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BUSINESS

MEA Restores Power After Samsen Road Subsidence

Published on 28/11/2025

» Road subsidence on Samsen Road in front of Vajira Hospital severely disrupted the local electricity network earlier this week, prompting an immediate response from the Metropolitan Electricity Authority (MEA). On 24 September 2025, MEA executives and staff, led by Deputy Governor (Distribution System Service) Pipat Chonumpai, visited the site to monitor conditions, inspect the safety of power poles and electrical lines, and oversee restoration work.

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THAILAND

Flood death toll in South rises to 145

Online Reporters, Published on 28/11/2025

» Severe flooding across southern Thailand has so far claimed 145 lives, with Songkhla province accounting for the majority at 110 fatalities, according to the government’s Emergency Flood Response Operations Centre.

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THAILAND

SCB WEALTH Navigates the “Storm Shift” at Year-End Forum

Published on 28/11/2025

» SCB WEALTH under Siam Commercial Bank (SCB) recently hosted the SCB WEALTH Holistic Wealth Forum 2025 under the theme “Storm Shift”, bringing together top-tier local and global experts to provide clients with a strategic “investment compass” to weather global economic storms. Looking ahead to 2026, the forum identified it as a pivotal year marked by major disruptions—from geopolitical tensions and AI-driven technological shifts to evolving global economic structures. Despite these challenges, Thailand is seen as entering a “golden opportunity” phase, supported by surging foreign investment figures from the Board of Investment (BOI). Foreign investment and capital markets are accelerating efforts to transition Thailand into the New Economy, driven by the Third Wave of innovation in AI, semiconductors, and data centres. BlackRock highlighted AI infrastructure as a major force poised to reshape the global economy. Meanwhile, Hua Seng Heng projected that gold prices will remain on an upward trajectory in 2026, with potential to reach USD 4,700. SCB Fund Management (SCBFM) forecasted Thai baht volatility within a range of THB 31–33 per USD. The forum concluded with insights on family office strategy and the importance of establishing a family constitution to ensure long-term wealth preservation. Experts emphasised the need for neutral mediation mechanisms to protect family wealth from internal disruptions and promote sustainable legacy planning.

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THAILAND

Looting emerges in Hat Yai after floodwater drops

Online Reporters, Published on 28/11/2025

» Looting has been reported across parts of Hat Yai municipality as floodwater begins to recede from the southern city.

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THAILAND

Corrections Department defends family photo during Thaksin prison visit

Published on 28/11/2025

» The Corrections Department has defended its policy after a family photo of former prime minister Thaksin Shinawatra embracing his children during a prison visit sparked criticism from a former senator about security protocols.

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THAILAND

Fire ravages supercar warehouse in Nonthaburi, damaging 50 cars worth B190m

Online Reporters, Published on 28/11/2025

» A fierce fire gutted a warehouse storing luxury vehicles in Pak Kret district of Nonthaburi on Friday morning, destroying five supercars and 45 Tesla electric cars, with estimated losses of more than 190 million baht. 

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THAILAND

Enraged Hat Yai residents call for mayor to step down

Published on 28/11/2025

» The Hat Yai mayor is facing growing calls to resign as residents remain furious over his underestimation of the severe flooding that left much of the city underwater.

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THAILAND

Saha Group Announces Major Deal with China’s Yuyuan Group

Published on 27/11/2025

» Strategic partnership to drive growth in beauty, fashion, F&B and gold jewellery while strengthening pathways to ASEAN expansion

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THAILAND

Thaksin’s daughter posts family photo taken at prison

Online Reporters, Published on 27/11/2025

» Former prime minister Thaksin Shinawatra was visited by his three children and their families at Klongprem Central Prison in Bangkok on Thursday, in a rare close-contact session arranged as part of New Year celebrations.

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THAILAND

Jet ski champ rescues newborn and mother from floodwaters

Online Reporters, Published on 27/11/2025

» SONGKHLA - A former world jet ski champion has documented the dramatic rescue of a woman who had given birth just minutes earlier amid the flooding in Hat Yai.