Thailand Morning News For May 25

Thailand Morning News For May 25

Thailand morning newsWhat’s behind Thailand’s Q1 pickup?
Thai policymakers are becoming increasingly worried about the strength of the bhat, as it threatens to undermine the recovery in the country’s all-important external sector.
– Focus Economics

Private sector wants say in new excise tax
The Thai private sector wants to play a part in drafting the organic laws of the new excise tax law, citing concerns about its practicality once in place.
– Bangkok Post

38 firms look at key project
SOME 38 companies have picked up the bidding package for the Hua Hin-Prachuap Khiri Khan double-track railway project, while the State Railway of Thailand has extended the preparation period from 30 days to 45 days to allow them to more time to make detailed proposals and find partners.
– The Nation

TOT picks DTAC as partner for 4G-2.3GHz broadband service
TOT has selected Total Access Communication (DTAC) as partner to develop its fourth-generation wireless broadband service on the state telecom agency’s 2.3-gigahertz spectrum.
– The Nation

Price hikes help shine a spotlight on resale condos
With the average selling price of units in new condominium projects rising sharply, investing in resale units can be attractive as they are 26-44% cheaper, says property consultant Plus Property.
– Bangkok Post

Secretary-general of EEC panel confident Section 44 will help spur investment
Secretary-General of the Eastern Economic Corridor Policy Committee Khanit Saengsuphan has expressed confidence that the enforcement of Section 44 to expedite projects in the EEC will help attract the private sector to invest in the EEC more.
– NNT

Laos, Thailand agree on master plan
THAILAND AND Laos have agreed to draw up a a five-year master plan to double the value of bilateral trade and investment to US$10 billion (Bt344 billion) by 2021.
– The Nation

CFR readies B1bn for supermarkets
Central Food Retail Co (CFR), the operator of Tops Supermarket, will allocate more than 1 billion baht to expand its business this year, introducing its Tops Plaza format and boosting its Superkoom ssupermarkets ten-fold to 200 branches.
– Bangkok Post

Thailand to showcase its ‘Bioenergy-for-all’ concept
Thailand’s Energy Ministry will show the country’s potential as “the land of energy crops” at Astana Expo 2017, an international exposition themed on ‘future energy’ held in Kazakhstan’s capital.
– Bioenergy Insight

Laos, Thailand boost trade, investment cooperation
High ranking Lao and Thai officials met in Vientiane yesterday to discuss increased cooperation across different sectors in order to promote trade and investment between both nations.
– Vientiane Times

High defence spending at expense of welfare hit
Since the coup in 2014, the budget allocated to the Defence Ministry has increased substantially. For the fiscal 2015 national budget, the first fully controlled by the junta, the Defence Ministry budget jumped to Bt192.9 billion from Bt184.7 billion the year before.
– The Nation

Free speech takes a hit ahead of the Thai vote
Junta’s strong-armed efforts to reign in social tensions could backfire
– Nikkei Asian Review (paywall)

Customs Department cracking down on import tax evasion
The Customs Department is keeping an eye on illicit businesses circumventing taxation such as travelers that return with goods for commercial purposes and shipping companies with fraudulent manifests while also considering cooperation with companies such as Alibaba, EBay and Amazon to combat non-regulated e-commerce.
– NNT

Nok Air sees silver lining
Thai Airways International’s refusal to subscribe to new shares of Nok Air could jeopardise THAI’s fight for control over the loss-ridden budget carrier.
– Bangkok Post

Varian selected to provide first proton therapy system in Thailand
Varian Medical Systems (NYSE: VAR), today announced it has been selected through its distributor, Business Alignment, to supply and install a Varian ProBeam® Compact single-room proton therapy system in the oncology center at King Chulalongkorn Memorial Hospital in Bangkok, Thailand.
– Healthcare Business/ PRNewswire

Fishermen file appeal in Thailand trafficking
Cambodian plaintiffs in a Thai trafficking case lodged an appeal against a provincial court’s judgment dismissing all charges against the suspects accused of tricking them into slave-like working conditions.
– The Phnom Penh Post

 

Feature photo John Le Fevre
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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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