Sales of residential
units in the Eastern
Economic Corridor (EEC) have taken a nosedive, particularly near
industrial estates, following a wave of factory closures.
Vichai Viratkapan, acting
director-general of the Real Estate Information Center (REIC),
pointed the finger at the shuttering of large factories since last year, which
has severely impacted housing demand in Chon Buri and Rayong.
“New sales of condos and
townhouses in industrial zones have fallen for two consecutive quarters, from
the first to the second quarter of this year.”
In the second quarter of
2024, new residential unit sales across Chon Buri, Rayong, and Chachoengsao
totalled just 5,132 units, valued at 16.8 billion baht, the lowest figures
recorded since REIC began its quarterly surveys in early 2022. This represents
a sharp decline from 6,563 units worth 21.7 billion baht in the first quarter,
and 7,872 units worth 25.8 billion baht in the fourth quarter of 2023, which
was the highest since early 2022.
By category, low-rise
housing in Rayong faces the longest sell-out timeframe, projected at 29 months,
assuming no new supply hits the market, thanks to a surplus of stock. This
trend is particularly pronounced in the 2-3 million baht price range, especially
in areas like Nikhom Amata City-Eastern, Nikhom Hemaraj, and Nikhom Map Ta
Phut.
Nikhom Amata City-Eastern
holds the largest supply of low-rise homes with 1,426 units available, but only
116 units were sold in the second quarter, resulting in a dismal absorption
rate of 2.7% and an estimated 33.9 months to sell out.
Similarly, Nikhom Hemaraj
and Nikhom Map Ta Phut had supplies of 1,093 and 1,065 units respectively, yet
only 93 and 80 units were sold in the same period.
Chon Buri also mirrored
this trend, with the largest inventory of low-rise homes priced between 2-3
million baht located near industrial estates. Notably, areas like Nikhom Pan
Thong-Phanat Nikhom boasted 1,147 units, while Nikhom Amata Nakorn-Bypass had
1,119 units—but sales were just 129 and 84 units respectively in the second
quarter.
The first half of 2024
has seen housing demand in the EEC dwindle, contrasting sharply with
year-on-year price index increases of 3.3% and 8.3% for vacant land, fuelled by
a surge of Chinese investors entering the electric vehicle sector, said
Premsorn Sriviboonchai, managing director of Rayong-based developer VP Real
Estate Property Development.
“The arrival of big names
like BYD and Changan in Rayong hasn’t sparked a housing demand boost because
they rely heavily on automation.”
The Journal welcomes original research papers and comprehensive research reviews in various fields of psychology, including Cognitive and Experimental Psychology, Developmental and Educational Psychology, Physiological and Medical Psychology, Personality and Social Psychology, Industrial and Organizational Psychology, Psychological Statistics and Measurement, History of Psychology and Fundamental Theories, etc.
General literature reviews will not be accepted for publication, unless they are Invited Submissions or highly authoritative reviews. Reports solely focused on the adaptation and translation of Western scales into Chinese will not be accepted; only papers detailing the original development of concepts and theories along with the construction of measurement scales will be considered.
The Michelin Guide has just upped the ante in Thailand’s luxury hotel game, unveiling the first-ever “Key” ratings for 58 of the country’s most outstanding hotels. If you thought Michelin was all about fine dining, think again. Now, the world-renowned guide is here to tell you where to stay too.
After four years of revamping its hotel selection process, Michelin has launched its One, Two, and Three Key system – similar to the famous Michelin Stars for restaurants. According to the Guide, One Key rating means a very special stay, Two Keys signal an exceptional stay, and Three Keys represent the pinnacle of luxury: an extraordinary stay.With more than 5,000 hotels globally under Michelin’s radar, the 2024 Thailand Guide includes 58 top-tier properties. Leading the pack are eight hotels awarded the prestigious Three Key rating. These luxury gems are scattered across Bangkok, Chiang Mai, Phuket, and beyond.
Bangkok’s Mandarin Oriental and The Siam, Chiang Mai’s Four Seasons Resort, and Phuket’s Keemala and Amanpuri are among the crème de la crème with Three Keys. For those after an exceptional stay, the list expands to 19 Two Key hotels, including Capella Bangkok, Rosewood Phuket, and Anantara Golden Triangle Elephant Camp.For the rest of us, 31 One Key hotels are offering very special stays without skimping on style or comfort. From Bangkok’s sleek 137 Pillars Suites to Phuket’s exotic COMO Point Yamu, there’s something for every traveller craving a touch of Michelin-rated luxury, reported The Nation.
The British media giant, known for its high standards, placed the luxurious Thai retreat at the top of its 2024 list, beating fierce global competition. This award comes after The Telegraph’s hotel and destination experts combed through a staggering 10,000 hotel reviews to determine the crème de la crème.
P Sornsaruht, S Sawmong - Asia-Pacific Social …, 2018 - animorepository.dlsu.edu.ph
… When a street food dish wins a Michelinstar in Bangkok for a crab omelet, maybe it has … Bangkok street vendor with Michelinstar wants to give it back. Independent. Retrieved from …
P Supawan, P Sornsaruht, P Pimdee - African J Hosp Tour Leis, 2019 - researchgate.net
The United Kingdom’s out-of-home (OOH) foodservice industry in 2019 is estimated to be worth over£ 56 billion, with Thai cuisine restaurants estimated to be over 1,600 in this UK …
P Sornsaruht - Journal of Ecohumanism, 2024 - ecohumanism.co.uk
This study examines the factors influencing the likelihood of luxury hotel guests returning for future visits. Drawing from existing literature, the author identified five underlying factors and …
[CITATION]DETERMINANTS OF NIGHT MARKET DESTINATION LOYALTY: A STRUCTURAL EQUATION MODEL ANALYSIS
D Bamrongpol, P Sornsaruht, S Deebhijarn - PalArch's Journal of Archaeology of …, 2021
Employment growth has been overestimated by the Bureau of Labor Statistics (BLS) over the past few years, garnering the attention of a chorus of prominent individuals, from former President Donald Trump to Federal Reserve Chair Jerome Powell.
As sizable revisions to previous months’ job data become more frequent, economic observers have presented various theories, such as poor data collection methods, to ascertain the reason behind this trend.
One of the causes might be the decline in response rates.
The federal statistics agency conducts a comprehensive approach to generating employment data every month.
The first is known as the Current Population Survey (CPS). Researchers contact approximately 60,000 households—by phone, video calls, emails, mail, and personal visits—to determine the employment status of individuals 15 and older.
They present a series of standard questions relating to work, employment activity, and job search. These findings are used to produce the unemployment rate.
The second is the Current Employment Statistics Survey (CES), which consists of interviews with 119,000 nonagricultural businesses and government agencies, representing approximately 619,000 individual worksites.
These surveys offer insights into vital industry data, such as employment, earnings, and hours for nonfarm payrolls.
These findings have been integral for decades for public policymakers, financial markets, and economists.
However, according to the BLS, fewer people respond to the survey.
For the CPS, the overall response rate was 90.3 percent in January 2013 and 70.5 percent in August 2024. For the CES, the overall response rate was 63 percent in July 2014 and 43 percent in June 2024, according to the BLS.
Officials say response rates substantially decreased at the onset of the COVID-19 pandemic and that the drop “accelerated during the pandemic.”
To ensure high-quality data, the federal agency pays close attention to the nonresponse “because it has a direct effect on data quality.”
“If the rate of nonresponse is high, it increases the chance that the final survey estimates may reflect bias,” the BLS stated.
“CPS estimates may reflect bias if the characteristics and labor force statuses of nonresponding households differ from those of responding households.”
There could be various reasons behind the nonresponse, such as privacy issues, unavailable respondents, and challenges contacting respondents.
“In recent years, it has become more difficult for Census interviewers to reach respondents, either in-person or by telephone,” the BLS stated.
In June, BLS Commissioner Erika McEntarfer suggested that budgetary constraints might force the agency to reduce the CPS sample size by 5,000.
“Budgets have not been keeping up with rising survey costs, and over the course of time, many actions have been taken to try and reduce survey costs in the field,” McEntarfer said at a Federal Economic Statistics Advisory Committee meeting.
She confirmed at the Council of Professional Associations on Federal Statistics (COPAFS) quarterly meeting in late June that the sample size would be reduced and that the change would go into effect in 2025.
In a May letter to lawmakers, COPAFS recommended giving the BLS “no less than $812 million in FY 2025.”
While McEntarfer says the leadership is exploring different options, Peterson Institute for International Economics senior fellow David Wilcox said that there “is no fully articulated strategy” for substituting the CPS should the situation worsen.
“The CPS gathers information about aspects of the labor market that are difficult or impossible to measure using ‘big data’ or alternative sources,” Wilcox said.
“If the survey response rate were to implode—and the current plan to add an internet self-response mode were to encounter similar challenges—it’s not clear how the statistical agencies would proceed.”
Hit and Miss
So far this year, the BLS initially reported 1.84 million jobs. Following the first and second revisions, employment growth was adjusted lower by about 370,000 jobs.
In August, the Department of Labor’s annual benchmark revisions updated the payroll data, showing that the economy created 818,000—or 30 percent—fewer jobs from April 2023 to March 2024.
The update—Quarterly Census of Employment and Wages (QCEW)—represented the most extensive downward revision to employment gains since the global financial crisis.
In the 12 months through March, the average monthly job gains were 174,000, down from the initial report of 242,000.
While it might seem like a new phenomenon, research by Education Advisors reveals that the BLS has overestimated job growth by, on average, 5.6 percent per year, “or about 9 million jobs.”
The federal government overestimated or underestimated growth by 20 percent or more for nearly half of all job categories, the study found.
“Due to unpredictability and uncontrollable factors that exist in economic forecasting, it could be said that landing a perfect job growth prediction is harder than landing a rocket on the moon—we should expect some wide margins of error,” the study authors wrote.
“However, job growth predictions that are grossly under or overestimated provide shocking evidence as to just how wildly wrong one of the highest U.S. economic authorities can sometimes be.”
Powell told reporters at a press conference after last week’s Federal Open Market Committee meeting that monetary policymakers considered, as part of their decision to cut interest rates by 50 basis points, that the latest batch of payroll numbers might be “artificially high” and could show further downward changes.
“We had the QCEW report, which suggests that the payroll report numbers that we’re getting may be artificially high and will be revised down,” Powell said.
Economists are debating whether the revisions have altered the portrait of the economic landscape.
Bill Adams, Comerica Bank’s chief economist, said last week that the “big downward revisions” to the job numbers “show the labor market is not doing as well as previously thought.”
“Considering the downward revisions in the August jobs report as well as the preliminary benchmark revision announced in mid-August, job growth in the last 12 months was just 157,000 per month, much slower than the 218,000 12-month average through June in the data available when the Fed met last on July 30 and 31,” Adams said in a note.
However, Dean Baker, a senior economist at the Center for Economic and Policy Research, has said that the downward adjustments do not imply a weaker labor market.
“What they tell us is that the economy is creating fewer jobs than we had previously believed,” Baker said. “But if we have high levels of employment with fewer jobs, what exactly is the problem?”
The September jobs report will be released on Oct. 4.
Early forecasts suggest that the economy created 130,000 new jobs and that unemployment ticked higher to 4.3 percent.
Aims and Scope: Scientific Data focuses on publishing detailed descriptions of research datasets and articles on research data sharing across a range of fields including natural sciences, medicine, engineering, and social sciences. Its primary publication format is the "Data Descriptor," which emphasizes data reuse, methodologies for data collection, and technical validation rather than testing hypotheses or offering new interpretations.
Content Type: Scientific Data mainly publishes Data Descriptors—detailed reports on datasets aimed at enabling others to reuse the data. Articles focus on how data were collected, stored, and processed rather than traditional research findings.
Focus: The journal prioritizes sharing, reusing, and validating datasets. If your paper revolves around creating datasets, methods for data collection, or technologies for managing large educational datasets, this would be a good match.
Is this a good match?
Given that your paper aims to leverage data mining techniques for psychological well-being in educational settings, if it primarily focuses on describing the datasets used for this research and how they are analyzed for reuse by others, Scientific Data could be a suitable outlet. However, if the focus is more on theoretical insights, new methodologies, or broader analyses rather than dataset description and reuse, this may not be the best fit.
Alternative Q1 Journals:
If Scientific Data is not the ideal match, here are alternative Q1 journals that focus on educational data mining or psychological well-being:
Computers & Education (WOS)
Focuses on the intersection of computing and education, including the application of data mining in educational settings.
Journal of Educational Data Mining (JEDM) (NOT WOS)
Specifically dedicated to research in educational data mining, with a strong focus on predictive models and methodologies used to assess student performance and well-being.
IEEE Transactions on Learning Technologies (WOS)
This journal focuses on the use of technology in educational settings, including data mining techniques for analyzing student data and improving educational outcomes.
Frontiers in Psychology – Educational Psychology
A Q1 journal that publishes research in the field of educational psychology, which may be suitable if your focus includes psychological well-being and its educational implications.
These alternatives may align better depending on the specific focus of your research.
Warning: All links to the verified journal site are dead. An email to the verified email for the journal bounces back as dead. The domain "oresta.org" was only registered in Feb. 2023 by Marcaria International LLC.
Starting From January 2023, APC is GBP 2500. Authors pay one time article processing charges to cover the cost of peer review administration and management, professional production of articles in PDF and other formats.
Withdrawal Charges
It is essential to note that the publication process involves significant resources and efforts from our editorial and peer-review teams. To ensure the commitment of authors towards the process, we have introduced withdrawal charges.
Withdrawal Charges: A standard withdrawal fee of 500 GBP will be applicable to articles that are withdrawn after a certain stage in the publication process. This fee is intended to offset the administrative and editorial efforts that have already been invested in the article up to that point.
Germany is sliding toward a recession, with the latest indicator flashing bright red. According to the European Automobile Manufacturers' Association (ACEA), new August data show that the demand for electric vehicles crashed.
ACEA reported a 69% plunge in EV deliveries in Germany last month, with just over 27,000. Across the region, there was a 36% drop. Sliding demand comes after Germany slashed incentives, making EVs less affordable for the working class.
Bloomberg's visual on the EV crash in Germany last month provides an ominous reality for the EV space and highlights troubles mounting for Europe's largest economy.
"The downturn in EVs is putting carmakers like VW and Renault SA at risk of hefty fines as tighter European Union fleet-emissions rules are set to kick in next year," Bloomberg noted.
ACEA warned, "A continuous trend of shrinking market share for battery electric cars in the EU sends an extremely worrying signal to industry and policymakers," adding automakers across the bloc must "call on the EU institutions to come forward with urgent relief measures before new CO2 targets for cars and vans come into effect."
The slump in new EV sales could derail the EU's zero-emission deadlines in the coming years. This has also pressured Volkswagen to consider closing factories for the first time ever.
Furthermore, the timing of the EV downturn in the EU comes as Germany's economy may already be in a recession.
The Bundesbank said Thursday that "the German economy is still navigating choppy waters," adding that the third quarter has been a very "weak start" for manufacturing and construction and disappointing household spending.
S Bengthong, P Suvarnathong, S Ukraisa, K Boonphak… - Revista de Gestão Social e …, 2024
Purpose: This phenomenological qualitative research investigates Public Health Emergency Management (PHEM) in response to COVID-19, with a specific focus on the case of Thailand’s Health Region 9 (Nakhon Ratchasima) and its program …
