Category: The Bangkok Post

Foreign Minister Sihasak Phuangketkeow on Monday reaffirmed Thailand’s commitment to peace and diplomacy following his return from the United Nations General Assembly (UNGA) where he harshly responded to Cambodia’s claims about the Thai-Cambodia conflict.

He emphasised that Thailand remains open to dialogue to ease border tensions, and its position has been made clear. But he said that peace could not be achieved if it was one-sided and lacking in sincerity from Cambodia.

“We aren’t closing the door. But as I say, there are two choices — either sliding further into the conflict and losses or committing to dialogue that leads to peace and safety,” he said.

Mr Sihasak said that Thailand and Cambodia are neighbours, so they should use bilateral mechanisms to resolve the border issues without the need to bring the matter to international attention.

However, if the issue is brought up on the international stage, distorting facts is not conducive to efforts to resolve the conflict, he added.

Speaking at the UNGA’s 80th session in New York on Saturday local time, Mr Sihasak said that Cambodia continued to lie, act provocatively, violate the ceasefire agreement with Thailand and play the victim.

His remarks were in response to Cambodian Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation Prak Sokhonn, who alleged Cambodian civilians had been evicted from land they had lived on for decades and that an unprovoked attack had occurred near a sensitive site.

The Cambodian minister appeared to be referring to Thailand’s attempts to reclaim part of Ban Nong Chan village in Khok Sung district of Sa Kaeo province from Cambodian refugees who remained after fleeing the civil war in the 1970s.

Mr Sihasak said he believed his remarks in New York would help the international community better understand the Thai-Cambodian situation after Cambodia presented one-sided information. He added that he had to clarify Thailand’s stance because Cambodia’s statements contradicted what had been agreed in the talks.

Asked about Thailand’s next steps following his speech, Mr Sihasak said on Monday he will discuss the matter with Prime Minister and Interior Minister Anutin Charnvirakul and security agencies.

He admitted he is concerned about the situation, saying Thailand and Cambodia had not held further talks.

NEX Point Public Company Limited (NEX) hosted a Company Visit for a group of VI to showcase the company’s capabilities and outlook in the fast-growing commercial electric vehicle (EV) industry, which continues to attract strong interest in Thailand’s capital market.

Executives Highlight Readiness for Electric Bus Tender

Senior executives, led by Mr Thanapat Suksuthamwong, CEO of NEX, and Mr Ekapol Sakulpolphaisan, CFO of NEX, together with Mr Chatrapon Sripratum, CEO of EA as the parent company, provided detailed insights and answered investors’ questions.

The discussion focused on the upcoming TOR for the government’s electric bus tender, which investors expressed particular interest in. Management emphasised that the entire process will depend on the outcome of the public hearing and the official tender procedures. At the same time, NEX reaffirmed its readiness across all dimensions-skilled personnel, advanced technology, and production capacity through Absolute Assembly (AAB), which can support the assembly of over 9,000 electric buses annually.

NEX Autopro Impresses Investors

As part of the visit, investors toured NEX Autopro, the company’s central Service and Maintenance hub for commercial EVs. Investors expressed strong appreciation for the comprehensive infrastructure and after-sales services, recognising them as a key differentiator in driving EV adoption in Thailand.

Moving Toward Total Green Logistics Solutions

Mr Thanapat Suksuthamwong, CEO of NEX, remarked: ‘NEX does not see itself merely as a distributor of commercial EVs. We are a provider of Total Green Logistics Solutions, delivering end-to-end services through our NEX Autopro centre, with strong support from EA. This integrated approach positions us to elevate Thailand’s transportation industry to higher sustainable standards.’

Thai League 1 champions Buriram United take on South Korea’s FC Seoul in an AFC Champions League Elite away game on Tuesday.

FC Seoul drew their opener 1-1 with Japan’s Machida Zelvia while Buriram United came from behind to defeat Malaysian Johor Darul Ta’zim 2-1.

The South Korean club will not only have the home ground advantage but will also be backed by an unbeaten record against the Thunder Castle.

Buriram coach Osmar Loss told a news conference on Monday: “In the AFC Champions League Elite, every game is tough, and we have to play as an away team. We confirm that our target is to pick up at least a point from this game.”

Rabbits tame Port

Surachat Sareepim had a double as BG Pathum United defeated Port 2-0 in a Thai League 1 encounter at home on Sunday night.

Port wasted a big opportunity in the 33rd minute when Warit Choothong committed a foul on Brayan Perea in the penalty area but the Colombian forward’s strike from the spot was stopped by Pathum goalkeeper Saranon Anuin.

The Rabbits got their first goal in the 45+2 minute when Surachat Sareepim’s header sailed into the net. Surachat then beat an offside trap shortly after the break to make it 2-0 for the hosts.

In other games, hosts Ratchaburi lost 1-0 to Bangkok United and Nakhon Ratchasima were held 1-1 at home by Muang Thong United.

A climate change bill is key if Thailand is to achieve its commitment to greenhouse gas reductions and become a regional hub for carbon credits, according to the new Minister of Natural Resources and Environment.

Suchart Chomklin made the remarks during his speech at the 4th Thailand Climate Action Conference at Queen Sirikit National Convention Center over the weekend.

He said the Anutin Charnvirakul government is focused on climate change policies that align with the Paris Agreement to limit global warming.

He said that the increase in global temperature has been over 1.75 degrees Celsius (°C), well over the 1.5°C set by the Paris Agreement.

As a result, extreme climate patterns from severe drought and floods have been more frequent.

The government would respond with the adaptation and mitigation plans, including the establishment of an early warning system, he said.

To achieve the global commitment on Net Zero by 2050, the government, he added, this year would submit NDC3.0 (Nationally Determined Contributions) to the United Nations Development Programme.

The paper will focus on the issue of greenhouse gas emissions in five dimensions: energy, transport, industry, waste management and farming. All of these sectors must reduce greenhouse emissions by 40% by 2035.

“The climate change bill is expected to go through parliament this year or early next,” he said, adding that the bill would enhance policy mechanisms, greenhouse gas reduction ambitions, adaptation to climate change and financial mechanisms to support net zero.

Mr Suchart said that a carbon tax, a penalty imposed on polluters, state subsidies, and low interest rates for SMEs could be major financial incentives in reaching the net-zero goal.

The bill would help Thailand become a hub for carbon credits with an investment platform equipped to tackle climate change, he said.

Thailand has ample potential to become a cryptocurrency hub in Asia-Pacific, says Binance, as the world’s largest crypto exchange operator identified three pillars to capitalise on growth in the fast-growing region.

SB Seker, the new head of Asia-Pacific for Binance, said Thailand has a lot of potential to further develop the digital asset space, supported by a clear legal framework, crypto awareness among the population and the macroeconomic point of view.

In terms of legal stability, Thailand is ahead of many countries in Asia-Pacific regarding regulations and framework. He said awareness of crypto is moderately high in the country, though there’s always room for further education.

According to Chainalysis’s latest annual report, Thailand ranked 17th in the 2025 global crypto adoption index and seventh in Asia-Pacific, following some of the world’s most dynamic and populous markets, including India, Pakistan and Bangladesh.

This ranking demonstrates Thailand is a significant player in one of the world’s fastest-growing regions for digital assets, said Mr Seker.

Other factors include greater disposable income and the ability of people to make plans about various assets or treasury options, he said.

“These are the pillars for growth and Thailand has all three,” Mr Seker told the Bangkok Post.

Securities and Exchange Commission data indicated the value of digital assets in Thailand as of August 2025 was nearly 100 billion baht, with daily trading value of roughly 3 billion, rising from 91.3 billion and 1.79 billion, respectively, in 2024.

There were 2.83 million digital asset accounts last month, up from 2.43 million accounts last year.

“Thailand has room for further growth. These improving statistics show us the opportunity is high for Thailand to develop as a digital asset hub within the region,” said Mr Seker.

Thailand is critical for Binance to achieve its ambitious goal of reaching 1 billion users by the end of this year.

“Thailand is critical to us in this region, which is why we have a local presence there,” he said.

“Binance TH is our sole presence in Thailand, and we have a full-fledged team, full-fledged resources and we’ve done this when others haven’t. That indicates how critical talent is to us.”

Appointed Binance’s head of Asia-Pacific at the beginning of this month, Mr Seker is equipped with more than two decades of cross-sector experience spanning public service, traditional finance, fintech and digital assets.

His background prior to joining Binance included Crypto.com Group, Ant Group and the Monetary Authority of Singapore.

Asia-Pacific continues to lead in digital asset innovation and adoption, supported by evolving regulatory frameworks and strong grassroots momentum across the region, he said.

“Asia-Pacific is a really big and critical region, which is experiencing rapid expansion of around 60-70%,” said Mr Seker.

In terms of strategies, he said Binance has laid down three pillars for growth in the region.

First is licensing security, which is important in highly regulated financial services. Secondly, going much deeper in education and providing information to improve customers’ literacy.

Third is product innovation to bring more products, services, simplicity, convenience and safety to Binance users globally.

“Our targets are basically making our brands synonymous with safety, with a deep level of engagement with consumers about what the future is in this space,” noted Mr Seker.

Thailand has recorded 33 cases of the new Covid-19 strain XFG so far this year, most of them in Bangkok, according to the Department of Medical Sciences.

The department said on Tuesday that XFG, also known as Stratus, has become the dominant Covid-19 strain worldwide and case numbers are rising. However, there is no evidence to show that its symptoms are more severe than those caused by other strains.

Thailand recorded its first XFG case in April and as of Sept 24 there were 33 cases, 23 in Bangkok, said Dr Yongyot Thammavudhi, the department’s director-general.

‘Most cases had mild symptoms such as fever, coughing, sore throat, runny noses and headaches. No one had to be admitted to a hospital,’ he said.

From April 1 to Sept 24, the department reviewed 608 Covid-19 cases and XFG constituted only 5.4% of all strains found during the period, Dr Yongyot said.

‘Although the XFG strain has not caused severe symptoms, people should always protect themselves by washing hands frequently and avoiding crowded places,’ he said.

‘If you have irregular symptoms including fever, coughing or breathing difficulties, you should quickly meet a doctor for diagnosis and proper treatment.’

The Department of Disease Control earlier reported that for the year to July 14, Thailand had 589,352 reported cases of Covid-19 and 239 fatalities.

Thailand’s economy remained sluggish in August as private consumption slowed, farm incomes declined, and exports softened due to the impact of US tariffs, according to the Fiscal Policy Office (FPO).

Pornchai Thiraveja, director-general of the FPO, reported on Monday that private consumption in August decelerated compared to the corresponding period last year, particularly in durable goods.

The number of newly registered motorcycles and passenger cars for the period decreased by 1.8% and 0.3% year-on-year, respectively, and also fell compared to the previous month after seasonal adjustments, by 3.0% and 4.8%.

According to Mr Pornchai, real farm income in August declined by 10.8% year-on-year, while the consumer confidence index dropped to 50.1, from 51.7 in the previous month. This reflected the slow pace of economic recovery, high costs of living, and concerns over geopolitical tensions.

Private investment remained stable compared to the same period last year. Private investment in machinery and equipment, as reflected by capital goods imports, rose by 23.6% year-on-year in August and edged up 0.1% month-on-month after seasonal adjustments.

Meanwhile, the number of newly registered commercial vehicles in August dropped by 10.5% year-on-year and fell by 8.5% month-on-month after seasonal adjustments.

Private investment in the construction category, as reflected by domestic cement sales, declined by 8.0% year-on-year and 1.0% month-on-month after seasonal adjustments.

Exports in August continued to expand compared to the same period last year, with the total export value in US dollar terms standing at US$27.7 billion, up 5.8% year-on-year, marking the 14th consecutive month of growth.

Exports excluding oil and related products, gold, and military goods rose by 5.4%.

Nevertheless, export growth was found to have decelerated following the US imposition of reciprocal tariffs, Mr Pornchai said.

In August, 2.58 million foreign tourists visited Thailand, down by 12.8% from the same period last year. However, domestic tourism increased, with 22.4 million Thai tourists travelling within the country, up 6.4% year-on-year.

For the industrial sector, the Thai Industries Sentiment Index in August declined slightly to 86.4, from 86.6 in the previous month, pressured by the border conflict, flooding problems, and uncertainty regarding the US tariffs. Meanwhile, Thailand’s Purchasing Managers’ Index rose to 52.7, from 51.9 in the previous month, supported by an uptick in new orders.

Overall, Mr Pornchai said Thailand’s economic stability remained sound, as reflected by headline inflation in August which stood at -0.79%, and core inflation at 0.81%. Public debt at the end of July was 64.5% of GDP, still within the fiscal discipline framework under the State Financial and Fiscal Discipline Act.

External stability also remained strong, and capable of withstanding risks from global economic volatility, as reflected by international reserves, which stood at a high level of $267.4 billion at the end of August.

Typhoon Bualoi has unleashed widespread flooding across the country, with Ayutthaya, Phimai in Nakhon Ratchasima, and Sa Kaeo among the hardest hit.

The Chao Phraya barrage in Chai Nat has increased its discharge rate from 2,100 to 2,200 cubic metres per second to cope with rising inflows caused by the typhoon.

The surge has led to heavy flooding in 11 districts of downstream Ayutthaya, affecting 38,132 households, two mosques, 20 schools, 25 temples, and 165 rai of farmland. Water levels in tributaries and canals have risen by an average of 5cm.

Local ferry services along the Chao Phraya River, especially near Wat Khun Phrom and Ko Muang, remain operational but face strong currents and high water levels. Authorities have posted warnings urging boat operators and passengers to exercise caution. Impact zones in Ayutthaya were located in 134 tambons and 758 villages, with flooding reported in 34 community roads and eight government buildings. Agricultural damage includes rice paddies, fruit crops, and perennial trees.

In Phimai district of Nakhon Ratchasima, heavy rainfall inundated many areas of the district for the third time this season. Kindergarten classes at Kulno School were suspended, while grades 4-6 continue in-person study due to ongoing exams.

Phimai New Town Market is under 20-30cm of water, forcing vendors to wade through floodwaters or temporarily close shops. The Phimai Historical Park has also suspended tourist access due to flooding around the ancient Khmer temple.

In Sa Kaeo, at 1am, flash floods from Pang Sida National Park swept through Khlong Buri village, catching residents off guard. Villagers were rescued by local officials using tractors, leaving behind damaged belongings. The village, located near the park and downstream of Khlong Phra Prong Reservoir, was overwhelmed by rapid runoff that could not drain off in time. No casualties were reported.

Meanwhile, the Thai Meteorological Department (TMD) issued a weather update on Monday for Typhoon Bualoi, which has reportedly weakened over Laos.

The department confirmed that the typhoon made landfall in Quang Binh, northern Vietnam, and weakened into a strong tropical storm. As of 4am on Monday, its centre was located 50km east of Xieng Khouang, Laos, with maximum winds of 111 km/h, moving west-northwest at 20 km/h. It is expected to weaken further into a depression and then a low-pressure system.

The TMD also forecast heavy to very heavy rainfall in the lower North, upper Central, Northeast, East, and western South with the risk of flash floods, runoff, and riverbank overflow, especially in foothill areas and flood-prone zones. Strong winds are expected in the upper Andaman Sea and Gulf of Thailand, with wave heights of two to three metres, or higher during thunderstorms.

The Mass Rapid Transit Authority of Thailand says it plans to fill the sinkhole on Samsen Road in Dusit district of Bangkok and reopen the road for traffic by Oct 9.

Sand was being dumped into the sinkhole to prepare for the quick reconstruction of the Samsen road surface, MRTA deputy governor Kitti Akewanlop said on Tuesday.

The job will require 7,000 to 8,000 cubic metres of sand and workers can dump about 2,000 cubic metres a day, he said. On Tuesday the sinkhole was about 10 metres deep from the original road surface.

‘The road surface will be rebuilt on Oct 8 and two lanes will reopen on Oct 9 as planned,’ Mr Kitti said.

He also said that the adjacent Samsen police station building did not shift after the collapse as earlier feared, and officials concerned had confirmed its safety.

Apart from the police station, the sinkhole stood next to Vajira Hospital. Patients and relatives have been advised to take public transport for now. Hospital executives say that 7,000 to 8,000 patients and relatives visit the hospital every day.

The sinkhole was 30 metres wide, 30 metres long and 20 metres deep when it formed suddenly on Samsen Road on the morning of Sept 24. The MRTA initially blamed it on soil sliding into a tunnel and underground station of its Purple Line extension route.

The contractor for the section in question is the CKST joint venture, made up of SET-listed Ch. Karnchang Plc and Stecon Group Plc. The family of Prime Minister Anutin Charnvirakul are major shareholders in the latter.

Shopee, Lazada and TikTok Shop have all raised their sales transaction fees and introduced additional service charges, leading to higher costs for merchants.

This trend signals the platforms’ drive to increase profitability, while also reflecting their dominant market power by placing a greater financial burden on sellers.

Moreover, TikTok Shop has for the first time expanded its “Pay later” financial service to encompass a broader range of users after piloting a trial among a small number of users late last year.

TikTok Shop’s rivals, Shopee and Lazada, have long been operating this kind of service.

Industry analysts warn that these platforms are no longer just marketplaces — they now control payment systems, logistics, advertising, financial services, and insurance, all powered by behavioural data from over 30 million users.

On Sept 15 this year, Shopee increased its sales transaction fee by another 0.6-1 percentage point, depending on the category, along with a new “Platform Infrastructure Fee” of 1 baht per order.

On Sept 28, Lazada raised its seller fees by 2 percentage points for both regular sellers and LazMall merchants.

Effective as of Oct 1 this year, TikTok Shop said it would be adjusting its platform fees as part of a broader investment strategy “to maintain a safe, sustainable, and inclusive ecosystem”. The new fees are a Commerce Growth Fee of 5.35% for electronics and 6.42% for other categories, capped at a maximum of 199 baht per unit (including VAT), and an Infrastructure Fee of 1.07 baht, which will be waived for sellers with fewer than 100 monthly orders.

In a statement, TikTok Shop said: “We continue to be committed to enabling businesses of all sizes. In 2025 alone, in Thailand, TikTok Shop is investing over US$2 million [64.7 million baht] to promote Thai companies. We recently launched a TikTok Shop E-commerce Curriculum for entrepreneurs in partnership with the Ministry of Digital Economy and Society.”

Pawoot Pongvitayapanu, honorary president of the Thai e-Commerce Association, said Thailand’s digital economy faces growing concerns over the dominance of e-commerce platforms, which are rapidly evolving into commercial infrastructure giants.

By leveraging customer data — such as purchase habits, payment patterns, and delivery preferences — platforms are building powerful engines for personalised promotions, upselling, and cross-industry expansion.

This poses significant risks to five key sectors.

Regarding banking and finance, the platforms compete by offering lending and instalments such as “buy now, pay later” services during the payment process, using real-time payment data to assess creditworthiness, which is often more accurate than traditional credit bureaus.

Their proprietary e-wallets also divert transaction fees away from banks, while those financial institutions lose access to stock-keeping unit-level data, weakening their ability to offer competitive pre-approved loans.

Retailers and brands are increasingly dependent on platforms for visibility, often paying for promotion in a “pay-to-play” model.

Platforms have also launched their own private-label products based on top-selling items, undercutting suppliers. Loyalty tools such as coupons and points keep customers within the platform ecosystem.

For logistics and warehousing, the e-commerce platforms are building their own delivery networks and fulfilment centres, setting service levels and pricing.

With access to end-to-end route and cost data, they can optimise operations beyond the reach of traditional logistics providers.

When it comes to the media and advertising sector, their budgets are shifting towards platform ecosystems, where closed-loop attribution links ads directly to sales.

The platforms’ first-party data enables precise retargeting and personalised promotions, reducing reliance on traditional media.

The platforms offer insurance services, covering parcels and accidents.

Their future expansion could reach travel, health, education, telecom, and utilities — any service that can be embedded at the checkout and supported by user data.

Mr Pawoot explained how platforms tighten their grip by use of a data flywheel, as more sales generate more data, enabling better recommendations and higher conversion rates.

They can have a cross-sell engine by using points and coupons that link products with financial, insurance, and logistics services.

Mr Pawoot suggests businesses collect first-party data via customer relationship management and owned channels (such as the web, apps, and Line) while using marketplaces to acquire new customers, then convert them into brand members.

The businesses should partner with banks and insurtechs to embed financial and insurance services.

They should collaborate on logistics to negotiate better service levels and pricing. Mr Pawoot urged the government to step in and ensure fair competition. Without intervention, monopolistic platforms could expand unchecked, threatening the survival of traditional businesses across multiple sectors.

“Marketplace platforms are no longer just selling products — they’re becoming the backbone of Thailand’s commercial infrastructure,” Mr Pawoot said. “If businesses don’t act now to reclaim data and embed their own services, they risk losing margins, bargaining power, and loyal customers.”