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Phuket Police Arrest Motorbike Rider Who Molests German Woman

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A 38 years old German tourist reported to the Phuket City Police Station on February 26, 2024.

PHUKET – Miss Bita, 38 years old, of German nationality from Hamburg, reported to the Phuket City Police Station at 4:26 a.m. on February 26 that she had been molested by a Thai motorbike taxi rider.

She went around Phuket Old Town’s walking street on Sunday night until 12:45 a.m. on Monday, when she contacted a motorbike taxi rider to take her back to the hotel. That rider called the hotel and asked for directions and the address.

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A good samaritan helped a German woman escape from the threat of the rider.

On the way to the residence, the rider turned around and asked her name. He kissed her cheek before taking her hand to his genital area, which she quickly retracted. But the motorcyclist tried it again; he also reached inside and grasped her private parts. Being shocked, she jumped out of the car and was injured.

At that point, the rider halted his motorbike and approached her, but fortunately, a good samaritan arrived to assist. The rider then fled instantly.

The hotel officials discovered this motorcycle driver’s phone number when he called to inquire about the hotel address. The cops quickly tracked the suspect. They said that his actions bring shame to Phuket province.

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Police officers arrested an 18-year-old suspect on Monday afternoon, February 26, 2024.

In the afternoon, police officers then arrested Mr. Phongpat, an 18-year-old from Nakhon Si Thammarat Province, inside a rental house in Surin Soi 2, Talat Yai Subdistrict, Mueang District, Phuket Province.

The German tourist cried and couldn’t accept what had happened while waiting for the accused to be identified. She didn’t want to see the perpetrator’s face again. As a result, hotel workers and other victims provided comfort.

The German woman later accurately identified the suspect, although he continued to deny it. The police questioned Phongphat further and charged him with improper behaviour towards others. He was brought to the Phuket Muang Police Station for legal proceedings.

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Related article:

Thai Man Charged With Harassing Russian Woman In Phuket Bus Station Toilet

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Three Thai Airlines Turn Losses Into Profits in 2023

BANGKOK – Thai Airways, Bangkok Airways and Thai AirAsia all reported profits for 2023 as the global aviation industry continues to recover.

The aviation business recorded strong growth in the fourth quarter of 2023, with passenger traffic in the Asia-Pacific region, including Thailand, growing the fastest at an average of 77.2%. This was due to a number of factors, including the reopening of China, long holidays and festivals.

Thai Airways International Public Company Limited (THAI), which is still undergoing restructuring, has recorded a significant increase in profits. According to a report to the Stock Exchange of Thailand, THAI and its subsidiaries posted a net profit of 28,123 million baht, or 12.87 baht per share, compared to a loss per share of 0.12 baht in 2022.

THAI currently has a total of 70 aircraft in operation and offers flights to 61 destinations worldwide for the 2024 summer timetable.

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Piyasvasti Amranand, President of THAI’s Rehabilitation Plan Management Committee (center), announced the company’s operating results for the year ended December 31, 2023.

Piyasvasti Amranand, President of THAI’s Rehabilitation Plan Management Committee, announced the company’s operating results for the year ended December 31, 2023. The company and its subsidiaries generated total revenue of 161,067 million baht, excluding non-recurring items. Of this, 79.3 percent came from passenger traffic which saw an increase of 53.3 percent compared to 2022 and 87 percent compared to 2019 before the COVID-19 pandemic.

Bangkok Airways Public Company Limited (BA) reported a total revenue of 21,732.5 million baht, an increase of 70.06 percent compared to 2022. The company achieved an operating profit of 3,044.7 million baht, an increase of 3,934 million baht.

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Bangkok Airways

Most of the revenue came from the airline ticketing business, which accounted for 68.6 percent or 14,913.8 million baht, an increase of 76.5 percent, as the number of passengers on Bangkok Airways increased significantly.

Asia Aviation Public Company Limited (AAV), the sole shareholder of Thai AirAsia Company Limited (TAA), reported total revenue of 41,241.5 million baht for the year 2023, an increase of 135%. Net profit amounted to 465.8 million baht, a turnaround from a loss of 8,214.4 million baht in 2022.

The company carried 18.9 million passengers during the year, an increase of 90 percent on the previous year. The passenger load factor was 90 percent, with domestic and international passengers accounting for 63% and 37% respectively.

Santisuk Klongchaiya, CEO of AAV and TAA, said that Thailand’s tourism industry had recovered strongly in 2023, reaching its target of welcoming 28 million tourists. This was supported by the reopening of China, the last major country to open its borders, and the gradual improvement of the global economy.

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Air Asia

In addition, the Thai government has placed a clear focus on the tourism sector, with ongoing support projects such as visa exemptions for various countries and improvements to airport procedures to accommodate tourists. There have also been ongoing promotional campaigns for domestic tourism, which have helped airline business to recover well.

“The Thai and Chinese governments have signed a visa waiver agreement that will come into effect on March 1, 2024. This is expected to have a positive impact on the tourism sector, especially Thai AirAsia, which operates the majority of flights to China. In February, we operated a total of over 103 flights per week,” said Santisuk.

Thai AirAsia expects to carry 20-21 million passengers in 2024, with a load factor of almost 90 percent. The company is targeting revenue growth of 20-23 percent from 2022 and plans to expand its fleet to 60 aircraft by the end of the year.

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Related articles:

Thai Smile Terminates in Jan 2024; Its Fleet Moves to Thai Airways

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Liverpool Beats Chelsea 1-0 to Win The Carabao Cup

Liverpool's manager Jurgen Klopp lifts the trophy next to Liverpool's Virgil van Dijk as the team celebrates winning the English League Cup final soccer match between Chelsea and Liverpool at Wembley Stadium in London, Sunday, Feb. 25, 2024. (AP Photo/Alastair Grant)

LONDON (AP) — Virgil van Dijk headed Liverpool to a record-extending 10th English League Cup trophy by securing a 1-0 win against Chelsea at Wembley on Sunday.

The center back’s goal in the 28th minute of extra time settled a tense clash that had ended 0-0 in regulation.

It clinched an eighth piece of major silverware for Jurgen Klopp at Liverpool and ensured he will not end his final year at the club empty-handed.

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Liverpool’s Virgil van Dijk scores his side’s first goal during the English League Cup final soccer match between Chelsea and Liverpool at Wembley Stadium in London, Sunday, Feb. 25, 2024. (AP Photo/Alastair Grant)

“You should always savor the good moments, this is definitely one of them,” Van Dijk said. “I’m so proud, proud to be part of this club and especially proud of the boys.”

Klopp will step down at the end of the season, but victory in the League Cup has kept his team on course for an improbable quadruple of trophies.

Liverpool currently leads the Premier League table and is still in contention for the FA Cup and Europa League.

Chelsea manager Mauricio Pochettino was hoping to win his first major trophy in England after previous spells with Southampton and Tottenham.

He will have to wait, while Klopp can look ahead to more glory before walking away.

Liverpool and Chelsea had met in both domestic finals in 2022 and on each occasion Liverpool came out on top to lift the League Cup and FA Cup on penalties after two goalless draws.

This was another close match that saw both teams have goals ruled out for offside and the woodwork hit on three occasions.

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Chelsea’s head coach Mauricio Pochettino, left, and Liverpool’s manager Jurgen Klopp gesture during the English League Cup final soccer match between Chelsea and Liverpool at Wembley Stadium in London, Sunday, Feb. 25, 2024. (AP Photo/Dave Shopland)

Chelsea could have gone ahead early on when Cole Palmer’s effort was saved by Caoimhin Kelleher from close range.

Later Raheem Sterling thought he had put Chelsea in front after sliding home Nicolas Jackson’s cross, but the goal was ruled out for offside in the buildup.

Cody Gakpo’s header then left Chelsea goalkeeper Djordje Petrovic standing shortly before halftime, but his effort came back off the foot of the post.

Van Dijk sent Liverpool fans wild in the second half with a powerful header to beat Petrovic, but it was Chelsea’s supporters who were left cheering when after a lengthy review it was also disallowed for offside.

Conor Gallagher hit the post in the 76th after flicking Palmer’s cross beyond Kelleher and later denied when one-on-one with the keeper.

Liverpool had the better chances in extra time but when Harvey Elliott struck the post with a header it looked like it would go down to penalties again.

That was until Van Dijk came up with the decisive moment and perhaps the start of a trophy-laden end to Klopp’s reign.

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A Taiwanese Body Is Found Murdered in a Suvarnabhumi Area

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Police condoned the abandoned store at Suvarnabhumi Airport, where the foreign body was discovered on February 25, 2024.

SUVARNABHUMI – Lieutenant Colonel Uten Phrabphim at Suvarnabhumi Airport Police Station, received a report of a dead body found in an abandoned store opposite the sewage treatment plant in Suvarnabhumi Soi 4, Nong Prue Subdistrict, Bang Phli District, Samut Prakan Province.

The body was found a single-storey abandoned house surrounded by plants at 4 Suvarnabhumi Road on February 25, 2024. Upon inspection, they found a pair of black cloth gloves that had fallen on the front and blood stains at the entrance of the said store. Inside, there were traces of blood where the perpetrator had dragged the body inside and submerged it. There were also blood stains on the floor and scattered in various bags.

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The abandoned store at Suvarnabhumi Airport, where the foreign body is found on February 25, 2024

Inside, they found the body of an unidentified man, suspected to be of Chinese or Japanese descent, covered in colourful tattoos. He was wearing a black round-neck shirt with the letters “ASPA”. He had a gold ring with silver patterns on his right little finger and another gold ring on his left middle finger. No documents were found on his person, only a total of 3,181 baht in cash.

The body showed gunshot wounds to the head, two on the left side and one on the right, indicating that he had been dead for at least five hours. Police officers cordoned off the scene to prevent unauthorized access so that the coroners and medical staff could investigate the case.

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A gold ring with silver patterns is on the body’s right little finger, and another gold ring is on his left middle finger.

Video footage from the airport shows a red Mazda sedan circling near the crime scene several times before turning into the aforementioned store and then reversing towards the Romklao highway before leaving at 7.30 a.m.

During questioning, Mr. Dirak, a janitor at the airport who discovered the body, stated that he was on his way to lunch when he found the body in the abandoned store. He then informed the police.

Pol. Gen. Wichit Boonchinvutikul, the superintendent of Samut Prakan provincial police, ordered an expedited investigation to find clues to the perpetrator and the identity of the deceased.

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Video footage from the airport shows a red Mazda sedan circling near the crime scene several times.

Later, authorities investigated and determined that the deceased was Mr. Shih Mou Chiang, 44, a Taiwanese national who had fled an arrest warrant from Taiwan on accusations of robbery and possession of firearms before fleeing and hiding in Thailand until his death.

On February 25, at 10:00 p.m., officials from Suvarnabhumi Airport Police Station in Samut Prakan Province, investigators from Khok Kram Police Station, and forensic police officers inspected Areeya Daily Village House, Kaset-Nawamin, Lat Pla Khao Road, Bangkok, after finding the murder site of Mr. Shih Mou Chiang.

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The police officers inspected Areeya Daily Village House, Kaset-Nawamin, Lat Pla Khao Road, Bangkok, after locating the murder site of the Taiwanese man.

The officers discovered blood traces in the bathroom. In addition, around half a kilogramme of ketamine was discovered packaged in a white plastic bag. The officials then seized it as evidence before turning it over to the investigating officer at Khok Kram Police Station, who will proceed with legal proceedings.

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Many in Myanmar Consider Fleeing to Thailand To Escape Conscription Into an Army They Despise

People wait in line to enter into the Thai Embassy for visa appointments in Yangon, Myanmar, Tuesday, Feb. 20, 2024. (AP Photo)

GRANT PECK, BANGKOK — Thwel, a 25-year-old schoolteacher, saw very few options left to her after Myanmar’s military announced it is implementing conscription to fill its ranks.

“As a person living in this country, I only have two options: to go abroad illegally or die here,” Thwel told The Associated Press by phone while traveling to a border area to try crossing into Thailand with a small group of like-minded people.

Some observers believe a mass exodus of young talent is taking place and could become a social problem, with their exit heightening the instability that followed the military takeover that now amounts to a civil war.

Thwel, whose home in Myanmar’s southern Mon state is the scene of occasional combat between the army and resistance forces, spoke on condition she be called by only one name as protection from the military authorities. Like many professionals, she joined the Civil Disobedience Movement that was formed to oppose military rule after the army’s 2021 seizure of power from the elected government of Aung San Suu Kyi.

Since then, the army’s manpower has been stretched thin by increasing pressure from surprisingly durable pro-democracy resistance forces and ethnic minority armed organizations,

Over the past four months, opposition groups scored significant victories and seized strategically important territory in northern Shan state where Myanmar borders China, and in Rakhine state in the west.

On Feb. 10, Senior Gen. Min Aung Hlaing, chair of Myanmar’s ruling military council, ordered the 2010 conscription law be activated to replenish the ranks that have been depleted by the struggle to quash a nationwide pro-democracy insurgency. All healthy men ages 18-35 and women 18-27 are required to register for two years of military service.

Evading conscription is punishable by three to five years in prison and a fine.

Of Myanmar’s 56 million people, about 14 million — 6.3 million men and 7.7 million women — are eligible for military service, according to Maj. Gen. Zaw Min Tun, the spokesperson for the military government. The government will draft 60,000 people a year, with an initial batch of 5,000 to be called up soon after the traditional Thingyan New Year celebration in mid-April, he said.

After an uproar over the initial announcement, Zaw Min Tun said there is no plan to call women into military service yet — meaning schoolteacher Thwel might actually be in the clear for the time being.

But many people are actively looking for ways to escape.

The street in front of Thailand’s embassy in Yangon has been filled with visa applicants queued up to get numbered appointment tickets. Overwhelmed, the embassy announced it would accept only 400 visa appointments per day, and they must be made online. According to the Thai Foreign Ministry, some 7,000 Myanmar nationals have applied for visas, Thailand’s Bangkok Post newspaper reported Thursday.

Each day at the state passport office in Mandalay, Myanmar’s second-largest city, 4,000-5000 people were lining up to get one of the 200-250 daily appointment tickets. Two women died and one was injured after they fell into a ditch in a pre-dawn rush to get a coveted early place in line.

A 32-year-old news translator from Yangon said he made a snap decision to leave the country after the conscription announcement, and flew to Thailand a few days later. Like almost all persons willing to discuss their plans, he spoke on condition of anonymity for fear of the legal consequences.

He said he was very concerned because serving in the military is like entering a labyrinth with no way back out, giving the example of his uncle, who joined the army for a five-year enlistment but was not allowed to leave for more than 40 years.

A 26-year-old journalist who has been working covertly in Mandalay, said the conscription law made his situation untenable. He also spoke on condition of anonymity for fear of the legal consequences; more than 150 journalists were arrested after the army sized power, and more than one-third remain locked up, according to the Paris-based press freedom group Reporters Without Borders.

“I tried my best to stay inside the country in the past few years while other journalists were fleeing abroad or to areas controlled by ethnic minority armed groups,” he said. “But, this time, we can’t hide anywhere. We can’t stay out of sight. There is no choice.”

He is also planning to flee to Thailand.

The Institute for Strategy and Policy, an independent think tank, said conscription could trigger a mass exodus, more widespread violations of human rights and increase corruption and extortion at all levels. It anticipates that young people close to areas where armed conflict is active could join the ethnic minority armed forces and pro-democracy resistance groups.

There were around 160,000 soldiers before the army takeover, the institute said, and there are now fewer than 100,000 due to casualties, desertions and defection.

Like schoolteacher Thwel, a 35-year old doctor from Yangon had joined the Civil Disobedience Movement. He was consequently restricted from treating patients, since activist medical workers are boycotting government hospitals, while private clinics and hospitals risk closure if they hire them. They are also blacklisted by immigration authorities, making them unable to get passports to legally leave the country.

Professionals such as medical doctors and engineers face a higher age limit for conscription — 45 for men and 35 for women — and their term of service is three years.

“For me, the announcement of the law was the impetus to make a decision to go abroad,” said the doctor, who spoke on condition of anonymity for his safety.

The doctor said he was exploring the best ways flee abroad or to border areas controlled by the ethnic armed groups.

Ethnic resistance groups such as the Arakan Army from Rakhine state and the Shan State Progress Party have invited people to take refuge in territory they control. The Karen National Union in Kayin state in the southeast has similarly promised help.

Myanmar’s shadow National Unity Government, the leading political body of the pro-democracy resistance, declared that the public is not required to comply with the conscription law, urging them instead to intensify their participation in the fight against army rule.

The Yangon region branch of its armed wing, the People’s Defense Force, announced a recruitment drive and said they received about 1,000 online applications within 12 hours.

More than 1,000 working-age Myanmar nationals are believed to be crossing into Thailand every day since conscription was announced, said Moe Kyaw of the Yaung Chi Oo Workers Association-Thailand, an aid association for Myanmar migrant workers.

“It is not a good sign that human resources and intellectuals leave a country,” he said.

He echoed other aid workers in predicting that with new waves of people entering Thailand, generally illegally, there will be increased human trafficking and related crimes, and there will be friction as the new entrants compete for jobs with as many as 3 million already employed Myanmar migrant workers.

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Patty Tavatanakit Wins LPGA Thailand By One Stroke

Patty Tavatanakit of Thailand holds her trophy during the award ceremony after winning the LPGA Honda Thailand golf tournament in Pattaya, southern Thailand, Sunday, Feb. 25, 2024. (AP Photo/Kittinun Rodsupan)

CHONBURI, Thailand (AP) — Local favorite Patty Tavatanakit held off a fast-finishing Albane Valenzuela to clinch the LPGA Thailand by one stroke on Sunday.

The 24-year-old Bangkok native showcased her prowess with a brilliant approach shot to tap in an easy birdie on the final hole to card a final round 67, finishing at 21 under-par-267 at Siam Country Club Pattaya Old Course.

“I’m honestly speechless. I was so nervous today and choked a bit as there are many Thai fans showing up to support me,” said Tavatanakit, whose triumph marked her second LPGA victory since her win at the ANA Inspiration in 2021.

“It’s a dream come true to win a home tournament in front of my parents.”

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Patty Tavatanakit of Thailand reacts after winning the LPGA Honda Thailand golf tournament in Pattaya, southern Thailand, Sunday, Feb. 25, 2024. (AP Photo/Kittinun Rodsupan)

Tavatanakit has been riding a wave of success, having triumphed at the Ladies European Tour in Saudi Arabia seven days ago. Ranked 43rd in the world, she joins former world No. 1 Ariya Jutanugarn as the second local champion of this tournament, following Jutanugarn’s victory in 2021.

Valenzuela, ranked 91st in the world carded a brilliant 63, including an eagle on the fifth hole and seven birdies — six on the back nine — finishing at 20 under-par-268.

“I gave it my all out there. I’m proud of my performance,” the 26-year-old Swiss said.

Sei Young Kim of Korea, the 2020 Women’s PGA Championship winner, closed with a solid 65, ending with a total of 18 under-par-270, tying for third place alongside her compatriot Hye-jin Choi, who posted a 66.

LPGA tournaments are also scheduled over the next two weeks in Singapore and China.

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Opinion: An Educated Guess on How Many Thais Are Royalists

People in Nakhon Ratchasima province gather at Thao Suranari (Ya Mo) Monument to show their support for HRH Princess Sirindhorn in an event led by the province's governor Siam Sirimongkol on Feb. 16, 2024.
People in Nakhon Ratchasima province gather at Thao Suranari (Ya Mo) Monument to show their support for HRH Princess Sirindhorn in an event led by the province's governor Siam Sirimongkol on Feb. 16, 2024.

Over the past two weeks, we have seen royalists and ultra-royalists wearing purple shirt and dress, changed their social media account’s background color to purple, which is the birth color of HRH Princess Sirindhorn, to express their love and solidarity towards the Princess whose royal motorcade was recently honked at by monarchy-reform activist Tawan Tuatulanond.

Tawan is currently facing sedition charges, detained, and on a hunger strike. Police claim she actually obstructed the royal motorcade, thus posing potential danger, a change that Tawan denied.

Those who love and revere the Princess were upset, if not outraged, and wanted the world to know that many stand behind the King’s sister. Inevitably, it became a numbers game – to get as many people as possible to publicly show their loyalty to the Princess. Only thousands have made their royalist stance known so far, however.

Among those calling for more to come out and make themselves visible and make the public see that what was done to the motorcade was unacceptable was Army Chief Gen. Charoenchai Hinthao.

These people want a definitive confirmation that most Thais find it unacceptable – something tricky in the convoluted society where showing public disapproval of the monarchy could lead to a long prison sentence under the draconian lese majeste law, which carries a maximum imprisonment term of 15 years, or a sedition charge as the 20-year-old Tawan is facing. (In a video clip posted by Tawan during the incident, she honked her car and argued with a police officer why they had to let the Princess go first.)

On the royalist side, there are genuine royalists who feel offended and donned purple to publicly express their anger. But there are also the me-too opportunists who benefit from presenting themselves as royalists, or “good people” (khon dee), while they may not be particularly attached to the institution at all.

On the side of those who are critical, if not opposing the monarchy, the situation is truly convoluted due to the risk of violating the royal defamation law. In Thailand, expressing a negative attitude towards the monarchy could also get you fired by your employer and some cases were reported over the past decade.

Unlike in the United Kingdom, there is no critical poll or survey about what the people think about the Thai monarchy. The mainstream Thai media, meanwhile, routinely censor themselves from reporting anything that is even mildly critical or negative about the institution.

Since the May 2014 military coup, some have fled the kingdom, granted political asylum, mostly in the West and particularly in France, and identified themselves as anti-monarchists while vocally using the social media to espouse their republican or federation ideology. Even then, they face threats made by royalists and some in Paris were assaulted by strangers a few years ago though the attackers were arrested.

Most recently, a threat was made by a senior retired police general, saying he could send someone or use his connection with foreign mafia to make these Thai dissidents abroad who speak ill about the monarchy hurt or even killed.

Shockingly, the officer behind the YouTube video was a retired chief of the anti-narcotic police division, Pol. Lt. Gen. Rewat Klinkesorn. It appears he could make such a threat to life with impunity.

I asked French man Yan Marchal, a critic of the Thai monarchy, who was deported from Thailand two years ago for mocking the Thai king what he thought about the threat (he posted it on Facebook a week ago) and he told me:

“If this man gets on the record like this, making threats to use illegal means to threaten or attack exiled foes in foreign countries, and does not get, at the very least, chastised by his hierarchy, then indeed what does it say about the situation in Thailand? It would be one more instance where the rule of law isn’t applied to those who are supposed to enforce it.”

Truth be told, the Move Forward Party was the only major political party which pledged to amend the lese majeste law. They received over 14 million votes, so it could be deduced that 14 million out of 52 million eligible voters want to see the law amended, or at least do not mind seeing it amended.

There are around 70 million Thais and under the current situation, it is simply impossible to know where the majority stand on the issue of monarchy reform simply because true freedom of expression on the issue of the monarchy does not exist in Thailand. An educated guess on how many Thais are true royalists is also almost impossible given the prevailing circumstances.

This is tragic as the powers that be would not allow the public to even make their true feelings known so the society could move appropriately in accordance with the wish of the majority of the people in response to their genuine will.

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Taiwan Giant Chipmaker TSMC Opens First Plant in Japan

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This photo shows a newly built plant for Taiwan Semiconductor Manufacturing Co. (TSMC) in Kikuyo town, a suburb of Kumamoto, southwestern Japan, Feb. 12, 2024. (Kyodo News via AP)

TOKYO (AP) — Chip giant Taiwan Semiconductor Manufacturing Co. opened Saturday in an official ceremony its first semiconductor plant in Japan as part of its ongoing global expansion.

“We are deeply grateful for the seamless support provided by you at every step,” TSMC Chairman Mark Liu said after thanking the Japanese government, local community and business partners, including electronic giant Sony and auto-parts maker Denso. The company’s founder Morris Chang, was also present.

This comes as Japan is trying to regain its presence in the chip production industry.

The Japan Advanced Semiconductor Manufacturing, or JASM, is set to be up and running later this year. TSMC also announced plans for a second plant in Japan earlier this month, with production expected to start in about three years. Private sector investment totals $20 billion for both plants. Both plants are in the Kumamoto region, southwestern Japan.

Prime Minister Fumio Kishida sent a congratulatory video message, calling the plant’s opening “a giant first step.” He stressed Japan’s friendly relations with Taiwan and the importance of cutting-edge semiconductor technology.

Japan had previously promised TSMC 476 billion yen ($3 billion) in government funding to encourage the semiconductor giant to invest. Kishida confirmed a second package, raising Japan’s support to more than 1 trillion yen ($7 billion).

Although TSMC is building its second plant in the U.S. and has announced a plan for its first in Europe, Japan could prove an attractive option.

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This photo shows a newly built plant for Taiwan Semiconductor Manufacturing Co. (TSMC) in Kikuyo town, a suburb of Kumamoto, southwestern Japan, Feb. 12, 2024. (Kyodo News via AP)

Closer to Taiwan geographically, Japan is an important U.S. ally. Neighboring China claims the self-governing island as its own territory and says it must come under Beijing’s control. The long-running divide is a flashpoint in U.S.-China relations

The move is also important for Japan, which has recently earmarked about 5 trillion yen ($33 billion) to revive its chips industry.

Four decades ago, Japan dominated in chips, headlined by Toshiba Corp. and NEC controlling half the world’s production. That’s declined lately to under 10%, due to competition from South Korean, U.S. and European manufacturers, as well as from TSMC.

The coronavirus pandemic has negatively affected the supply of electronic chips, stalling plants, including automakers, with Japan almost entirely dependent on chip imports. This has pushed Japan to seek chip production in pursuit of self-sufficiency.

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Morris Chang, founder of Taiwan Semiconductor Manufacturing Co. (TSMC), speaks during an official opening ceremony for its first semiconductor plant in Japan, Feb. 24, 2024.   (Kyodo News via AP)

Sony Semiconductor Solutions Corp. — wholly owned by Sony Corp. — Denso Corp. and top automaker Toyota Motor Corp. are investing in TSMC’s Japan plant, with the Taiwanese giant retaining an 86.5% ownership of JASM.

Once the two plants are up and running, they’re expected to create 3,400 high-tech jobs directly, according to TSMC.

Ensuring access to an ample supply of the most advanced chips is vital with the growing popularity of electric vehicles, as well as artificial intelligence. Some analysts note Japan still leads in crucial aspects of the industry, as seen in Tokyo Electron, which manufactures the machinery used to produce chips.

Still, it’s clear the Japanese government is intent on playing catchup. Tokyo is supporting various semiconductor projects nationwide, such as those involving Western Digital and Micron of the U.S., and Japanese companies like Renesas Electronics, Canon and Sumitomo.

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Thai Surrogacy Network Leader Arrested for Trafficking Sperm

The suspect, 33-year-old Thiraphong Chaiyasuk, was arrested on February 24, 2024 outside his house in Nonthaburi province.

NONTHABURI – Officers from the Crime Suppression Division apprehended the leader of a network that trafficked sperm across Thailand’s border into neighbouring countries. The sperm was utilised to impregnate Laotian and Cambodian women who served as surrogates for Chinese clients.

The suspect, 33-year-old Thiraphong Chaiyasuk, was arrested on February 24, 2024 outside his house in Nonthaburi province. He had been wanted on the basis of an arrest warrant issued by the criminal court in 2022.

The investigation began in 2017 when Nong Khai customs officials intercepted a shipment of liquid nitrogen containing six frozen semen vials intended to be smuggled across the border into Laos. The investigation led to the discovery of a large network of Chinese investors who were hiring people to smuggle sperm into fertility clinics in Laos and Cambodia.

The sperm was used to fertilize eggs from Laotian or Cambodian women who were paid as surrogate mothers. The children resulting from these pregnancies had the nationality of the surrogate mother, which could be used by Chinese criminal groups to launder money.

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The investigation revealed that Thiraphong was a member of the network and led the team that smuggled the semen across the border. He had been on the run since 2017 and was hiding in Nonthaburi province when he was arrested.

Thiraphong confessed to being a member of the network and said he was responsible for overseeing the team that transported the semen. He said he had been doing this since 2014 and that he transported about 100 vials of semen per trip. He was paid 10,000-15,000 baht per trip.

Thiraphong said the reason why the network does not work in Thailand is that it is difficult to get approval and the costs are high. In neighboring countries, the laws are more lax and the costs are lower.

Thiraphong was charged with using others to bring or take prohibited goods out of the kingdom without permission” and “using others to illegally import or export sperm, ova or embryos out of the kingdom.

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In His Annual Letter, Warren Buffett Tells Investors To Ignore Wall Street Pundits

FILE- In this May 3, 2019 file photo, Berkshire Hathaway Chairman and CEO Warren Buffett, left, and Vice Chairman Charlie Munger (AP Photo/Nati Harnik, File)

OMAHA, Neb. (AP) — Warren Buffett credited his longtime partner — the late Charlie Munger — with being the architect of the Berkshire Hathaway conglomerate he’s received the credit for leading and warned shareholders in his annual letter Saturday not to listen to Wall Street pundits or financial advisors who urge them to trade often.

Buffett said he always writes his letter with smart, long-term investors like his sister Bertie in mind and tries to tell them what he thinks they’d like to know about Berkshire.

“She is sensible – very sensible – instinctively knowing that pundits should always be ignored,” Buffett wrote about Bertie. “After all, if she could reliably predict tomorrow’s winners, would she freely share her valuable insights and thereby increase competitive buying? That would be like finding gold and then handing a map to the neighbors showing its location.”

Buffett told investors that Berkshire is a safe place to park their cash as long as they don’t expect the “eye-popping performance” of its past because there are no attractively priced acquisition targets out there big enough to make a meaningful difference in the Omaha, Nebraska-based company’s results. But he said Berkshire will be ready to swoop in with its $167.6 billion whenever the casino-like stock market seizes up.

Investor Cole Smead of Smead Capital Management said Buffett is reassuring investors that “we’ll be ready to buy things when things finally get rational” while warning about the dangers of Wall Street that “is like a denizen of thieves, and they’ll sell you what they can sell you.”

Munger, Buffett’s longtime investing partner, died in November at age 99 — taking away one of the key sounding boards Buffett relied on over the decades as Berkshire acquired companies like See’s Candy, Geico insurance, BNSF railroad and others to reshape the failing textile mill they took over in the 1960s into the massive eclectic conglomerate Berkshire is today.

Buffett already devoted part of last year’s annual letter to Berkshire shareholders to a tribute to Munger, but this year’s version led off with even more praise for the revered curmudgeon’s contributions to Berkshire over the years. Buffett said “Charlie was the ‘architect’ of the present Berkshire” who realized early on that it was better to buy wonderful businesses at fair prices.

“Charlie never sought to take credit for his role as creator but instead let me take the bows and receive the accolades,” Buffett wrote. “In a way his relationship with me was part older brother, part loving father. Even when he knew he was right, he gave me the reins, and when I blundered he never – never – reminded me of my mistake.”

Munger’s death served as yet another reminder that Berkshire will one day have to move forward without the 93-year-old Buffett at the helm.

Berkshire has established a succession plan and said that Vice Chairman Greg Abel will one day replace Buffett as CEO while the company’s two other investment managers will take over the stock portfolio. Abel has already overseen all of Berkshire’s many noninsurance businesses since 2018, and managers at those companies say investors shouldn’t worry about Abel’s ability to lead the company. To a great extent, Berkshire lets its companies run themselves on a day-to-day basis while headquarters decides where to invest all the cash they generate.

Buffett told investors in his letter that Abel “in all respects is ready to be CEO of Berkshire tomorrow.”

Edward Jones analyst Jim Shanahan found that comment about Abel comforting, but the question is whether he’ll be ready to take advantage of a big opportunity when there is a financial panic because Abel might be afraid that his first big investment would be a dud.

“I have no doubt. given his operational background, that he can step in and run Berkshire today, but I don’t know if he’s ready to commit a huge amount of capital,” Shanahan said.

Buffett also recounted how Berkshire’s insurance businesses thrived last year, but its massive utilities and BNSF railroad disappointed. He also told shareholders how he never plans to sell its stakes in nearly 30% of Occidental Petroleum and 9% of five large Japanese trading houses, but he reiterated that he has no plans to buy the oil producer outright.

Berkshire’s eclectic mix of businesses, combined with the strong performance of its investments, delivered a profit of $37.57 billion, or $26,043 per Class A share, in the fourth quarter. That’s more than double the $18.08 billion profit, or $12,355 per Class A share, that Berkshire reported a year earlier.

But Buffett cautioned that investors should largely ignore those bottom line figures because they are swayed so much by the paper value of its investments. Instead, he has long urged investors to pay attention to Berkshire’s operating earnings that exclude investments.

By that measure, Berkshire reported a 28% jump in operating earnings to $8.48 billion, or $5,878.21 per Class A share. That’s up from $6.63 billion, or $4,527.06 per Class A share.

The three analysts surveyed by FactSet Research predicted that Berkshire would report quarterly operating earnings of $5,717,17 per Class A share.

Berkshire’s stock has set a series of new records in recent weeks, most recently peaking at $632,820 per Class A share Friday morning as investors eagerly anticipated Buffett’s letter. Buffett is revered for his remarkably successful track record and the sage advice he has offered over the decades. His annual letter is always one of the best-read reports in the business world.

Berkshire also spent $2.2 billion repurchasing its own shares in the fourth quarter, bringing the total to $9.2 billion for the full year.

But the cash continues to pile up to record levels at Berkshire because Buffett can’t find any huge investments at reasonable prices.

One of the biggest acquisitions Berkshire did make recently was the purchase of the last 20% of the Pilot truck stop business it hadn’t already bought as part of a 2017 deal. But that transaction with the Haslam family got messy last year with both Berkshire and the Haslams accusing each other of trying to manipulate Pilot’s earnings to affect the price Berkshire had to pay.

The dueling lawsuits over that deal generated headlines with bribery allegations and other alleged misdeeds before being settled in January. Berkshire completed the purchase of the nation’s largest truck stop operator last month for only $2.6 billion.

Buffett didn’t directly comment on that deal, but he may have been hinting at it when he recounted classic advice from 1863 urging all banks to “never deal with a rascal” that he said he’s learned the wisdom of over the years.

“People are not that easy to read,” Buffett said. “Sincerity and empathy can easily be faked. That is as true now as it was in 1863.”

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