Thailand Morning News For November 24

Thailand Morning News For November 24

Thailand morning newsThailand’s recovery impresses ADB
THE Asian Development Bank (ADB) is bullish on the prospects for Thailand and plans to upgrade its growth forecasts for the economy next month.
— The Nation

BOI approves tax incentives for investors in EEC
The Board of Investment of Thailand has approved measures to encourage investment in the Eastern Economic Corridor (EEC) and support for SMEs which register in the Market for Alternative Investment (mai).
— NNT

Visiting Navies Conquer Pattaya’s Cesspit Streets (HD video)
It could have been a disaster. Instead, it was just a national embarrassment. Earlier this week the world was treated to video (such as the one above) and photographs of naval colour parties and bands marching through ankle-deep, putrid, effluent saturated flood waters in Pattaya.
— AEC News Today

Thailand May Repeat 4% Growth on Welfare, Finance Official Says
Thailand’s economic growth could once again exceed 4 percent this quarter with a subsidy for the poor boosting consumption, a senior finance official said.
— Bloomberg

China’s largest developer readies to enter Thailand
In a modern office block in Huay Kwang district, the team settling down to a routine Monday morning is employed by the new Thailand branch of Country Garden Holdings, China’s largest property developer by contracted sales in the first half of 2017.
— Nikkei Asian Review

Thailand investment applications rise 8 pct in Jan-Sept to $11.5 bln
Applications to invest in Thailand rose 8 percent in the first nine months of 2017 from a year earlier, and the state investment promotion agency expects to meet its target for the year, the agency’s chief said on Thursday.
— Kitco

Thailand ranks 4th on International Country Effectiveness Index
The Wisdom Council Thailand has revealed that Thailand is this year placed fourth on the International Country Effectiveness Index, with economic performance outshining those of other ASEAN Countries.
— NNT

Thailand has had a revolutionary government since 2014: No problem
IF the idea of a “revolutionary government” seems too abstract, or its imposition by President Duterte seems so improbable, or if the Yellows and the Reds try to scare us with their Marcos martial-rule bogeyman that it will be the end of liberty as we know it, it really isn’t—if we look at our neighbor Thailand’s recent experience.
— The Manila Times

No illegal migrant workers in Thailand from 31 March 2018: DPM
Deputy Prime Minister Prawit Wongsuwan declared the D-Day for Thailand to be free of illegal migrant wokers from 31 March 2018.
— NNT

Sinister motive seen in move to empower Isoc
THE JUNTA’S latest move to empower the Internal Security Operations Command (Isoc), giving it more authority at the provincial and regional levels over other officials, could be a preparation for the coming election and a return to civilian rule, political observers said yesterday.
— The Nation

Authorities begin assistance measures as cold weather covers north
Authorities in provinces currently experiencing a drop in temperature have joined private sector groups to provide citizens with winter clothing.
— NBT World (video)

More time given for ECC investor tax perk applications
THE BOARD of Investment (BoI) yesterday approved an extension to the period for applicants seeking tax privileges for investment in the Eastern Economic Corridor (EEC) to January 1, 2018, until December 30, 2019.
— The Nation

Flooding ravages Phetchaburi, southern highway
The Phetchaburi river has burst its banks, overflowing into the municipal area, wreaking havoc in the township and flooding the major highway linking to the southern region.
— Bangkok Post

Outlook of economic performances of Thailand and ASEAN nations
We also have an honor of speaking with Research Director of the International Research and Advisory Service of the Thailand Development Research Institute (TDRI) Dr. Kirida Bhaopichitr this morning on Newsline about the outlook of economic performances of Thailand and ASEAN nations. Let’s take a look.
— NBT World (video)

Isoc defends new internal security move
The Internal Security Operations Command (Isoc) on Thursday denied its decision to set up provincial internal security administration committees was politically motivated.
— Bangkok Post

Draft bills on elections of MPs, senators to NLA next week: Pornpetch
The National Legislative Assembly (NLA) has been informed by the Constitution Drafting Committee (CDC) that two organic bills on the election of MPs and the acquisition of senators will be forwarded to the NLA for deliberation next week, NLA president Pornpetch Wichitcholachai said on Thursday (Nov 23).
— Thai PBS

Finance Ministry to seek B10 billion ADB loan for Purple Line extention
The Finance Ministry’s Public Debt Management Office (PDMO) will seek a loan of about 10 billion baht from the Asian Development Bank (ADB) for the construction of the southern extension of the Purple Line electric railroad between Tao Poon – Rat Burana, said Ekarat Khuankhansathit, director of a public loan section of the PDMO.
— Thai PBS

KBank: Minimum 3.9% GDP growth
The country’s economic growth is likely to expand by at least 3.9% this year and next, and bad loans have already peaked, says Kasikornbank (KBank) president Predee Daochai.
— Bangkok Post

Thai wealth management firms boost hiring as country’s affluent count hits a high
When Jittiwat Kantamala gave up his job in Singapore as a private banker with Credit Suisse Group AG to return to Bangkok, he assumed he’d have to find a new position in a different area of the financial industry.
— DealStreetAsia

Dining goes digital for Thailand’s street food vendors
Thailand is famous for its traditional street stalls that offer everything from stir-fried noodles to clothes and for many Thais eating out at a pavement stall is part of their daily routine.
— Reuters

Thailand and Estonia prepare MOU on digital technology cooperation
The governments of Thailand and Estonia will prepare a Memorandum of Understanding (MOU) to promote cooperation between both sides regarding digital technology and the exchange of information related to the digital government concept.
— NNT

Thai logistics startup GIZTIX secures $1.65m Series A to speed up growth
GIZTIX, a logistics marketplace startup, has closed a $1.65-million Series A funding round from AddVentures, a venture capital arm of Thai industrial conglomerate SCG, Wavemaker and 500 Tuktuks to accelerate its growth in terms of both revenue and operations.
— DealStreetAsia

25 Thai organizations join hands to stop antimicrobial resistance
The Deputy Prime Minister, Narong Phiphattanasai, in his capacity as the Chairman of the National Antimicrobial Resistance Policy Committee, presided over the launch of a campaign to end antimicrobial resistance. The campaign was joined by 25 related organizations in Thailand.
— NNT

Digital ministry prepared for Global Entrepreneurship Congress 2018
Digital Economy and Society Minister Pichet Durongkaveroj attended Global Entrepreneurship Congress 2018 in Estonia and assured Thailand’s plan to promote digital cooperation toward sustainable growth.
— NNT

 

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 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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