Thailand Morning News For February 27

Thailand Morning News For February 27

Thailand morning newsThai February inflation to remain tepid, January factory output to pick up: Reuters poll
Thailand’s headline inflation is expected to have remained sluggish in February and still below the central bank’s target, though January factory output may have expanded at a slightly faster pace, a Reuters poll showed.
— Reuters

EEC committee approves high speed rail links to major airports
Thailand’s Eastern Economic Corridor (EEC) Development Policy Committee has approved high speed rail links to three airports.
— NNT

Year End Stimulus Leaves Thai Banks With $1.6bn Debt
Thailand finished 2017 with GDP growth of about 3.9 per cent, marginally outshining Singapore where GDP last year grew at 3.6 per cent, the lowest in Asean. However, the economic stimulus measures which saw the Thai economy grow at its fastest rate since 2012 and push it over the earlier estimate of 3.3 per cent GDP growth, has left banks with an unwanted US$1.622 billion new year present.
— AEC News Today

Govt prepared to meet with EU delegates in April
The government is making preparations for a planned visit by a delegation of the European Union during 4-11 April 2018.
— NNT

Consumers shine in economy’s strong start to the year
GAINS in private consumption helped to boost the economy in a sign that consumers are increasingly more confident on the prospects of a sustained recovery, the Finance Ministry says.
— The Nation

Transport minister defends one-metre standard gauge and elevated train projects
Transport Minister Arkhom Termpittayapaisith on Monday defended the one-metre gauge dual track railway system and the elevated train projects as suitable for Thailand, claiming that the two mass transit systems had gone through strict screening procedures and feasibility studies.
–Thai PBS

KTB shuts down crypto trade accounts
Krungthai Bank has become the second financial institution after the Bangkok Bank to terminate transactions involving cryptocurrencies trading with Thai Digital Asset Exchange (TDAX), following a Finance…
— Bangkok Post

A huge wave of new parties to take first steps to contest poll
MORE THAN 100 new political parties are expected to launch next month after registration opens on Friday. It will be the first time since the military coup in May 2014 that political activities will be officially allowed.
— The Nation

Non-bank protections mulled
The Finance Ministry wants to set up an autonomous body to regulate non-bank financial institutions that are not supervised by the central bank to protect consumers, says Pornchai Thiraveja, an adviser to the Fiscal Policy Office (FPO).
— Bangkok Post

Thai CP Foods posts 3.8 pct rise in FY profit on overseas growth
Charoen Pokphand Foods Pcl (CP Foods), Thailand’s largest agribusiness, on Monday said net profit for 2017 rose 3.78 percent on year to 15.3 billion baht ($488.66 million), driven by growth in its overseas markets.
— Reuters

Military protection for two whistleblowers of fund for the destitute
Prime Minister Prayut Chan-o-cha has ordered military protection for two whistle-blowers who exposed the plundering of fund for the destitute at Khon Kaen centre for the protection of the destitute.
— Thai PBS

Health Ministry seeks extra Bt5 billion for state-run hospitals
The Public Health Ministry on Tuesday will ask the Cabinet to grant an additional budget of at least Bt5 billion for state-run hospitals.
— The Nation

Thailand sets sights on spearheading IoT alliance
The Digital Economy Promotion Agency (Depa) says Thailand is planning to lead an international Internet of Things (IoT) alliance, strengthening the potential of the country’s IoT initiative that will be…
— Bangkok Post

Thaicom diversifies revenue with ship broadband service
SATELLITE operator Thaicom yesterday officially launched its Nava digital maritime service platform to provide broadband satellite services for ship operators.
— The Nation

PTTEP predicts slight hike in sales volume
ET-listed PTT Exploration and Production Plc (PTTEP), an oil and gas drilling firm, anticipates average sales volume of 302,000 barrels of oil equivalent per day (Boed), up by 1%.
— Bangkok Post

DFT urges exporters to use FTAs to their advantage
The Department of Foreign Trade(DFT) is recommending exporters make use of the Free Trade Agreements (FTA) Thailand has secured with different countries in Asia, Oceania and South America to provide them with a competitive edge.
— NNT

Bangkok Airways aims high
BANGKOK Airways will receive two Airbus A319 aircraft and increase the number of its code-share partners under a plan to boost revenue growth by up to 10 per cent this year, the company’s president Puttipong Prasarttong-Osoth said yesterday.
— The Nation

Education Ministry, private and industrial sectors discuss graduate development project
Education officials and representatives from the private and industrial sectors held a meeting to brainstorm ideas for the production of the next generation of graduates in accordance with Thailand’s higher education reform policy.
–NNT

Shell looking to turn over non-petrol leaf
Shell Company of Thailand Ltd is remodelling its business concept, in part to double the size of its non-oil business to 50% of its total sales over the next seven years.
— Bangkok Post (annoying popups)

More than 1.5 million join Sustainable Thai Idealism project
According to data from the Interior Ministry, more than 1.5 million people have joined the Thai Niyom Yang Yuen or ‘Sustainable Thai Idealism’ project.
— NNT

 

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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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