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Thai Chamber of Commerce Urges Neutral Trade Stance Amid Economic Concerns

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TCC Warns of Potential Economic Losses Due to Trump’s Trade Policies

The Thai Chamber of Commerce (TCC) has advised Thailand to maintain a neutral stance in global trade, cautioning that the trade policies of US President-elect Donald Trump could lead to significant economic repercussions for the country. TCC president Sanan Angubolkul indicated that these policies might result in a potential loss of 160 billion baht for the Thai economy.

Impact on Thai Exports and Key Industries

Concerns Over Export Declines

Sanan highlighted that Trump’s trade policies are expected to adversely affect Thai exports, particularly in sectors where Thailand currently enjoys a trade surplus with the US. Key products at risk include hard-disk drives, semiconductors, tyres, air conditioners, and solar cells.

Broader Economic Implications

The manufacturing, construction, and agriculture sectors could face significant challenges due to the anticipated barriers imposed by Trump’s administration. Sanan emphasized the need for Thailand to adapt its trade strategies in light of these developments.

Opportunities Amidst Challenges

Potential for Foreign Investment

Despite the challenges posed by Trump’s 60% import tariff on Chinese goods, Sanan noted that this could lead to an influx of Chinese products into the Thai market. While this may provide consumers with cheaper options, it could severely impact local manufacturing and service sectors.However, he also pointed out that the relocation of production bases from China to Thailand could present an opportunity for attracting foreign investment.

Economic Forecasts and Trade Partnerships

Projected Economic Losses

Sanan predicts that Trump’s trade policies could trigger an initial drop in Thai exports by 1.03%, resulting in a 0.59 percentage point decline in Thailand’s gross domestic product (GDP).

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Expanding Trade Relationships

To bolster economic growth, TCC has recommended expanding trade and investment partnerships with countries like India and forming closer ties with Vietnam. Sanan stressed the importance of proactive and passive policies alongside public-private collaboration to navigate these challenges effectively.

Monitoring the Trade Landscape

Potential Trade War Concerns

The Federation of Thai Industries (FTI) has urged close monitoring of the potential trade war stemming from Trump’s presidency. FTI president Kriengkrai Thiennukul warned that Thailand’s trade surplus might make it a target for US tariffs, which could also lead to an appreciation of the baht.

Investment Volatility

Kriengkrai expressed concerns regarding investment volatility due to Trump’s policies aimed at attracting investments back to the US through corporate tax reductions. He cautioned that these changes could adversely affect Thailand’s economic landscape.

Risks Associated with BRICS Partnerships

Kriengkrai noted that Thailand’s partnership with BRICS—a bloc that includes China—could expose it to US trade barriers. He emphasized the need for Thailand to maintain a robust domestic industry while simultaneously attracting foreign investments.

Strategic Adaptation Required

As Thailand navigates potential economic challenges arising from international trade dynamics, maintaining a neutral stance while fostering strategic partnerships will be crucial. The TCC’s recommendations highlight the importance of adaptability and proactive measures in ensuring sustainable economic growth amidst global uncertainties.

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Man United Face Fresh Refereeing Controversy as Anthony Taylor’s VAR Calls Scrutinized in Arsenal Clash

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Manchester United and Arsenal played out an intense draw at Old Trafford on Sunday, but the game could have taken a different turn had referee Anthony Taylor awarded penalties to the visitors.

Bruno Fernandes put United in front just before halftime with a stunning free-kick, but Declan Rice found the equalizer late in the second half. Despite Arsenal’s relentless pressure in the closing stages, Ruben Amorim’s side held firm, securing a point at home.

However, the match was not without controversy. Arsenal had two major penalty appeals turned down, leading to heated debate. The first incident saw Ayden Heaven seemingly handle the ball inside United’s box, sparking calls for a spot-kick. Later, Gabriel Magalhães believed he was fouled by Diogo Dalot, who appeared to tug at his shirt. Despite the apparent contact, VAR ruled that Gabriel exaggerated his fall, dismissing Arsenal’s claims.

Pundit Gary Neville weighed in on the decision, stating, “Gabriel is unhappy. He’s arguing he was held, but VAR concluded he threw himself to the ground. Dalot had his hands on him, but the reaction was too dramatic.”

After the match, Arsenal manager Mikel Arteta shared his frustration, emphasizing his team’s dominance. “It’s frustrating not to win, especially after controlling the game for nearly 44 minutes. We dictated play, but lacked sharpness in the final third. We needed more intent, more precision in our last passes and shots. The game was going in our favor, but one mistake cost us.”

Arteta highlighted the critical moment that led to United’s goal. “A long ball we failed to deal with, a giveaway, and a foul in a dangerous area—against United, that’s a big risk. They capitalized on that. We created chances but also made errors that could have cost us. In the end, we could have even lost.”

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With domestic duties momentarily set aside, Manchester United now shift focus to their crucial Europa League Round of 16 second-leg clash against Real Sociedad at Old Trafford. The high-stakes encounter is expected to deliver another thrilling contest under the floodlights

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Thailand Faces Summer Storms: Heavy Rains, Strong Winds, and Hail Expected Across 10 Provinces

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Summer Storms Hit Thailand with Heavy Rain and Strong Winds

Storm Warning for 10 Provinces

Thailand is bracing for severe summer storms that are expected to bring heavy rain, strong winds, and lightning to 10 provinces. The Thai Meteorological Department has issued its final warning for the storm, which is set to affect regions in the North, Central, and Upper South of the country.

Affected Areas and Weather Conditions

The provinces likely to experience the impact include Tak, Kamphaeng Phet, Phichit in the North; Nakhon Sawan, Uthai Thani, Kanchanaburi, Ratchaburi in the Central region; and Phetchaburi, Prachuap Khiri Khan, Chumphon in the South. Residents are urged to stay alert and avoid outdoor activities during the storm.

Precautions for Residents and Farmers

Safety Measures Advised

The Meteorological Department advises residents to avoid standing under large trees or near unstable structures during strong winds. Farmers are encouraged to protect crops and livestock from potential damage caused by hail and gusty winds.

Health and Agricultural Concerns

Changing weather conditions may also affect health. Farmers should secure agricultural produce and livestock while ensuring personal safety during thunderstorms.

Weather Forecast Highlights

Detailed Weather Predictions

The forecast for March 8-9 includes thunderstorms in 40% of affected areas, with temperatures ranging between 17°C to 31°C depending on the region. Winds are expected to blow at speeds of 10-30 km/h across most provinces.

Regional Variations

In Northern Thailand, hot daytime weather will be followed by thunderstorms in some areas. The Central region may see sporadic hailstorms, while the South will experience moderate rainfall with waves over 2 meters high in stormy conditions.

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Mariners and Travelers Cautioned

High Waves in Coastal Areas

Mariners are advised to avoid sailing due to high waves in the Gulf of Thailand and Andaman Sea. Waves could exceed 2 meters during thunderstorms.

Travel Warnings

Travelers should exercise caution when moving through storm-hit areas. Lightning strikes and falling debris pose significant risks during this period of volatile weather.

Bangkok and Surrounding Areas

Storm Impact on Bangkok

The capital city is expected to face thunderstorms in 60% of its area, accompanied by strong winds and occasional hail. Temperatures will range from 23°C to 33°C with southeasterly winds at speeds of 10-20 km/h.

Urban Precautions

Residents in Bangkok are advised to secure outdoor objects, avoid unnecessary travel during storms, and monitor updates from official sources.

Meteorological Insights

Cause of Severe Weather

The summer storms are attributed to a moderate high-pressure system from China that is pushing moisture-laden winds across Thailand. This system has intensified rainfall and wind speeds in many regions.

Dust Levels and Air Quality

While scattered rain has improved air quality in some areas, Northern Thailand continues to experience moderate dust accumulation due to weaker winds.

Official Alerts and Updates

Stay Informed with TMD Announcements

The Thai Meteorological Department emphasizes the importance of staying updated through its website or hotline services. Residents should heed official advice for their safety.

Final Warning Issued

This marks the final announcement regarding this storm event as it progresses across affected provinces. Further updates will focus on localized impacts if necessary.

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Thailand’s Weather Shift: North Dries Up, South Braces for Downpours

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Northern Thailand: Drier Days Ahead

High-Pressure System Weakens

The upper regions of Thailand are expected to experience less rainfall in the coming days. A weakening high-pressure system over the Northeast and South China Sea is causing this change in weather patterns. As a result, the easterly and southeasterly winds that typically bring moisture to the area are diminishing in strength.

Rising Temperatures and Clear Skies

With the decrease in rainfall, temperatures in upper Thailand are set to rise. Residents can expect daytime maximum temperatures to reach up to 34°C in March. The weather will be characterized by very high heat and humidity, with an average of 8 hours of sunshine per day.

Southern Thailand: Preparing for Heavy Rains

Monsoon Trough and Low-Pressure Systems

While the north dries up, the southern regions of Thailand are forecasted to experience heavy rainfall. This is due to the presence of a monsoon trough across the central South and the potential for active low-pressure cells moving through the area.

Increased Risk of Flooding

The heavy rains in the South, particularly along the east coast from Chumphon southward, may lead to flash floods and overflowing riverbanks in some locations. Residents in these areas should stay alert and prepared for potential flooding events.

Coastal Conditions: Rough Seas Ahead

Gulf of Thailand: High Waves Expected

The Gulf of Thailand is likely to see strong winds and high waves in the coming period. Wave heights are predicted to reach 2-4 meters in some areas, posing potential risks for maritime activities.

Andaman Sea: Moderate Wave Activity

In contrast to the Gulf, the Andaman Sea is expected to have more moderate conditions, with wave heights of 1-2 meters. However, both regions may experience waves exceeding 2 meters during thunderstorms.

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Weather Impact on Daily Life

Health and Safety Precautions

As the weather patterns shift, residents across Thailand are advised to take care of their health due to the changing conditions. In the upper regions, the rise in temperature and decrease in rainfall may lead to dry air, increasing the risk of fire hazards.

Travel and Outdoor Activities

Those planning outdoor activities or travel should stay informed about local weather forecasts. In the South, particularly, it’s crucial to be aware of the potential for heavy rains and flooding, which could affect transportation and daily routines.

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