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Minister raises ethical concerns of private schools listing on the SET

The Thaiger & The Nation

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Minister raises ethical concerns of private schools listing on the SET | The Thaiger

PHOTO: Singapore International School of Bangkok

Trading in the shares of SISB Company Limited, the manager of the Singapore International School, begins today in the SET’s (Stock Exchange of Thailand) Market for Alternative Investment.

The Education Minister Teerakiat Jareonsettasin says that although the move does not violate the Private School Act 2007, there was a question of ethics.

The Minister has assigned a legal team to look up laws and regulations in a bid to stop SISB from becoming the first education business to list on the Stock Exchange of Thailand (SET), believing it will set an unethical milestone.

The minister said in his personal view an educational institute gets a tax waiver so its move to raise funds to obtain more profits without paying tax raises the question of ethics.

“The act of entering the SET is obviously to seek more profits. If this is what’s happening, should the Finance Ministry start to collect tax? This can have a widespread impact and the related law must be reviewed.

“Even if the move is legal, it still might be unethical and against the ideology of the country’s educational management,” he said.

Teerakiat said he had discussed this with the International Schools Association of Thailand, seeking its help to find a solution. He said he would consult the Securities and Exchange Commission (SEC) for clarity and, if such move were seen as a way to make profit from the education business, he would discuss with the Finance Ministry about levying tax.

Teerakiat admitted that his attempt to stop SISB from listing on the SET might not yield immediate result, but he would do his utmost to block such a move or others may also follow suit.

The Office of the Private Education Commission (OPEC) secretary-general, Chalam Attham, meanwhile, said his office would ask the SEC to review its decision to list SISB on the SET. He said Article 22 of the Private Schools Act 2007 had set two conditions for companies running schools in regard to the number of shares and the stockholders.

He said the OPEC is willing to offer the information for the SEC’s consideration.

SEC secretary-general Rapee Sucharitakul earlier yesterday affirmed that it was not illegal for SISB to register with SET, as the OPEC, which is in charge of private schools, had told his agency before it approved SISB’s listing that there was no regulation to prohibit the move.

Rapee said all businesses – including the private school business – required investments for improvement hence they have to raise funds in some way. Listing on the SET to raise funds from the public was a method with low cost, he said.

“Whether the school will then charge high tuition fees will be a question that the supervising agency will have to deal with,” Rapee added.

The campuses, adopting Singaporean and British curricula, currently have 2,274 students in total.

Minister raises ethical concerns of private schools listing on the SET | News by The Thaiger

SOURCE: The Nation



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Plastic surgery furore and first transgender contestant at Miss Universe in Bangkok

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Plastic surgery furore and first transgender contestant at Miss Universe in Bangkok | The Thaiger

PHOTO: Spain’s Angela Ponce becomes first trans woman to compete for Miss Universe

After the beauty dust has settled and the glitter is wiped away, it seems all is not well with the latest Miss Universe Pageant. Taking place in Bangkok recently, new revelations have surfaced surrounding one of its entrants and, notably, her plastic surgeon. 

Aesthetic and rhinoplasty surgeon, Froilan Paez, took to social media in order to post pre and post-op images of one of his clients. Displaying the fruits of his labor, former Miss Venezuela 2017 Stefany Gutierrez’s transformation was uploaded to Mr. Paez’s Instagram account. 

What looks like part of a ‘thank you’ posting, Mr. Paez tagged Venezuela’s most beautiful woman declaring her “a true diamond that knew whom to trust to get its best shine.” However, it appears that the beauty queen is not the first model to crop up in his particular feed. 

Delving a little deeper shows a host of ‘nose job’ patients who have gone under the knife, including those from previous beauty contests. Utilising various hashtags, it does seem that Miss Venezuela 2017 did undergo rhinoplasty before taking to the stage. 

Plastic surgery furore and first transgender contestant at Miss Universe in Bangkok | News by The Thaiger

Meanwhile, the event in Bangkok last December also saw the first transgender contestant take part. Miss Spain, Angela Ponce, who underwent gender re-assignment surgery has set pulses racing for different reasons. 

“Trans women have been persecuted and erased for so long. I’m showing that trans women can be whatever they want. I am proud to have the opportunity to use this platform for a message of inclusion, tolerance and respect for the LGBT+ community.” she said

Since 2012, The Miss Universe Organisation has lifted its ban on entry for transgender contestants which has raised awareness on the subject. With Catriona Gray from the Philippines taking victory, the Thai capital saw the Miss Universe contest beamed to nearly 200 countries across the world. The TV audience is just as great and usually attracts half a billion viewers every year.

Speaking to Thomson Reuters Foundation, Ponce explained that trans children often have to deal with mental health issues such as depression.

“I was born into a world, into a society which really wasn’t prepared for me. So many children face discrimination for being different. It is important to tell them they have a right to be who they are, who they want to be,” she added.

In fact, gender reassignment in Thailand has gathered pace as Darren Lyons of MyMediTravel explains;

“Thailand has long been considered at the forefront when it comes to transgender surgery. Gender-affirming surgery is firmly on the map with as many as three patients travelling to Thailand daily for this procedure.”

“This is coupled with a growing supply of highly trained surgeons utilising years of experience to provide low-cost medical care to overseas patients. What better way to relax and recuperate post-treatment than at a nearby resort moments from one of Thailand’s pristine shorelines.”

All of this comes against a large shift in Thai law as the country readies itself to pass a bill allowing same-sex unions. Consequently, they will become the first country across Asia to pass this specific law.

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BKK road racing crackdown: 78 arrested with illegally modified motorcycles

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BKK road racing crackdown: 78 arrested with illegally modified motorcycles | The Thaiger

“…those under 18 will be sent for an attitude adjustment in a military camp for seven days.”

Samut Prakan police have arrested 78 motorcyclists and seized 85 motorcycles allegedly modified for road racing.

Police staffed the checkpoints on major roads in Samut Prakan last night and into early this morning making the arrests.

Samut Prakan police chief Pol Maj Gen Nithithorn Jintakanon said 25 of the 78 arrested motorcyclists are under 18 and two of the 78 tested positive to drug abuses.

The alleged drug abusers will be sent for mandatory rehabilitation while those under 18 will be sent for an attitude adjustment in a military camp for seven days while the rest were fined, Nithithorn added.

Police also checked 26 motorcycle spare parts shops and found that one shop sold exhaust pipes that were illegally modified to make noises louder than allowed by the law. 21 illegally modified exhaust pipes were seized from the shop.

Police also found 18 big-bike motorcycles making noises louder than allowed by the law so they were prohibited from use for 30 days.

SOURCE: The Nation

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Scrapped: Back to the drawing board for Suvarnabhumi Terminal 2 design

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Scrapped: Back to the drawing board for Suvarnabhumi Terminal 2 design | The Thaiger

It’s back to the drawing board for the AoT and the new Terminal 2 project at Suvarnabhumi Airport. The contract to design the much needed second terminal has been the subject of a lot of bitter criticism in the Thai architectural community.

The board of Airports of Thailand Public Company, the operator of Suvarnabhumi international and five other major airports in Thailand, has scrapped the Suvarnabhumi Airport Terminal 2 project design. With a proposed budget of 329 million baht, the scrapped design contract was originally awarded to the DBALP Consortium, or the Duangrit Bunnag Group.

The AoT board cited the need to overhaul the project’s design to meet the requirements of Terminal 2’s users in rejecting the group’s controversial design, which was approved by the AOT management in August 2018.

Recently, 12 professional organisations, including the Association of Siamese Architects, the Consulting Engineers Association of Thailand, the Thai Contractors Association and the Anti-Corruption Organization of Thailand, voiced strong objections to the AOT’s plan to expand Terminal 2 at an estimated overall cost of 40 billion baht, claiming the project was wasteful and citing the high speed train project linking Suvarnabhumi and Don Muang airports in Bangkok and U-tapao airport in Rayong, which combined, can accommodate between 100 and 120 million passengers a year.

Meanwhile, the issue of renting out space at Suvarnabhumi and other major airports for duty-free, retail and other commercial services, it was reported that the AOT board has split the business operations into three major contracts in the next concession auction – one contract for duty-free businesses, another for retailing and other commercial services and the third for duty-free pickup counter services.

King Power International Group is currently the concessionaire for the duty-free business at Suvarnabhumi and other major airports, but its concession expires next year and a new auction will be held at the end of this year to select new operators.

Several Thai and foreign companies have shown interest to joining the bidding for concessions worth several billions of baht each year.

Scrapped: Back to the drawing board for Suvarnabhumi Terminal 2 design | News by The Thaiger

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