Fitch: Thailand’s Economic & Banking Outlook Challenging Despite Modest Economic Recovery
Thailand’s medium-term growth outlook continues to be challenged by high household debt and adverse demographic trends even though the economy has picked up in 2017, while the prospects for Thai banks’ operating environment and sector performance remains negative, albeit with modest improvements in growth, asset quality and profitability expected in 2018, said Fitch Ratings’ analysts at the agency’s annual conference in Bangkok.
Top Thai mobile operator to buy Internet provider
Thailand’s largest telecommunications Advanced Info Service Pcl (AIS) plans to spend 2.6 billion baht ($78.57 million) to buy 56 percent of Internet service provider CS Loxinfo, further advancing its Internet broadband coverage.
Police indicate irregularities found in state rice stocks
A Deputy National Police Chief has submitted reports on the inspection of four state rice stores conducted last week to a Deputy Prime Minister, acknowledging that some irregularities were found.
Minister orders probe into possible land misuse in Khon Kaen
The Minister of the Interior has ordered a 15 day probe into the use of a community forest park in Baan Kok Huay Mek of Khon Kaen province, promising serious action against any officials found involved in graft.
Portable Czech brewery brings home-made beer garden dreams a step closer
For beer lovers who dream of brewing their own pint, a portable brewery from the Czech Republic may be just the thing – if they have $124,000 to spare.
The AMLO files complaints against Thaksin’s son, Panthongtae
The Anti Money Laundering Organisation is filing a complaint with the Department of Special Investigation against Panthongtae Shinawatra, the son of fugitive ex-PM Thaksin Shinawatra, in a money-laundering case connected with the multi-billion-baht loan fraud linked to the state-owned Krungthai Bank.
— Phuket Gazette
Industry Minister: Japan to help realize Thailand 4.0 agenda
According to the Industry Minister, the Japanese government has acknowledged Thailand’s commitment to working with Japan to mobilize the Thailand 4.0 agenda.
NACC clears Yingluck of mismanagement of 2011 flooding
The National Anti-Corruption Commission has cleared former prime minister Yingluck Shinawatra of alleged mismanagement of water resources leading to major flooding in 2011 which caused over 350 billion baht damages, NACC chairman Pol Gen Watcharapol Prasarnrajkit said on Wednesday (Sept 13).
— Thai PBS
Rohingya trafficker sentenced to 15 years in jail
A local businessman faces 15 years in prison for trafficking nearly a hundred Rohingya migrants in 2015, two of whom suffocated to death during their journey.
— Prachatai English
Feature photo John Le Fevre
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