Thailand Morning News For May 3

Thailand Morning News For May 3

Thailand morning newsSenior officials face axe for welfare fund fraud
THE SOCIAL Development and Human Security Ministry is poised to fire two senior officials for their role in the embezzlement of state funds for the destitute.
— The Nation

Officials mull changes to corporate tax
The Finance Ministry is conducting a study of the pros and cons of allowing subsidiaries that are situated in different geographic locations to separately pay corporate income tax to the areas where they are domiciled to make it more difficult to avoid tax payment.
— Bangkok Post

Continuing: The Battle for an IUU Free Thailand
Thailand’s hopes of having a ‘yellow card’ warning hanging over its fishing and seafood exports to the European Union (EU) removed a little more than three years after having it put in place appear to have been dashed.
— AEC News Today

April’s Consumer Confidence Index highest since 2015
The Center for Economic and Business Forecasting of the University of the Thai Chamber of Commerce (UTCC) has announced that April’s Consumer Confidence Index rose to the highest level in 40 months after a minimum wage rise.
— NNT

BoT expects Thai economy to grow 4% in first quarter
The Bank of Thailand (BoT) has forecast that the economic growth in the first quarter of this year will be similar to the last quarter of 2017 at 4%.
— News Today (video)

Is foreign money pushing up Bangkok property prices?
Bangkok’s ultra-luxury real estate market has again been placed in the media spotlight, this time by Bloomberg who cite a “foreign buying binge is fueling” the red-hot sector.
— Thailand Property News

NSC to push for setting up of central personal identity database
The National Security Council (NSC) will push for the setting up of a central personal identity database accessible to certain government agencies.
— NNT

First batch of Thai chicken meat exported to Yunnan
The Department of Livestock Development has promoted the export of poultry products with the first batch of chicken meat to Yunnan province of China. Given increasing demands of the Chinese market for poultry products, this export sector of Thailand is to be upgraded and expanded.
— News Today (video)

Laem Chabang port holds market sounding for Phase Three development
Laem Chabang port is pushing forward Phase Three of its development project with a market sounding.
— NNT

Accelerator Rise forecasts $4 bn startup ecosystem
CORPORATE accelerator Rise plans to steer the startup ecosystem in Thailand towards a US$4 billion valuation in 2020 under efforts to promote new ventures in the domestic and overseas markets.
— The Nation

Hundreds gather near U.N. headquarters in Bangkok to protest against Thai military govt.
Hundreds gathered outside the United Nations’ regional headquarters in Bangkok and two other locations on Wednesday to urge Thailand’s military government to end what they say is the intimidation of community activists by authorities.
— Reuters

Siriraj Hospital conducts Asia’s first triple organ transplant
Siriraj Hospital has successfully transplanted three organs into a single patient – the first medical achievement of its kind in Asia.
— NNT

DE responds after hackers used Thai servers to launch attacks
The Ministry of Digital Economy and Society (DE) has assured Thai servers were not harmed after hacker groups used them to launch malware attacks on other nations and that it has integrated the work of six groups to strengthen defenses.
— News Today (video)

Property utility charges clarified
Thailand’s new property rental law, which came into effect on May 1, stipulates that landlords with five or more rental properties are no longer able to profit from utility charges.
— Thailand Property News

Premchai tells court he didn’t kill black leopard
Tycoon Premchai Karnasuta and his three camping companions all entered pleas of not guilty in the Thong Pha Phum court on Wednesday to charges of poaching in Thungyai Naresuan Wildlife Sanctuary.
— Bangkok Post

Farmers warm to Solar Dryer Dome
GERMANY’s Covestro, a US$12.3 billion material science company that makes some of the world’s strongest coating and adhesives, is promoting the benefits of what it calls a breakthrough product that can boost the incomes of farmers and fishermen in Thailand.
— The Nation

SEPO to create agency-wide center for big data
The State Enterprise Policy Office (SEPO) has signed an agreement with 13 state enterprises to create an agency-wide center for big data.
— NNT

Will the junta’s Eastern Economic Corridor project help Thailand escape from the middle-income trap?
While the junta has high hopes for the Eastern Economic Corridor, some consider the project little more than a stop gap measure that will ultimately fail to address the underlying symptoms of the country’s poor economic performance.
— Southeast Asia Globe

PM Prayut instructs quick adoption of Big Data
The Prime Minister has instructed all related state agencies to speed up the adoption of Big Data technology to help with the country’s development plan.
— News Today (video)

Public Health Min expects dengue virus infections to be higher this year
The Ministry of Public Health has instructed its local offices nationwide to urge people to eliminate mosquito breeding grounds, to prevent a dengue fever outbreak as Thailand begins easing into the rainy season.
— NNT

A conversation with Thanathorn, Future Forward Party founder
Last month, the Future Forward Party, or Anakot Mai, burst into Thailand’s political scene, led by the charismatic auto parts tycoon Thanathorn Juangroongruangkit and Thammasat University law lecturer Piyabutr Saengkanokkul.
— New Mandala

Huge narcotics haul seized from four major drug operations
Police said four successful recent drug busts had led to the confiscation of a huge haul of narcotics, including more than 1,000 kilograms of marijuana, three kilograms of highly concentrated hashish oil, over 100,000 methamphetamine pills, some 5,300 grams of crystal methamphetamine and 850 grams of ketamine.
— The Thaiger/ The Nation

 

Feature photo Asian Development Bank

 

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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