Thailand Morning News Roundup For February 28

Thailand Morning News Roundup For February 28

Welcome to the Thailand morning news roundup by AEC News Today, your one stop for Thailand news on matters of governance and policies affecting Asean business communities.

 

Thailand morning news

Export value jumps 8.8% in January as oil prices rise
XPORT VALUE IN January grew by 8.8 per cent to US$17.09 billion (Bt595.8 billion), after higher oil prices resulted in more revenue from oil by-products, according to the Commerce Minis
– The Nation

Graft panel mulls death penalty deal
The prosecution is prepared to drop the death penalty provision for people accused of corruption in the Rolls-Royce bribery scandal in exchange for information to help its probe into the case.
– Bangkok Post

Incentives to push R&D development in key areas
The government yesterday approved tax incentives to companies that group together to invest more in research and development in five business areas.
– Bangkok Post

For Thailand, The Future Draws Nearer
An aging, fading, military-controlled Thai economy is on the cusp of its long-delayed infrastructure revolution, but you wouldn’t know it from the share prices of the big four in the nation’s construction industry.
– Bloomberg

Bangkok Airways Recertified to International Standards by CAA Thailand, Supported by the UK CAA
The Civil Aviation Authority of Thailand (CAAT) today announced that Bangkok Airways has been successfully recertified to the international safety standards of ICAO. Bangkok Airways is the first of Thailand’s international airlines to receive its AOC recertification as part of CAAT’s recertification programme, in partnership with CAA International (CAAi), part of the International Directorate of the UK Civil Aviation Authority (UK CAA).
– AviationPros

PM presides over official construction of royal crematorium
The government today held a religious ceremony to officially start the construction of the royal crematorium at Sanam Luang.
– Thai PBS

Thai startup Etran wants to put 3D printed electric scooter taxis on the streets of Bangkok
Etran Group, a Thailand-based startup, is planning to launch a taxi service that uses 3D printed electric motorcycles. The company is hoping to raise 300 million Thai Baht ($8.6 million) to fund the venture, which could commence operations as early as September.
– 3Ders.org

ICAO is expected to withdraw “red flag” from Thai airlines by year end
Thai airlines are expected to be removed of the “red flag” imposed by the International Civil Aviation Organization for air safety shortcomings by the end of this year, Transport Minister Arkhom Termpittayapaisit said on Monday.
– Thai PBS

Suvarnabhumi immigration officials told to sit tight
Immigration officials on duty at Suvarnabhumi airport during morning peak hours have been ordered not to leave their stations to keep the lines of departing passengers flowing.
– Bangkok Post

New reporters will have to undergo training and pass KPI assessments
Newcomers to media profession will be required to undergo training and pass the KPI (Key Performance Indicators) assessment before they are to be issued with licenses to become journalists under the amended Media Profession Standards and Ethics Promotion Bill.
– Thai PBS

Animal business drives up profit for Thai food firm
Net profits soared by 33% at Charoen Pokphand Foods (CPF) in the past full financial year, powered mainly by recovery in Thailand’s shrimp industry and its Thailand terrestrial animal business operations.
– Global Meat News

Megachem Thailand lists on Thai stock market
Megachem Limited (Megachem), a one-stop specialty chemical solutions provider, has listed its Thai unit, Megachem (Thailand) Public Company Limited (“MGT”), an associated company of the group, on the Stock Exchange of Thailand – Market for Alternative Investment (“SET-MAI”). It has been trading since 23 February 2017.
– Deal Street Asia

Egco funds 7 new power projects
ELECTRICITy Generating (Egco) Group has budgeted more than Bt30 billion this year for seven power projects both in Thailand and overseas, according to company president Chanin Chaonirattisai.
– The Nation

Mitsubishi, Nissan team up on logistics in Thailand
Mitsubishi Motors has begun operating a joint logistics channel with Nissan Motor in Thailand and aims to take it global for groupwide cost savings, Mitsubishi Motors President Osamu Masuko said here Monday.
– Nikkei Asian Review

PM orders EIA and EHIA studies on Krabi’s power plant project scrapped
Prime Minister Prayut Chan-ocha has ordered the environment impact assessment EIA) and the environmental health impact assessment (EHIA) studies which were previously conducted on the coal-fired power plant in Krabi province be scrapped.
– Thai PBS

Congratulations, Thailand: You’re Getting a Michelin Guide
Fresh off the heels of this year’s Asia’s 50 Best list comes news that Michelin will bring its stars to Thailand. TNN Thailand reports the Tourism Authority of Thailand has pledged financial support to the project for five years. Per BK Asia City, the guide will hit shelves before the end of 2017.
– Eater

Chemical from Thailand faces anti-dumping duty
The government is likely to impose anti-dumping duty of up to USD 135.40 per tonne on imports of a chemical used in foam making from Thailand. The move is aimed at protecting domestic players from cheap imports of ‘Flexible Slabstock Polyol’ from the South-East Asian country.
– The Times Of India

Four garbage disposal projects in Samui launched
The Clean Samui Project which was initiated by Thai PBS to encourage public participation in garbage disposal has resulted to the creation of four projects in four different spots on the Samui island.
– Thai PBS

 

 

Feature photo: John Le Fevre

 

 

The Thailand morning news roundup is published M-F by AEC News Today: Governance, not government; policies not politics.

 

 

 

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John Le Fevre

John Le Fevre

Managing 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.

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