(Khmer Times photo)Cambodia’s rubber exports to the international market saw an increase of 33% in the first nine months of 2017, while the average price for the commodity went up 53%, compared with the same period last year. Cambodia exports the commodity to China, Vietnam, Singapore and Malaysia. Lim Heng, the vice-president of An Mady Group Co, called on the government earlier this year to consider reducing tax on rubber exports to boost domestic investment. “The rubber price is currently positive and stable because it is related to oil prices,” Heng said. China wants to import 300,000 tonnes of rubber from Cambodia by early next year, as the government works on boosting the country’s rubber output.
October 16, 2017 12:11 UTC
Minister Uttama Savanayana said on Monday that the ministry favours a system of specially zoned biotechnology areas to encourage clusters of related business start-ups. Uttama was speaking at a seminar on Thailand 4.0 issues hosted by the Board of Trade of Thailand.
October 16, 2017 11:37 UTC
The twice-daily service will commence on October 29. AirAsia Group chief executive officer Tony Fernandes said on Monday: “It’s great to be back in Japan. It hasn’t been easy, and I want to thank my partners Rakuten, Octave, Noevir and Alpen for their support and patience. “Many people thought we would give up and not bother, but we owe it to the people of Japan and our staff to keep going. The airline operates two A320-200 aircraft from its hub at Chubu Centrair International Airport.
October 16, 2017 11:15 UTC
The Philippine stock exchange was closed on Monday due to a transport strike. (EPA-EFE photo)Southeast Asian stock markets broadly ended higher on Monday, with Singapore hitting an over two-month high, reflecting strength in global equities after upbeat Chinese data. Asian shares rallied to a decade-high after figures showed China's producer prices beat market expectations, while Singapore shares extended gains for a third session on better-than-expected economic growth in the July-September quarter. In Southeast Asia, Indonesian stocks ended 0.4% higher after data showed that the region's largest economy posted a trade surplus, higher than what was recorded in August. The Philippine stock exchange was closed due to a transport strike.
October 16, 2017 11:15 UTC
The centre was designed to support 1,500 reporters, but so far 1,687 journalists have registered for state-issued passes, including 318 foreigners from 86 news agencies worldwide. During the launch presided over by PM’s Office Minister Ormsin Chivapruck, it was announced that the Public Relations Department’s radio broadcast centre and the Television Pool of Thailand, as well as the English language television stations NBT World and Thai TV TGN Global Network, would send audio and video feeds to 177 countries. The website www.kingrama9.th would also provide a live broadcast.
October 16, 2017 11:03 UTC
An anti-Trump leaflet believed to come from North Korea by balloon is pictured in this undated handout photo released by NK News on Monday. An anti-Trump leaflet believed to come from North Korea by balloon is pictured in this undated handout photo released by NK News on Monday. The text in Korean reads "For the peaceful world without war and for the future of mankind" (top) and "Butcher a mad dog Trump!" Military images and anti-US threats are common in North Korea propaganda as Pyongyang demands the United States cease what it says is its preparations for invasion. Again, Mr Trump is depicted as a dog with a human face and labelled as "mad dog Trump".
October 16, 2017 10:52 UTC
A portrait of the late King Bhumibol erected outside the Grand Palace so mourners can pay their respects around the clock. (Photo by Wichan Charoenkiatpakul)All 7-Eleven convenience stores will close from mid-afternoon on Oct 26 and wholesaler Makro's branches will also close early, the companies said on Monday. The Charoen Pokphand Group group announced its 7-Eleven stores will close from 2.30pm to midnight on the day of the late King Bhumibol Adulyadej's cremation. All True Shop stores, except its airport branches, will also close from 2.30pm and CP Fresh Mart branches will shut their doors from 3pm on that day. Siam Makro Plc announced the closure of all its stores from 3pmThey join other businesses which will close for the full day or end operations early on Oct 26 to allow staff to pay their last respects to the revered late King.
October 16, 2017 10:41 UTC
The SET index hit an all-time high 23 years ago on that day, when it closed at 1,753.73 after briefly touching 1,789 at one point. Total trading value was 66.9 billion baht, with 16.9 billion shares changed hands. The SET50 index already set a record on Monday, jumping 1.02%, or 11.16 points, to 1,105.49 in trade worth 36.8 billion baht. Foreigners were net buyers of 1.2 billion baht worth of shares, followed by local institutions (861.6 million baht) and brokers (265.3 million baht). Year-to-date, institutional investors were net buyers of 65.8 billion baht, followed by foreigners (17.9 billion baht) and brokers (13.3 billion baht).
October 16, 2017 10:18 UTC
Wiroj Faengrit reportedly confessed to the crime and claimed that the 33-year-old victim Yodchai Juntha had berated him with an insulting remark about his parents while the two men drank alcohol together the previous night. He claimed that Yodchai tried to choke him so he hit Yodchai in the head with a wooden stick before fleeing the scene. Pol Captain Worapoj Tankaew, deputy inspector at Samsen police, said Yodchai's body was found in a pool of blood at 1pm near a campsite for construction workers behind the Thewarat Market on Si Ayutthaya road in the Vajiraphayabal sub-district of Bangkok’s Dusit district. He had a severe wound above his left ear, apparently inflicted by a hard object.
October 16, 2017 10:18 UTC
Instead, Mr Puigdemont replied with a four-page letter seeking two months of negotiations and mediation. Spanish Justice Minister Rafael Catala said that Mr Puigdemont's letter didn't answer the question posed by the government. Spain's deputy prime minister is expected to respond to Mr Puigdemont's letter in more detail at an upcoming news conference. Mr Puigdemont held a banned independence referendum on Oct 1, and made an ambiguous declaration of independence last week. In Monday's letter, Mr Puigdemont also called on Spanish authorities to halt “all repression’‘ in Catalonia, referring to a police crackdown during the referendum that left hundreds injured.
October 16, 2017 10:07 UTC
Traders check the condition of tuna arranged on the floor ahead of what may be the final New Year's auction at Tokyo's Tsukiji fish market. (Kyodo photo)TOKYO: The Tokyo metropolitan government said Monday it has set the time for relocating the operations of the Tsukiji fish market to the nearby Toyosu waterfront area at between September and October 2018. The announcement came after Tokyo governor Yuriko Koike said in late August that the market, where daily fish auctions attract many tourists, will be moved no earlier than next June. The Tsukiji market was originally scheduled to be moved to the newly built wholesale market in Toyosu last November. Toxic chemicals, including benzene up to 100 times the government-set limit, were also detected in groundwater at the new site.
October 16, 2017 10:07 UTC
Pha Muang Task Force officers encountered a four-member drug-smuggling group in Tambon Mae Fa Luang, a kilometre from the Thai-Myanmar border. Officers signalled for the suspects to stop to be search, but the suspects opened fire on them. This resulted in a five-minute gunfight after which the suspects fled. Officers retrieved a sack containing 100,000 yaba pills (which typically contain methamphetamine and caffeine) and three mobile phones. They also found two motorcycles at the scene and were hunting for the four suspects as of press time.
October 16, 2017 09:56 UTC
The Princess said the sound of the bass drum should take the lead in songs played during the procession, as those who walked near the end of the third procession could not hear the rhythm. The Princess gave the suggestion to Prime Minister Prayut Chan-o-cha after attending the Sunday rehearsal of the four processions at the Royal Crematorium field at Sanam Luang. Meanwhile, HM King Maha Vajiralongkorn has suggested a change to invitation cards for foreign guests at the funeral. It was also announced that entry to Government House would be limited starting on the night of October 25. Those allowed to enter the compound would need to have a special pass noting that they were assigned to work during the event.
October 16, 2017 09:56 UTC
(EPA photo)Hotels in Bangkok's bustling old town, home to the Khao San Road backpacker enclave favoured by foreign tourists, are booked up as Thailand prepares to host the lavish funeral of its revered King Bhumibol Adulyadej next week, the hotel association said on Monday. The funeral of King Bhumibol, who died on Oct 13 last year after seven decades on the throne, will run for five days next week, with most events centring on the Grand Palace and Sanam Luang, a public square in the historic quarter. "Many Thais wishing to attend the cremation feel it would be more convenient having a place to stay nearby, so most hotels have been booked out already," Supawan Tanomkieatipume, president of the Thai Hotels Association, told Reuters. A Reuters survey of three hotels on the Khao San Road, the main artery of the Banglamphu backpacker area, found no rooms were available. "We are fully booked during the royal cremation," said Preechaya Amngeun, 23, a guest services agent at the Ibis Styles Bangkok Khaosan Viengtai, part of French hotel group Accor .
October 16, 2017 09:45 UTC
Local pig raisers protest against importing US pork at the Commerce Ministry on Sept 11, 2017. (Photo by Phusadee Arunmas)No decision has yet been made on imports of pork from the United States and pig raisers and traders worried about the possible affect on their income should remain calm, the commerce minister said on Monday. Apiradee Tantraporn said Thailand did not seal a pork imports deal with the US during the recent visit to Washington by Prime Minister Prayut Chan-o-cha. The Swine Raisers Association of Thailand has engineered a campaign against US pork for fear it could force down local prices. Reports say imports from the US would mainly comprise pig parts consumers there generally avoid eating, such as heads, giblets, legs and offal.
October 16, 2017 09:33 UTC