Thailand Morning News For September 27

ADB: 2017 Thai economic growth to stand at 3.5%
The Asian Development Bank (ADB) has forecast that the Thai economy will expand by 3.5% this year due to the growing volume of exports. Accelerated public investment will contribute to next year’s expected 3.6% growth rate.
— NNT

Major Thai banks strong, bad loan growth slows – c.bank
Thailand’s major commercial banks remain strong with high capital adequacy ratios, while bad loans are rising at a slower pace, the central bank said on Tuesday.
— Reuters

20-year plan panel meets for first time
The writing of the 20-year national strategic plan kicked off Tuesday with the first meeting of the 34-member committee.
— Bangkok Post

BOT’s ‘too big to fail’ comment on big banks triggers panic
The Bank of Thailand has come under criticism on the social media for publishing the names of the country’s five largest banks in the Royal Gazette.
— The Nation

BoT embraces Basel III rule
The Bank of Thailand has instructed Thailand’s five largest financial institutions to beef up their capital reserves in order to comply with international standards on reserve requirements.
— Bangkok Post

Minister firm on tax waiver
FINANCE MINISTER Apisak Tantivorawong has insisted on waiving withholding tax levied on interest-based income in an excess of Bt20,000 on concerns over the possible impact on depositors, according to Revenue Department director-general Prasong Poontaneat.
— The Nation

Tak to facilitate investment in Special Economic Zone
The Governor of Tak province has revealed that its special economic zone is ready for investment, with contract auctions expected to commence within the year.
— NBT World (video)

EEC to test effectiveness of new PPP law, says ADB
THE ASIAN Development Bank has urged Asian governments to |tap into private funds to finance huge infrastructure projects in |their countries, adding that the effectiveness of the new public-private partnership (PPP) law in Thailand hinges on how it is implemented.
— The Nation

Defense Ministry urges stepped-up security in Far South
The Ministry of Defense has urged all related officials in the southern border region to step up security measures there.
— NBT World (video)

Thailand reinstates chief of national Buddhism office
Thailand has reinstated as the head of a state body charged with administering the Buddhist religion an official who was sacked last month, the prime minister said on Tuesday.
— Reuters

KBank, BlackRock join forces for fund
Kasikornbank (KBank) has partnered with BlackRock, the world’s largest investment management company, to offer its high net worth customers a feeder fund that uses big data analytics and machine learning.
— Bangkok Post

Fisherfolk store could restore life to Thai fishery
The Thai Fishing Industry has faced numerous problems over many years. These problems have forced many operators in the fishing industry to struggle making a living. One of the difficulties concerns middlemen meddling with their business. For more on this, we join Kwankamol Prurapark.
— NBT World (video)

Shanghai grapes exported to Thailand for the first time
The office for inspection and quarantine which regulates the entry and exit across the border in Shanghai revealed on September 22nd that a new item will be added to the high quality export products which are produced in Shanghai.
— Fresh Plaza

Another parasail accident at Patong Beach injures Chilean tourist
A Chilean man in his late 20s was lucky to escape more serious injuries after his parasail finished up in trees after dragging the man along the ground and into several parked motorbikes.
— Phuket Gazette

Girls urged to get free contraception
Director of the Bureau of Reproductive Health Kittipong Saejeng has urged young girls to get free contraceptive implants at government hospitals across the country to avoid unwanted pregnancies.
— Bangkok Post

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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.

Thailand Morning News For September 27 added by John Le Fevre on September 27, 2017
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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.