Jump to content
Login with your Gmail HERE and start posting in seconds! ×
Don't just read! Be part of the Community! Join the conversation ×

Thailand Live Wednesday 20 Oct 2010

webfact

By webfact
in Thailand News Headlines

 Share

Recommended Posts

webfact Grand Master Member

webfact

Posted
Posted

Thailand Live Wednesday 20 October 2010

News, Bits and Tweets

with webfact

Keep up to date with live updates from the news, hour by hour.

For breaking news,national, regional and international news updates on

a daily basis only, this thread is closed to commentary so that those

who wish to follow the news can find it here...

Commentary is still open for Thailand news in the relevant thread posted in News Clippings.

FOLLOW US:

You can also follow us on

- Twitter: http://twitter.com/georgebkk

- Facebook: http://www.facebook.com/ThaiVisaNews

- Breaking News via SMS text messages to your mobile phone or handheld device

To subscribe dial *424010011 on AIS, One-2-Call, DTAC or True Move networks

14 days complementary subscription for Thaivisa members.

If you have questions about the Breaking News SMS service,

email: sms [at] thaivisa.com

________________________________________________________________________________

Thailand's current weather and forecasts: http://weather.thaivisa.com/

________________________________________________________________________________

Related topic: Thailand Live Tuesday 19 October 2010

Link to comment
Share on other sites

webfact Grand Master Member

webfact

Posted
  • Author
Posted

Stronger Thai baht affects economy

BANGKOK (NNT) -- The baht appreciation will affect the economic growth by up to 2.7 percent. Meanwhile, the Ministry of Finance has predicted that that US Dollar might get weaker, and urged entrepreneurs to be ready to cope with it.

According to The Fiscal Policy Ofiice (FPO) Finance Minister Korn Chatikavanij said that stability of the nation’s economy is partly influenced by inflation. The higher the inflation rate, the more the people and businesses will be affected. Thailand has been so used to low inflation rates in the past ten year that it does not realize the true effect of inflation.

As for MR. Pridiyathorn Devakula’s suggestion that the government impose a “Tobin tax” as a means to curb capital inflows, the Minister said the government was ready to listen to suggestions from all parties and would discuss them with the Central Bank. As for the 15% tax imposed on capital gains and interests earned from government and pubic enterprises’ bonds, Korn said the measure was effective given the amount of purchases had decreased. He also advised that entrepreneurs increase their production efficiency as he believed the greenback would depreciate further against the baht and other regional currencies.

As regards the concept of “Tobin tax”, which is aimed at reducing or removing the incentive for short-term financial speculation in the currency markets and allowing authorities to control capital flows, Naris Chaiyasoot, the Director of Fiscal Policy Office (FPO), said the Office was studying it; however, whether the concept will be applied depends on the top-level-management’s decision.

The appreciation of the baht, to the tune of 10% during the past nine months, has affected the country’s economic growth by 2.7 percent, which, in turn, might cause the GDP to grow less than 7%, as earlier expected.

nntlogo.jpg

-- NNT 2010-10-20 footer_n.gif

Link to comment
Share on other sites
webfact Grand Master Member

webfact

Posted
  • Author
Posted

Wirat ready to explain video clip scandal

BANGKOK (NNT) -- The Democrat Party MP who appeared on the video footage negotiating with a Constitutional Court official said he could explain everything on the clip, and that the talk was not in connection with the Democrat’s fund misuse case.

Democrat Party MP for Ranong Wirat Romyen flatly denied lobbying the court official. He said he was not worried about the libel law suit filed by the Pheu Thai Party against the Democrats.

The Democrat MP admitted that he had met Pasit Sakdanarong, the then secretary to the president of the Constitutional Court, who was dismissed from his post after the clip had been released. Mr Wirat did not say how many times they had met, but said he would wait for the belligerent Pheu Thai Party to make a move. He added the meeting was personal; his party did not send him there.

The scandalous clip was released on Sunday, one day before the last witness cross-examination day in the Democrat Party dissolution case. The ruling party has been accused of breaching the Political Party Act by misusing a political party development fund worth 29 million baht provided by the EC.

Meanwhile, the ABAC Poll by Assumption University stated that 54 percent of the respondents thought that the video footage has tarnished the credibility of the justice system.

nntlogo.jpg

-- NNT 2010-10-20 footer_n.gif

Link to comment
Share on other sites
webfact Grand Master Member

webfact

Posted
  • Author
Posted

House Speaker Denies Quitting

Thai politics may soon be in a state of confusion again, following rumors on a secret deal concerning the top post at the House of Representatives.

However, the present speaker of the Lower House has come out to deny the rumors.

House Speaker Chai Chidchob affirmed he has never made any deal with the ruling Democrat Party that he will give up his post if the Bhum Jai Thai Party leaves the coalition.

It was reported that Chai agreed on a deal to pave the way for former Democrat leader Banyat Bantadtan, who was once nominated to for the House speaker post when the now defunct People Power Party took office in 2009.

Key Bhum Jai Thai Party member and Transport Minister Sophon Sarum and Deputy Government Spokesman Supachai Jaisamut denied commenting on the issue.

There have also been rumors on a possible change at the Interior Ministry, which suggested that former deputy prime minister Suthep Thaugsuban would take over the minister’s post from Chawarat Charnvirakul, who is also the leader of the Bhum Jai Thai Party.

Supachai said he had no knowledge of such a change.

tanlogo.jpg

-- Tan Network 2010-10-20

footer_n.gif

Link to comment
Share on other sites
webfact Grand Master Member

webfact

Posted
  • Author
Posted

Police operation decreased crime rates

BANGKOK (NNT) -- Although the spate of bomb attacks in the capital has died down, police still maintain their checkpoints throughout Bangkok in order to ensure safety and peace in town.

Like several other police stations, the Metro Police and the Taopoon police Station have recently set up another checkpoint at Taopoon district to monitor vehicles, as part of their plan to keep the city free of violence.

According to the police, there has been no report of weapons or illegal materials found during their operation. Crime rates have reportedly gone down since the operation kicked off weeks ago.

nntlogo.jpg

-- NNT 2010-10-20 footer_n.gif

Link to comment
Share on other sites
webfact Grand Master Member

webfact

Posted
  • Author
Posted

Funeral Held for Crashed F-16 Pilot

The air force has transported the body of the pilot of the F-16 jet fighter that crashed in Tak province yesterday to Bangkok for funeral.

Air force officials have transported the body of the F-16 pilot Flight Lieutenant Thanikorn Luengrungwari, who was killed in a crash yesterday during a training flight from Nakhon Sawan Air Base to the 41st Air Base in Chiang Mai.

It is believed Thanikorn experienced midair difficulties in Tak's Mae Tak district that resulted in the crash and his death.

Thanikorn's body was first taken to Phitsanulok's 46th Air Base for a ceremony to honor his military duty before being transported on a C-130 plane to Don Muang Air Base in Bangkok for funeral.

The 31 year old pilot graduated from the 47th class of the Armed Forces Preparatory Schoool.

He graduated in aeronautical engineering and was posted at Muang district in Kanchanaburi province.

After hearing the news of the accident, fellow pilots in the Wing of Siam Group said Thanikorn was an excellent pilot and expressed their condolences to his family and his recently wedded wife.

Meanwhile, air force officials have warned salvation crews, locals and members of the press who viewed the wreckage to observe any health irregularity since radioactive Hydrosyn substance was found to have leaked from the wreckage.

Individuals who develop facial burns and bitterness in their throats are recommended to quickly seek medical attention.

tanlogo.jpg

-- Tan Network 2010-10-20

footer_n.gif

Link to comment
Share on other sites
webfact Grand Master Member

webfact

Posted
  • Author
Posted

Chao Phraya River Breaches Bunkers in Patumthani

Reports suggest that the Chao Phraya River has over flowed its banks and breached bunkers along the riverside in Patumthani province. Flood threats will be highest for Bangkok on October 23 when tides will be at their highest.

tanlogo.jpg

-- Tan Network 2010-10-20

footer_n.gif

Link to comment
Share on other sites
webfact Grand Master Member

webfact

Posted
  • Author
Posted

Former BKK governor Bhichit sued on controversial land deal

Former Bangkok governor Bhichit Rattakul was charged in the Criminal Court Wednesday over alleged irregularities behind the purchase of a plot of land by the city administration.

Public prosecutors charged that Bhichit and former City Clerk Prasert Samalapha collaborated to purchase a plot from a private firm in Bang Sue district at an inflated price. The Bangkok Metropolitan Administration bought the plot for building a car park.

Prasert was charged in the Criminal Court earlier this week.

nationlogo.jpg

-- The Nation 2010-10-20

Link to comment
Share on other sites
Guest
This topic is now closed to further replies.
 Share
Go to topic listing

  • Recently Browsing   0 members

    • No registered users viewing this page.








×
×
  • Create New...
""