August 27, 2020

Thai Enquirer Summary

Political News

In yet another bold move, the ‘Free People’ movement or what is called as the Thailand

Student movement under the “คณะประชาชนปลดแอก” has come out to say that they are

disappointed by the moves announced by the Pheu Thai party for not supporting the

moves to scrap the various articles in the current constitution that gives the power to the

250 appointed Senators to make the choice for the Prime Minister and the future

governments.

The statement by the ‘Free People’ that has lead the student movement that has

gripped the nation’s young generation said that Pheu Thai party has resorted to

the same old politics and not listened to the voice of the people.

These were the strongest statement against the Pheu Thai party by the

movement that has so far targeted the government and its coalition

partners so far.

The statement came early last morning after on Tuesday evening the Pheu Thai

party and the Kao Klai party split in their views about how to go about amending

the constitution that has been a bone of contention ever since it was put in place in

2016.

The Kao Klai says that it wants articles from 269-272 that should be

amended immediately in order to switch off the Senate to participate in

future selection of Prime Ministers

The Pheu Thai says that it should be the Constitution Drafting Committee

that should be decide

Pheu Thai wants to amend article 256 as a priority

Pheu Thai says that it wants to ‘switch off’ the senate and has been the

most impacted from the Senate but there are issues related to amending the

other articles and amending the 256 is therefore the priority.

Statement by the ‘Free People’ on their Facebook page

Meanwhile embattled Prime Minister Gen Prayut Chan-o-cha’s photos taken with student

representatives participating in a mobile cabinet meeting in Rayong province yesterday

(August 26) with went viral on social media after some students flashed a 3-finger salute,

a symbolic gesture against dictatorship, behind the Prime Minister.

Reports said Gen Prayut grinned for the camera without realising that someone

was making such a symbol behind him.

Gen Prayut later came out to issue a stern warning to protesters demanding his

resignation that the nation would be engulfed in flames. Their action would

instigate deeper divisions that could cause the collapse of the country. The Prime

Minister said he is sick of being branded a “dictator”.

“If we want to overcome each other politically, the nation will collapse,” Prayuth

told reporters.

“If that happens, just wait, everybody will be on fiery land, engulfed in flames.”

“Why did I have to come? Have you all forgotten? Don’t forget it so soon and

things have all improved since I took over.”

Read the story from Reuters on this issue by clicking on

https://www.reuters.com/article/us-thailand-protests-idUSKBN25M0YQ

The parliament is scheduled to debate hot issues next month.

The House and Senate joint sitting has set to debate 3 national reform bills on

September 1, according to Pheu Thai MP for Nan Chonlanan Srikaew.

A general debate without a vote under Section 152 as a result of the

opposition Pheu Thai Party’s request is set to be held on September 9. Out

of 15 hours in total set for the debate, the opposition will receive 10 hours

for the general debate and the rest for government MPs.

The House’s special committee studying constitutional amendments will

submit its study results to the House on September 10.

The House has scheduled a 3-day debate during September 16-18 to

debate the 3.3-trillion-baht fiscal 2021 budget bill.

Also the Senate is scheduled to deliberate the fiscal year 2021 budget bill

during September 21-22 before the House goes in recess on September 24.

On the Royal Thai Navy’s contentious 22.5-billion-baht submarine procurement scheme,

the House Budget Scrutiny Committee which was set to discuss of the controversial

project agreed to postpone its discussion on the controversial procurement scheme until

August 31.

There are reports of an attempt by government MPs to lobby MPs in the

committee to vote in support of the procurement.

It is said that not long after the House’s meeting took place at 10.00 hrs yesterday

(August 26), Deputy Finance Minister Santi Promphat, as the committee’s

chairman, ordered the meeting to take a break and held a side-line meeting with

leaders of the coalition parties including the Bhumjai Thai and Democrat parties

while government chief whip Wirat Rattanaset sought private discussions with

Thanathorn Juangroongruangkit, who is the committee’s advisor under the Kao

Klai (Move Forward) Party’s quota, and Pheu Thai MP Yutthapong Jarassathian

who threatened to vote against the scheme

Meanwhile, the Democrat Party now shows a reluctant stance on its pledge to

vote against the scheme as party leader Jurin Laksanavisit came out to say that his

party has yet to reach a resolution to reject the navy’s procurement plan. Jurin’s

remarks contradicted some Democrat MPs who are the committee’s members

who earlier pledged to vote against the procurement plan in the second and third

readings.

Jurin said his party has not gone that far to reject the scheme as everything

is still under the budget scrutiny committee’s consideration. He said he

believed everything has a way out. The issue rests with the committee.

While Yutthapong said the committee’s meeting has been postponed with no

apparent reason, Santi said the Committee has agreed to postpone discussion of

the controversial project until August 28 to allow time to gather more

information. Santi said he plans to summon the navy to provide more information

prior to a vote on the same day.

Santi stressed that the navy’s plan to procure 2 Chinese-made submarines at an

estimated cost of 22.5 billion baht cannot be scrapped because it was approved, in

principle, in accordance with the 2020 Budget Act. However, it can be postponed

or delayed.

Akaradet Wongpitak, the Democrat Party MP for Ratchaburi, as the budgte

scrutiny committee’s spokesman, warned that 7 committee members of the

Democrat Party would abstain from voting or stage a walkout to emphasize the

party’s stance against the procurement if the key coalition party continues its push

to support the procurement project.

Thailand also in process of procuring 600 TATA trucks for the use by the military so says

the Thai ambassador to India in his latest Tweet

https://twitter.com/Chutintorn_Sam/status/1298267711802208257

The royalist Thai Pakdee group led by former Democrat MP Warong Dechgitvigrom

announced a planned rally this Sunday (August 30) to protest against alleged intimidation by

the Free People and Free Youth movements. He has yet decided on the rally venue.

In his Facebook post, Warong said his group will no longer tolerate intimidation

by anti-monarchy elements which he claimed that have been threatening movie

stars and members of the media who oppose their ideology.

He invited the public and royalists to come together to no to intimidation and to

come out to protect the nation, the religion and the King.

Two student activists were arrested yesterday (August 26) afternoon on charges related to

an anti-government rally they organized on July 18.

The 2 latest activists nabbed by police were Tattep “Ford” Ruangprapaikitseree

and Panumas Singprom, according to Yaowalak Anuphan, head of Thai Lawyers

for Human Rights group. Tattep was taken into custody in front of his residence

in Bangkok while Panumas was detained while he was on a roadside. They are

arrested for sedition under Article 116 of the Criminal Code for their roles in the

anti-government rally at the Democracy Monument on July 18, which sent off a

wave of rallies across the country.

Both activists were taken to Samranrat Police Station to hear their charges. Tattep

and Panumas were released on bail and deny the charges, according to their

lawyer.

There are reports that the Ministry of Digital Economy and Society (DES) now wants to

obtain court removal orders relating to 1,024 more URLs including 661 Facebook links,

289 YouTube links, 69 Twitter links and other social media sites, minister Buddhipongse

Punnakanta told reporters.

Thailand is pushing for the removal of 1,000 online posts, videos and other

content that “breaks the law”, Buddhipongse said.

We have not violated anyone’s rights but if they break the law they will

face legal action,” he said.

Buddhipongse denied that the “Royalist Marketplace” webpage was removed for

political reasons, saying that the ministry must protect Thailand’s cyber

sovereignty.

The DES Minister has reportedly said he does not believe Facebook will take

legal action against the government and the DES Ministry in relation to past legal

requests since the platform has cooperated well with previous requests.

Key former Pheu Thai Party figure Watana Muangsook and 14 others in connection with

a state housing project, the Baan Eua-Arthorn housing project for the poor, in which they

were accused of malfeasance by anti-corruption officials are set to hear the verdict by

September 24th

.

Watana is accused of committing malfeasance while on duty.

The Supreme Court’s Criminal Division for Holders of Political Positions said it

has completed final inquiries into witnesses and has set September 24 for a

verdict in the case.

Economic News

Prime Minister Gen Prayut Chan-o-cha yesterday (August 26) pledged to reopen the

country to welcome foreign tourists. The Prime Minister said the return of foreign visitors

would begin with only a limited number of arrivals, to test the government’s disease

control measures.

The Prime Minister agreed that Thailand should open the door in a limited way to

foreign tourists so as to improve the economic situation and affirmed his

government will do all it can to ease the economic difficulties caused by the

pandemic.

The Prime Minister said Thailand needs to attract foreign tourists back and have a

welcoming system of disease control in place so local people can start earning

money again. He said there will be forms to fill in. Flights must be traceable.

When they reach their destinations their whereabouts will have to be confirmed

and they will be isolated from others.

The proposal came amid growing calls from the state and private sectors.

Tourism and Sports Minister Phiphat Ratchakitprakan was assigned by Deputy

Prime Minister Anutin Charnvirakul to chair a meeting on the topic “Safe &

Sealed Area for Tourism” at Government House today (August 27).

In line with Gen Prayut’s proposal to open up its borders to foreign visitors, Finance

Minister Predee Daichai said his ministry is seeking additional measures to promote the

tourism sector.

Speaking at an online business event hosted by the Stock Exchange of Thailand,

on the topic “Navigating through Global Uncertainties: Thailand’s opportunities

for transformation” at Thailand Focus 2020: Resiliency to Move Forward”, the

Finance Minister believed that the Thai economy has passed the lowest point in

the second quarter. He is confident that the economy will pick up in 2021 with 4-5

per cent growth.

Predee stressed that the government is focusing on prioritizing the relief and

rehabilitation measures for the people and business sector and speeding up budget

disbursement and necessary policies to accelerate an economic recovery.

His ministry mulls a raft of additional measures to spur tourism.

In a move that could impact some of the listed companies in the tire manufacturing

sector, the US Department of Commerce's new anti-dumping investigation on tires

exported from Thailand to the American market is believed to result from the US-China

trade war, as some exporters are Chinese factories relocated to Thailand, says the

Federation of Thai Industries (FTI).

Kim Eng Securities said in a note to their clients that the investigation begun on

July 26th

this year and determination is set on the November 9th

. Other countries

included in the investigation are South Korea, Taiwan and Vietnam.

Thailand exports more than 20 million auto tires annually - passenger vehicle &

light truck (PVLT). The US is its largest market (47.54 per cent in 2019). The

alleged dumping margins are between 106 per cent and 218 per cent for Thailand.

The 2019 US imports of tires from Thailand were valued at $2.7 billion (1.1 per

cent of total Thailand’s exports).

Kim Eng says that Thailand has 7-8 tire factories, mostly located in the Eastern

Economic Corridor. Five of the factories moved from China to Thailand, and

three of these primarily export tires. The other two plan to begin exports soon.

Chinese companies use Thailand as an export base for products ranging

from tires, processed food and other rubber products.

VGI Plc (VGI)’s share price hit the ceiling with a 14.29 per cent gain after Kerry Express

Thailand Ltd announced an initial public offering (IPO) of up to 300 million IPO shares

to the public.

VGI achieved the highest closing price at 6.80 baht, up 0.85 baht or 14.29 per

cent, from 6.05 baht at the opening price, in heavy trade worth 767.91 million

baht. The price increase reaching the ceiling immediately after Kerry confirmed

its IPO filing on the Stock Exchange of Thailand (SET).

Analysts said VGI shares benefit from the launch of an IPO by Kerry because it

has 23 per cent shares in Kerry.

Performance of shares of VGI over the past 3-months.

For those who have not paid their property taxes, well you have just a few more days to

pay or else face a 10-40 per cent penalty over the stated amount.

The property taxes were delayed until August 31st 2020 from January this year

due to all the confusion and the taxes were reduced by 90 per cent of the original

value due to the Coronavirus issue.

New business registrations fell again in July, with the figures down 12 per cent year-on-

year from the same month last year, with combined registered capital worth 16.714

billion baht, down 27 per cent.

On a monthly basis, business registrations fell 1 per cent from June to 5,667,

according to the Business Development Department’s report, citing the business

sector’s concerns about a second wave of the virus.

The top 3 sectors for new business registrations in July were building and

construction (576), real estate (246), and logistics, transport and delivery services

(172).

The top 2 sectors remain unchanged from the previous month but No.3 changed

since May from restaurants and food outlets, said Sorada Lertharpachit, deputy

director-general of the department.

The Treasury Department plans to develop housing projects for government officials in

prime locations of the central business district (CBD) of various provinces.

The department plans 7-storey condo projects containing 76 rooms. Each unit will

be around 44 square metres, with a selling price marked at 999,999 baht, said

director-general Yuthana Yimkarun.

Initially, the department has chosen its plots in Bangkok’s prime areas to develop

its project such as a plot located along Sukhumvit Road near Bang Chak BTS

station, a plot along Rama 3 Road near Klong Toey MRT station, a plot on

Phetchaburi Road near Phetchaburi MRT station as well as a plot opposite the

Purple Line electric train Government Office Complex station in Nonthaburi.

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

General News

The Centre for Covid-19 Situation Administration (CCSA) reported 1 new COVID-19

infection among returnees in state quarantine in the past 24 hours, while eight more

people have recovered from the disease and returned home.

The new case is a 38-year old Thai businessman who arrived in Thailand from

India on August 8 among 21 other passengers who tested positive for COVID-19.

He entered state quarantine in Bangkok and tested positive for the virus on

August 21.

Cumulative infections in Thailand, to date, are 3,403, with 3,222 recoveries and

58 deaths.

Political News Headlines in Thai Media

The House’s budget scrutiny committee has postponed its decision until August 31 on the

navy’s plan to buy two more submarines worth 22.5 billion baht from China, according to

local news on Wednesday.

o Link- https://www.thaienquirer.com/17596/the-houses-budget-scrutiny-committee-

delays-its-decision-on-chinese-submarines-until-august-31/

The Thai government has arrested two more student protest leaders of the latest pro-

democracy movement on Wednesday.

o Link- https://www.thaienquirer.com/17584/thai-government-arrests-two-more-

protest-leaders-on-wednesday/

The largest opposition party has come under criticism from its opposition partners and

progressive voices in Thai society for its hesitancy in pushing for censure debates and a

parliamentary debate on the constitution.

o Link- https://www.thaienquirer.com/17547/pheu-thai-under-criticism-from-

progressives-for-not-pushing-through-charter-amendments/

On Tuesday, Anon Numpha was arrested by police and charged with sedition for leading

and speaking in anti-government protests. It was the third time that Anon had been

arrested by the state and the third time he faced a lengthy bail hearing.

o Link- https://www.thaienquirer.com/17557/to-stop-the-tide-of-student-protests-the-

government-is-resorting-to-incarceration-litigation-and-intimidation/

An online campaign (#แบนดาราสลิ่ม) has been trending for the past week as Thai netizens

campaign to boycott all Thai celebrities, coined as salims, who participated in the PDRC

protests.

o Link- https://www.thaienquirer.com/17549/thai-netizens-campaigning-against-thai-

celebrities-that-supported-pdrc-protests/

Thai students are poking fun at Prime Minister Prayut Chan-ocha and the conservative

Thai establishment with the latest viral hashtag on Twitter.

o Link- https://www.thaienquirer.com/17540/we-know-were-evil-thai-student-

protesters-poke-fun-at-adults-with-latest-viral-hashtag/

Last week, police arrested members of the Rap Against Dictatorship, a Thai rap/hip-hop

group famous for their anti-government songs and lyrics. The group has been one of the

most vocal critics of the military government and the entrenched bureaucracy in Thai

society.

o Link- https://www.thaienquirer.com/17473/the-government-view-rap-against-

dictatorship-as-a-threat-theyre-now-part-of-a-proud-tradition/

Responding to news that Facebook has accepted censorship requests from the Thai

government, Rasha Abdul-Rahim, Amnesty Tech’s acting programme co-director, said:

“Once again Facebook is caving to the whims of repressive governments, while making

meek appeals to human rights, setting another dangerous precedent for freedom of

expression online.

o Link-

https://www.nationthailand.com/news/30393550?utm_source=category&utm_mediu

m=internal_referral

Student leaders from the Free Youth Group on Wednesday submitted their 10-point

manifesto on reforming the monarchy to a House committee on politics for consideration.

o Link- https://www.bangkokpost.com/thailand/politics/1975175/students-submit-

manifesto

The Move Forward Party has set a target to limit or even shut down the role of the Senate

once the charter amendment motion goes before the parliament, taking a more radical

stand than other opposition parties in pushing for constitutional change.

o Link- https://www.bangkokpost.com/thailand/politics/1975047/move-forward-aims-

to-turn-off-senate-switch-in-charter-motion

The chairman of the prime minister's committee reviewing the aborted hit-and-run case

of Red Bull heir Vorayuth Yoovidhya said his panel saw "injustice" and the "shadow of

corruption" in past handling of the prosecution.

o Link- https://www.bangkokpost.com/thailand/general/1975227/pms-panel-finds-

graft-in-boss-case

Economic News Headlines in Thai Media

The share price of VGI, a leading out-of-home media service operator, soared up

exponentially by 14.29 per cent to 6.80 baht on Wednesday morning at 11:49 a.m., an

increase of 0.85 baht, with a trading value of 754.1 million baht.

o Link- https://www.thaienquirer.com/17575/vgi-shares-rise-sharply-breaking-the-

ceiling-as-a-response-to-kerry-filing/

Amata Corporation PCL (AMATA), a leading industrial city developer, revealed that the

company still maintains its target for 2020 at 950 rai of land sales.

o Link- https://www.thaienquirer.com/17565/amata-holds-same-2020-outlook-as-

uncertainties-lie-ahead/

Thailand needs to attract foreign tourists back and have a welcoming system of disease

control in place, so local people can start earning money again, Prime Minister Prayut

Chan-o-cha said on Wednesday.

o Link- https://www.bangkokpost.com/thailand/politics/1975139/prayut-backs-return-

of-tourists

Industry Minister Suriya Jungrungreangkit believes the Thai industrial sector has

rebounded as the manufacturing production index (MPI) in July increased for the third

consecutive month by 3.12% from June to 85.4 points.

o Link- https://www.bangkokpost.com/business/1975351/suriya-worst-over-for-

manufacturing-sector

Thailand's economic fundamentals and fiscal position remain strong in the face of the

pandemic-induced recession and the "worst is behind us", new Finance Minister Predee

Daochai said on Wednesday.

o Link- https://www.bangkokpost.com/business/1974959/finance-minister-economic-

fundamentals-still-solid-amid-pandemic

The Electricity Generating Co (EGCO Group) is set to apply for a licence from the

Energy Regulatory Commission to import liquefied natural gas (LNG), said EGCO

Group president Thepparat Theppitak.

o Link-

https://www.nationthailand.com/business/30393572?utm_source=category&utm_me

dium=internal_referral

Businesses and investors in Nakhon Ratchasima have asked the Mass Rapid Transit

Authority of Thailand (MRT) to review the electric tram blueprint for the province over

concerns about cost-efficiency.

o Link- https://www.bangkokpost.com/business/1975179/mrt-urged-to-rethink-korat-

trams

The Energy Ministry has agreed to approve a 2-billion-baht budget to support 1,035

energy efficiency and renewable energy projects through the Energy Conservation Fund.

o Link- https://www.bangkokpost.com/business/1975255/encon-allots-b2bn-budget

Kerry Express Thailand, the country’s leading parcel delivery provider, has submitted an

initial public offering filing to the Securities and Exchange Commission in preparation to

offer up to 300 million IPO shares to the public.

o Link- https://www.bangkokpost.com/business/1975079/kerry-express-prepares-ipo-

for-up-to-300m-shares

Issues to be watched out for

August 28, 2020 – Mobile cabinet meeting is scheduled in Rayong and Chanthaburi

provinces.

August 29, 2020 – The deadline for farmers to return the banned agri-chemicals, paraquat

and chlorpyrifos, in their possession to sellers.

August 31, 2020 – The government is expected to lift lockdown restrictions imposed

under the emergency decree.

September, 2020 - The Joint Standing Committee on Commerce, Industry and Banking

(JSCCIB) is planning to hire a consultancy to conduct an in-depth analysis on pros and

cons of the highly controversial Comprehensive and Progressive Agreement for Trans-

Pacific Partnership (CPTPP) in a bid to renew its call for the government to join the pact

next year.

September 2020 – Recruitment of new board members of the National Broadcasting and

Telecommunication Commission (NBTC) is set to kick off.

September 8, 2020 - The Central Criminal Court for Corruption and Misconduct Cases set

for a hearing to decide whether to accept a lawsuit filed against national police chief Pol

Gen Chakthip Chaijinda brought by his deputy Pol Gen Wirachai Songmetta.

September 9-10, 2020 – A general debate without a vote under Section 152 is expected to

be held in the parliament.

September 16-18, 2020 – The 3.3-trillion-baht budget for Fiscal Year 2021 proposed by

the government is expected to be tabled in parliament.

September 21, 2020 – The National Economic and Social Development Council (NESDC,

formerly known as the National Economic and Social Development Board or NESDB) is

to revise the 20-year national strategy at an annual meeting to respond to the COVID-19

crisis.

September 30, 2020 – The Stock Exchange of Thailand (SET) is set to extend the revised

equity short-selling regulations from June 30 to September 30 as stock market volatility

remains high in the wake of the Covid-19 pandemic.

October, 2020 – The bidding for construction and operation for the 140-billion-baht

Orange Line western extension linking the Thailand Cultural Centre with Bang Khun

Non.

October, 2020 – The Thailand Grand Prix was rescheduled after being postponed due to

the coronavirus outbreak.

October 27, 2020 – The Central Bankruptcy Court is set for first hearings for Nok Airlines

regarding the rehabilitation process.

Key Data

SET Index 1,322.55 +6.56

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 August 26, 2020

Buying, Selling or Transfer of shares by Owners/Management

Stock Code Volume Value Action

AS 52,000 4.3 Sale

BCPG 350,000 12.5 Purchase

CHO 258,800 0.5 Purchase

COMAN 10,000 2.1 Purchase

DDD 10,000 16.5 Purchase

ECF 4,000,000 0.24 Sale

EP 100,000 3.78 Purchase

LPH 70,000 4.57 Purchase

LPH 10,000 4.47 Purchase

LPH 10,000 4.41 Purchase

MBAX 72,600 6.21 Sale

MBAX 403,600 6.26 Sale

OSP 2,200,000 38.5 Purchase

PLANET 20,000 1.09 Sale

PLANET 50,000 1.13 Sale

THANI 750,000 3.36 Purchase

SPVI 200,000 2.74 Sale

SELIC 190,000 1.79 Purchase

SICT 105,000 4.3 Sale

STGT 5,000 75.75 Purchase

STGT 3,000 68 Purchase

STGT 85,000 70.5 Purchase

SMT 100,000 2.8 Sale

TU 183,100 14.69 Sale

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 26 Aug 2020

Unit: M.Baht

Investor Type Buy Sell Net

Value % Value % Value %

Local Institutions 4,406.71 9.06 3,449.44 7.09 957.27 -

Proprietary

Trading

5,958.40 12.25 6,314.31 12.98 -355.91 -

Foreign Investors 16,764.80 34.46 16,413.14 33.74 351.66 -

Local Individuals 21,522.37 44.24 22,475.40 46.2 -953.02 -

Monthly Cumulative between 1 - 26 Aug 2020

Unit: M.Baht

Investor Type Buy Sell Net

Value % Value % Value %

Local Institutions 97,665.24 10.57 93,358.20 10.1 4,307.04 -

Proprietary

Trading

105,584.74 11.42 106,309.02 11.5 -724.27 -

Foreign Investors 324,007.13 35.05 338,373.12 36.61 -14,365.98 -

Local Individuals 397,063.41 42.96 386,280.20 41.79 10,783.22 -

Yearly Cumulative since 1 Jan - 26 Aug 2020

Unit: M.Baht

Investor Type Buy Sell Net

Value % Value % Value %

Local Institutions 1,166,545.31 11.09 1,092,765.88 10.39 73,779.43 -

Proprietary Trading

1,073,767.55 10.21 1,073,472.25 10.2 295.3 -

Foreign Investors 3,683,133.43 35.01 3,924,322.96 37.3 -

241,189.53

-

Local Individuals 4,598,162.98 43.7 4,431,048.18 42.11 167,114.80 -

Total Trading Value 48,652.28 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.