Thailand Morning News For August 3

Thailand Morning News For August 3

Thailand morning newsGDP growth this year forecast at 3.5-4%
The Joint Standing Committee on Commerce, Industry and Banking forecast this year’s economic growth at 3.5-4% after the country enjoyed a 7.8% growth in exports the the first half of this year.
— Thai PBS

Housing lenders say NPL peak in sight
Bad housing loans are expected to peak this quarter as lenders’ tightened scrutiny and debt restructuring keep a lid on deteriorating assets, says the Housing Finance Association.
— Bangkok Post

Engineers highlight lack of local flood plans and warning systems
THE FLOOD crisis in Sakon Nakhon and other Northeastern provinces highlighted the need for local plans to handle disaster preparation and warning systems, the Engineering Institute of Thailand (EIT) urged at a press conference in Bangkok yesterday.
—The Nation

William Pesek: Thailand is on track for a lost decade
The group of generals running Thailand risk giving the military a bad name for economic management.
— Nikkei Asian Review

Phuket lifeguards warn of Portuguese man-o-war
Lifeguards at Nai Yang Beach on Phuket’s northwest coast have issued a warning for Portuguese man-o-war after one of the species washed up on the beach
— Phuket News

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Caution rules on economy despite raised forecast for export growth
THE THAI National Shippers’ Council (TNSC) has scaled up its forecast for this year’s growth in exports to 5 per cent from an earlier projection of 3.5 per cent, while the country’s peak private-sector grouping is sticking with its estimate of economic growth of 3.5-4 per cent for 2017.
— The Nation

Thailand may export 11m tonnes of rice this year
Thailand is likely to export 11 million tonnes of rice this year, higher than its target, Commerce Minister Apiradi Tantraporn said on Wednesday.
— Bangkok Post

Thailand, long used to China’s carrots, now gets the stick
China’s Belt and Road Initiative (BRI) is its new grand strategy. Chinese leaders have emphasised that the initiative is a win-win solution whose economic benefits will be shared across continents.
— Today Online

Northern, northeastern, and southern regions still experiencing heavy rainfall
The northern, northeastern, and southern regions of the country continue to experience heavy rainfall, while tropical storm Haitang is reportedly weakening and will have no impact on Thailand.
— NBT World (video)

PM instructs all units to inspect reservoirs’ integrity
Prime Minister Gen. Prayut Chan-o-cha has instructed the provincial royal irrigation offices, local administrative organizations and all relevant agencies to check the integrity of all dams, reservoirs, and water barriers under their responsibilities.

Three digital projects seek green light
AS part of efforts to support the Thailand 4.0 vision and the Digital Park project, the Digital Economy and Society Ministry will next month submit three digital projects for Cabinet approval.
— The Nation

DPM for Economy satisfied with 4.0 policy implementation
Deputy Prime Minister Somkid Jatusripitak has expressed his satisfaction with the Ministry of Digital Economy and Society in its implementation of the government’s Thailand 4.0 agenda.

Government promotes Thai herbal industry
The Thailand National Nanotechnology Center (NANOTEC) and the Innovation and Technology Assistance Program (ITAP) together with the Ministry of Public Health organized an academic seminar under the theme “Local Wisdom to Global Value” to increase value of Thai herb with nanotechnology.
— NBT World (video)

PM orders for post-flooding recovery plans
The Prime Minister has ordered the authorities to conduct a damage survey and commissioned prompt recovery operations to ensure all water reservoirs will be capable of storing more water during dry season.

B46bn aid for poor heads for cabinet
A new aid package worth 46 billion baht for low-income earners will go before the cabinet for approval in the next few weeks.
— Bangkok Post

Yingluck implores court to dismiss rice fraud case
Former Prime Minister Yingluck Shinawatra has denied any wrongdoing in her closing statement on the rice corruption case.
— NBT World (video)

HM the King bestows animal food for farmers’ livestock in Maha Sarakham
His Majesty the King granted animal feed to flood-affected farmers in Maha Sarakham to help farmers feed their livestock.

Supreme Court acquits ex-premier Somchai and three others of charges amid rising tension
The Supreme Court’s Criminal Division for Holders of Political Offices today (Aug 2) acquitted former prime minister Somchai Wongsawat and three high-profile defendants of charges for ordering the crackdown of yellow-shirted protesters at the parliament nine years ago.
— Thai PBS

Supreme Court’s acquittal verdict raises concern
A former core leader of the People’s Alliance for Democracy (PAD) has expressed concern over the acquittal of former prime minister Somchai Wongsawat and three other defendants by the Supreme Court’s Criminal Division for Holders of Political Offices.
— Thai PBS

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Anger at acquittal of ex-PMs
YELLOW-SHIRT leaders have called on the National Anti-Corruption Commission (NACC) to appeal yesterday’s acquittal of four defendants in a case stemming from the fatal 2008 crackdown.
— The Nation


Feature photo Zashnain Zainal
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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