Tourists from any country can now apply for Special Tourist Visa #SootinClaimon.Com

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Tourists from any country can now apply for Special Tourist Visa (nationthailand.com)

Tourists from any country can now apply for Special Tourist Visa

NationalDec 09. 2020

By THE NATION

The Cabinet has done away with restrictions on nationality for long-stay tourists and tourists who travel on yachts as well as their crews who are allowed to enter Thailand under the Special Tourist Visa (STV), the government’s deputy spokeswoman Ratchada Thanadirek said on Tuesday.

With the gazette announcement, the STV policy takes effect from October 1 for the period until September 30, 2021.

“Previously the STV only allowed in tourists from countries with a low risk of Covid-19 infections under Public Health Ministry regulations,” she said. “However, only 825 persons from 29 countries and six yachts have applied so far, which is lower than government’s estimation.”

The Cabinet therefore agreed to remove the nationality restrictions for tourists applying for the STV, as well as extend the period during which tourists and/or yachts would be inspected and approved to enter Thailand at immigration checkpoints for 30 days, in order to allow more qualified tourists to enter the kingdom and promote tourism.

“Although the nationality restriction is removed, tourists in both groups will still need to comply with other regulations under the STV, which include providing evidence of a place to stay during their long visit and submitting to alternative state quarantine in appointed hospitals or hotels for not less than 14 days,” she added.

Related Story: Thailand now open to long-stay tourists

Cool to cold weather in upper Thailand, less rain in the South #SootinClaimon.Com

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Cool to cold weather in upper Thailand, less rain in the South (nationthailand.com)

Cool to cold weather in upper Thailand, less rain in the South

NationalDec 09. 2020

By THE NATION

The North and the Northeast will continue to experience cool to cold weather, with mountaintops being cold to very cold and frost in some areas, the Thailand Meteorological Department forecast on Wednesday. The Central region and the East are also having quite a cold morning.

Meanwhile, the northeast monsoon prevailing across the Gulf of Thailand and the South is weakening, resulting in less rain in these areas, the department said, advising all ships to proceed with caution as waves in the Gulf are 1-2 metres high and about 2 metres in thundershower areas.

Here’s the weather forecast for the next 24 hours:

North: Cool to cold weather; temperature lows of 12-17 degrees and highs of 29-33 degrees Celsius. Temperature on hilltops is likely to drop to 1-10 degrees Celsius with frost in some areas.

Northeast: Cool to cold weather with strong wind; temperature lows of 12-18 degrees and highs of 29-31 degrees Celsius. Temperature on hilltops is likely to drop to 7-13 degrees Celsius.

Central: Cool weather in the morning; temperature lows of 18-20 degrees, highs of 31-32 degrees Celsius.

East: Cool weather in the morning; temperature lows of 18-22 degrees, highs of 32-33 degrees Celsius; waves a metre high and 1-2 metres off shore.

South (east coast): Partly cloudy with thundershowers in 10 per cent of the area; temperature lows of 22-24 degrees, highs of 31-34 degrees Celsius; waves 1-2 metres high and 2 metres during thundershowers.

South (west coast): Partly cloudy with thundershowers in 10 per cent of the area; temperature lows of 22-24 degrees, highs of 31-34 degrees Celsius; waves a metre high and 1-2 metres during thundershowers.

Bangkok and surrounding areas: Cool weather in the morning; temperature lows of 21-23 degrees, highs of 31-34 degrees Celsius.

Foreign inflows to brighten Thai investment climate through next year: SET strategy chief #SootinClaimon.Com

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Foreign inflows to brighten Thai investment climate through next year: SET strategy chief (nationthailand.com)

Foreign inflows to brighten Thai investment climate through next year: SET strategy chief

NationalDec 09. 2020

By THE NATION

Foreign funds will continue to flow into the Stock Exchange of Thailand (SET) into next year as the Covid-19 crisis abates, said the SET’s head of corporate strategy on Tuesday.Soraphol Tulayasathien noted that the Thai stock market was currently rising sharply from funds flooding into emerging markets, including Thailand. The SET maintained its upward trend on Tuesday, rising over 2 per cent.He forecast that funds will continue to flow into the markets next year, driven by Covid-19 vaccination and new US trade policies under Joe Biden. The Thai economy had already entered gradual recovery in the third quarter this year, he added.Positive market signals and fund flows next year would help brighten the investment climate, Soraphol said. He added that the most important factor to monitor in the Thai stock market was earnings of listed companies. Industries that grew this year included the food, construction, paper and petrochemical sectors.He said Covid-19 was now only having a slight affect on Thai stocks. Meanwhile, the baht was being driven up mainly by the influx of foreign investment.Separately, UOB Asset Management (UOBAM) advised that given the current low interest rate, emerging-market stocks were a more interesting investment option than bonds, and debentures more attractive than sovereign bonds.It also pointed to the weakening dollar and strengthening Asian currencies as an opportunity for investment in Asia.UOBAM advised investors to purchase healthcare profitable-innovation stocks. The broker also predicted tourism stocks would recover in the second half of 2021.

Pesticide tests on Thai fruit show red grapes, dates high in chemical contamination #SootinClaimon.Com

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Pesticide tests on Thai fruit show red grapes, dates high in chemical contamination (nationthailand.com)

Pesticide tests on Thai fruit show red grapes, dates high in chemical contamination

NationalDec 09. 2020

By The Nation

The Department of Agriculture has ordered an investigation after tests by the Thai Pesticide Alert Network (ThaiPAN) found worrying levels of chemical contamination in fruits and vegetables on sale in markets and malls.

All 30 random samples of red grapes and dates exceeded the maximum residue level (MRL) permitted, while pomelo was the only product found to be safe from chemical contamination.

ThaiPAN tested 509 samples of fruit and vegetables – 201 from six malls and 308 from 10 markets. Among them were locally produced products as well as imports, both certified and non-certified.

In response to the test results, Department of Agriculture director-general Pichet Wiriyapaha has ordered officials to conduct inspections on supermarket fruit and vegetables labelled Organic Thailand, Q GAP, Thai GAP, PGS, or with foreign organic standards. If any are found to exceed maximum residue levels, the relevant certification authority will be told to alert the farmers, he said.

If banned chemicals are found, officials will revoke certification, Pichet added.

He said the department was currently developing biological substances and plant extracts to replace agrochemicals.

“At present, 17 types of biofilms are recommended for farmers to use as part of Good Agricultural Practices [GAP] to kill pests in organic farming systems.”

Registration guidelines for the use of biological and plant extracts to eliminate weeds will be offered soon, he said.

Meanwhile the Agriculture and Cooperatives Ministry and the Food and Drug Administration (FDA) under the Public Health Ministry will collaborate on their own inspections of chemical contamination in fruits and vegetables.

Market capital of IPOs this year soars to Bt500bn #SootinClaimon.Com

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Market capital of IPOs this year soars to Bt500bn (nationthailand.com)

Market capital of IPOs this year soars to Bt500bn

NationalDec 09. 2020

By The Nation

Initial public offerings (IPO)s so far this year are worth almost Bt500 billion in market capital – double the Bt250 billion targeted by the Stock Exchange of Thailand, SET president Pakorn Peetathawatchai said on Tuesday.

This year’s Bt492 billion in IPO market capital was in line with the average yearly increase of Bt250 billion, he said.

“This is good news for the Thai stock market.”

This year’s Bt492 billion extra market capitalisation resulted from IPOs by 22 companies plus one Infrastructure Fund (IFF) and one Real Estate Investment Trust (REIT). Eleven companies plus the IFF and REIT floated on the SET, while the remaining 11 floated on the Market for Alternative Investment (mai), according to SET senior executive vice president Manpong Senanarong.

According to SET information, the IPOs total issue size was Bt124 billion and their offering size was Bt153 billion.

Meanwhile five more companies are waiting to launch IPOs this month, three on the SET and two on the mai, said Manpong.

“We believe that there are no uncertainties that would pressure the stock market in the remainder of this year,” he added.

Nine of the newly listed stocks have dropped in price since their IPOs, with I&I Group Plc (IIG) and Silicon Craft Technology Plc (SICT) seeing the steepest falls of about 200 per cent.

Sudarat’s new party will cut ties to Thaksin: Watana #SootinClaimon.Com

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Sudarat’s new party will cut ties to Thaksin: Watana (nationthailand.com)

Sudarat’s new party will cut ties to Thaksin: Watana

NationalDec 09. 2020

By The Nation

The new party being set up by former Pheu Thai politicians will not be overshadowed by any powerful figure, insists ex-Pheu Thai member Watana Muangsook.

Watana was speaking to Inside Thailand following speculation that the party being launched by Pheu Thai’s former chief strategist Sudarat Keyuraphan would ally with Pheu Thai under its patriarch, former PM Thaksin Shinawatra.

Sudarat’s links with Thaksin go back to 1998, when she co-founded his Thai Rak Thai Party. However, those links appeared to break late last month when she abruptly quit Pheu Thai along with several of her allies. The move came after Thaksin’s ex-wife Khunying Potjaman Na Pombejra reportedly intervened to engineer changes at the top of Pheu Thai.

Watana said the resignation of Sudarat and her allies from the main opposition party was due to ideological differences with other members.

Turning his focus to the country’s current political turmoil, he said the solution was to amend the Constitution to return power to the people.

He said charter change was the biggest issue facing the country but added that it would not be achieved in a day but over a long period of cooperation between people.

Watana was also asked whether the new party would try to get rid of PM Gen Prayut Chan-o-cha so it could join his ruling Phalang Pracharat Party in power.

He answered that the new party would not ally with any other parties.

He also said he had notified the Election Commission of the plan to launch the new party.

The launch date was not revealed but he said the focus of the country should be charter amendment and the setting up of a Constitution Drafting Assembly.

Watana also insisted that the new party would not be influenced by Thaksin or Potjaman.

‘Let’s Go Halves’ co-payment scheme extended until Mar 31 #SootinClaimon.Com

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‘Let’s Go Halves’ co-payment scheme extended until Mar 31 (nationthailand.com)

‘Let’s Go Halves’ co-payment scheme extended until Mar 31

EconDec 08. 2020

By The Nation

The Cabinet approved the second phase of the Khon La Khrueng (Let’s Go Halves) subsidised shopping scheme on Tuesday.

The co-payment stimulus scheme will be expanded to cover 15 million Thais from the original 10 million.

Until March 31, the government will pay 50 per cent of a participant’s bill for food, drink and general goods up to Bt150 per day. The cap on the total subsidy per person over the whole period has been raised from Bt,3000 to Bt3,500.

Original participants will not have to reregister.

Registration for new participants will open at 6am on December 16 at 6am.

The total budget for both phases of the scheme is Bt22.5 billion, aiming to generate spending of Bt45 billion.

Each phase is designed to increase GDP by 0.32 per cent by injecting up to Bt105 billion into the economy.

SET up 2% as foreign funds pile into Thailand #SootinClaimon.Com

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SET up 2% as foreign funds pile into Thailand (nationthailand.com)

SET up 2% as foreign funds pile into Thailand

EconDec 08. 2020

By The Nation

The Stock Exchange of Thailand (SET) Index closed at 1,478.92 on Tuesday, up 29.09 points or 2.01 per cent. Total transactions amounted to Bt123.46 billion with an index high of 1,484.73 and a low of 1,442.65.

In the morning session, an analyst at Krungsri Securities expected the day’s index to fluctuate between 1,440 and 1,460 points, buoyed by foreign fund inflows in response to positive news of a Covid-19 vaccine.

“However, we advise investors to speculate for short-term profits, as the falling oil price and tight valuation will pressure the index,” he said.

Also significant for the SET would be today’s Cabinet approval for the second phase of the “Khon La Khrueng” (Let’s Go Halves) scheme and the Bt3.4-billion extension of the MRT Pink Line, he added.

The 10 stocks with the highest trade value today were KBANK, PTT, SAK, DELTA, SCB, AOT, ADVANC, PTTGC, PTTEP and KCE.

As of 4.30pm, the price of oil rose by US$0.11 or 0.24 per cent to $45.87 per barrel, while gold rose by $1.70 or 0.09 per cent, to $1,867.70 per ounce.

Other Asian indices were mixed:

Japan’s Nikkei Index closed at 26,467.08, down 80.36 points or 0.30 per cent.

China’s Shang Hai SE Composite Index closed at 3,410.18, down 6.43 points or 0.19 per cent., while Shenzhen SE Component Index closed at 13,973.89, up 0.41 points or 0.0029 per cent.

Hong Kong’s Hang Seng Index closed at 26,304.56, down 202.29 points or 0.76 per cent.

South Korea’s KOSPI Index closed at 2,700.93, down 44.51 points or 1.62 per cent.

Taiwan’s TAIEX Index closed at 14,360.40, up 103.80 points or 0.73 per cent.

Covid-19 vaccine expected to push exports up by 3-5% next year #SootinClaimon.Com

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Covid-19 vaccine expected to push exports up by 3-5% next year (nationthailand.com)

Covid-19 vaccine expected to push exports up by 3-5% next year

EconDec 08. 2020

By The Nation

The Thai National Shippers’ Council expects growth of 3 to 5 per cent in the export sector next year, the council’s chairperson Ghanyapad Tantipipatpong said.

The biggest contributor is expected to be the Regional Comprehensive Economic Partnership (RCEP) pact, which was signed in November.

RCEP marks Asean’s biggest free-trade pact to date, covering market of 2.2 billion people with a combined size of US$26.2 trillion or 30 per cent of global GDP.

The other factors are global progress in the development of the Covid-19 vaccine, which will benefit trade and tourism, especially the export of medical equipment and food from Thailand.

The council said it also expects exports this year to contract only 7 per cent from the previous forecast of 10 per cent, provided the monthly export in the last two months of the year reaches $19.3 billion.

Thai export fell 6.71 per cent in October to $19.38 billion, while imports contracted 14.32 per cent to $17.33 billion.

Exports in the first 10 months of 2020 dropped 7.26 per cent to $192.37 billion. The export of farm and industrial farm products dipped 8.8 per cent, while that of industrial goods fell 4.7 per cent.

Rubber shares shoot up as severe flooding in South hits production #SootinClaimon.Com

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Rubber shares shoot up as severe flooding in South hits production (nationthailand.com)

Rubber shares shoot up as severe flooding in South hits production

EconDec 08. 2020

By The Nation

The price of rubber rose as the worst flooding in 30 years in the South, where most of the rubber is grown, has had a direct impact on rubber supply in Thailand.

The price of Grade 3 ribbed smoked sheets and raw rubber sheets in Songkhla on December 4 stood at Bt70.74 and Bt67.49 per kilogramme respectively, which is double the price during the same period last year.

The Rubber Authority of Thailand expects rubber production in Nakhon Si Thammarat, Surat Thani and Songkhla to drop by 100,000 tonnes or 2 per cent of the country’s total yearly production.

Sri Trang Agro Industry (STA), which has devoted 45,000 rai to growing rubber, said the flooding has had an impact on its own productivity as well as that of its subsidiary Sri Trang Gloves Thailand (STGT) because raw materials cannot be delivered to the factories in time.

Thai Rubber Latex Group (TRUBB) has six concentrated latex factories in Thailand, three of which are located in the South, two in the East and one in the North. For now, the company is only getting fresh latex from its subsidiaries in the northern provinces of Chiang Rai, Nan, Phayao and Chai Nat.

North East Rubber (NER) is likely to suffer less of an impact because it purchases materials from farmers, middlemen and cooperatives in the Northeast.

An analyst at KTB Securities said he expects STA to be able to cope with the flooding as it has stocked raw materials for up to four months.

“However, we expect NER to benefit the most from rising rubber prices as its factories and raw material sources are in the Northeast,” he said.

He expects STA to make Bt4.6 billion in profits this year and Bt4.8 billion next year, while NER’s profits are expected to stand at Bt853 million this year and Bt1.08 billion next year.

“We advise buying both STA and NER shares,” he added.