A brokerage house believes the baht will retreat to 35 against the greenback at year-end. He believes the Bank of Thailand has been stepping into the foreign exchange market since the baht hovered just above 35 to the dollar. Phatra Securities forecasts the baht will retreat to 35 to the dollar at the end of this year. "We expect the Bank of Thailand will stand pat on its policy rate throughout this year," said Mr Pipat. "I believe the Bank of Thailand will not be in a rush to raise its rate.
"Toyota is looking forward to exporting HEVs from Thailand in the future," he said. "Toyota's EV production plan will focus largely on HEV models, as PHEVs (plug-in hybrid electric vehicles) and BEVs (battery electric vehicles) require higher technology." Mr Ninnart said the company is also conducting a feasibility study to establish its own local battery manufacturing facility to serve Toyota's HEV production in the long run. The BoI's privileges, focusing on production of HEVs, PHEVs and BEVs, include tax holidays of 5-8 years. The cabinet also yesterday approved a raft of measures to be offered by various ministries to support electric car production in Thailand.
Mr Chanond says its partner's Japanese smart city project can be used as a model. SET-listed Ananda Development Plc has floated the idea of a smart city in Bangkok's metropolitan area. The plan is one of Ananda's major longer-term projects aimed at creating a higher standard of living in the city through innovations, Mr Chanond said. "We could learn a lesson from our partner Mitsui Fudosan, which has spent more than a decade developing Kashiwa-no-ha Smart City. The Japanese smart city is not only for residential but also new industries and services to accommodate the people living there.
Thailand suffered another heavy defeat in their World Cup qualifying campaign last night when they were beaten 4-0 by Japan in Saitama. With the win, Japan move closer to their sixth consecutive World Cup appearance. They have 16 points from seven games in Group B of Asia's final qualifying stage for the 2018 World Cup. The top two teams of Group A and Group B earn tickets to Russia 2018. It was Japan's second win over Thailand in the Group B fixtures having won 2-0 in Bangkok last year.
AoT-run airports saw passenger traffic surge in January and February, thanks to the New Year and Lunar New Year. TAWATCHAI KEMGUMNERDThailand's six main airports recorded a robust rise in passenger traffic and aircraft movements in the first two months of 2017. Propelled by holiday travels, the total number of passengers passing through those airports, including gateway Suvarnabhumi, jumped 7.7% to 23.3 million during January-February. Suvarnabhumi showed the smallest growth in passenger traffic compared with five other airports but still handled the largest numbers at 10.8 million. Phuket airport boosted passenger traffic by 9.1% to 3.13 million, while Chiang Mai showed nearly similar growth, at 9.8% to 1.9 million.
The Thai Bankers' Association (TBA) says the updated code of conduct for the banking industry will provide common guidelines governing business practices for all employees in the sector. Fifteen commercial banks yesterday signed contracts and declared their intentions to comply with the new code of conduct. Kasikornbank president Predee Daochai, also chairman of the TBA, said the updated code of conduct is part of the association's five-year strategy starting from 2015. The industry's first code of conduct was arranged in 1994, and each individual bank's code of conduct was fashioned to comply. Each bank will apply the new code of conduct in setting operational standards and communicating with and training employees, Mr Payong said.
SuperStar Gemini will run short cruises while based at Laem Chabang port for five months from December this year. Star Cruises, the third-largest cruise line in the world, will use Laem Chabang as the home port for its SuperStar Gemini liner in a move set to support the country's maritime tourism business. The Hong Kong-based cruise line yesterday announced it will base SuperStar Gemini at the Laem Chabang deep-sea port in Chon Buri for five months, from Dec 17, 2017 to April 27, 2018. This will support the government's scheme of enhancing Thailand's capacity to serve maritime tourism this year," he said. While in Laem Chabang, SuperStar Gemini will offer three packages including a three-night cruise to Sihanoukville, Cambodia and Koh Samui and a two-night cruise to Sihanoukville and Koh Kong in Cambodia.
PATTANAPONG HIRUNARDLine Thailand is scaling up its free online video content service as the mobile messaging app company looks to capitalise on the rapid growth pace of online video advertising spending. Founded in late 2014, Line TV offers combined linear TV-like and YouTube-like video content. The number of users watching Line TV every day increased from 10% of total Line TV users last year to 59% in 2017. To further boost its audience, Line TV has added two more video content categories: beauty and sport. Half of Line TV users are aged 18-25, while 35% are 25-35 and the remainder are over 35.
Thepchai Yong (with microphone) and other media representatives have strengthened their opposition to any new body to oversee the free press. (Bangkok Post file photo)Five media organisations reaffirmed their opposition Tuesday to a bill aimed at setting up a new body to regulate the media, saying this is unnecessary as the mainstream media has refrained from taking sides in times of political conflict. After about three hours of talks, Mr Thepchai said the media groups had made clear to the sub-committee that they have never served as political pawns. The five media groups also submitted a five-point statement to Deputy Prime Minister Prawit Wongsuwon in his capacity as deputy chairman of a committee tasked with paving the way for reconciliation, said Mongkol Bangprapa, secretary-general of the Thai Journalists Association. The media already have their own professional code of ethics and are also subject to Thai defamation, criminal, computer crime and other laws, he said.
Leilani Farha, a Canadian, is the special rapporteur on the right to housing, appointed by the United Nations Human Rights Council. In Spain, more than half a million foreclosures between 2008 and 2013, resulted in over 300,000 evictions, and in Hungary almost one million foreclosures took place between 2009 and 2012. But national and local governments that recognize the effects of this human rights debacle have started to fight back. Governments play a pivotal role in regulating and overseeing domestic and international financial markets -- as such, they must be held accountable for their human rights obligations. The balance of power needs to shift to human rights because housing is more than just a cash transfer.
Attempts to change the requirements for science teachers have failed and the Minister of Education will 'adjust' his reform campaign. (Bangkok Post file photo)The Education Ministry has bowed to pressure from academics who have criticised its policy to allow graduates who do not hold a degree in education to enter the teacher recruitment process. Currently these graduates are allowed to enter the teacher recruitment process in 61 subjects, but the number would be cut down to 25. However, those who do not hold a degree in education would be allowed to sit for the recruitment exams in those 25 subjects only this year. The eight subjects with teacher shortages are science, general science, chemistry, physics, biology, mathematics, English and German.
(Bangkok Post file photo)Passenger van operators are threatening to stop their services from this Friday if Prime Minister Prayut Chan-o-cha does not relax new traffic rules which require safer public van services. Some regulations are worrying the operators who complain they cannot shoulder the higher expenses required to adjust their vehicles. The association and passenger van operators granted concessions from the state-run Transport Co will stop their services "if there is no clear answer" from the government, association chairman Rangsan Saisut said. Their requests for leniency cover rules on passenger seat limitations as well as seat belt requirements. In Kanchanaburi, 75% of 200 passenger vans now have the devices.
The government has dismissed claims that the military will seek to control national energy resources via a national oil corporation (NOC) proposed under the new petroleum bill, and is blaming an energy activist group for pushing the controversial energy body. He also claims seven NLA committee members, six of whom are military officers, visited him to lobby for its inclusion. The prime minister denied this was done so the military could take over the management of national energy resources via the Defence Energy Department. But if the group does not receive clarification from the prime minister it will stage a demonstration near Government House until the bills are withdrawn, Mr Parnthep added. NLA whip spokesman Jate Siratharanont denied reports that efforts had been made to lobby the NLA committee on energy to set up the NOC.
World No.7 Ratchanok Intanon will begin the defence of her India Open title in New Delhi on Wednesday. The 22-year-old Thai, who is the fifth seed this week, will take on world No.85 Gao Fangjie of China in the opening round of the women's singles. Although Gao is ranked much lower than Ratchanok, the Thai said she would not underestimate her opponent. An early exit at the 2016 Olympics was followed by a string of setbacks as she ended the year with a poor showing at the World Superseries Finals. Also in the women's singles at the India Open, world No.12 and eighth seed Busanan Ongbamrungphan will meet Chen Xiaoxin of China, while No.38 Pornpawee Chochuwong will face Hsu Ya Ching from Taiwan.
At home, Mr Putin reigns supreme, with approval ratings around the 80% level. Mr Putin is undeniably a master manipulator both at home and abroad, and he has good reason to be pleased with his accomplishments. And yet ...Mr Putin has played a weak hand internationally with great skill, but Russia really is weak. Mr Putin's real vulnerability is at home. In fact, Russia may be at peak Putin right now, with only mounting troubles in his future.