Thailand morning news for July 18

Thailand morning news for July 18

Thailand morning newsThailand’s rescued cave boys to address media on Wednesday
The 12 Thai boys and football coach who were rescued from a flooded cave will be discharged from hospital on Wednesday (Jul 18) and hold a news conference the same day to satisfy huge media interest in their story, a government official said.
— Channel NewsAsia

Phoenix stripped of pumps
TWO WEEKS after 47 people died in boat accidents in the sea off Phuket, a 24-hour marine rescue centre was officially opened in the province yesterday.
— The Nation

Teachers warned of serious consequences for debt default
Teachers who have threatened to stop servicing their debts to the Government Savings Bank were warned that they could face serious consequences, including the prospect of being declared bankrupt by the court.
— Thai PBS

New accounting standard postponed
The government has decided to delay implementation of stringent new accounting rules for another year to prevent any adverse impact on businesses.
— Bangkok Post

Thailand not seen as safe tourist destination until it fixes problems: Weerasak
TOURISM and Sport Minister Weerasak Kowsurat yesterday urged agencies to sort out a series of problems before they can send a convincing message to the world that Thailand is still a safe destination for tourists.
— The Nation (annoying popups)

Thai students seek job security with local firms amid change to 4.0, survey says
WHILE MANY Thai students hope to work for global giants such as Google and Microsoft, most still consider domestic firms and state enterprises ideal employers, a study has revealed.
— The Nation

GH Bank eyes 10,000 units
State-owned GH Bank expects 10,000 houses, apartments and condos to join the bank’s housing loan project for low-income earners.
— Bangkok Post

Officials seize decorative corals in raids at Chatuchak area
Police and officials from the national parks, fisheries and marine resources departments seized a substantial haul of decorative corals and coralline algae in raids of several shops in Chatuchak area on Tuesday.
— Thai PBS

Harley, Trump and Thailand’s big trade gamble
Democracies look to voters for validation of their economic policies. For Thailand’s military junta, the affirmation is coming from Beijing, bankers and the likes of Harley-Davidson Inc.
— Bangkok Post/ Bloomberg

Water colours: Experiencing ASEAN’s largest ornamental fish market
Aficionados of ornamental fish in Asia don’t need to look further than Thailand: Here, in Ratchaburi province some 100 kilometers west of Bangkok, the provincial government in cooperation with a private investor has set up the largest market for aquarium fish in the entire Association of Southeast Asian Nations (ASEAN): The Fish Village in Ban Pong, a small district not far from the idyllic Mae Khlong river, a tourism destination in its own right.
— Investvine

Parks Department prepares restoration of Tham Luang cave
The Director-General of the Department of National Parks, Wildlife and Plant Conservation (DNP) is preparing to present a restoration plan for Tham Luang Cave, consisting of both short- and long-term measures.
— News Today (video)

Thailand About To Introduce A New ‘Bond Coin’ For Faster Securities Settlement
The Thailand Bond Market Association (TBMA), a self-regulatory firm located in the heart of Thailand has plans of a creating a specialized token in an effort to speed up corporate bond settlement in the country.
— Hibusiness

Min of Commerce says US-China trade war likely to benefit Thailand
The Ministry of Commerce is keeping an eye on the trade war between the United States and China in order to protect the Thai export sector.

Thailand’s Kra Canal: Economic and Geopolitical Implications
For 330 years, visionaries have thought of dredging a great canal 150 km. across the Kra Isthmus in southern Thailand so that vessels sailing from the Indian Ocean to the Pacific could cut hundreds of kilometers off their voyage and avoid the Bugis pirates of Indonesia that for centuries have haunted the Strait of Malacca.
— AsiaSentinel (paywall)

Thai Industry’s Moment of Opportunity
The world is changing, and business in Thailand must understand the drivers of this change.
— The Nation

SME Bank launches ‘SME D Bank’ app for SMEs
The Small and Medium Enterprise Development Bank (SME Bank) has launched a mobile application ‘SME D Bank’ to allow small enterprises easy access to capital at the touch of a finger.

PM approves ‘midget’ subs for navy
Prime Minister Prayut Chan-o-cha has approved a 193-million baht project to design a so-called “midget” submarine — the first step in the planned construction of a prototype for the Royal Thai Navy.
— Bangkok Post

Floods reported across northeast due to low pressure front
Floods have hit seven provinces of the northeastern region of Thailand due to the influence of a low pressure front sweeping over the country from the South China Sea with citizens told to monitor weather forecasts closely.

Royal Enfield kick-starts Thailand, Indonesia subsidiary talks
Royal Enfield, the manufacturer of classic motorcycles, is working to establish subsidiaries in Thailand and Indonesia on the wave of strong sales and growing brand awareness in Southeast Asia.
— Bangkok Post

The rescued Thai boys are considering becoming monks — here’s why
After their dramatic rescue from Nang Non cave, 12 Thai boys and their soccer coach are mourning the loss of a Thai Navy SEAL, Saman Gunan, who died during the rescue efforts. The father of one of the boys said that in order to pay tribute to the Navy SEAL, many boys are considering temporarily becoming monks.
— The Conversation

Legislative reforms spur Myanmar hunt for Thai investments
MYANMAR is confident of attracting more investments from Thailand after a revamped companies law comes in at the start of next month, a senior official investment said.
— The Nation

Cabinet acknowledges results of welfare card campaign
The cabinet acknowledged results of the welfare card campaign under which 96 percent of low-income earners has been provided assistance.

Street vendors to get kicked off Khao San Road
Street vendors will be banned from pavements and roads on Khao San Road, Bangkok’s top tourist destination, and two other locations in the city, starting from Aug 1, Bangkok deputy governor Sakoltee Phattiyakul said Tuesday.
— Bangkok Post

Unstoppable worker outflow dims Cambodia’s future prospects
Despite Thailand’s latest effort to stem the flow of migrants, workers from Cambodia continue to cross the border, as they try to flee an economy that offers little reward for their work.
— Nikkei Asian Review (paywall)

Governor of the Bank of Thailand Calls Out Fintech, Blockchain as Important to the Future of Finance
Speaking at the Bloomberg ASEAN Business Summit in Bangkok this past week, Dr. Veerathai Santiprabhob, Governor of the Bank of Thailand, delivered a broad based speech that discussed the opportunities provided by Fintech and blockchain specifically.
— CrowdFund Insider

Cabinet approves joint agreement on repatriation of Myanmar refugees
The Cabinet has endorsed an agreement between Thailand and Myanmar on their cooperation to repatriate Myanmar refugees, with a budget to be allocated in support of their journey home.

GHB makes strides in shift to digital services
GOVERNMENT Housing Bank (GHB) is making progress with its shift to providing digital services and will complete the transition by the middle of next year, the bank’s chief executive officer Chatchai Sirilai said in an interview with The Nation.
— The Nation

Dept of Foreign Trade organizes business networking between Thailand & Cambodia
Thailand’s Department of Foreign Trade (DFT) is introducing new Thai entrepreneurs to Cambodian businesses in Phnom Penh to create opportunities for trade with neighboring countries.

SCG Foundation unveils short film honoring vocational school teachers
SCG Foundation has unveiled a short film titled “Believe” honoring vocational school teachers and seeking to change perceptions towards vocational studies.

Policeman sentenced to 7 years in jail for engineer’s death
The parents of a young engineer shot dead by police in Sakhon Nakhon seven years ago on the pretext that he was involved in drug dealing were finally vindicated when the Supreme Court declared their son innocent and upheld the lower court’s seven and a half years’ imprisonment imposed on the police shooter for overacting and abuse of power.
— Thai PBS

Bidding date set for 2020 for Phuket’s new tram network
Contracts for a new tram network in Phuket will open for bidding in 2020, Mass Rapid Transit Authority of Thailand (MRTA) governor Pakapong Sirikantaramas said Tuesday.
— Bangkok Post

Vietnamese food and culture on show in Thailand
A Vietnamese Food and Culture Promotion Week was launched in Bangkok, Thailand on July 16 in the presence of representatives from foreign embassies in Bangkok, international guests and the Vietnamese community in Thailand.
— Nhan Dan

First batch of Thai pilgrims arrive
The first batch of 295 Thai pilgrims arrived at Prince Muhammad Bin Abdulaziz International Airport here on Monday.
— Saudi Gazette


Feature photo John Le Fevre


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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