Thailand Morning News For September 22

Thailand Morning News For September 22
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Thailand morning newsThai Aug exports jump 13.2 pct y/y, far above forecast
Thailand’s customs-cleared annual exports rose for a sixth straight month in August, far better than expected and the fastest growth in 55 months, as demand from major markets increased.
— Reuters

Thai activists ordered to pay $16 million for occupying airports
Thirteen activists were ordered to pay a total of $16 million in compensation on Thursday for shutting down Bangkok’s two main international airports during protests in 2008.
— Reuters

Thai investors advised to penetrate CLMV market
The Board of Investment of Thailand (BOI) has encouraged Thai entrepreneurs to consider expanding their market overseas, particularly to the CLMV countries.

Thailand emerges as surprising bond-flow magnet
In a sign of how the flood of money into emerging markets is upending conventional wisdom, military-run Thailand with a credit rating just three levels above junk at Moody’s Investors Service has become a favoured low-yielding destination for bond investors.
— Bangkok Post/ Bloomberg

13 ex-PAD core leaders to compensate AOT 522 million baht for airports’ shutdown
Thirteen former core leaders of the People’s Alliance for Democracy (PAD) will have to collectively pay the Airports of Thailand Public Company 522 million baht in compensation plus 7.5 interest thereon for their liability in closing down the Suvarnabhumi and Don Mueang international airports during their protests in 2008.
— Thai PBS

Army ready for blimp investigations, Prawit says
The army is prepared for any investigations that may be carried out into its controversial 340-million-baht aerial patrol project, Deputy Prime Minister and Defence Minister Prawit Wongsuwon said Thursday.
— Bangkok Post

Thailand travel advisory on the Royal Cremation for the late King Bhumibol Adulyadej
The Royal Thai Government has announced that the Royal Cremation for the late King Bhumibol Adulyadej is scheduled for 25-29 October, 2017. Thursday, 26 October, will be the royal cremation day, and it has been declared a public holiday by the Cabinet to allow the people to take part in paying a final tribute to the late King.
— TAT News

Home loan approvals break target on high economic confidence
Commercial banks have reported better-than-targeted growth in home loans during the first half of the year on the back of steady economic recovering bolstering public confidence.
— NBT World (video)

August foreign tourism generates over 163 bn baht
Thailand reportedly welcomed over three million tourists in August amid growth in global tourism, with Chinese travelers leading other nationalities in arrivals
— NBT World (video)

Trafficking, debt bondage rampant in Thai fishing industry, study finds
More than a third of migrant fishermen in Thailand clearly were victims of trafficking over the past five years and even more workers in the industry were possibly trafficked as well, according to a report published on Thursday.
— Reuters

CCD swoops in temple funds scandal
Counter-corruption police launched raids on 14 locations in seven provinces as the agency expands its probe into allegations of 140-million-baht corruption involving the state grant-in-aid scheme for temples nationwide.
— Bangkok Post

Buddhism office officials allegedly took Bt300m from temple subsidies
SENIOR OFFICIALS at the National Buddhism Office and their accomplices are accused of siphoning off more than Bt300 million from state subsidies for 30 temples in recent years, according to investigations.
— The Nation (annoying popups)

The land distribution for community scheme by General Navin Damrigan, Ph D mpg
— NBT World (video)

GSB launches “Street Food Loans” to upgrade street food vendors
The Government Savings Bank (GSB) is organizing Thailand Street Food By GSB in Soi Ari Samphan, with “Street Food Loans” catered toward hawkers and restaurant owners.

Nok Air eyes thinner fleet in turnabout
Nok Air has deferred the acquisition of eight new Boeing 737 Max 8 jets and will phase out seven existing aircraft as part of a fleet rationalisation.
— Bangkok Post

Government issued welfare cards for low income earners running late
The planned issuance of welfare cards for millions of registered low-income earners is now delayed by nearly a month, compared with the original schedule.
— NBT World (video)

EEC Development Policy Council Secretary General discloses progress on infrastructure development
The Secretary General of the Eastern Economic Corridor (EEC) Development Policy Council discloses the progress on accelerating infrastructure in the ECC, aimed at pushing higher growth rate for Thailand’s economy.

EC proposes lifting of political ban once political party law in effect
The Election Commission has proposed that the current ban on political activities should be lifted once the political party law is promulgated, EC member Somchai Srisuttiyakorn said on Thursday (Sept 21).
— Thai PBS

Fitch Assigns First-Time ‘BB(tha)’ Rating to KTB Securities (Thailand)
Fitch Ratings (Thailand) has assigned KTB Securities (Thailand) Company Limited (KTBST) a National Long-Term Rating of ‘BB(tha)’ with a Stable Outlook.
— Reuters

Fitch Affirms THB Senior Notes of Mizuho Bank and SMBC Bangkok Branch at ‘AAA(tha)’
Fitch Ratings Thailand has today affirmed the National Long-Term Ratings on the Thai baht-denominated senior unsecured notes of Mizuho Bank, Ltd. (MHBK; A-/Stable/F1) and Sumitomo Mitsui Banking Corporation (SMBC; A/Stable/F1), Bangkok Branch at ‘AAA(tha)’.
— Reuters

Fitch Affirms Thai ORIX Leasing’s THB Guaranteed Bonds at ‘AAA(tha)’
Fitch Ratings (Thailand) has today affirmed the National Long-Term Ratings on the Thai baht-denominated guaranteed bonds of Thai ORIX Leasing Company Limited (TOLC) at ‘AAA(tha)’.
— Reuters

Security at Hua Hin to be stepped up for high season
As the high season for tourism at Hua Hin in Prachuap Khiri Khan province has set to begin in October, the provincial police will step up security measures, including use of helicopters for rescue operations along the coastline, Pol Maj Gen Angkul Klaiklueng says.
— Thai PBS

Thailand’s TOA Paint IPO to raise up to $368 mln
TOA Paint Plc (Thailand), the country’s largest paint producer, said on Thursday its initial public offering later this month is expected to raise up to 12.2 billion baht ($368.36 million).
— Reuters

Energy Ministry boasts its success at Astana Expo 2017
The Ministry of Energy celebrated the success of Thailand Pavilion in the Astana Expo 2017 as the number of visitors rose beyond expectation.
— NBT World (video)

Commerce Ministry tightens control on liquor, tobacco prices after tax hike
The Ministry of Commerce is undertaking stringent inspections on liquor and cigarette prices after new excise tax rates came into effect in a bid to protect consumers from unscrupulous vendors.
— NBT World (video)

Thai government takes action against monk over anti-Muslim views
The Thai government said on Thursday it plans to take legal action against a radical Buddhist monk detained by police for posting anti-Islamic views on social media, and posing a threat to national security.
— Reuters

Free bus, train and boat services in Bangkok during Oct 25-27
In order to facilitate the travel of people who wish to attend the Royal Cremation of the late King Bhumibol Adulyadej on Oct 26, Bangkok Metropolitan Administration will provide free public transport on BTS elevated train, BRT bus and boat services during Oct 25-27.
— Thai PBS

Thailand events calendar for end of Buddhist Lent or Ok Phansa
A busy time on the Thailand events calendar, the Ok Phansa festival is celebrated on the full moon of the 11th lunar month or October and marks the end of the Buddhist Lent. It is a time of celebration and merit-making with different events and activities held throughout the country in different provinces.
— TAT News

Asian Construction Week kicks off at IMPACT
The Asian Construction Week 2017, an event featuring a series of exhibitions, conferences and networking events for the building and construction industry, is being organized through September 22.
— NBT World (video)


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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