Returns on long-term government bond yields fell to a record low on Aug 29, according to TBMA data. Return on the five-year bond plummeted to 1.34%, while the 10-year bond saw yield dip to 1.43%. The government bond yield curve is trending flatter, reflecting lower returns across different maturity periods of Thai government bonds, Mr Tada said. As a result, total foreign net outflows into Thai bonds stood at 75.7 billion baht between January and September. Non-resident net outflows totalled 41.9 billion baht in the first quarter amid the US-China trade dispute.
October 11, 2019 23:44 UTC
PTT urged to accelerate gas businessEnergy Minister Sontirat Sontijirawong has pledged government support for PTT's gas business at the regional level. The Energy Ministry has ordered PTT Plc, the national oil and gas firm, to accelerate its gas business so that the country can become a liquefied natural gas (LNG) trading hub in Southeast Asia. He said PTT has 40 years' experience in the gas business and owns an integrated gas infrastructure. Wuttikorn Stithit, PTT's senior executive vice-president for gas business, said PTT is testing its gas trading business. PTT entered the LNG business through PTT LNG by constructing a receiving terminal in Map Ta Phut in 2011.
October 11, 2019 23:40 UTC
Merchants told to avoid handout hypeA banner at a Tesco Lotus hypermarket promotes the Taste-Shop-Spend scheme to lure shoppers. The Finance Ministry has blacklisted some operators for inappropriate actions under the scheme. The Finance Ministry has received complaints that some merchants are touting discounts or unrelated promotions to get recipients to spend the entire 1,000-baht cash handout at shops. "The Finance Ministry will randomly survey participating shops in provincial areas next week," he said. The Finance Ministry will bring the second phase before the cabinet this month.
October 11, 2019 23:40 UTC
Why FFP must learn art of compromiseFuture Forward leader Thanathorn Juangroongruangkit has made no secret of the party's desire to dismantle the pillars of the old regime. FFP secretary-general Piyabutr Saengkanokkul claimed that Judge Khanakorn had previously complained to the party of intervention in the case he was presiding over. Mr Piyabutr said the party had received the judge's 25-page statement which implicated senior judges. No matter what the probe's outcome, the move by the FFP has drawn mixed reactions, with some cheering and others cursing. FFP spokesperson Pannika Wanich recently landed herself in trouble for stating that all sections in the current constitution "suck".
October 11, 2019 23:32 UTC
Woman blames hospital for hubby's deathKingkan Muenharn, 38, holds a placard reading 'Doctor's misdiagnosis killed him', while her son carries a portrait of his father, Supachai Athiphak, 45, at the Crime Suppression Division yesterday. The mother and son lodged a complaint against the private hospital that treated Supachai shortly before his death on Oct 6. Apichit JinakulA woman yesterday lodged a complaint with the Crime Suppression Division (CSD) against a doctor and a privately run hospital in Bangkok over the death of her 45-year-old husband who died hours after seeking medical treatment. According to the complaint, Supachai went to the hospital on Oct 6 with chest pains and weakness in his left arm. Later that night, Supachai went into cardiac arrest and died before emergency services arrived, according to Ms Kingkan.
October 11, 2019 23:24 UTC
Various dinosaur bones are also exhibited at the Phu Wiang Dinosaur Museum. The dinosaur was named after the Phu Wiang National Park, where its fossils were located. Experts say that Phu Wiang National Park was home to at least four different dinosaur species. At present, Satun Geopark is the only site in the entire country which has been recognised as an Unesco Global Geopark. Before the global geopark application is sent to Unesco, Phu Wiang National Park must first be upgraded to a National Geopark.
October 11, 2019 23:15 UTC
US regulators block Telegram from raising funds through cryptocurrencyMessaging app Telegram has 300 million monthly users worldwide and raised more than $1.7 billion in funds in the US and overseas through a cryptocurrency issue. NEW YORK: US securities regulators won an emergency court order Friday to block the messaging application Telegram Group from raising funds by selling unregistered cryptocurrency to investors. The US Securities and Exchange Commission said Telegram sold 2.9 billion digital tokens called "Grams" without registering the tokens as securities and disclosing risks to investors. The company, whose encrypted messaging program Messenger has some 300 million monthly users worldwide, raised more than $1.7 billion in funds from US and overseas investors. The SEC in the past year has ramped up its efforts to combat companies raising funds through questionable digital currencies, which it said are ripe for potential fraud.
October 11, 2019 22:18 UTC
Pompeo urges NBA to stand up to ChinaUS Secretary of State Mike Pompeo was applauded as he denounced China's treatment of its mostly Muslim Uighur population. WASHINGTON: US Secretary of State Mike Pompeo on Friday urged the NBA to stand up to China, wading into a row as Beijing pressures the basketball league after a team official expressed support for pro-democracy demonstrations in Hong Kong. "The Chinese Communist Party is detaining and abusing more than one million Uighur Muslims in internment camps in Xinjiang," Pompeo said. That prompted the Chinese government to end sponsorships for the team and league and drop planned NBA telecasts in China, with huge NBA logos and banners stripped off buildings. The NBA on Friday dropped all media events on a tour of China, which has become a huge market for professional basketball.
October 11, 2019 21:56 UTC
Standard Chartered Thai predicts policy rate cutThe Bank of Thailand is expected to cut the policy rate to a record low of 1.25% at next month's meeting to help spur the country's economic growth, according to Standard Chartered Bank Thai. There are two more Monetary Policy Committee meetings this year, on Nov 6 and Dec 18. The central bank left the policy rate unchanged at 1.50% on Sept 25 after a surprise 25-basis-point cut in August. The deteriorating relationship between the US and China was the survey respondents' biggest concern, followed by monetary policy becoming ineffective, Mr Tim said. Standard Chartered predicts the baht to hover around 30.50 to the US dollar during October and November before weakening to 31 by year-end.
US-China trade optimism buoys regional boursesRecap: Investor risk appetite revived yesterday in response to progress in US-China trade talks, with big gains across Southeast Asian bourses. Institutional investors were net buyers at 3.3 billion baht and foreign investors bought 1.6 billion. Retail investors were net sellers of 2.97 billion baht and brokerage firms offloaded 1.97 billion baht worth of shares. Technical view: Maybank Kim Eng Securities Thailand sees support at 1,615 points and resistance at 1,650. RHB Securities Thailand sees support at 1,580 and resistance at 1,670.
Apirat says Thaksin provoked insurgentsArmy chief Apirat Kongsompong yesterday accused the Thaksin Shinawatra administration of complicating the southern insurgency problem. After disbanding the SBPAC, Gen Apirat said that former prime minister Thaksin had used the term chon krachok, or "small-time crooks", to describe insurgents which he said had only inflamed the situation. "That was the start of a new round of violence," Gen Apirat said. During a rare public speech at the army headquarters, Gen Apirat said yesterday that criticism of the current government for failing to solve the insurgency is unfair. One major incident that reflected this intensification was the bombing of various areas of Bangkok in early August, said Gen Apirat.
Army chief Gen Apirat Kongsompong describes how His Majesty the King fought against communists in Loei province in 1976, during a special lecture on national security at the Royal Thai Army Headquarters in Bangkok yesterday. Propaganda in Thailand is severe and worrying," the army chief said. Those soldiers were the people who sacrificed themselves in battles beside kings," the army chief said. The army chief also voiced fierce opposition to a proposed amendment to Section 1 of the constitution. The army chief did not name the politician but showed a picture of the Hong Kong activist and another person whose picture was removed.
The Thailand Golf Association aims to make a clean sweep of four gold medals at the SEA Games in the Philippines in December. The men's team will be led by US-based Thanapat Pichaikul who is studying at Mississippi State University. Atthaya, centre, and her teammates celebrate with their team gold medals at the 2017 SEA Games. She also swept the individual and team gold medals at the 2017 SEA Games in Malaysia. Thailand and the Philippines see each other as their main rivals at the SEA Games.
Longstaff caps astonishing weekendA refreshing number of feel-good stories featuring young strikers emerged in the Premier League last weekend, which also witnessed the rare sight of both Manchester clubs suffering embarrassing defeats on the same day. It was a particularly memorable occasion for 19-year-old Matty Longstaff who, in a dream debut for Newcastle, scored a cracking winner against Ole Gunnar Solskjaer's dispirited side at St James' Park. Other famous Newcastle players who have scored on their Premier League debut include Les Ferdinand, Duncan Ferguson and Papiss Cisse. He is known as one of the fastest players in the Premier League, but has a reputation of letting himself down with poor finishing and choice-making which frustrates his teammates. Just like Longstaff, the young Irishmen didn't know what to say.
Theerathon, who plays for J-League club Yokohama F Marinos, said: "It [injury] is something that shouldn't have happened. It will be an important match for our team and I will try my best to be fit for the UAE match." "This was my first match under coach Nishino and I am happy that he gave me the chance," said Teerasil. "Right now we are without Chanathip so I hope that Theerathon will recover in time for the UAE match. "We will have the advantage of playing at home on Tuesday but I am not expecting an easy game against the UAE.