Latest news with #ChayutSetboonsarng
Japan Today
24-07-2025
- Politics
- Japan Today
Thailand F-16 jet bombs Cambodian targets as border clash escalates
Firefighters work to extinguish fire at a convenience store at a gas station, amid the clashes between Thailand and Cambodia, in Kantharalak district, Sisaket province, Thailand, July 24, 2025, in this screengrab obtained from a handout video. TPBS/Handout via REUTERS By Panu Wongcha-um and Chayut Setboonsarng A Thai F-16 fighter jet bombed targets in Cambodia, both sides said, as weeks of tension over a border dispute escalated into clashes on Thursday that have killed at least 12 people, including 11 civilians. Of the six F-16 fighter jets that Thailand readied to deploy along the disputed border, one of the aircraft fired into Cambodia and destroyed a military target, the Thai army said. Both countries accused each other of starting the clash early on Thursday. "We have used air power against military targets as planned," Thai army deputy spokesperson Richa Suksuwanon told reporters. Thailand also closed its border with Cambodia. Cambodia's defence ministry said the jets dropped two bombs on a road, and that it "strongly condemns the reckless and brutal military aggression of the Kingdom of Thailand against the sovereignty and territorial integrity of Cambodia". The skirmishes came after Thailand recalled its ambassador to Cambodia late on Wednesday and said it would expel Cambodia's envoy in Bangkok, after a second Thai soldier in the space of a week lost a limb to a landmine that Bangkok alleged had been laid recently in the disputed area. Thailand's health minister said 11 civilians, including a child, and one soldier were killed in artillery shelling by Cambodian forces while 24 civilians and seven military personnel were wounded. There was no immediate word of casualties in Cambodia. "The Thai Army condemns Cambodia for using weapons to attack civilians in Thailand. Thailand is ready to protect sovereignty and our people from inhumane action," the country's military said in a statement. Prime Minister Anwar Ibrahim of Malaysia, the current chair of Southeast Asian bloc ASEAN in which Thailand and Cambodia are also members, urged calm and said he would speak to leaders of both countries to peacefully resolve their dispute. China also expressed concern at the fighting and said it was willing to play a role in promoting de-escalation. Thai residents including children and the elderly ran to shelters built of concrete and fortified with sandbags and car tires in the Surin border province. "How many rounds have been fired? It's countless," an unidentified woman told the Thai Public Broadcasting Service (TPBS) while hiding in the shelter as gunfire and explosions were heard intermittently in the background. Cambodia's foreign ministry said Thailand's air strikes were "unprovoked" and called on its neighbour to withdraw its forces and "refrain from any further provocative actions that could escalate the situation". For more than a century, Thailand and Cambodia have contested sovereignty at various undemarcated points along their 817-km (508-mile) land border, which has led to skirmishes over several years and at least a dozen deaths, including during a weeklong exchange of artillery in 2011. Tensions were reignited in May following the killing of a Cambodian soldier during a brief exchange of gunfire, which escalated into a full-blown diplomatic crisis and now has triggered armed clashes. LANDMINES The clashes began early on Thursday near the disputed Ta Moan Thom temple along the border between Cambodia and Thailand, around 360 km (225 miles) east of the Thai capital Bangkok. Thailand's Health Minister Somsak Thepsuthin told reporters the deaths took place across three border provinces and included an 8-year-old boy in Surin. He added the Cambodian shelling included a strike on a hospital in Surin province, which he said should be considered a war crime. "Artillery shell fell on people's homes," Sutthirot Charoenthanasak, district chief of Kabcheing in Surin province, told Reuters, adding authorities had evacuated 40,000 civilians from 86 border villages to safer locations. "Two people have died," he added. Video footage showed a plume of thick black smoke rising from a gas station in the neighbouring Thai Sisaket province, as firefighters rushed to extinguish the blaze. A total of eight people have been killed and 15 wounded in Sisaket, the health minister said, adding another person was killed in the border province of Ubon Ratchathani. The army said Cambodia deployed a surveillance drone before sending troops with heavy weapons, including rocket launchers, to an area near the Ta Moan Thom temple. A spokesperson for Cambodia's defence ministry, however, said there had been an unprovoked incursion by Thai troops and Cambodian forces had responded in self-defence. Thailand's acting Prime Minister Phumtham Wechayachai said the situation was delicate. "We have to be careful," he told reporters. "We will follow international law." An attempt by Thailand's then premier Paetongtarn Shinawatra to resolve the recent tensions via a call with Cambodia's influential former Prime Minister Hun Sen, the contents of which were leaked, kicked off a political storm in Thailand, leading to her suspension by a court. Hun Sen said in a Facebook post that two Cambodian provinces had come under shelling from the Thai military. Thailand this week accused Cambodia of placing landmines in a disputed area that injured three soldiers. Phnom Penh denied the claim and said the soldiers had veered off agreed routes and triggered a mine left behind from decades of war. Cambodia has many landmines left over from its civil war decades ago, numbering in the millions according to de-mining groups. But Thailand maintains landmines have been placed at the border area recently, which Cambodia has described as baseless allegations. © (c) Copyright Thomson Reuters 2025.
Daily Maverick
24-07-2025
- Politics
- Daily Maverick
Thailand F-16 jet bombs Cambodian targets as border clash escalates
By Panu Wongcha-um, Chayut Setboonsarng and Panarat Thepgumpanat Of the six F-16 fighter jets that Thailand readied to deploy along the disputed border, one of the aircraft fired into Cambodia and destroyed a military target, the Thai army said. Both countries accused each other of starting the clash early on Thursday. 'We have used air power against military targets as planned,' Thai army deputy spokesperson Richa Suksuwanon told reporters. Thailand also closed its border with Cambodia. Cambodia's defence ministry said the jets dropped two bombs on a road, and that it 'strongly condemns the reckless and brutal military aggression of the Kingdom of Thailand against the sovereignty and territorial integrity of Cambodia'. The skirmishes came after Thailand recalled its ambassador to Cambodia late on Wednesday and said it would expel Cambodia's envoy in Bangkok, after a second Thai soldier in the space of a week lost a limb to a landmine that Bangkok alleged had been laid recently in the disputed area. Thailand's health minister said 11 civilians, including a child, and one soldier were killed in artillery shelling by Cambodian forces while 24 civilians and seven military personnel were wounded. There was no immediate word of casualties in Cambodia. 'The Thai Army condemns Cambodia for using weapons to attack civilians in Thailand. Thailand is ready to protect sovereignty and our people from inhumane action,' the country's military said in a statement. Prime Minister Anwar Ibrahim of Malaysia, the current chair of Southeast Asian bloc ASEAN in which Thailand and Cambodia are also members, urged calm and said he would speak to leaders of both countries to peacefully resolve their dispute. China also expressed concern at the fighting and said it was willing to play a role in promoting de-escalation. Thai residents including children and the elderly ran to shelters built of concrete and fortified with sandbags and car tires in the Surin border province. 'How many rounds have been fired? It's countless,' an unidentified woman told the Thai Public Broadcasting Service (TPBS) while hiding in the shelter as gunfire and explosions were heard intermittently in the background. Cambodia's foreign ministry said Thailand's air strikes were 'unprovoked' and called on its neighbour to withdraw its forces and 'refrain from any further provocative actions that could escalate the situation'. For more than a century, Thailand and Cambodia have contested sovereignty at various undemarcated points along their 817-km (508-mile) land border, which has led to skirmishes over several years and at least a dozen deaths, including during a weeklong exchange of artillery in 2011. Tensions were reignited in May following the killing of a Cambodian soldier during a brief exchange of gunfire, which escalated into a full-blown diplomatic crisis and now has triggered armed clashes. LANDMINES The clashes began early on Thursday near the disputed Ta Moan Thom temple along the border between Cambodia and Thailand, around 360 km (225 miles) east of the Thai capital Bangkok. Thailand'sHealth Minister Somsak Thepsuthin told reporters the deaths took place across three border provinces and included an 8-year-old boy in Surin. He added the Cambodian shelling included a strike on a hospital in Surin province, which he said should be considered a war crime. 'Artillery shell fell on people's homes,' Sutthirot Charoenthanasak, district chief of Kabcheing in Surin province, told Reuters, adding authorities had evacuated 40,000 civilians from 86 border villages to safer locations. 'Two people have died,' he added. Video footage showed a plume of thick black smoke rising from a gas station in the neighbouring Thai Sisaket province, as firefighters rushed to extinguish the blaze. A total of eight people have been killed and 15 wounded in Sisaket, the health minister said, adding another person was killed in the border province of Ubon Ratchathani. The army said Cambodia deployed a surveillance drone before sending troops with heavy weapons, including rocket launchers, to an area near the Ta Moan Thom temple. A spokesperson for Cambodia's defence ministry, however, said there had been an unprovoked incursion by Thai troops and Cambodian forces had responded in self-defence. Thailand's acting Prime Minister Phumtham Wechayachai said the situation was delicate. 'We have to be careful,' he told reporters. 'We will follow international law.' An attempt by Thailand's then premier Paetongtarn Shinawatra to resolve the recent tensions via a call with Cambodia's influential former Prime Minister Hun Sen, the contents of which were leaked, kicked off a political storm in Thailand, leading to her suspension by a court. Hun Sen said in a Facebook post that two Cambodian provinces had come under shelling from the Thai military. Thailand this week accused Cambodia of placing landmines in a disputed area that injured three soldiers. Phnom Penh denied the claim and said the soldiers had veered off agreed routes and triggered a mine left behind from decades of war. Cambodia has many landmines left over from its civil war decades ago, numbering in the millions according to de-mining groups. But Thailand maintains landmines have been placed at the border area recently, which Cambodia has described as baseless allegations.
Zawya
08-07-2025
- Business
- Zawya
Thai exports could take $27bln hit from US tariffs, industry group says
The Federation of Thai Industries on Tuesday estimated that damage to Thai exports could reach 800 billion to 900 billion baht ($24.5 billion to $27.6 billion) from U.S. tariffs of 36%, slated to start in August. (Reporting by Chayut Setboonsarng and Orathai Sriring; Editing by Martin Petty)
Yahoo
04-07-2025
- Automotive
- Yahoo
Analysis-China's intense EV rivalry tests Thailand's local production goals
By Chayut Setboonsarng and Thanadech Staporncharnchai BANGKOK (Reuters) -Hyper-competition in China's electric vehicle sector is spilling over to its biggest market in Asia, Thailand, as smaller players struggle to compete with dominant BYD, putting ambitious local production plans at risk. Neta, among the earliest Chinese EV brands to enter Thailand in 2022, is an example of a struggling automaker finding it difficult to meet the requirements of a demanding government incentive programme meant to boost Thai EV production. Under the scheme, carmakers are exempt from import duties, but were obligated to match import volumes with domestic production in 2024. Citing slowing sales and tightening credit conditions, carmakers asked the government to adjust the scheme and the 2024 production shortfall was rolled over into this year. Neta has said that it cannot produce the required number of cars locally and the government has withheld some payments to the EV maker, said Excise Department official Panupong Sriket, who received a complaint filed last month by 18 Neta dealers in Thailand seeking to recover over 200 million baht ($6.17 million) of allegedly unpaid debt. The complaint, a copy of which was reviewed by Reuters, also detailed missed payments by Neta related to promised support for building showrooms and after-sales service. "I stopped ordering more cars in September because I sensed something was wrong," said Neta dealership owner Saravut Khunpitiluck. "I'm currently suing them." Neta's parent company, Zhejiang Hozon New Energy Automobile, entered bankruptcy proceedings in China last month, according to state media. Neta and its Chinese parent did not respond to Reuters' requests for comment. MARKET SHARE DECLINE Neta's share of Thailand's EV market peaked at around 12% of EV sales in 2023 when the industry was growing, according to Counterpoint Research data, with BYD having a 49% share that year. In Thailand, a regional auto production and export hub, Chinese brands dominate the EV market with a combined share of more than 70%. The number of Chinese EV brands has doubled in the last year to 18, placing pressure on those that lack the reach of BYD, which has taken over from Tesla as the world's biggest EV maker. In the first five months of this year, new registration of Neta cars - a proxy for sales - slumped 48.5% from the prior year and its share of EV registrations was down to 4%, according to government data. "Neta's downturn in Thailand reflects the fragility of second-tier Chinese EV brands both at home and abroad," said Abhik Mukherjee, an automotive analyst at Counterpoint Research. "Intense price competition and the scale advantages of dominant players have made survival increasingly difficult for smaller companies, particularly in export markets, where margins are slim and robust after-sales support is essential." In Thailand, Neta's biggest international market, it sells three models, with the cheapest Neta V-II Lite priced at 549,000 baht ($16,924) before discounts, compared to market leader BYD's entry-level Dolphin model that is priced at 569,900 baht. Thailand's domestic auto market has become increasingly competitive amid a sluggish economy. "Some Chinese brands have slashed prices by more than 20%,' said Rujipun Assarut, assistant managing director of KResearch, a unit of Thai lender Kasikornbank. "Pricing has become the main strategy to stimulate buying." China's EV overcapacity and price war have pushed automakers to expand abroad, but markets like Thailand are now mirroring the same hyper-competitive pressures, exposing smaller firms to similar risks. 'NO CONFIDENCE' Three years ago, Thailand unveiled an ambitious plan to transform its car industry, long dominated by Japanese majors like Toyota and Honda, to ensure at least 30% of its total auto production was EVs by 2030. The country, which exports about half of its auto output, has drawn more than $3 billion in investments from a clutch of Chinese EV makers, including Neta, who were partly lured to Southeast Asia's second-largest economy by the government incentive scheme. "Neta's case should give the Thai policymakers pause," said Ben Kiatkwankul, partner at Bangkok-based government affairs advisory firm, Maverick Consulting Group. Last December, after a sharp sales contraction, Thailand's Board of Investment gave EV makers an extension to the initial local production timeline to avoid oversupply and a worsening price war. Under the original scheme, local EV production in 2024 was required to match each vehicle imported between February 2022 to December 2023 or the automaker would incur hefty fines. Car manufacturers avoided those fines with the extension carrying over unmet production into this year, but at a higher ratio of 1.5 times imports. Thailand's Board of Investment did not respond to a Reuters request for comment. Siamnat Panassorn, vice president of the Electric Vehicle Association of Thailand, said Neta's issues were company-specific and did not reflect flaws in Thai policies or the market. But external shocks, including geopolitical tensions and the spectre of higher tariffs, have added to the pressure felt by the sector, he said. For Thai Neta dealers like Chatdanai Komrutai, the crisis is deepening. The brand's car owners have taken to social media in droves to share maintenance issues and limited after-sales support and a consumer watchdog agency is inspecting some of those complaints. "Selling cars is difficult right now," Chatdanai said. "There's no confidence." ($1 = 32.4100 baht) (Additional reporting by Panarat Thepgumpanat; Graphics by Pasit Kongkunakornkul; Editing by Devjyot Ghoshal and Jamie Freed) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-07-2025
- Automotive
- Yahoo
Analysis-China's intense EV rivalry tests Thailand's local production goals
By Chayut Setboonsarng and Thanadech Staporncharnchai BANGKOK (Reuters) -Hyper-competition in China's electric vehicle sector is spilling over to its biggest market in Asia, Thailand, as smaller players struggle to compete with dominant BYD, putting ambitious local production plans at risk. Neta, among the earliest Chinese EV brands to enter Thailand in 2022, is an example of a struggling automaker finding it difficult to meet the requirements of a demanding government incentive programme meant to boost Thai EV production. Under the scheme, carmakers are exempt from import duties, but were obligated to match import volumes with domestic production in 2024. Citing slowing sales and tightening credit conditions, carmakers asked the government to adjust the scheme and the 2024 production shortfall was rolled over into this year. Neta has said that it cannot produce the required number of cars locally and the government has withheld some payments to the EV maker, said Excise Department official Panupong Sriket, who received a complaint filed last month by 18 Neta dealers in Thailand seeking to recover over 200 million baht ($6.17 million) of allegedly unpaid debt. The complaint, a copy of which was reviewed by Reuters, also detailed missed payments by Neta related to promised support for building showrooms and after-sales service. "I stopped ordering more cars in September because I sensed something was wrong," said Neta dealership owner Saravut Khunpitiluck. "I'm currently suing them." Neta's parent company, Zhejiang Hozon New Energy Automobile, entered bankruptcy proceedings in China last month, according to state media. Neta and its Chinese parent did not respond to Reuters' requests for comment. MARKET SHARE DECLINE Neta's share of Thailand's EV market peaked at around 12% of EV sales in 2023 when the industry was growing, according to Counterpoint Research data, with BYD having a 49% share that year. In Thailand, a regional auto production and export hub, Chinese brands dominate the EV market with a combined share of more than 70%. The number of Chinese EV brands has doubled in the last year to 18, placing pressure on those that lack the reach of BYD, which has taken over from Tesla as the world's biggest EV maker. In the first five months of this year, new registration of Neta cars - a proxy for sales - slumped 48.5% from the prior year and its share of EV registrations was down to 4%, according to government data. "Neta's downturn in Thailand reflects the fragility of second-tier Chinese EV brands both at home and abroad," said Abhik Mukherjee, an automotive analyst at Counterpoint Research. "Intense price competition and the scale advantages of dominant players have made survival increasingly difficult for smaller companies, particularly in export markets, where margins are slim and robust after-sales support is essential." In Thailand, Neta's biggest international market, it sells three models, with the cheapest Neta V-II Lite priced at 549,000 baht ($16,924) before discounts, compared to market leader BYD's entry-level Dolphin model that is priced at 569,900 baht. Thailand's domestic auto market has become increasingly competitive amid a sluggish economy. "Some Chinese brands have slashed prices by more than 20%,' said Rujipun Assarut, assistant managing director of KResearch, a unit of Thai lender Kasikornbank. "Pricing has become the main strategy to stimulate buying." China's EV overcapacity and price war have pushed automakers to expand abroad, but markets like Thailand are now mirroring the same hyper-competitive pressures, exposing smaller firms to similar risks. 'NO CONFIDENCE' Three years ago, Thailand unveiled an ambitious plan to transform its car industry, long dominated by Japanese majors like Toyota and Honda, to ensure at least 30% of its total auto production was EVs by 2030. The country, which exports about half of its auto output, has drawn more than $3 billion in investments from a clutch of Chinese EV makers, including Neta, who were partly lured to Southeast Asia's second-largest economy by the government incentive scheme. "Neta's case should give the Thai policymakers pause," said Ben Kiatkwankul, partner at Bangkok-based government affairs advisory firm, Maverick Consulting Group. Last December, after a sharp sales contraction, Thailand's Board of Investment gave EV makers an extension to the initial local production timeline to avoid oversupply and a worsening price war. Under the original scheme, local EV production in 2024 was required to match each vehicle imported between February 2022 to December 2023 or the automaker would incur hefty fines. Car manufacturers avoided those fines with the extension carrying over unmet production into this year, but at a higher ratio of 1.5 times imports. Thailand's Board of Investment did not respond to a Reuters request for comment. Siamnat Panassorn, vice president of the Electric Vehicle Association of Thailand, said Neta's issues were company-specific and did not reflect flaws in Thai policies or the market. But external shocks, including geopolitical tensions and the spectre of higher tariffs, have added to the pressure felt by the sector, he said. For Thai Neta dealers like Chatdanai Komrutai, the crisis is deepening. The brand's car owners have taken to social media in droves to share maintenance issues and limited after-sales support and a consumer watchdog agency is inspecting some of those complaints. "Selling cars is difficult right now," Chatdanai said. "There's no confidence." ($1 = 32.4100 baht) (Additional reporting by Panarat Thepgumpanat; Graphics by Pasit Kongkunakornkul; Editing by Devjyot Ghoshal and Jamie Freed)
