The Bank of Thailand's Deputy Governor for Financial Institution Supervision, Somchai Lertsathapornvashin, revealed that Thailand's commercial banking system showed strong financial fundamentals in Q1 2025, though economic headwinds are starting to pressure profits and credit quality for certain customer segments.

The banking system maintains high stability with strong capital, reserves, and liquidity to weather economic volatility. However, total credit expansion grew only 0.2% year-on-year—a sluggish pace reflecting an economy still losing momentum.

Large corporate credit has recovered thanks to increased demand for working capital as energy and raw material costs surged due to Middle East conflict. In contrast, SME and retail lending continues to shrink as banks tighten risk controls against loan defaults. Banks are simultaneously running protective support programs for vulnerable borrowers through debt restructuring measures and the "You Fight, We Help" initiative.

Non-performing loans (NPL) remain stable at 535.8 billion baht, or 2.85% of total credit, with no acceleration. Positive signals include declining new NPL additions across all segments and some borrowers resuming payments, pushing Stage 2 credit classification down to 7%.

Bank profits fell from the previous year due to declining interest income as policy rates dropped, while banks reduced rates to assist borrowers and increased provisions against Middle East conflict risks.

"We need to closely monitor the outlook," the deputy governor warned. "With economic slowdown, rising costs, and falling household incomes putting pressure on SME and household debt repayment capacity—especially in a tight credit environment—household debt-to-GDP has ticked up slightly from accelerated spending via credit cards and home loans in late 2024."

"Overall, the banking system remains strong, but the grassroots economy and retail borrowers remain fragile," he concluded, noting this will be a critical factor shaping credit trends and bank profits through the rest of 2025.

Rising star D GERRARD (Big Ukrit Willy Broad Dongabriel), a singer, songwriter, and actor known for hits like Galaxy, Sky Train, and Parallel World, has made his official debut as a fully independent artist under his new image 'Prince of Light.' After eight years under a record label, GERRARD is now taking complete creative control, launching his ambitious new album project ASTRONOMY—a musical journey through the cosmos told across 10 tracks.

The album's listening party was held on May 17 at SF World Cinema, Level 8, Central World, featuring industry peers walking the red carpet in royal Thai-inspired attire. Hosted by Nene Kaet Sepyasawat, the event showcased the album's concept and inspiration, followed by an exclusive listening experience with premium cinema sound and a Q&A session where GERRARD detailed the creative process behind each track.

GERRARD emphasized that ASTRONOMY is more than just a collection of songs—it's a carefully crafted musical universe spanning music, fashion, and sci-fi storytelling. The album features world-renowned engineers including Matt Sim (known for work with John Legend, The Chainsmokers, and Jackson Wang on mixing) and Randy Merrill (who has mastered tracks for Bruno Mars, Taylor Swift, and BTS). The project also includes a music video for 'Superstar' featuring GERRARD performing a real skydive from 13,000 feet.

The event concluded with The Galactic Bar, created by Zimplex Mixology, serving signature cocktails inspired by each of the 10 album tracks, accompanied by DJ KOB FLATBOY. The pre-stream of ASTRONOMY is now available at https://www.openlink.co/dgerrard.work

CHIANG MAI — On May 19, 2026, Thai and Myanmar officials agreed to strengthen cooperation on tackling transboundary haze pollution by integrating monitoring platforms and sharing air pollution data under a long-term regional strategy, Thai authorities announced.

The meeting held in Chiang Mai under the "Clear Sky Strategy 2024–2030" brought together Surin Worakitthamrong, director-general of Thailand's Pollution Control Department, and Dr. San Oo, director-general of Myanmar's Environmental Conservation Department, along with representatives from other agencies to discuss joint responses to the annual cross-border haze crisis affecting the Mekong region.

Surin reported that Myanmar had reduced wildfire hotspots by 12% in 2025 compared to the previous year, based on the latest Myanmar government data.

He said the reduction reflected Myanmar's enforcement of environmental protection laws and public awareness campaigns in high-risk areas, though major challenges remain, particularly limited air-quality monitoring infrastructure and incomplete environmental databases.

Thai officials said Thailand would provide technical support to Myanmar to strengthen long-term trilateral cooperation in addressing haze pollution, including: • developing online platforms and websites for reporting transboundary haze conditions and air quality in Myanmar • providing technical assistance on air-quality standards, Air Quality Index systems and Myanmar's national air-quality management planning • sharing expertise in developing fire-risk maps using hotspot-monitoring technology to improve wildfire response capabilities

Surin said sharing technology and knowledge would help connect regional air-pollution data systems and improve the accuracy and effectiveness of cross-border haze management across the Mekong region.

The global beverage industry is valued at 65.52 trillion baht, with Informa Markets organizing ProPak Asia 2026 to support Thai entrepreneurs in using technology and innovation to enhance beverage production and development, targeting the wellness-longevity segment amid global mega-trends.

Thailand maintains its status as the world's fifth-largest non-alcoholic beverage exporter. The global beverage market is projected to reach approximately 2.03 trillion U.S. dollars, or about 65.52 trillion baht, by 2026, with an average annual growth rate of 5.65%. Asia-Pacific is the fastest-growing market, driven by rising incomes, growing populations, urbanization expansion, and increasing consumer demand for convenient products that support health-focused consumption behaviors (wellness), quality longevity (longevity), and preventive health care.

Thai beverage industry is expected to maintain its position while the domestic market value in 2026 is projected to exceed 500 billion baht, following the same global trajectory. To enhance competitiveness and address current challenges, innovation and technology are critical solutions for improving operations and production processes efficiently.

ProPak Asia 2026 is significant for the industry's transformation. Beyond being the region's largest processing technology and packaging exhibition, it will highlight machinery innovations and technologies supporting comprehensive production across all beverage types, including advanced aseptic technology, production line adjustments for lightweight packaging, recycled plastic packaging (rPET), and AI-driven production management for zero waste and reduced energy costs.

The event will feature ProPak Drinksphere, a hub for the beverage industry's future, offering expert insights, demonstrations, and workshops on modern beverage innovation, advanced water production technology, functional drinks and craft alcohol, and industry technologies and trends. A special seminar on "Hydration & Health: The Role of Beverages in Health and Longevity" will be held by the Thai Beverage Industry Association, inviting industry entrepreneurs and interested parties to attend.

Emil Haddad, General Manager for Southeast Asia at Husky Technologies Limited, a leading technology company in machinery and injection molding systems, shared perspectives on the beverage industry.

The State Railway of Thailand has signed a construction contract with the Unique engineering consortium to build the Red Line extension from Talangchan to Salaya, valued at over 20 billion baht, with groundbreaking set for July 15 and opening in July 2029. Anan Phothnim Daeng, acting governor of the State Railway of Thailand, announced that on May 19, 2026, the railway signed the contract with a joint venture between Unique Engineering and Construction Public Company Limited and Trustee Construction Limited. The Sirinaj-Talangchan-Salaya section and three additional stations—Phra Ram VI Bridge, Banggrok-MEA, and Ban Chimplee—have a combined budget of 14,720 million baht, while the Rangsit to Thammasat University Rangsit Center section has a budget of 6,057 million baht. Construction is expected to begin July 15 and take three years, completing in June 2032 and opening for service in 2029. The Sirinaj-Talangchan-Salaya section spans 20.50 kilometers with 13.83 kilometers at ground level and 6.67 kilometers elevated, featuring nine stations: Sirinaj, Bangkhunnon, Talad Nam Talangchan, Phra Ram VI Bridge, Banggrok-MEA, Ban Chimplee, Kanchanaphisek, Salathammasonpon, and Salaya. Construction areas use primarily railway land with no land acquisition required. The Rangsit to Thammasat University Rangsit Center section spans 8.84 kilometers at ground level with four stations: Khlong Neung, Bangkok University, Chiangrak, and Thammasat Rangsit Center, mostly utilizing railway land with approximately 14 acres of land requisition for station and access road construction. When operational, the project will reduce travel time from Pathumthani to Bangkok and improve access to the Thonburi-Salaya area through the main rail system, alleviating traffic congestion while promoting economic development around the stations.

An AC technician got quite a shock after cleaning an air conditioner unit and finding snake eggs inside. The discovery has left social media users baffled about how the snake managed to get in. On May 19, TikTok user @woraphot03, an air conditioning technician, posted a disturbing video after finding snake eggs in an AC unit, captioning it: "Don't trust your AC anymore if you find something like this!" The footage appears to show an old, rarely-used air conditioner with snake skin shed on top, but the truly horrifying discovery came when the technician opened the AC panel and found it packed with unhatched snake eggs—approximately 10 in total. After the post went viral, many users flooded the comments asking how the snake could have possibly gotten inside. The technician believes the snake likely entered through gaps around the air intake duct connected to the external compressor unit.