June 10, 2020 Thai Enquirer Summary · 1 day ago  · quota system for the coalition parties. ......

19
June 10, 2020 Thai Enquirer Summary Political News Prime Minister Prayut Chan-o-cha has dismissed speculation about a looming cabinet reshuffle, saying that he has not thought about it and asked the media to stop reporting on the issue which he likened to a soap opera. He insisted that changing cabinet ministers is his exclusive decision. “I know when and how, but not at this moment,” he said, adding that he has many other things to do. “Do not ask me when I will change the Cabinet. I will tell you myself when there is to be a reshuffle. Or I may not tell you, as I may go ahead and do it myself, because it is at the sole decision of the Prime Minister,” he said, adding that there is already a quota system for the coalition parties. When asked about the prospect that Deputy Prime Minister Prawit Wongsuwan may become the new leader of the Phalang Pracharat Party (PPRP), Gen Prayut retorted: “Why not? If he accepts the position, it is his own business”.

Transcript of June 10, 2020 Thai Enquirer Summary · 1 day ago  · quota system for the coalition parties. ......

Page 1: June 10, 2020 Thai Enquirer Summary · 1 day ago  · quota system for the coalition parties. ... the Office of the Cane and Sugar Fund has forecast, as drought continued while farmers

June 10, 2020

Thai Enquirer Summary

Political News

Prime Minister Prayut Chan-o-cha has dismissed speculation about a looming cabinet

reshuffle, saying that he has not thought about it and asked the media to stop reporting on

the issue which he likened to a soap opera.

He insisted that changing cabinet ministers is his exclusive decision.

“I know when and how, but not at this moment,” he said, adding that he

has many other things to do. “Do not ask me when I will change the

Cabinet. I will tell you myself when there is to be a reshuffle. Or I may

not tell you, as I may go ahead and do it myself, because it is at the sole

decision of the Prime Minister,” he said, adding that there is already a

quota system for the coalition parties.

When asked about the prospect that Deputy Prime Minister Prawit Wongsuwan

may become the new leader of the Phalang Pracharat Party (PPRP), Gen Prayut

retorted: “Why not? If he accepts the position, it is his own business”.

Page 2: June 10, 2020 Thai Enquirer Summary · 1 day ago  · quota system for the coalition parties. ... the Office of the Cane and Sugar Fund has forecast, as drought continued while farmers

The Prime Minister also brushed aside speculation that 3 economic ministers

including Finance Minister Uttama Savanayana, Energy Minister Sontirat

Sontijirawong and Minister of University, Science, Research and Innovations

Suvit Maesinsee who are close associates of Deputy Prime Minister Somkid

Jatusripitak, may quit. Gen Prayut only said he had instructed them to do their

jobs the best they can.

Opposition MPs walked out of parliament chamber yesterday (June 9) in protest against a

lack of details in the government’ plan to reallocate 88 billion baht to a central fund to

fight Covid-19 and rehabilitate the economy.

Worawat Ua-apinyakul, deputy chairman of the ad-hoc committee vetting a draft

bill on the budget transfer who led the walkout, said he noted that the

government’s transfer draft bill lacked elaborate details. Without the details the

panel cannot make thorough examinations. He said large amounts of the central

fund were earmarked to solve drought problems, not help fight the outbreak.

Mr Worawat voiced frustration at the Defence Ministry for hampering the panel’s

work, noting ministry representatives submitted a document marked as classified

to the committee for consideration but retracted it shortly after. The document is

believed to be the government’s plan to reallocate money to the central fund. He

slammed the chairman of his ad-hoc committee for refusing to call for the return

of the document from the ministry.

Benja Saengchan, a committee member from Kao Klai Party, said the defence

[ministry] is untouchable. The ministry claimed that the document was classified

and took it back immediately, preventing the panel from thoroughly examining

the document.

Finance Minister Uttama Savanayana, as the Phalang Pracharat Party (PPRP) leader, is

under pressure to call a general assembly to elect a new executive board.

Page 3: June 10, 2020 Thai Enquirer Summary · 1 day ago  · quota system for the coalition parties. ... the Office of the Cane and Sugar Fund has forecast, as drought continued while farmers

Deputy party leader Paiboon Nititawan said after a meeting of executive

committee members yesterday (June 9) that Mr Uttama must schedule the general

assembly for June 19-21, warning that if Mr Uttama fails to do so, rebel MPs

from other factions inside the PPRP will mobilize more than half of the party’s

MPs to petition the Election Commission (EC) to call the general assembly.

It is also speculated that the rebel MPs’ rebellion is intended to necessitate a

cabinet reshuffle, to unseat the economic team, led by Deputy Prime Minister

Somkid.

There are a few new developments on the case of missing pro-democracy activist

Wanchalearm Satsaksit who reportedly went missing in Phnom Penh last week.

Cambodia’s national police force is reported to launch an investigation into the

alleged abduction of Mr Chalearm despite earlier calling his disappearance “fake

news,” prompting frustration over delays from a rights group that demanded an

independent and transparent probe.

Amid mounting calls for an investigation, including a request via a diplomatic

note from the Thai Embassy in Phnom Penh, National Police Commission

spokesman Chhay Kim Khoeun confirmed yesterday (June 9) that a probe into

Wanchalearm’s disappearance is underway.

Chhay Kim Khoeun denied allegations by Mr Wanchalearm’s supporters in

Thailand that authorities in Phnom Penh had carried out the alleged abduction at

Bangkok’s behest.

Chhay Kim Khoeun said according to official records, Mr Wanchalearm wasn’t

even living in Cambodia at the time of his alleged kidnapping. “According to our

investigation, Satsakit disappeared from Cambodia in 2017,” he said.

Page 4: June 10, 2020 Thai Enquirer Summary · 1 day ago  · quota system for the coalition parties. ... the Office of the Cane and Sugar Fund has forecast, as drought continued while farmers

There is also a report that Mr Chalearm’s visa which allowed him to stay in

Cambodia for 2 years has expired since December 31, 2017. Cambodian

authorities found no evidence that Mr Chalearm applied to renew his visa.

Following a weekly cabinet meeting yesterday (June 10) Prime Minister Prayut

Chan-o-cha told reporters he had asked Thai security officials about MR

Wanchalearm’s reported abduction and indicated that his government would

cooperate with authorities from a foreign country in investigating the case.

He also made clear that Thailand would not “interfere in another country’s

authority” as part of any investigation.

“I’ve nothing to do [with this issue] and I seek fairness for Thai

officials,” Gen Prayut added.

Regarding reports of the Ministry of Defence’s move to request private mobile phone

information from mobile network operators as revealed through the ministry’s letter to

the National Broadcasting and Telecommunications Commission (NBTC), political

activist Srisuwan Janya announced that he will today petition the National Human Rights

Commission (NHRC) to look into the matter.

Meanwhile, secretary-general Takorn Tantasith said the NBTC has been

requested by the Defence Ministry and the Department of Disease Control to track

locations of 140 mobile phone subscribers, who are COVID-19 patients who are

deemed to be in a high risk group.

Mr Takorn insisted that the NBTC cannot access personal data of these mobile

phone users. It can merely retrieve information about facilities where these

patients received treatments in a 7-day period.

In a separate development, the Office of the Ombudsman decided to accept political

activist Srisuwan Janya’s petition asking it to seek the Constitutional Court’s ruling on

Page 5: June 10, 2020 Thai Enquirer Summary · 1 day ago  · quota system for the coalition parties. ... the Office of the Cane and Sugar Fund has forecast, as drought continued while farmers

the nomination of Suchart Trakulkasemsuk as to whether he is eligible to become a new

member of the National Anti-Corruption Commission (NACC), announced Ombudsman

secretary-general Raksagecha Chaechai.

Mr Srisuwan claimed that the nomination of Mr Suchart was decided by the

NACC selection committee tasked with selecting a new member may be

unconstitutional as Mr Suchart has not left the National Legislative Assembly

(NLA) at least 10 years as required under Section 11 (18) of the anti-corruption

law.

Economic News

Analysts feel that wiith the prospect of lifting the ban on inbound passenger flights (even

if selective) is a sign of some light at the end of the tunnel.

The Federation of Thai Industries (FTI) has reported that Japanese

investors/businessmen (likely via Jetro) have asked for a daily quota of business

travelers so they can complete investment negotiations and fill in senior vacant

positions.

This, analysts say, is very encouraging. Production is set to return to normal. Also

perhaps finally some of the ongoing industrial land purchase negotiation at WHA

and AMATA can be concluded.

The influx Japanese executives would also be positive for familiar hotel operators

that have strong brand and can be "relied" with regard to safety. Among the top

would be the Bangkok and eastern region properties of MINT, ERW, CENTEL

and the Centrepoints.

This move prompted the Civil Aviation Authority of Thailand (CAAT) plans to call a

meeting with airlines next week to discuss whether they will be allowed to resume

international routes expected on July 1.

Page 6: June 10, 2020 Thai Enquirer Summary · 1 day ago  · quota system for the coalition parties. ... the Office of the Cane and Sugar Fund has forecast, as drought continued while farmers

CAAT director Chula Sukmanop said the meeting will focus on airlines’

readiness to resume overseas services, details of airlines’ preferred international

routes and CAAT travel regulations.

Mr Chula said he could not answer whether the CAAT will extend its inbound

flight ban further. He said he is awaiting a signal from the Centre for Covid-19

Situation Administration (CCSA). Mr Chula expects the situation to become

clear in the next 1-2 weeks.

Earlier, Deputy Prime Minister Somkid Jatusripitak said the government is

considering to reopen the country’s borders, with priority to COVID-19-free

countries, in the 3rd or final quarter of this year.

He said relaxation of inbound travel restrictions will boost the tourism industry,

which has suffered heavily in the wake of the COVID-19 crisis.

The Cabinet has approved the exemption of hotel operating fees, worth 40 baht per room,

for 1 year (from July 1, 2020 to June 30, 2021), Government spokesperson Naruemon

Pinyosinwat announced after a weekly Cabinet meeting yesterday (June 9).

The exemption of the fee on 783,855 rooms would help hotels while the

government is expected to lose 31.35 billion baht in revenue.

The tourism ministry is planning to roll out programs worth 8-12 billion baht to stimulate

domestic tourism. There is hope that the program will work. Domestic tourism was about

6.4% of nominal GDP in 2019, based on estimates by Tourism Authority of Thailand

(TAT), which could mean that there could be some boon for the tourism sector.

The Cabinet also approved a 10-billion-baht budget for its sugarcane farmers, whose

output has been hit by drought.

Page 7: June 10, 2020 Thai Enquirer Summary · 1 day ago  · quota system for the coalition parties. ... the Office of the Cane and Sugar Fund has forecast, as drought continued while farmers

The government expects that around 300,000 sugarcane farmers would receive

the financial aid, said Ratchada Thanadirek, a deputy government spokeswoman.

Thailand’s cane production next season is expected to further decline by around

20%, the Office of the Cane and Sugar Fund has forecast, as drought continued

while farmers planted new crops in April and early May, and as the coronavirus

pandemic hits the global economy and reduces demand for sugar.

Thailand is the world’s 2nd-largest sugar exporter, behind Brazil, but its

production plunged by more than 40% in the December-April season from a year

earlier, as it crushed the lowest volume of sugar cane in a decade as a prolonged

drought undermined yield.

The Cabinet also approved a business restructuring plan for the debt-ridden Bangkok

Mass Transit Authority (BMTA). The process is expected to take around 7 years in order

to help the BMTA to cut losses, Transport Minister Saksayam Chidchob announced after

a weekly Cabinet meeting yesterday (June 9).

Under this business rehabilitation plan, the BMTA will rent out a total of 2,511

buses from 2 or 3 different companies.

The weekly Cabinet’s meeting has approved the drafting of a bill that would allow for the

tax collection of foreign digital platforms. The measure was proposed by the Ministry of

Finance.

The bill so-called “E-Service Act” would start collecting tax from foreign digital

platforms that do not have a Thai subsidiary. This includes platforms that provide

online music, movies, games, stickers, advertisement and hotel booking.

The collection will add at least 3 billion baht into the government’s coffer per

year as estimated by the Finance Ministry.

Page 8: June 10, 2020 Thai Enquirer Summary · 1 day ago  · quota system for the coalition parties. ... the Office of the Cane and Sugar Fund has forecast, as drought continued while farmers

Foreign digital platforms are making at least 1.8 million baht per year in Thailand.

If passed, they will have to pay value-added tax (VAT) and be liable for sales tax,

according to information from the Revenue Department.

The Cabinet approved excise tax exemptions for various businesses affected by the

COVID-19 pandemic including night entertainment venues, night clubs, bars, pubs, horse

racing facilities, massage parlours, restaurants that sell liquor and golf courses, effective

until September 30, 2020.

In addition, the Cabinet has delayed doubling the excise tax on cigarettes to 40%

which will raise retail price for cigarettes priced below 60 baht per pack, from

20% for another year from the original date on October 1, 2020.

The Securities & Exchange Commission (SEC) has come out to float the idea that it

would set up a fund to help bonds issued by issuers that are non-investment grade due to

the coronavirus outbreak.

The securities watchdog requested the Finance Ministry offer tax privileges to

make the fund's establishment viable, and funding must be sought from several

sources, said Deputy PM Somkid.

Grassroots economy:

In the 1.9 trillion baht fund, 400 billion baht is earmarked for the grassroots economy. So

far some 28,425 projects worth up to 593 billion baht have been identified says National

Economic and Social Development Council (NESDC) and these projects belong to state

agencies and local administrative organizations dealing with community businesses, One

Tambon One Product (OTOP), community tourism and small-scale infrastructure

development.

Broker Kim Eng says that if these projects are rolled out, it could generate

demand for construction materials , small/medium machinery and electrical

equipment. Potential beneficiaries VNT, WIIK, SCC, SCCC, TPIPL and even

farm tractor maker Kubota (parts supplied by SAT).

Page 9: June 10, 2020 Thai Enquirer Summary · 1 day ago  · quota system for the coalition parties. ... the Office of the Cane and Sugar Fund has forecast, as drought continued while farmers

Apart from these other to benefit in the multiplier are the hire purchase companies

like SINGER and JMART, MTC and SAWAD.

In regards to the On the progress of Thai Airways international (THAI)’s rehabilitation

plan, reports said the national carrier has successfully completed negotiations with

creditors in 3 countries, namely Switzerland, Germany and Japan, and is planning to seek

bankruptcy protection in the United States before it starts negotiating with creditors there.

Thai Airways has asked German and Swiss courts to protect its planes, deposit

accounts and other assets overseas from creditors, according to government

spokeswoman Naruemon Pinyosinwat.

The national carrier will seek the same recognition from courts in other

countries, including Japan and the United States.

THAI has until August 17 to come up with a rehabilitation plan to present to the

Central Bankruptcy Court.

The World Bank downgraded Thailand’s economic growth outlook for this year to a -5%,

from 2.7%, citing a host of unfavourable factors including supply chain disruptions,

lockdown measures, declining trade and tourism and weakening domestic consumption

due to the coronavirus crisis which have triggered an economic downturn.

The World Bank’s revision is in line with a 5.3% decline projected by the Bank of

Thailand, representing the biggest GDP contraction among the emerging Asean

economies analysed.

This will mark the first full-year contraction since the 2008 global financial crisis,

which resulted in a 2.3% downturn for the economy in 2009.

“The baseline assumes a muted spread of the outbreak in Thailand, a significant

worsening of global growth prospects in 2020 and structural challenges in

disbursing public spending,” the World Bank said.

Page 10: June 10, 2020 Thai Enquirer Summary · 1 day ago  · quota system for the coalition parties. ... the Office of the Cane and Sugar Fund has forecast, as drought continued while farmers

Thailand’s cross-border trade plunged 9.45% in 4 months (from January to April) to

415.241 billion baht due to the COVID-19 pandemic that forced the country to shut down

its borders with neighbours, according to Keerati Rushchano, Director-General of the

Foreign Trade Department.

The Federation of Thai Industries (FTI) urged the government to reopen its

borders to travellers to enter the kingdom for business purposes. FTI vice-

chairman Montri Mahaplerkpong said the border closures have suspended

regional trade and business activities.

---------------------------------------------------------------------------------------------------------------------

General News

The Centre for COVID-19 Situation Administration (CCSA) reported 2 new COVID-19

cases, all Thai nationals who returned from overseas, over the last 24 hours, bringing the

total to 3,121 cases, and no new deaths.

The 2 new cases were a 22-year-old male student who returned from Saudi Arabia

and a 31-year-old female who came back from the Netherlands, said CCSA

assistant spokeswoman Dr Panprapa Yongtrakul.

Thailand has recorded no new local transmission for 15 consecutive days.

Globally the situation continues to rise with just over 7.3 million cases so far. Total active

cases remained at 3.3 million while the death numbers are near 414,000.

The top 3 countries with most additions are Brazil, United States, and India. They

added 31,1897 (Brazil), 19,056 (United States) and 10,218 (India).

Page 11: June 10, 2020 Thai Enquirer Summary · 1 day ago  · quota system for the coalition parties. ... the Office of the Cane and Sugar Fund has forecast, as drought continued while farmers

Political News Headlines in Thai Media

Government officials and pro-government media went on the offensive on Tuesday

claiming that dissident Wanchalearm Satsakit was growing marijuana at his flat in Phnom

Penh which they linked to his disappearance.

o Link- https://www.thaienquirer.com/14200/government-officials-and-pro-

government-media-are-trying-to-destroy-wanchalearms-character-it-is-nothing-new/

The Thai government said on Tuesday that reports that its coronavirus response center

was sharing mobile tracking data with the Ministry of Defense were true but added that it

was not intruding into user’s private data.

o Link- https://www.thaienquirer.com/14139/thai-coronavirus-response-center-is-

sharing-mobile-tracking-data-with-the-ministry-of-defense/

Prime Minister Prayut Chan-ocha said after the cabinet meeting on Tuesday that there is

no need to speculate whether the cabinet will be reshuffled because he will tell the public

once he has decided.

o Link- https://www.thaienquirer.com/14175/cabinet-reshuffling-will-not-happen-now-

while-ccsa-plans-to-discuss-reopening-international-tourism-on-friday-pm-said/

As Thailand eases its lockdown measures and opens its doors back up to Thai nationals

who have been stranded abroad, those that return home must undergo 14-days of state

quarantine.

o Link- https://www.thaienquirer.com/14102/quick-interview-with-former-state-

quarantine-inmate/

Thammasat University officially announced this week that it will now allow students to

dress according to their chosen gender, effective on June 9.

o Link- https://www.thaienquirer.com/14205/thammasat-university-greenlights-gender-

inclusive-dress-code/

The hashtag #ก็ผมหนปูะคะ or “but it’s my hair” went viral on Twitter as Thai students

were outraged over guidelines rolled out by the Ministry of Education, allowing for

schools to dictate whether students will still have to follow grooming regulations.

o Link- https://www.thaienquirer.com/14161/students-outraged-over-grooming-

regulations-sparking-viral-hashtag/

Page 12: June 10, 2020 Thai Enquirer Summary · 1 day ago  · quota system for the coalition parties. ... the Office of the Cane and Sugar Fund has forecast, as drought continued while farmers

Opposition members in parliament are worried that the government coalition may snatch

vacant House committee seats during the session on Wednesday, according to Pheu Thai

whip Sutin Klungsang.

o Link- https://www.bangkokpost.com/thailand/politics/1932028/pheu-thai-party-frets-

over-seat-snatching

Prime Minister Prayut Chan-o-cha has put the brakes on a cabinet reshuffle push by

factions within the ruling Palang Pracharath Party (PPRP), saying the government still

has other more pressing concerns to tackle, particularly the coronavirus crisis.

o Link- https://www.bangkokpost.com/thailand/politics/1932048/prayut-puts-brakes-

on-reshuffle

Prime Minister Prayut Chan-o-cha on Tuesday defended the use of the emergency decree

to curb the spread of Covid-19, calling it a legal tool for the authorities to enforce virus

control measures.

o Link- https://www.bangkokpost.com/thailand/politics/1932004/pm-defends-

emergency-decree

Police arrested and fined a group of student activists who held a rally Tuesday against the

alleged abduction of an anti-government dissident.

o Link- https://www.khaosodenglish.com/politics/2020/06/09/activists-arrested-while-

campaigning-over-dissidents-abduction/

Opposition lawmakers walked out of a parliament meeting on Tuesday to protest against

a lack of details in the government's plan to reallocate 88 billion baht to a central fund to

fight Covid-19 and rehabilitate the economy.

o Link- https://www.bangkokpost.com/thailand/politics/1932032/mps-walk-out-of-

covid-oversight-committee-meeting

Economic News Headlines in Thai Media

Business owners at the Chamchuri Square shopping mall sent a petition this week to

Princess Sirindhorn asking for her help in negotiating with the mall’s management for

lower rent, according to the business owners and students.

Page 13: June 10, 2020 Thai Enquirer Summary · 1 day ago  · quota system for the coalition parties. ... the Office of the Cane and Sugar Fund has forecast, as drought continued while farmers

o Link- https://www.thaienquirer.com/14180/shopowners-at-chamchuri-square-sent-a-

petition-to-the-bureau-of-princess-maha-chakri-sirindhorn-to-lower-rent/

The World Bank said on Tuesday that the global economy will contract by 5.2 per cent in

2020, representing the deepest recession since World War II.

o Link- https://www.thaienquirer.com/14158/world-bank-sees-a-contraction-of-5-per-

cent-for-thailand-in-2020-local-think-tank-sees-worse/

Thai Airways [THAI] are entering into negotiations with creditors to avoid potential

roadblocks when the company enters the bankruptcy court in August, officials said

Tuesday.

o Link- https://www.thaienquirer.com/14196/thai-airways-enters-into-talks-with-

creditors-to-prevent-asset-seizure/

The cabinet has approved on Tuesday the drafting of a bill that would allow for the tax

collection of foreign digital platforms. The measure was proposed by the Ministry of

Finance (MOF).

o Link- https://www.thaienquirer.com/14184/cabinet-approves-the-drafting-of-a-bill-to-

collect-tax-from-foreign-digital-platforms/

Health experts warned on Tuesday that opening up the country too fast to tourism could

risk the painstaking gains made by the coronavirus lockdown and contribute to a second

wave of infections.

o Link- https://www.thaienquirer.com/14137/private-sector-calls-for-tourism-

resumption-but-health-experts-warn-against-hasty-reopening/

It’s been half a year since the first signs of COVID-19 surfaced. It has taken away

hundreds of thousands of lives and destroyed the livelihood of millions, but we’re finally

beginning to recover. But as the pandemic slowly and painfully subsides, it is worth

noting that we cannot return to business as usual.

o Link- https://www.thaienquirer.com/14192/opinion-we-cannot-return-to-business-as-

usual-after-the-pandemic/

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) supports

the move to make Thailand a member of the Comprehensive and Progressive Agreement

for Trans-Pacific Partnership (CPTPP) to boost the nation's international trade in the

post-pandemic period.

Page 14: June 10, 2020 Thai Enquirer Summary · 1 day ago  · quota system for the coalition parties. ... the Office of the Cane and Sugar Fund has forecast, as drought continued while farmers

o Link- https://www.bangkokpost.com/business/1932096/industrial-group-supports-

thailand-joining-cptpp

State-owned public broadcaster MCOT is threatening to sue the National Broadcasting

and Telecommunications Commission (NBTC) if the telecom regulator's board meeting

on Wednesday fails to reach a resolution on the amount of compensation it would give to

the company for the 2600-megahertz spectrum recall.

o Link- https://www.bangkokpost.com/business/1932120/mcot-mulls-lawsuit-against-

nbtc-over-compensation

The Thai Travel Agents Association (TTAA) aims to attract 1 million outbound tourists

who booked tour packages over Songkran but failed to use them because of the pandemic

to travel domestically instead, in hopes of raising 20 billion baht in tourism revenue.

o Link- https://www.bangkokpost.com/business/1932156/travel-agents-hopeful-of-

domestic-tourism

The local stock market's rally is not reflective of Thailand's economic fundamentals or

the performance of SET-listed companies, making a profit-taking sell-off highly likely in

the third quarter, says an academic.

o Link- https://www.bangkokpost.com/business/1932292/q3-profit-taking-sell-off-on-

the-cards

Thailand’s Finance Ministry is to roll out an incentive scheme to encourage Thai people

to travel and spend domestically, in order to revive the local tourism industry, hard hit by

the COVID-19 pandemic.

o Link- https://www.thaipbsworld.com/finance-ministry-considers-incentives-for-thais-

who-spend-on-local-tourism/

Issues to be watched out for

May 28-June 10, 2020 – The government’s “Rao Mai Thing Kun” bond sale will be made

available to the general public and non-profit entities.

May 26-June 16, 2020 – The application period for the next governor of the Bank of

Thailand (BoT).

Page 15: June 10, 2020 Thai Enquirer Summary · 1 day ago  · quota system for the coalition parties. ... the Office of the Cane and Sugar Fund has forecast, as drought continued while farmers

May 29, 2020 - The deadline for those who missed out on the government’s 5,000-baht

cash handout scheme who wish to appeal their case to the Finance Ministry.

June 20, 2020 – A by-election on the Constituency 4 of Lampang is expected to be held.

June 25, 2020 – The deadline for the Office of Attorney General (OAG) whether to appeal

or not appeal the lower court’s acquittal of Panthongtae “Oak” Shinawatra, son of former

prime minister Thaksin Shinawatra, for alleged money laundering.

June 30, 2020 – The Civil Aviation Authority of Thailand (CAAT) is expected to lift ban

on incoming flights.

June 30, 2020 – The government is expected to lift lockdown restrictions imposed under

the emergency decree.

July 2020 – The Expressway of Thailand (EXAT)’s planned opening schedule of the new

Motorway Route 7 Section from Pattaya to Map Ta Phut.

July 2, 2020 – The shortlist of candidates for the new governor of the Bank of Thailand

(BoT) will be concluded.

July 15, 2020 – The House is set to deliberate on the draft budget bill for the 2021 fiscal

year.

July 16, 2020 – The deadline set for the Phalang Pracharat Party (PPRP) to hold a general

assembly to select a new executive board.

August, 17, 2020 – The first day of hearings for Thai Airways International Plc (THAI)’s

bankruptcy case.

August 29, 2020 – The deadline for farmers to return the banned agri-chemicals, paraquat

and chlorpyrifos, in their possession to sellers.

September 21, 2020 – The National Economic and Social Development Council (NESDC,

formerly known as the National Economic and Social Development Board or NESDB) is

to revise the 20-year national strategy at an annual meeting to respond to the COVID-19

crisis.

Page 16: June 10, 2020 Thai Enquirer Summary · 1 day ago  · quota system for the coalition parties. ... the Office of the Cane and Sugar Fund has forecast, as drought continued while farmers

September 30, 2020 – The Stock Exchange of Thailand (SET) is set to extend the revised

equity short-selling regulations from June 30 to September 30 as stock market volatility

remains high in the wake of the Covid-19 pandemic.

October, 2020 – The bidding for construction and operation for the 140-billion-baht

Orange Line western extension linking the Thailand Cultural Centre with Bang Khun

Non.

October, 2020 – The Thailand Grand Prix was rescheduled after being postponed due to

the coronavirus outbreak.

Key Data

SET Index 1,408.37 -30.29

Link - https://www.set.or.th/en/company/ipo/upcoming_ipo_set.html

Global Commodities

Metal -Link http://www.bloomberg.com/markets/commodities/futures/metals/

Energy -Link - http://www.bloomberg.com/energy/

Baltic Dry Index (BDI)-Link - http://www.bloomberg.com/quote/BDIY:IND

Global Equity Market’s Movements

Link - http://www.bloomberg.com/markets/stocks/world-indexes/asia-pacific/

Asian Equity Markets Movement

Link - http://www.bloomberg.com/markets/stocks/world-indexes/

Information on June 9, 2020

Page 17: June 10, 2020 Thai Enquirer Summary · 1 day ago  · quota system for the coalition parties. ... the Office of the Cane and Sugar Fund has forecast, as drought continued while farmers

Buying, Selling or Transfer of shares by Owners/Management

Stock Code Volume Value Action

AEC 24,259,500 0.21 Purchase

AEC 5,000,000 0.29 Purchase

AIMCG 25,000 8.05 Sale

ACG 588,800 0.95 Purchase

BM 2,000 2.28 Purchase

DOHOME 14,000 9.3 Sale

DOHOME 12,900 9.6 Sale

DOHOME 800 9.7 Sale

ECL 200,000 0.18 Sale

EP 323,900 3.59 Purchase

JAS 500,000 4.04 Sale

JAS 500,000 0.68 Purchase

LPH 40,000 4.46 Purchase

LPH 20,000 4.5 Purchase

MJD 5,000,000 - Transfer

MJD 2,884,300 1.95 Sale

MJD 1,600,000 2.05 Sale

MJD 456,100 1.99 Sale

MJD 5,000,000 - Transfer

MINT 1,100 22.5 Sale

MINT 8,600 23.1 Sale

PLANET 10,000 0.89 Sale

PLANET 30,000 0.9 Sale

PLANET 10,000 0.85 Purchase

PR9 20,000 7.25 Sale

PR9 20,000 7.1 Sale

Page 18: June 10, 2020 Thai Enquirer Summary · 1 day ago  · quota system for the coalition parties. ... the Office of the Cane and Sugar Fund has forecast, as drought continued while farmers

PRIME 500,000 0.34 Purchase

PRIN 39,000 1.55 Purchase

RS 900,000 12.7 Purchase

SKR 918,000 4.75 Sale

SMT 5,000,000 1.18 Purchase

STI 20,000 6.25 Sale

SUSCO 50,000 2.36 Purchase

SUSCO 50,000 2.38 Purchase

TSTE 4,000 7 Purchase

TU 300,000 12.8 Purchase

TTA 456,500 3.26 Purchase

TTA 1,300,000 3.43 Purchase

TASCO 50,000 23.6 Sale

KUN 10,000 0.9 Purchase

KUN 10,000 0.9 Purchase

KUN 100,000 0.92 Purchase

XD, XE or XM or other notifications

For list of Companies that have dividend payment and AGM meeting schedules click on

http://www.set.or.th/set/calendarofevents.do

Trading Breakdown on the Stock Exchange of Thailand

Daily as of 9 Jun 2020

Unit: M.Baht

Investor Type Buy Sell Net

Value % Value % Value %

Page 19: June 10, 2020 Thai Enquirer Summary · 1 day ago  · quota system for the coalition parties. ... the Office of the Cane and Sugar Fund has forecast, as drought continued while farmers

Local Institutions 7,739.73 6.7 10,354.48 8.96 -2,614.75 -

Proprietary Trading

10,853.60 9.39 10,765.19 9.32 88.41 -

Foreign Investors 37,110.92 32.11 36,625.22 31.69 485.7 -

Local Individuals 59,855.65 51.8 57,815.01 50.03 2,040.64 -

Monthly Cumulative between 1 - 9 Jun 2020

Unit: M.Baht

Investor Type Buy Sell Net

Value % Value % Value %

Local Institutions 57,532.36 9.59 54,092.16 9.02 3,440.20 -

Proprietary

Trading

55,125.34 9.19 50,798.87 8.47 4,326.47 -

Foreign Investors 192,919.57 32.15 187,216.33 31.2 5,703.25 -

Local Individuals 294,416.69 49.07 307,886.61 51.31 -13,469.92 -

Yearly Cumulative since 1 Jan - 9 Jun 2020

Unit: M.Baht

Investor Type Buy Sell Net

Value % Value % Value %

Local Institutions 866,633.85 11.79 795,607.56 10.82 71,026.29 -

Proprietary

Trading

743,226.01 10.11 741,429.05 10.08 1,796.96 -

Foreign Investors 2,612,055.66 35.53 2,800,281.52 38.09 -

188,225.86

-

Local Individuals 3,130,089.23 42.57 3,014,686.62 41 115,402.61 -

Total Trading Value 115,559.91 Million Baht.

Background Information –  

The strength of each party in the Thai Parliament as of May 8, 2019 as per the report by the

Election Commission of Thailand. Elections took place on March 24, 2019

https://www.ect.go.th/ect_th/news_all.php?cid=24

List of MPs - https://www.ect.go.th/ect_th/download/article/article_20190508184334.pdf

Information provided here is copyright of ThaiNews Corp and no part maybe reproduced in any form

without the prior written permission. The opinions expressed are only those of the writer’s and is analyzed

based on the situation. This email may not be forwarded to others. Forwarding of the email would be

considered as a breach of contract and membership could be terminated with no refund.