Thailand Morning News For June 9

Thailand Morning News For June 9

Thailand morning newsAsean Foundation & Thai Chulabhorn Scholarships for Asean Bachelor Degree Holders
Asean bachelor degree holders have until the end of October to get their application in for eight fully funded scholarships at Thailand’s Chulabhorn Graduate Institute (CGI).
– AEC News Today

Thailand proposes palace budget of more than US$123 million
Thailand’s junta plans to allocate more than US$123 million for the monarchy in the 2018 budget, an apparent cut of more than 14 percent from this year, figures published on Thursday showed.
– Chanel News Asia

Commerce to update buying prices on mobile application for farmers
The Ministry of Commerce will update rice millers’ buying prices for rice production on a mobile application, Thai Farmers, so that farmers can check for fairer rice prices before selling to them.
– Thai PBS

Education, defence top budget
THE government’s Bt2.9-trillion budget for 2018 has massive spending of Bt575 billion for upgrading workers’ skills and education, plus related activities, while the Defence Ministry’s budget rises Bt8.8 billion to Bt222 billion.
– The Nation

Daimler set to invest on plant in Chon Buri
German automaker Daimler Commercial Vehicles Thailand is set to invest in a truck assembly facility in Chon Buri after ending a seven-year-long manufacturing relationship with Hong Kong-listed Tan Chong International Ltd.
– Bangkok Post

Thailand aims to become food capital: PM
The government has stressed on support for agricultural sector and urged farmers to use the Pracharat cooperation scheme to make the country a food capital in the future.
– NBT World (VDO)

Prayut defends B450bn deficit as budget passes first hurdle
Prime Minister Prayut Chan-o-cha on Thursday defended the proposed 450-billion-baht budget deficit for fiscal year 2018 while stressing the government’s spending plan is aimed at strengthening the country, not consolidating the regime’s power.
– Bangkok Post

May consumer confidence index decreases
The consumer confidence index in May 2017 dropped for the first time in six months mainly due to the recent bombing incidents and decreasing agricultural product prices, according to the Center for Economic and Business Forecasting (CEBF).
– NNT

Negative income tax under study
A NEGATIVE-income-tax scheme is being studied by the government as a means of helping people who earn less than Bt30,000 a year.
– The Nation

Certain Thai exports likely to be impacted by Qatar isolation
The Ministry of Commerce has indicated that the isolation of Qatar by its neighboring countries could affect exports of some Thai products.
– NBT World (VDO)

SME Provincial Champions project continues this year
The Office of SMEs Promotion has organized a seminar to develop Thai SMEs in preparation for the 4.0 industry. The office announced that it will continue to support SMEs nationwide under the SME Provincial Champions project.
– NNT

4 NOB officials in alleged temple corruption
Police raided 10 temples on Thursday to gather evidence of alleged corruption linked with four officials of the National Office of Buddhism (NOB).
– Bangkok Post

Drinks giant’s Thai unit bets on innovation
KAAN BARAL, managing director of Diageo Moet Hennessy (Thailand), aims to drive sustainable business growth with a focus on product and marketing innovation, business simplification, and productivity enhancement within the orgnisation.
– The Nation

Siam Cement Group kicks off ASEAN’s first industrial-focused venture fund
Siam Cement Group (SCG), Thailand’s largest industrial conglomerate, has launched AddVentures, the first industrial-focused venture capital fund in ASEAN, the company said on Thursday.
– Deal Street Asia

Thai lender KBank launches $29m Beacon VC fund to invest in fintech
Kasikorn Bank (KBank) on Wednesday launched Beacon Venture Capital, a new investment arm with an initial capital fund of one billion baht ($29 million), focusing on financial innovations that align with KBank strategies.
– Deal Street Asia

FUTURE OF ELECTION COMMISSION HINGES ON FRIDAY VOTE
The interim national assembly on Friday will vote on whether to disband the Election Commission and replace it with an expanded number of commissioners.
– Khaosod English

Chulalongkorn U ranked 245th in world’s best universities for 2018
Chulalongkorn University has emerged among the world’s 300 best universities in the Quaoquarelli Symonds (QS) World University Rankings for 2018, being placed at 245th ranking – an improvement of seven rankings from last year’s.
– Thai PBS

SME Bank borrowers in repayment streak
No new loans extended by the Small and Medium Enterprise Development Bank of Thailand (SME Bank) have turned sour year-to-date, and the state-owned bank’s bad loan ratio is expected to continue to fall…
– Bangkok Post

Finance Ministry to approve first set of low income welfare
The Ministry of Finance will review the first round of welfare benefits for low-income earners, which have been approved by the Fiscal Policy Office and the Comptroller’s
– NBT World (VDO)

Dusit bent on branching out
From a new hotel brand for the young at heart to fresh restaurant offerings, the head of Dusit International says the sky’s the limit.
– Bangkok Post

Operators hiring children aged 15-18 must report employment to labor inspectors
The Department of Labor Protection and Welfare has instructed all operators to report any employment of child labor aged between 15-18 to labor inspectors within 15 days after beginning work.
– NNT

Thailand durian & rambutan exports reach $881m
The demand for Thailand’s durian and rambutan outside the country is growing exponentially according to the Office of Agricultural Economics (OAE) with the income from exporting the two fruits should pull in THB30 billion this year.
– Fresh Plaza

Real-time analytics win over Teradata
Integrating all data into a single view with advanced real-time analytics is critical to the success of organisations’ digital transformation, says Stephen Brobst, chief technology officer of data analytics company Teradata Corporation.
– Bangkok Post

Digital TV operators call for burden-free OTT regulations
The NBTC’s Over the Top broadcast subcommittee has responded to requests from digital TV operators to create new regulations on Over the Top (OTT) broadcast services without raising more burdens for them.
– NNT

Secretary of House of Representatives confident 50% of new Parliament built by year’s end
The Secretary of the House of Representatives is confident that the construction of the new Parliament complex will reach the half-way mark by the end of this year.
– NNT

Spree of electric wire thefts in Phuket casues Bt2mn in damages
PHUKET: Police are hunting for a thief or thieves who have been stealing wires and equipment from electric poles in many areas of Phuket, causing more than Bt2 million worth of estimated loss.
– The Nation

 

Feature photo Daniel Perries
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 40 years experience as a journalist, photographer, videographer, and copy editor.

He has spent extensive periods of time working in Africa and throughout Southeast Asia, with stints in the Middle East, the USA, and England.

He has covered major world events including Operation Desert Shield/ Storm, the 1991 pillage 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.

In the mid-80s and early 90s he owned JLF Promotions, the largest above and below the line marketing and PR firm servicing the high-technology industry in Australia. It was sold in 1995.

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