Falling oil price, tight valuation pressuring SET #SootinClaimon.Com

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Falling oil price, tight valuation pressuring SET (nationthailand.com)

Falling oil price, tight valuation pressuring SET

EconDec 08. 2020

By The Nation

The Stock Exchange of Thailand (SET) Index fell by 1.83 points, or 0.13 per cent, to 1,448 in the morning session on Tuesday.

An analyst at Krungsri Securities expected the index during the day to fluctuate between 1,440 and 1,460 points amid foreign funds inflows in response to positive news of a Covid-19 vaccine.

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

He also expected the Cabinet to approve the second phase of the “Khon La Khrueng” (Let’s Go Halves) scheme and the extension of the MRT Pink Line at a cost of Bt3.4 billion at the meeting today.

He recommended that investors buy:

▪︎ ICHI, TKN, CBG and TNP that benefit from “Khon La Khrueng” (Let’s Go Halves) scheme.

▪︎ MINT, CENTEL and AOT that benefit from positive news of Covid-19 vaccine.

The SET Index closed at 1,449.83 on Friday, up 11.51 points or 0.80 per cent. Total transactions amounted to Bt82.7 billion with an index high of 1,454.94 and a low of 1,439.14.

Gold sees sharp rise amid hopes of US stimulus measures #SootinClaimon.Com

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Gold sees sharp rise amid hopes of US stimulus measures (nationthailand.com)

Gold sees sharp rise amid hopes of US stimulus measures

EconDec 08. 2020

By The Nation

The price of gold surged by Bt350 per baht weight in morning trade on Tuesday after falling by Bt50 per baht weight at close on Monday, the Gold Traders Association reported.

As of 9.21am, the buying price of a gold bar was Bt26,500 per baht weight and selling price Bt26,600 while gold ornaments were priced at Bt26,029.72 and Bt27,100, respectively.

At close on Monday, the buying price of a gold bar was Bt26,150 per baht weight and selling price Bt26,250, while gold ornaments were Bt25,681.04 and Bt26,750, respectively.

Comex gold to be delivered in February next year rose by US$26, or 1.41 per cent, closing at $1,866 (Bt56,226) per ounce on Monday from hopes of fresh US economic stimulus measures.

Hong Kong gold price rose by HK$270 to $17,230 (Bt66,981) per tael, the Chinese Gold and Silver Exchange Society reported.

Volunteer ‘guards’ arrested and charged with illegal gathering #SootinClaimon.Com

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Volunteer ‘guards’ arrested and charged with illegal gathering (nationthailand.com)

Volunteer ‘guards’ arrested and charged with illegal gathering

PoliticsDec 08. 2020

By THE NATION

Pro-democracy guards going by the name “We Volunteer” (WEV) were arrested on Monday and charged withviolating officials’ order, after trying to remove barbed tapes and barriers the police had left at the Uruphong intersection in Bangkok since October 21.The WEVO posted on Monday that they would remove the barbed tapes from the intersection, since they obstructed people’s movement.The operation was scheduled to run from 9pm and the WEVO guards arrived punctually at the intersection.The WEVO guards at first contacted officials for removing the tapes and barriers. However, no official appeared within 30 minutes so the WEVO started their own operation at around 9.45pm.Metropolitan Police deputy chief Attawit Saisueb and his subordinates later arrived at the scene, asking the WEVO to stop removing the things. Piyarat Chongthep, the WEVO leader, insisted on continuing their operation.Around 11am, 18 guards were taken to Phya Thai Police Station. Piyarat reported via his social media that two WEVO guards among 18 were punched and kicked by the police.After their arrests were announced, some pro-democracy people gathered at the station.At 1.17am on Tuesday, police informed that the WEVO guards would be interrogated and released.At 5.30am, Piyarat and others came out of the station. He told the press that all guards were charged with violation of official orders and illegal gathering. The WEVO guards denied all charges and were scheduled to meet the interrogators again on December 28.

Pro-democracy groups to focus next rally on draconian Section 112 #SootinClaimon.Com

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Pro-democracy groups to focus next rally on draconian Section 112 (nationthailand.com)

Pro-democracy groups to focus next rally on draconian Section 112

PoliticsDec 08. 2020

By The Nation

The pro-democracy movements United Front of Thammasat and Demonstration as well as Mob Fest announced that they were planning activities to mark Constitution Day and Human Rights Day on Thursday.

Supporters have been urged to keep an eye out for announcements on the new #abolish112 Facebook page.

The lese majeste law or Section 112 of the Criminal Code states that “whoever defames, insults or threatens the King, the Queen, the Heir-apparent or the Regent, will be punished with imprisonment of three to 15 years”.

Prime Minister Prayut Chan-o-cha has given police free rein to use this law against pro-democracy activists for the first time in two years.

Cambodia ‘must redouble efforts to investigate Wanchalearm’s disappearance’ #SootinClaimon.Com

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Cambodia ‘must redouble efforts to investigate Wanchalearm’s disappearance’ (nationthailand.com)

Cambodia ‘must redouble efforts to investigate Wanchalearm’s disappearance’

PoliticsDec 08. 2020

By THE NATION

The Cambodian authorities must redouble their efforts to thoroughly, independently and impartially investigate the disappearance of Thai dissident Wanchalearm Satsaksit and determine his fate and whereabouts, Amnesty International said on Tuesday.The 37-year-old activist was abducted by unknown persons from outside an apartment building in Phnom Penh on June 4, having previously been sought for arrest by Thai authorities for criticising the Thai government.Sitanun Satsaksit, Wanchalearm’s sister, is being questioned by an investigating judge at the Phnom Penh Municipal Court on Tuesday as part of the Cambodian authorities’ ongoing investigation into the case.More than six months since he disappeared, Cambodian authorities have demonstrated negligible progress in the investigation, despite important pieces of evidence coming to public light in the intervening months. To this day, Wanchalearm’s fate and whereabouts remain unknown, Amnesty International said.It called for the Cambodian authorities to urgently address the apparent failures of the investigation to date, to immediately disclose any information they may have about Wanchalearm’s fate and whereabouts, and to ensure truth, justice and reparations for Wanchalearm and his family.”The Cambodian authorities’ failure to make adequate progress in the investigation calls into question their compliance with the Convention on Enforced Disappearances [CED], to which Cambodia is a state party,” Amnesty International said.The lack of progress in the investigation six months after the enforced disappearance suggests the Cambodian authorities are failing in their obligation under the CED to determine the fate and whereabouts of people forcibly disappeared and conduct prompt, thorough, impartial and independent investigations with a view to bringing to justice in fair trials all those suspected of criminal responsibility.”The pace of the investigation has been a particular cause for concern for the family and civil society organisations. Six months after the disappearance, little or no progress has been reported by the authorities to determine who was behind the disappearance and where Wanchalearm is.”Notably, the prosecutor of the Phnom Penh Municipal Court only sent his request for an investigation to the court in September 2020 – over three months after Wanchalearm’s disappearance – despite the fact that the complaint forming the basis for the investigation from Sitanun Satsaksit was filed with the prosecutor since July. These delays are inconsistent with Cambodia’s obligation to ensure a prompt investigation into allegations of enforced disappearance,” Amnesty International said.Moreover, the Cambodian authorities’ previous responses to UN inquiries regarding the investigation suggest a lacklustre and inadequate approach to the investigation, the rights group said.On June 19, the Cambodian government stated that it had “neither knowledge nor any lead on the alleged abduction of Mr Wanchalearm”.On August 12, the Cambodian government reported that it had interviewed three “witnesses” who allegedly “confirmed” that there were “no reports of abduction” in the relevant location, and that they had “tried to find evidence through security cameras where the incident reportedly took place”, but found “no clue”.However, the publication of relevant evidence in the media appears to contradict claims that the CCTV footage provided “no clue” and highlight the fact that the authorities could be doing much more to investigate the case thoroughly, Amnesty International said.”CCTV footage, which has been shared by various media sources, shows at least two male eyewitnesses who appear to have observed Wanchalearm’s abduction. The Cambodian authorities should develop an investigation strategy that ensures the capture and systematic analysis of all relevant material, including CCTV footage,” Amnesty International said.All potential witnesses should be interviewed as a priority and appropriate witness protection measures should be put in place to safeguard their participation in the investigation, as required under Article 12 of the CED, the rights group demanded.

Cambodian court to start hearing Wanchalerm case today #SootinClaimon.Com

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Cambodian court to start hearing Wanchalerm case today (nationthailand.com)

Cambodian court to start hearing Wanchalerm case today

InternationalDec 08. 2020

By The Nation

A Cambodian court will begin hearings on Tuesday into the disappearance of Wanchalearm Satsaksit, a Thai activist and political exile, who disappeared from Phnom Penh in the middle of the year.

Thanee Saengrat, director-general of the Department of Information and spokesman of the Ministry of Foreign Affairs, said Thai authorities have coordinated closely with their Cambodian counterparts as soon as they had learned of Wanchalearm’s disappearance in June 2020.

The Royal Thai Embassy in Phnom Penh had sent a letter to the relevant authorities in Cambodia requesting cooperation to investigate the matter after hearing the news, Thanee said.

The Ministry of Foreign Affairs is concerned about the well-being of Wanchalearm which is considered an important mission of the ministry to provide consular assistance to Thai people in foreign countries in distress as well as coordinating and giving advice to Wanchalerm’s sister, Sitanan Satsaksit, Thanee said.

Recently, the ministry facilitated through the Department of Consular Affairs and the Royal Thai Embassy in Phnom Penh for Wanchalerm’s sister to travel to Cambodia to provide information to the judge after receiving an invitation from the Phnom Penh Civil Court.

“Thai authorities cannot express any opinion on the case since it is under investigation in Cambodia,” Thanee said.

On Tuesday, the Cambodian court will arrange a preliminary examination for the first time in the case of Wanchalerm.

The spokesperson for the Ministry of Foreign Affairs stated that Thailand was committed to the rule of law and human rights principles in accordance with its obligations and related international laws to which Thailand was a partner.

“The Thai government has a constitutional duty to protect and oversee the interests of all Thais.

“The Thai government has made every effort to facilitate through the relevant government agencies so that the legal process can go well in the search for Wanchalerm,” Thanee said.

Rubber price to bounce higher next year: experts #SootinClaimon.Com

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Rubber price to bounce higher next year: experts (nationthailand.com)

Rubber price to bounce higher next year: experts

NationalDec 08. 2020

By The Nation

The rubber price is expected to rise for the next few months as production declines and demand increases, experts said.

Vorathep Wongsasuthikul, chairman of Thai Rubber Latex Group Plc, said Thailand’s rubber harvest will decrease under the impact of heavy rainfall from the El Nino phenomenon until April next year.

“Meanwhile, the demand for rubber is increasing as the tyre industry hoards the product to cope with shortages, so we expect the rubber price to rise until the second quarter of next year,” he said.

He added that Malaysian research shows the Thai and Vietnamese rubber sectors would benefit from high consumption of natural latex gloves, which degrade more easily than synthetic rubber gloves.

Korakod Kittipol, marketing manager of Thai Hua Rubber Plc, said the price of rubber had increased due to heavy rain in the South and leaf fall disease, resulting in low productivity.

“We expect the price of rubber to move between Bt60 and Bt80 per kilo due to the abovementioned situation,” he said.

Covid-19 strain in Myanmar spreads 20% faster, says Mahidol University dean #SootinClaimon.Com

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Covid-19 strain in Myanmar spreads 20% faster, says Mahidol University dean (nationthailand.com)

Covid-19 strain in Myanmar spreads 20% faster, says Mahidol University dean

NationalDec 08. 2020

 Prof Dr Prasit Watanapa, dean of Mahidol University’s Faculty of Medicine, said on Tuesday that Covid-19 has spread a lot faster in Myanmar because there are no effective measures in place to track people and the virus strain is different.

He said the virus has spread 200-times faster across the country because the movement of less than 50 per cent of people travelling from affected areas has been tracked.

He also said the strain of the virus present in Myanmar is very different from the D614 strain from Wuhan, the Chinese city where the virus was first detected. The G614 strain, which is infecting people in the West, has also been spreading in Myanmar since the first case was detected in the country on March 23. This strain can multiply 20 per cent faster than the original one.

“Thais returning from Myanmar and refusing to enter mandatory controls or concealing their information is dangerous not just to themselves, but also their families, society and medical personnel. This shows that one weak point can have a huge impact on the country and a negative effect on society. Hence, I’m calling for people to cooperate and be on guard. We can boost our immunity against the virus by wearing a mask, keeping our hands clean and maintaining distance,” he said.

Prasit said cooler weather, a rise in the number of infections in neighbouring countries like Myanmar and Malaysia as well as public gatherings are causes of concern and hospitals should prepare for an increase in infections.

Thailand has signed an agreement with AstraZeneca for the purchase of 26 million doses as well as support for local production. The AstraZeneca vaccine, which has so far proved to be 90 per cent effective, needs to be tested three times by the Thai Food and Drug Administration which will take about one month. Then it will take another four months to produce the vaccines, which means the first vaccination can be expected after May next year.

Grab pulls driver who flashed gun, threatened netizens #SootinClaimon.Com

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Grab pulls driver who flashed gun, threatened netizens (nationthailand.com)

Grab pulls driver who flashed gun, threatened netizens

NationalDec 08. 2020

By THE NATION

Grab Thailand has dismissed one of its drivers for posting threatening social media messages along with photos of himself wearing a Grab jacket and wielding a gun.

The company on Tuesday said it had “suspended the account of a driver-partner with immediate effect” for violating Grab’s security and safety protocols.

Grab said its own investigation found the driver had used profanity, verbal sexual harassment, malicious communication, and had threatened people via social media.

The company said it is now considering whether to take legal action against the culprit.

Making the most of a bad situation #SootinClaimon.Com

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Making the most of a bad situation (nationthailand.com)

Making the most of a bad situation

NationalDec 08. 2020Photos by Charoon ThongnualPhotos by Charoon Thongnual 

By The Nation

Even though floods in Nakhon Si Thammarat province are receding, many residents are still not able to return home and are having to find shelter alongside roads.

The South has seen the worst flooding in 30 years last week, and though many areas have been cleared, several downstream zones are still under water.

Prime Minister Prayut Chan-o-cha visited several downstream areas in Nakhon Si Thammarat on Monday.