At 9:00 AM on May 12, 2025 at Government House, Deputy Prime Minister Pakarun Nilpraphan addressed concerns from the opposition about challenging the 400 billion baht emergency decree in the Constitutional Court. He stated that the government must carefully consider each decree issuance, as a Constitutional Court rejection would nullify it retroactively and create complications. The government is confident the measure maintains genuine economic security and meets urgent necessity requirements, citing insufficient existing funds despite thorough reviews by the Finance Ministry and Budget Bureau. Current uncertainties, including ongoing regional conflicts, necessitate the decree. Pakarun clarified that the law remains enforceable and projects will proceed unless the court orders otherwise. The government will submit the decree to Parliament for approval while awaiting the court's decision within 60 days. Regarding constitutional compliance, Pakarun explained that the 400 billion baht divides into two components that are interchangeable, serving dual simultaneous purposes: emergency relief and energy transition, which he characterized as inseparable objectives requiring parallel implementation. He referenced previous constitutional interpretations, noting that the 1997 Constitution examined only economic security without considering urgency, while the 2007 Constitution required both conditions—a standard that created complications during the Abhisit Vejjajiva administration and contradictions during Yingluck Shinawatra's government regarding her 2 trillion baht infrastructure investment. The 2017 Constitution reverted to the 1997 standard, examining only economic security while trusting the government's assessment of urgency, as the Finance Ministry functions as the nation's financial custodian.

Global Power Synergy (GPSC) reported first-quarter 2025 net profit of 1.72 billion baht, representing a 51% increase from the same period last year and a 15% jump from the previous quarter, according to CEO Vorawat Pithyasiri. EBITDA stood at 4.43 billion baht, up 6% sequentially, reflecting the company's ability to manage its business portfolio efficiently despite ongoing volatility in the energy sector.

The company maintained its core business strength while controlling financial costs, operational expenses, and continuously improving asset efficiency. Small Power Producer (SPP) business segment saw improved electricity and steam sales to industrial customers, with electricity sales rising 3% year-over-year and steam sales increasing 9%, reflecting steady industrial energy demand.

Investment in foreign operations continues as a key growth driver. The Xayaburi hydroelectric plant in Laos (XPCL) benefited from increased water volume and successful debt restructuring that reduced financing costs. The offshore wind farm in Taiwan (CFXD) adjusted seasonally but recognized revenue from wind turbine availability guarantees.

Renewable energy projects in India through Awada Energy Private Limited (AEPL) progressed on schedule, with approximately 1,099 megawatts of new capacity becoming commercially operational in Q1 2025, enhancing the company's international renewable portfolio. GPSC aims to achieve sustainable growth through operational excellence, investment portfolio management, and expansion of clean energy businesses both domestically and internationally, strengthening financial performance and shareholder returns while positioning itself as an innovation leader in the PTT Group's future energy initiatives.

Deputy Prime Minister and Foreign Minister Srettha Thavisin gave an interview before a cabinet meeting on May 12 at Government House regarding the review of the tourist free visa policy. He stated that the Foreign Ministry believes the current 60-day duration for tourist free visas may be excessive, as some people may enter under this visa not for tourism but for residence, making stricter oversight necessary.

This matter was prepared for proposal during the Anutin government but was postponed during the election period. It is now being expedited through the cabinet secretariat, which must consult with relevant agencies. However, he expressed confidence there would be no major obstacles since the visa committee, chaired by the Foreign Ministry with participation from relevant agencies, is already reviewing the matter.

Thavisin mentioned discussing with the Prime Minister on May 11 that numerous visas are currently being promoted by various agencies. While some serve good purposes—such as expert visas or soft power visas—some may exceed necessity, requiring a review of the criteria and their actual needs.

When asked when consolidated visa guidelines would be finalized, Thavisin indicated that the immediate priority is the tourist free visa issue, particularly following the Chinese national case. He clarified that this review was planned before recent incidents, not because of them. The government will also examine the overall visa landscape to determine which categories are necessary and whether consolidation is possible.

Regarding whether the Chinese national case would lead to reduced or eliminated free visa status, Thavisin stated the government does not target specific nationalities but focuses on activities that may create problems for Thailand. Any visa issued should have an appropriate duration suitable for tourism—likely not exceeding 30 days—with criteria aligned to the visa's purpose. He emphasized the government is not discriminatory but must be strict with anyone engaging in undesirable activities, especially those posing security threats, citing the case of the Chinese national who was arrested.

Deputy Prime Minister and Foreign Minister Srettha Thavisin gave an interview at Government House before a Cabinet meeting regarding his appointment as chairman of the government's special committee to address southern border province issues. He stated that resolving problems in the southern border provinces requires integrated cooperation, with peace talks serving as one avenue among several important strategies including area development, identity issues, local development, and justice reform. "It's time for all efforts to move in the same direction," Srettha said, including dialogue with insurgent groups and addressing political issues through conversations with local communities. When asked if this approach represents civilian control over the military, Srettha responded that it involves political, military, and international dimensions—particularly involving Malaysia—but emphasized that unified direction remains paramount. Regarding whether peace talks are a new approach, Srettha clarified that while dialogue with such groups is part of the solution, it is not the complete answer. He stressed that any southern border strategy must be people-centered, and the government will coordinate efforts while recognizing that peace talks represent only one component of the comprehensive solution needed.

National Police Chief General Kittirat Panthapetch has ordered police in all areas to conduct intensive sweeps targeting foreigners engaged in criminal activity, according to Deputy National Police Commander Trairot Pichinan. The campaign will focus on preventing cross-border crime, illegal immigration, use of Thailand as a transit point, unlawful employment of foreigners, and illegal businesses operated through nominee arrangements that impact public safety and national stability.

The operation will be implemented in three phases:

1. Urgent three-month "X-ray sweep" phase: All police units will compile databases of foreign residents in their jurisdictions and identify target groups involved in drug trafficking, economic crimes, tax evasion, technology-related offenses, organized smuggling networks, human trafficking, and national-level trafficking routes. Police will conduct targeted raids on areas with concentrated foreign populations and enforce laws strictly, with arrests pursued in all cases. The National Police Office's Center for Combating Transnational Criminals will coordinate with related agencies including the Commerce Ministry, Finance Ministry, the Anti-Money Laundering Office, Bank of Thailand, Customs Department, Revenue Department, and Land Department to implement coordinated operations across policy and provincial levels.

2. Medium-term "root and branch" phase (6-9 months): The Immigration Bureau will work with other agencies to verify foreign databases, validate documents and visas, and review foreign business operations. Metropolitan and provincial police will collaborate with local security agencies to enforce immigration laws and consider revoking residence permits. Authorities will also study relevant laws and propose amendments to strengthen enforcement and close legal loopholes exploited by foreign criminals. Officials will investigate extended criminal networks thoroughly, and take disciplinary action against any state officials involved in these schemes.

3. Long-term sustainability measures focusing on continuous operations targeting illegal immigration and organized criminal networks.

The Gold Traders Association announced today, May 12, 2025, that gold prices have surged significantly. Act quickly and make your decision. Compared to yesterday's closing price, ornamental gold is selling at 73,250 baht per baht weight.

Today's gold price has jumped strongly by 850 baht compared to the final price on May 11. Ornamental gold is selling at 73,250 baht per baht, according to the latest information from the Gold Traders Association released through their website at 9:07 AM.

Gold bars have a domestic buying price of 72,250 baht per baht and a selling price of 72,450 baht per baht according to the first announcement.

For 96.5% ornamental gold, the buying price is 70,812.36 baht per baht and the selling price is 73,250 baht per baht. Meanwhile, the global gold spot market (Gold Spot) is trading at 4,728.50 USD per ounce.

Today's Gold Prices Summary, May 12, 2025 - First Announcement Gold Bars: Buy 72,250 baht/baht, Sell 72,450 baht/baht Ornamental Gold: Buy 70,812.36 baht/baht, Sell 73,250 baht/baht

Gold traders predict that tomorrow's opening will see gold prices surge by 1,000-2,000 baht per baht, potentially breaking through 80,000 baht. Traders recommend considering when to buy gold, citing various market trend factors affecting gold prices.