Thailand morning news for November 2

Thailand morning news for November 2

Thailand morning newsThai score improves in Ease of Doing Business but ranking drops
THAILAND’S EASE of Doing Business(EODB) score has seen an improvement but its ranking has dropped as other economies have implemented reforms much faster, according to the World Bank.
— The Nation (annoying popups)

Thai lenders accelerate online banking with revamped apps
Thai banks have strengthened their push for the use of online banking services over physical branches with a suite of revamped mobile banking applications.
— Nikkei Asian Review

Thailand eyes new rice sales in push to 11m-tonne target
A weaker baht pushed rice export prices in Thailand lower this week, although there were expectations of new deals with the Philippines and China, while rates in India languished at the 21-month lows hit last week due to sluggish demand.
— Bangkok Post

Thailand rate hike expected despite lower Oct inflation: Citi
Even though Thailand’s October inflation came in lower than expected, a rate hike may be on the cards at the upcoming Nov 14 meeting, Citi analyst Nalin Chutchotitham wrote in an economics flash on Thursday.
— Business Times

Boxers unite to block new law that would keep children out of the ring
Prominent Muay Thai fighters have handed a letter to the Sports Authority of Thailand to protest a new bill which forbids children from fighting in the ring.
— The Nation (annoying popups)

BoT: Growth drops slightly in Sept
The Thai economy in September expanded at a slower rate than the previous month but private consumption and public investment continued to grow.
— News Today (video)

Prayut eyes global startup hub
The government is setting out on an ambitious plan to turn the country into the global hub for startups through legal upgrades and easier access to funds, Prime Minister Prayut Chan-o-cha said.
— Bangkok Post

EEC threat to water resources
Experts warn three provinces already facing shortages; agencies look to create new reservoirs in nearby areas.
— The Nation

Millennials advised to improve skills
Millennials should quickly improve their skill set to adapt to the age of automation and technology 4.0, while increased savings for retirement are anticipated as income growth could be affected by automation, says Krungthai Macro Research.
— Bangkok Post

Thailand Among 30 Best Places to Do Business: World Bank
Thailand is the 27th easiest country in the world to start a business, according to a new World Bank economic forecast.
— Khaosod English

Minister mulls taxi fare hike proposal
Transport Minister Arkhom Termpittayapaisith is demanding officials study further an 8% taxi fare hike before he approves the proposal.
— Bangkok Post

FM Says Thailand Doesn’t Need Foreign Election Observers
The foreign minister said Wednesday it would be “inauspicious” to have foreign election observers for elections slated for February.
— Khaosod English

Democrats’ Thailand-first e-vote fails on forgotten setting
Thailand’s oldest party was all set for historic electronic voting to begin at branches in Bangkok, the North and the Central Plains at 8am on Thursday.
— Bangkok Post

Auction process of Laem Chabang 3rd Phase begins
The Port Authority of Thailand (PAT) will begin distributing the terms of reference (TOR) of the 3rd-phase of Laem Chabang Port on 5 November before receiving bids in early January 2019. The port’s third phase is expected to be operational in the next five years.
— News Today (video)

EEC vision taking shape land use draft
THE first draft statement for the layout of land use in the Eastern Economic Corridor (EEC) will be released next month on expectations that the proposals will come into force within six months, paving the way for investment inflows of as much as Bt500 billion in the flagship economic zone over five years.
— The Nation

GSP removal not causing much concern
Thailand’s overall exports are unlikely to be affected much by the US’s decision to cut 11 Thai products out of its Generalized System of Preferences (GSP), insists the Foreign Trade Department’s chief.
— Bangkok Post

Thai Army Paid Much, Much More For Same Helo Used by King Power CEO
While the media have saturated the country with tributes to the duty-free tycoon who died in a helicopter crash Saturday, a transparency activist noticed something unusual in the details.
— Khaosod English

Airbus hopeful of Thai sales
Johan Pelissier, head of Airbus Defence and Space for Southeast Asia, said the company has met with Thai officials and partners here, presenting them the latest defence aircraft and space products.
— Bangkok Post

IATA wants faster work on runways
Transport Minister Arkhom Termpittayapaisith said he will ask the Airports of Thailand Plc (AoT) to consider speeding up plans to improve ground safety conditions at Suvarnabhumi airport.
— Bangkok Post

PM mulls developments towards general election
Prime Minister Gen Prayut Chan-ocha says he is looking into an appropriate time to lift bans on political activity and is considering sometime in November or early December.
— Pattaya Mail

World Bank: Thailand’s business climate improving
Four recent key regulatory reforms affecting small- and medium-sized businesses in Thailand have been highlighted in the World Bank’s latest Ease of Doing Business report.
— Bangkok Post

Food, oil prices drive inflation at 1.23% in October
Rises in the price of food and beverages were mainly in Bangkok and nearby provinces.
— Bangkok Post

Mahathir makes last regional peace effort in Southern Thailand
During his years of retirement from 2003 to May 2018, Malaysian Prime Minister Mahathir Mohamad spent his time building mosques and an orphanage in Muslim-majority provinces in southern Thailand.
— Channel NewsAsia

NBTC takes charge for PromptPay expansion, security
The National Broadcasting and Telecommunications Commission (NBTC), in collaboration with the Bank of Thailand, 20 financial institutions and six mobile operators, are driving for data connectivity to tighten security of PromptPay, the national e-payment system.
— Bangkok Post

SEC tells buyers beware
The Securities and Exchange Commission (SEC) has warned investors to avoid investing in securities products via two websites and social media accounts as they are not authorised securities and futures dealers.
— Bangkok Post

Green groups to petition PM to suspend road construction at Khao Panern Thung
Fifteen wildlife conservation organizations will march to the Government House next Monday to petition Prime Minister Prayut Chan-o-cha to put on hold the Kaeng Krachan national park’s plan to asphalt the road to Khao Panern Thung, a popular mountain-top tourist attraction in the southern province of Phetchaburi.
— The PBS World

EEC Office ordered to study province expansion
The Industry Ministry has ordered the Eastern Economic Corridor (EEC) Office to conduct a feasibility study for expanding the EEC into new provinces to further drive investment demand in the industrial sector
— Bangkok Post

Thailand and China ink sister port pact
Thailand’s Laem Chabang Port and China’s Qinzhou Port have signed a sister port agreement to promote trade and maritime connectivity between Thailand and China, both of which will set up a joint working group and host a biennial meeting.
— News Today (video)

 

Feature photo Robert Amsterdam

This week’s Thailand morning news feature photo acknowledges International Day to end Impunity for Crimes against Journalists, November 2.

 

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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Maria Mirasol Rasonable graduated with a Bachelors Degree in journalism from Polytechnic University of the Philippines, Santa Mesa, Manila, Philippines.

She previously covered police rounds for Philippine Daily Inquirer as a trainee before becoming editorial staff at Gospel Komiks under the Communication Foundation for Asia (CFA-MG), Santa Mesa, Manila where she wrote lifestyle and trending fashion and styles articles.

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