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National

Airt Pongsak Defends Bangkok's Budget Under 'Governor Aswin,' Claims Surplus of 76 Billion Baht, Not 94 Million

Former Bangkok official Pongsak Kwanmeung disputes claims the city was left with only 94 million baht, asserting the previous administration under Governor Aswin actually left a 76 billion baht surplus despite heavy pandemic relief costs an

6 May Khaosod

May 6, 2026 – Pongsak Kwanmeung, spokesperson for the Democratic Party and former Bangkok Metropolitan Administration (BMA) spokesman during Lieutenant General Aswin Kwanmeung's tenure as governor, posted on Facebook to clarify Bangkok's budget situation. He stated that Bangkok's budget operated at a surplus every year, and efforts to pay down BTS debt left behind approximately 76 billion baht, not 94 million.

Recent discussions about Bangkok's financial status have referenced the period when Lieutenant General Aswin served as governor. Without criticizing current administrators, Pongsak sought to clarify the facts in fairness to Lieutenant General Aswin, who committed to supporting the work without criticism or obstruction.

1. Budget Surplus: Bangkok maintained surpluses across multiple fiscal years: 2017 (+54.06 billion), 2018 (+141.93 billion), 2019 (+81.34 billion), 2020 (+45.86 billion), 2021 (+45.51 billion), 2022 (+109.52 billion).

Year-end budget surpluses are normal accounting occurrences resulting from revenue exceeding targets or projects bidding below estimates. However, during 2019-2022, Bangkok faced the COVID-19 crisis. The government provided emergency assistance by reducing land and property taxes by 90% for two consecutive years, costing Bangkok 10,000-14,000 million baht annually in lost revenue. Despite mounting expenditures for healthcare, pandemic relief, and citizen support, the administration managed the crisis through strict fiscal discipline.

2. BTS Debt: Current officials note that even after allocating funds for BTS debt repayment, Bangkok maintained a surplus exceeding 5 billion baht. Lieutenant General Aswin attempted multiple approaches to resolve this pre-existing debt:

2.1 – Requested Bangkok Council approval to use accumulated reserves for debt repayment, but faced rejection due to council concerns about debt burden and municipal bankruptcy.

2.2 – Submitted borrowing legislation to the council to transfer assets and settle debt, successfully resolving the Mochit-Khuekhot portion.

2.3 – Sought central government subsidies for remaining debt, citing the government's original construction of the infrastructure, but was not approved.

2.4 – The government attempted Section 44 negotiations with private sectors, which ultimately yielded no agreement.

3. The 94 Million Baht Narrative: This represents the most unfair characterization. Repeatedly claiming that the previous administration left only 94 million baht ignores the actual transfer of approximately 76 billion baht in accumulated reserves (allocated for civil service pensions, emergency reserves, and resources for new leadership). The new administration and council subsequently approved using 76 billion baht for system maintenance costs (over 23 billion baht) and operational expenses (over 40 billion baht), reducing remaining BTS debt to approximately 50,000-60,000 million baht. Current accumulated reserves are projected at billions of baht.

Ultimately, whether financial management yields a "surplus," "balanced," or "deficit" budget each carries different advantages and disadvantages. What matters most is responsible stewardship.

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National

Mr. D.I.Y. Holding Holds First Shareholder Meeting Following Stock Exchange Listing

Mr. D.I.Y. Holding held its first shareholder meeting since listing on Thailand's stock exchange in November 2024, approving a 0.261 baht per share dividend. The home improvement retailer operates 1,127 branches nationwide and expanded to a

6 May Khaosod

Bangkok – May 5, 2025 – Mr. D.I.Y. Holding (Thailand) Public Company Limited (MRDIYT), a leading retailer of home decoration equipment and lifestyle products, has successfully held its annual shareholder meeting (AGM) for the fiscal year ending December 31, 2024.

The meeting was held on April 30, 2025, at True Digital Park in Bangkok, representing the company's first shareholder meeting following its listing on the Stock Exchange of Thailand (SET) on November 5, 2024. The company trades under the ticker symbol "MRDIYT," and its initial public offering (IPO) was recognized as the highest-valued offering in Thailand in 2024.

The meeting was chaired by Adrian Ong, Chairman of the Board, and attended by board members and senior executives, including Andy Chin Guan Kui, Chief Executive Officer.

Shareholders approved all agenda items, including the audited financial statements for the fiscal year ending December 31, 2024, and the allocation of annual net profit. Shareholders also approved an annual dividend payment of 0.261 baht per share, totaling approximately 1,507 million baht, or 57.27% of net profit. The company had previously paid an interim dividend of 0.201 baht per share (1,145.97 million baht), with a remaining dividend of 0.06 baht per share (361.03 million baht) to be paid as a final dividend.

During 2024, Mr. D.I.Y. Holding (Thailand) continued expanding, reaching a total of 1,127 branches nationwide, supported by ongoing infrastructure investments and operational capabilities. This growth reflects the company's commitment to making everyday essential products affordable and easily accessible to communities across Thailand, while maintaining disciplined operations.

As part of the regional Mr. D.I.Y. group, the company benefits from a strong brand and recognized business model, enabling continuous expansion while efficiently meeting domestic market demand.

Mr. D.I.Y. Holding (Thailand) remains focused on strengthening business fundamentals and building stable, sustainable long-term growth.

"Last year was another significant milestone for us with our listing on the Stock Exchange of Thailand," said Andy Chin Guan Kui, Chief Executive Officer. "In 2024, the company expanded branches across all 77 provinces nationwide, reflecting the strength of our scalable business model and enhanced ability to serve customers comprehensively throughout Thailand. As we continue growing, our vision remains clear: to deliver quality products at affordable prices and convenient access for customers, while building a stable, disciplined, and sustainably growing business. We are confident in the potential of the Mr. D.I.Y. brand and ready to leverage this strength to expand growth in Thailand."

The successful completion of this first shareholder meeting reflects the company's commitment to conducting business with integrity and transparency.

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National

PTT Included in Dow Jones Index for 14th Consecutive Year, Reaffirming Global Sustainability Leadership

PTT has been named to the Dow Jones Best-in-Class Index for the 14th straight year, joining several of its subsidiaries in recognition of strong environmental, social, and governance practices.

6 May Khaosod

PTT Public Company Limited has been selected for inclusion in the Dow Jones Best-in-Class Index (DJBICI), formerly known as the Dow Jones Sustainability Indices (DJSI), for the 14th consecutive year in both the DJBIC World Index and DJBIC Emerging Markets Index, reflecting international-standard business operations.

The company adheres to good corporate governance principles while reducing greenhouse gas emissions across all operational processes in economic, social, and environmental dimensions. PTT also manages its supply chain efficiently to support sustainable growth. The company prioritizes environmental management and climate change mitigation aligned with national and international targets while caring for all stakeholder groups based on balanced sustainability principles, following its vision of "PTT strong together with Thai society and growing globally in a sustainable manner."

Several PTT subsidiaries have also been selected for DJBICI inclusion, including PTT Exploration and Production Public Company Limited, Thai Oil Public Company Limited, IRPC Public Company Limited, PTT Global Chemical Public Company Limited, Global Power Synergy Public Company Limited, and PTT Oil and Retail Business Public Company Limited.

The Dow Jones Best-in-Class Index (DJBICI) is a globally recognized index that evaluates business performance of listed companies according to sustainable development guidelines, covering environmental, social, and governance (ESG) criteria. It is acknowledged internationally by investors, financial institutions, and funds worldwide to build confidence among both domestic and foreign investors.

No. 03 of Read at source → Next
National

Director Phoch Anant Unbothered by 'Heng Chia Jazz' Flopping: 'If It Doesn't Work This Time, We'll Try Again—Stop Freaking Out'

Director Phoch Anant brushes off criticism over his film "Heng Chia Jazz" flopping at the box office, saying he's unbothered and will simply make another movie if this one doesn't work. The veteran filmmaker stressed that the film turned a

6 May Khaosod

Renowned director Phoch Anant is not stressed about his film 'Heng Chia Jazz' failing to make money, casually suggesting that if this one doesn't work out, he'll just make another one—so everyone should calm down.

Having made numerous films throughout his career, the talented director is often the subject of discussion from various angles. Most recently, Phoch Anant faced criticism over 'Heng Chia Jazz' not performing financially, with some even asking him on social media how he felt about the film's poor box office returns.

He responded with a laid-back video in typical Phoch Anant style: "I want to thank our loyal fans who keep watching our movies. Are you disappointed? I'm not. There are plenty of other Thai films that made no money or earned less than ours. Our film had a smaller budget, but our production quality is second to none. This one didn't work out, maybe the next one will. Some companies make multiple films but only succeed with one. Our investors told me that as long as the film doesn't lose money and makes a little profit, that's good enough. Don't worry about it. Stop overthinking—I'm someone who enjoys keeping people on their toes anyway, otherwise life has no flavor, right? I'm happy to have made films in different styles. Thanks to our fans. Sometimes you hit, sometimes you miss, but at least we're still a top-five or top-ten earning production company. Missing the top rankings for a year isn't a big deal. The year's not even over yet, haha."

No. 04 of Read at source → Next
Police

Village Chief Resigns After Alleged Sexual Assault of 13-Year-Old Girl; Police File Two Serious Charges

A village chief in Nakhon Phanom province has resigned after police filed charges of child sexual assault and rape against him following a complaint from the parents of a 13-year-old girl in late April.

6 May Khaosod

On May 6, 2025, Pol. Lt. Col. Kurupong Kaeo-saad, superintendent of Wang Yang Police Station, revealed progress in a case filed on April 28 by the parents of a 13-year-old girl from Nakhon Phanom province. They accused village chief Kittipong of assaulting their daughter and sexually coercing her. Pol. Lt. Col. Kurupong stated that investigators questioned both the accused and the victim. Although the village chief initially denied the charges, sufficient evidence was found, and the girl underwent a medical examination. Police are confident they have adequate evidence for prosecution. Pol. Lt. Col. Kurupong noted that despite the accused attempting to reconcile with the victim's family, this case cannot be settled as it is a criminal matter involving a child. Two charges are being prepared: abduction of a minor and indecent assault of a child under 15 years old, and rape with aggravated circumstances, carrying sentences of up to 20 years imprisonment or life imprisonment. The accused was informed of the charges and legal procedures will proceed fairly for both parties. The incident reportedly occurred because the girl worked part-time as a traditional music performer, which the village chief exploited to approach and coerce her. Investigation revealed that Kittipong resigned from his position on April 28, after the incident occurred, placing the matter solely under police jurisdiction rather than district administrative disciplinary action. Meanwhile, social development and human security officials from Nakhon Phanom province, coordinated through a foundation, have been providing support and psychological rehabilitation to the 13-year-old girl and her family.

No. 05 of Read at source → Next
National

Top Female Tennis Players Threaten French Open Boycott Over Unfair Prize Money

Top female tennis players including world number one Aryna Sabalenka have threatened to boycott the French Open unless organizers increase prize money to match the revenue share offered at other major tournaments.

6 May Khaosod

World number one Aryna Sabalenka has revealed that top-ranked female tennis players may boycott the Grand Slam tournament French Open if prize money is not increased appropriately. Although Roland Garros organizers announced a 9.5% increase in total prize money to €61.7 million (approximately $72.19 million) this year, this increase is insufficient to resolve the dispute. Leading players have stated that prize money represents less than 15% of the tournament's total revenue, far below the 22% standard set by ATP and WTA tournaments.

Speaking on behalf of female tennis players, Sabalenka stated: "I think at some point we will boycott the tournament. I feel that's the only way to fight for our rights. Let's see how far we can go. Some things that are happening feel completely unfair to athletes. This competition is driven by us. Without athletes, these tournaments and entertainment wouldn't exist. So we should receive a larger share of the revenue."

World number four Coco Gauff agreed 100%, supporting a boycott for the future of the sport, particularly to help players ranked 50 to 200 who lack major sponsorship deals and many of whom struggle financially. Gauff also suggested that tennis players establish a "union" similar to the women's basketball league (WNBA), which successfully reached an agreement after lengthy negotiations.

No. 06 of Read at source → Next
Community

All-Out Fun! Domundi Invests Over 70 Million Baht to Create a Happiness Land at 'DMD LAND 3'

Domundi spent over 70 million baht on "DMD LAND 3," a two-day concert at Impact Arena in May featuring 39 artists from five generations of the label performing over 7 hours of continuous entertainment.

6 May Khaosod

Domundi invested over 70 million baht to create a happiness land in 'DMD LAND 3,' delivering a marathon of entertainment for over 7 hours to give the best gift to their fans. The grand and lavish event, led by company founder Off Kittipat Jampaa, took over Impact Arena for 2 full days with 39 artists from 5 generations of the Domundi label delivering exciting performances. The massive concert 'DMD LAND 3: THE FINAL LAND "LAND OF FUSION" CONCERT' took place on May 2-3, 2026 at Impact Arena in Muang Thong Thani, featuring over 7 continuous hours of performances with high-budget production. The show kicked off with all artists performing 'Turn Down for What,' showcasing the breadth of the label's talent across 5 generations through songs like 'Bad Angels' and 'Blinding Light.' Highlights included Nunew's mysterious flying saucer entrance and fierce 'FXCK UP THE WORLD' performance, boy group DEXX's energetic three-song medley including 'Tokyo Drift,' Poppy's sultry 'Umbrella,' Park's smooth 'Gentleman,' and Mark's playful 'Banana.' Jimmy impressed on guitar with 'About You,' while Tommy delivered the emotional 'Don't Go.' Late and Kim charmed audiences riding a Harley in 'Sapya Ga Sa Long,' while Net and JJ brought both dance and vocals to 'Thalnung,' and Riujin and Patchi had the crowd screaming with 'BF.' Mek took over as DJ with 'My Humps' as Nath showcased dance moves center stage, while Om captivated with 'Crazy in Love,' Tutor and Yim impressed with 'Kitty Swag,' and U'u and Safe kicked off their appearance with screams from opening moments.

No. 07 of Read at source → Next
National

Warning: Construction Materials Set to Rise in Q3 as Price Wars Threaten Business Closures

Construction material prices are expected to surge in Q3 2025 due to global supply shortages, with Thailand's House Builders Association warning that contractors using aggressive price-cutting strategies risk business closure without adequa

6 May Khaosod

The Thai House Builders Association (THBA), through Honorary Board Member Sithiporn Suvanasut, has released a statement analyzing the house-building industry amid geopolitical crisis. The ongoing conflict in the Persian Gulf region, now lasting over two months with no signs of resolution, is having direct negative impacts on the global and Thai economies, particularly through surging energy costs and transportation fees. The association views this as a critical warning signal for Thailand's construction industry, predicting that construction material prices will face another round of increases in Q3 2025 due to global raw material shortages and manufacturers reaching production cost limits.

"This will create immense pressure on the house-building sector that cannot be avoided," the statement warns.

The association expresses serious concern about contractors pursuing aggressive "price war" strategies by cutting prices to boost sales volume without adjusting selling prices to match actual costs. Contractors who refused to raise prices in previous rounds now face a "double-whammy" cost increase—first from already-raised costs and second from material price hikes coming in Q3. "If any company lacks sufficient financial reserves or business credit strength, they will face severe losses and risk having to close down entirely," the statement cautions.

For consumers, the association recommends extreme caution when signing construction contracts, particularly when contractors request advance payment installments exceeding contract terms while claiming the need to "lock in prices" with material manufacturers—a practice that is difficult in reality and often signals liquidity problems.

The association advises consumers to select builders based on three key standards:

1. Standardized house designs with complete and clear construction blueprints 2. Construction costs based on the company's standards, with reference prices calculated from actual costs per design, not per square meter of usable space 3. Material and equipment quality standards with detailed specifications including brand, grade, and model numbers

"These three factors are crucial indicators of whether the house and price offer reasonable quality," the statement explains. "Consumers should not be swayed by claims that construction can fit any budget with quality details settled later, as this is no different from hiring unaccredited contractors with no standards to compare against, risking hidden quality reductions."

Regarding market trends in Q2-Q3 2025, the association predicts overall market contraction due to declining purchasing power from rising living costs. However, new entrants—including small real estate developers, subdivision project contractors, architects, and engineers—are flooding into the house-building business at unprecedented rates in both Bangkok and provincial areas. "With so many new players entering while demand shrinks, this will inevitably lead to fierce competition," the statement notes.

No. 08 of Read at source → Next
National

Dr. Lab Panda Analyzes Why Private Hospitals Are Withdrawing from Gold Card Scheme

Private hospitals are withdrawing from Thailand's Gold Card health scheme due to delayed and incomplete reimbursements from the National Health Security Office, forcing them to absorb costs upfront while waiting for payment.

6 May Khaosod

Over the past 2-3 days, multiple private hospitals have announced their withdrawal from the National Health Security Scheme (Gold Card or 30-baht card), causing widespread disruption for patients. Medical technician Pakpumi Dechahsadin, who runs the popular "Dr. Lab Panda" Facebook page, recently commented on the issue, explaining: "Under the Gold Card system, hospitals must pay patients upfront and then claim reimbursement from the National Health Security Office (NHSO), which holds the funds. However, the NHSO has faced problems—making late payments and paying incomplete amounts. When private hospitals can't sustain losses, they withdraw from the scheme, but state hospitals have no choice but to continue. They're forced to absorb drug and equipment costs until reimbursement, creating cash flow problems and risking financial collapse."

No. 09 of Read at source → Next
Police

Singaporean linked to Cambodia scam network arrested in Phnom Penh

A 30-year-old Singaporean arrested in Cambodia was repatriated to Singapore for his alleged role in a scam network that defrauded victims of S$53 million across at least 535 cases.

6 May Khaosod

A 30-year-old Singaporean man accused of involvement in a Cambodia-based organised scam syndicate targeting victims in Singapore has been arrested in Phnom Penh and returned to Singapore, authorities said.

The Singapore Police Force (SPF) said Ngiam Siow Jui was arrested by the Cambodian National Police (CNP) in Phnom Penh following close cooperation and intelligence sharing between the two agencies.

Ngiam was among 34 suspects earlier sought by Singaporean authorities in connection with investigations into an organised criminal group allegedly operating from Cambodia.

He was repatriated to Singapore on 4 May and arrested upon arrival. Authorities said he will be charged in court on 6 May with facilitating the commission of a serious offence in furtherance of the illegal purpose of a locally linked organised criminal group under Singapore's Organised Crime Act 2015.

If convicted, he faces up to five years' imprisonment, a fine of up to S$100,000, or both.

According to the SPF, the syndicate is believed to be linked to at least 535 reported scam cases involving losses of around S$53 million.

The group allegedly operated from a scam compound in Phnom Penh that was disrupted during a joint operation by Singaporean and Cambodian police on 9 September 2025.

Singaporean authorities said they had previously seized assets linked to the syndicate and issued prohibition of disposal orders as part of ongoing investigations.

The SPF also announced that additional INTERPOL Red Notices were issued on 25 March against two other Singaporean men believed to be members of the syndicate.

The two suspects — Jonathan Boneta, 27, and Lee Ding Hao, 33 — are believed to be outside Singapore and remain at large.

The SPF said it would continue working closely with foreign law enforcement agencies to track down suspects involved in scams targeting victims in Singapore.

No. 10 of Read at source → Next
National

Namcha Chiranath Receives Skepticism After Sharing Mysterious Childhood UFO Encounter Experience

Thai actress Namcha Chiranath has publicly disclosed a mysterious childhood incident involving a near-alien abduction experience, which inspired her to star in the film "Khao Kala" after years away from acting. Her candid revelation came at the film's premiere, where she explained how UFO researcher Toffee encouraged her to share her experience during an era when UFO beliefs are increasingly accepted by Thai society. Namcha noted that while she faced ridicule when first discussing the incident over a decade ago, growing public acceptance has given her confidence to openly discuss the encounter and encourage viewers to watch the film based on her true story.

6 May Khaosod

Actress Namcha Chiranath Yusanant recently shared details about a mysterious childhood experience where she nearly encountered alien abduction, explaining how this pivotal moment led her to return to acting after years away through the film "Khao Kala," which draws inspiration from her personal experience. The revelation comes amid heightened societal interest in UFO beliefs and extraterrestrial phenomena.

Namecha gave a special interview at the premiere screening of "KHAO KALA" at ONE Ultra Screens, Level 5 of ONE Bangkok shopping mall. She became involved in the film after UFO researcher Toffee (Sambaht Hahsip) invited her to join the project. "Cha was one of the people who went UFO watching with Toffee. Afterward, he asked if I was interested in being part of his story since he was making the Khao Kala film. I shared the incident I experienced as a child, and that became the starting point," she explained.

Namecha admitted she wasn't initially a believer until she witnessed the phenomenon herself. She remained silent about her experience for over a decade after appearing on a talk show approximately 10-15 years ago, when the public largely dismissed her account as absurd and mocked her for it. "I lost my confidence and was seen as crazy. I decided not to talk about it anymore," she said.

However, meeting Toffee, who is serious and knowledgeable about the subject, prompted her reconsideration. Initially hesitant to revisit the topic, she eventually agreed to participate in the film. "There's something that keeps pulling me back to this experience, as if they're trying to keep connected with me," she reflected.

Namecha noted that growing social acceptance of UFO phenomena has given her more confidence to speak publicly. "At first, I faced criticism and ridicule, but now I receive supportive comments from people who share similar experiences and believe in the phenomenon," she said. She encouraged audiences to watch "Khao Kala," calling it a proud achievement of Thai filmmaking that explores genuine, intense experiences and helps answer lingering questions about extraterrestrial encounters.

No. 11 of Read at source → Next
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