Thailand Morning News For January 23

Thailand Morning News For January 23

Thailand morning newsPrawit must resign; Pridiyathorn
Deputy Prime Minister Prawit Wongsuwon must resign before his reputation is ruined by the ongoing saga over his collection of luxury wristwatches, former deputy prime minister MR Pridiyathorn Devakula said Monday.
— Bangkok Post

MP election law enactment delayed by 90 days – NLA
A special committee of the National Legislative Assembly has announced a three-month delay in the enactment of the new law governing the election of the Members of Parliament.
— NNT

Exports rise 9.9% to six-year high
Thailand finished last year with export growth of 9.9%, the highest in six years, propelled by higher purchases from key trading partners, especially the US, EU, Asean and China.
— Bangkok Post

PM denies ordering poll delay
Prime Minister Prayut Chan-o-cha has insisted the regime did not order the National Legislative Assembly (NLA) to delay the enforcement of the organic bill on MP elections, which would subsequently push back the general election to February next year.
— Bangkok Post

NBTC to split 1800-MHz spectrum into more slots
Thai regulator NBTC plans to divide the 1800-MHz spectrum set to be auctioned this year into up to three times the number of blocks, in response to requests from the industry.
— telecomasia.net

Govt urgently tackling IUU fishing
The government has announced that it will call a meeting with relevant units to follow up on the effects of action taken to stop illegal fishing.
— NNT

Government steps up piracy fight in Thailand
The government has vowed to continue its effort to solve the problem of intellectual properties infringement in Thailand.
— News Today (video)

V Property plans 2019 IPO to double launches
Ten-year-old V Property Development Co plans to launch an IPO on the Stock Exchange of Thailand next year with an aim to double its project launches to 13 billion baht.
— Bangkok Post

Thailand’s B.Grimm Power to invest $314 mln this year to expand capacity
Thailand’s B.Grimm Power Pcl plans to invest 10 billion baht ($314.17 million) this year as part of a plan to raise its power generation capacity to 5,000 megawatts by 2022, President Preeyanart Soontornwata said on Monday.
— Reuters

Thailand’s SCG makes bid to fully acquire Vietnam’s Long Son Petrochemicals complex
Thai industrial conglomerate Siam Cement Group (SCG) has proposed to acquire the 29 per cent stake in Vientam’s Long Son Petrochemicals (LSP) Complex that it does not currently own from Vietnam Oil and Gas Group (PetroVietnam).
— DealStreetAsia

Central Pattana teams up with six banks for QR code payments
LEADING mall developer Central Pattana (CPN) has partnered with six banks to promote the transition to a cashless economy.
— The Nation

Hutchison Ports Thailand capacity boosted to over 6m teu with new ZPMC cranes
Hutchison Ports Thailand will boost its handling capacity to more than 6m teu per year with the arrival of three new super post-panamax quay cranes and eight electric rubber tyred gantry cranes that will add to its development of Terminal D in Laem Chabang Port.
— Seatrade Maritime News

SCB seeks to trim staff in digital era
Siam Commercial Bank (SCB) plans to downsize from 27,000 employees to 15,000 over the next three years and transform more than 600 branches to ready itself for the digital banking era.
— Bangkok Post

Mazda Expands Powertrain Plant In Thailand For Engine Machining
Up in the Chonburi Province in Thailand sits a Mazda plant that produces powertrains for the fast-growing Japanese brand.
— Carlist.my

Mitsubishi starts up TPE plant in Thailand
Mitsubishi Chemical Corp has started production of styrenic thermoplastic elastomers (TPS) in Thailand, the Japanese chemicals supplier announced 19 Jan.
— ERJ

BAAC mulls Bt5 bn equity fund to hasten switch to ‘smart farming’
THE BANK for Agriculture and Agricultural Cooperatives (BAAC) is considering setting up a Bt5 billion fund for equity investment in potential ventures undertaken by so-called smart farmers, small and medium-sized enterprises (SMEs) and agricultural cooperatives.
— The Nation

Sale of seven hotels in Thailand expected to mop up $388m in total
Seven hotels in Thailand’s four key tourism destinations are up for sale with an indicative price of $230,000 per key, marking one of the largest hotel portfolio deals in Asia worth a total of $388.24 million.
— DealStreetAsia

Townhouses, condos to maintain appeal, says Plus Property
Plus Property, a property-management arm of Sansiri Plc, predicted this week the markets for townhouses and condominiums would continue growing, citing momentum in the middle and high segments of purchasing power, especially for high-rise condos and townhouses on Bangkok’s outskirts.
— The Nation

Thai SCG Packaging acquires majority stake in Malaysian firm for $26.5m
SCGP Solutions (Singapore) Pte Ltd, a wholly-owned subsidiary of Thailand’s largest packaging paper firm SCG Packaging, has acquired 68.3 per cent stake in Malaysia’s Interpress Printers Sendirian Berhad (IPSB) for 104.5 million ringgit ($26.5 million), according to a Stock Exchange of Thailand filing on Monday.
— DealStreetAsia

Air conditioner sales forecast to heat up
Major home appliance companies expect Thailand’s air conditioner industry to resume growth this year, boosted by a spate of positive factors including hotter weather, an improving economy and recovering consumption.
— Bangkok Post

Bomb at pork stall in market in Thailand’s south kills three, wounds 22
A motorcycle bomb exploded in a market in Thailand’s southern Yala province on Monday, killing three people and wounding 22, a spokesman for the Internal Security Operations Command (ISOC) said, the first such attack in the region in months.
— Reuters

Department of Tourism to request 20 billion baht to rehabilitate nation’s tourist sites
The Department of Tourism is to request 20 billion baht to undertake two programs to rehabilitate and enrich the nation’s emerging tourism sites.
— NNT

 

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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 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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