Thailand Morning News For October 3

Thailand Morning News For October 3

Thailand morning newsTrump says wants to reduce U.S. trade deficit with Thailand
President Donald Trump wants to reduce the U.S. trade deficit with Thailand, he told the country’s prime minister on Monday in a meeting that marked another sign of warming ties between Washington and Bangkok.
— Reuters

BoT: Exports back GDP growth uptick
The Bank of Thailand is optimistic about the country’s economic outlook, which is supported by strong growth in exports, says central bank governor Veerathai Santiprabhob.
— Bangkok Post

‘Blockchain’ – game-changing tech with a Thai angle
BLOCKCHAIN is said to be another “disruptive” technology spawned by the Internet, and will soon bring about extensive changes to businesses, governments and state enterprises, as well as the digital banking industry.
— The Nation

Private sector raises growth projection after sign of economic recovery seen
The private sector is poised to adjust projection for economic growth to over 3.5% after seeing good sign of economic recovery.
— Thai PBS

Caution urged on privileges for EEC
THE THAILAND Development Research Institute (TDRI) has warned the government about providing too many privileges for investors in the Eastern Economic Corridor (EEC) development and urged them to adjust plans to better enhance the country’s industrial competitiveness.
— The Nation

Trump hails ‘very strong’ ties with Thailand
Donald Trump welcomed Thai junta leader chief Prayut Chan-O-Cha to the White House on Monday (Oct 2), trying to turn the page after coups rocked one of America’s oldest alliances.
Read more at http://www.channelnewsasia.com/news/world/trump-hails–very-strong–ties-with-thailand-9272598
— Channel NewsAsia

Full-year inflation view cut despite prices edging up
Although consumer prices were up for a third straight month in September, the Commerce Ministry has lowered its 2017 inflation forecast while counting on the stronger baht and the government’s welfare schemes to help cap rising prices.
— Bangkok Post

Thai Bankers form group to ensure world-class IT security
A group of financial institutions have created a group to address issues of stability and security of IT systems and prepare for cyber threats.
— The Nation

August’s MPI shows national economy has continued to expand
Thailand’s Manufacturing Production Index (MPI) in August 2017 has expanded by 3.74 percent, signaling a continuous growth of the Thai economy, with key driving factors being automobile engines, automobiles, rubber products, electronic parts, and petroleum.
— NNT

Corrections chief eyes reform
Newly appointed Department of Corrections director-general Naras Savestanan has pledged to prioritise improving correctional facilities and decreasing the overflow of inmates in prisons across the country.
— Bangkok Post

General Prawit claims ill-intent elements want to disrupt Royal cremation ceremonies
In his capacity as chief of the security and traffic management directorate for the Royal cremation ceremonies directorate, General Prawit did not give any details about the ill-intent elements but claimed he had intelligence information about the activities and the plot of these elements who are anti-Monarchy.
— Thai PBS

Energy Minister delivers 2018 work policy
Energy Minister Anantaporn Kanjanarat has delivered a policy statement for the 2018 fiscal year, stressing Energy officials’ commitment to work for the benefits of the people and the country.
— NNT

Passenger throughput soars 8% in 8 months to August
Aggregate passengers using Thailand’s six key airports surged by 8% in the first eight months of 2017 to 88.6 million.
— Bangkok Post

TISCO takes over retail banking from Standard
TISCO Group and Standard Chartered Bank (Thai) Pcl on Monday announced the successful completion of the transfer of Standard’s retail banking business.
— The Nation

Thailand again delays auction of Erawan, Bongkot gas fields
Thailand will delay the auctions of the concessions for the Erawan and Bongkot gas fields for at least another month and expects to announce winners in the middle of next year, a senior official said on Monday.
— Reuters

Heavy and very heavy rain predicted throughout the week for the whole country
The Meteorological Department issued its first statement today (Monday) warning of heavy rain across the country with very heavy rain in some parts from today until this Friday and also warning people to brace for possible flash flood as well as overflowing of rivers and canals.
— Thai PBS

Ethanol plant closed after waste spill
AN ETHANOL plant has been hit with a 45-day closure order over a serious water pollution problem that has ravaged part of Suphan Buri province.
— The Nation

B120 billion expected to circulate in Chiang Mai this high season
Tourism operators in Chiang Mai believe a larger number of tourists will visit this northern province and expect more than 120 billion baht to circulate in the province during the coming high season as the cold spell is expected to arrive sooner and last longer.
— Thai PBS

GRAPHIC-Japan, Thailand stocks post highest Asia gains in Sept
Japanese and Thai shares posted the largest gains among Asia-Pacific equities in September, buoyed by confidence in economic conditions in the respective countries.
— Reuters

28 Chinese tanks bound for navy port
The first batch of 28 VT4 main battle tanks purchased for 4.9 billion baht from China is expected to arrive at the Royal Thai Navy’s Thung Prong port in Sattahip district of Chon Buri between Oct Oct 8-15, an informed source said Monday.
— Bangkok Post

Thailand’s Pace says Central Group to buy Dean & Deluca ops for $50 mln
Leading Thai retailer Central Group will acquire the operations of high-end grocer Dean & Deluca from luxury real estate developer Pace Development Pcl for $50 million, Pace said on Monday.
— Reuters

Sale and advertisements of amulets on temple grounds banned
All temples in Bangkok have been told to ban the sale of amulets or Buddha images on temple grounds and to stop allowing posters selling amulets or Buddha images to be put up on temple grounds.
— Thai PBS

Chadchart’s withdrawal from national strategy committee “unfortunate”, says Wissanu
It is unfortunate for Chadchart Suttipunt, a former transport minister, and Somchai Jitsuchon, a director for economic development research of the Thailand Development Research Institute (TDRI), to have withdrawn from membership of national strategy drafting committees, Deputy Prime Minister Wissanu Krea-ngam said on Monday (Oct 2).
— Thai PBS

Drivers of new vehicles without proper license plates to face fine from Oct
Drivers of new vehicles who fail to acquire proper plates within the grace period will face a hefty fine from now.
— NBT World (video)

Culture Ministry unveils digital national archive
The Ministry of Culture has introduced six ways for the general public to access the national archive online, featuring some 40,000 entries.
— NNT

Agriculture Ministry vows to stabilize farming sector
The Ministry of Agriculture and Cooperatives has pledged to strengthen the country’s farming sector and empower local producers.
— NBT World (video)

EDC-equipped Pracharat shops start accepting welfare cards
The Office of Commercial Affairs of UthaiThani province and relevant agencies have started dispatching their problem-solving teams to observe the operations of Pracharat Blue Flag consumer shops following the issuance of government welfare cards. ///
— NBT World (video)

Business as usual for Thai tourism despite royal funeral this month
It will be business as usual this month for Thailand’s lucrative tourism industry as the country gears up for the lavish funeral of its revered King Bhumibol Adulyadej, the tourism agency said on Monday.
— Reuters

Government says less than half of the 11 million low income earners come to collect welfare cards
The government yesterday (Sept 29) said that less than half of the 11.67 million qualified low-income earners have came to pick up their welfare smart cards to get monthly subsidies from the government for purchases of necessary goods, for bus and train travels, and for power and cooking gas bills.
— Thai PBS

Bangkok Health Hub offers free HIV testing to 500 MSM
Bangkok Health Hub together with Siriraj Hospital and the Thai-US Center for Disease Control and Prevention (CDC) Collaboration, recently united to launch a project offering free HIV tests for the first 500 males who have sex with men (MSM).
— NBT World (video)

Fitch Affirms Siam Future at ‘BBB(tha)’; Outlook Stable
Fitch Ratings (Thailand) Limited has affirmed Siam Future Development Public Company Limited’s (SF) National Long-Term Rating at ‘BBB(tha)’ with a Stable Outlook, its National Short-Term Rating at ‘F3(tha)’ and its outstanding senior unsecured debentures at ‘BBB(tha)’.
— Reuters

 

Feature photo Sasin Tipchai
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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