • Contract manufacturing (e.g. chemicals for industry, automotive parts, electronic device parts).
  • Software development services for procurement planning and procurement of electronic parts.

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  2 October 02 2024

  Business

  https://www.khaosodenglish.com/?p=1464915261

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• Faulty Equipment, Not Tyre Exploded, Sparked Fatal Thai School Bus Fire

  Faulty Equipment, Not Tyre Exploded, Sparked Fatal Thai School Bus Fire

  Acting Police Chief Pol Gen Kittirat Panpetch said at a press conference Wednesday that investigators found no evidence that a bus tire exploded. Also, they discovered not 10 but 11 NGV tanks installed in the bus - 5 of them without a permit. 

  The post Faulty Equipment, Not Tyre Exploded, Sparked Fatal Thai School Bus Fire appeared first on Khaosod English.

  BANGKOK — Acting Police Chief Pol Gen Kittirat Panpetch said at a press conference Wednesday that investigators found no evidence that a bus tire exploded. Also, they discovered not 10 but 11 NGV tanks installed in the bus – 5 of them without a permit.

  The bus carrying six teachers and 39 students in elementary and junior high school was traveling from Uthai Thani Province for a school trip in Ayutthaya and Nonthaburi provinces on October 1.

  The fire started while the bus was on a highway in Pathum Thani, which is about 260 km away from the school. The fire spread so quickly many were unable to escape. There were 23 fatalities, including 10 students and 3 female teachers. Currently, 2 students and 1 student’s mother are receiving treatment in the hospital.

  Pol Gen Kittirat Panpetch, Acting National Police Chief, summarized the progress of the investigation into the fire on the student field trip bus at noon on October 1. At 7:30 p.m., the driver, Saman Chanput, 38 years old, turned himself in to the police at Wiset Chaichan Police Station in Ang Thong Province. He was then taken for questioning at Khlong Luang Police Station in Pathum Thani Province.

  

  He told investigators he was driving normally until the bus lost balance at its front right tire, hit another car and scraped a concrete highway barrier, causing sparks that ignited the blaze. The driver said he ran to grab a fire extinguisher from another bus that was traveling on the same trip but could not put out the fire, and ran away because he panicked.

  The police have charged him with “reckless or careless driving that may endanger people or property, causing death, causing physical or mental harm to others, and driving in a way that causes damage to others, then failing to stop the vehicle to provide assistance, not identifying himself, and not reporting the incident to authorities, resulting in the death of others.” Initially, the suspect confessed to the charges.

  

  Meanwhile, officials from the Forensic Science Department and the Department of Land Transport have completed inspecting the vehicle. They found that the bus involved in the incident had 11 fuel tanks, but only 6 were properly registered. The remaining tanks were not listed in the registration with the authorities. Other details will need to be thoroughly examined through forensic science for clarity.

  Pol Gen Kittirat said that the preliminary assumption is that the cause was faulty equipment that created sparks, leading to the fire. However, more evidence needs to be collected from the scene, such as tire marks, GPS data, vehicle speed, and various other pieces of evidence to complete the case file.

  

  “If any individuals or companies are found to be involved or complicit in the wrongdoing, the Royal Thai Police will prosecute to the fullest extent,” he said.

  Mr. Eksom Akaraphan, Deputy Director-General of the Department of Land Transport, who joined the press conference, revealed that the vehicle in question was first registered with the department in 1970 and re-registered on October 15, 1998. The process followed the Land Transport Department’s procedures and was certified by an engineer.

  Upon inspection, the emergency door was found to be operational, but this doesn’t necessarily mean it was functional at the time of the incident, as the inspection was conducted after the accident. However, no glass-breaking hammer, which is a safety equipment that should be present in the vehicle, was found.

  Regarding the 5 out of 11 fuel tanks without permits, Eksom said that the matter is still under investigation. Currently, the transport operator’s license has been suspended, the driver’s license has been suspended, and the company’s safety management personnel registration has been revoked.

  On the same day, the Institute of Forensic Medicine at Police General Hospital, in collaboration with the Police Forensic Science Office, completed the identification of all 23 victims. Subsequently, highway police and tourist police led and facilitated the convoy throughout the route to return the bodies to their hometown in Uthai Thani.

  

  Officials stopped to allow families and relatives of the deceased to perform a ceremony to invite the spirits according to their beliefs at the accident site. Monks chanted, and there were heart-wrenching cries of sorrow.

  When the vehicles arrived in Uthai Thani, the governor was waiting to receive and hand over the bodies of the deceased to their families for funeral rites. His Majesty the King and the Queen have taken the deceased under their royal patronage, providing funeral wreaths to be placed in front of the coffins of those who passed away. They have granted special permission for royal cremation ceremonies for the deceased.

  Their Majesties graciously also assigned royal representatives to present flowers and gift baskets to two female students who suffered burns and are receiving treatment at Thammasat University Hospital in Khlong Luang district, Pathum Thani province, and to the injured parent of a student at the Queen Sirikit National Institute of Child Health in Bangkok.

  ______

  Related articles:

  • Tragedy Sparks Reassessment of School Trip Policies in Thailand
  • Thai Police Probe Deadly Bus Fire; Young Students Wipe Tears for Friends
  • Thailand Mourns as School Bus Fire Claims Multiple Young Lives

  The post Faulty Equipment, Not Tyre Exploded, Sparked Fatal Thai School Bus Fire appeared first on Khaosod English.

  2 October 02 2024

  News

  https://www.khaosodenglish.com/?p=1464915253

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• Tragedy Sparks Reassessment of School Trip Policies in Thailand

  Tragedy Sparks Reassessment of School Trip Policies in Thailand

  The tragic Wat Khaophrayasangkaram school bus fire in Lan Sak, Uthai Thani, which claimed the lives of 23 teachers and students, has sparked a public debate about whether school trips should continue.

  The post Tragedy Sparks Reassessment of School Trip Policies in Thailand appeared first on Khaosod English.

  BANGKOK  — The tragic Wat Khaophrayasangkaram school bus fire in Lan Sak, Uthai Thani, which claimed the lives of 23 teachers and students, has sparked a public debate about whether school trips or excursion should continue. In addition to the ongoing police investigation, the incident has raised questions about the necessity and safety of school trips.

  On October 2, Education Minister Pol. Gen. Permpoon Chidchob instructed the Office of the Basic Education Commission (OBEC) to suspend all school field trips. He emphasized that while such activities provide valuable life experiences and learning opportunities outside the classroom, the safety of students during the trip must take priority.

  He pointed out that excursions in the future must be carefully considered, including safety inspections of routes, destinations and means of transportation before the trip. In addition, excursions should take into account the age of participants by separating younger and older children to ensure safety.

  

  Pol. Gen. Permpoon was visibly moved and expressed his deep regret over the incident, as did Prime Minister Paetongtarn Shinawatra, who wept at the news. As a mother of two young children, the Prime Minister emphasized the importance of addressing the mental health needs of the affected families and called on the Ministry of Public Health and the Ministry of Social Development to provide immediate support.

  The Prime Minister said on Wednesday that she has discussed this matter with the Ministry of Transport, and they need to plan together. She emphasized that excursion or field trips are meant to broaden children’s horizons, and they don’t want to address the problem at its end result.

  School trips themselves don’t harm children, but poorly maintained or uninspected vehicles are what cause accidents on the roads. The solution must come from the Transport sector in terms of how they will set rules and frameworks. They will use this opportunity to establish a clearer system, including vehicle inspections before departure, especially for long-distance trips.

  

  At the Parliament, the House of Representatives considered an urgent motion to study approaches, provide opinions, and elevate standards for preventing such a incident. Most of the debate focused on the deficiencies in public safety inspections and the consideration of which student levels should be allowed to go on field trips, based on their ability to take care of themselves in emergency situations

  Meanwhile, the online community is also debating the causes of the tragedy and whether school trips should be canceled altogether. One side argues that such trips carry too many risks, while the other sees them as important learning opportunities, especially for students from disadvantaged backgrounds.

  In the tragic bus fire, 137 students aged 6 to 15 and 15 teachers were on a trip to Wat Phra Si Sanphet in Ayutthaya in three busses. The incident occurred on the way to an exhibition organized by the Provincial Electricity Authority in Nonthaburi. The distance from Uthai Thani to Pathum Thani is 264 km.

  

  Preliminary investigation results show that the bus involved in the incident was registered with a license plate dating back to 1970. Although it has since been modified and looks relatively new from the outside, records also show that the authorities were not notified that it had been adapted to run on CNG, despite this change being noted with the insurance company.

  The Sing Buri Provincial Transport Office provided information that the gas tanks have been in use for 15 years and will expire in 2026. The emergency door was last inspected on May 23, 2024, and was found to be in good condition and functioning normally. At the time of the incident, at 12:07 p.m., the vehicle was traveling at a speed of 81 km/h.

  Key issues under discussion include the appropriateness of taking young children on long-haul journeys and the need for stricter safety measures.

  

  Former Primary Education Commission chairman Ekachai Kisukphan explained that the purpose of field trips is to enhance students’ life experiences, not to take them far away from home.

  He questioned the decision to send young students on a trip across the province, especially during the rainy season, and suggested that the field trips be conducted during regular school hours and not during breaks.

  In conclusion, Ekachai spoke out against the elimination of excursions, but emphasized that younger children should not travel long distances. He recommended limiting field trips for young children to short trips that should take no longer than half an hour by bus and conducting thorough safety checks before each trip. Schools must also have an emergency plan in place to respond to emergencies while traveling.

  He concluded that the Ministry of Education and OBEC should establish clear guidelines for organizing field trips, including taking into account the age of the children and implementing stricter safety protocols.

  _________

  The post Tragedy Sparks Reassessment of School Trip Policies in Thailand appeared first on Khaosod English.

  2 October 02 2024

  News

  https://www.khaosodenglish.com/?p=1464915215

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• What to Know About Iran’s Missile Barrage and Israel’s Ground Operations in Lebanon

  What to Know About Iran’s Missile Barrage and Israel’s Ground Operations in Lebanon

  Iran launched at least 180 missiles at Israel on Tuesday evening, causing scattered damage and fires from falling shrapnel, but Israeli authorities said there were no injuries.

  The post What to Know About Iran’s Missile Barrage and Israel’s Ground Operations in Lebanon appeared first on Khaosod English.

  JERUSALEM (AP) — Iran launched at least 180 missiles at Israel on Tuesday evening, causing scattered damage and fires from falling shrapnel, but Israeli authorities said there were no injuries. An Israeli security official said most of the missiles were intercepted, though some managed to land.

  Israeli officials said Iran would pay a price for the strike.

  The missile attack came after Israel said ground troops crossed into Lebanon in what the military described as a limited operation to root out Hezbollah fighters and infrastructure.

  Hezbollah, meanwhile, said it saw no sign of Israeli forces and that its troops were ready to confront them.

  Israel said its incursion would be focused on the narrow strip of land just across the border. But it also issued evacuation warnings covering a wider swath of Lebanon, raising fears that a large-scale ground invasion was soon to come.

  

  In recent days, a wave of Israeli airstrikes has killed Hezbollah leader Hassan Nasrallah and several of his top commanders, while driving hundreds of thousands of Lebanese from their homes. Israel says a ground operation is now necessary to return tens of thousands of displaced Israelis to their homes in the north, pummeled by continuous rocket fire from Hezbollah since Oct. 8.

  Here’s what we know:

  Why did Iran launch missiles toward Israel?

  Israel’s military said it identified 180 missiles launched from Iran shortly after 7:30 p.m. Sirens blared across the country, and Israelis were ordered to stay in protected areas. An Israeli security official said that in cooperation with the United States, the Israeli Air Force intercepted many of the missiles, though there some direct hits damaging buildings and igniting some fires.

  U.S. and British officials later said approximately 200 missiles had been launched by Iran.

  Iran said the missiles were in response to the killing of Hezbollah leader Hassan Nasrallah and Revolutionary Guard Gen. Abbas Nilforushan, both killed in an Israeli airstrike last week in Beirut. It also mentioned Ismail Haniyeh, a top leader in Hamas who was assassinated in Tehran in a suspected Israeli attack in July. It warned this attack represented only a “first wave,” without elaborating.

  

  In April, Iran launched more than 300 drones, ballistic missiles and cruise missiles at Israel. Most were intercepted outside of Israel. One girl was injured from falling shrapnel.

  Israel vowed to respond, pushing the two archenemies closer toward direct confrontation and the region closer toward a broader war.

  Did Israeli troops enter Lebanon?

  The military says that Israeli troops entered Lebanon late Monday, though it was not clear whether they remained inside or were moving in and out of the country.

  In a surprise announcement, Israel said Tuesday that its ground forces have been operating covertly in Lebanon for the last year, carrying out dozens of small ground operations. Rear Adm. Daniel Hagari, the army’s spokesman, said the current raid is an expansion of these activities.

  The Lebanese army and UNIFIL, a U.N. peacekeeping force stationed in southern Lebanon, have not confirmed that Israeli troops crossed the border, although UNIFIL said it was notified that they were going to.

  How far into Lebanon are Israeli ground troops?

  A military official, speaking on condition of anonymity under briefing guidelines, said Israeli ground troops were “within walking distance” of the border, targeting the small Lebanese villages hundreds of meters (yards) from Israeli territory.

  

  The military says Hezbollah militants remain in the area, despite heavy Israeli bombardment over the past few weeks. It says they are using the areas to launch attacks on Israel and to store weapons.

  Have there been clashes between Hezbollah and Israeli troops?

  There were no signs of ground combat in southern Lebanon, and the Israeli official said there had been no clashes with Hezbollah.

  Meanwhile, cross-border fire continued. Hezbollah said it had targeted groups of soldiers in several Israeli border areas with artillery shelling and rockets. Israel said no soldiers were injured. At the same time, Israeli artillery units pummeled targets in southern Lebanon and the sounds of airstrikes were heard throughout Beirut.

  Hezbollah fired a rare volley of rockets toward central Israel on Tuesday, injuring one man, Israeli paramedics said.

  How extensive is the planned operation?

  Israel has not given a timetable for how long the incursion will last and has declined to specify how far troops will go.

  The military official said that marching to Beirut, as Israel did in its 1982 invasion of Lebanon, is “not on the table.” At the time, the Israeli invasion was also pitched as a limited incursion to push the Palestine Liberation Organization back.

  He added that the operation in its current stages does not mirror Israel’s ground incursions in Gaza, where the military entered cities with heavy manpower, artillery and tanks.

  

  That could change, depending on whether Israel’s government decides to launch a more extensive ground operation. Large numbers of forces, including scores of tanks, have massed along the border in recent days.

  Troops that entered Lebanon are from the 98th division, the military said. The division is responsible for some of the heaviest fighting inside Gaza and includes elite units specializing in attacks behind enemy lines.

  Meanwhile, Israel is expanding its evacuation warnings in southern Lebanon, sending hundreds of thousands of Lebanese fleeing from the south.

  On Tuesday, the Israeli military’s Arabic-language spokesperson asked residents living in villages north of a U.N.-declared buffer zone to flee. Under a U.N. resolution that ended the 2006 war, the zone was supposed to be controlled by a U.N. peacekeeping force and the Lebanese military.

  ___

  The post What to Know About Iran’s Missile Barrage and Israel’s Ground Operations in Lebanon appeared first on Khaosod English.

  2 October 02 2024

  International

  https://www.khaosodenglish.com/?p=1464915197

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• Thai Police Probe Deadly Bus Fire; Young Students Wipe Tears for Friends

  Thai Police Probe Deadly Bus Fire; Young Students Wipe Tears for Friends

  The young students from Khao Phra Ya Sangkharam School who were on a field trip have returned to Uthai Thani province on the evening of Tuesday.

  The post Thai Police Probe Deadly Bus Fire; Young Students Wipe Tears for Friends appeared first on Khaosod English.

  BANGKOK — The young students from Khao Phra Ya Sangkharam School who were on a field trip have returned to Uthai Thani province on the evening of Tuesday. This follows the shocking and tragic accident where 20 students aged 7-15 and 3 teachers lost their lives in a fire that engulfed the second of three buses.

  As the buses passed the accident site, some students were seen wiping tears and waving goodbye to their friends who would never return home, deeply moved by the tragedy. Meanwhile, relatives and families in Uthai Thani were crying, stressed, and worried about the children.

  The fatal bus fire was reportedly caused by a tire explosion which created sparks at 12:08 p.m. on October 1. The presence of gas tanks used as fuel in the bus caused the fire to spread rapidly into the passenger compartment.

  

  Police General Kittirat Panpetch, acting National Police Chief, confirmed that the bus door could be opened, as some teachers and students managed to escape. There were also children who jumped out through the window. It is presumed that the remaining victims were in a state of panic, and with the fire spreading rapidly and intensely, they were unable to escape in time.

  Regarding the driver who fled the scene immediately after the incident, Police General Kittirat stated that it was extremely irresponsible and inhumane behavior, as there were many children on the bus who needed help. Currently, officials are verifying personal information to support the investigation and issue an arrest warrant.

  Later, around 7 p.m., Saman Chanput, a 48-year-old bus driver, turned himself in at Wiset Chai Chan Police Station in Ang Thong Province. Police have taken him into custody and transferred him to Khlong Luang Police Station in Pathum Thani for questioning.

  CCTV footage from the accident site showed that Saman had opened the driver’s side door and run out of the burning vehicle. He then grabbed a fire extinguisher provided by a bystander and attempted to spray it on the burning bus. However, he was unable to control the fire and subsequently fled the scene.

  Pol. Gen. Kittirat said that the investigation will determine if the accident was caused by negligence of the driver or the bus company. If there was no safety equipment, it shows a lack of preparedness for such emergencies. The condition of the bus will also be examined.

  

  The next step is victim identification at the Institute of Forensic Medicine, Police General Hospital. The Forensic Science Commander has been instructed to work with forensic doctors to collect DNA samples from the deceased and coordinate with blood relatives for DNA comparison. This process is expected to be completed within two days, after which the relatives can claim the bodies for funeral rites.

  Suriya Juangroongruangkit, Deputy Prime Minister and Minister of Transport, revealed that for compensation, the Department of Land Transport requires all public buses to have insurance. The deceased will receive 1 million baht each, and the injured will receive 160,000 baht for medical expenses.

  Additional compensation from the Prime Minister’s Office’s Public Disaster Fund will be determined in a committee meeting this week, as urgently requested by Prime Minister Paetongtarn Shinawatra.

  

  Meanwhile, Police Colonel Tawee Sodsong, Minister of Justice, stated that the Ministry of Justice will provide 200,000 baht for each deceased victim and up to 40,000 baht per treatment for the injured.

  According to the Pathum Thani Social Development and Human Security Office, three children are still receiving treatment at Rangsit Medical Center:

  A 7-year-old girl in 2nd grade, on a ventilator
  A 9-year-old girl in 3rd grade, with 10% body burns
  A 14-year-old girl in 9th grade, with 20% body burns

  His Majesty the King will take all those injured and hospitalised under HM’s care, said Deputy Permanent Secretary of the Public Health Ministry Veerawut Imsamran.

  Police Lieutenant General Taweesil Wechwaruttanan, Medical Doctor (SB.8) at Police General Hospital, announced that tomorrow a mental health support team will be available to help relatives and families of the victims recover psychologically.

  The Institute of Forensic Medicine at Police General Hospital confirmed that there will be no charges for returning the bodies to their hometowns, as the Ruamkatanyu Foundation will transport all deceased victims back to their hometowns free of charge to prevent scams.

  _________

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  1 October 01 2024

  News

  https://www.khaosodenglish.com/?p=1464915181

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