Thailand Morning News For June 27

Thailand Morning News For June 27

Thailand morning newsAsean Property Market Q1: Thailand an Island in Stormy Seas
Figures assembled by international real estate firm Knight Frank show that in the first quarter of this year (Q1 2017) the Thailand property market remained an island of opportunity in a region of stormy seas.
— AEC News Today

Korn frets over risk of zero-growth economy
FORMER finance minister Korn Chatikavanij is more troubled by the country’s sluggish economic growth rather than the prospects for a repeat of the Asian financial crisis that broke out in 1997.
— The Nation

Armed forces told to prepare arms shopping lists for PM during his US visit
The three armed forces have been told by Defence Minister Prawit Wongsuwan to prepare their separate lists of armaments or spare parts they want to procure from the United States within this month so that they can be complied and submitted to Prime Minister Prayut Chan-ocha before his visit to the US tentatively in July at the invitation of President Donald Trump.
— Thai PBS

Bt170-bn loan on track for high-speed rail link
THE FINANCE MINISTRY is ready to accept a massive loan of up to Bt170 billion to finance the Thai-Chinese high-speed train project pending the Transport Ministry’s final proposal on the controversial scheme, Finance Minister Apisak Tantiworawong says.
— The Nation

CDC steps in to look into problems with primary voting system
Constitution Drafting Committee (CDC) chairman Meechai Ruchupan said Monday that the committee is obliged to look into the problems associated with primary voting system as the Election Commission appears to be unaware of the problems raised by political parties.
— Thai PBS

Agriculture Ministry ready for EU fisheries review
The Ministry of Agriculture and Cooperatives has prepared essential information for European Union (EU) inspectors who will be evaluating Thailand’s efforts against illegal fishing practices in July.
— NNT

Household debt third in Asia-Pacific
Thailand’s household debt was the third highest in Asia-Pacific in the third quarter of 2016, driven by the heavy load of first-jobbers’ personal loans, say researchers at the central bank’s think tank.
— Bangkok Post

NRSA approves reform of tertiary education
The National Reform Steering Assembly has approved a proposal on the reform of the structure of Thailand’s tertiary education.
— NNT

Prasarn joins chorus urging bubble caution
Former Bank of Thailand governor Prasarn Trairatvorakul has flashed a warning that cooperatives and an unbalanced property sector will be the sources that trigger a new financial crisis if regulators fail to tighten rules and regulations in a pre-emptive move to keep problems from spiralling out of control.
— Bangkok Post

Tourism revenue rises in first 5 months
The Ministry of Tourism and Sports revealed that the tourism revenue during the first five months of this year increased by 6.1% compared to the same period last year.
— NNT

Calculating zero-dollar tour costs
The consequences of cheap Chinese tour packages aren’t only monetary, as issues related to safety may put far more than Thailand’s reputation as a tourism hotspot on the line.
— Bangkok Post

POLL CLAIMS OVER HALF SUPPORT PRAYUTH’S RETURN AS PM
A university poll published Sunday said over half of respondents agreed with the idea of junta leader Gen. Prayuth Chan-ocha remaining prime minister after the next elections.
— Khaosod English

Business Development Dept, Board of Trade to help four priority sectors reap EEC benefits
The Business Development Department has joined forces with the Board of Trade of Thailand to support 30 trade associations in drawing up strategies for driving business growth
— The Nation

Ride hailing taxi service is OK, but the cars must be properly registered
Ride hailing service is permissible but the cars used in the service must be properly registered, said Mr Sanit Promwong, director-general of Land Transport Department, on Monday.
— Thai PBS

BANGKOK COMPUTER EXPO SWEPT UP BY DIGITAL GOLD RUSH
Thousands flocked to a computer expo over the weekend to snatch up components to mine online money.
— Khaosod English

Banks, insurance players eye boost to fintech ties, PwC says
Due to growing concerns of incumbents losing business to a new breed of financial service providers, more than 82% of financial institutions have expressed interest in forming relationships with fintech firms in the next there to five years, according to a PwC report.
— Bangkok Post

Commerce Ministry organizes E-san Expo 2017 to boost local economy
The Ministry of Commerce has mobilized its policy to stimulate the grassroots economy and organized the “E-san Expo 2017”, which is showcasing local products and tourist attractions from the upper northeastern region.
— NNT

Automated distillery eyes 10% of liquor market
A TECHNOLOGICALLY advanced, fully automated distillery established late last year in Chai Nat province by a group of executives of Carabaodang aims to have a 10-per-cent share of Thailand’s Bt100-billion liquor industry by the end of next year.
— The Nation

Over 24,000 of mostly children afflicted with hand foot mouth disease in six months
Over 24,000 people, mostly children up to four years old, were infected with hand foot mouth disease during the first six months of this year with one fatality, according to the statistics of the Diseases Control Department.
— Thai PBS

Myanmar, Thailand incinerate illicit drugs worth US$800 million
Officials in Myanmar and Thailand burned illegal narcotics worth more than US$800 million on Monday to mark the UN day against drug abuse and trafficking.
— Channel NewsAsia

 

Feature photo John Le Fevre 
Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).

Thailand morning news by AEC News Today is your one stop source for Thailand news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies not politics.

 

 

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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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