Connect with us

Thailand

Phuket Gazette Thailand News: BoT Gov slams Govt policies; Thaksin b’day party near Bangkok; Lottery surge; PM placates Isarn; Nenkham’s B300mn

Legacy Phuket Gazette

Published

 on

Phuket Gazette Thailand News: BoT Gov slams Govt policies; Thaksin b’day party near Bangkok; Lottery surge; PM placates Isarn; Nenkham’s B300mn | The Thaiger

PHUKET MEDIA WATCH
– Thailand news compiled by Gazette editors for Phuket’s international community

BoT Gov slams Govt policies as unsustainable
The Nation / Phuket Gazette
PHUKET: Bank of Thailand Governor Prasarn Trairatvorakul has slammed government policies as geared towards short-term consumption, saying they have shortcomings and cannot sustain economic competitiveness in the long term.

In a speech to Asean ambassadors and high-ranking officials at the Foreign Ministry yesterday, he said policy-makers needed to be goal-oriented, consistent, proactive and to coordinate with one another, because the country is bracing for greater challenges in light of rapid changes in the global economy.

Meanwhile, academics at a Thai Publica seminar, “Brainstorm on Fiscal Cliff, Thai Government Debts”, also attacked the government yesterday for policies not designed to boost long-term national competitiveness, saying they could create a Thai version of the “fiscal cliff”. Global challenges – particularly the slowdown of the Chinese economy – were a warning that Thailand, at the national and individual levels, must be more cautious in spending. In the first quarter, Thai household debts reached 77 per cent of gross domestic product (GDP), mainly due to stimulus measures launched in recent years.

Prasarn urged the government to pay more attention to national development plans, which cover all areas of society and the economy, and require action.

“Any subsequent policies must be drawn in line with national goals. The goals and national development plans should not be left idle on the shelf,” he said.

Aside from setting goals, policy-makers should not shift focus. Singapore and Malaysia had advanced quickly because of policy consistency, he said.

Policy-makers should also be alert to global challenges and be willing to coordinate, as no single party can achieve success.

“If Thailand is a ship navigating in the sea, the ship has travelled a long distance. Yet, it will have to sail further and the destination is not within sight. Our journey has suffered from monsoons and we have been side-tracked and unknowingly got involved too much with ad-hoc problems, which cost us time and money. Yet, if we regain our senses, set sail at full speed and lead the ship towards our goal, we won’t be vulnerable to monsoons and reach the goal in a fast and sustainable way,” he said.

At the Thai Publica seminar, Sethaput Suthiwart-Narueput, chief of the Thailand Future Foundation, said future budget allocation must answer national strategies and be in line with expected returns and cost-benefit analysis. All projects with costs that cannot be defined, like the rice-pledging scheme, must be scrapped, Sethaput said.

A foundation study found that in 2009-10, government annual expenditure rose 9.2 per cent on average – above average growth of 7.2 per cent. Funds were allocated on a ministerial basis, rather than according to national strategies. In these years, little money was put to scientific and technological innovation or energy to boost competitiveness.

Generally, the allocation pattern did not support the evaluation of economic returns, particularly the evaluation of central budgets, he said. At some ministries like Education, which saw its budget double in 10 years, the level of Thai scientific knowledge, according to PISA rankings, in 2009 was lower than in 2010. And logistical competitiveness fell from 31st in 2007 to 38th in 2012, although budgets for the Transport Ministry increased every year.

PM touts benefits of plans for Isarn voters
The Nation / Phuket Gazette
PHUKET: After her two-day visit to the northeastern provinces of Buri Ram and Maha Sarakham, Prime Minister Yingluck Shinawatra yesterday said the government was working to create sustainable incomes, lessen social disparity, promote the eco-friendly growth of local communities and prepare for the development of transportation and water-management infrastructure.

Part of the Bt350-billion budget for the water projects would be earmarked to tackle specific problems in the provinces, she said, adding that dual-track trains and road construction in the provinces would be part of the Bt2-trillion infrastructure project.

Investment in the projects will lead to employment for local people, the premier said. The provinces’ economies must grow along with the national economy, she said.

Government Spokesman Teerat Ratanasevi said residents of Maha Sarakham and Buri Ram had less access to tap water than people in the rest of the country.

Meanwhile, studies would be conducted to implement agricultural zoning in the provinces. Organic jasmine rice, silk and tourism had potential and should be promoted, he said.

After a meeting with students from Maha Sarakham University and Maha Sarakham Rajabhat University, Yingluck said she wanted the universities and technical colleges in the province to serve as education hubs that produce graduates for the Northeast. Moreover, the universities had skills that could be harnessed by the Agriculture Ministry for use in its research on rice breeds, in order to ensure that more rice products from the province meet GMP (good manufacturing practice) standards, she said.

The premier said the National Economic and Social Development Board would use the knowledge and information gathered from her visit on Sunday and yesterday to develop strategic plans for other provinces in the future.

Pheu Thai to mark Thaksin’s birthday
The Nation / Phuket Gazette
PHUKET: Singthong Buachum, a Pheu Thai Party member, said he will hold celebrations at Wat Kaew Fah in Nonthaburi to mark ex-PM Thaksin Shinawatra’s 64th birthday on July 26. Thaksin is expected to phone in at the event.

Similar celebrations will also be held in other parts of the country. Singthong said he would also try to get members of Thaksin’s family to join the event in Nonthaburi.

Lottery Office urged to probe ticket vendor surge
The Nation / Phuket Gazette
PHUKET: The Commerce Ministry will ask for cooperation from the Government Lottery Office to investigate the new lotto business as the number of sellers has been skyrocketing.

“This could lead to unfair trade practices,” Deputy Commerce Minister Natthawut Saikua said yesterday.

Lottery trading has been increasing every month. The ministry needs to look into the reason as many small operators are in the industry, he said.

According to the Business Development Department, new lotto vendor registrations reached 1,521 in May. However, only 267 of those have clear addresses, while the rest have shared shareholders. Some addresses are shared by more than 20-40 lotto traders.

Last month, 818 new lotto sellers signed up, of which 97 have clear address and the others duplicated addresses.

The department also reported that 1,170 companies went out of business last month, a jump of 41 per cent from May and a rise of 12 per cent from June last year.

Of the closed-down business, 34 were exporters. There were fewer export businesses failing because the baht lost some of its strength.

Last month, new business regi

— Phuket Gazette Editors

Keep in contact with The Thaiger by following our Facebook page.

Business

Singha grabs a 90% stake in Thailand’s Santa Fe restaurant chain

May Taylor

Published

on

Singha grabs a 90% stake in Thailand’s Santa Fe restaurant chain | The Thaiger

(…or is that a 90% ‘steak’?)

PHOTOS: Wongnai

DealStreetAsia, an investor news site reporting on Asian business, confirms that Singha Corporation has purchased a majority stake in the Thai restaurant chain, Santa Fe. It’s understood that Singha purchased the shares held by Lakeshore Capital for approximately US$50 million or 1.53 billion baht, giving it a 90% stake in the chain seen in most Thai shopping centres.

The Nation reports that Singha will now oversee over 110 restaurants across Thailand in one of the country’s biggest food industry deals of the year. The company first turned its attention to the food industry two years ago, launching Food Factors Company under the Boon Rawd Brewery group.

WongnaiFood Factors aims to make 5 billion baht over 3 years under the stewardship of Piti Bhirombhakdi. The company has an ambitious long-term target of 10 billion baht a year, along with plans to be listed on the stock exchange.

The Santa Fe chain was established in 2003 by Surachai Charn-Anudet’s KT Restaurant Company, with the aim of becoming a major competitor to Sizzler, the American chain brought to Thailand by Minor Food.

SOURCE: The Nation

Singha grabs a 90% stake in Thailand's Santa Fe restaurant chain | News by The Thaiger

Keep in contact with The Thaiger by following our Facebook page.
Continue Reading

Economy

TAT says ‘all go’ for tourism discount campaign

Greeley Pulitzer

Published

on

TAT says ‘all go’ for tourism discount campaign | The Thaiger

PHOTO: Thailand Shopping and Dining Paradise

The Tourism Authority of Thailand’s governor says that the TAT will introduce two domestic tourism promotional measures – a 100 baht nationwide tourism campaign, and “shocking-price weekday” discounts.

The 100 baht campaign will offer some 40,000 products and services at only 100 baht each. Registration is required and will be open on November 11-12 and December 11-12, 2019, for up to 10,000 people each day on the the TAT website, starting at midnight each day.

The weekday discount campaign, valid Mondays to Thursdays will run from November 1 until December 3, offering up to 70% discounts on selected tourism products. The TAT will open an online store offering the same discounts. Eligible purchases made with the government’s wallet app will also receive a 15% VAT rebate.

The TAT says they are now ensuring the readiness of the system to accommodate registrations, after issues found during the previous ‘Chim Shop Chai’ campaign for Thais in a recent successful economic stimulus package from the government. In that campaign the government handed out 1000 baht gift to Thais with the stipulation it had to be spent in another province. 12 million Thais registered for the program.

The governor says he is confident these measures will provide an ongoing economic boost following the success of the Chim Shop Chai campaign, spiking revenue 10-20% during the campaign.

SOURCE: National News Bureau of Thailand

Keep in contact with The Thaiger by following our Facebook page.
Continue Reading

Road deaths

Thailand road toll: 554 dead this month, 11,462 this year

The Thaiger

Published

on

Thailand road toll: 554 dead this month, 11,462 this year | The Thaiger

PHOTO: U-Turn crash in Bangkok – Daily News

Daily news reports fatalities at the scene of accidents yesterday claimed the lives of 21 people. Yesterday was a busy day on Thailand’s roads at the end of a long weekend.

They say the numbers reported are only those that die at the scene. In reality, when hospital deaths and all regions report their stats, the figures end up much higher.

So far this October 554 have died at the scene of accidents resulting in a yearly total nationwide of 11,462. Thailand is recognised by the World Health Organisation as the fifth highest road toll in the world, per capita.

Figures are reported daily by Daily News who highlight the need to be vigilant at U-turns in their story about this air-conditioned bus (above)on Route 29 that collided with the back of a container truck.

Seven passengers on the bus were injured in the accident on Pahonyothin Road near the Kesri 5 housing estate in Klong 1, Klong Luang district north of Bangkok. The truck driver was trying to execute a U-turn at the time.

SOURCE: Daily News | ThaiVisa

Keep in contact with The Thaiger by following our Facebook page.
Continue Reading

The Thaiger Newsletter

Keep up with all the day’s news. Subscribe here.

The latest news and information from Thailand.

* indicates required
ตรวจหวย16ตุลาคม2562 ผลรางวัลที่ 1 สลากกินแบ่งรัฐบาล 16 ตุลาคม | The Thaiger
ตรวจหวย43 mins ago

ตรวจหวย16ตุลาคม2562 ผลรางวัลที่ 1 สลากกินแบ่งรัฐบาล 16 ตุลาคม

หนุ่มแท็กซี่ฉาว ท้าต่อยเจ้าของธุรกิจเต๊นท์ กลางงานสนามหลวง | The Thaiger
ข่าว23 hours ago

หนุ่มแท็กซี่ฉาว ท้าต่อยเจ้าของธุรกิจเต๊นท์ กลางงานสนามหลวง

ไทยแชมป์วอลเลย์บอลอาเซียนกรังด์ปรีซ์สนาม 2 รางวัลรายบุคคล | The Thaiger
วอลเลย์บอล1 week ago

ไทยแชมป์วอลเลย์บอลอาเซียนกรังด์ปรีซ์สนาม 2 รางวัลรายบุคคล

ตรวจหวย1ตุลาคม2562 ผลรางวัลที่ 1 เลขท้าย 2 ตัว 3 ตัว เลขหน้า 3 ตัว และรางวัลอื่น ๆ | The Thaiger
ตรวจหวย2 weeks ago

ตรวจหวย1ตุลาคม2562 ผลรางวัลที่ 1 เลขท้าย 2 ตัว 3 ตัว เลขหน้า 3 ตัว และรางวัลอื่น ๆ

ถ่ายทอดสดหวย 1 ตุลาคม 2562 ลุ้นรางวัลที่ 1 สลากกินแบ่งรัฐบาล | The Thaiger
ตรวจหวย2 weeks ago

ถ่ายทอดสดหวย 1 ตุลาคม 2562 ลุ้นรางวัลที่ 1 สลากกินแบ่งรัฐบาล

สีจิ้นผิงกล่าวสุนทรพจน์ ครบรอบ 70 ปีก่อตั้งสาธารณรัฐประชาชนจีน -ลิงก์ถ่ายทอดสด | The Thaiger
ต่างประเทศ2 weeks ago

สีจิ้นผิงกล่าวสุนทรพจน์ ครบรอบ 70 ปีก่อตั้งสาธารณรัฐประชาชนจีน -ลิงก์ถ่ายทอดสด

คลิปไฮไลท์วอลเลย์บอลเวิลด์คัพ 2019 นัดที่ 5 | The Thaiger
วอลเลย์บอล4 weeks ago

คลิปไฮไลท์วอลเลย์บอลเวิลด์คัพ 2019 นัดที่ 5

คลิปไฮไลท์ วอลเลย์บอลเวิลด์คัพ 2019 นัดที่ 1 | The Thaiger
วอลเลย์บอล1 month ago

คลิปไฮไลท์ วอลเลย์บอลเวิลด์คัพ 2019 นัดที่ 1

Paramount เตรียมรีเมค FACE/OFF หนังบู๊ระดับตำนาน | The Thaiger
หนัง1 month ago

Paramount เตรียมรีเมค FACE/OFF หนังบู๊ระดับตำนาน

ประยุทธ์ โต้ รัฐบาลไหนก็มีตำหนิทั้งนั้น “ถึงเวลาก็อ้างอย่างที่ผมอ้าง” | The Thaiger
ข่าวการเมือง1 month ago

ประยุทธ์ โต้ รัฐบาลไหนก็มีตำหนิทั้งนั้น “ถึงเวลาก็อ้างอย่างที่ผมอ้าง”

อารัมภบท รักฉุดใจนายฉุกเฉิน My ambulance ตอนแรก 6 กันยานี้ | The Thaiger
บันเทิง1 month ago

อารัมภบท รักฉุดใจนายฉุกเฉิน My ambulance ตอนแรก 6 กันยานี้

วอลเลย์บอลหญิงชิงแชมป์ยุโรป 2019 โฉมหน้า 4 ทีมตัดเชือกรอบรอง | The Thaiger
วอลเลย์บอล1 month ago

วอลเลย์บอลหญิงชิงแชมป์ยุโรป 2019 โฉมหน้า 4 ทีมตัดเชือกรอบรอง

บิ๊กไบก์หัวร้อน ตบหัวลุงพิการผัวะ ‘รถกูเป็นอะไร มีปัญญารับผิดชอบไหม’ | The Thaiger
ข่าวไทย1 month ago

บิ๊กไบก์หัวร้อน ตบหัวลุงพิการผัวะ ‘รถกูเป็นอะไร มีปัญญารับผิดชอบไหม’

“มิน พีชญา”ทุ่มสุดตัว นัวผู้ชายเกือบสิบ ป่วยโรคติดเซ็กซ์ ใน”สองนรี” | The Thaiger
บันเทิง1 month ago

“มิน พีชญา”ทุ่มสุดตัว นัวผู้ชายเกือบสิบ ป่วยโรคติดเซ็กซ์ ใน”สองนรี”

ไฮไลท์ผู้เล่นตัวท้อป 8 ทีมสุดท้าย วอลเลย์บอลชิงแชมป์ยุโรป 2019 | The Thaiger
วอลเลย์บอล1 month ago

ไฮไลท์ผู้เล่นตัวท้อป 8 ทีมสุดท้าย วอลเลย์บอลชิงแชมป์ยุโรป 2019

Trending