Thailand Morning News For June 21

Thailand Morning News For June 21

Thailand morning newsPM: No loan to be sought from China for high-speed rail project
The Prime Minister has denied reports that the government would obtain a loan from China to implement the Thai-Chinese high-speed train project, affirming that the project is in the best interest of the nation.

Cheap rural net by 2018
Thailand’s first state low-cost, high-speed fixed line-based broadband internet service will be offered to 3,920 border villages across 62 provinces by mid-2018 as the national telecom regulator attempts to bridge the digital divide.
– Bangkok Post

Cabinet endorses Article 44 for energy projects
THE CABINET yesterday endorsed a plan to exercise special power under Article 44 of the provisional charter to allow the farmland managed by the Agricultural Land Reform Office (ALRO) to be used for mining and the generation of energy, Government Spokesman Lt-General Sansern Kaewkamnerd said.
– The Nation

Business registrations hit 4 year high in May
Business registrations hit a four-year high in May on continued economic recovery.
– NBT World (video)

SME Bank invests $1.23m in Thai dessert producer and mushroom farm
The Small and Medium Enterprise Development Bank of Thailand (SME Bank) has signed two joint venture agreements to invest up to 42 million baht ($1.23 million) in Virgin F&B and Khao Yai Panorama Farm.
– Deal Street Asia

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PM asks public to back Sino-Thai deal
Prime Minister Prayut Chan-o-cha has appealed for public support for the Thai-Chinese high-speed railway project to help it get off the ground, while reiterating that his Section 44 order to speed up construction is in the country’s best interests, not a special favour to China.
– Bangkok Post

BMTA puts off NGV bus auction indefinitely
The Bangkok Mass Transit Authority (BMTA) has postponed an auction for 489 NGV buses indefinitely as more deliberation is needed.

Thais get 75% of rail deal
TECHNOLOGY transfer will be included in all three contracts for construction of the Bt179.4 billion Thai-Chinese high-speed train project, Transport Minister Arkhom Termpitayapaisit said.
– The Nation

SET decries profit grab
The proposal by the Securities and Exchange Commission (SEC) that the Stock Exchange of Thailand (SET) contribute 90% of its net profit each year to the planned Capital Market Development Fund (CMDF) could blunt the stock market’s competitiveness and stall attempts to become a leading equity market in Asean.
– Bangkok Post

A government spokesman said Tuesday the junta is preparing another volley of its extralegal authority to overturn a court ruling that barred petroleum exploration and production on land allocated for agricultural use.
– Khaosod English

‘I was framed,’ school chief swears
The director of a school accused of demanding 400,000 baht in “tea money” from a parent in exchange for enrolling a student has denied the allegation, claiming he is the victim of a plot to oust him by disgruntled alumni whose children were not admitted to the school.
– Bangkok Post

Japan, Thai firms in crane JV
TADANO, a Japanese manufacturer of lifting equipment, has set up a joint venture with Italthai Industrial for the distribution of cargo cranes, aiming to cash in on the logistics growth and rising infrastructure investments in Asean, especially in the CLMV countries (Cambodia, Laos, Myanmar and Vietnam).
– The Nation

Strong ties with neighboring countries help boost border trade
The Ministry of Commerce has reported healthy expansion of border trade this year, thanks to close cooperation between Thailand and its neighboring countries.
– NBT World (video)

NBTC: All SIM cards properly registered
All 347,000 mobile phone SIM cards seized from three Chinese men in Sa Kaeo last week were properly registered, mainly by retail vendors, with the highest number of SIM cards per user of almost 3,000.
– Bangkok Post

Experts concerned over NBTC’s plan to control OTTs
Thai regulator NBTC could be on shaky legal ground with its plan to control overseas OTT service providers by requiring them to set up local entities, legal experts have warned.

PM reaffirms universal healthcare scheme to stay
Prime Minister Prayut Chan-ocha on Tuesday reiterated that his government has no intention whatsoever to scrap the universal healthcare programme and urged the media to spread his words around so that the people will understand and will not be confused.
– Thai PBS

DOE to discuss fisheries labor shortage with Myanmar
Members of the fisheries industry have lamented a labor shortage of up to 74,000 people with as many as 4,000 ships docked due to a lack of workers, saying discussions are to be held with Myanmar to attract immigrant laborers.
– NBT World (video)

PAT officials and union demand a probe into conduct of board chairman
Buses taking about 200 officials of Port Authority of Thailand to the Transport Ministry to lodge a complaint with the transport minister were forced to turn back by police on Tuesday.
– Thai PBS

IFC to invest up to $25m in North Haven Thai Private Equity
International Finance Corporation (IFC) proposes an equity investment of $20 million to $25 million in North Haven Thai Private Equity L.P., which will primarily be invested in Thailand.
– Deal Street Asia

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Stronger baht to affect businesses
The Department of International Trade Promotion (DITP) has conducted a seminar to teach business owners to mitigate risks stemming from a stronger Thai baht.

Water supply secured for growing EEC demand
The Royal Irrigation Department (RID) has announced a plan to both expand and build reservoirs in the eastern region of the country to meet demand for water in the industrial and agricultural sectors, especially in parts of the Eastern Economic Corridor (EEC); Panod Srisinsuphya has more.
– NBT World (video)

Thailand’s 2010 crackdowns: truth for justice
On the 7th anniversary of the 2010 government crackdown on the Red Shirts, People’s Information Center for the April-May 2010 Crackdowns (PIC) has released an English-language edition of its original 1,398-page long fact-finding report, available for free download.
– New Mandala


Feature photo Anders Lejczak
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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