Thailand Morning News For January 10

Thailand Morning News For January 10

Thailand morning newsThai baht to remain strong in first quarter
The Thai baht is likely to remain strong for the duration of the first quarter as investors have grown confident of the country’s economic performance as well as its roadmap to a general election.
— NNT

CP building poultry mega project in key north China
Charoen Pokphand is building another facility in China, which will add 100 million broilers to its poultry production in the country and keep it ahead of local rivals like Guangdong Wens Foodstuff Group Co and the Tongwei Group in the race for customers in fast-urbanising China.
— Global Meat News

Thai exports seen rising 5.5 pct in 2018 – shippers’ council
Thailand’s exports are expected to rise 5.5 percent this year after increasing at least 10 percent in 2017, a group of Thai shippers said on Tuesday.
— Reuters

Bidding to be opened for SEZs in Tak, Nakhon Phanom, Kanchanaburi
The Treasury Department is getting ready to accept bids from investors, who are interested in three of the planned special economic zones.
— NNT

ThaiBev ownership of Vietnam’s Sabeco complete as empire grows
ThaiBev recently completed its acquisition of Saigon Beer Alcohol Beverage Corp. (Sabeco) with “action to consummate the transfer of sale shares” having taken place.
— Food Navigator-Asia

Thailand in 2018: no neat exit strategy for junta
What will 2018 bring for Thai politics? In late 2017, clues began to emerge about how the National Council of Peace and Order (NCPO) would prepare its departure from power in 2018.
— New Mandala

SCB Economic Intelligence Center forecasts 4% GDP growth this year
The Siam Commercial Bank Economic Intelligence Center (EIC) has forecast that continued economic growth in Thailand and global economic recovery will lead to 4% growth in the country’s gross domestic product (GDP) this year, but cited risk factors including foreign monetary policies and geopolitical conflict.
— News Today (video)

Investment tipped to bolster economy
SLUGGISH consumer spending is likely to constrain economic growth this year, but increased investment will help keep up the momentum from a solid 2017, two economic research houses say.
— The Nation

New campaign to attract passengers to wear helmets while riding on motorcycle taxis
The Royal Thai Police has now come up with a new idea to encourage passengers to wear helmets while riding on motorcycle taxis.
— Thai PBS

Public bus fares could spike 30% this year
Bus fares could jump 2 baht, or 30% on average, this year to help the Bangkok Mass Transit Authority (BMTA) cover its longstanding debts, the authority’s president Nuttachat Charuchinda said Tuesday.
— Bangkok Post

Commerce Ministry to discuss impact of minimum wage increase
The Commerce Ministry is set to discuss the impact of the increase of the country’s minimum wage.
— News Today (video)

Mitsubishi partners Betagro for poultry processing; VGI to form media services JV
Mitsubishi Corp and Thai livestock firm Betagro Group have formed a joint venture to invest in a poultry processing plant, while SET-listed VGI Global Media has tied up with Supremo Co to bolster its media business.
— DealStreetAsia

Department of Probation reports statistics from New Year period
The Department of Probation has reported 6,677 cases resulted in probation during the recent New Year’s period with 90.31 percent due to drunk driving.
— NNT

Commerce Ministry launches Import Potential Index
The Ministry of Commerce has developed the Import Potential Index (IPI) on the import potential of 168 countries with the objective to revise Thailand’s export strategy in alignment with the real export potential of each country.
— News Today (video)

Thai consumer confidence spurred by rising optimism over income, stock market: survey
Consumer confidence in Thailand remained optimistic in the second half of 2017, with a slight increase from the previous six months, according to findings from the “Mastercard Index of Consumer Confidence H2 2017”.
— The Nation

Koh Phangan bars closed for selling drugs to tourists
An Army division in Surat Thani has invoked Article 44 to order two pubs at the popular tourist destination of Koh Phangan to be closed indefinitely after they were found selling drug to foreign tourists.
— Phuket Gazette

PM says no need for NACC to increase the value of gifts
The National Anti-Corruption Commission has been told to scrap its idea to amend its announcement to adjust up the 3,000-baht limit of the value of gifts to be given or accepted by government officials.
— Thai PBS

Pracharat Internet in Phang Nga benefitting local people
Officials checking on the Pracharat Internet being offered to residents have found the service popular among students and teens.
— NNT

Cabinet gives nod for Bt35-bn poverty alleviation programme
THE CABINET yesterday approved a Bt35.6-billion spending package as part of the second stage of the government’s poverty-reduction programme featuring job offers, vocational training, low-interest loans and personalised services for up to 4.9 million low-income people nationwide.
— The Nation (annoying popups)

Rubber Authority: Rubber tapping ban applies only to govt plantations
The Rubber Authority of Thailand (RAOT) has said that a three-month ban on rubber tapping only applies to plantations owned by the government.
— NNT

Airbnb highlights Thai growth
More than 1.15 million Airbnb guests travelled to Thailand last year, signalling further growth in hospitality entrepreneurship this year, says Airbnb.
— Bangkok Post

Phuket officials confirm beachfront owned by local hotel
Phuket officials have confirmed that a stretch of beach in the province is legally owned by its adjoining hotel after complaints were circulated online about how the establishment was barring access to the coastline.
— NNT

20 stolen cars returned to Malaysia
The Thai police on Tuesday (Jan 9) returned to Malaysia 20 stolen cars worth about 30 million baht in a handover ceremony held at the Royal Thai Police Office.
— Thai PBS

NLA President declines to speculate on dates of provincial elections
The President of the National Legislative Assembly has declined to speculate on when provincial and local elections will take place.
— NNT

 

Feature photo Mike Mike

 

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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