Thailand morning news for August 10

Thailand morning news for August 10

Thailand morning newsSomkid offers GDP sneak preview
Thai economic growth is expected to have exceeded 4.5% in the first half of the year, boosted by myriad positive factors such as higher public and private investment, growing tourism and exports, and recovering domestic consumption, says Deputy Prime Minister Somkid Jatusripitak.
— Bangkok Post

Disaster warnings as storm raises flood threat in 37 provinces
DISASTER WARNINGS have been issued as heavy downpours threaten to bring flash floods and landslides to 37 provinces across Thailand, and the Meteorological Department said yesterday.
— The Nation

DPM says 55 provinces still wary of flooding
While river levels have dropped in Ranong province, continued rains have kept inundation from subsiding. Also in UbonRatchathaniprovince, the Chi River has been measured rising despite a drop in the Mekong River’s level.
— News Today (video)

50 ICO Projects Show Interest in Thailand’s New Crypto License
According to the Thailand Securities and Exchange Commission (SEC), about 50 projects have expressed an interest in carrying out a cryptocurrency crowdsale.
— Bitcoinist

Politicians see NLA proposal as a poll delay tactic
AFTER SOME members of the National Legislative Assembly (NLA) moved to amend the organic law governing the Election Commission (EC), some politicians said they are afraid another ploy may surface to delay the planned elections.
— The Nation

Northern rail link set for 2023
Chiang Rai: An ambitious double-track northern rail route project from Den Chai in Phrae to Chiang Khong in Chiang Rai is set for completion in 2023, two years ahead of schedule.
— Bangkok Post

Thailand’s Khon Kaen and Phuket recognised for their smart-city projects
Carrying out smart-city transformations is feasible when emerging technologies and innovation are leveraged to make cities more liveable and its residents to be forward-looking.
— OpenGov

PPP panel gives nod to two projects
The public-private partnership (PPP) committee has approved two more joint investment projects worth a combined 4 billion baht, says the head of the State Enterprise Policy Office (Sepo).
— Bangkok Post

Germans set up in Thailand to support EVs and hybrids
German engineering consultancy FEV Group has set up a subsidiary in Thailand, according to local reports, as it looks to support the country’s nascent electric/hybrid vehicle industry.
— Just Auto

Thailand’s CP ALL Q2 profit growth slows to 3 percent, misses estimates
Thailand’s largest convenience store operator, CP ALL Pcl, reported a slowdown in net profit growth to 2.8 percent in the second quarter, its weakest quarterly results in years.
— Reuters

Support for EEC-area SMEs
The Industry Ministry has agreed with local business operators to issue new measures for small and medium-sized enterprises (SMEs) in eight eastern provinces in line with the government’s flagship Eastern Economic Corridor (EEC) scheme.
— Bangkok Post

KBank joins with DBS Bank, Singapore in unveiling real-time money transfer service
Silawat Santivisat, KBank executive vice president, and Sandeep Lal, regional head, Digital Consumer Banking Group, DBS Bank of Singapore, recently launched a new real-time money transfer service from Singapore via KBank to various types of accounts at 21 banks in Thailand.
— The Nation

Thailand’s ‘jet-set’ monk sentenced to 114 years in prison
Wirapol Sukphol, who was seen in a YouTube video in 2013 holding wads of cash on a private jet, returned to Thailand in July 2017 after being extradited from the United States where he had fled.
— Reuters

Police crack Bt800m bitcoin fraud
POLICE have cracked down on an investment scam allegedly involving a famous actor, his siblings and some prominent Thai investors, after a foreign victim reported financial losses of almost Bt800 million.
— The Nation

NBTC may bend for DTAC to keep providing 2G service
The telecom regulator may look into amending the auction conditions to let Total Access Communication (DTAC) maintain mobile services for 2G customers on the 900-megahertz band after the concession
— Bangkok Post

Thailand’s AIS, DTAC to compete in $3.4 billion spectrum auction
Thailand’s largest mobile operator Advanced Info Service Pcl (ADVANC.BK) and third-ranked Total Access Communication Pcl (DTAC) (DTAC.BK) said on Wednesday they would participate in the network spectrum auction later this month.
— Reuters

Flash mobs staged to protest the buildings on Doi Suthep
The Doi Suthep protesters in Chiang Mai had their campaign to remove the Thai judges housing development interrupted by the rescue mission at the Tham Luang Caves in nearby Chiang Rai.
— The Thaiger/ The Nation

SCG signs $3.2b loans in Thailand to fund project in Vietnam
SCG has signed loan agreements worth over US$3.2 billion with six banks in its home country, Thailand, to fund construction of Viet Nam’s first fully integrated petrochemical complex, Long Son Petrochemicals Company Limited (LSP).
— The Nation

Thailand sees bright prospects for rice exports
The Thai Rice Exporters Association has been upbeat about rice shipment prospects in the second half of this year.
— VietnamPlus

VAT relief for welfare recipients backed
A PROPOSAL to reimburse the holders of state welfare cards for the value-added tax (VAT) they make on purchases has won backing from a prominent think tank.
— The Nation

Navy rescues 161 tourists stranded on island off Phuket
A Navy vessel from the Royal Thai Navy Third Area Command was sent to Koh Racha yesterday after it was reported that almost 200 tourists were stranded on the island due to poor weather conditions.
— The Phuket News

Talks held to discuss benefits of EEC to Thai citizens
The Eastern Economic Corridor Policy Committee, the Chonburi Provincial Administrative Organization and the private sector have organized a seminar on the benefits to Thai citizens of the Eastern Economic Corridor (EEC) development plan.

Cooperatives to play crucial roles in agricultural reform
The Deputy Prime Minister in charge of economic affairs, Dr. Somkid Jatusripitak, said a total of 777 cooperatives will play a crucial role in Thailand’s agricultural reform.

Public invited to support Team Thailand at 12th ASEAN Skills Competition
Sompol “Laem” Rungpanich, the vocalist of alternative rock group 25 Hours, has been selected as a presenter to invite Thai people to cheer for Team Thailand at the 12th ASEAN Skills Competition, which will take place from August 26th to September 4th, 2018, at Impact Muang Thong Thani in Nonthaburi province.

Malaysia-Thailand trade up 17pc in first half of 2018
Trade volume between Malaysia and Thailand grew 17 per cent in the first half of this year compared with the same period in 2017, mostly through border trade activities, said a Thai official.
— MalayMail

Thai government looks to cut back on natural rubber output
The Thai government is paying natural rubber growers to stop growing rubber in an effort to raise prices, according to news reports from Thailand.
— Rubber & Plastics News

MFA: Thailand, Myanmar ready for Joint Commission meeting next week
The Thai Minister of Foreign Affairs is scheduled to co-host the 9th Meeting of the Thailand-Myanmar Joint Commission for Bilateral Cooperation (JC) in Nay Pyi Taw early next week.

Australian Travel Media to Convene in Thailand
Thailand is to again host the Annual General Meeting of the Australian Society of Travel Writers (ASTW) during August 16-19.
— Travel Trade Daily

ThaiBev inks new global partnership agreement with Premier League’s Leicester City
Thailand’s largest beverage producer ThaiBev has signed a multi-year global partnership agreement with English Premier League club Leicester City.
— Food Navigator-Asia

Ananda and LPN boost second-quarter profits, but Grand Canal slumps
TWO of the three listed property companies that have announced earnings for the second quarter of this year improved their position from the same period of last year.
— The Nation

New laws chased to boost afforestation
The government is going ahead with its move to amend the country’s dated laws on natural resources, hoping to improve legal measures that will help it achieve an ambitious goal to increase national forest areas to 55% of the country’s land by 2037.
— 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 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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