Thailand Morning News For October 2

Thailand Morning News For October 2
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Thailand morning newsBoT Act: Banks must help to bail out peers
The Thai central bank has amended section 19 of the Bank of Thailand Act to clearly state that financial institutions must be mutually responsible in shouldering the costs incurred from bailing out financially…
— Bangkok Post

Golden Week brings Phuket boon in Chinese property hunters
The CEO of China’s largest international property website has predicted huge growth in the interest in Phuket property from Chinese buyers in the upcoming “Golden Week”, which this year starting from today (Oct 1) will be eight-days long as the National Day Golden Week coincides with the Mid-Autumn Festival.
— Phuket News

Thailand’s manufacturing PMI rebounds to expansion in September
The Nikkei Thailand Manufacturing Purchasing Managers’ Index, or PMI, rebounded to growth for the first time in three months in September, with both output and new orders growing.
— Nikkei Asian Review

UOBT keeps eyes on target despite growing NPLs
UOB Thai (UOBT) has kept its loan target at 2-3 times the GDP growth rate in spite of increasing non-performing loans (NPLs), says president and chief executive Choon Hin Tan.
— Bangkok Post

Intellectual property protection a ‘key element of Thailand 4.0’
THERE’S A ROLE for intellectual property protection in the Thailand 4.0 vision and initiative, and the national government’s Intellectual Property Department sees a role for itself promoting innovation through offering increased knowledge sharing and more convenient services.
— The Nation

Prawit orders mafia crackdown at tourist spots
Deputy Prime Minister Prawit Wongsuwon has ordered widespread crackdowns on mafia gangs to stop them causing trouble to Thai and foreign tourists across the country.
— Bangkok Post

Krungthai plans to raise Bt15.5 bn by 2018 from issue of debentures
KRUNGTHAI CARD PLC (KTC) plans to issue debentures worth Bt15.5 billion for the rest of this year and into 2018 to replace expiring debt and to invest in developing an information system for a full-scale move to a cashless society.
— The Nation

Agriculture Min vows to stabilize farming sector
The Ministry of Agriculture and Cooperatives has pledged to strengthen the country’s farming sector and empower local producers.

Baidu bullish on marketing service
Baidu, China’s biggest search engine, has chosen Thailand as a base to expand its digital marketing business, citing the rise of Chinese tourism in the country.
— Bangkok Post

Commerce Ministry & Big C look to expand SME sales channels
Five agencies under the Ministry of Commerce have signed a memorandum of understanding with Big C Supercenter Public Company Limited in a new move to expand marketing channels for small and medium enterprises (SMEs).
— NBT World (video)

Welfare cards usable nationwide now
Welfare cards have become usable nationwide now that some five million eligible low-income earners in 70 provinces have already picked up their welfare benefits.

Thailand says closely watching Myanmar crisis, ready to provide aid
Thailand’s foreign ministry, in a rare statement on an ongoing crisis in neighboring Myanmar’s Rakhine state, said late on Saturday that it was “closely following the situation” and would provide aid to the governments of Myanmar and Bangladesh.
— Reuters

British school to open in Bangkok
WELLINGTON College, a long-established British school, will open in Bangkok next year, marking its entry into the Asean region.
— The Nation


Feature photo Sasin Tipchai
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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