Thailand morning news for November 7

Thailand morning news for November 7

Thailand morning news

War hits investor confidence index
The Federation of Thai Capital Market Organisations’ (Fetco) Investor Confidence Index (ICI) for the next three months (through to January 2019) fell into the neutral zone, decreasing by 7.23 per cent to 113.73.
— The Nation

Private sector expects export growth to slow next year
In addition, the new United State-Mexico-Canada Agreement would have an impact on Thai industries. The committee also mentioned Washington’s decision to drop 11 Thai products from its Generalized System of Preferences (GSP), and the slowing growth of major economies.
— Bangkok Post

Police seize dozens of Thaksin-Yingluck calendars in Ubon Ratchathani
A combined force of police, military personnel and local administration officials on Tuesday seized dozens of New Year’s calendars depicting former prime ministers Thaksin and Yingluck Shinawatra from a house in Warin Chamrap district of the northeastern province of Ubon Ratchathani.
— Thai PBS

Somkid asks Jack Ma to revive tourism
Deputy Prime Minister Somkid Jatusripitak has asked Alibaba Group Executive Chairman Jack Ma to help promote tourism in Thailand through the Chinese e-commerce firm’s online channel, as the kingdom has experienced a marked drop in Chinese travellers in recent months.
— Bangkok Post

No more smoking in public in Thailand
Smokers heading outside the front of buildings in Thailand for a quick cigarette will soon be a thing of the past. New laws have been enacted that will shortly come into force.
— The Thaiger

GDP growth forecast to stay despite Q3 setbacks
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is sticking to its GDP growth forecast of 4.4 to 4.8 per cent despite a difficult third quarter, insisting the setbacks are only temporary.
— The Nation

UN body petitioned over the longest ongoing detention of a lèse-majesté defendant
FIDH and its partner organization Thai Lawyers for Human Rights (TLHR) today petitioned the United Nations (UN) Working Group on Arbitrary Detention (WGAD) to seek the release of lèse-majesté defendant Siraphop Kornaroot.
— Prachatai English

State pays the price for duplication of student names
STATE-RUN SCHOOLS registered 180,000 duplicate names on their student lists in the 2017 academic year, adversely affecting the state budget.
— The Nation (annoying popups)

Tourism package ready
A series of tourism stimulus measures, including visa fee waivers for citizens of some countries and improved safety and security rules, is about to go before the cabinet as the industry looks for a boost in the last two months of the year.
— The Phuket News

Dip in investor confidence shrugged off by analysts
Despite a slight downturn in the Thai stock market due to the US-China trade war, analysts have assessed that the situation will improve due to the Thai economy’s overall strength and recovering investor sentiment.
— News Today (video)

‘Big Joke’ to continue with crackdown
ACTING IMMIGRATION Police chief Pol Maj-General Surachate Hakpal, who recently got the job because of his relentless crackdowns on foreigners, continues with his mission of removing overstaying or illegal foreigners and pulling in more tourists.
— The Nation

Thailand runs ahead of the digital game with rapidly evolving infrastructure and digital ecosystem
Digital industry is a significant driver of Thailand’s economic transformation strategy, as the country has been moving beyond capturing the global digital evolution for years.
— Business Insider

Royal Thai Army to provide 10,000 winter clothes to cold-stricken residents
The Royal Thai Army and Siam Kubota Corporation will provide 10,000 items of winter clothing to people living in remote areas in the North and North East of Thailand to help them cope with cold weather.
— NNT

Hospital demands proceeds from controversial charity Chon Buri marathon organizer
The controversial charity Chon Buri marathon run has been over with a sour note among many runners for almost a month. But its fallout still lingers on.
— Thai PBS World

Squid importers face extra paperwork
The Department of Fisheries will demand importers of squid from Myanmar present official papers certifying that they have been caught according to sustainable fishing practices, in a move perceived as a measure to help shore up the price of local squid.
— Bangkok Post

Jasmine Rice 105 price soars
Thailand’s rice market is sustaining optimism this year as farmers in Pichit province gain high prices for Jasmine Rice 105.
— NNT

Rawai Mayor confirms lifeguards patrolling Nai Harn Beach everyday
Rawai Mayor Aroon Solos has confirmed that Nai Harn Beach has lifeguards to keep an eye on beachgoers every day.
— The Thaiger

PM steps in amid furore over asset declaration rule
A NEW rule requiring more holders of important public positions to declare their assets to the National Anti-Corruption Commission (NACC) has triggered such serious concerns that Prime Minister General Prayut Chan-o-cha has decided to intervene.
— The Nation (annoying popups)

Interior Minister denies Sustainable Thai Idealism project is populism
Thailand’s Interior Minister, General Anupong Paochinda, has defended the government’s Thai Niyom Yangyuen or Sustainable Thai Idealism project, claiming it has succeeded in empowering communities and it was not a move to win votes.
— NNT

No decision yet on court buildings in Doi Suthep forest
IT IS STILL unclear whether the buildings, initially planned as residences for court officials and judges, in Chiang Mai’s Doi Suthep forestland will be torn down in response to calls from environmentalists.
— The Nation (annoying popups)

Researchers propose BCG model for economic sustainability
The government has continued to support research within the country with the objective of escaping from the middle-income trap. Solutions have been proposed by researchers to create stability, prosperity and sustainability in Thailand.
— News Today (video)

Cabinet adjusts smart visa criteria in support of industrial development
The Cabinet has made changes to the criteria and benefits of the smart visa program in a bid to facilitate foreign academics who come to share their knowledge with Thai industrial personnel.
— NNT

BBL banks on overseas operations to push 5% loan growth in 2019
Despite Thailand’s expected economic slowdown next year, Bangkok Bank (BBL) is targeting a 5-per-cent rise in the overall loan portfolio next year, which could be driven partly by estimated growth in loans from foreign operations.
— The Nation

Thailand runs ahead of the digital game with rapidly evolving infrastructure and digital ecosystem
Digital industry is a significant driver of Thailand’s economic transformation strategy, as the country has been moving beyond capturing the global digital evolution for years.
— AEC News Today/PR Newswire (media release)

Stringent measures afoot to tackle air pollution
THAILAND AIMS to reduce the health impacts from air pollution by 25 per cent by 2030, while there will be stricter monitoring of air pollution and prevention measures this year during the haze season in the North and Bangkok.
— The Nation (annoying popups)

Thai junta says no need for foreign observers at next year’s election
Thailand does not need international observers to monitor next year’s general elections, the foreign minister said on Tuesday, despite criticism from pro-democracy activists that the junta has restricted fundamental civil rights.
— Reuters

AIA Group aims to plug Asia’s protection gap
“At AIA, we see tremendous growth potential across the region, driven by a huge protection gap. In a country like Thailand, there is low penetration of individual life and health insurance,” said Spencer.
— The Nation

Taxi operators want new rate to apply to all taxis
Taxi companies are urging Thailand’s Department of Land Transport (DLT) to apply the new taxi fare to all taxis as opposed to just members of the TAXI OK program.
— NNT

Cisco joins hands with state agency to train IoT, cybersecurity talent
Tech giant Cisco together with the Digital Economy Promotion Agency (DEPA) under the Ministry of Digital Economy and Society and King Mongkut’s University of Technology North Bangkok have entered into an alliance to train professionals in Internet of Things (IoT) and cybersecurity.
— The Nation (annoying pops)

Explosion during water drill kills, injures soldiers
One soldier was killed and seven others injured when an explosive detonated in the water beneath their inflatable boat during a drill at Burachat Camp in Muang district on Tuesday.
— Bangkok Post

Crypto firm expects Thai crypto market to grow by 500% in 3 years
A crypto fundraiser firm Icora has said that Thailand’s crypto asset market could reach the top five in Asia in three years, as the Thai market is expected to grow by over 500%.
— NNT

Muslim concern about vaccine fuels measles outbreak
Health authorities are racing to contain a measles outbreak in the country’s southern provinces, where 14 deaths and more than 1,500 cases have been reported since September.
— Bangkok Post

BMA and Social Development Min collaborate on managing parks and homeless
The Bangkok Metropolitan Administration (BMA) and the Ministry of Social Development and Human Security are working to ensure the safety of municipal parks and rehabilitate the homeless.
— NNT

Toyota posts 16% growth in net profit
“Sales of hybrids in Europe grew and demand was also robust in Thailand and India in the Asian region,” senior managing officer Masayoshi Shirayanagi said at a press conference.
— Bangkok Post

Palm oil being used to produce biodiesel
The National Palm Oil Policy Committee is set to use 160,000 tons of palm oil in the production of biodiesel and electricity in an effort to make palm oil prices more stable.
— NNT

High rice price has farmers split over harvested crops
The Ministry of Commerce is providing harvesters to rice growers as higher prices have prompted many to maximize their harvests this season.
— NNT

Thai cuisine ‘under threat’ from foreign influences
The Culture Ministry has pledged to investigate ways to preserve authentic Thai cuisine from the increasing influence of foreign dishes.
— The Phuket News

 

Feature photo John Le Fevre

This week’s Thailand morning news feature photo acknowledges World Science Day for Peace and Development, November 10.

 

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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