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Prime Minister Paetongtarn Shinawatra Declares 13.9 Billion Baht in Assets

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Overview of Prime Minister Paetongtarn’s Wealth Declaration

Thailand’s Prime Minister Paetongtarn “Ung Ing” Shinawatra and her husband, Pitaka Suksawat, have officially declared a combined wealth of 13.9 billion baht (approximately $400 million), as revealed by the National Anti-Corruption Commission (NACC). This declaration includes significant assets such as properties in London and land plots in Japan.

Details of the Asset Declaration

Breakdown of Assets and Liabilities

According to the NACC, Ms. Paetongtarn’s assets are valued at 13.84 billion baht, while Mr. Pitaka holds assets worth 141.11 million baht. The couple has reported total debts of approximately 4.44 billion baht, with Ms. Paetongtarn responsible for 4.43 billion baht of that amount.

Income and Expenditure Report

The Prime Minister reported an annual income of 265 million baht, which includes a salary of 3.4 million baht, dividends totaling 259.26 million baht, interest income of 2 million baht, and rental income of 890,000 baht. Her annual expenses are recorded at 57.72 million baht, primarily for personal and household costs.

Asset Highlights

Cash, Deposits, and Investments

Among her assets, Ms. Paetongtarn holds:

  • Cash amounting to 7.27 million baht
  • Deposits totaling 1.08 billion baht
  • Investments valued at 11 billion baht
  • Land plots worth approximately 724.92 million baht
  • Properties estimated at 168.61 million baht

Luxury Items and Vehicles

The Prime Minister’s wealth also includes a substantial collection of luxury items:

  • A fleet of 23 vehicles, including a Bentley valued at 10.6 million baht and a Rolls-Royce Phantom worth 6.7 million baht
  • 75 luxury watches estimated at 162 million baht
  • 217 luxury handbags valued at around 76.65 million baht
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Family Background and Influence

Legacy of the Shinawatra Family

Ms. Paetongtarn is the youngest daughter of former Prime Minister Thaksin Shinawatra, who has a net worth of approximately $2.1 billion, making him one of Thailand’s wealthiest individuals. Thaksin’s wealth primarily stems from his telecommunications empire, which played a significant role in his political career.

Impact on Thai Politics

The Shinawatra family’s financial influence has been a topic of discussion in Thai politics, especially regarding the relationship between wealth and political power in the country.

A New Chapter in Thai Leadership

Prime Minister Paetongtarn Shinawatra’s declaration of her substantial assets reflects both her family’s legacy and her position as one of Thailand’s wealthiest leaders. As she navigates her role as Prime Minister, the implications of her financial background will likely continue to shape public perception and political dynamics within Thailand.

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Bangkok’s Cultural Exchange: Bogyoke Market Hosts Thai Trade Fair

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The historic Bogyoke Aung San Market in Yangon is set to host a unique Bangkok Trade Fair from February 13-16, 2025, bringing a taste of Thai culture and commerce to Myanmar’s bustling bazaar.

Cultural Fusion at Bogyoke Market

Thai-Myanmar Commerce Bridge

This four-day event will transform the colonial-era market into a vibrant showcase of Thai products, craftsmanship, and culinary delights. Visitors can expect a diverse array of goods, from textiles and handicrafts to contemporary Thai fashion and accessories.

Timing and Tourism Impact

Dry Season Advantage for Visitors

The fair’s timing coincides with Myanmar’s dry season, offering pleasant weather conditions for both local and international visitors. This period, from November to February, is considered the best time to explore Yangon’s outdoor attractions, including the iconic Bogyoke Market.

Economic and Cultural Significance

Strengthening ASEAN Ties

This event underscores the growing economic ties between Thailand and Myanmar, two key players in the ASEAN region. It also aligns with Thailand’s efforts to promote its “Kitchen of the World” concept and expand its soft power influence globally.

Visitor Experience and Logistics

The Bogyoke Market, typically open from 9:00 am to 5:00 pm, Tuesday through Sunday, may extend its hours to accommodate the fair. Visitors are advised to arrive early to fully experience the blend of Thai offerings and the market’s traditional charm.

Beyond the Fair: Exploring Yangon

Complementary Attractions

While in Yangon, visitors can complement their fair experience with other attractions, such as the innovative Mingalar Bus Tour, offering a comprehensive view of the city’s landmarks. This open-top bus service provides a unique perspective on Yangon’s rich cultural heritage

See also  State agency wants Thailand to have more free trade agreements to compete with ASEAN
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Cool Breeze Sweeps Thailand: Bangkok Experiences Light Showers

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Thailand is currently experiencing an unusual cool spell, with Bangkok seeing isolated light rain. This weather pattern is expected to continue for the coming weeks, offering a refreshing break from the typical tropical heat.

Northern Chill

Mountain Frost Alert

The northern regions of Thailand are experiencing particularly cool temperatures, with some areas seeing lows between 8 and 9 degrees Celsius. Mountainous regions have recorded temperatures as low as 2 degrees Celsius, prompting warnings of possible frost on mountaintops.

Bangkok’s Mild Weather

Light Rain and Cool Mornings

Bangkok residents are enjoying a pleasant respite from the usual heat. The capital is experiencing cool mornings with temperatures ranging from 19 to 21 degrees Celsius. Isolated light rain is expected, adding to the refreshing atmosphere.

Weather Forecast

Extended Cool Period

Meteorologists predict that this cooler weather pattern may persist until mid-February, especially in the northern and northeastern regions. The upcoming summer season is also expected to be milder than usual, attributed to the La Nina phenomenon.

Health and Safety

Precautions for Residents

While many are enjoying the cooler temperatures, authorities are advising residents to take care of their health due to the sudden change in weather. There are also cautions about potential fire hazards caused by dry conditions in some areas.

Impact on Daily Life

Changing Routines

The cool weather has prompted changes in daily routines for many Thai residents. Some are taking advantage of the pleasant mornings for outdoor activities like jogging, while others are adapting by wearing warmer clothing.This unexpected cool spell offers a unique experience for both locals and visitors, showcasing a different side of Thailand’s typically tropical climate.

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Bangkok’s Clean Air Initiative: Transforming Classrooms for a Healthier Future

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The Bangkok Metropolitan Administration (BMA) has committed to upgrading more classrooms to dust-free environments by the end of 2025. This initiative aims to protect students from harmful PM2.5 pollution and improve overall air quality in schools.

Expanding Dust-Free Classrooms

Current Progress and Future Goals

Out of 1,966 classrooms in 437 BMA-run schools, 744 have already been earmarked for upgrades to dust-free status. The remaining classrooms are scheduled to be transformed by the end of the year, ensuring comprehensive coverage across the city’s educational institutions.

Comprehensive Approach to Air Quality

Equipment and Monitoring

Every BMA-run school will be equipped with air conditioners and air purifiers to combat PM2.5 pollution. Additionally, the BMA is working to install air quality monitoring devices in every center this year, allowing for real-time tracking of air quality levels.

Health Department Recommendations

Best Practices for Dust Control

The Department of Health has issued guidelines for schools to maintain clean air environments. These include daily cleaning with damp cloths, sealing windows and doors, and implementing proper ventilation systems. These measures aim to minimize airborne particles and create a healthier learning environment.

Addressing Air Quality Challenges

Current Air Quality Situation

Bangkok continues to face air quality issues, with PM2.5 levels exceeding safe limits in numerous areas. The most affected districts include Bung Kum, Nong Chok, and Lat Krabang, highlighting the urgent need for these classroom upgrades.

Impact on Education

Protecting Students and Ensuring Continuity

The dust-free classroom initiative is crucial for protecting students’ health and preventing class suspensions due to poor air quality. This proactive approach ensures that education can continue uninterrupted, even during periods of high pollution.

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Expanding the Initiative

Nationwide Implementation

Currently, over 2,000 schools and childcare centers across Thailand have established dust-free rooms. This widespread adoption demonstrates the growing recognition of the importance of clean air in educational settings.

By implementing these measures, Bangkok is taking significant steps towards creating a healthier, more conducive learning environment for its students, setting an example for other cities facing similar air quality challenges.

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