Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas discussed Thailand's first-quarter 2025 GDP expansion of 2.8%, compared to 2.5% in the previous quarter, noting that the standout indicator was total investment growth reaching an 11-year high. Private sector investment surged 10.1%, up from 6.5% growth the previous quarter, coinciding with the Board of Investment's (BOI) Fast Pass unlocking easier investment pathways. Government spending acceleration policies also drove public investment growth to 9.4%, while export indicators remained strong due to accelerated shipments amid Trump tariff measures.

"This quarter's GDP growth stems from two main engines: aggregate investment leading the charge, alongside export acceleration triggered by Trump's tariff measures," Ekniti explained. "These two prominent engines reflect what the Finance Ministry intends to achieve as short-term stimulus with long-term benefits. Currently, it feels like we're looking in the rearview mirror at positive results that occurred before Middle East tensions, but the road ahead remains uncertain and concerning."

Despite GDP expansion from the previous quarter, which resulted partly from pre-conflict Middle East conditions, concerns remain about uneven investment distribution affecting small and medium enterprises and ordinary citizens, as well as energy and economic crises stemming from Middle East tensions. Oil prices are expected to remain elevated for another 1-2 years, driving higher inflation and cascading crises. Consequently, the government must prepare accordingly.

Ekniti stated that tomorrow's cabinet meeting (May 19) will approve a 200-billion-baht debt financing plan and the Thai Helps Thai Plus program to assist citizens impacted by Middle East conflict crises, specifically addressing cost-of-living pressures. The borrowing will simultaneously support cost-of-living relief and long-term impacts mitigation while enabling energy transition investments. The 200-billion-baht fiscal year borrowing will maintain public debt at 68% of GDP, within the established ceiling, with expectations that investments will boost GDP growth and subsequently reduce the public debt-to-GDP ratio.

Additionally, the Finance Ministry is coordinating with the Transport and Agriculture ministries to roll out targeted farmer assistance measures, including a fertilizer subsidy program, as farmers face hardship from fertilizer raw material price increases stemming from Middle East tensions. Energy transition measures will also address transport sector impacts from elevated oil prices.

Thanawat Thirapongpaibuul, known as 'Man Nakhon Pathom,' has earned his return to professional world snooker after defeating China's Bai Langning 4-1 in the qualifying round at the 'I-EA-T Asia Oceania Q-School 2026 Event 1' held at Kiattithada Sukondhasawat Club on May 18.

The 32-year-old previously competed as a professional snooker player from 2010 to 2016 and became the youngest player in professional snooker history to achieve a maximum break of 147 points.

However, Man was implicated in match-fixing involving six professional snooker matches between 2013-2015 and received a 9-year ban. Due to his cooperation and confession, the penalty was reduced to a 6-year ban with a 2.5-year competition suspension (from June 15, 2022 to March 14, 2025). Despite this setback, Man remained committed to his training during the suspension period and has successfully proven himself by securing his ticket back to the professional world snooker main tour.

EGCO Group reported first quarter 2025 net profit of 875 million baht, up 349% from the previous quarter, with major support from outstanding performance at power plants in the United States and South Korea, reflecting high electricity demand in both countries driven by technology and data center sector expansion. The company is pursuing continuous strategic investments through asset recycling and M&A in electricity businesses, including high-quality natural gas power plants and renewable energy facilities both domestically and abroad, to generate rapid revenue growth.

EGCO Group Chief Executive Thawatchai Samranwanich stated that first quarter 2025 results demonstrate strong resilience in adapting to changing conditions and efficient asset management capabilities amid a volatile environment influenced by global economic factors, geopolitics, and energy costs. The company successfully revived performance growth from the previous quarter, supported by multiple large power plants internationally and disciplined cost and portfolio management under the "POWER4" strategy and "ONE EGCO ONE GOAL" vision aimed at sustainable and balanced growth.

Total revenue reached 9,509 million baht, up 8% from the prior quarter, with operating profit of 970 million baht, up 966%, and net profit of 875 million baht, up 349%. Key profit drivers include outstanding electricity sales growth from the Linden Cogen natural gas power plant and Compass power plant group in the United States due to data center and AI industry expansion, continuous electricity sales increases from Paju ES power plant in South Korea supporting the semiconductor industry, and improved operations at BLCP power plant in Thailand from lower fuel costs.

As of March 31, 2025, EGCO Group maintains total assets of 225,678 million baht, up 2% from year-end 2024, with shareholders' equity of 102,456 million baht, also up 2%, and cash reserves of 28,943 million baht supporting financial flexibility and future investment opportunities. The company aims to actively manage its portfolio and pursue electricity and energy business investments for sustained long-term growth, with highlights including significant progress on 11 renewable energy projects under the RE Big Lot Round 2 initiative totaling 448 megawatts, with three power purchase agreements already signed and more expected to be finalized soon.

In an extraordinary rescue story on May 18, a 50-year-old Australian man was found after being lost for more than a week in the mountains near Taitung, eastern Taiwan. Rescuers were guided to his location by the sound of a saxophone he was playing while trapped in the forest. Matthew, as he requested to be called, was rescued on May 15 after days stranded without food, proper hiking boots, or communication equipment. He survived by drinking rainwater and sheltering in a cave to escape the cold weather. The Taitung Fire Department received a missing person report on May 11 and deployed multiple search teams using drones. Officials located Matthew the following day but heavy rainfall and dangerous terrain prevented immediate access, so they used drones to deliver food while waiting for rescue teams to reach him on foot. Matthew told local media he had ventured into the forest after arguing with his wife, saying "This is a miracle. Thank you Taiwan." He has since reunited with his wife and confirmed he will never disappear into the mountains again.

Sources within Thailand's National Broadcasting and Telecommunications Commission (NBTC) report that no formal decision has been reached on whether to purchase 2026 World Cup broadcasting rights after the agent maintained the asking price of 1.3 billion baht, with officials deeming it uneconomical and signaling that private companies are welcome to pursue the rights themselves.

The NBTC sources revealed that the agency is still evaluating the value proposition comprehensively, including the license fee, broadcast conditions, match timing, advertising revenue potential, and whether the budget allocation serves the public interest. Thailand's negotiating position has been anchored around 600 million baht, the budget level the NBTC previously supported for World Cup broadcasts, which has served as the baseline for negotiations with the rights holder.

However, negotiations have stalled because the rights holder's expectations, conveyed through its agent, remain significantly higher than Thailand's ceiling—with the agent insisting the price cannot go below 1.3 billion baht. Officials stressed that the core issue is not a lack of interest in World Cup coverage, but rather whether the expenditure justifies the returns. The 2026 tournament spans only about one month, yet the licensing fees are exceptionally high. Additionally, the government has consulted with sports associations and related football organizations, some of which suggest that if such substantial budgets must be spent, the funds might better serve the public through other initiatives.

Another complicating factor is that the 2026 World Cup, being held in the United States, Canada, and Mexico, presents timing challenges for Thai viewers, with matches starting as early as 3 a.m. and ending around 10 a.m. Thai time. This unfavorable schedule may dampen viewer engagement compared to tournaments held in Europe or Asia, and local businesses traditionally benefiting from World Cup events—such as restaurants, entertainment venues, and viewing parties—may struggle to capitalize fully. However, if private sector evaluations show the investment worthwhile and they wish to pool resources to purchase the rights, they are free to proceed.

Commercial advertising and revenue opportunities also face headwinds due to the inconvenient broadcast times limiting broad audience reach, resulting in weak private sector interest in co-funding the license purchase, particularly when return-on-investment calculations suggest advertising revenue recovery may fall short of licensing costs.

On May 18, 2025, Surapong Intharawat, Secretary-General of the National Anti-Corruption Commission (NACC), announced that the NACC has found Wuthi Hengwattana, former head of Bangkok's Civil Works Division, guilty of unusual wealth accumulation totaling 8,032,103 baht.

Investigations revealed that during his tenure as Civil Works Division head for Bangkok from 2009 to 2018, Wuthi accumulated assets in his name, his spouse's name, and his children's names totaling 8,032,103 baht without being able to prove or explain their source. These assets include:

1. Bank deposits in his spouse's accounts across three accounts totaling 1,360,000 baht 2. Land and buildings located in Min Buri District, Bangkok, registered jointly under his spouse's and children's names, valued at 5,382,967 baht 3. One Toyota Fortuner vehicle registered in Wuthi's name, valued at 1,289,136 baht

The NACC determined that Wuthi possessed unusually excessive wealth and referred the case to the Office of the Attorney General to file a petition with the court for asset forfeiture to the state. The NACC also recommended that Wuthi's employer impose dismissal as disciplinary action, citing corrupt practices under the 2018 Anti-Corruption Act, Section 122. If full asset seizure cannot be enforced, the court is authorized to enforce seizure against his other assets within a ten-year period under Section 125 of the Anti-Corruption Act.