In this Sunday, July, 2025, photo released by the Royal Thai Army, Thai soldiers inspect a border area in Ubon Ratchathani†province where the Royal Thai Army said two anti-personnel landmines were found. (Royal Thai Army via AP)
By JINTAMAS SAKSORNCHAI
BANGKOK (AP) — Thailand closed northeastern border crossings with Cambodia and said Wednesday it was withdrawing its ambassador and expelling the Cambodian ambassador to protest a land mine blast in which a Thai soldier lost a leg.
Cambodia responded Thursday that it was downgrading diplomatic relations with Thailand to their lowest level and recalling all Cambodian staff from its embassy in Bangkok.
Relations between the Southeast Asian neighbors have deteriorated sharply since May when a Cambodian soldier was killed in an armed confrontation in one of several small patches of land both countries claim as their own territory.
An injured Thai soldier who stepped on a land mine is airlifted to a hospital in Ubon Ratchathani province, Thailand, Wednesday, July 23, 2025. (The Royal Thai Army)
Nationalist passions on both sides have further inflamed the situation, and Thailand’s prime minister was suspended from office on July 1 to be investigated for possible ethics violations over her handling of the border dispute.
The Thai army said the land mine that wounded five soldiers Wednesday had been placed in Thailand’s Ubon Ratchathani province. Cambodia said the blast happened in its Preah Vihear province. A week earlier, a land mine in a different contested area exploded and wounded three Thai soldiers when one of them stepped on it and lost a foot.
Thai authorities have alleged the mines were newly laid along paths that by mutual agreement were supposed to be safe. They said the mines were Russian-made and not of a type employed by Thailand’s military.
In this Sunday, July, 2025, photo released by the Royal Thai Army, Thai soldiers inspect a border area in Ubon Ratchathani†province where the Royal Thai Army said two anti-personnel landmines were found. (Royal Thai Army via AP)
The army statement called on Cambodia “to take responsibility for this incident, which constitutes a serious threat to peace and stability in the border region between the two countries.” After last week’s blast, Thailand accused Cambodia of violating the Ottawa Treaty, an international pact that bans the production and use of anti-personnel land mines.
Cambodia rejected Thailand’s account as “baseless accusations.”
Defense Ministry spokesperson Lt. Gen. Maly Socheata said the land mine explosion took place on Cambodian territory and alleged Thailand had violated a 2000 agreement “regarding the use of agreed paths for patrols.”
Cambodia has denied that it laid new mines along the border, pointing out that many unexploded mines and other ordnance are a legacy of 20th century wars and unrest.
Thai soldiers inspect a border area in Ubon Ratchathani†province where the Royal Thai Army said two anti-personnel landmines were found. (Royal Thai Army via AP)
Thailand’s acting Prime Minister Phumtham Wechayachai said the Foreign Ministry would make an official protest to Cambodia, and further measures would be considered.
Cambodia’s Foreign Ministry said in a statement Thursday that it demanded all Thai diplomatic staff leave Cambodia and was recalling Cambodia staffers at the embassy in Bangkok.
Many border checkpoints had already been closed by one side or the other or operated with restrictions after relations between the neighbors deteriorated following an armed confrontation on May 28 in which one Cambodian soldier was killed in one of the contested areas.
Cambodia has banned Thai movies and TV shows, stopped the import of Thai fruits and vegetables and boycotted some of its neighbor’s international internet links and power supply. It also stopped importing fuel from Thailand.
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Associated Press writer Sopheng Cheang in Phnom Penh, Cambodia contributed to this report.
(July 4, 2025) – Bangkok is strengthening its efforts to combat HIV and sexually transmitted infections (STIs) through a new collaborative initiative.
The Bangkok Metropolitan Administration (BMA), the Ministry of Public Health (MOPH), and various partner networks have joined forces to systematically promote prevention and enhance public health.
Dr. Sunthorn Sunthornchart, Deputy Permanent Secretary for the BMA, today welcomed participants to the launch event held at King Mongkut’s Institute of Technology Ladkrabang (KMITL).
The campaign, themed “Equality with Safety: HPV x Condom – Smooth or Rough, Confident and Disease-Free,” saw the Minister of Public Health Somsak Thepsutin preside over the opening ceremony, joined by executives from several organisations.
Dr Sunthorn highlighted the collaboration between the MOPH’s Department of Disease Control, the Ministry of Higher Education, Science, Research and Innovation, and the BMA.
The partnership aims to enhance STI prevention and bolster immunity against the Human Papillomavirus (HPV).
“The Ministry of Public Health has been implementing a policy to provide HPV vaccinations to Thai women aged 11–20, both within and outside the education system,” Dr Sunthorn explained. “We’ve now expanded this to include female university students who haven’t previously been vaccinated.”
HPV is a leading cause of cervical cancer, one of the most prevalent cancers among Thai women.
“On behalf of the BMA, I’m delighted to support STI prevention and boost immunity to reduce illness and mortality from cervical cancer,” he added.
The AIDS and STIs Division of the MOPH’s Department of Disease Control, in conjunction with the BMA and its network partners, has designed the “Equality with Safety” campaign to bolster systematic HIV and STI prevention measures.
A key objective is to provide the public with convenient, rapid, and comprehensive access to HIV and STI screening, diagnosis, and care services for all target groups.
The initiative also advocates for individuals to choose prevention methods best suited to their needs.
This includes emphasising the correct and consistent use of condoms during all sexual encounters and exploring supplementary measures such as Pre-Exposure Prophylaxis (PrEP) and Post-Exposure Prophylaxis (PEP) for HIV, along with continued HPV vaccination. These steps are crucial for promoting self-care, enhancing quality of life, and ensuring safety.
Furthermore, the collaboration seeks to strengthen networks both within and outside the Ministry of Public Health to improve STI prevention efforts among young people and to raise broader social awareness about condom use.
The launch event featured numerous exhibition booths from various partner organisations, providing educational resources and promoting STI prevention. Highlights included:
Automatic vending machines from Sun Vending Co.
An HPV vaccination point by the General Communicable Diseases Division.
The Pride Clinic by the BMA Health Department.
Information on the Pao Tang App from the National Health Security Office.
The Stand by You service by Siriraj Hospital.
CU Buddy Clinic by Chulalongkorn Hospital.
The Teen Club by the Department of Health’s Bureau of Reproductive Health.
Proactive PrEP services by Mplus Foundation.
Educational material on HIV/STIs/Protection from the AIDS and STIs Division.
Insights and knowledge shared by lecturers and students from KMITL.
The event drew a diverse audience of approximately 1,000 participants, including Dr Opas Karnkawinpong, Permanent Secretary for Public Health, other MOPH executives, KMITL executives, students, youth, public health volunteers from Samut Prakan Province and Bangkok, as well as representatives from government, private, and civil society organisations.
Tourism and Sports Minister Sorawong Thienthong inspects security operations in Pattaya tourist areas aboard a mobile tourist service vehicle (CCOC Mobile) equipped with CCTV monitor screens on July 18, 2025.
BANGKOK — The Thai Hotels Association (THA) has called on the government to take immediate action to protect tourist safety as the country faces its worst tourism crisis in recent memory, with foreign visitor numbers dropping significantly in the first half of 2025.
THA President Teinprasit Chaiyapatranun revealed alarming statistics showing foreign tourist arrivals fell 4.66% to 16.68 million visitors during January-June 2025, compared to 17.5 million in the same period last year. The decline marks an unprecedented five-month consecutive downturn that has left the hospitality industry reeling.
The Asia-Pacific region, traditionally Thailand’s largest source market, experienced the steepest decline at 12.01%. China, the country’s top tourism market, saw arrivals plummet 41.94% in June alone, with a 34.13% decrease for the entire six-month period showing no signs of recovery.
CCTV monitor screens inside the mobile tourist service vehicle (CCOC Mobile) display real-time surveillance footage from multiple camera locations throughout Pattaya’s tourist areas, enabling authorities to monitor crowd activity and maintain security across key entertainment and shopping districts.
“I have never seen such a drastic drop,” Chaiyapatranun stated. “In the past, after major accidents, tourist numbers would decrease but then recover. However, this year, the decline has been continuous for five months.”
Other key Asian markets including Malaysia, South Korea, Laos, Indonesia, and Taiwan all recorded significant decreases. Even countries showing overall growth for the first half of 2025, such as the United States and Japan, experienced declines in June.
Bright spots emerged from longer-haul markets, with Oceania (Australia and New Zealand) growing 11.92%, Europe up 16.64%, and the Americas increasing 10.37%. However, these gains failed to offset losses from the crucial Asian market.
The THA president expressed frustration that while outbound travel from countries like China and Japan has increased, fewer visitors are choosing Thailand as their destination, indicating deeper structural issues affecting the kingdom’s tourism appeal.
Tourists heading to Koh Kud board boats at Laem Sok Pier in Mueang District, Trat Province, on June 28, 2025.
Following discussions with Tourism and Sports Minister Sorawong Thienthong, Chaiyapatranun acknowledged government promises of immediate action but emphasized that intervention should have come much earlier.
“The government must erase the damage to the image that has occurred and conduct proactive public relations,” he said. “We must seriously adjust now. If we don’t do anything, Thai tourism will surely face difficulties in the future.”
The association highlighted critical safety and service issues that require urgent government attention, including persistent problems with taxi drivers refusing to use meters and the need for serious crackdowns on call center gangs targeting foreign visitors.
Thai and Malaysian tourists visit the Sky Walk to view the sea of mist at Aiyerweng, Aiyerweng Subdistrict, Betong District, Yala Province on June 21, 2025.
“The most important thing is to build confidence that traveling in Thailand is safe,” Chaiyapatranun emphasized. “The government must solve the clear problems of foreign tourists being cheated in Thailand.”
The tourism crisis represents a significant challenge for Thailand’s economy, with the sector traditionally contributing approximately 12% of the country’s GDP before the pandemic. The sustained decline threatens thousands of jobs across the hospitality, transportation, and service industries.
Industry leaders are calling for comprehensive reforms to restore Thailand’s reputation as a safe and welcoming destination, warning that without decisive action, the country’s tourism sector faces an uncertain future in an increasingly competitive regional market.
Military personnel evacuate the injured soldier who stepped on a newly planted landmine from the Chong An Ma area, Nam Yuen District, Ubon Ratchathani Province on July 23, 2025.
BANGKOK — Thailand has downgraded diplomatic relations with Cambodia and recalled its ambassador following another landmine incident that resulted in a Thai soldier losing his leg on Wednesday, as the military prepares contingency war plans amid escalating border tensions.
Thai-Cambodian relations deteriorated further on July 23 after a patrol soldier stepped on a landmine, losing his leg in the latest incident along the disputed border. The Thai military responded by closing two ancient temples in the contested area and shutting down four border checkpoints, while Acting Prime Minister Phumtham Wechayachai, who also serves as Interior Minister, ordered the diplomatic downgrade.
“The government has decided to downgrade diplomatic relations by recalling the Thai ambassador to Cambodia back to Thailand and sending the Cambodian ambassador to Thailand back to his country as well. We will consider the level of relations further,” Phumtham said.
Latest Incident Claims Another Leg
According to Deputy Defense Minister General Nattapol Nakpanich, the military reported that at 4:55 p.m., a patrol unit member stepped on a landmine in the Huai Bon area at Chong An Ma, Nam Yuen District, Ubon Ratchathani Province.
The incident resulted in injuries to five Royal Thai Army personnel, with one soldier sustaining, Sergeant Phichitchai Boonkorat, suffered amputation of his right leg, and four others experiencing chest tightness and tinnitus from the blast concussion, they are now being treated at Nam Yuen Hospital.
Phumtham stated that the Foreign Ministry has already filed a protest letter, emphasizing that the incident involved newly planted mines. “We can prove that when we previously conducted patrols, there were never any mines there. But now these are all newly planted mines occurring within a similar timeframe. Therefore, we have escalated to the most appropriate level of response.”
Pattern of New Mine Plantings
This latest incident follows a July 16 landmine explosion in the Chong Bok area of Ubon Ratchathani Province that injured three Thai soldiers, including Private Thanapat Huywan, who lost his left leg.
The Royal Thai Army releases images of landmines cleared by engineers from the 2nd Army Region in suspected areas along the Thai-Cambodia border on July 20, 2025, following the injury of three Thai soldiers who stepped on landmines on July 16.
The Thai military recently briefed military attachés from 47 countries on the situation and investigation findings, confirming that the discovered landmines were newly planted. The Foreign Ministry condemned the act as a clear violation of Thai sovereignty and territorial integrity, breaching fundamental principles of international law enshrined in the UN Charter and the Anti-Personnel Mine Ban Convention.
Military Escalation and Border Closures
Following the latest incident, Lieutenant General Boonsin Padklang, Commander of the 2nd Army Area, ordered escalated countermeasures against Cambodia. These measures include closing Ta Muen Thom Temple and Ta Khwai Temple, as well as shutting down four border checkpoints: Chong Chom, Chong Sai Taku, Chong An Ma, and Chong Sa-ngam.
The Royal Thai Army also condemned the Cambodian side for the incident involving the covert placement of landmines in the border area.
Army Prepares War Contingency Plans
Due to the continuous losses, Army Commander General Pana Klaewplodtook has ordered the 2nd and 1st Army Areas, responsible for the Thai-Cambodian border region, to prepare the “Chakraphong Phuwanat” plan — a war readiness strategy — to address problems along the Thai-Cambodian border.
On July 24, General Pana, accompanied by Lieutenant General Chaipruek Duangpraphat (Deputy Army Chief), Lieutenant General Boonsin Padklang (2nd Army Area Commander), and Major General Theeranant Nantkhwang (Military Intelligence Unit Commander), will inspect the Chong An Ma area.
FILE — His Majesty the King and Her Majesty the Queen, accompanied by Her Royal Highness Princess Sirivannavari Nariratana Rajakanya, receive Chinese President Xi Jinping during his state visit to Thailand at the Grand Palace on November 18, 2022.
BANGKOK — Thailand’s King Vajiralongkorn and Queen Suthida will make a historic state visit to China later this year to commemorate the 50th anniversary of diplomatic relations between the two nations, Chinese Chargé d’Affaires Wu Zhiwu announced during a celebration event in Bangkok.
The royal visit, eagerly anticipated by the Chinese people, represents a pinnacle moment in the golden jubilee celebrations that have been taking place across Thailand and China throughout July.
Speaking at the “Exclusive Dinner Talk: 50 Years of Thailand-China, The Golden Road: From Now to Forever” event organized by the Matichon Group at the Queen Sirikit National Convention Centre on July 22, Wu emphasized how the relationship has been nurtured by the highest levels of leadership in both countries, particularly the Thai royal family.
In reciprocal diplomatic courtesy, Chinese leadership is also expected to visit Thailand this year as part of the Mekong-Lancang Cooperation Summit, highlighting the continued evolution of what has grown from strategic cooperation in 2001 to a comprehensive strategic cooperative partnership since 2012.
Chinese Chargé d’Affaires Wu Zhiwu delivers a speech on “Thai-Chinese Cooperation for a Sustainable Future” at the “50 Years of Thailand-China, The Golden Road: From Now to Forever” event at the Queen Sirikit National Convention Centre on July 22, 2025.
In the Middle of An Ocean of Friendship
The announcement comes as both nations mark five decades of diplomatic ties that began in July 1975, with Wu describing the relationship as one between “good neighbours, good friends, good relatives and good partners” — echoing President Xi Jinping’s words during his 2022 visit to Thailand.
Wu noted that the two countries had jointly organized various commemorative events. In Beijing, China hosted a Thai National Day event in cooperation with the Thai Embassy, while in Bangkok, the Chinese Embassy held an event with the Thai Ministry of Foreign Affairs on June 30.
Praising Matichon’s “Golden Feast 2025: One Hundred Thai-Chinese Stories” for its diversity and rich content, Wu said: “This event made me feel like I was in the middle of an ocean of friendship.”
Wu emphasized that Thailand and China have weathered global changes and crises together over the past five decades, strengthening their relations and demonstrating their genuine friendship.
Chinese Chargé d’Affaires Wu Zhiwu attends the “50 Years of Thailand-China, The Golden Road: From Now to Forever” event at the Queen Sirikit National Convention Centre on July 22, 2025.
Grow in Thailand, Contribute to Thailand
In business relations, Wu highlighted that Charoen Pokphand Group was the first foreign company to invest in China after the reform and opening-up policy. Dhanin Chearavanont’s decision to promote cooperation with China brought in capital, modern technology and service models — a move that has proven visionary fifty years later.
Today, many Chinese companies are seeking strategic cooperation with Thailand, especially in areas such as the digital economy, green development and energy. Huawei, for example, has teamed up with Thai companies to make Thailand the first ASEAN nation to roll out 5G communications.
Numerous Chinese companies have set up operations in Thai industrial zones, creating hundreds of thousands of jobs. Many of these companies operate under the motto: “Grow in Thailand, contribute to Thailand.”
Chinese Chargé d’Affaires Wu Zhiwu delivers a speech on “Thai-Chinese Cooperation for a Sustainable Future” at the “50 Years of Thailand-China, The Golden Road: From Now to Forever” event at the Queen Sirikit National Convention Centre on July 22, 2025.
Cooperation in International Affairs
Beyond economics, Wu also highlighted strong cooperation in international affairs, noting that both countries share similar positions on many issues. Thailand supports China’s Belt and Road Initiative, while China supports Thailand’s Bio-Circular-Green (BCG) economic model and the Mekong-Lancang Cooperation Mechanism. The two countries are also cooperating in the fight against cross-border crime, with remarkable results.
Wu concluded that while fifty years is only a brief moment in history, it represents a source of great pride. “Every step forward in our relations is the result of joint efforts and unwavering determination. The past 50 years spur both countries to move forward and build a common future.”
“We don’t know what obstacles lie ahead, but one thing is clear: China and Thailand will continue to work together shoulder to shoulder on this path, from now until eternity,” Wu said.
CP Foods Chief Executive Officer Prasit Boondoungprasert (left) and French Ambassador to Thailand H.E. Jean-Claude Poimboeuf shake hands at the launch of Bucher's "Classic French Salami" series at C.P. Tower Silom Building on July 23, 2025.
BANGKOK — Charoen Pokphand Foods Public Company Limited (CP Foods) is launching premium French cold cuts under its Bucher brand at select 7-Eleven stores nationwide starting July 31, marking the first time authentic French salami will be available through Thailand’s convenience store channel.
The Thai food giant will introduce two imported products from renowned French producer Montagne Noire: Bucher Rosette Salami and Bucher Chorizo, retailing at 59 baht per 30-gram pack. The move represents CP Foods’ strategic expansion into the premium ready-to-eat meat segment, targeting urban consumers and international visitors.
Strategic Market Positioning
The launch leverages Bucher’s established position as Thailand’s leading premium sausage brand, extending its portfolio with the new “Classic French Salami” series. The products feature authentic French recipes delivering bold aroma, firm texture, and rich flavor profiles in convenient grab-and-go packaging.
CP Foods is initially targeting high-potential markets including Phuket, Pattaya, and major cities with substantial expatriate and international visitor populations, capitalizing on demand for premium European delicacies.
Distribution Partnership
The convenience store rollout represents a significant channel expansion for premium cold cuts in Thailand’s retail landscape. The partnership with 7-Eleven provides CP Foods access to the country’s most extensive convenience store network, potentially reaching millions of daily customers.
“This marks the first time authentic French salami has been introduced into a convenience store format like 7-Eleven in Thailand,” the company stated, highlighting its strategic move to democratize access to premium imported products.
Product Launch Details
The official launch event took place July 23 at C.P. Tower Silom Building, with H.E. Jean-Claude Poimboeuf, Ambassador of France to Thailand, and Prasit Boondoungprasert, Chief Executive Officer of CP Foods, co-presiding over the ceremony.
As part of the market introduction strategy, both products will be available at promotional pricing of 49 baht per pack from July 31 through August 7, 2025, at participating 7-Eleven outlets—a 17% discount from the regular retail price.
Supplier Credentials
The salami products are manufactured by Montagne Noire, a leading French cold-cut producer recognized for quality, sustainability and social responsibility commitments. Despite industrial-scale operations, the company maintains strong credibility across European and Asian retail networks.
Montagne Noire’s products carry France’s Red Label certification, signifying adherence to elevated production and taste standards backed by consumer validation. This quality assurance aligns with CP Foods’ premium positioning strategy in the Thai market.
The launch reflects broader trends in Thailand’s food retail sector, where consumers are increasingly seeking authentic international products and premium convenience options.
Rescue workers treat an injured Western tourist who fell after attacking a motorcycle taxi driver who intervened, Soi Buakhao, Pattaya, July 23, 2025.
PATTAYA — Two separate incidents in Pattaya have left local residents injured after intervening in disputes between foreign tourists and local service providers, highlighting ongoing tensions in the popular tourist destination.
The most recent incident occurred at 4:06 a.m. on July 23 in the middle of Soi Buakhao, South Pattaya, Nong Prue Subdistrict, Bang Lamung District, Chonburi Province. Police patrol officers from Pattaya City Station and rescue volunteers found a foreign tourist, approximately 50 years old, with a severe head injury and bleeding profusely on the roadside.
According to witnesses, they observed the Western tourist arguing with a transgender sex worker. When locals attempted to intervene and calm the situation, the foreign tourist allegedly became aggressive. A motorcycle taxi driver who tried to help was punched in the face.
The driver then retaliated, and other bystanders joined in to assist, resulting in the foreigner falling and sustaining head injuries. Emergency responders provided first aid before rushing the injured tourist to hospital.
Video screenshot capturing the altercation between a foreign tourist and a transgender woman in Soi Buakhao, Pattaya, July 23, 2025.
The transgender woman involved, identified as 38-year-old Panya, told police she was trying to escape from the foreign tourist who was pursuing her. She said the motorcycle taxi driver, who was unaware of the situation, simply tried to intervene but was attacked by the foreigner with an object, escalating the conflict.
Police have collected video evidence from citizens and are reviewing CCTV footage as part of their investigation.
Anuwat, 25, the motorcycle taxi driver later filed a complaint with police, stating he was one of those attacked by the foreigner first. Meanwhile, the foreign man remains hospitalized at Pattaya Phatmakun Hospital due to his head injuries and is still disoriented, unable to give a statement or travel to file a complaint.
Hotel Security Guard Attacked
In a similar incident on July 21 at 1:06 a.m., a hotel security guard in Central Pattaya was struck in the head and left bloodied while trying to break up a dispute between a foreign tourist and a Thai woman.
Rescue workers bandage the head of a hotel security guard who was hit with a phone by a Thai woman during her dispute with a foreign tourist in Central Pattaya, July 21, 2025.
Visuwat Kuibutr, 37, a hotel security employee, was attacked by a Thai woman aged approximately 30-40 years whom the foreigner had brought from Pattaya Beach. The dispute arose over disagreement on service fees, with the argument taking place loudly on the third floor of the hotel.
When Visuwat went upstairs to intervene and asked them to move their discussion downstairs to avoid disturbing other guests, the woman became angry, grabbed a mobile phone, and struck him on the head before fleeing.
Both cases remain under police investigation as authorities work to address the escalating tensions in the tourist area.
FILE -New Toyota vehicles are stored at the Toyota Logistics Service Inc., an imports processing facility at the Port of Long Beach in Long Beach, Calif., Wednesday, March 26, 2025. President Donald Trump said Wednesday he was placing 25% tariffs on auto imports. (AP Photo/Damian Dovarganes)
WASHINGTON/TOKYO – Japan and the United States have reached a trade deal under which 15 percent tariffs will be imposed on Japanese autos and other products, lower than initially proposed by President Donald Trump, who touted the agreement between the longtime allies as historic.
The deal, first announced by Trump on Tuesday, capped off rounds of bilateral negotiations in which export-reliant Japan sought to reach a mutually beneficial agreement ahead of an Aug. 1 deadline for the imposition by Washington of a “reciprocal” 25 percent tariff on Japanese goods.
Japan will increase imports of U.S. rice within its “minimum access” quota, a framework in line with World Trade Organization rules, Japanese Prime Minister Shigeru Ishiba said.
Vitai Ratanakorn speaks at a high-level business journalism development program at the Economic Reporters Association office in Bangkok on July 19, 2025.
BANGKOK — Financial markets responded favorably to reports that Witthai Ratanakorn, the veteran Managing Director of the Government Savings Bank, is set to be appointed as the new Governor of the Bank of Thailand (BOT), with the stock market index posting gains following the news.
Government Spokesperson Jirayu Huangsap announced on July 22 that the Cabinet officially appointed Mr Vitai Ratanakorn, the current President of the Government Savings Bank (GSB), as the 25th Governor of the Bank of Thailand. He will succeed Dr Sethaput Suthiwartnarueput, the 24th Governor of the BoT, whose term of office expires at the end of September 2025.
According to the Finance Minister’s proposal, Ratanakorn possesses the necessary knowledge, capabilities, and experience in economics and banking, meeting all legal qualifications as required by law.
On 19 July, Ratanakorn took part in a high-level business journalism development program in which he addressed the fragile state of the Thai economy, citing several risk factors, including the weak performance of exports and tourism as well as external shocks such as US tariffs.
photo by Matichon
At the same time, he pointed out that Thailand is still struggling with long-standing structural problems, such as high household debt, income inequality, an ageing population and political uncertainty.
“Today we have to accept that Thailand’s economy is not in good shape. What is worrying is the risk of prolonged stagnation due to deep-rooted structural problems, including competitiveness, social issues and political instability, which require the co-operation of all sectors, not just one agency,” he said.
Ratanakorn believes that revitalising the economy cannot be based on a single policy instrument, but rather requires an integrated effort from all relevant sectors to adopt realistic and implementable measures that will ease the burden on the public and create the conditions for new growth.
“The key is to maintain macroeconomic stability while striving for sustainable economic growth.”
Personal Background
Vitai Ratanakorn was raised in a family with strong roots in both economics and law. His mother, Sirilak Ratanakorn, was the first female Managing Director of the Stock Exchange of Thailand (SET), serving from 1982 to 1985, while his father, Sophon Ratanakorn, was a former Permanent Secretary of the Ministry of Justice.
Vitai Ratanakorn, 54, is currently President of the Government Savings Bank.
This background contributed significantly to Ratanakorn’s development of robust management skills and leadership acumen.
In terms of education, he holds one bachelor’s degree and three master’s degrees. He earned a bachelor’s degree in economics from Thammasat University, a master’s degree in political economy from Chulalongkorn University, a master’s degree in business law from Chulalongkorn University, and a master’s degree in finance from Drexel University in the United States.
Career Highlights
Phatra Securities
Government Pension Fund (GPF)
Chief Financial Officer (CFO), Nok Air Public Company Limited
Deputy President, Government Savings Bank, overseeing business and public sector clients
Head of Investment and Financial Management (CFO), GSB
Acting President, Islamic Bank of Thailand (IBank)
Secretary-General, Government Pension Fund Board
President, Government Savings Bank (GSB)
Established Track Record in Financial Sector
According to Prachachat Business report, Ratanakorn, a well-known figure in both financial and government circles, has led the Government Savings Bank since 2020. During his tenure, he transformed the institution into what he termed a “Social Bank,” shifting its focus toward supporting the general public, small and medium enterprises (SMEs), and grassroots communities on a non-profit basis.
His approach of aligning operations with government policy across different administrations, combined with his willingness to make bold and unconventional decisions, has earned him widespread recognition in the sector.
Vitai Ratanakorn
Economists Anticipate Policy Shift
Market analysts expect the new leadership to bring a softer monetary policy stance. Burin Adulwattana, Managing Director and Chief Economist at Kasikorn Research Center, predicts the incoming governor will be “more open to aggressive interest rate cuts.”
“We expect to see interest rates cut 1-2 more times this year,” Adulwattana said, though he noted that immediate changes may be limited as the new governor is scheduled to begin work on October 1.
Calls for Improved Communication and Coordination
Financial experts are also hoping for changes in how the central bank communicates with the public. Adulwattana emphasized the need for “communication that ordinary people can understand more easily, not overly academic,” while suggesting that policy disagreements should be kept within meeting rooms rather than aired publicly to maintain investor confidence.
Dr. Pipat Luengnaruemitchai, Chief Economist at Kiatnakin Phatra Financial Group (KKP), stressed the importance of policy coordination between the government and central bank. He called for an approach similar to Japan’s Abenomics, featuring genuine collaboration to address Thailand’s economic challenges.
“Interest rate cuts alone or lending alone cannot help much,” Dr. Pipat said. “There must be policy coordination… to pull the country out of the hole.”
Market Response Signals Confidence
The positive market reaction to Ratanakorn’s expected appointment suggests investor confidence in his ability to navigate Thailand’s current economic challenges while maintaining the delicate balance between supporting growth and ensuring financial stability.
The new governor will face the task of steering monetary policy amid ongoing global economic uncertainties and domestic pressures for economic stimulus.
FILE - Ozzy Osbourne arrives at the 62nd annual Grammy Awards at the Staples Center on Jan. 26, 2020, in Los Angeles. (Photo by Jordan Strauss/Invision/AP, File)
Ozzy Osbourne, the gloomy, demon-invoking lead singer of the pioneering band Black Sabbath who became the throaty, growling voice — and drug-and-alcohol ravaged id — of heavy metal, died Tuesday, just weeks after his farewell show. He was 76.
“It is with more sadness than mere words can convey that we have to report that our beloved Ozzy Osbourne has passed away this morning. He was with his family and surrounded by love. We ask everyone to respect our family privacy at this time,” a family statement from Birmingham, England, said. In 2020, he revealed he had Parkinson’s disease after suffering a fall.
Either clad in black or bare-chested, the singer was often the target of parents’ groups for his imagery and once caused an uproar for biting the head off a bat. Later, he would reveal himself to be a doddering and sweet father on the reality TV show “The Osbournes.”
FILE – Singer Ozzy Osbourne performs during halftime of an NFL football game between the Los Angeles Rams and the Buffalo Bills in Inglewood, Calif., Sept. 8, 2022. (AP Photo/Ashley Landis, File)
The Big Bang of heavy metal
Black Sabbath’s 1969 self-titled debut LP has been likened to the Big Bang of heavy metal. It came during the height of the Vietnam War and crashed the hippie party, dripping menace and foreboding. The cover of the record was of a spooky figure against a stark landscape. The music was loud, dense and angry, and marked a shift in rock ’n’ roll.
The band’s second album, “Paranoid,” included such classic metal tunes as “War Pigs,” “Iron Man” and “Fairies Wear Boots.” The song “Paranoid” only reached No. 61 on the Billboard Hot 100 but became in many ways the band’s signature song. Both albums were voted among the top 10 greatest heavy metal albums of all time by readers of Rolling Stone magazine.
“Black Sabbath are the Beatles of heavy metal. Anybody who’s serious about metal will tell you it all comes down to Sabbath,” Dave Navarro of the band Jane’s Addiction wrote in a 2010 tribute in Rolling Stone. “There’s a direct line you can draw back from today’s metal, through Eighties bands like Iron Maiden, back to Sabbath.”
Sabbath fired Osbourne in 1979 for his legendary excesses, like showing up late for rehearsals and missing gigs. “We knew we didn’t really have a choice but to sack him because he was just so out of control. But we were all very down about the situation,” wrote bassist Terry “Geezer” Butler in his memoir, “Into the Void.”
Osbourne reemerged the next year as a solo artist with “Blizzard of Ozz” and the following year’s “Diary of a Madman,” both hard rock classics that went multiplatinum and spawned enduring favorites such as “Crazy Train,” “Goodbye to Romance,” “Flying High Again” and “You Can’t Kill Rock and Roll.” Osbourne was twice inducted to the Rock & Roll Hall of Fame — once with Sabbath in 2006 and again in 2024 as a solo artist.
FILE – Ozzy Osbourne performs during the Commonwealth Games closing ceremony at the Alexander stadium in Birmingham, England, Aug. 8, 2022. (AP Photo/Alastair Grant, File)
The original Sabbath lineup reunited for the first time in 20 years in July 2025 in the U.K. for what Osborne said would be his final concert. “Let the madness begin!” he told 42,000 fans.
Metallica, Guns N Roses, Slayer, Tool, Pantera, Gojira, Alice in Chains, Lamb of God, Halestorm, Anthrax, Rival Sons and Mastodon all did sets. Tom Morello, Aerosmith’s Steven Tyler, Billy Corgan, Ronnie Wood, Travis Barker, Sammy Hagar and more made appearances. Actor Jason Momoa was the host for the festivities.
“Black Sabbath: we’d all be different people without them, that’s the truth,” said Pantera singer Phil Anselmo. “I know I wouldn’t be up here with a microphone in my hand without Black Sabbath.”
Outlandish exploits and a classic look
Osbourne embodied the excesses of metal. His outlandish exploits included relieving himself on the Alamo, snorting a line of ants off a sidewalk and, most memorably, biting the head off the live bat that a fan threw onstage during a 1981 concert. (He said he thought it was rubber.)
Osbourne was sued in 1987 by parents of a 19-year-old teen who died by suicide while listening to his song “Suicide Solution.” The lawsuit was dismissed. Osbourne said the song was really about the dangers of alcohol, which caused the death of his friend Bon Scott, lead singer of AC/DC.
Then-Cardinal John J. O’Connor of New York claimed in 1990 that Osbourne’s songs led to demonic possession and even suicide. “You are ignorant about the true meaning of my songs,” the singer wrote back. “You have also insulted the intelligence of rock fans all over the world.”
Audiences at Osbourne shows could be mooned or spit on by the singer. They would often be hectored to scream along with the song, but the Satan-invoking Osbourne would usually send the crowds home with their ears ringing and a hearty “God bless!”
He started an annual tour — Ozzfest — in 1996 after he was rejected from the lineup of what was then the top touring music festival, Lollapalooza. Ozzfest has gone on to host such bands as Slipknot, Tool, Megadeth, Rob Zombie, System of a Down, Limp Bizkit and Linkin Park.
FILE – Rock singer Ozzy Osbourne poses for a photo in Los Angeles on Dec. 21, 1981. (AP Photo/Douglas Pizac, file)
Osbourne’s look changed little over his life. He wore his long hair flat, heavy black eye makeup and round glasses, often wearing a cross around his neck. In 2013, he reunited with Black Sabbath for the dour, raw “13,” which reached No. 1 on the U.K. Albums Chart and peaked at No. 86 on the U.S. Billboard 200. In 2019, he had a Top 10 hit when featured on Post Malone’s “Take What You Want,” Osbourne’s first song in the Top 10 since 1989.
In 2020, he released the album “Ordinary Man,” which had as its title song a duet with Elton John. “I’ve been a bad guy, been higher than the blue sky/And the truth is I don’t wanna die an ordinary man,” he sang. In 2022, he landed his first career back-to-back No. 1 rock radio singles from his album “Patient Number 9,” which featured collaborations with Jeff Beck, Eric Clapton, Mike McCready, Chad Smith, Robert Trujillo and Duff McKagan. It earned four Grammy nominations.
At the Rock & Roll Hall of Fame induction ceremony in 2024, Jack Black called him “greatest frontman in the history of rock ‘n’ roll” and “the Jack Nicholson of rock.” Osbourne thanked his fans, his guitarist Randy Rhoads and his longtime wife, Sharon.
The beginnings of Black Sabbath
John Michael Osbourne was raised in the gritty city of Birmingham, England. Kids in school nicknamed him Ozzy, short for his surname. As a boy, he loved the Four Seasons, Chuck Berry and Little Richard. The Beatles made a huge impression.
“They came from Liverpool, which was approximately 60 miles north of where I come from,” he told Billboard. “So all of a sudden it was in my grasp, but I never thought it would be as successful as it became.”
In the late 1960s, Osbourne had teamed up with Butler, guitarist Tony Iommi and drummer Bill Ward as the Polka Tulk Blues Band. They decided to rename the band Earth, but found to their dismay there was another band with that name. So they changed the name to the American title of the classic Italian horror movie “I Tre Volti Della Paura,” starring Boris Karloff: Black Sabbath.
Once they found their sludgy, ominous groove, the band was productive, putting out their self-titled debut and “Paranoid” in 1970, “Master of Reality” in 1971, “Vol. 4” in 1972 and “Sabbath Bloody Sabbath” in 1973.
The music was all about industrial guitar riffs and disorienting changes in time signatures, along with lyrics that spoke of alienation and doom. “People think I’m insane because I am frowning all the time,” Osbourne sang in one song. “All day long I think of things but nothing seems to satisfy/Think I’ll lose my mind if I don’t find something to pacify.”
The Guardian newspaper in 2009 said the band “introduced working-class anger, stoner sludge grooves and witchy horror-rock to flower power. Black Sabbath confronted the empty platitudes of the 1960s and, along with Altamont and Charles Manson, almost certainly helped kill off the hippy counterculture.”
After Sabbath, Osbourne had an uncanny knack for calling some of the most creative young guitarists to his side. When he went solo, he hired the brilliant innovator Rhoads, who played on two of Osbourne’s finest solo albums, “Blizzard of Ozz” and “Diary of a Madman.” Rhoads was killed in a freak plane accident in 1982; Osbourne released the live album “Tribute” in 1987 in his memory.
Osbourne then signed Jake E. Lee, who lent his talents to the platinum albums “Bark at the Moon” and “The Ultimate Sin.” Hotshot Zakk Wylde joined Osbourne’s band for “No Rest for the Wicked” and the multiplatinum “No More Tears.”
“They come along, they sprout wings, they blossom, and they fly off,” Osbourne said of his players in 1995 to The Associated Press. “But I have to move on. To get a new player now and again boosts me on.”
Courting controversy — and wholesomeness
Whomever he was playing with, Osbourne wasn’t likely to back down from controversy. He had the last laugh when the TV evangelist the Rev. Jimmy Swaggart in 1986 lambasted various rock groups and rock magazines as “the new pornography,” prompting some retailers to pull Osbourne’s album.
When Swaggart later was caught with a sex worker in 1988, Osbourne put out the song “Miracle Man” about his foe: “Miracle man got busted/miracle man got busted,” he sang. “Today I saw a Miracle Man, on TV cryin’/Such a hypocritical man, born again, dying.”
Much later, a whole new Osbourne would be revealed when “The Osbournes,” which ran on MTV from 2002-2005, showed this one-time self-proclaimed madman drinking Diet Cokes as he struggled to find the History Channel on his new satellite television or warning his kids not to smoke or drink before they embarked on a night on the town.
Later, he and his son Jack toured America on the travel show “Ozzy & Jack’s World Detour,” where the pair visited such places as Mount Rushmore and the Space Center Houston. Osbourne was honored in 2014 with the naming of a bat frog found in the Amazon that makes high-pitched, batlike calls. It was dubbed Dendropsophus ozzyi.
He also met Queen Elizabeth II during her Golden Jubilee weekend. He was standing next to singer-actor Cliff Richard. “She took one look at the two of us, said ‘Oh, so this is what they call variety, is it?’ then cracked up laughing. I honestly thought that Sharon had slipped some acid into my cornflakes that morning,” he wrote in “I Am Ozzy.”
Thelma Riley and Osbourne married in 1971; Osbourne adopted her son Elliot Kingsley, and they had two more children, Jessica and Louis. Osbourne later met Sharon, who became her own celebrity persona, when she was running her father’s Los Angeles office. Her father was Don Arden, a top concert promoter and artist manager. She went to Osbourne’s hotel in Los Angeles to collect money, which Osbourne had spent on drugs.
“She says she’ll come back in three days and I’d better have it. I’d always fancied her and I thought, ‘Ah, she’s coming back! Maybe I have a chance.’ I had pizza hanging from my hair, cigarette ashes on my shirt,” he told the Los Angeles Times in 2000. They married in 1982, had three children — Kelly, Aimee and Jack — and endured periodic separations and reconciliations.