Thailand Live Monday 1 Nov 2010

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Muang District in Satul Evacuated

The governor of Satul province has evacuated residents in Muang and Chalung districts to higher ground after heavy rains inundated the area. Songkla is also experiencing heavy flooding in at least four districts.

-- Tan Network 2010-11-01

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HM the King Bestows Another Bt10 mln for Flood Relief

After granting an initial sum of Bt10 million during the start of the flooding, His Majesty the King has given another Bt10 million of personal funds to help the flood relief effort.

-- Tan Network 2010-11-01

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Finance Cabinet Approves Aide for Flood Victims

The Finance Cabinet has approved further aide for flood victims. Victims whose homes were destroyed by the floods will be eligible for further government aide of up to hundreds of thousands of baht. The first round of personal aide of 5,000 baht will be transferred via the Government Savings Bank.

-- Tan Network 2010-11-01

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Tourist Traps Hand in Escalator on Halloween Shopping Trip

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Bizarre Traffic Accident Injures Two Near Sattahip

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PM Refuses to Confirm Reinstatement of DPM Suthep

Prime Minister Abhisit Vejjajiva has refused to confirm that he will be reinstating former Deputy Prime Minister Suthep Thaugsuban after Saturday's by-election. When asked about the issue, Abhisit took a "wait and see" stance. Suthep had resigned from his post of deputy prime minister in charge of national security to field in the Surat Thani by-election. After winning a landslide victory on Saturday, speculation is rampant as to whehter or not the prime minister will reinstate him.

-- Tan Network 2010-11-01

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EXPRESSWAY CRASH

The accident claims latest victim, bringing death toll to nine

A 36-year-old woman on Monday became the latest victim of the fatal crash which saw a van plunge off an expressway on Sunday, bringing the number of death toll to nine.

Orashorn Boonjeu was among eight seriously injured passengers of the ill-fated van. She was admitted to the Rajvithee hospital after accident. Doctors said she succumbed to death on Monday morning.

Police said that a speeding van swerved and hit an expressway wall near the Rama VI exit before plunging onto the road near Samsen School at about 5pm.

The van then burst into flames and half of the 16 passengers on board died at the scene

Three men and five women died at the scene and eight others injured.

Doctors are still worried of other wounded passengers as they are still in critical conditions.

-- The Nation 2010-11-01

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Speeding Van Falls Off Bangkok Expressway, Killing At Least Eight

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Flood hits four districts of Songkhla; Nathawee Hospital speeds patient evacuations; Satun, Narathiwat also inundated /MCOT

113 schools in Songkhla forced to close due to floods, some schools close definitely awaiting flood status reports as rains continue /MCOT

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Thai police arrest Nigerian national with nearly US$47,000 in heroin

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22 provinces remain inundated, death toll at 105

The Civil Disaster Prevention and Mitigation Department announced Monday that 22 provinces remain inundated and 105 people have been reported killed in flooding.

The death toll included three foreigners, the department said.

The department announced that 38 provinces have been hit by floods from October 1 until November 1 and waters have receded in 16 provinces.

So far, 4,128,373 rai of farmland had been affected. A total of 1,114,682 families or 3.58 million people from 7,475 villages in 126 districts have been affected.

-- The Nation 2010-11-01

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PM: Bt20bn from central fund to compensate flood victims

Prime Minister Abhisit Vejjajiva said Monday that the government will spend some Bt20 billion from the central fund to compensate flood victims nationwide.

He said the compensations for damaged farm products and the Bt5,000 cash handout for each family of flood victims might amount to Bt20 billion.

He said the government has decided to have branches of Government Saving Bank distribute the Bt5,000 cash to the families.

So far, 630,000 families have been registered as being eligible for the Bt5,000 handout. The number is rising as southern provinces have also been hit by floods, the prime minister said.

The bank would start distributing the money next week, he said.

-- The Nation 2010-11-01

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Inflation up 2.8% in Oct, as 2010 inflation rate projected at not over 3.5%; floods won't have much impact on inflation: Commerce Ministry /MCOT

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Phuket in for harsh weather: MET

A satellite image of cloud cover over the region at 7am today.

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PM's Aid Denies Involvement in Bribes in Police Reshuffle

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Police Set for People's Alliance Rally

The national police office has warned the People's Alliance for Democracy not to violate the law while rallying against the House's consideration of the minutes of the Thai Cambodian joint border committee.

Royal Thai Police spokesman Police Major General Prawut Thawornsiri said the Metropolitan Police commissioner will decide how many police officers will be in charge of handling tomorrow's rally by the People's Alliance for Democracy, or PAD.

The PAD and yellow shirt supporters plan to rally outside the Parliament House against the planned deliberation of the minutes of the three recent meetings of the Thai Cambodian Joint Border Committee.

Prawut said the Metropolitan Police Division 1 commander will be overseeing security for the rally.

He believes tomorrow's gathering will not spiral out of control but warned demonstrators against blocking access to roads or the use of loudspeakers.

He said the yellow shirt people could face the same legal action as the red shirt group has if they broke the law.

The spokesman expected the PAD to end its gathering when the House meeting adjourns.

Prawut also said the city police will ask Cambodia to help locate the whereabouts of red shirt leader Arisman Pongruengrong.

Arisman remains at large after the crackdown on the violent red-shirt protests in May and is believed to have taken refuge in Cambodia.

-- Tan Network 2010-11-01

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Heavy flooding in Thailand forces closure of nearly 800 schools

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Ice In Beer, Yea Or Nay?

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Microsoft (Thailand) appoints Synnex as software distributor

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New Kamala - Kathu Road touted for Phuket

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DSI may wrap up probes into 89 deaths this week: Tharit

The probes into the deaths occurred during the crackdowns on red-shirt protesters in April and May are about to be wrapped up son, the chief of the Department of Special Investigation said Monday.

DSI Director-General Tharit Pengdit said 12 investigative panels were about to wrap up the probes.

Tharit said if the investigations are wrapped up this week, the DSI would announce the finding's results on the case-by-case basis.

The probes would tell who were involved in the deaths, Tharit said.

-- The Nation 2010-11-01

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SET index closed at 1,003.24, up 18.78; Bt/USD29.75; GBP47.60; AUD29.16; EUR41.39; CAD29.16; HKD3.83; SGD22.91; JPY36.68

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BULL MARKET

SET above 1,000 points in 14 yrs

By The Nation

The Stock Exchange of Thailand today broke the psychological barrier to end the day at 1,003.24 points, for the first time in 14 years.

The market gained 18.78 points or 1.91 per cent today, on turnoer of Bt39.84 billion. Local institutional investors were net-buyers today, while the sale orders of foreign and local individual investors outpaced their purchases.

So far this year, the market has advanced 36 per cent in baht term and 52 per cent in dollar term.

SET President Charamporn Jotikasthira attributed the bullishness to greater confidence among local and foreign investors.

This year, the Thai market also sets several records. The daily turnover this year has averaged Bt26.96 billion, showing the greater liquidity. The market capitalisation hit a new record at Bt8.06 trillion as of October 15, or 84 per cent of gross domestic product. The number of active accounts also hit a new high at 178,000 accounts in September. The total number of trading accounts has exceeded 15 million.

The market's price-earning ratio as of October 29 was 15.4 times. This would allow listed companies to raise funds a lower cost and draw more listed companies, he said.

-- The Nation 2010-11-01

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Thailand's Flood Crisis Hits South, Clears Hospital

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5 Thai mobile operators to provide number portability service, NTC confirms

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UPDATE: FC Phuket star clings to life at Bangkok Hospital

Mr Ahmed is rushed for treatment after his collapse during

the second half of the game against Chainat FC at Surakul

Stadium on Saturday night. Photo by Apinun Saitong.

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[Maestro]

to be continued

Thailand Live Tuesday 2 November 2010

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