Thailand Morning News For February 28

Thailand Morning News For February 28

Thailand morning newsThai PM now says election to be held no later than Feb 2019
Thai Prime Minister Prayuth Chan-ocha said on Tuesday that a general election he had promised to hold in November would take place “no later” than February 2019, the latest delay to anger critics of the government.
— Channel NewsAsia

Thailand establishes Digital Silk Road center as part of Belt and Road Initiative
The National Research Council of Thailand (NRCT) has opened an international center as part of China’s Digital Belt and Road (DBAR) program. The center promotes cooperation at the international level and manages risks associated with climate change.
— NNT

FPO estimates Thai economic growth in 2018 at 4 2%
The Fiscal Policy Office (FPO) has projected that the Thai economy this year will expand 4.2 percent, mainly driven by exports and domestic consumption.
— News Today (video)

Thailand’s Investment Outlook for 2018
Thailand is a fairly developed economy with an upper-middle-income status. Situated in the heart of Southeast Asia, the country serves as a gateway to one of the world’s most dynamic markets.
— Asean Briefing

Thailand prepares for EU’s visit to observe IUU fishing controls
The government panel overseeing the prevention of illegal, unreported and unregulated (IUU) fishing has discussed preparations for an upcoming visit by EU officials to follow up on the country’s progress in tackling the issue.
— News Today (video)

Environment Minister assures Thung Yai Naresuan hunting team won’t be spared
Natural Resources and Environment Minister Gen Surasak Karnjanarat reiterated Tuesday (Feb 27) that tough legal action would be taken against wrongdoers in the Thung Yai Naresuan wildlife sanctuary hunting case.
— Thai PBS

Government to use Big Data to create predictive system
The government has tasked all relevant agencies with collecting information on how to use Big Data to creative a predictive database that will help inform administrative policies.
— News Today (video)

Phuket Poll: Build the Kra Canal
More than 70% of respondents to an online poll by The Phuket News have called for the Thai government to go ahead and build the highly debated Kra Canal.
— The Phuket News

Bidding for EEC high speed rail links likely to take place in March
Auctions for private sector involvement in the Eastern Economic Corridor’s (EEC) high speed rail links are expected to take place in March after the three-airport links received approval at a recent meeting of its development policy committee.
— News Today (video)

14 centres for the destitute found to be tainted with corruption: PACC
Anti-graft officials investigating alleged plundering of fund for destitute people have unearthed evidence of corruption in 14 out of 37 centres for the protection of the destitute.
— Thai PBS

Cabinet passes draft Securities and Exchange Act
The Cabinet has given initial approval to the draft Securities and Exchange Act in a bid to keep the Thai capital market in step with the modern world.
— NNT

PM urges all parties concerned to help solve prostitution problem
Prime Minister Prayut Chan-o-cha urged all parties concerned to help solve prostitution problem so that Thailand will not be seen as a sex destination by foreign tourists.
— Thai PBS

EEC aims to rake in Bt508 bn from tourists
PLANS have been drawn up for the provinces in the Eastern Economic Corridor (EEC) to welcome more than 46 million tourists who are expected to generate Bt508 billion in income by 2021.
— The Nation

Bangkok rebuffs Gambian minister for “sex destination” remark
The Ministry of Foreign Affairs has sent a letter of protest to Gambian tourism minister Hamat Bah over his remark suggesting that Thailand is a sex tourism destination, Foreign Affairs Minister Don Pramudwinai said today (Feb 27).
— Thai PBS

Min of Commerce to promote Samut Sakhon as global kitchen
The Ministry of Commerce has met with the economic leaders of eight central provinces to discuss promoting Samut Sakhon Province as a global kitchen.
— NNT

Moody’s: Digital tactics to cut costs
Thai consumers’ preference for digital transactions is credit positive and demonstrates the initial success of Thai banks’ digital strategies, which should eventually allow banks to rationalise their branch networks and improve cost efficiencies, says Moody’s Investors Service.
— Bangkok Post

Developers plan 39 project launches
LISTED PROPERTY firms LPN Development Plc and Property Perfect Plc plan to launch a total of 39 residential projects, worth a combined Bt53.8 billion this year.
— The Nation

Thaicom launches new high speed internet service at sea
One of Thailand’s leading telecommunications company has unveiled a new maritime communications solution.
— News Today (video)

PPS primes roll-out of ProfinCoin
MAI-listed Project Planning Service Plc (PPS) is set to unveil Thailand’s first securities initial coin offering (ICO) next month, with the raised funds expected to be preserved by a custodian bank.
— Bangkok Post

Bill proposed to give police more powers in terror attack situation
A new Public Order and Safety Bill was introduced to the parliament in Singapore today (Feb 27) which, if passed, will empower the police to stop members of the public to take photos or videos and not forward messages about police operation in the event of a terror attack, The Straits Times Online reported.
— Thai PBS

NLA passes Returning to the Insurer Act
The National Legislative Assembly (NLA) recently passed the Returning to the Insurer Act into law, allowing those who are no longer in the social insurance program to re-apply. Mr. Tanodom Jariyapan, a Labor Specialist at the Policy and Planning Division of the Social Security Office (SSO) talked to us on the phone interview this morning on the issue. Let’s take a look.
— News Today (video)

Big crowds and long waits at Phuket airport after runway closure
The closure of runway 09 resulted in a big back-up of ‘not happy’ passengers waiting for their delayed flights.
— Phuket Gazette

Blockchain & Bitcoin conference Thailand
March 6, Bangkok will host the major international conference dedicated to blockchain, cryptocurrencies, and ICOs – Blockchain & Bitcoin Conference Thailand.
— Bangkok Post

Thailand’s Singha Estate buys hotels from Hawaiian firm for $250 mln
Thai property firm Singha Estate Pcl said on Tuesday it would buy six hotels across four countries from a Hawaii-based hotel group for about $250 million.
— Reuters

Thai Union targets 5% growth for 2018
SET-listed Thai Union Group Plc (TU), the world’s biggest canned and frozen tuna exporter, targets sales growth of 5% this year, driven by organic growth from the company’s global business operations.
— Bangkok Post

SSO increases medical coverage to 2 million baht for employees
Thailand’s Social Security Office (SSO) has raised its medical expense coverage related to workplace accidents to 2 million baht.
— NNT

Phuket waste management strategy to target local government offices
Phuket Vice Governor Thawornwat Kongkaew yesterday (Feb 26) spearheaded a drive for improved solid-waste management across the island, with the initial focus on how waste is managed by Phuket municipalities and local administration organisations (OrBorTor) themselves.
— The Phuket News

Bank of Ayudhya launches digital loan service for mobile users
In response to the digital lifestyle, the Bank of Ayudhya has unveiled its new digital loan service called Krungsri iFIN, for which registration can be made on a mobile application.
— NNT

L.P.N. to launch 14 projects as focus shifts upmarket
SET-listed L.P.N. Development Plc plans to launch 14 new projects in the middle- to upper-end segment worth a combined 18 billion baht in 2018, aiming to have 20 billion baht in presales and 12 billion in revenue by year-end.
— Bangkok Post

Thai tourists charged with climbing ruins at historic site
Five Thai tourists climbing the ruins at Wat Mahathat for pictures have been charged and will be sent to court today (Feb 27).
— The Phuket News

Experts contradict govt on coastal erosion
EXPERTS SAY coastal erosion in Thailand is getting worse, not better, as had been earlier announced by the Department of Marine and Coastal Resources.
— The Nation (annoying popups)

 

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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 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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