Thailand Morning News For March 8

Thailand Morning News For March 8
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Welcome to the Thailand morning news roundup by AEC News Today, your one stop for Thailand news on matters of governance and policies affecting Asean business communities.

 

Thailand morning news

Govt to make Thailand major aviation center in South Asia
The government is planning to transform Thailand into a major aviation center of South Asia.
– National News Bureau of Thailand (NNBT)

Thailand remains one of top three in region
COINCIDING with International Women’s Day today, a report based on Grant Thornton’s annual survey of 5,500 businesses in 36 economies reveals that the proportion of senior business roles held by women in the Asia-Pacific region has risen from 23 per cent in 2016 to 25 per cent so far this year.
– The Nation

The New York Post blocked in Thailand
Without any explanation, Thailand has blocked access to the New York Post.
– Prachatai English

Outflows surge on US rate rise signal
Hot money will keep flowing out of Thailand’s bond market in anticipation of a US Federal Reserve rate hike this month, says a Maybank economist.
– Bangkok Post

Ministry offers guidelines on how to use social media
The Digital Economy and Society (DE) Ministry has released guidelines and a handbook for consumer and business protection in the context of safe social media use and cyberthreats.
– Bangkok Post

DSI Suspects Dhammajayo Hiding in Newly Fortified Hospital
Just north of the sprawling Wat Dhammakaya complex is an unfinished hospital called Boonraksa. Soldiers tried to search it weeks ago, but were pushed back by a crowd of monks and the faithful.
– Khaosod English

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Thailand’s SCG unit takes over Vietnam Construction Materials in ASEAN operation push
SCG Cement – Building Materials Company Limited, a subsidiary of Thai major SCG, has fully acquired Vietnam Construction Materials JSC from its existing owners, the company said in a filing.
– Deal Street Asia

Employee-vendor relationships are a key financial crime risk: PwC
THE OVERWHELMING interest in PwC’s Forensics Summit held in Bangkok yesterday shows how seriously Thailand’s top companies are treating the threat of corruption and other financial crimes, said Vorapong Sutanont, PwC Consulting (Thailand) Forensics partner.
– The Nation

Ending widespread tax evasion by SMEs in Thailand
The old tricks that some smaller Thai businesses have used to avoid paying taxes like other citizens may be coming to an end with new govt measures and technologies.
– Bangkok Post

Cabinet approves Asset Management amendment bill
The Cabinet Tuesday approved a bill for amendment of the BE 2551 (2008) Royal Decree defining Asset Management Corporation, to provide more authority to purchase and restructuring debts of state agencies and non-bank financial institutions.
– The Nation

Revenue eyes on e-commerce, entertainment venues to generate more tax incomes
The Revenue Department (RD) is eyeing on online business, pubs, discotheques, and restaurants to generate more tax income after tax collection this year falling six billion baht short of target.
– Thai PBS

Enforced disappearance in Thailand worsening since coup: civil society
A coalition of human rights organisations has condemned the junta’s suspension of a bill aimed at criminalising state enforced torture and disappearance, arguing the legal gap facilitates human rights abuses.
– Prachatai English

Heavy crackdown looms on Uber, ride-sharing apps
THE LAND Transport Department is planning to propose the use of Article 44 of the interim charter to ban drivers using Uber and other ride-sharing apps. Deputy director-general Nanthapong Cherdchu yesterday said a sting operation on Monday in Bangkok had led to 18 Uber drivers being arrested. Each was fined Bt2,000.
– The Nation

Thailand’s plan to release rubber stocks affects local prices
Indonesian rubber farmers have suffered losses from the decline in global rubber prices as their product now sells for Rp 9,000 (67 US cents) per kilogram, from Rp 12,000 previously
– The Jakarta Post

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HomePro mulls CLMV investment
SET-listed Home Product Center Plc (HMPRO) is considering expanding to neighbouring countries with a total investment budget of 6-7 billion baht, says Rakpong Aroonwatdhana, HomePro’s head of investor relations.
– Bangkok Post

Court judgements soon accessible online
LITIGANTS WHO have cases in the Administrative Courts will soon be able to ask for the judgements online or with a mobile application.
– The Nation

Thailand 4.0 Means Opportunity Thailand’: Government taking steps to attract investments in targeted industries
The government of Thailand is taking a number of measures to shift the country from a production-based to a service-based economy, moving from producing commodities to innovative products, emphasising on promoting technology, creativity, and innovation in the industries under focus.
– Open Gov Asia

Time dotCom acquires 49% stake in Thailand’s Symphony for RM280mil
Time dotCom Bhd has announced its strategic investment plan of 2.2 billion baht (RM280mil) for a shareholding of up to 49% in Symphony Communication Public Company Ltd.
– The Star Online

Vittoria opens tire and wheel test center in Thailand
Vittoria’s manufacturing company, Lion Tyres Thailand, has opened a bicycle tire and wheel test center at its rubber compound factory and R&D complex at Rayong Industrial Estate in Thailand.
– Bicycle Retailer

Thailand seizes 422 pieces of smuggled elephant tusks
Thai authorities have seized 422 pieces of elephant tusks and arrested a Gambian man suspected of smuggling the ivory, customs officials said Tuesday.
– Chicago Tribune

Thailand drops defamation case against human rights activists
The announcement by the Thai military that it will drop the criminal case against an Amnesty International chairperson and two other human rights activists who would have faced prosecution for reporting on torture is a step in the right direction, Amnesty International said today.
– Amnesty International

 

 

Feature photo: John Le Fevre

 

 

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The Thailand morning news roundup is published M-F by AEC News Today: Governance, not government; policies not politics.

 

 

 

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John Le Fevre

John Le Fevre

Managing 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.

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