InTouch schemes disruption | Bangkok Post: business

Intouch Holdings chief executive Philip Tan says data usage in Thailand is expected to surge 100% this year. The number of mobile internet users in Thailand was 50 million last year, with a total 60 million smartphone users. InTouch saw a sharp decline of 21% in net operating profit to 12.7 billion baht last year on falling revenue from satellite and mobile services. "We might seek alternatives other than launching our own satellite, if we cannot settle a win-win resolution with the government by June," Mr Philip said. "With our 25-year experience of satellite business, the government should support our survival for national pride," said Mr Philip.

February 22, 2017 23:52 UTC

Half a million new credit card machines to be installed | Bangkok Post: business

Stickers showing a variety of credit cards accepted are displayed on the door of a shop in Bangkok. Authorities expect credit card use to rise this year as the e-payment system takes root. Thailand has around 24 million credit cards issued. Krungsri Consumer is the industry's largest credit card player in terms of card base with around 3.8 million in circulation. Currently Krungsri Consumer's credit card spending per card per month is 5,800-5,900 baht.

February 22, 2017 23:52 UTC

Exim providing new SME loans | Bangkok Post: business

The Exim Bank office on Phahon Yothin Road. The state bank has launched new loans with export credit insurance. PATTANAPONG HIRUNARDThe state-owned Export-Import Bank of Thailand (Exim Bank) has rolled out a low-interest rate loan scheme bundled with free credit insurance, targeting small and medium-sized enterprises (SMEs) engaged in exports. The credit insurance covers 90% of exporters' losses in case buyers fail to pay for products, Mr Pisit said, adding the credit insurance will encourage exporters to enter markets. At the moment, Exim Bank cannot offer credit insurance services for some destination countries under UN sanctions, which include North Korea, Iran, Iraq, Lebanon and Venezuela.

February 22, 2017 23:51 UTC

Prawit repeats: Amnesty not on reconciliation table | Bangkok Post: news

Deputy Prime Minister and Defence Minister Prawit Wongsuwon insisted yesterday the reconciliation process does not include an amnesty plan. Gen Prawit said if Pheu Thai had any suggestions, it should save them for the sub-committee headed by defence permanent secretary Gen Chaicharn Changmongkol. The government committee on reconciliation is chaired by Gen Prawit. Pheu Thai met on Tuesday to select 10 representatives led by secretary-general Phumtham Wechayachai to join the reconciliation-building process. He was reacting to media reports that Mr Jatuporn wanted to meet Gen Prawit to discuss ideas about unity-building.

February 22, 2017 23:30 UTC

University, family tussle over remains of revered monk | Bangkok Post: news

Luang Phor Khoon received a major farewell tribute after his death in Khon Kaen in May of 2015. (Bangkok Post file photo)Khon Kaen University rejected a request yesterday by relatives of Luang Phor Khoon, who want to reclaim for cremation the body of the late revered monk from the university at the end of its use for medical studies. No extravagant ceremonies are allowed and the late monk did not want anyone to request a royal-sponsored cremation ceremony for him, said the dean, citing the monk's will. He understood how they would feel if the cremation ceremony of the late monk will have to be held in Khon Kaen, said Mr Thawatchai. Not everyone can afford such a long trip to attend the ceremony, so all he could say is he still wishes the university may understand these poor followers of the late monk.

February 22, 2017 22:52 UTC



Tensions rise ahead of new temple raid | Bangkok Post: news

The operation involves more than 4,000 police, army and DSI officials who have been deployed to surround the temple. "The steps of the search cannot be revealed and we cannot say when it will end," said Pol Maj Woranan. In the afternoon, Pol Maj Suriya monitored around 600 temple followers chanting prayers at Klong Luang market opposite the temple's Gate 5. Officials also set up screening checkpoints at Gates 7 and 8, where temple followers would be allowed to leave the compound. Temple followers released a statement condemning the DSI for abusing its power by trying to seize the temple.

February 22, 2017 22:16 UTC

Sevilla edge Foxes, but Vardy scores | Bangkok Post: news

Jamie Vardy takes a header as he scores for Leicester in the match against Sevilla at Ramon Sanchez Pizjuan Stadium in Seville, Spain. (Reuters photo)SEVILLE, SPAIN - Jamie Vardy scored his first goal in the Champions League to give Leicester City some hope of staying in Europe's elite competition despite a 2-1 loss to an utterly dominant Sevilla in Wednesday's last-16 first leg. Pablo Sarabia headed the hosts into a deserved lead in the 25th minute after Kasper Schmeichel had saved Joaquin Correa's penalty. Argentine forward Correa made amends by netting in the 62nd after inspired play from Stevan Jovetic. Sevilla's class looked to have shone through but Vardy's first goal since December gives Leicester a fighting chance for the second leg at home on March 14.

February 22, 2017 22:07 UTC

Amnesty International: Thai human rights 'deteriorate' | Bangkok Post: news

Supporters of Amnesty International protest at the Thai embassy in Washington after the 2014 military coup. "The military authorities further restricted human rights" during the past year, the report said. Politicians and human rights activists faced criminal investigations and prosecutions." "Thailand observes the importance of freedom of expression and respect for human rights according to international principles. Human rights defender Anchana Heemmina further asked the government to recognise and protect human rights defenders instead of using the law to prosecute them.

February 22, 2017 22:02 UTC

PayAll app faces Bank of Thailand complaint | Bangkok Post: news

After a year of operation by owner-actor Rattapoom 'Film' Tokongsap (inset), the Bank of Thailand says the PayAll app for iPhone and Android is not properly licensed for online payments. Police on Wednesday summoned actor Rattapoom "Film" Tokongsup for questioning after the Bank of Thailand complained his PayAll Group Co Ltd illegally provided mobile-based e-money services. Rattapoom, a PayAll executive and its major shareholder, was given seven days to clarify the allegation with police investigators. Rattapoom is said to be among among five executives and holds shares worth 2 million baht. The Payall app has a user rating of 4.5 out of 5 at the Google Play store for Android.

February 22, 2017 22:02 UTC

North Korea offers opportunity for China and the US | Bangkok Post: opinion

First, the leader of North Korea, who ordered the murder of his uncle and possibly that of his half-brother, is capable of anything to safeguard his rule. Second, North Korea is rapidly approaching the point where it will be able to use ballistic missiles with nuclear payloads. But North Korea poses an existential threat to both countries (as well as to South Korea and Japan). If and when the US and China adopt a common approach to North Korea, the risk of other disputes flaring up diminishes. So the bad news about North Korea may turn out not to be so bad after all.

February 22, 2017 22:01 UTC

AoT eyes internal rail line at Don Mueang | Bangkok Post: news

Plans are under way to fit an 8km railway line inside Don Mueang International airport, covering both terminals and the parking areas. (File photo)Airports of Thailand (AoT) Plc plans to introduce an internal rail system at Don Mueang, worth at least one billion baht, to boost the airport's capacity to handle increasing passenger numbers. Under the plan, development priority will be given to airports with increasing air traffic. The department has proposed two rental fee models for non-aero areas at Suvarnabhumi airport: a 5% revenue-sharing fee and a 3% fee based on returns on assets. The AoT is holding talks over the rental fees following the expiry of its 10-year rental contract with the Treasury Department.

February 22, 2017 22:01 UTC

Super Zara indicted over NGV buses | Bangkok Post: news

The Bangkok Mass Transit Authority (BMTA) initially outfitted some buses for use, but then reversed and rejected all NGV-driven vehicles imported by Super Zara and Bestlin Group. Super Zara, which handled the import, earlier complained to the National Legislative Assembly, alleging malpractice by some customs officials. Super Zara imported the buses in five lots, so officials will gradually make indictments for each lot, he said. Super Zara claimed earlier that 90.1% of the manufacturing process to make the NGV buses took place in Malaysia. However, Super Zara earlier this month paid 40% in taxes for 390 buses and had a right to reclaim them.

February 22, 2017 22:01 UTC

Thai-owned mine allegedly polluted creek | Bangkok Post: news

This sluice from the Thai-owned Heinda Mine clearly marks where clean and dependable water turns contaminated if not downright toxix. (Photo via YouTuve/ehnadoh)A Thai-owned mine in a village in the Tanintharyi region in Myanmar was allegedly found to have released wastewater and contaminated a creek used by locals, according to a study by Naresuan University (NU). Although there are two mines, Wagon and Heinda, along the creek, Mr Tanapon said the wastewater released from the Wagon mine was diluted along the way. The water in the creek became heavily contaminated again after the Heinda mine. Water from the Heinda mine close to the villagers was also contaminated with lead and arsenic, said Mr Tanapon.

February 22, 2017 21:56 UTC

A toast to our world No.1 traffic rank | Bangkok Post: opinion

Thailand's traffic congestion has been judged worst in the world by the INRIX survey. (Bangkok Post file photo)There is some big news for us Bangkokians, and City Hall should offer up a toast this week. Thailand, or Bangkok to be more specific, has once again been listed top of a global list. Commuters in Thailand spent an average of 61 hours stuck in traffic last year, followed by motorists in Colombia and Indonesia at an average 47 hours. Sirinya Wattanasukchai is an assistant news editor, the Bangkok Post.

February 22, 2017 21:45 UTC

Scrap rail link to Hua Hin | Bangkok Post: opinion

The State Enterprise Policy Office seems to have made the right decision in delaying the nearly 95-billion-baht Bangkok-Hua Hin high-speed rail link. News reports suggest that TCC Land, owned by liquor baron Charoen Sirivadhanabhakdi, has been eyeing this 211-km project with considerable interest. What is interesting is that not many people know that firms such as TCC Land have already amassed thousands of rai of land in areas such as Cha-am. If the government sticks with its Bangkok-Hua Hin rail plan, another question is how many Thais will be using the high-speed rail link to go to the resort town. If, after 30 years, the assets of the high-speed rail route are transferred back to the state, then they would become a burden on the state in terms of keeping the route running.

February 22, 2017 21:45 UTC



Trending Today






Loading...