Thailand Morning News For March 16

Thailand Morning News For March 16

Thailand morning newsBangkok continues anti-rabies campaign
The Bangkok Metropolitan Administration (BMA) is continuing its efforts to eliminate the disease rabies that has prompted grave concerns in several provinces.
— NNT

Red Bull scion notice disappears from Interpol website
The Interpol “Red Notice” for Red Bull scion Vorayuth “Boss” Yoovidhya, a hit-and-run suspect wanted by Thailand, has disappeared from the Interpol website.
— Bangkok Post

B500m limit suggested as mechanism to curb ICO risk
The Securities and Exchange Commission (SEC) could impose a cap on funds raised from initial coin offerings (ICOs) of 500 million baht per project in an attempt to curb systemic risks, says an academic.
— Bangkok Post

Thailand Delivers First Draft Of ‘Digital Asset’ Regulations
Thailand’s government issued drafts of cryptocurrency and ICO legislation as lawmakers reiterated they had no intention of banning the technology, Bangkok Post reported March 14.
— Cointelegraph

B3.8bn allotted to bolster SME revenue
The government has budgeted 3.81 billion baht for a pilot programme to build up small and medium-sized enterprises (SMEs) in 10 provinces, aiming to double the portion of GDP generated by SMEs to 10% by 2023.
— Bangkok Post

Manila Water acquires minority stake in Thai company for P8.6 billion
MANILA WATER Co., Inc. on Thursday said it has completed the deal to acquire a minority stake in a Thai company for P8.6 billion.
— BusinessWorld Online

Amlo set to step into women’s fund fraud storm
The Anti-Money Laundering Office (Amlo) will next week consider freezing 22 bank accounts linked to the alleged embezzlement of more than 88 million baht from a protection fund supposed to help vulnerable
— Bangkok Post

‘No poll delay’ as NLA sends Senate bill to top court
THE SENATE selection bill will be submitted to the Constitutional Court for review today after the National Legislative Assembly (NLA) and the Constitution Drafting Commission (CDC) failed to agree on certain issues.
— The Nation (annoying pop-ups)

Nigeria Contributes 10% to Thailand’s $12bn Gemstone Market
Due to disorganised nature of the gemstone business in Nigeria, the country contributes about 10per cent of the total $12 billion revenue generated annually by Thailand from gemstone.
— This Day

Ministry reassures public that rabies situation ‘under control’ – as two more die from disease
TWO MORE people have died from rabies in Tak and Prachuap Khiri Khan, raising the human death toll from the outbreak so far this year to six, although the Agriculture and Cooperatives Ministry insisted the situation was not serious.
— The Nation (annoying pop-ups)

DE scraps national digital infrastructure mutual fund
The government has scrapped the establishment of a mutual fund for national digital infrastructure aimed at gathering state telecom assets, including telecom networks returned after concessions, telecom towers and submarine cable routes.
— Bangkok Post

Thailand to issue $1bn bonds to help cut rubber supply
The Thai government plans to issue bonds to raise roughly 30 billion baht ($963 million) to fund projects aimed at cutting an oversupply of rubber and to prop up the price of the commodity.
— Nikkei Asian Review

 

From battlefield to marketplace on the Thai–Myanmar border
The Thai–Myanmar relationship is changing as diplomatic and economic bonds deepen, and so is economic life on the border. But large and still-marginalised migrant communities remain in Thai frontier towns like Mae Sot, facing challenges as donors redirect aid to “transitioning” Myanmar.
— New Mandala

Deal struck with Malaysia to build border wall in Songkhla
Thailand and Malaysia have agreed to proceed with a plan to build a border wall in Songkhla in efforts to strengthen security operations and fight transnational crime.
— Bangkok Post

Use of PromptPay system surges to 127 million transactions in one year
The number of PromptPay transactions for the past one year has surged to 127 worth more than 490 billion baht, said Ms Siritida Panomwon Na Ayudhya, deputy governor of the Bank of Thailand (BOT) for payment systems policy and financial technology.
— Thai PBS

Thai king extends corporate reach with stake in industrial firm
Thailand’s king now has a stake worth nearly $150 million in the country’s biggest industrial conglomerate, Siam Cement Group Pcl, according to stock exchange data, while his close aide is in line for a board seat.
— Reuters

10 electric rail lines for Bangkok likely to be approved
The Cabinet is expected to approve all 10 planned electric train systems for Bangkok this year to improve traffic flow in and out of the capital.
— NNT

Thailand’s largest medical hub set to be opened in Khon Kaen
A new ambitious project is being mulled to build Thailand’s largest medical hub in northeastern Khon Kaen Province.
— News Today (video)

DPM Prawit already submits clarification about his wristwatches to NACC
Deputy Prime Minister Prawit Wongsuwon has submitted his fourth written clarification about his expensive wristwatches to the National Anti-Corruption Commission.
— Thai PBS

Prawit beats clock, submits watch report
Deputy Prime Minister Prawit Wongsuwon submitted a clarification statement on his luxury watch collection to the National anti-Corruption Commission (NACC) Thursday just before the deadline expired.
— Bangkok Post

BOT to host financial innovation fair
The Bank of Thailand has scheduled the country’s first event to feature financial innovations.
— News Today (video)

THAIFEX – World of Food Asia 2018 to be held from May 29-June 2
Thailand is fully ready to organize THAIFEX – World of Food Asia 2018 from May 29-June 2, with a target of reaffirming the country’s status as Asia’s hub for food and beverages.
— NNT

Cabinet approves drafting of national airspace policy
The Thai government’s cabinet has approved the drafting of national airspace policy for flexible use in commerce and security, in response to airspace changes.
— NNT

Italian Thai CEO released on bail after hearing more charges
Italian Thai Co Ltd CEO Premchai Karnasutra has heard three more charges stemming from his alleged illegal wildlife hunt and has been released on a bond of 300,000 baht and on the condition that he remain in the country.
— NNT

Tourist islands unite to save environment
Koh Samui, Koh Tao and Koh Phangan in Surat Thani province will ban “unfriendly activities” which hurt the environment and marine ecological systems at the country’s top tourist destinations.
— Bangkok Post

Thai Negotiator Defends Peace Talks with Southern Rebels
Thai officials have been in contact with armed separatists in Thailand’s Deep South in the past, but this approach only leads to more violence, the junta’s chief peace negotiator said Thursday, in a rare defense of the much-criticized peace process.
— Benar News

Govt asked to oversee transfer of non-police duties to 28 agencies
A police reform committee is set to hand over non-police duties to governmental agencies to allow the police to work more effectively on crime suppression and prevention.
— NNT

Thai auto heir launches new party, promises to heal political rift
A scion of Thailand’s biggest autoparts group launched a political party in Bangkok on Thursday as an alternative to established parties, promising to bridge a festering political divide.
— Reuters

Mercedes to expand car battery production in Thailand
German car builder Mercedes-Benz announced on March 14 that it will invest around €100 million ($123 million) jointly with its Thai partner Thonburi Automotive Assembly Plant Co Ltd to expand an existing car battery factory in Thailand and also to set up a new facility to produce high-performance batteries for hybrid cars.
— Investvine

Thailand promotes anti global warming garment manufacturing
Government agencies and private companies are pushing forward the development of CoolMode clothes, which can help reduce 3.6 billion tons of carbon-dioxide emission each year.
— NNT

DPM Prawit denies the existence of CIA’s secret prison in Thailand
Deputy Prime Minister Prawit Wongsuwon who is in charge of security affairs categorically denied there was a CIA’s secret detention centre in Thailand as alleged by Amnesty International.
— Thai PBS

Ministries promote workplace safety for workers
The Office of the Occupational Safety and Health Division (OSH) in Udon Thani has set up a network of ministries to promote workplace safety among Thai and migrant workers.
— NNT

Digital TV operators to be given 3-year debt moratorium reprieve
Prime Minister Prayut Chan-o-cha, in his capacity as head of the National Council for Peace and Order (NCPO), will be proposed to invoke Section 44 of the interim Constitution to impose a three-year debt moratorium to help digital TV operators struggling to pay up their license fee instalments in wake of shrinking advertisement revenue and audience.
— Thai PBS

Wildlife traders arrested with elephant tusks and tails
Tak provincial police yesterday (Mar 14) arrested two wildlife traders after finding 24 elephant tusks and 16 elephant tails in their pickup truck.
— Thai PBS

Graft at self-help centres feared as elderly report scams
AN ONGOING investigation has indicated corruption plaguing the government’s projects for self-help settlement communities and hill-tribe development centres.
— The Nation (annoying pop-ups)

Deal struck with Malaysia to build border wall in Songkhla
Thailand and Malaysia have agreed to proceed with a plan to build a border wall in Songkhla in efforts to strengthen security operations and fight transnational crime.
— Bangkok Post

 

Feature photo Max Pixel

 

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/ managing 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.

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