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Coup: Minimal economic impact “if no violence’

Legacy Phuket Gazette

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Coup: Minimal economic impact “if no violence’ | The Thaiger
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BANGKOK (The Nation): The business sector anticipates short-term negative impact from the coup d’etat, but expect the longer-term economic direction to be clearer with diminishing divisiveness in society and that should be in favor of local and foreign investors.

Charlotte Dhonavanik, First Senior Executive Vice-President at the Bank of Ayudhya, said that from the Administrative Reform Council’s (ARC) first announcement, things seem to be wrapped up in a quick manner.

“There should be no violence, unlike in previous incidents. Once it’s clear, this should not affect foreign investor confidence,” she said.

A banker, who asked not to be named, wanted the Administrative Reform Council to make clear who was going to run key ministries, especially the economic ones.

“In previous coups, the list of economic ministers were announced. If the reform group could come up with the list, this should restore confidence in the economic sector,” he said.

Dusit Nontanakorn, Secretary General of the Thai Chamber of Commerce, said last night it was too soon to comment on this incident, but the chamber was closely monitoring the situation.

“I still hope other countries would understand what happened here, and that the situation should return to normal in the short term,” he said.

A stock analyst expected retail local investors to unload their shares today on panic selling, but it was unlikely foreign investors who had bought into Thai stocks recently would sell.

“Naturally, a coup is not good for the economic environment. But now it’s clear that the ARC has no intention to be the absolute power controller and it will push for the election. This should calm investors, aside from the fact that with the emergence of the reformist group, the economy is headed towards a clearer path,” the analyst noted.

Somchai Phakapaswiwat, a political science lecturer at Thammasat University, noted the coup would return peace to society after a year of divisiveness.

“We should expect the formation of an interim government, which should be in power for about a year.

“Once the election is held, the economy should be back to normal,” he said.

A lawyer, who asked not to be named, added that the coup would not have a further negative impact on the economy, as the atmosphere has been unfavorable for a year. Foreign investors have already delayed their investment here, thus, this should have no impact, he said.

Kanokwan Wongwatanasin, CEO of ISSP Internet Solution and Service Provider, agreed the coup was unlikely to hurt business sentiment now that the economy was gearing towards a clearer path.

“This is okay as long as there is no violence. The quicker, the better. Certainly, business will move up as usual,” she said.

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Phuket

Woman arrested for abandoning newborn baby on a bench in Phuket

Caitlin Ashworth

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Woman arrested for abandoning newborn baby on a bench in Phuket | The Thaiger
PHOTO: Siangtai/Newshawk Phuket

Police tracked down and arrested a Burmese woman who allegedly left her newborn baby on a bench in Phuket’s Patong area last week. The mother faces charges of abandoning a baby.

The newborn was left in a reusable shopping bag on a bench behind a Krungthai Bank branch. A woman in the area heard the baby crying and found the newborn in the bag along with a bottle of milk, diapers and clothing. Police reviewed surveillance camera footage shows a woman, police later identified as Ei Ei Phyu, leaving the bag on the bench.

Police say the woman gave birth on September 9 at a local hospital in Surat Thani’s Phun Phin district. Ei Ei allegedly took a van from Surat Thani to Phuket on September 22 and stayed with a friend in Patong. The early the next morning, she allegedly left her baby on the bench before boarding a bus back to Surat Thani.

Burmese workers in the Patong area told police Ei Ei used to work at a local Indian food restaurant before she moved to Surat Thani to work as a rubber tapper. Ei Ei allegedly told police she is not in the position to raise a child.

In earlier reports, police said the baby is healthy and does not appear to have any injuries.

SOURCE: Bangkok Post

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Thailand

Phuket police arrest 6 after finding large amounts of methamphetamine in raid

The Thaiger & The Nation

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Phuket police arrest 6 after finding large amounts of methamphetamine in raid | The Thaiger

Phuket Provincial Police have arrested 6 people after finding large amounts of methamphetamine and other drugs during a raid. One suspect alone allegedly had 7.6 kilograms of crystal meth (ya ice) and over 12,500 methamphetamine pills (ya bah). 29 year old Surasak ‘Bank’ Wijit and 27 year old Panida ‘Mei’ Saeyang were arrested at an apartment car park in Soi Lookkaew, Moo 6, Rassada, in eastern Phuket, after they were found in possession of the drugs.

Police also found 2 mobile phones and a red Honda PCX, registered in Phuket, as evidence. Both suspects have been charged with posessing a Category 1 drug with the intent to sell.

Other suspects arrested at the same time include 36 year old from Chiang Rai, 42 year old Sarawut ‘An’ Srichanon, from Ranong and 31 year old Pornthep ‘Iew’ Thepchampa, who were charged with the same crimes in Chalong after police found more drugs in their possession. 33 year old Kamon ‘Kung’ Sae-ngow, was arrested as well after police found kratom juice and leaves at a house in Rassada. He was taken to Phuket City Police station and was charged with a Category 5 drug possession.

SOURCE:The Phuket News

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Thailand

Phuket Muay Thai fighter is the first Thai national to compete in UFC

The Thaiger

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Phuket Muay Thai fighter is the first Thai national to compete in UFC | The Thaiger

The upcoming Ultimate Fighting Championship Fight Night event in Abu Dhabi will feature Thailand’s only national marking her third fight with the UFC, the world’s largest mixed martial arts competition. 24 year old Loma Lookboonme, from Burirram in northeastern Thailand, will fight in the event on October 3, 2020.

Loma is a Muay Thai fighter who has adapted her MMA skills to fight in the UFC where she currently trains at the Tiger Muay Thai gym in Phuket. Loma qualified for the national team at the age of 19 and has fought in over 12 nations worldwide. She currently trains 6 days a week starting daily at 6:30am with a 3 kilometre run. In the UFC, she will be competing against China’s Angela Lee who is the undisputed champion of the 52 kilogram fist weight category.

Phuket Muay Thai fighter is the first Thai national to compete in UFC | News by The Thaiger

Loma’s parents are former Muay Thai fighters and her 2 sisters currently compete as well. She reportedly started training at 8 years old after being inspired by her father, whom she describes as her “hero.”

Like most Thais in such fighting sports, Muay Thai offers a way to rise out of poverty-and fighting for the UFC can be financially lucrative. But Loma says her only Thai sponsor is the gym where she trains, with the rest of her sponsors being from foreign brands. She says she is trying to get more Thai sponsors but feels that maybe she needs to win the UFC first before Thai brands notice her.

Loma lost her last fight and says her new opponent gives her nothing to lose. She says her goal is to get into the Top 10, but is not sure when it will happen. Loma says for now, it would be good to fight against someone in the Top 10 to help her prepare for her future.

FULL INTERVIEW: Thisrupt.co

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