Thailand morning news for October 11

Thailand morning news for October 11

Thailand morning news$6.4 Million of Thai Actor’s Family Assets Seized in $24 Million Bitcoin Fraud Case
Ten months after a Finnish national filed a complaint after losing 5,564 bitcoins to fraudsters in Thailand, the family of the Thai television actor Jiratpisit ‘Boom’ Jaravijit is now the target of the country’s anti-money laundering agency in relation to the scam.
— CCN

Travelers Spend More Money in Thailand Than Anywhere Else in Asia
Just more than a year ago, I ate at Nahm, in Bangkok—and walked out after paying barely $60 for a tasting menu that currently ranks 49th on the World’s 50 Best Restaurants list.
— Bloomberg

Thailand’s Balancing Act Between the US and China in the Age of Trump
Thailand appeared to have swung decisively toward China in the aftermath of the bloodless 2014 coup, when Gen. Prayut Chan-o-cha swept to power in Bangkok after deposing the democratically-elected government of Yingluck Shinawatra.
— Geopolitical Monitor

NBTC’s No.2 quits for politics
Settapong Malisuwan has quit as vice-chairman of the National Broadcasting and Telecommunications Commission (NBTC) to pursue a political career in the Bhumjaithai Party.
— Bangkok Post

Thailand gains a Golden Week reprieve
China’s Golden Week holiday travel to Thailand turned out marginally positive according to the Ministry of Tourism and Sports.
— TTR Weekly

Bid to catch 11/11 travellers
The Tourism Authority of Thailand (TAT) and Chinese online travel firms are set to launch 11/11 campaigns and special countdown events to appeal to mainland tourists for the duration of this year.
— Bangkok Post

Thai court grants bail to former PM Thaksin’s son in money laundering case
A Thai court on Wednesday granted bail of 1 million baht ($30,000) to the son of fugitive former prime minister Thaksin Shinawatra after he was indicted of money laundering, a case his supporters condemned as politically motivated.
— Reuters

Skybridges pave the way for continued growth in Thailand
The 250-metre-long skybridge from ibis Bangkok IMPACT in Thailand, which leads to the venue’s exhibition halls, is now open to serve hotel guests and visitors.
— Exhibition World

Tata Steel eyes quick plant reboot
SET-listed Tata Steel Thailand Plc (TSTH) says an electric arc furnace steel plant in Rayong province is expected to resume full operations within 15 days after its technician team and local government staff complete an investigation.
— Bangkok Post

LAW CHANGE FOR FUNDS TO HOLD SHARES IN AIRLINES
Chula Sukmanop, director-general of the Civil Aviation Authority of Thailand, said after a meeting yesterday that the board had agreed in principle to a plan to revise an aviation law to allow funds established under the Thai exchange law and provident funds to hold shares in airlines.
— The Nation

FOMM Asia first to win BoI perks to make battery EVs
Thai-Japan joint venture FOMM Asia Co is the first carmaker under the government’s electric vehicle (EV) scheme to win Board of Investment (BoI) incentives to manufacture battery EVs, as other makers have joined hybrid and plug-in hybrid EV schemes.
— Bangkok Post

Vachamon Awards 2018 attendee hopes to boost apple and pear imports in Thailand
Golden Bay Fruit, an apple grower-packer-exporter in the Southern Island of New Zealand attended the first edition of Vachamon Awards last 22nd September 2018, a new concept gathering the top 100 wholesalers in Thailand.
— Fresh Plaza

EU ambassadors encourage Thailand to end executions
CAPITAL PUNISHMENT is for authoritarian countries and not democracies, delegates from the European Union stressed yesterday as they urged Thailand to abandon prisoner execution.
— The Nation

Fetco prepares for equity fund changes
The Federation of Thai Capital Market Organizations (Fetco) is conducting a feasibility study to prepare an “exit strategy” to mitigate possible investment outflows if the Finance Ministry does not extend the tax deductions for long-term equity fund (LTF) investment next year.
— Bangkok Post

Bitcoin theft fugitive’s Thai passport revoked after no show
The Foreign Ministry has revoked the passport of fugitive Prinya Jaravijit, believed to be in the United States and the prime suspect in the theft of bitcoins said to be worth 797 million baht from a Finnish investor, according to the Crime Suppression Division.
— Bangkok Post

Decision to scrap pachyderm polo is a sad day for elephant welfare
For several years during the early days of elephant polo in Thailand I sponsored two elephant polo teams that were involved or played in the King’s Cup Elephant Polo Tournament.
— The Nation

Instagram ramps up battle against bullying
Instagram on Tuesday added more weapons to battle cyber bullying, using artificial intelligence to scan photos for abusive content at the Facebook-owned service.
— The Nation

Opinions split on collusion claims in poll
The Pheu Tham and Pheu Chart parties represent a diverse group of people within one circle, and both parties are designed to capture as many votes as possible for their allies under the new election system, said former National Security Council secretary-general and Pheu Thai member, Paradorn Pattanabut.
— Bangkok Post

Major Cineplex pushes for e-sports
MAJOR CINEPLEX Group, the operator of multiplex theatres, yesterday expanded its cinema business with the launch of a new “e-sports theatre”, claimed to be the first in the world.
— The Nation

Govt blacklists Dole-Thailand over labour dispute
The government has blacklisted Dole Thailand, a multinational canned fruit company, after Myanmar workers accused one of its factories of labour rights violations, the Myanmar Embassy in Bangkok said in a statement.
— Myanmar Times

Thailand paces region in CMMI-certified software
Thailand ranks No.1 in Asean for a third straight year with the highest number of software firms receiving CMMI global certification in software development.
— Bangkok Post

New funds to replace LTFs at end of 2019
New type of funds will be set up to replace the long term equity fund (LTF) which will end next year, in a move to boost long-term investment in the Thai bourse, said Federation of Thai Capital Market Organisations (Fetco).
— The Nation

Thailand’s innovation agency launches cyber tech district for local, international startups
Thailand’s National Innovation Agency (NIA), in collaboration with True Digital Park, has launched an innovation platform for startups, says a report by Bangkok Post.
— Yahoo News

B6.5bn in aid to prop up cane farmers
The cabinet on Wednesday approved 6.5 billion baht worth of financial aid to sugar-cane farmers for the 2018-19 crop to help alleviate their plight, as local sugar prices have dropped sharply after the country’s 30-year quota subsidies system and domestic price controls ended last year.
— Bangkok Post

In Thailand, close to the zoo, where elephants swim
The petition to close the zoo, where elephants are forced to perform tricks under water, scored 134 thousand votes from around the world.
— The Borb Times

3-firm joint venture formed for Ekamai condo
Property developer All Inspire Development Plc has formed a joint venture with two leading property developers, JR Kyushu and Hoosiers Holdings, to establish AHJ Ekamai Co in a move to strengthen business capacity and capitalise on growing condominium demand.
— Bangkok Post

 

Feature photo My-Thai.org

This week’s Thailand morning news feature photo acknowledges World Mental Health Day October 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 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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