Thailand Morning News For May 11

Thailand Morning News For May 11
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Thailand morning news

BoI eyes Bt1.5 tn in actual investments
THE BOARD OF INVESTMENT (BOI) is conservatively forecasting that the total value of actual investments under its tax-incentive support will reach at least Bt1 trillion during the three years to 2019, but secretary-general Hirunya Suchinai said yesterday that the board was confident of hitting Bt1.5 trillion.
– The Nation

79 listed companies report profit surge in Q1
79 listed companies in the Thai stock markets made combined profits totaling more than 110 billion baht or a 18% increase in the first quarter of 2017, according to a securities firm.

Thailand seeks private sector help to refurbish every airport in the country
The government of Thailand has called for the private sector to invest in the expansion of 28 of the country’s regional airports, and the development of one greenfield site. The aim is to help Thailand compete with Malaysia, Singapore and Vietnam in becoming the principal aviation hub for Southeast Asia.

Number of Online Shoppers in Thailand to Reach Nearly 14 million by 2021
As ecommerce in Thailand is aggressively propelling forward, even companies with a rich traditional heritage such as Somjai, one of Thailand’s oldest and most famous stationery store chains, are going online to grow their sales channels.
– ecommerceIQ

Loan growth to be low as non-bank lenders remain
THE VALUE OF non-bank personal loans is expected to grow by only 3-5 per cent this year, since all non-bank lenders are keen on preserving asset quality with more stringent credit criteria.
– The Nation

EEC contributes to higher sales of industrial spaces
he Industrial Estate Authority of Thailand (I-EA-T) has indicated that the Eastern Economic Corridor (EEC) contributed to the significant growth of industrial space sales during the first six months of the 2017 fiscal year.

Measures to fast-track EEC infrastructure on the table
The government says it will decide by year-end how to shorten the public-private partnership (PPP) process for the construction of infrastructure projects in the Eastern Economic Corridor (EEC).
– Bangkok Post

DIP says 85% of IP violations removed from major retail spaces
The Ministry of Commerce has pointed out that its crackdown on intellectual property (IP) infringements has wiped away over 85 percent of goods at popular retail spaces such as Talad Rong Krua and Maboonkrong Shopping Center.

Trump promotes a ‘pivot in Asia’
It was bound to happen. With one brief trans-Pacific phone call to Thai Prime Minister Prayuth Chan-ocha, U.S. President Donald Trump replaced the playbook that has governed U.S.-Thai
– Nikkei Asian Review

Police launch hunt for bombers
CCTV footage showed four people were involved in the bomb attacks at a Big C Supercentre in Pattani’s Muang district on Tuesday, the Southern Border Provinces Police Operation Center (SBPPOC) says.
– Bangkok Post

Taiwan sees Thai fit with technology drive
TAIWAN has been leveraging its information and computer technology to promote the biomedical industry and the island’s leader sees parallels with Thailand’s push to develop its healthcare industry along with other advanced industry fields.
– The Nation

Ovec opens more aircraft tech centres
The Office of the Vocational Education Commission (Ovec) has expanded its aircraft maintenance training centres from two to six locations to catch up with the growing demand for aircraft maintenance technicians…
– Bangkok Post

PTT subsidiary GPSC plans EV battery plant
GLOBAL POWER Synergy (GPSC), a subsidiary of PTT, plans to set up a factory in Thailand next year to make batteries for electric vehicles, PTT president and chief executive officer Tevin Vongvanich said recently.
– The Nation

Lenovo branching out into IT management services
Lenovo Inc, the world’s largest computer maker, is tapping into professional IT management service as it struggles to offset the decline in overall computer sales.
– Bangkok Post

Ban fraud-linked politicians for life, forum told
Political office-holders who commit financial offences should be banned from politics for life, a seminar was told recently.
– Bangkok Post

It’s an emergency, say nurses on Facebook
The Facebook page “Nurse team Thailand” on Wednesday asked nurses working for the Public Health Ministry to change their Facebook profile picture to a message threatening en masse resignations on Sept 30, after the cabinet rejected 10,992 new permanent positions for nurses.
– Bangkok Post

Dugongs face extinction in Thailand
DUGONGS IN Thailand’s waters face extinction unless their habitat and food sources are protected, according to a recent study.
– The Nation


Feature photo John Le Fevre
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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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