Thailand Morning News For June 12

Thailand Morning News For June 12
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Thailand morning newsFinance Ministry misses revenue target in first 8 months of fiscal 2017
The Ministry of Finance says it missed the revenue target in the first 8 months of fiscal 2017.

Is a property crash on the horizon?
After a former WTO head’s warning that a bubble may be forming in the Thai housing market, developers and high-ranking officials have rushed to allay fears that the sector risks overheating.
– Bangkok Post

Thailand 4.0 ‘needs urgency’
THE THAI government needs to have a sense of urgency in initiating the Thailand 4.0 scheme, which should deliver a substantial result to the country in a certain period of time, say academics.
– The Nation

Revenue Dept soon to table draft law on e-business taxation
THE Revenue Department is expected to table a draft e-business law, which will tax online trading transactions for goods and services, for the Cabinet’s approval this month.
– The Nation

Commerce Min expects e-Commerce businesses to grow 10% this year
The Department of Business Development (DBD) says the e-Commerce sector is likely to grow 10% this year.
– NBT World (VDO)

Ital-Thai expects to bag 25% of govt projects
LISTED construction firm Italian-Thai Development Plc expects to bag at least 25 per cent of the total government infrastructure projects worth Bt600 billion that will open for bidding in the second half of this year till next year, company president Premchai Karnasuta said recently.
– The Nation

BAY tests Cambodian waters
Bank of Ayudhya (BAY), Thailand’s fifth-largest lender by assets, is exploring business opportunities for its unsecured car and motorcycle loans in Cambodia.
– Bangkok Post

Thailand eyes OBOR for Eurasian market
THAILAND hopes that China’s “One Belt, One Road” (OBOR) initiative would boost trade and investments as well as increase the number of tourists visiting Thailand from Eurasian countries, including Kazakhstan which is hosting the Astana Expo 2017.
– The Nation

Commerce minister accuses ill-intent elements mislead farmers about the government’s measures to boost rice prices
There are attempts to distort information about Thai rice market by some ill-intent elements to feed farmers with misleading information about the government’s use of measures other than the rice pledging scheme to address rice price problem, said Commerce Minister Apiradee Tantraporn on Sunday.
– Thai PBS

PM calls for speedy development in rural provinces
The Prime Minister has ordered provincial authorities to revise development plans in line with national strategies.
– NBT World (VDO)

Govt to inject THB80 bn to develop water sources in EEC [Edited]
The Royal Irrigation Department will spend more than 80 billion baht on many flood and water shortage prevention projects in the Eastern Economic Corridor (EEC) areas.

Thai Military Court Jails Thai Man for 35 Years for Lese Majeste
A military court in Thailand has sentenced a 34-year-old man to 35 years in prison for violating the country’s draconian lèse-majesté law, which criminalizes all perceived insult toward the nation’s monarchy.
– Chiangrai Times / Wires

The government took steps to regulate popular Facebook pages this week, and among the 30 such pages summoned to meet with broadcast regulators was a 6-month-old page called “E-Jan.”
– Khaosod English

Finance Min reviewing assistance measures for the poor
The Ministry of Finance is considering various assistance measures for the poor and low-income earners.

Thailand succeeds reducing greenhouse gas emission below limit
Thailand has successfully limited its greenhouse gas emission to be under the target amount as pledged at the UNFCC COP21, aiming to incorporate the industrial and waste sectors within this year.

Cap seal to be phased out in Thailand within a year
Thailand is expected to phase out cap seal within a year which means that the problem of 520 tonnes of cap seals which are dumped into the environment each year will be resolved.
– Thai PBS

Govt eyes 200BN baht revenue from small, boutique hotels
The government is working to push forward small and boutique hotel businesses that highlight cultural aspects to attract tourists from across the globe, expecting annual growth to generate 200 billion baht revenue each year, says government spokesman.


Feature photo John Le Fevre
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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