february 3, 2021 thai enquirer summary...2021/02/03  · expansion. the set index closed at 1,486.25...

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February 3, 2021 Thai Enquirer Summary Political News Prime Minister Gen Prayut Chan-o-cha came out to warn media in Thailand not to cover too much news about the coup in Myanmar as it may impact the relationships between Thailand and Myanmar. Prayut who himself undertook a coup in 2014 to seize power came out to reiterated that Thailand’s stand on Myanmar’s coup falls in line with the Association of Southeast Asian Nations (ASEAN)’s. Meanwhile, former Election Commissioner Somchai Srisutthiyakorn came out to urge Gen Prayut to show Thailand’s stand against the military coup in Myanmar as a country that shares a history of military coups in its country throughout the past decade. The former EC urged Gen Prayut to announce make clear that: Thailand disagreed with an intervention by the Myanmar army.

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  • February 3, 2021

    Thai Enquirer Summary

    Political News

    Prime Minister Gen Prayut Chan-o-cha came out to warn media in Thailand not to cover

    too much news about the coup in Myanmar as it may impact the relationships between

    Thailand and Myanmar.

    Prayut who himself undertook a coup in 2014 to seize power came out to

    reiterated that Thailand’s stand on Myanmar’s coup falls in line with the

    Association of Southeast Asian Nations (ASEAN)’s.

    Meanwhile, former Election Commissioner Somchai Srisutthiyakorn came out to

    urge Gen Prayut to show Thailand’s stand against the military coup in Myanmar

    as a country that shares a history of military coups in its country throughout the

    past decade.

    The former EC urged Gen Prayut to announce make clear that:

    Thailand disagreed with an intervention by the Myanmar army.

  • Thailand wants Myanmar to restore democracy as soon as possible,

    with a release of all political actors detained.

    A suspension of foreign relations with and all aid programs for

    Myanmar.

    A call for ASEAN nations to follow these policies.

    On the Thai political front, the Cabinet gave nod to a censure debate timeframe proposed

    by government whips to take place on February 16-19, to be concluded within 4 days so a

    vote can be cast on February 20.

    The opposition chief whip Sutin Klungsang, from the Pheu Thai Party,

    announced that the opposition prepares a line-up of 45 MPs to grill Prime

    Minister Gen Prayut Chan-o-cha and 9 ministers. Of these, 15 MPs are from the

    Pheu Thai Party.

    Sutin called on the government not to impose a debate deadline after Wirach

    Ratanasate, chief government whip, suggested that the debate should be wrapped

    up before midnight on the last day.

    The opposition chief whip threatened to seek the intervention of the

    Constitutional Court if the government attempted to block the opposition from

    examining the government performance by forcing the no-confidence to end.

    He said the opposition can ask the Constitutional Court to rule if the

    government denied extra debate time. The opposition is calling for 5 days

    of debate, while the government wants it to be limited to just 4 days.

    Gen Prayut came out to shrug off speculation that he would reshuffle the cabinet

    after the censure debate.

  • The coalition Phalang Pracharat Party (PPRP) and Democrat Party are wrangling over the

    upcoming by-election in Nakhon Si Thammarat’s constituency 3 after both parties

    refused to give way to one another but to field candidates to contest the by-election.

    The Democrat Party’s executive committee is speculated to give nod to Pongsin

    Senpong, the younger brother of disqualified MP Thepthai Senpong with support

    of the party’s candidate selection committee and Democrat Party deputy leader

    Nipit Intarasombut, Chamni Sakdiset, chairman of the selection committee.

    Chamni is expected to submit Pongsin’s name on behalf of the selection

    committee to the party’s executive board for approval on February 5 before the

    candidacy registration starts on February 11.

    Deputy Prime Minister Gen Prawit Wongsuwan, as Phalang Pracharat Party

    (PPRP) leader, refused to budge on decision to field a candidate to contest the by-

    election under the party’s banner.

    In the latest development, a report said PPRP MPs in the south gives full support

    for Ayasit Srisuwan, a former candidate for Nakhon Si Thammarat’s

    Constituency 3, to run for the race under the party’s banner.

    Ayasit is said to awaiting Gen Prawit’s approval and he is good to go

    ahead.

    Nattaporn Toprayoon submitted a petition to the Election Commission (EC) to seek the

    dissolution of the Kao Klai (Move Forward) party for actions he deems hostile to

    democracy with the king as head of state.

    Nattaporn, a former advisor to the Chief Ombudsman, asked the polls agency to

    look into whether Move Forward violated Sections 45 and 92 (2) and (3) of the

    political parties law for supporting youth-led protesters by using their positions as

    MPs to bail them, submitting a bill to amend Section 112 of the Criminal Code on

  • lese majeste and supporting the iLaw constitution-amendment bill which he

    claimed to oppose the constitutional monarchy.

    Nattaporn also asked the EC to petition the Constitution Court questioning

    the legitimacy of the party’s role in trying to rewrite the constitution. He

    also said he had evidence that pointed to the party which is behind pro-

    democracy rallies.

    In response, Move Forward leader Pita Limjaroenrat came out to dismiss

    Nattaporn’s accusations as “absurd and nonsense”.

    Nattaporn is the same person who sought dissolution of the Future

    Forward Party over the Illuminati case. The case was dismissed by the

    Constitutional Court.

    Pita said he and his party’s legal team are planning to file a complaint

    against Nattaporn for filing a false report under Section 101 of the

    Political Parties Law. He accused Nattaporn of having the intention to

    cause turmoil to distract public attention from the government’s

    administrative failures in the coming censure debate.

    Police chief of the Phu Khieo Police Station in Chaiyaphum province faced an abrupt

    transfer yesterday after allowing the Ratsadon (People Movement) Group to march from

    their encampment outside Phu Khieo School in Phu Khieo district to the police station

    and put up cloth banners that say: “Reform the Royal Institution” and the hashtag #SAVE

    MYANMAR outside the station.

    Pol Lt Gen Panurat Lakboon, the commissioner of Provincial Police Region 3,

    issued a transfer order of Pol Col Permsuk Siripala, chief of Phu Khieo police,

    to an inactive post at the Region 3 operations centre in Nakhon Ratchasima,

    for allowing the banners to be hung up, he had shown a lack of responsibility

  • and discipline. Pol Lt Gen Panurat said police must cherish the royal

    institution, with the highest respect.

    The Provincial Police Region 3 commissioner also shaved his head to

    demonstrate his commitment to police discipline.

    Economic News

    The Thai National Shippers Council (TNSC) believes that Thai exports are expected to

    grow by 3 to 4 per cent this year as the global economy recovers but warned that the

    baht’s continuous rise is a worry.

    The Council saw a better-than-expected exports performance. Thai exports

    contracted 6.01 per cent, better than the previously forecast decline of 10 per cent.

    TNSC chairwoman Ghanyapad Tantipipatpong pins hopes on global Covid-19

    vaccine developments and support from the government.

    “Last year’s exports were quite satisfactory, declining less than expected,

    at 6 per cent, suggesting an economic recovery in some countries,” she

    said. “So we think the trade picture this year should not be worse”.

  • Investor confidence index for the next 3 months through April rose 1.5 per cent to 132.55

    points, according to the monthly survey by the Federation of Thai Capital Market

    Organisations (Fetco).

    Factors deemed to shore up investor confidence include high anticipation for

    foreign capital inflows to the Thai capital market in which its equity prices

    underperforming, the de-escalation of the Covid-19 outbreak buoyed by vaccine

    developments and better performance of SET-listed firms with a forecast of 40

    per cent growth in combined profits.

    Myanmar military coup continues to have impacts on Thai operations in Myanmar.

    Amata Corporation Plc (AMATA), Thailand’s largest industrial estate developer,

    to halt its investment in a 2,000-acre industrial complex worth US$1 billion called

    the “Yangon Amata Smart and Eco City (YASEC)” due to fears that the military

    coup and possible international sanctions will drive investors away from the

    country.

    AMATA chief marketing officer Viboon Kromadit said AMATA had just

    begun construction on the industrial complex outside Yangon in

    December but the development, including a new power plant, will be put

    on hold.

    Viboon said AMATA had no choice but to take a “wait and see” approach

    to the situation, adding that the company and its clients are concerned

    about a possible trade boycott by Western countries.

    Around 20 companies, mostly Japanese, are in talks to buy land in the complex to

    set up production bases, according to Amata. The company said it has already

    spent 140 million baht on the 1st phase of construction.

  • The coup in Myanmar is likely to affect more than 150 Thai private companies

    that invested in Myanmar due to possible changes in terms and conditions of their

    contracts, says a source with the Board of Investment (BoI).

    Forty-seven investment projects of Thai companies received special investment

    privileges, worth US$911.99 (Approximate 27.360 billion baht) betweeng the

    fiscal years 2016-2017 and 2020-2021, according to data from Yangon Thailand

    Trade Office.

    The cabinet’s meeting gave the greenlight to operators of Thong Fah (Blue Flag) store

    project, operators of stores who register in the government’s half-half co-payment

    scheme, van and tricycle drivers and taxi drivers to be included in the Rao Chana (We

    Win) financial aid scheme.

    The cabinet yesterday adjusted criteria for these business operators and such

    public transport drivers to be qualified for the scheme. Registration is required on

    the website www.เราชนะ.com. from January 29 to March 31, 2021.

    The Stock Exchange of Thailand (SET) Index continue to rally in line with foreign

    bourses buoyed by the rally in crude oil prices after Saudi Arabia cut production as well

    as stability of the stock exchanges in United States, the key support for the US economic

    expansion.

    The SET Index closed at 1,486.25 points yesterday, up 8.20 points or 0.55 per

    cent. Total transactions amounted to 77.033 billion baht with an index high of

    1,496.46 and a low of 1,480.50.

    As for market sentiment on the Thai bourse, analysts today urged investors to

    watch the result of the Bank of Thailand’s Monetary Policy Committee (MPC)’s

    http://www.เราชนะ.com/

  • meeting as to whether it will keep the key interest rate unchanged at its 1st

    meeting of 2021 today.

    Other factors that will have an impact on the market are the upcoming censure

    debate against the government scheduled for February 16-18, with a vote on

    February 20 and investor confidence index in the next 3 months (January-March).

    As the Bank of Thailand (BoT)’s Monetary Policy Committee (MPC)’s scheduled

    meeting to review its key interest rate, most economists have predicted no policy change.

    23 out of 25 economist expect there to be no change but one of the 2 that expects the

    change is Nomura.

    Nomura said that the frail economic conditions that has come to light due to the

    2nd

    outbreak of the Covid-19 cases in the country could lead the BoT’s MPC to

    cut the rates by 25 basis points to a mere 0.25%, the lowest level ever.

    Nomura said in a report that with the BoT acknowledging that the new

    outbreak could cut the country’s GDP forecast for 2021 by 1-1.5 per cent

    is a clear indication that the heat is building up for the BoT to take steps to

    keep the economy humming.

    Meanwhile Amonthep Chawla, head of research at CIMB Thai Bank, expects the

    MPC to keep the policy interest rate steady, as he said the rate cut is not an

    enough move to bolster the economy. He also predicted that the MPC may decide

    to reduce financial institutions contributions to the Financial Institutions

    Development Fund (FIDF) from 0.23 per cent at present to zero. He predicted that

    the FIDF contribution cut may happen in March this year.

    Meanwhile, the Joint Standing Committee on Commerce, Industry and Banking

    (JSCCIB) is set to meet today to review its economic growth outlook to correspond to

    changing economic conditions, especially after government stimulus schemes such as the

  • Rao Chana (We Win) financial aid scheme will take effect in February, says Suphan

    Mongkolsuthree, chairman of the Federation of Thai Industries (FTI).

    The JSCCIB believes Thailand’s GDP is forecast to expand by 1.5-3.5 per cent

    while exports will expand by 3-5 per cent this year, with inflation rate forecast of

    0.8-1 per cent.

    ---------------------------------------------------------------------------------------------------------------------

    General News

    Today’s new cases of Covid-19 are likely to be in excess of 800 again after Samut Sakorn

    released its figures for today at 777 new cases.

    With 777 new cases in Samut Sakorn alone, it is likely that other provinces in the

    country will report more cases.

    The total cases of COVID-19 in the country exceeded 20,000 yesterday as it logged 836

    new cases and 2 more deaths yesterday.

    Of the new cases, 819 are locally transmitted cases, with 787 found in Samut

    Sakhon alone, mostly via proactive tests, followed by 29 in Bangkok, 2 in Samut

    Songkhram and 1 case in Nonthaburi.

    The Centre for COVID-19 Situation Administration (CCSA) found 836

    new cases consisted of 109 found at hospitals, 710 in communities and 17

    arrivals in state quarantine facilities. The new discovery took up the total

    number of confirmed cases in Thailand to 20,454.

    Of the total cases, 17 were overseas travellers in quarantine facilities.

  • Of the new cases, 109 had been exposed to the virus while visiting high-

    risk areas, with Samut Sakhon province topping the list with 99 cases. One

    of the patients is a 26-day-old baby, one of the youngest so far, followed

    by seven in Bangkok and two in Samut Songkhram.

    The 2 new deaths are: a 75-year-old Thai woman with high blood pressure and

    hyperlipidaemia, who lived in Samut Sakhon. The woman developed symptoms

    on January 25 after contact with her infected husband. She was confirmed

    positive on January 28 when she started to develop fatigue and difficulty in

    breathing. She passed away at Samut Sakhon Hospital on January 30.

    A 68-year-old Thai man with diabetes and last stage kidney disease visited

    a karaoke booth in Samut Sakhon province. He was confirmed positive on

    January 7. After a long fight for a month, he passed away on February 1.

    Prime Minister Prayut Chan-o-cha ordered a probe into private schools refusing to return

    fees to students for services that weren't actually delivered because their classes were

    held online during the Covid-19 outbreak.

    Gen Prayut was responding to complaints lodged by parents and said he had

    ordered both the Education Ministry and the Office of the Private Education

    Commission (Opec) to look into the matter.

    "These schools should have known what fees weren't used during the online study

    period such as food, transport, computer and internet services, and study tours,"

    he said.

    Former television news anchor Sorayuth Suthassanachinda will be released on parole on

    March 14, Corrections Department director-general Ayut Sinthoppan said.

  • The release of Sorayuth is raising question as he was sentenced to 8-years in

    January 2020 but only served 1 year and 2 months before being released on

    March 14.

    He was serving an eight-year sentence for embezzling 138 million baht in

    advertising fees from the Mass Communications Organisation of

    Thailand. His impending release comes just over a year since the

    Supreme Court's final judgement on the case sent him to prison on Jan 21,

    2020. He had remained free on bail during the trial and appeal process.

    Mr Ayut said Sorayuth would be one of up to 500 inmates freed on March 14

    following a decision by a parole committee that met to consider a list of prisoners

    eligible for special release. He did not say when the meeting was held.

    The Royal Thai Consulate-General in Los Angeles has warned Thai people in California

    to be on their guard following the horrifying killing of an 84-year-old man in the Anza

    Vista neighbourhood of San Francisco.

    The Thai man, named by a local TV station as Vicha Ratanapakdee, 84, was

    among three elderly Asian people to be subjected to brutal attacks, according to

    Tanee Sangrat, a spokesman for the Ministry of Foreign Affairs.

    The attack took place at 8.30am last Thursday on a pavement in front of his home

    in the pleasant central city district.Security footage, circulated widely on the

    internet, shows a man running towards Vicha and throwing him violently to the

    ground before turning around and fleeing, according to KTVU Fox 2 News.

    Political News Headlines in Thai Media

    Opposition members on Tuesday criticized the health minister for defending the

    government’s Covid-vaccine procurement plan.

  • o Link- https://www.thaienquirer.com/23723/governments-defence-of-vaccine-policy-

    is-unsubstantiated-opposition-says/

    The government said on Tuesday that the country’s coronavirus outbreak situation is

    improving, despite the high number of cases that are being found via pro-active

    screenings, and as 836 new cases were reported in the previous 24 hours.

    o Link- https://www.thaienquirer.com/23708/coronavirus-situation-improving-despite-

    high-case-figures-government-says/

    Thai police came under criticism on Tuesday by Thai internet users for its violent

    dispersal of a demonstration against the military coup in Myanmar.

    o Link- https://www.thaienquirer.com/23693/thai-police-criticized-by-netizens-for-

    violent-dispersal-of-anti-myanmar-coup-demonstration/

    Three factors led to Monday’s coup in Myanmar when the military seized power from the

    civilian government of Aung San Suu Kyi, said a Thai political scientist and government

    adviser on Tuesday.

    o Link-

    https://www.nationthailand.com/news/30402153?utm_source=category&utm_mediu

    m=internal_referral

    One of Myanmar’s most popular celebrities lashed out at the military takeover in his

    country on Tuesday.

    o Link- https://www.khaosodenglish.com/politics/2021/02/02/myanmar-celeb-paing-

    takhon-condemns-coup/

    A former adviser to the Ombudsman has filed a complaint seeking the dissolution of the

    Move Forward party for actions he deems hostile to democracy with the king as head of

    state.

    o Link- https://www.bangkokpost.com/thailand/politics/2061415/move-forward-

    dissolution-sought

    About 45 opposition MPs are queueing up to grill Prime Minister Prayut Chan-o-cha and

    nine cabinet ministers in the upcoming no-confidence debate, according to chief

    opposition whip and Pheu Thai MP Sutin Klungsang.

    https://www.thaienquirer.com/23723/governments-defence-of-vaccine-policy-is-unsubstantiated-opposition-says/https://www.thaienquirer.com/23723/governments-defence-of-vaccine-policy-is-unsubstantiated-opposition-says/https://www.thaienquirer.com/23708/coronavirus-situation-improving-despite-high-case-figures-government-says/https://www.thaienquirer.com/23708/coronavirus-situation-improving-despite-high-case-figures-government-says/https://www.thaienquirer.com/23693/thai-police-criticized-by-netizens-for-violent-dispersal-of-anti-myanmar-coup-demonstration/https://www.thaienquirer.com/23693/thai-police-criticized-by-netizens-for-violent-dispersal-of-anti-myanmar-coup-demonstration/https://www.nationthailand.com/news/30402153?utm_source=category&utm_medium=internal_referralhttps://www.nationthailand.com/news/30402153?utm_source=category&utm_medium=internal_referralhttps://www.khaosodenglish.com/politics/2021/02/02/myanmar-celeb-paing-takhon-condemns-coup/https://www.khaosodenglish.com/politics/2021/02/02/myanmar-celeb-paing-takhon-condemns-coup/https://www.bangkokpost.com/thailand/politics/2061415/move-forward-dissolution-soughthttps://www.bangkokpost.com/thailand/politics/2061415/move-forward-dissolution-sought

  • o Link- https://www.bangkokpost.com/thailand/general/2061431/dozens-of-mps-ready-

    to-grill-pm

    Former television news anchor Sorayuth Suthassanachinda, jailed for eight years for

    embezzling 138 million baht in advertising fees from the Mass Communications

    Organisation of Thailand, will be released on parole on March 14, Corrections

    Department director-general Ayut Sinthoppan said on Tuesday.

    o Link- https://www.bangkokpost.com/thailand/general/2061395/newsman-sorayuth-

    to-be-paroled

    Economic News Headlines in Thai Media

    SET-listed property developer Sansiri (SIRI) posted 3.5 billion baht of sales in January

    driven by presales of low-rise properties, reaching more than two-thirds of its revenue

    target for the whole first quarter.

    o Link- https://www.thaienquirer.com/23716/sansiri-posts-3-5bn-revenue-in-january-

    on-strong-pre-sales-of-detached-houses/

    The tourism ministry outlined assistance schemes for tourism-related businesses on

    Tuesday, as the tourism minister said we was going to ask for Covid-19 vaccines to be

    rolled out to tourism workers to boost the shattered sector.

    o Link- https://www.thaienquirer.com/23707/government-outlines-support-schemes-

    for-ailing-tourism-sector/

    Nearly 10,000 people and 900 businesses face police investigation for allegedly cheating

    the government’s tourism stimulus campaign “Rao Tiew Duay Kan” (We Travel

    Together).

    o Link-

    https://www.nationthailand.com/news/30402147?utm_source=category&utm_mediu

    m=internal_referral

    The State Railway of Thailand is on course to create SRT Asset Co, an asset development

    subsidiary, with the board of the new company expected to be finalised within two

    months after which the managing director will be appointed

    https://www.bangkokpost.com/thailand/general/2061431/dozens-of-mps-ready-to-grill-pmhttps://www.bangkokpost.com/thailand/general/2061431/dozens-of-mps-ready-to-grill-pmhttps://www.bangkokpost.com/thailand/general/2061395/newsman-sorayuth-to-be-paroledhttps://www.bangkokpost.com/thailand/general/2061395/newsman-sorayuth-to-be-paroledhttps://www.thaienquirer.com/23716/sansiri-posts-3-5bn-revenue-in-january-on-strong-pre-sales-of-detached-houses/https://www.thaienquirer.com/23716/sansiri-posts-3-5bn-revenue-in-january-on-strong-pre-sales-of-detached-houses/https://www.thaienquirer.com/23707/government-outlines-support-schemes-for-ailing-tourism-sector/https://www.thaienquirer.com/23707/government-outlines-support-schemes-for-ailing-tourism-sector/https://www.nationthailand.com/news/30402147?utm_source=category&utm_medium=internal_referralhttps://www.nationthailand.com/news/30402147?utm_source=category&utm_medium=internal_referral

  • o Link-

    https://www.nationthailand.com/news/30402146?utm_source=category&utm_mediu

    m=internal_referral

    The Stock Exchange of Thailand (SET) Index closed at 1,486.25 on Tuesday, up 8.20

    points or 0.55 per cent. Total transactions amounted to Bt77.03 billion with an index high

    of 1,496.46 and a low of 1,480.50.

    o Link-

    https://www.nationthailand.com/business/30402151?utm_source=category&utm_me

    dium=internal_referral

    The cabinet agreed on Tuesday to postpone Thailand’s five-year contract to stage

    MotoGP races by one year because of the Covid-19 pandemic.

    o Link- https://www.bangkokpost.com/business/2061427/motogp-schedule-put-back-

    by-a-year

    Industrial estate developer, Amata Corporation Plc on Tuesday said it was slowing down

    investment to an industrial complex in Myanmar's largest city, Yangon, over worries of

    foreign sanctions and unrest following a coup.

    o Link- https://www.bangkokpost.com/business/2061419/amata-plc-to-slow-

    investment-in-b30-bn-myanmar-industrial-zone-after-coup

    Investor confidence in Thai financial markets over the next three months has improved

    slightly on optimism over vaccines and capital inflows, but has been capped by a new

    wave of coronavirus cases, a capital market association said on Tuesday.

    o Link- https://www.bangkokpost.com/business/2061391/investor-confidence-

    improves-but-new-covid-wave-drags

    Thailand's exports are expected to grow by 3% to 4% this year as the global economy

    recovers, but a stubbornly strong baht currency remains a worry, the shippers' council

    said on Tuesday.

    o Link- https://www.bangkokpost.com/business/2061387/exports-seen-up-3-4-this-

    year-but-strong-baht-weighs-shippers

    The Finance Ministry is preparing to amend the soft loan decree to allow greater low-

    interest loan access for small and medium-sized enterprises (SMEs).

    https://www.nationthailand.com/news/30402146?utm_source=category&utm_medium=internal_referralhttps://www.nationthailand.com/news/30402146?utm_source=category&utm_medium=internal_referralhttps://www.nationthailand.com/business/30402151?utm_source=category&utm_medium=internal_referralhttps://www.nationthailand.com/business/30402151?utm_source=category&utm_medium=internal_referralhttps://www.bangkokpost.com/business/2061427/motogp-schedule-put-back-by-a-yearhttps://www.bangkokpost.com/business/2061427/motogp-schedule-put-back-by-a-yearhttps://www.bangkokpost.com/business/2061419/amata-plc-to-slow-investment-in-b30-bn-myanmar-industrial-zone-after-couphttps://www.bangkokpost.com/business/2061419/amata-plc-to-slow-investment-in-b30-bn-myanmar-industrial-zone-after-couphttps://www.bangkokpost.com/business/2061391/investor-confidence-improves-but-new-covid-wave-dragshttps://www.bangkokpost.com/business/2061391/investor-confidence-improves-but-new-covid-wave-dragshttps://www.bangkokpost.com/business/2061387/exports-seen-up-3-4-this-year-but-strong-baht-weighs-shippershttps://www.bangkokpost.com/business/2061387/exports-seen-up-3-4-this-year-but-strong-baht-weighs-shippers

  • o Link- https://www.bangkokpost.com/business/2061563/soft-loans-tweaked-for-sme-

    access

    State-owned enterprises (SOEs) are expected to disburse around 300 billion baht from a

    total investment budget for fiscal 2021 worth 307 billion, says the State Enterprise Policy

    Office (Sepo).

    o Link- https://www.bangkokpost.com/business/2061579/state-firms-plan-outlay-of-

    b300bn-in-2021

    Inter Far East Energy Corporation (IFEC) announced it is ready to raise 500 million-1

    billion baht and seek new partners to support further investment in alternative energy

    projects, as it is confident its proposed rehabilitation plan will win approval from the

    Central Bankruptcy Court by mid-February.

    o Link- https://www.bangkokpost.com/business/2061619/ifec-confident-in-

    rehabilitation-plan

    Issues to be watched out for

    January 25-March 31, 2021 – The implementation of the 2nd-phase of the co-payment

    scheme will allow registrants to start spending.

    February, 2021 – The Legal Execution Department plans to open the auction for the Dhara

    Dhevi Hotel Chiang Mai next month at a price of 2.116 billion baht.

    February, 2021 – A law amendment bill that allows women with pregnancies of not more

    than 12 weeks to get an abortion is to take effect.

    February 1 to 19, 2021 – The Public Debt Management Office (PDMO) will open its

    wallet app for subscriptions for 60 billion baht in saving bonds to raise funds for the

    government’s Covid-19 relief packages for economic and social recovery.

    February, 2, 2021 – Thai Airways International Plc (THAI) said it will submit a

    rehabilitation plan to the Central Bankruptcy Court, postponed from the original schedule

    on January 2, 2021.

    February 3, 2021 – The Bank of Thailand (BoT)’s Monetary Policy Committee (MPC)’s

    next meeting to review policy interest rate.

    https://www.bangkokpost.com/business/2061563/soft-loans-tweaked-for-sme-accesshttps://www.bangkokpost.com/business/2061563/soft-loans-tweaked-for-sme-accesshttps://www.bangkokpost.com/business/2061579/state-firms-plan-outlay-of-b300bn-in-2021https://www.bangkokpost.com/business/2061579/state-firms-plan-outlay-of-b300bn-in-2021https://www.bangkokpost.com/business/2061619/ifec-confident-in-rehabilitation-planhttps://www.bangkokpost.com/business/2061619/ifec-confident-in-rehabilitation-plan

  • February 10, 2021 – PTT Oil and Retail Business Plc (OR) shares will be listed on the

    Stock Exchange of Thailand, with the offer price of 16-18 baht per share.

    February 14, 2021 – Valentine’s Day, the government plans to begin its national Covid-19

    vaccine rollout.

    February 16, 2021 – The increased maximum fare of 158 baht on the Green Line electric

    train was first set to be imposed.

    February 14, 2021 – The government is targeting the immunization of 19 million people

    against the coronavirus in a 1st phase of inoculations.

    February 24-25, 2021 – Charter amendment drafts are expected to be tabled in parliament

    for the 2nd reading.

    February 28, 2021 – Tentative date for municipality elections and the election of tambon

    administrative organizations (TAOs).

    February 28, 2021 – The current parliamentary session is scheduled to go into recess.

    March 7, 2021 – A by-election in Nakhon Si Thammarat’s constituency 3 to fill in a seat

    left vacant due to the Constitutional Court’s disqualification of former Democrat Party

    MP Thepthai Senpong.

    March 17-18, 2021 – The parliament is expected to hold an extraordinary session to vote

    for charter amendment drafts in the 3rd

    reading and consider a bill on national

    referendums.

    March 28, 2021 – Elections for the mayors and councilors of municipalities of all levels -

    tambon, muang and nakhon - throughout the country.

    March 31, 2021 – The government’s half-half co-payment scheme is set to end.

    March 31-June 30, 2021 – The deadline extension to file personal income taxes for the

    2020 tax year.

    April, 2021 – Thai Airways International Plc (THAI) expects the Central Bankruptcy

    Court to consider its rehab blueprint for approval.

    April 2021 – The Batong Airport is scheduled to be opened after being postponed from

    February due to the resurgence of the Covid-19.

  • April, 2021 – The central bank plans to officially implement the new rule on the rate of

    penalty imposed on loan defaulters in a bid to ease borrowers’ burdens and motivate them

    to repay their debts.

    May, 2021 – The 66th Bangkok Gems & Jewelry Fair (BGJF) Virtual Trade Fair is set to

    be held.

    June, 2021 – Bank for Agriculture and Agricultural Cooperatives (BAAC)’s debt holiday

    is due to expire.

    Key Data

    SET Index 1,486.25 +8.20

    Link - https://www.set.or.th/en/company/ipo/upcoming_ipo_set.html

    Global Commodities

    Metal -Link http://www.bloomberg.com/markets/commodities/futures/metals/

    Energy -Link - http://www.bloomberg.com/energy/

    Baltic Dry Index (BDI)-Link - http://www.bloomberg.com/quote/BDIY:IND

    Global Equity Market’s Movements

    Link - http://www.bloomberg.com/markets/stocks/world-indexes/asia-pacific/

    Asian Equity Markets Movement

    Link - http://www.bloomberg.com/markets/stocks/world-indexes/

    Information on February 2, 2021

    Buying, Selling or Transfer of shares by Owners/Management

    Stock Code Volume Value Action

    CTW 20,000 7 Purchase

    CTW 20,000 6.95 Purchase

    https://www.set.or.th/en/company/ipo/upcoming_ipo_set.htmlhttp://www.bloomberg.com/markets/commodities/futures/metals/http://www.bloomberg.com/energy/http://www.bloomberg.com/quote/BDIY:INDhttp://www.bloomberg.com/markets/stocks/world-indexes/asia-pacific/http://www.bloomberg.com/markets/stocks/world-indexes/

  • MJD 302,500 1.64 Sale

    SITHAI 18,200 0.63 Purchase

    SUSCO 400,000 2.92 Purchase

    THG 56,700 26.5 Purchase

    THG 193,300 26.75 Purchase

    XD, XE or XM or other notifications

    For list of Companies that have dividend payment and AGM meeting schedules click on

    http://www.set.or.th/set/calendarofevents.do

    Trading Breakdown on the Stock Exchange of Thailand

    Daily as of 2 Feb 2021

    Unit: M.Baht

    Investor Type Buy Sell Net

    Value % Value % Value %

    Local Institutions 7,500.36 9.74 5,552.66 7.21 1,947.69 -

    Proprietary

    Trading

    7,582.65 9.84 7,492.81 9.73 89.85 -

    Foreign Investors 30,468.98 39.55 31,701.34 41.15 -1,232.36 -

    Local Individuals 31,481.49 40.87 32,286.68 41.91 -805.18 -

    Monthly Cumulative between 1 - 2 Feb 2021

    Unit: M.Baht

    Investor Type Buy Sell Net

    Value % Value % Value %

    Local Institutions 14,371.81 9.28 11,656.06 7.53 2,715.76 -

    Proprietary

    Trading

    15,914.78 10.28 15,294.57 9.88 620.21 -

    Foreign Investors 61,306.93 39.59 65,393.83 42.23 -4,086.90 -

    Local Individuals 63,258.30 40.85 62,507.36 40.37 750.94 -

    Yearly Cumulative since 1 Jan - 2 Feb 2021

    Unit: M.Baht

    Investor Type Buy Sell Net

    Value % Value % Value %

    Local Institutions 168,303.23 7.91 181,612.21 8.54 -13,308.99 -

    Proprietary 232,191.79 10.92 232,512.40 10.93 -320.6 -

    http://www.set.or.th/set/calendarofevents.do

  • Trading

    Foreign Investors 747,686.43 35.16 762,676.29 35.86 -14,989.86 -

    Local Individuals 978,354.25 46.01 949,734.80 44.66 28,619.45 -

    Total Trading Value 77,033.49 Million Baht

    Background Information –  

    The strength of each party in the Thai Parliament as of May 8, 2019 as per the report by the

    Election Commission of Thailand. Elections took place on March 24, 2019

    https://www.ect.go.th/ect_th/news_all.php?cid=24

    List of MPs - https://www.ect.go.th/ect_th/download/article/article_20190508184334.pdf Information provided here is copyright of ThaiNews Corp and no part maybe reproduced in any form without

    the prior written permission. The opinions expressed are only those of the writer’s and is analysed based on the

    situation.

    https://www.ect.go.th/ect_th/news_all.php?cid=24https://www.ect.go.th/ect_th/download/article/article_20190508184334.pdf