Thailand Morning News For April 12

Thailand Morning News For April 12

Thailand morning newsAbout 20 senior officials implicated in destitute fund fraud face transfer
About 20 middle-ranking officials of the Department of Social Development and Welfare will face transfer this month as the Public Sector Anti-Corruption Commission has discovered that up to 89 percent of the 109 million baht fund for the destitute for 2017 fiscal year were embezzled by corrupt officials.
— The PBS

Thailand needs to overcome ‘innovation paradox’ to grow more
The World Bank’s latest edition of the Thailand Economic Monitor Report projects the economy this year will grow by 4.1 percent, the highest growth since 2012. Meanwhile, to boost sustainable growth and productivity, Thailand needs to do more to support innovation. NBT World reports.
— News Today (video)

ADB forecasts 2018 GDP growth at 4%
The Asian Development Bank (ADB) forecasts Thailand’s economic growth to inch up to 4% this year and 4.1% next, underpinned by increasing public and private investment and domestic consumption.
— Bangkok Post

BoT offers seasonal narrative
The Bank of Thailand has sought to dispel fears that the ratio of household debt to GDP accelerated in the final quarter of last year, saying the higher family debt load could be attributed to seasonal spending by mostly middle- to upper-income earners.
— Bangkok Post

Water hazard: Thailand rolls out ‘Seven Deadly Days’ road safety campaign
The video opens with revelers throwing water by the side of a road as they celebrate Songkran, the festival that ushers in the traditional Thai new year.
— Reuters (video)

PM shrugs off Somchai job protest
Prime Minister Prayut Chan-o-cha has shrugged off the resignation by permanent secretary for finance Somchai Sujjapongse, who was reportedly upset by his Tuesday transfer order, saying civil servants “cannot express dissatisfaction” with superiors’ orders.
— Bangkok Post

Rayong supercharged by China’s ‘Belt and Road’
China’s massive outward bound economic expansion is now experiencing a massive impact on Thailand’s enormous infrastructure initiative, the EEC (Eastern Economic Corridor). A clear example of this is in the country’s Rayong province, which last year hosted 7 million visitors.
— The Thaiger

Thailand DSA Projects Direct Sales to Grow by 5% in 2018
According to the Thai Direct Selling Association (TDSA), 2018 will see a slight increase in direct sales over 2017. The TDSA forecasts the direct sales business to expand by 5 percent this year from last year’s figure. 2017 saw 95 billion baht (US$3.05 billion), an increase of 2 percent from the previous year.
— Direct Selling News

TCEB gears forward Thailand MICE industry with 10 S-Curve industries
With Thai MICE industry continuing to grow last year, generating total revenue of over 200 billion baht, the Thailand Convention and Exhibition Bureau (TCEB), a public organisation, has initiated and presented business directions to drive the Thai economy through MICE.
— Bangkok Post

Thai energy companies roll out expansions across Southeast Asia
Thai energy companies are on a roll. The national oil and gas champion, a coal miner and power utility, upstart solar and wind companies, virtually all are expanding across Southeast Asia, applying practices and technology developed at home.
— Reuters

Thailand’s Lessons for Democratic Regression: A Review of “Owners of the Map”
It may be hard to believe now, as blustery generals run Thailand, the army busts up gatherings of political opponents, and junta rule—in one form or another—seems like it might never end, but the country was once touted as an example of democratization.
— CFR

Songkran offers cheer for credit card providers
THAIS are expected to boost spending on their credit cards by up to 8 per cent as they celebrate the Songkran Festival, non-bank financial institutions forecast.
— The Nation

Property developers tap into retirement, aged-care opportunities in Thailand
At 79, Thai businessman Boon Vasin’s latest $US500 million ($645 million) venture is a bet on a market he knows well – looking after Thailand’s rapidly growing population of old people.
— Australian Financial Review

Thailand expresses concern over BIMSTEC motor vehicle pact
Thailand has expressed concern over the proposed BIMSTEC Motor Vehicle Agreement that would give Indian truckers access to the country through a trilateral highway via Myanmar, saying only domestically-owned transport firms should be allowed on the route to protect interests of local players.
— Business Standard

Developer cashes in on Bangkok’s tallest building, sells core parts to King Power
Thailand’s luxury property builder Pace Development sold key parts of Bangkok’s tallest skyscraper MahaNakhon Tower to domestic duty free retail company King Power, media was told at a press conference in the Thai capital on April 10.
— Investvine

CEO says Pace has the means to proceed with 4 luxury projects
Pace Development Corporation Plc looks set to continue construction of four luxury projects worth more than 20 billion baht after securing 14 billion baht from the sale of assets at the country’s highest building, MahaNakhon, to duty-free retailer King Power International Group.
— Bangkok Post

Mustang Resources realises maiden Ruby sales from new Thailand office
ASX-listed Mustang Resources has realised maiden ruby sales totaling A$230 953 from the newly established sales and marketing office established in Chanthaburi, Thailand during March 2018.
— Mining Review Africa

Black water flowing freely onto Kamala beach
The editor of online blog The Phuket Sun has posted worrying shots from Kamala showing the klongs (canals) and waters draining onto the popular Kamala beach.
— The Thaiger

TAT launches Little Chiang Mai guidebook in English
The Tourism Authority of Thailand (TAT) is launching its Little Chiang mai guidebook in English, bringing together the city’s independent bookshops, secret restaurants and museums, as well as the province’s stunning bicycle and running routes in a set of five bona fide designer pocketbooks for readers to use or collect.
— TAT News

Lead-contaminated villages await justice two decades after verdict
JUSTICE HAS not arrived for the local people in a lead-contaminated area of Klity Village in Kanchanaburi province. Environmental restoration has been slow and obscure, while the affected people still await compensation.
— The Nation

Ex-Dem takes up deputy governor role
Former Democrat Party MP and ex-protest leader, Sakoltee Phattiyakul, has been named deputy Bangkok governor in a move interpreted by a key Democrat figure as government interference in local administration, a source said.
— Bangkok Post

 

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 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, predecessor of Asean Today.

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