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- Phuket crackdown on organised crime seizes over 500 million baht
Phuket became the centre of a significant crackdown on organised crime, as a Department of Provincial Administration (DOPA) Special Operations Team seized more than 500 million baht (US$13.5 million) worth of illegal goods yesterday. The confiscated items included untaxed cigarettes, alcohol, and prohibited electronic cigarettes. Phuket Governor Sophon Suwannarat unveiled the results of the operation …
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Phuket crackdown on organised crime seizes over 500 million bahtLegacy Phuket became the centre of a significant crackdown on organised crime, as a Department of Provincial Administration (DOPA) Special Operations Team seized more than 500 million baht (US$13.5 million) worth of illegal goods yesterday. The confiscated items included untaxed cigarettes, alcohol, and prohibited electronic cigarettes.
Phuket Governor Sophon Suwannarat unveiled the results of the operation at a press conference held at Phuket Provincial Hall last night. DOPA Inspector General, Ronarong Thipsiri, accompanied him during the announcement.
Governor Sophon labelled the raids as a significant victory against organised crime, with the operation specifically targeting a network of operators dealing in illegal goods.
The operation was launched following instructions from Deputy Prime Minister and Minister of Interior, Anutin Charnvirakul. He tasked DOPA Director-General Orasit Samphantharat and Governor Sophon with addressing social organisation issues in Phuket province.
The Special Operations Team obtained six search warrants from the Phuket Provincial Court to probe warehouses and shops in Mueang Phuket District and Kathu District, suspected of illegal activities.
The investigation revealed that three of the six scrutinised shops, registered as animal feed businesses, were fronts for the illicit sale of cigarettes, electronic cigarettes, and alcohol. These operations were strategically located, with some as close as 50 metres from schools, while others thrived in bustling market areas.
A police report stated that the raids took place between 1pm and 4pm yesterday. It named five locations raided: a house on Yaowarat Road in Phuket Town; a house on Ranong Road in Phuket Town; an alcohol vendor on Tilok Uthit Road in Phuket Town; an animal feed store on Kuku Road in Ratsada; and an unregistered building on Kuku Road in Ratsada.
During the operation, three suspects were apprehended. Two of the locations were found deserted at the time of the raid.
Ronarong Thipsiri highlighted that smuggling activities led to substantial losses for Thailand, amounting to at least 7 billion baht (US$190 million) each year, reported The Phuket News.
All the seized items have been transported to Phuket City Police Station and Kathu Police Station for further legal proceedings. DOPA has urged the public to report any suspicious activities via hotline 1567, a step towards combating illicit trade and ensuring public safety.
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25 April 25 2024Crime Newshttps://thethaiger.com/?p=740915 - Vagina monologue: Thai woman blasts clinic over laser hair removal
A Thai woman condemned a beauty clinic in Pathum Thani province near Bangkok for causing an infection to her vagina after a laser hair removal process and demanded the clinic take responsibility. The victim, a 36 year old woman called Saowaluck, sought assistance from non-profit organisation Saimai Survive to seek justice. Saowaluck revealed in a press …
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Vagina monologue: Thai woman blasts clinic over laser hair removalLegacy A Thai woman condemned a beauty clinic in Pathum Thani province near Bangkok for causing an infection to her vagina after a laser hair removal process and demanded the clinic take responsibility.
The victim, a 36 year old woman called Saowaluck, sought assistance from non-profit organisation Saimai Survive to seek justice. Saowaluck revealed in a press conference yesterday, April 24, that the laser hair removal procedure at the unnamed clinic caused severe pain and later led to an infection.
Saowaluck shared that her vagina developed infected blisters as a result of the laser hair removal procedure, requiring her to stay in hospital for three days for treatment. Despite this, her symptoms did not improve and the clinic ignored its mistake.
Saowaluck recounted that she found the beauty clinic on Facebook and bought a laser hair removal service for 2,000 baht. She received the service on April 18 at around 4pm and became concerned because the procedure was performed by a staff member rather than a doctor.
After the hair removal, she felt pain in her privates and informed the clinic about it. However, the staff member dismissed her concerns, attributing them to normal post-procedure symptoms.
The following morning, Saowaluck’s symptoms worsened, with blisters appearing on her vagina and the skin deteriorating. She developed a fever and sought advice from the clinic over the phone before deciding to go to the hospital for further examination.
Clinic breaks promise
The hospital diagnosed Saowaluck with a vulva infection, estimating treatment costs to range between 20,000 to 30,000 baht. Upon informing the clinic of her situation, Saowaluck requested financial assistance amounting to 20,000 baht, which the clinic agreed to provide.
Following a three-day hospital stay, the total cost amounted to approximately 43,000 baht. Saowaluck subsequently sought reimbursement of the agreed 20,000 baht from the clinic. However, they refused, contending that the infection wasn’t caused by the laser procedure. Instead, they offered only to refund the service fee of 2,000 baht.
Expressing frustration, Saowaluck clarified that she had solely sought coverage for treatment costs and hadn’t requested additional compensation from the clinic.
During yesterday’s press conference, Saowaluck reportedly fainted due to symptoms of depression and panic, which she stated arise when she experiences stress.
The issue was reported to the Pathum Thani Provincial Public Health Office. The office promised to conduct further investigation into the clinic on its licence and whether procedures are being performed by qualified doctors.
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25 April 25 2024Central Thailand Newshttps://thethaiger.com/?p=740907 - Is Swedish snus a good alternative to smoking in Thailand?
With approximately 106,000 people in Thailand succumbing to smoking-related illnesses annually, people are exploring alternatives in pursuit of a safer option. And for many, the answer is Swedish snus (pronounced snoose and rhymes with goose), a traditional Scandinavian tobacco product that comes in small pouches. Unlike cigarettes or vapes, you pop one of these pouches …
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Is Swedish snus a good alternative to smoking in Thailand?Legacy With approximately 106,000 people in Thailand succumbing to smoking-related illnesses annually, people are exploring alternatives in pursuit of a safer option. And for many, the answer is Swedish snus (pronounced snoose and rhymes with goose), a traditional Scandinavian tobacco product that comes in small pouches. Unlike cigarettes or vapes, you pop one of these pouches between your upper lip and gum to release the nicotine. It’s like a tiny teabag of cigarettes – no smoke and oh-so discreet.
Snus isn’t a new invention, it has actually been used in Sweden since the 18th century. Now, as the debate over better alternatives to traditional cigarettes rages on, it’s quickly gaining popularity in Thailand with brands like Hypee offering a wide range of types and flavours. Some use snus because it’s seen as less harmful, others choose it for the sneaky factor. But is it truly a good alternative to smoking in Thailand? Here’s what you need to know about Swedish snus.
What is Swedish snus?
Swedish snus is considered one of the earliest novel tobacco products since it predates other alternatives like electronic cigarettes, nicotine pouches, and heated tobacco by several centuries. This smokeless tobacco product is made from ground tobacco, which is heat treated (pasteurised) along with salts and water, alkalised with soda, and then flavoured with natural ingredients and aromas before being portioned and packaged in tiny tea bag-like pouches. Snus is also available in loose form without the pouches.
In Thailand, Swedish snus brands like Hypee infuse their products with various flavourings such as berry, lemon, mango, coconut, bergamot, and liquorice to enhance the taste.
So, how do you use Swedish snus and how does it work?
Instead of burning, you use Swedish snus by placing the small pouch between your upper lip and gum to release the nicotine. It will then be absorbed by your mouth’s mucus membranes and transported into the bloodstream.
The time you keep the snus in your mouth depends on your tolerance to nicotine and your personal preference. You can keep it in your mouth for an hour if you want a stronger nicotine effect. But for a milder experience, consider removing it after just a few minutes. Once you’re satisfied with your snus, simply remove the pouch from your mouth and dispose of it in the waste bin.
Although Swedish snus is typically placed in the upper lip, it can also be placed in the lower lip without altering its effects.
What makes Swedish snus different from other oral tobacco products?
What makes Swedish snus unique and different from other oral tobacco products is its pasteurisation process. The tobacco used in snus goes through a similar pasteurisation process as milk. It significantly reduces TSNAs (Tobacco-Specific-Nitrosamines) that are known to be carcinogenic (cancer-causing). Plus, the process also neutralised the microorganisms in the tobacco to keep it fresh.
People often get snus and snuff mixed up since the two oral tobacco products sound similar. However, they’re actually two different products. Whilst snus is pasteurised and placed in the lip, snuff is a dry tobacco product cured by fire and is typically sniffed.
Snus is perhaps more similar to nicotine pouches, but they’re also not the same. The key difference lies in their composition: snus contains tobacco, whereas nicotine pouches use nicotine salts. As for American dipping tobacco, although both are placed in the mouth, snus generally doesn’t induce excessive salivation. Therefore, you don’t need to spit while using it.
Is Swedish snus less harmful than traditional cigarettes?
Studies on Swedish snus are still ongoing. However, some researchers suggest that snus is a potentially less harmful alternative to traditional cigarettes because its pasteurisation process reduces cancer-causing substances known as carcinogens. Another study indicated that snus carries only five per cent of the harm associated with cigarettes.
Dr Thomas Westin, a head and neck cancer specialist and associate professor at the University Hospital of Sahlgrenska in Gothenburg, Sweden, explains in an interview with Hypee that there’s yet to see a direct connection between Swedish snus use and head and neck cancer patients, despite its widespread use in Sweden.
Moreover, Sweden also has one of the lowest amounts of lung cancer incidence and mortality rates in Europe, according to data from the WHO’s International Agency for Research on Cancer (IARC) and World Health Rankings. This may be attributed to the use of Swedish snus. Yes, snus still contains nicotine, so it can still lead to addiction and has its share of risks. But it’s the other chemicals in smoking tobacco that increase your risk of lung problems. Since snus doesn’t involve burning, it doesn’t produce harmful tar and numerous carcinogens present in cigarette smoke.
The Scientific Committee on Emerging and Newly Identified Health Risks also found that snus use led to an overall risk reduction of nearly 100 per cent for respiratory diseases like lung cancer, chronic obstructive pulmonary disease, and pneumonia. Additionally, it reduced the risk of cardiovascular disease by at least 50 per cent and decreased the risk of oral and pharyngeal, oesophagal, and pancreatic cancers by at least 50 per cent compared to cigarette smoking.
Still, Swedish snus, just like any other adult stimulant, should only be used in moderation. Less harmful doesn’t necessarily mean healthy.
Can Swedish snus help you quit smoking?
Dr Thomas Westin suggests that Swedish snus could be a viable alternative for people who are struggling to quit smoking. Snus is credited for its role in reducing smoking rates in Sweden, with over half of Swedish snus users being former smokers. Additionally, a study conducted in Norway further supports this notion, indicating that Swedish snus use was helpful for people who successfully quit smoking.
Where can you find Swedish snus in Thailand?
Finding Swedish snus in Thailand used to be tricky, often leading people to resort to the black market. Fortunately, those days are gone now with the arrival of Hypee, a Swedish snus brand that provides a reliable and legitimate source for snus enthusiasts across the Kingdom.
Hypee offers a vast selection of Swedish snus. You can find everything from traditional tobacco flavour to tutti frutti and spearmint. Plus, their snus comes in a variety of sizes, nicotine strengths, and pH values. With all the details clearly outlined on Hypee’s website, exploring and selecting the perfect snus option for your preference is very easy.
The best thing about Hypee is that they manufacture all their snus locally in Thailand using Swedish traditional methods. They use Hazard Analysis Critical Control Points (HACCP) in the manufacturing process to mirror the standards upheld in the food industry and organisations like NASA. Moreover, they also hold all the necessary licences and certifications to provide you with peace of mind regarding the authenticity and safety of your purchases.
But aside from quality, Hypee’s local production also allows them to offer competitive prices. By eliminating the need for costly imports and reducing overhead expenses, Hypee offers an alternative that won’t break the bank, making Swedish snus more accessible and affordable than ever before in Thailand.
To learn more about their locally manufactured Swedish snus and make a purchase, visit Hypee’s website.
Swedish snus is only available for individuals aged 20 years and above.
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25 April 25 2024Healthhttps://thethaiger.com/?p=739838 - Chiang Mai massage parlour busted for underage employment
Chiang Mai police, along with affiliated agencies, raided a massage parlour suspected of employing minors on Tuesday, all under 18 years old, for providing illicit sexual services to customers. The owner of the massage parlour, identified as 21 year old Natthanaree Puangmala, was allegedly facilitating the provision of these services secretly to customers who engaged with …
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Chiang Mai massage parlour busted for underage employmentLegacy Chiang Mai police, along with affiliated agencies, raided a massage parlour suspected of employing minors on Tuesday, all under 18 years old, for providing illicit sexual services to customers.
The owner of the massage parlour, identified as 21 year old Natthanaree Puangmala, was allegedly facilitating the provision of these services secretly to customers who engaged with the massage facilities. The cost for these services was 3,000 baht. The concerning factor was the involvement of several underage individuals, all reportedly under the age of 18.
Police officers delved deeper into the operations of the parlour, unearthing a financial ledger that suggested monthly bribes totalling 20,000 baht were being paid to various government officials. This discovery opened a new line of inquiry for the investigation.
The immediate action saw six underage victims rescued from the parlour. They were then escorted for questioning under the watchful eye of various Thai multidisciplinary agencies. These agencies are now tasked with providing the necessary support and counselling services to the victims.
Natthanaree Puangmala, the owner of the massage parlour, is now in custody at the Mueang Chiang Mai Police Station. A thorough interrogation is expected to follow.
Police have seized computer equipment and CCTV footage from the premises to aid their investigation. Natthanaree faces serious accusations, including facilitating illegal prostitution and operating a healthcare facility without the necessary licencing.
The police shared that they have been monitoring this massage parlour for some time. The establishment had a habit of relocating frequently, presumably to evade law enforcement. However, the vigilance of the investigative team paid off, leading to the successful operation and the rescue of the underage victims, reported Pattaya News.
There is more to come in this case. The alleged involvement of government officials, as suggested by the discovered financial ledger, brings another layer to the situation. A thorough investigation into these allegations is anticipated.
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25 April 25 2024Chiang Mai Newshttps://thethaiger.com/?p=740784 - Truck’s brake breakdown turns car care into car scare in Phuket
A catastrophic brake failure led to a 10-wheeled truck crashing into a car care shop in Ratsada, Phuket, yesterday. The truck, which was on its usual route, first knocked down a traffic light pole before finally stopping its destructive path at the shop. The unfortunate incident was reported to the police at 11.27am. On arrival, …
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Truck’s brake breakdown turns car care into car scare in PhuketLegacy A catastrophic brake failure led to a 10-wheeled truck crashing into a car care shop in Ratsada, Phuket, yesterday. The truck, which was on its usual route, first knocked down a traffic light pole before finally stopping its destructive path at the shop.
The unfortunate incident was reported to the police at 11.27am. On arrival, officers discovered the scene of the accident opposite the DCondo Campus Resort on Ruampattana Road, in the third district of Ratsada. The truck, which bore significant front-end damage, had ploughed into the car care shop.
The truck was owned by the transport firm, Laem Thong Co Ltd. Miraculously, the driver managed to escape the crash without any injuries. Police also confirmed that there were no other casualties resulting from the incident, reported The Phuket News.
In a statement to the police, the driver revealed that the truck’s brakes had malfunctioned, causing the accident.
“I tried to stop, but the brakes didn’t respond.”
The police are still investigating the incident to ascertain the exact causes and circumstances surrounding the accident.
In related news, a late-night crash in Nonthaburi province saw a pickup truck slamming into a house wall, injuring four women. The incident occurred on March 19 at 11.45pm near Wat Sri Khet, Pak Kret district. The police swiftly responded to the emergency, transporting the injured to various hospitals.
At the scene, an Isuzu pickup with a damaged front was discovered obstructing the road. Among the injured, three were found inside the vehicle, while another was ejected from the truck.
Rescue volunteers provided first aid before the victims were urgently taken to Bang Bua Thong Hospital, Kasemrad Rattanathibet Inter Hospital, and Sai Noi Hospital. The impact left a large hole in the concrete wall of a residential property by the road.
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25 April 25 2024Phuket Newshttps://thethaiger.com/?p=740914 - Thailand gears up for stricter AI regulations, eyeing legal framework
The need for stricter artificial intelligence (AI) regulations has been highlighted, as countries, including Thailand, prepare to develop comprehensive AI legal frameworks. This follows the approval of the world’s first comprehensive AI law, the AI Act, by the European Parliament. Putchapong Nodthaisong, Secretary-General of the National Digital Economy and Society Commission, revealed that the commission …
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Thailand gears up for stricter AI regulations, eyeing legal frameworkLegacy The need for stricter artificial intelligence (AI) regulations has been highlighted, as countries, including Thailand, prepare to develop comprehensive AI legal frameworks. This follows the approval of the world’s first comprehensive AI law, the AI Act, by the European Parliament.
Putchapong Nodthaisong, Secretary-General of the National Digital Economy and Society Commission, revealed that the commission already has AI ethics guidelines in place. He further stated that the commission’s digital economy promotion subcommittee will discuss the drafting of AI regulations by the end of May.
This move aims to enforce penalties for violations of AI ethics, in a step towards stricter supervision of AI developers and service providers.
Chaichana Mitrpant, Executive Director of the Electronic Transactions Development Agency (ETDA), stated that a joint study with Thammasat University regarding AI regulations in Europe and Brazil has revealed that these regions have effectively managed to prohibit high-risk AI.
They have also encouraged AI development within a sandbox and given incentives to speed up AI development.
The ETDA has been proactive in setting up an AI governance clinic which is tasked with assessing risk levels, making recommendations and overseeing the use of AI-related projects.
AI guidelines
They are currently drafting generative AI governance guidelines for AI developers. This initiative is aimed at averting AI hallucinations and avoiding intellectual property infringements.
The draft law currently being developed by the ETDA includes key components such as an AI innovation testing centre, which will be a crucial mechanism for AI research and development.
It also mandates information sharing, requiring the ETDA to promote, support and provide assistance to government agencies and the private sector in promoting information sharing to develop AI innovation.
The law also necessitates the creation of AI standards, setting and certifying standards and creating an AI standard logo. This will equip consumers with the necessary information to make informed decisions when choosing products or services.
Apivadee Piyatumrong, a researcher at the National Electronics and Computer Technology Center, emphasised the role of AI standards in garnering consumer acceptance.
Pattaraphan Paiboon, an IP tech partner of Baker & McKenzie Ltd, also echoed the sentiment that many countries will likely follow the EU’s AI Act.
AI implementation
Pattaraphan added that while current laws may not be sufficient to support or regulate AI due to the technology’s uniqueness, it might be premature to impose comprehensive AI regulations considering Thailand’s early stage of AI implementation for businesses and services.
However, she also mentioned that the government has a national AI development roadmap that requires an AI law to be enacted by 2027.
Dhiraphol Suwanprateep, an IP tech of counsel at Baker & McKenzie, suggested that the government’s focus should mainly be on supporting and promoting the use and development of AI and AI businesses. He highlighted China’s regulations on the promotion of the AI industry in the Shenzhen Special Economic Zone as an example.
He further noted that if any AI regulation is necessary, Thailand may first focus on regulating generative AI, akin to China’s interim measures for the management of generative AI services, rather than issuing comprehensive AI legislation.
Christina Montgomery, Vice President and chief privacy and trust officer at IBM, also drew attention to the EU’s AI Act, describing it as essentially a product safety law. She urged companies to understand and prepare for these incoming regulations, as reported by Bangkok Post.
In similar news, The Thailand Consumer Council (TCC) is pushing for the modernisation of the Consumer Protection Act 1979, to accommodate the emerging trends in technology, particularly the rise of artificial intelligence (AI).
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25 April 25 2024Technology Newshttps://thethaiger.com/?p=740809 - Chiang Rai province battles wildfire
The lush province of Chiang Rai was at the mercy of a raging wildfire on Tuesday which incinerated over 400 rai (640,000 square metres) in the vicinity of the Golden Triangle, a renowned region in the district of Chiang Saen. The incident demanded the immediate action of the Chiang Saen District Administration and other responsible …
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Chiang Rai province battles wildfireLegacy The lush province of Chiang Rai was at the mercy of a raging wildfire on Tuesday which incinerated over 400 rai (640,000 square metres) in the vicinity of the Golden Triangle, a renowned region in the district of Chiang Saen. The incident demanded the immediate action of the Chiang Saen District Administration and other responsible officers.
The wildfire initially reared its destructive head in the morning hours of Monday. Thanks to the swift and concentrated efforts of local firefighters, the blaze was promptly subdued, halting its devastating trek towards local homes and government buildings. Yet, the fire proved to be a formidable adversary, reigniting and spreading further across more than 400 rai by the afternoon of the same day.
In a race against time and the elements, over 20 fire trucks were dispatched to the scene to tackle the insatiable flames. Their mission was twofold: not only to control the wildfire but also to prevent it from gnawing its way further into the heart of the community.
The wildfire was successfully reined in by 10pm on April 23, its threatening flames tamed for the time being. However, the fight was far from over. Officers were strategically positioned on standby, their vigilant eyes watchful for any signs of the wildfire’s resurgence, reported Pattaya News.
In related news, Chiang Mai, a city in the northern region of Thailand, is currently combating an alarming number of forest fires, with over 15 fires reported, some of which have been persisting for three days. As per the local authorities, 17 out of 153 hotspots were detected in the city on April 15.
Five of these hotspots are located in the Chiang Dao district, with two positioned on Doi Nang in Baan Na Lao of Tambon Chiang Dao. Forest fires have been blazing in these areas for several days.
In other news, in the relentless battle against raging forest fires sweeping through northern Thailand, tragedy struck as one firefighter lost his life while two others fought for their survival.
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25 April 25 2024Northern Thailand Newshttps://thethaiger.com/?p=740788 - Massive python stuck in Ayutthaya drainage pipe sparks rescue
A nearly 4-metre slithering python, bloated as though it had just ingested a cat, was discovered trapped in a drainage pipe at a residence in Phra Nakhon Si Ayutthaya province, sparking both rescue efforts and local superstition. Today, April 25, the Ayutthaya Radio Centre received an unusual distress call from the homeowners at 150/7 Moo …
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Massive python stuck in Ayutthaya drainage pipe sparks rescueLegacy A nearly 4-metre slithering python, bloated as though it had just ingested a cat, was discovered trapped in a drainage pipe at a residence in Phra Nakhon Si Ayutthaya province, sparking both rescue efforts and local superstition.
Today, April 25, the Ayutthaya Radio Centre received an unusual distress call from the homeowners at 150/7 Moo 8, Hua Ro Subdistrict. A massive python had become lodged inside a drainage pipe, unable to move. Rescue teams with expertise in snake handling were swiftly dispatched to the scene to assist with what would become a tricky extraction operation.
Upon their arrival, the rescue team was met with the daunting task of freeing the slippery customer. Neighbours had gathered, and the shock was palpable when they removed the pipe cover to reveal the python’s considerable girth, hinting at a recent large meal.
The rescue operation required the use of tools to break through concrete and widen the pipe’s opening. It took the team and community members working together over an hour to successfully liberate the python.
The homeowner, Sunantha, recounted how she discovered the blockage upon returning home. Initially suspecting a typical clog, the true cause was far more serpentine and startling. After the snake’s discovery, she quickly alerted the authorities, concerned for the animal’s well-being.
In the aftermath, Sunantha and others speculated on the possibility of the python bringing luck, contemplating using their house number to bet on lottery numbers—a common practice in Thai culture where such unusual occurrences are often seen as omens, reported KhaoSod.
Once freed, the python’s distended abdomen was noted, indicating it had likely consumed a kitten. In line with standard procedure for such incidents, the rescue team placed the snake in a sack to be released back into the wild, ensuring the safety of both the python and the locals.
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25 April 25 2024Thailand Newshttps://thethaiger.com/?p=740894 - Cross-border manhunt: Thai police search for 2 Japanese killers
Thai police officers are collaborating with the Japanese authorities to hunt for two killers involved in the murder and dismemberment of a Japanese man in Nonthaburi province. Officers also discovered that the two Japanese nationals were operating a call centre scam in Thailand. The body parts of the 47 year old Japanese man, Kabashima Ryosuke, …
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Cross-border manhunt: Thai police search for 2 Japanese killersLegacy Thai police officers are collaborating with the Japanese authorities to hunt for two killers involved in the murder and dismemberment of a Japanese man in Nonthaburi province. Officers also discovered that the two Japanese nationals were operating a call centre scam in Thailand.
The body parts of the 47 year old Japanese man, Kabashima Ryosuke, were abandoned in a roadside forest and some land along Ban Kluay-Sai Noi Road in Bang Bua Thong district of Nonthaburi province.
Ryosuke’s wrist was found on April 19, leading to a further investigation until police managed to arrest a Thai suspect named Game on Monday, April 22.
Following Game’s questioning and further investigation, police were able to identify two Japanese men involved in the murder: 50 year old Kato Takuya and 28 year old Suzuki Hiroto.
Game claimed that his employees, Takuya and Hiroto, were the murderers. He admitted to assisting the Japanese suspects in abandoning Ryosuke’s body parts but insisted that he was not involved in the murder.
According to Game, Takuya and Hiroto hired him as a part-time chauffeur, paying him 1,000 baht per day. Game recounted that he drove all three Japanese nationals to an entertainment venue in the Thon Buri district of Bangkok on March 27.
killers at large
Game said that the trio engaged in a heated argument before departing the entertainment venue. Subsequently, Takuya and Hiroto instructed him to chauffeur them to a company warehouse located in Nonthaburi province. After parking the white Nissan Almera sedan inside the warehouse, Game exited the vehicle.
While outside the warehouse, Game claimed to have heard a gunshot. Investigating the source, he discovered Ryosuke deceased inside the car.
Game further detailed that Takuya and Hiroto instructed him to drive a red Nissan Note SUV to procure equipment for dismemberment the following day, March 28, at 10am. Subsequently, the two Japanese individuals completed the dismemberment by 4pm and directed Game to drive the Nissan Almera sedan to Ban Kluay-Sai Noi Road.
During the journey, Game said that he merely drove the vehicle while Takuya and Hiroto directed him to stop at various locations to dispose of black rubbish bags containing Ryosuke’s body parts. Finally, the Japanese employers instructed him to abandon the car in the designated area.
Game admitted that he continued to work with Takuya and Hiroto after the murder and claimed that the two threatened him. However, Game refused to reveal the details of the threats to the media, saying he would only speak to the police.
Call centre scam
Bang Bua Thong Police Station officers reported that they checked with the Immigration Bureau and did not find any records of the Japanese men leaving Thailand. The two had overstayed their visas, with Takuya’s visa expiring on March 1 and Hiroto’s visa expiring on March 5.
The Japanese men told Game that they operated a car part importing business and rented a warehouse to store car parts. The warehouse was rented for nearly two months but no products were stored.
However, police investigations revealed that they were running a call centre scam gang. No further details were disclosed to the public.
Bang Bua Thong Police Station Superintendent Pruet Jamroonsarn disclosed that Japanese police are now collaborating with Thai authorities in hunting for the two Japanese killers.
UPDATE 1: Thai man arrested for part in Japanese man’s murder in Nonthaburi
Police yesterday arrested a Thai man for his involvement in the murder and dismemberment of human body parts found in Nonthaburi province near Bangkok. He claimed that the deceased was a Japanese man and two other Japanese nationals were the killers.
The first body part, a wrist, was discovered by a 10 year old Thai boy on April 19 in some abandoned land on Ban Kluay-Sai Noi Road in Bang Bua Thong district of Nonthaburi province. More human parts were found in black rubbish bags near the scene.
Bang Bua Thong Police Station officers meticulously searched the area and eventually found the skull in a roadside forest opposite where the wrist was discovered.
The skull bore a gunshot wound, and two teeth were missing. There were some hairs left on the skull, and the neck bone showed cut marks, leading the police to suspect that the victim was dismembered with a chainsaw.
Despite the victim’s identity remaining unknown, the police apprehended a Thai suspect, aged between 30 and 40 years old, yesterday. Three cars related to the case were seized for further investigation, including a white Nissan Almera sedan that had been abandoned near the scene for over a month.
The Thai man admitted to assisting the perpetrators. He recounted driving the two Japanese men and the victim to a warehouse in Nonthaburi province, where the Japanese men ordered him to leave the car.
While he stepped away to smoke a cigarette, he heard gunshots. According to his statement, the two Japanese men killed the victim and dismembered him. The Japanese killers put the body parts into the black rubbish bags and instructed him to dispose of the remains at the abandoned land.
The police are currently searching for the mentioned Japanese suspects and believe that they are still in Thailand. All the human remains were under an autopsy to confirm the deceased’s identities.
ORIGINAL STORY: Unidentified man found murdered and dismembered in Nonthaburi
Police are struggling to identify a dead man who was murdered and dismembered after human parts were discovered at an abandoned plot of land in the central province of Nonthaburi near Bangkok.
A 10 year old Thai boy notified Bang Bua Thong Police Station officers of the discovery of a human wrist on some abandoned land in Soi Jadsan Swing 2 on Ban Kluay-Sai Noi Road in Bang Bua Thong district of Nonthaburi on April 19.
The wrist bore a tattoo but the Thai authorities are unable to identify its design. A tattoo artist revealed in an interview with Channel 7 that the deceased may not be a Thai national, as yellow presented in the tattoo is not a common colour among Thais.
The artist added that the tattoo was identified as the Japanese old-school style, popular in the 90s. The artist estimated the deceased to be a man between 35 and 45 years old.
Police conducted a thorough investigation of the vicinity and nearby areas, uncovering additional human remains concealed within black rubbish bags. These bags had been discarded in a nearby pond. It was determined that the deceased had been murdered and chopped up before being left in the area.
Subsequently, officers came across a white sedan abandoned near the scene. Residents reported that the vehicle had been left there for over a month. The car was found without a registration plate, and its bonnet was left open.
More evidence
Police tracked down the car’s owner and found that it belonged to a Thai woman. The woman said she gave the car to her ex-boyfriend and had not been in contact with him since their breakup.
Her ex-boyfriend told police that he pawned the car some time ago and had not reclaimed it. Both denied any involvement in the murder or knowledge of who left the car at the scene.
A local angler in the area later found a black trash bag containing an axe, a knife, shoes, and other items in a nearby canal. Officers are investigating these items to determine if they are connected to the murder.
The Deputy Commander of the Provincial Police Region 1, Apichart Wannaphak, revealed in an interview with ThaiRath that the deceased was believed to have been murdered two to four weeks before his discovery.
According to Apichart, police are unable to identify the deceased due to multiple missing body parts. They believed that the deceased was male but unable to guess his nationality. Apichart stated that if the deceased’s skull is found, authorities may be able to determine nationality.
Apichart explained that officers are actively searching for the remaining body parts, despite the challenge posed by the case’s occurrence nearly a month ago. Additionally, they have been reviewing security camera footage in the area to identify any suspicious individuals. However, this task has proven difficult due to the high volume of vehicles and pedestrians entering the area.
The investigation into the case is ongoing.
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25 April 25 2024Central Thailand Newshttps://thethaiger.com/?p=740838 - Advanced guide to gold trading and hedging strategies for Thai investors
In the dynamic world of financial investments, trading in gold remains a cornerstone for those looking to diversify and stabilize their portfolios. Particularly for the Thai investor, with the nation’s deep cultural affinity for gold and its strategic geographical and economic position in Southeast Asia, understanding advanced gold trading techniques is paramount. This guide delves …
The story Advanced guide to gold trading and hedging strategies for Thai investors as seen on Thaiger News.
Advanced guide to gold trading and hedging strategies for Thai investorsLegacy In the dynamic world of financial investments, trading in gold remains a cornerstone for those looking to diversify and stabilize their portfolios. Particularly for the Thai investor, with the nation’s deep cultural affinity for gold and its strategic geographical and economic position in Southeast Asia, understanding advanced gold trading techniques is paramount. This guide delves into sophisticated hedging strategies that can safeguard investments against volatility, thereby securing financial prosperity in uncertain times.
Understanding gold trading dynamics
Before embarking on hedging strategies, it’s essential to grasp the fundamentals of gold trading. Gold’s inherent value and its perception as a safe-haven asset make it a pivotal component of any diversified investment portfolio.
- Spot and Futures Trading: In Thailand, investors can engage in spot trading, purchasing gold at its current market price, or opt for futures contracts, agreeing to buy or sell gold at a predetermined price on a specified future date.
- Exchange-Traded Funds (ETFs) and Shares: Investing in gold-related ETFs and shares of mining companies offers indirect exposure to gold prices, often mirroring the market’s fluctuations.
Advanced hedging strategies
Hedging strategies enable investors to mitigate risks associated with gold price volatility. By implementing these techniques, Thai investors can protect their investments while capitalizing on gold’s long-term value.
1. Gold futures contracts
Gold futures are a primary hedging tool. They allow investors to lock in prices for buying or selling gold at a future date, providing a hedge against potential market downturns.
- Long Hedge: Suitable for investors planning to purchase gold in the future. By locking in a purchase price now, they can avoid higher costs later due to market upswings.
- Short Hedge: For investors holding gold, a short hedge protects against a drop in gold prices by locking in a selling price today for a future transaction.
2. Options on gold futures
Options grant the right, but not the obligation, to buy (call option) or sell (put option) gold futures at a specific price before a certain date. This flexibility offers a strategic advantage in hedging:
- Call Options: Investors anticipating gold price increases can buy call options to secure a lower purchase price, benefiting from upward movements while limiting losses to the option’s premium if the market declines.
- Put Options: Conversely, holding put options allows investors to hedge against price falls, enabling them to sell gold at a predetermined price even if the market drops, with risk limited to the option premium.
3. ETFs and gold shares
For those seeking indirect gold exposure, hedging through gold-related ETFs and mining company shares can be effective. By using options and futures in these financial instruments, investors can hedge against broader market movements impacting gold prices.
- Diversification: Investing across various gold-related assets, including ETFs, shares, and physical gold, can spread risk.
- Leverage and Short Selling: Utilizing leveraged ETFs or short-selling gold-related shares can also serve as a hedge, albeit with higher risk and potential for significant returns or losses.
Portfolio diversification and balance
Diversification stands as a cornerstone of risk management. By distributing investments across different asset classes, including gold, investors can reduce the impact of volatility on their portfolios.
- Balanced Approach: Incorporate a mix of physical gold, gold futures, options, ETFs, and shares of gold mining companies to spread and manage risk.
- Sector Analysis: Stay informed about global economic indicators, currency fluctuations, and sector-specific news, as these factors can influence gold prices and the performance of gold-related assets.
Navigating regulatory considerations in Thailand
Understanding Thailand’s regulatory framework is essential for engaging in gold trading and hedging activities. Regulations can affect how investments are made, the taxes levied on gains, and the reporting requirements for transactions.
- Securities and Exchange Commission (SEC) Guidelines: Familiarize yourself with SEC Thailand’s regulations regarding gold trading, especially for derivatives like futures and options.
- Taxation: Be aware of the tax implications for profits derived from gold trading. Consulting with a financial advisor or tax specialist can provide clarity and ensure compliance with Thai tax laws.
Practical tips for effective hedging
Effective hedging requires more than just understanding the strategies; it demands a proactive and informed approach to decision-making.
- Continuous Education: Stay updated on market trends and economic factors affecting gold prices. Resources include financial news, market analysis, and educational workshops.
- Risk Assessment: Before implementing any hedging strategy, thoroughly assess your risk tolerance and investment goals. Hedging should align with your overall financial plan, not serve as a speculative venture.
- Professional Advice: Consider seeking advice from financial advisors or investment professionals, especially when dealing with complex instruments like options and futures.
- Start Small: If you’re new to hedging, begin with smaller positions to understand the mechanics and risks involved. Gradually increase your exposure as you gain confidence and experience.
- Monitor and Adjust: Regularly review your hedging positions and portfolio performance. Be prepared to adjust your strategies in response to market changes or shifts in your investment objectives.
Conclusion
For the Thai investor, gold trading offers a valuable opportunity to enhance portfolio stability and performance through well-thought-out hedging strategies. By understanding the dynamics of gold trading, navigating the regulatory environment, and applying diversification and risk management principles, investors can effectively shield their investments from volatility. The key to success lies in education, meticulous planning, and adaptability to the ever-changing financial landscape.
As gold continues to play a significant role in investment portfolios, the strategies outlined in this guide will equip Thai investors with the knowledge and tools necessary to navigate the complexities of the gold market confidently. Whether through direct physical gold investments, derivatives, or gold-related securities, the path to a resilient and prosperous investment journey is paved with informed decisions and strategic hedging practices.
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25 April 25 2024Guideshttps://thethaiger.com/?p=740924