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NCPO will select National Reform Council members

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NCPO will select National Reform Council members
The Nation / Phuket Gazette

PHUKET: The National Council for Peace and Order yesterday clarified its decision to cancel the appointment of a 14-member committee to select the 250-member National Reform Council.

NCPO spokesman Colonel Winthai Suvari said the committee was disbanded because Article 30 of the interim charter empowered the NCPO to select the members itself.

The NCPO on Thursday appointed the committee that was supposed to select the NRC.

Its members were General Tanasak Patimapragorn, General Surasak Kanjanarat, General Udomdej Sitabutr, Admiral Narong Pipatanasai, ACM Prajin Juntong, General Jiradej Mokkhasmit, General Chatchai Sarikallaya, General Paiboon Koomchaya, General Worapong Sanganet, Admiral Chumnum Ajwong, Admiral Jakchai Poocharoenyos, ACM Sritpong Komutanont, Pol General Watcharapol Prasarnrajkit and General Uthit Sunthorn.

Winthai said that although there were a number of applicants, the NRC selection committees were short-listing them so that the nominees represented diversity in terms of occupation, social sectors and region.

He said the selection committees had to check the background of nominees during the initial stage of the selection process in line with standard procedures.

The final NRC selection committee was not needed because the NCPO had a team of specialists and advisers to help them select the NRC, he said.

Election Commission deputy secretary-general Boonyakiat Rakchartcharoen said the NCPO’s decision would not affect the selection process as the junta had the authority to select the NRC.

He said the selection committees had nominated some candidates, so the EC had forwarded their names to the NCPO. It would submit the rest of the names on Tuesday. Meanwhile, former deputy Senate speaker Anan Ariyachaiphanit has filed a complaint with the Election Commission – calling on it to investigate the National Reform Council selection process.

Anan said the fact that some members of the NRC selection committee in Surin were relatives of NRC applicants might not be fair to him and others NRC candidates.

He demanded that concerned officials check the selection process to ensure good governance in line with Prime Minister Prayuth Chan-ocha’s policy that the process must be transparent without collusion or the fixing of candidates.

Election Commission deputy secretary-general Boonyakiat Rakchartcharoen said the agency would instruct the NRC selection committee in Surin to respond.

— Phuket Gazette Editors

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Transport

Nearly 5,000 Thai Airways staff to deplane in voluntary resignations

The Thaiger

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Nearly 5,000 Thai Airways staff to deplane in voluntary resignations | The Thaiger

Officially, 4,977 staff at Thai Airways have applied for different stages of its Mutual Separation Plan for the survival of the airline. In other words they’ve been politely asked to resign. The airline employs about 20,000 people.

The beleaguered national carrier has endured a decade of substantial losses, endless headlines about systemic corruption, padded senior staff contracts and executive perks. In the midst of the impact from the border closures in April, Thai Airways executives again approached the Thai government for another cash bailout. But this time the Cabinet bristled and forced the airline into a “rehabilitation” program, effectively bankruptcy proceedings.

Acting Thai Airways president Chansin Treenuchagron said the airline offered the MSP to its staff because it had been loss-ridden and the impacts of the coronavirus disease 2019 caused it to undergo rehabilitation.

“Cargo and repatriation flights, food services from its catering department and the sales of Thai Airways souvenirs could not make up for lost revenue from the stalled passenger service.”

The airline management invited early retirement applications from October 19 to 28. During the period, 1,918 employees applied to retire on Dec 1; 2,699 employees wanted to leave with 20% salary payment for six months from November to April and would later apply for early retirement; and 360 employees applied for both choices.

“The applicants contributed to the survival of the airline”.

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Economy

US cuts Thailand’s tariff benefits after long-running pork dispute

The Thaiger

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US cuts Thailand’s tariff benefits after long-running pork dispute | The Thaiger

Thailand’s duty-free privileges for US$817 million in exports with the US are to be revoked from the end of this year, according to US President Trump in an announcement yesterday. The President blamed a lack of progress in opening the Thai market to US pork products. Trump’s letter announcing the action follows more than 2 years of threats and negotiations with Thai officials over issues ranging from access to Thailand’s markets for US goods and the documented inadequate labour rights in the south east Asian nation.

Washington will now eliminate some tariff benefits for Thailand, accusing the country of failing to allow imports of pork from US producers.

US cuts Thailand's tariff benefits after long-running pork dispute | News by The Thaiger

GRAPHIC: Global pork production in 2020, by country (in 1,000 metric tonnes) – statista.com

The suspension of the Generalised System of Preferences access follows a suspension earlier this year on about $1.3 billion worth imports from Thailand, which once had such privileges for about US$4.4 billion in exports to the United States.

The US Trade Representative’s office said the list of products includes mango, pineapple, manicure kits, steel pipes and precious stones., auto parts, dried produce, tools, electrical products and aluminium kitchenware.

Writing to the House Speaker Nancy Pelosi, President Trump said… “I have determined that Thailand has not assured the United States that Thailand will provide equitable and reasonable access to its markets.”

GSP, Generalised System of Preferences, is a 70s-era program of US trade preferences for developing economies aimed at improving workers’ rights and access to broader markets.

“The US Trade Representative’s office also announced that it had closed other GSP eligibility reviews with no loss of benefits for Georgia, Indonesia and Uzbekistan. It also said new GSP reviews were opened for Eritrea based on concerns about workers’ rights.”

SOURCE: Reuters | VOANews | statista.com

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Economy

Dow and S&P 500 take a breath after an ugly week, tech stocks lead the way down

The Thaiger

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Dow and S&P 500 take a breath after an ugly week, tech stocks lead the way down | The Thaiger

US stocks closed lower yesterday to end an ugly week downbeat with ‘uncertainty’ remaining the overwhelming sentiment. Tech stocks led the march downwards. The Dow Jones Industrial Average dropped in its biggest monthly collapse since March with investors reacting to rising Covid-19 cases in the US and Europe, peppered by nervousness ahead of next Tuesday’s US presidential election. The increased volatility forced all three major indexes seeing their biggest weekly declines since the worst of the coronavirus-inspired selloff 8 months ago.

The Dow fell around 157 points, to end near 26,502, according to preliminary figures, while the S&P 500 lost around 40 points, or 1.2%, to finish near 3,270. The Nasdaq Composite gave up around 274 points, or 2.4%, closing near 10,912. The Dow had a 6.5% weekly fall and a 4.6% monthly drop. Friday’s decline saw the Nasdaq negative for the month of October, falling 2.3%. The Nasdaq was down 5.5% for the week.

The Dow dropped more than 500 points at its session low with tech stocks – primarily Apple, Amazon, Alphabet and Facebook – leading the market decline.

A number of stocks were on the move, down, following a slew of earnings, including from the tech giants. Twitter sank more than 20% on slowing growth, while Exxon reported its 3rd straight quarter of losses.

Key moments yesterday…

  • Dow closed down 0.59% for its 5th negative day out of 6
  • S&P 500 closed down 1.21% for its 4th negative day in 5
  • Dow closed down 6.47% this week for its worst week since March 20
  • S&P closed down 5.64% this week for its worst week since March 20 when the S&P lost 14.98%
  • S&P closed down 2.77% this month for its second-straight negative month
  • Nasdaq closed down 5.51% this week for its worst week since March 20 when the Nasdaq lost 12.64%

Dow and S&P 500 take a breath after an ugly week, tech stocks lead the way down | News by The Thaiger

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