Thailand Morning News For May 30

Thailand Morning News For May 30

Thailand morning newsPublic debt up Bt101 bn in April compared to March
Theeraj Athanavanich, a bond market adviser, reported that Thailand’s outstanding public debt as of April 30 was Bt6.26 trillion – or 42.64 per cent of gross domestic product
– The Nation

FPO: Thai economy to grow by 3.6% this year
The Fiscal Policy Office (FPO) has indicated that the Thai economy will expand by 3.6 percent this year, given positive signs in investment and export.

Legal experts baulk at draft of cyber bill
The cybersecurity draft bill proposed by the National Reforming Steering Assembly (NRSA) gives too much authority to the government to gain access to the computer systems of both private organisations and individuals without a court order in cases of emergency or urgency, legal experts say.
– Bangkok Post

Proposed infra windfall tax raises concerns
ECONOMISTS and land developers are cautious about the Finance Ministry’s intention to impose a windfall tax on property owners who benefit from government infrastructure projects.
– The Nation

Central bank to prevent inflow of “hot money” from abroad
The Bank of Thailand is ready to tighten up measures to prevent the inflow of “hot money” or short-term investment from abroad for speculation purpose.
– Thai PBS

After decades of lawlessness — could the seafood industry finally be ready for change?
For years, the seafood industry has profited off of forced labour, illegal fishing, ocean destruction and the needless slaughter of marine life.
– Greenpeace

Thai parties concerned PM could push back 2018 vote, retain power
Thailand’s main political parties on Monday voiced concern that a general election expected next year could be delayed yet again following comments made by the junta chief that they say shows he intends to hold on to power.
– Channel NewsAsia

Momentum builds up for recovery
ECONOMIC data for April suggests Thailand is sustaining the momentum from a strong first quarter, with the Finance Ministry looking ahead to a bright outlook for the rest of the year.
– The Nation

Industry Ministry seeks cabinet approval for cooperation with Japan’s METI
The Ministry of Industry will seek a cabinet approval on 30 May, 2017 for the signing of a cooperation agreement with Japan’s Ministry of Economy, Trade and Industry (METI) in bid to push forward Thailand 4.0.

Trillion Global invests S$67mil in Thailand condominium project
As a stamp of approval to Thailand’s property market, Trillion Global has partnered with Singha Estates, investing 1.66 billion baht (S$67 million) in the Thai developer’s condominium projects, reported The Nation.
– Property Guru

Ministry of Commerce promotes Thailand as world’s rice trade center
hailand rice convention 2017 or TRC 2017, a premier international forum for rice, is being held from May 28-30 by the Department of foreign trade, Ministry of Commerce, in collaboration with related organizations from both the public and private sectors.

Junta forbids criticism of regional education reform
Following an order from the junta, the Office of the Basic Education Commission (OBEC) has prohibited regional education staff from discussing or criticising the junta’s regional education reform plan.
– Prachatai English

Thailand, China sign pact to support EEC investors
The Eastern Economic Corridor (EEC) Policy Committee has signed a memorandum of understanding (MOU) with a Chinese financial institution to provide support for investors participating in the EEC.

Ichitan investing Bt800m in Thai plant’s capacity expansion
Listed beverage company Ichitan Group has set aside an investment budget of Bt800 million with a view to boosting its revenue to Bt6.5 billion this year, chief executive officer Tan Passakornnatee said at the “Opportunity Day” seminar on Monday.
– The Nation

Investors in, poor out: junta’s land policy after 3 years in power
After three years of the junta’s ‘returning happiness’ mission, the country’s poor and ethnic minorities are still suffering from the junta’s ‘return the forest’ policy while the junta opens up more land for investors and cuts environmental regulations for big business.
– Prachatai English

Prayut demands clear-out of rice stockpiles before end of his regime
PRIME MINISTER Prayut Chan-o-cha has ordered the Commerce Ministry to accelerate sales of the rice in its stockpiles within the term of his military-led regime, as storage costs have been exceeding Bt1 billion a month.
– The Nation

Foreign tourists advised to avoid Bangkok during royal cremation
Foreign tourists are being advised to travel outside Bangkok during the royal cremation ceremony of HM King Bhumibol Adulyadej in late October in move to avoid traffic congestion.
– The Nation

Amazing Thai Taste Festival 2017 to showcase authentic cuisine of Thailand
The Tourism Authority of Thailand (TAT) is joining hands with more than 40 public and private organisations to stage the Amazing Thai Taste Festival 2017 in Bangkok.
– TravelDailyNews


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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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