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Thai Airways has officially lost its state enterprise status

Anukul

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Thai Airways has officially lost its state enterprise status | The Thaiger
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The State Enterprise Policy Committee announced that Thai Airways has lost its state enterprise status after the Vayupak Fund bought a 3.17% stake from the Finance Ministry yesterday.

The purchase was undertaken at a price of 4.90 baht per share, with a trade worth 285.2 million baht, leaving the national carrier owning 48% of its own shares and stripping its state enterprise status.

Bangkok Post reports that Thai Airways has an outstanding debt of 200 billion baht, 30% of which is domestically owned.

Meanwhile, a ‘superboard’ will be assembled by the Finance and Transport ministries to monitor the rehabilitation plan for the airline with Deputy Prime Minister Wissanu Krea-ngam acting as chairman and overseeing legal affairs.

The two ministries say the superboard itself will not implement the plan but will only “examine and inspect” the work and report its progress to the PM.

As the first steps of the rehabilitation plans begin, the superboard must send a selection of applications for court approval to act as future recovery managers. Although it’s not yet official, the following officials have been recommended by the Transport Ministry.

  • Deputy Transport Minister Thaworn Senneam, who supervises Thai Airways,
  • Chaiwat Tongkamkoon, permanent secretary for transport,
  • Chayathan Promsorn, chief of the Office of Transport and Traffic Policy and Planning,
  • Pirapan Salirathavibhaga, a former justice minister.

Other members will be nominated by the Finance Ministry after the Cabinet officially allows it to play a role on the superboard.

Finance Minister Uttama Savanayana says he’s extremely concerned with the ongoing trade of Thai Airways shares on the stock market, as the price has skyrocketed.

“I’ve asked the Stock Exchange of Thailand to look into the issue to find out whether it’s normal.”

Thai Airways has officially lost its state enterprise status | News by The Thaiger

According to SET data as of April 1, the 5 major shareholders of Thai Airways are as follows…

  • Ministry of Finance, holding 1,113,931,061 shares or 51.03%.
  • Vayupak Fund 1 under MFC Asset Management, holding 165,037,582 shares or 7.56%.
  • Vayupak Fund 1 under Krungthai Asset Management, holding 165,037,582 shares or 7.56%.
  • Thai NVDR Company Limited, holding 71,645,528 shares or 3.28%.
  • Government Savings Bank, holding 46,409,885 shares or 2.13%

SOURCE: Nation Thailand | Bangkok Post

 

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My name is Anukul, I a writer for the Thaiger, I specialise in translation articles and social media, and assisting with our video production. I previously worked at Phuket Gazette and attended BIS international school in Phuket.

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Coronavirus (Covid-19)

Mayor’s statement sparks hope Chonburi beaches may reopen soon

Maya Taylor

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Mayor’s statement sparks hope Chonburi beaches may reopen soon | The Thaiger
PHOTO: Bang Saen beach, Chonburi - Wikimedia

A Facebook post from the mayor of Saen Suk, home to the renowned Bangsaen beach, says beaches “may” reopen from June 1. (Before you ask, there is currently no official information on when Bangsaen, Pattaya or Phuket’s beaches may actually reopen.)

Beaches in the eastern province of Chonburi were closed nearly two months ago as authorities enacted strict lockdown measures to control the spread of the Covid-19 virus. Chonburi has now had no new reported cases of the virus for more than 30 days and residents are getting antsy over the ongoing beach closures.

Authorities continue to state that the closures are to prevent unlawful gatherings and the risk of people travelling from nearby provinces, such as Bangkok, thereby causing a second wave of infections. Bangkok has the highest number of Covid-19 cases in the country. Despite this, local expats and Thais are demanding that Chonburi’s beaches be reopened, particularly in light of this happening in other resort areas such as Hua Hin.

The Pattaya News reports that Bangsaen beach reopening does not necessarily mean Pattaya’s beaches could also reopen as that decision lies with Pattaya’s civic officials. Despite Pattaya not having any new reported cases of the virus for over 40 days now, Pattaya City Hall authorities remain concerned about mass gatherings, the consumption of alcohol and the risk that social distancing measures would not be adhered to were they to reopen the city’s beaches.

SOURCE: The Pattaya News

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Phuket

Bangkok mother, daughter swindled out of 1.8 million baht, suspect arrested

Jack Burton

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Bangkok mother, daughter swindled out of 1.8 million baht, suspect arrested | The Thaiger
PHOTO: VateekhaoWeekly

Authorities in the southern province of Phuket have arrested a man wanted in Bangkok for swindling a woman and her mother out of nearly 2 million baht. Police in the island’s party town of Patong report that officers received a request from police in Bangkok to arrest 23 year old Narathip Sukprasert, originally from Lop Buri province, about 150 kilometres to Bangkok’s northeast.

Narathip was wanted for fraud on an arrest warrant issued back on January 6. Patong Police managed to track him down, and together with officers from Bangkok, arrested him on Monday. Authorities say he used the names “Nook Tha Prachan” or “Wayu Tha Prachan” and dealt in Buddha amulets.

“He deceived his female victim by pretending to be romantically attracted to her. When the woman said she wanted things, he would buy them and pay by using his credit card. He later told the woman that he had problems with his credit card because he had spent too much, so his victim gave him cash to pay for his alleged credit card bill,” according to the report in Phuket News.

The woman transferred money to Narathip’s account many times, totalling nearly 250,000 baht. After swindling money out of the woman, Narathip deceived her mother as well, claiming that she too would be held legally responsible for the debt and that the bank would sue her.

“The victim’s mother believed this, and gave him money several times. Altogether he deceived the women out of more than 1.8 million baht.”

Narathip was taken to Bang Na Police Station in Bangkok.

SOURCE: Phuket News

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Crime

Thai Doctor faces charges in “wombs-for-hire” scandal

Jack Burton

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Thai Doctor faces charges in “wombs-for-hire” scandal | The Thaiger
PHOTO: Chiang Rai Times

A Thai doctor faces charges of human trafficking and involvement in a Chinese-funded cross-border surrogacy service, using Thai women to carry babies for Chinese couples. Police say that the doctor, whose name is being withheld, previously worked at a state hospital in the Victory Monument area of Bangkok and allegedly provided “assisted-reproductive services” to surrogate Thai mothers, usually at clinics in Laos. The surrogate mothers then returned to Thailand until their third trimester, when they were sent to China to deliver the children.

Due to the Covid-19 pandemic and the closure of all borders, the surrogate mothers are now reportedly having to give birth in Thailand, instead of in China.

4 other doctors at state hospitals will also be invited to provide information to anti-human trafficking police about the racket. A woman, suspected of being a broker who allegedly handles financial transactions for the racket, was arrested in Bangkok on Monday. She was later released on 200,000 baht bail.

In February, police raided a house in Bangkok’s Lat Phrao area and found seven Thai women, all of them pregnant, and a 20 day old baby under the care of a woman, who claimed to have been paid 14,000 baht to look after the babies in the house.

SOURCE: Thai PBS World

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