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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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Malaysian Prime Minister Anwar Ibrahim and Former Thai PM Thaksin Shinawatra Hold Productive Talks on Regional Issues

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Prime Minister Anwar Ibrahim of Malaysia recently met with former Thai Prime Minister Thaksin Shinawatra for discussions on key regional matters. The meeting, which took place on Sunday, February 2, 2025, was described by Anwar as productive.

Key Topics Discussed

Myanmar Situation and Cryptocurrency Developments

During their talks, Anwar and Thaksin addressed several crucial issues, including the ongoing situation in Myanmar and recent developments in cryptocurrency. These discussions highlight the importance of regional cooperation in addressing complex challenges facing Southeast Asia.

Expanded Dialogue

Inclusion of Former Singapore Foreign Minister

The conversation continued into the evening, with former Singapore Foreign Minister George Yeo joining Anwar and Thaksin for dinner. This expanded dialogue suggests a broader regional approach to addressing ASEAN concerns.

Thaksin’s Role

Informal Advisor to ASEAN Chair

Thaksin’s participation in these talks is significant, as he was appointed as an informal advisor to Anwar for Malaysia’s ASEAN chairmanship in 2025. This appointment, while controversial, aims to leverage Thaksin’s extensive regional experience and connections.

Regional Implications

ASEAN Leadership and Cooperation

The meeting between Anwar and Thaksin, along with the involvement of other regional figures like George Yeo, underscores Malaysia’s commitment to fostering stronger ties within ASEAN during its chairmanship. This approach may lead to new strategies for addressing regional challenges, including the Myanmar crisis and economic development.

Future Outlook

Potential for Further Collaboration

As Malaysia assumes the ASEAN chair, these high-level discussions indicate a proactive approach to regional diplomacy. The involvement of experienced political figures suggests a potential for innovative solutions to long-standing issues in Southeast Asia.

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Bangkok Commuters Face Fare Resumption as Free Public Transport Initiative Ends

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The Transport Ministry’s week-long free public transport scheme in Bangkok and surrounding provinces has concluded, marking a return to regular fares for bus and train services. Despite its success in reducing air pollution and increasing ridership, the ministry has decided not to extend the program.

Impact on Commuters

Ridership Surge During Free Period

The seven-day initiative, which ran from January 25 to 31, 2025, saw a significant increase in public transport usage. Bus ridership rose by 36.81%, while train passenger numbers surged by 39.62% compared to the previous week.

Environmental Benefits

Reduced Emissions and Traffic

The scheme led to a notable decrease in air pollution levels. On the first day alone, PM2.5 levels in Bangkok dropped significantly. The number of vehicles on Bangkok’s streets decreased by 350,000 on January 25 and 26, resulting in reduced carbon dioxide and nitrogen emissions.

Future Plans

Flat Fare Implementation

While the free transport scheme has ended, the Transport Ministry plans to implement a 20-baht flat fare by September 2025. This decision comes in response to the observed correlation between fare prices and public transport usage.

Mixed Reactions

Commuter Concerns

The initiative’s success has led to mixed reactions from some commuters. White-collar workers who regularly use the BTS Skytrain expressed frustration on social media about increased crowding, with some opting to drive instead.

Long-term Strategy

Balancing Accessibility and Comfort

As the Transport Ministry moves forward with its plans, it will need to balance the goal of increasing public transport accessibility with maintaining service quality and comfort for all commuters. This challenge will be crucial in shaping the future of Bangkok’s public transportation system.

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Alarming Surge in Teen Vaping: Thailand’s Growing Public Health Crisis

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Thailand is facing a critical public health challenge as e-cigarette use among teenagers skyrockets. Recent data reveals a tenfold increase in young vapers within just one year, prompting civil networks to call for urgent action and national-level intervention.

Youth Vaping Epidemic

Shocking Statistics

The number of e-cigarette users aged 15-24 has surged from 24,050 to 269,533 in a single year. Even more concerning, 43% of primary school students aged 9-12 have already experimented with e-cigarettes, with a notable rise among girls.

Health Risks and Consequences

Brain Development Concerns

Dr. Prakit Vathesatogkit, president of the Action on Smoking and Health Foundation, warns that early exposure to nicotine can severely impact brain development. Young vapers are five times more likely to experience depression, concentration difficulties, irritability, and academic performance issues.

Government and Civil Society Response

Collaborative Efforts

A recent seminar organized by the Senate committee brought together government agencies, private sector representatives, civil society organizations, and youth groups to address this growing crisis. Participants emphasized the need for awareness campaigns, strengthened law enforcement, and policies prioritizing youth welfare.

Prevention Strategies

Community Involvement

The seminar focused on empowering families, communities, and schools to take proactive roles in preventing e-cigarette use among youth. Participants discussed measures to enhance law enforcement and develop policies aligned with the UN Convention on the Rights of the Child.

Cautionary Tale

Dr. Prakit urged lawmakers to maintain the ban on e-cigarettes, citing the Philippines as an example where legalization led to increased smoking rates, a rise in illegal tobacco trade, and reduced tax revenues.

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Long-term Implications

Social and Economic Impact

The rapid increase in teen vaping not only threatens the health and well-being of Thai youth but also poses significant long-term social and economic consequences for the country.

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