Thailand Morning News For June 1

Thailand Morning News For June 1

Thailand morning news

Food exports forecast to grow 10.8%
hailand’s food exports are expected to fare better than earlier projected, fuelled by the world’s economic recovery, abundant raw materials and more value-added food items.
– Bangkok Post

Lazada ready to set up E-Commerce Park in EEC
Lazada Thailand, a company within China’s Alibaba Group, is expected to select a location to establish its electronic-commerce park in the Special Economic Zone of the east within the next two months and begin operation in early 2019.
– NNT

Nod for tollways to fund new projects
THE CABINET yesterday agreed to allow the Expressway Authority of Thailand (Exat) to include two of its existing projects in the Thailand Future Fund (TFF) to mobilise financing for two new projects worth a total of Bt44.82 billion.
– The Nation

Competition hot in Thailand-China air travel market
Competition in the Thailand-China air travel market has intensified to the point where potential newcomers may have second thoughts before wading in.
– Bangkok Post

Lower house value tax trigger sought
THE Finance Ministry has suggested to the National Legislative Assembly’s monetary and fiscal committee to lower the value of houses from the proposed minimum of Bt50 million to Bt10 million for levying the land and buildings tax.
– The Nation

Islamic Bank to undergo financial restructuring
The cabinet has given approval to a plan to transfer the Islamic Bank’s non-performing loans (NPLs) incurred by non-Muslim borrowers to the Islamic Assets Management Company and to reduce the value of the bank’s shares to one satang/share to write off its accumulated debts, said Mr Natthaporn Jatusripitak, an advisor to the commerce minister.
– Thai PBS

Mobile payments are catching on strong in Southeast Asia
Cash is still king in Southeast Asia, but may be dethroned sooner rather than later as the region embraces the cashless society using smartpones tied to mobile payment systems.
– Nikkei Asian Review

Russia keen to offer network, search services
RUSSIA’S Ministry of Telecom and Mass Communications has proposed offering social network and search engine services in Thailand based on Russian platforms.
– The Nation

11 villagers fined for ‘causing global warming’
After a court ruled them guilty of causing global warming, 11 villagers have appealed and pleaded for a court fee exemption. The authorities are increasingly using judicial harassment against local people whose traditional homes overlap with national park areas, says an NGO.
– Prachatai English

Chearavanonts keep top spot in wealth
THE CHEARAVANONT brothers of Charoen Pokphand Group are the biggest gainers in wealth, adding US$3 billion (Bt102 billion) to retain their No 1 spot with a fortune of $21.5 billion, according to Forbes Asia and Forbes Thailand in the June issue unveiled yesterday.
– The Nation

NRSA to conclude case against King Power Duty Free
The National Reform Steering Assembly is preparing to conclude and submit to the Prime Minister a report related to alleged irregularities surrounding the duty-free concessions operation of the King Power group.
– NNT

Airport construction on Ko Phangan ordered to stop
A private airlines was yesterday ordered to stop construction of an airport on Ko Phangan in Surat Thani after it was found to encroach on national park and forest areas.
– Thai PBS

Food exhibition tipped to pull in Bt10 billion
THAIFEX-World of Food Asia will generate Bt10 billion in trade value over the five days of the exhibition in Bangkok, the Commerce Ministry estimates.
– The Nation

Heavy rains affect rice fields in northeast
Provincial authorities in many provinces have provided assistance to their residents and farmers as flash floods have inundated homes and crop plantations.
– NNT

Thailand’s new land and buildings tax bill to see considerable changes
The Government Housing Bank has organized a seminar to discuss what the public can expect from the new land and buildings tax law, which will come into effect at the beginning of 2019.
– NNT

Thailand Ministry launches online fruit shop
The Ministry of Commerce is ready to start using e-commerce as a direct medium for fruit sales, reported the National News Bureau of Thailand.
– Fresh Plaza

 

Feature photo Paul_the_Seeker
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John Le Fevre

Thailand editor at AEC News Today

John is an Australian national with more than 35 years experience as a journalist, photographer, videographer and copy editor.

He has spent extensive periods of time working in Africa and throughout Southeast Asia.

He has covered major world events including the 1991 pillage riots in Zaire, the 1994 Rwanda genocide, the 1999 East Timor independence unrest, the 2004 Asian tsunami, and the 2009, 2010 and 2014 Bangkok political protests.

In 1995 he was a Walkley Award finalist, the highest awards in Australian journalism, for his coverage of the 1995 Zaire (now Democratic Republic of Congo) Ebola outbreak.

Prior to AEC News Today he was the deputy editor and Thailand and Greater Mekong Sub-region editor for The Establishment Post, predecessor of Asean Today.

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