KBank keen to buy Indonesian banks

The regulations require foreign banks to buy more than one bank, and that the targets must not be strong institutions. While Indonesia has very high potential for KBank and the takeover of local banks is an option, the requirement that foreign banks have to purchase more than one bank is something that it might not be particularly comfortable with, he said. The Bank of Thailand acknowledges this concern, he said, adding that market entry via the Qualified Asean Banks (QAB) scheme is another potential solution for KBank. The best solution right now for KBank is therefore seen as the continued partnership with two local banks in Indonesia, he explained. Lending growth, meanwhile, supported net interest income, for which KBank recorded year-on-year growth of 5.5 per cent to Bt89.67 billion.

January 18, 2017 18:04 UTC

Change of plan in bid to arrest fugitive monk Dhammachayo

The monk, believed to be hiding in the temple, is wanted for money-laundering charges linked to a high-profile embezzlement case as well as separate land-encroachment cases. Paisit said the vast temple currently had up to 3,000 disciples on site. Justice Minister Suwaphan Tanyuvardhana’s has instructed the agency to begin negotiations to secure the monk’s surrender or arrange other legal actions to bring the monk to trial.

January 18, 2017 18:04 UTC

Gaysorn details ‘branding revolution’ for its luxury outlets

Charn Srivikorn, chairman of Gaysorn Property Group, said investment in the first phase – which includes Gaysorn Tower and a 17,000-square-metre retail-space development at the tower and Gaysorn Plaza – would exceed Bt3.47 billion. New office space is being developed simultaneously at the 20,000sqm Gaysorn Tower and the 18,000sqm Amarin Tower, plus 5,400sqm of more office space for rent at Gaysorn shopping mall. The second phase of development involves renovation of Amarin Plaza, which the group acquired a decade ago, for completion in 2020. Gaysorn Village involves total project space of more than 180,000sqm, including retail space, which will be tripled from 17,000sqm to 47,000sqm when Amarin Plaza’s renovation is completed in three years. All the group’s properties in the new development project – Gaysorn Shopping Centre, Gaysorn Tower, Amarin Plaza and Amarin Tower – will become one under the new |logo “g”.

January 18, 2017 18:04 UTC

THAI launches probe into Rolls-Royce bribery charges

Thailand is among seven countries named by the United Kingdom’s Serious Fraud Office (SFO), which found conspiracy to corrupt or failure to prevent bribery by Rolls-Royce, involving payment of US$18.8 million (Bt663 million) to regional intermediaries. “Some of the money was for individuals who were ‘agents of the State of Thailand and employees of Thai Airways’,” the SFO said. The SFO revealed 12 counts of conspiracy to corrupt or failure to prevent bribery also in six other countries – Indonesia, India, Russia, Nigeria, China and Malaysia. The payment will comprise 479 million pounds (Bt29.1 billion) plus cost to the UK’s SFO, 141 million pounds to the US Justice Department, and another 21.5 million pounds to Brazilian regulators. “The behaviour uncovered in the course of the investigations by the Serious Fraud Office and other authorities is completely unacceptable and we apologise unreservedly for it,” he said in a statement.

January 18, 2017 18:04 UTC

Armani pours on the Charmani

You can also check out the new clothes and accessories including wristwatches from Emporio Armani and Armani Junior at the Yen Arkart Villa Gallery. The Emporio Armani men’s and women’s collections evoke the brand’s customary spirit of belonging balanced against individualism. The colours are typical of Emporio Armani – navy and denim blue and urban greens paired with greys and touches of red, orange and electric blue. Watch choices in the Emporio Armani Swiss Made Spring 2017 Collection reflect the fluid, graceful lines of the Art Deco movement of the 1930s and ’40s. The brand’s dynamic styling meets modern technology in the Emporio Armani Connected hybrid smartwatch and other timepieces with the added benefits of wearable technology.

January 18, 2017 18:04 UTC

Party fun and sober showings

BRITISH CLOTHING brand Topman Design revived the country’s 1990s rave culture for its London Fashion Week show, dazzling the catwalk with fluorescent colours, psychedelic prints and underground attitude. The winter 2017 collection was “heavily influenced by the pubbing and clubbing scene,” according to the label, featuring pub paraphernalia, hand-drawn prints and 90s “rave graphics and neons”. “This gives the look of working in the outdoors all day and clubbing all night,” Topman said. “With this super fun, youthful and stylishly scruffed-up collection, Topman Design has proven once again why it is a firm favourite for so many millennials,” –children born between the early 1980s and early 2000s -–– said the GQ review, calling the collection “explosive”. London Fashion Week Men’s featured more than 50 shows with the country’s blossoming male fashion industry showing little sign of being dented by the Brexit shock.

January 18, 2017 18:04 UTC

From the South Side to Harvard

IN 2008, Michelle Obama was tentative on the campaign trail, wary of saying anything to jeopardise her husband’s historic bid to be America’s first black president. Once a reluctant “mum-in-chief”, the tall, toned Princeton and Harvard graduate – America’s first black first lady – has evolved, becoming a singular voice for women and a political dynamo. “One of the most intriguing things about Michelle Obama is that she represents so many things to so many different people,” says Peter Slevin, a professor at Northwestern University’s Medill School of Journalism and the author of “Michelle Obama: A Life”. At first, Michelle Obama focused her attention on getting the couple’s two young daughters, Malia and Sasha, settled into their new home. Life changes and she’s young,” Lawless says.

January 18, 2017 18:04 UTC

Thailand unveils campaign to attract tourists from Asean nations

The Tourism Authority of Thailand announced the national tourism campaign for 2017 last October. Last year, arrivals from the |Asean nations to Thailand numbered 8.6 million. This year, the number of tourists from Asean nations is expected |to be 9.20 million, 5.0 per cent more than last year. In addition, Thai tourism executives participated in meetings of the Asean tourism ministers as well as representatives from Japan, China, South Korea and Russia during the event. Yuthasak said TAT would be the host country for the next Asean Tourism Forum, to be held in Chiang Mai from January 22-26, 2018.

January 18, 2017 18:04 UTC

Prayut orders complete surveys of flood damage

“The prime minister has issued the order out of concern for the flood victims,” Chatchai Promlert, director-general of the Disaster Prevention and Mitigation Department, said yesterday. PM’s Office Minister Ormsin Chivapruck said the government would pay Bt50,000 to each of the families of those who lost their lives. “The prime minister will himself hand over the compensation in the form of cheques to some families,” he said. Train services in Nakhon Si Thammarat remain suspended. PM’s Office Minister Ormsin said the government was considering distributing portable radios to people in flood-risk areas so that could tune into weather forecasts and early warning announcements.

January 18, 2017 18:04 UTC

Czech man wanted by Interpol and suspected to have HIV, arrested in Phuket

Czech media reports said Pfeifer fled the country in 2015 after he was charged with deliberately infecting more than a dozen men with HIV, including a minor. The suspect has admitted he was Pfeifer but police will perform DNA testing to confirm his identity. Phuket police said questioning the suspect had not produced any useful information because he claimed that he could not understand English. The deputy police spokesman said the suspect had the right to determine if he would undergo HIV testing. When the officer returned, however, the suspect was gone and the police said he might have had a spare key.

January 18, 2017 18:04 UTC

Merkel to try for 4th term at election Sept 24 | Bangkok Post: news

Angela Merkel: To face voters again on Sept 24 (EPA photo)BERLIN - Germany looks set to hold its federal election on Sunday 24 September, with Chancellor Angela Merkel seeking a fourth term in office and the anti-immigrant Alternative for Germany party expected to enter the national parliament for the first time. Government spokesman Steffen Seibert said on Twitter that the cabinet had suggested that date to the president, who has the final decision but tends to agree with the government's proposal. Merkel faces a tougher re-election campaign than previously after allowing more than a million migrants from the Middle East, Africa and elsewhere to enter the country in the last two years. The Social Democrats (SPD), junior partner in the ruling coalition, also edged up by one point to 21 percent while the AfD shed one point, falling to 11 percent. A poll published earlier this month showed refugee policy will be the biggest issue for voters in the election.

January 18, 2017 17:31 UTC

Allegations cloud ex-teacher's fight for justice | Bangkok Post: news

Deputy permanent secretary for justice Pol Col Dusadee Arayawut said on Wednesday three new witnesses would testify during the three-day hearing to back Jomsap’s claim. Pol Col Dusadee would not give details about the witnesses and the new evidence. Jomsap earlier told the media that Mr Sap would appear in court as her key witness. The justice deputy permanent secretary said his team stepped in to help Jomsap after she lodged a petition with the Justice Ministry. Pol Col Dusadee declined to comment on police’s remarks that a group of fraudsters had tried to portray Jomsap as a scapegoat in order to gain financial compensation.

January 18, 2017 14:45 UTC

Beacon for peace in far South is extinguished

The arrest warrant for Sapae-ing was signed off by Thaksin’s point-man for the far South, Police Colonel Thawee Sodsong, on December 14, 2004. Thai security planners eventually learned about Sapae-ing’s integrity, together with his strong religious credentials, and sought his help to end the conflict. According teachers at Thamvithya School, Sapae-ing liked to patrol beer joints and hangouts after school to see if any of his students were there. Sources in the BRN said Sapae-ing would be greatly missed but their fight against the Thai security forces would continue until they achieved their aims. Don Pathan is a Thailand-based security consultant and a member of Patani Forum (www.pataniforum.com), a civil society organisation dedicated to critical discussion on the conflict in the far South.

January 18, 2017 14:23 UTC

OIC will push Myanmar to halt Rohingya crisis | Bangkok Post: news

Malaysia, which has urged Myanmar to stop what it calls a policy of genocide towards Rohingya, is hosting a meeting of foreign ministers from OIC nations in Kuala Lumpur on Thursday to discuss the crisis. Malaysian Foreign Minister Anifah Aman said the matter is worrying to the OIC because it was established to protect the Muslim community. He said the OIC envoy for Myanmar, Syed Hamid Albar, will brief the ministers from the 57-member OIC about the crisis. Anifah said Malaysia will push for Myanmar to allow "unimpeded access for humanitarian assistance to reach the Rohingya.'' "Despite concerns voiced by governments and human rights organisations ... the situation across Rakhine state continues to worsen, and tensions continue to rise,'' the groups said in a statement.

January 18, 2017 14:21 UTC

Thailand-Cambodia rail link delayed again | Bangkok Post: news

The track between Aranyaprathet district in Sa Kaeo and Poi Pet town in Cambodia is already connected. The rail line was scheduled to be connected by the end of 2016 and officials repeatedly said the official launching ceremony would be early this year. Only one kilometre of track remains unfinished because compensation issues with people living along the rail line in Poipet have not been solved,” Simsorya said. Economic experts have said that linkage of the two countries by rail will contribute to boosting two-way trade volume by facilitating travel and the transport of goods. “Foreign investors like the Japanese and [South] Koreans may come to Poipet because Cambodia has cheaper labour than Thailand.”

January 18, 2017 12:40 UTC

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