Thailand morning news for August 6

Thailand morning news for August 6
Estimated Reading Time: 5 minutes |

Thailand morning newsBrimming dams pose severe threat
People in western provinces urged to move to higher ground as more water to be released from reservoirs.
— The Nation

Govt to seek migrants for fish industry
A plan to attract thousands of foreign workers into the Thai fishing industry is taking shape with Labour Minister Adul Sangsingkeo likely to meet his counterparts from Myanmar, Laos, Cambodia and Vietnam after Aug 15 to establish the terms.
– Bangkok Post

Unions oppose land deal in high-speed airport rail plan
Activists and workers’ unions have demanded land development plans be immediately excluded from the terms of reference of the high-speed railway set to link Don Mueang, Suvarnabhumi and U-Tapao airports, alleging it would monopolise involvement in the megaproject down to “a few large firms.”
–Bangkok Post

SCB flashes rate-hike signs in pursuit of thicker margins
Siam Commercial Bank (SCB), the country’s biggest mortgage lender, has raised its introductory rate on housing loans and will raise its auto loan rate by 50-100 basis points from mid-August, reinforcing signs that local interest rates are creeping up.
— Bangkok Post

BoT anticipates stronger economic growth in Q2
The central bank expects overall economic growth in the second quarter of 2018 to outperform the first quarter, thanks to rising exports.
— NNT

FinTech Industry in Thailand holds Unlimited Prospects
Thailand looks set to be one of Southeast Asia’s next Fintech Hubs as digital convergence continues to spread. The emergence of a new generation of fintech startups has spurred development of a “complete payments” ecosystem.
— OpenGov

Vietnam, Thailand discuss ways to achieve US$20 billion in trade
The third meeting of the Vietnam-Thailand Joint Trade Committee opened on August 2 in Hanoi with the aim of enhancing bilateral economic and trade cooperation.
— Inquirer.net

New VIP lane at Suvarnabhumi, as long as you’re Chinese
Arriving on an international flight at Suvarnabhumi airport? Long lines at Immigration? No problem – please use the new special VIP lane, as long as you’re Chinese.
— The Thaiger

Thai seafood sales in China set to rise as tariff side effect
Thailand is expected to sell more frozen and processed seafood in China after the mainland slapped a 25% tariff on 222 items of US products that include seafood, soybeans, pork, fish, orange juice and whiskey on July 6 in retaliation for higher US tariffs on Chinese products.
— Bangkok Post

Thailand’s Banks Can Now Open Subsidiaries to Invest in Cryptocurrencies
The Bank of Thailand (BoT), the country’s central bank, reportedly gave all local financial institutions permission to launch subsidiaries, which may offer certain types of banking services to cryptocurrency investors.
— CryptoGlobe

MRTA holds opinion exchange meeting on new electric rail project
The Mass Rapid Transit Authority of Thailand (MRTA) recently organized a meeting to permit an exchange of opinion on a new electric rail route project set to begin next year.
— NNT

Thailand’s host regional tech event
Thailand’s Ministry of Commerce, will host “CLMVT Forum 2018 at the Centara Grand and Bangkok Convention Centre, 16 to 17 August.
— TTR Weekly

Government prepares assistance for flood-hit farmers
Director-General of the Department of Agricultural Extension, Somchai Chanarongkul said today that an official survey found 497,590 rai of farmland has been inundated so far.
— NNT

Thailand to adopt GNSS to determine EEC area
Thailand is adopting the Global Navigation Satellite System (GNSS) to determine the exact geographical location of the Eastern Economic Corridor (EEC).
— News Today (video)

Public Health Ministry steps up efforts to fight dengue during rainy season
The Ministry of Public Health is stepping up efforts to fight the spread of dengue during the rainy season.
— NNT

IBM signs $140M digital transformation deal with Thai bank
IBM has entered into a five-year US$140 million digital transformation partnership with Thai Bank, Krungsri, to grow and develop its digital banking business.
— Channel NewsAsia

“The Power of Local Economy” showcasing quality Thai products at IMPACT
The Ministry of Commerce is playing host to an expo “The Power of a Local Economy” featuring quality products from 77 provinces nationwide. The event will conclude on the evening of August 5th.
— News Today (video)

Safeguarding against the race for data
Putting Thailand 4.0 and a cashless society in place seems to be the dream of Thai policymakers and business tycoons, but the recent data leakage by two of the country’s major financial institutions has left many wondering whether the virtual dream is in fact a nightmare in the making.
— Bangkok Post

PM’s Office to seek cabinet approval for farming of economic crops
The Office of the Prime Minister will seek cabinet endorsement of the planting of economic crops in forest communities and on privately-owned land.
— NNT

Land tax bill languishes in NLA scrutiny
The draft land and buildings tax has not progressed after the National Legislative Assembly (NLA) standing committee extended the scrutiny process for the eighth time, lapsing at the end of September.
— Bangkok Post

 

Feature photo John Le Fevre

 

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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/ 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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