Advance Blog

June 25, 2020
Australian Embassy

Headlines summary as of 25 June 2020

News

  • Updates related to COVID-19:
    • Today Thailand reports a newly confirmed cases, a total of 3,158 cases. Out of the total number, 3,038 have been discharged from hospital (or at 96.2%); 62 are being hospitalised. The death toll is at 58. The new case arrived from Egypt and has been in state quarantine. This is the 31st consecutive days that there is no local transmission in Thailand.
    • At the National Infectious Disease Committee meeting yesterday, the head of Disease Control Department said in the first stage of travel bubble, Thailand aims to sign an MoU with COVID low risk countries like New Zealand, Australia, Japan, Taiwan and with some Chinese cities.

Politics

  • Deputy PM Somkid delivered a keynote speech at the Bank for Agriculture and Agricultural Cooperatives yesterday with a strong political message by saying that “If the present team cannot get the job done, they should not stay on” and that “If the new team has no ideas about how to do it, or cannot do it, then don’t come. “What is the point of change?”. It is reported that the economic czar and 3 ministers under his wing will very likely be sacked in the next cabinet reshuffle, as they lost their leadership in the main ruling Palang Pracharat Party.
  • PM Prayut attended the opening ceremony of Chao Phraya Sky Park — the first public park over the Chao Phraya River yesterday. He said that he would like to be a bridge for the people to cross-over.
  • Yesterday, as activists held an anniversary of the revolution in 1932, the army organised its own ceremony to mark the anniversary with a religious ceremony for pro-monarchy rebels who attempted to restore the king’s absolute rule. Army Chief Apirat  has ordered this unprecedented ceremony.

Business

  • Thailand’s export in May declined to the lowest in 4 years by -22.5 percent YoY, and import by -34.4 percent, resulting in a USD 2.69 billion trade surplus.  In steep decline was Thailand’s export of automobile and parts (-62.6 percent), while gold export surged (+735 percent).  This led Commerce Ministry to admit that Thailand’s annual export may shrink by more than 5 percent.  From January – May, Thai export contracted by 3-.71 percent (USD 97.9 billion) and import by -11.6 percent (USD 88.8 billion), leaving a trade surplus of USD 9.09 billion.  Source:  https://www.bangkokpost.com/business/1940612/state-agrees-export-dip-exceeds-5-
  • The Bank of Thailand (BOT) kept its policy rate on hold at 0.50 percent yesterday to preserve policy space.  It forecasted steeper GDP contraction of 8.1 percent for 2020; worse than the 1997 Tom Yum Kung crisis.  The Thai economy will hit rock bottom in Q2 with a double-digit decline, but will rebound in 2021 by 5 percent.  For 2020, export is projected to decline by 10.3 percent, for which the central bank will continue to monitor the Baht appreciation.  Tourist arrival is projected to shrivel to 8 million.  Source:  https://www.bangkokpost.com/business/1940620/bot-forecasts-record-contraction
  • The National Broadcasting and Telecommunications Commission (NBTC) has signed an MoU with the Department of Airports (DoA) to support 5G technology for its regional airports, with Krabi airport serving as a pilot project.  The move is part of the smart airport project.  AIS, True Move and Huawei collaborate on providing the 5G solution.  Source:  https://www.bangkokpost.com/business/1940568/nbtc-signs-deal-with-airports-to-back-5g
  • The Ministry of Agriculture and Cooperatives has appointed permanent Secretary Anant Suwanrat to chair the taskforce for agricultural development in the EEC.  The task force aims to promote the use of modern technology to promote the marketing and processing of agricultural products; use market demand to guide manufacturing plans and develop 5 basic cluster groups.  Source:  https://www.nationthailand.com/news/30390201

ASEAN/World

  • Former DPM and FM Surakiat Sathirathai published his opinion piece in Bangkok Post on Peace, security in Asia is possible if the will is there.
  • A media interviewed the 3rd Army Area Commander about the discover of armoury cache near Mae Sot District, Tak province. The commander said the armoury might involves three possible groups: illicit drug, illegal labours and those with political motives. The commander said that part of M79 grenade launchers which were widely used to stir political turmoils in Bangkok in early 2010s are reportedly from this area. The media asked about the Chinese special economic zone in Shwe Kokko town. The commander said the investment may impact Thailand security on employment, illegal gambling and transnational crime.—Inside Thailand Thai News Agency.
The Australian Embassy Bangkok
Share:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

Representing the Chamber on Your Website

Proud Member of

preview logo

Adding AustCham Logo to Your Website​

Proudly present yourselves as a part of Australian-Thai Chamber of Commerce by adding AustCham logo to your website.

MEMBER LOG IN