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BOT role seen in slight weakening of baht (nationthailand.com)

BOT role seen in slight weakening of baht

NationalDec 01. 2020

By THE NATION

The baht opened at 30.28 to the US dollar on Tuesday, weakening from 30.26 at close on Monday.

The Thai currency is likely to move between 30.18 and 30.38, said Jitipol Puksamatanan, senior director of the chief investment office at SCB Securities.

On Monday night, the S&P 500 and Stoxx 600 fell by 0.9 and 1 per cent, respectively.

Also, the price of WTI crude oil and gold dropped by 0.7 per cent.

Jitipol explained that investors had sold their assets for cash.

This situation increased the US and German Ten-Year Treasury yields by 1 and 1.5 basis point to 0.85 and minus 0.57 per cent.

In Thailand, the baht weakened slightly after the Bank of Thailand (BOT) possibly acted to control the exchange rate. However, several currency traders believed that the BOT measures will not sharply obstruct capital flows into the country.

In the next phase, Jitipol said that Thai stocks could be sold for speculation like in the US. The movement would pressure investors to sell their risk assets and later weaken the baht.

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SSO to provide financial assistance to axed Dhara Dhevi Hotel employees (nationthailand.com)

SSO to provide financial assistance to axed Dhara Dhevi Hotel employees

NationalDec 01. 2020

By THE NATION

The Chiang Mai office of the Social Security Office (SSO) has been asked to look into the laying off of 258 employees of Dhara Dhevi Hotel in Chiang Mai, which announced bankruptcy in November.

SSO secretary-general Thossaphol Kritwongwiman, said, “We will make sure that the terminated employees receive their benefits in case of loss of jobs as guaranteed by social security.”

The hotel had announced its temporary closure due to the Covid-19 pandemic in May and October.

Earlier, some 200 employees of the hotel had filed petitions with the governor of Chiang Mai and the Chiang Mai Provincial Labour Protection and Welfare Office several times that the management had postponed the reopening of the hotel and the payment of staff salaries.

“Initially, they will be entitled to 70 per cent of their wages for 200 days since the day they were terminated.

“As for employees who had applied to receive children subsidy while they were working at the hotel, they should apply to be an insurer after they were terminated under Section 39 of Social Security Act, which will entitle them to Bt600 subsidy per month per child until they are six years old,” he added.

“Affected employees who are over 55 years old can apply for elderly benefits, which include either a bonus or pension depending on their contribution to the Social Security Fund.”

Related Story: Dhara Dhevi Hotel ceases operations in Chiang Mai

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Cancer institute warns people against blindly believing internet posts on herbal cure (nationthailand.com)

Cancer institute warns people against blindly believing internet posts on herbal cure

NationalDec 01. 2020Photo: http://www.สมุนไพรไทย.com 

By THE NATION

The National Cancer Institute has warned people not to believe or share news or internet posts that claim a herb called Khao Thong (Houttuynia cordata), also known as heart leaf or fish leaf, can help cure cancer.

“Khao Thong is a Thai traditional herb in the Saururaceae family, which is rich in anti-oxidants of the polyphenol group such as flavonoid and chlorogenic acid,” said Department of Medical Services director-general Dr Somsak Akksilp. “However, there is no conclusive study proving that it is effective in treating cancer in humans.”

Dr Jida Rojanamethin, director of the National Cancer Institute, added that people should not believe shared internet posts without checking the facts first.

“Misunderstanding could lead to health risks or reduced chance of success when receiving standardised treatment,” he said.

“Although this herb is good for your health, one should also eat the five food groups proportionately as well as avoid cancer risk factors such as smoking and drinking.”

For more information, visit National Cancer Institute at www.nci.go.th or Department of Medical Services at www.dms.go.th

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Heavy rains in the South raise risk of flash floods (nationthailand.com)

Heavy rains in the South raise risk of flash floods

NationalDec 01. 2020

By THE NATION

The strong northeast monsoon prevails over the Gulf and the South bringing isolated heavy to very heavy rain in the South, the Thailand Meteorological Department said on Tuesday.

People should beware of the severe conditions that may cause flash floods and water runoffs, the department warned.

Meanwhile a rather strong high-pressure system covers upper Thailand and the South China Sea, causing cool to cold weather and strong winds in upper Thailand.

Waves in the Gulf will likely rise about two metres high and above three metres high during thundershowers. All ships should proceed with caution and keep off thundershowers, while small boats should keep ashore until December 4, the department said.

The weather forecast for the next 24 hours:

North: Cool to cold weather with strong winds; minimum temperature 13-20 degrees, maximum 29-33°C; temperature on hilltops is likely to drop to 5-12°C.

Northeast: Cool to cold weather with strong winds and isolated light rain; minimum temperature 15-20°C, maximum 29-30°C; temperature on hilltops is likely to drop to 9-16°C.

Central: Cool weather with strong winds and isolated light rain; minimum temperature 21-22°C, maximum 31-33°C.

East: Partly cloudy with isolated light rain; minimum temperature 21-24°C, maximum 28-32°C; waves a metre high and 1-2 metres off shore.

South (east coast): Mostly cloudy with thundershowers in 60 per cent of the areas and isolated heavy to very heavy rain; minimum temperature 22-24°C, maximum 29-32°C; waves two metres high and over three metres during thundershowers.

South (west coast): Mostly cloudy with thundershowers in 40 per cent of the areas and isolated heavy rain; minimum temperature 22-24°C, maximum 30-32°C; waves 1-2 metres high and two metres during thundershowers.

Bangkok and surrounding areas: Partly cloudy with strong winds and isolated light rain; minimum temperature 23-24°C, maximum 31-34°C.

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Cabinet mulls extra Bt28.7bn for rice farmers after price plummets (nationthailand.com)

Cabinet mulls extra Bt28.7bn for rice farmers after price plummets

NationalDec 01. 2020

By THE NATION

The National Rice Policy Committee on Monday approved raising the budget for the rice farmers’ income guarantee scheme by Bt28.711 billion, to Bt46.807 billion.

The budget will be used to help farmers at a time when the price of rice had dropped sharply, said government spokeswoman Ratchada Thanadirek.

The new budget will now be proposed to the Cabinet.

The programme and its financial details were prepared by the Commerce Ministry and Bank for Agriculture and Agricultural Cooperatives.

Meanwhile the Interior Ministry has been tasked with monitoring transparency of budget dispersal to farmers.

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Sudarat quits opposition Pheu Thai Party (nationthailand.com)

Sudarat quits opposition Pheu Thai Party

NationalNov 30. 2020Sudarat Keyuraphan 

By The Nation

Sudarat Keyuraphan reportedly quit Pheu Thai Party on Monday effective immediately.

In September she had given up her post as party chief strategist, and said she would continue pushing for charter amendments as its member.

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New Zealand offers re-run of virtual education showcase for parents, students who missed first event (nationthailand.com)

New Zealand offers re-run of virtual education showcase for parents, students who missed first event

NationalNov 30. 2020Chortip Pramoolpol, ENZ’s market manager for Thailand 

By The Nation

The New Zealand Embassy’s Education New Zealand (ENZ) is re-running its virtual showcase, which ended on Saturday, to help parents further explore New Zealand’s education system and available scholarships.

The re-run, also titled New Zealand Virtual Showcase, offers Thai parents and students more time to explore international study options. New Zealand is known for its safe and welcoming society as well as a strong education system designed to prepare graduates in a rapidly changing world.

“Though the live [online] showcase ended on Saturday, the portal is still open for everyone to explore our education resources. If you missed out on any sessions at our live event, you can explore the showcase in our own time and catch-up on what you missed,” said Chortip Pramoolpol, ENZ’s market manager for Thailand.

“You can also learn more about our education providers, watch their videos, download brochures and scholarship programmes. Listen to the ‘Skills for the Future’ masterclass with Prof Guy Littlefair from Auckland University of Technology to gain an insight on how to be competitive in a rapidly changing digital world.”

The showcase will only be available until December 13, and viewers can enter the portal as many times as they like. To revisit the portal, visitors can either login using their existing login details or register to gain access at www.studyinnewzealand.govt.nz/th/nzfair/.

Chortip said last year, more than 3,600 Thai students were studying in New Zealand.

While the desirability of New Zealand as an education destination for Thai students has not diminished in the times of Covid, there is also a growing recognition and awareness in Thailand that New Zealand’s response to Covid-19 has been robust.

“We are conscious that we need to adjust strategies quickly to respond to fluid developments and a new reality of global border restrictions and other disruptions to international mobility,” added Chortip.

“We have therefore initiated many online activities including our education showcase, webinars and masterclasses to continue profiling New Zealand in this market. However, all these activities are intended for future planning purposes, not immediate travel. “We look forward to a time when we can again welcome new Thai students and visitors to our shores.”

One of the key highlights in the education showcase is the launch of a joint business foundation course between the University of Otago and Rajamangala University of Technology Thanyaburi to offer a hybrid programme whereby 30 per cent of the course will be physically taught at the Thai-New Zealand Centre in Thailand and 70 per cent online with academics from the University of Otago.

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Local official killed after her car flips into canal (nationthailand.com)

Local official killed after her car flips into canal

NationalNov 30. 2020

By The Nation

A Chai Nat municipal official was killed in Suphanburi province on Sunday night after her car left the road and flipped into a canal.

Police arrived at the scene to find the vehicle submerged and heavily damaged.

The car was dragged from the water, revealing the body of a woman later identified as Janchai Boonma-ayu, 32.

She had travelled from Chainat to meet family and friends. The accident occurred after she had visited a friend and was driving back to her family’s house.

Police believe she fell asleep at the wheel, since there were no skid marks to show she had braked. A nearby tree showed damage, indicating an impact that had caused the vehicle to flip over.

Police suspect the driver flew out of the window and fell into the water, before the car came down and crushed her.

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Border school closes over Covid-19 alert (nationthailand.com)

Border school closes over Covid-19 alert

NationalNov 30. 2020

By The Nation

A school on Chiang Rai’s border with Myanmar will close for a week following a Covid-19 scare triggered by illegal returnees from Myanmar.

Anuban Mae Sai School will shut its doors from December 1-6 after local residents voiced concern over a potential Covid-19 outbreak.

The announcement was made on Monday after a group of Thai women were caught illegally sneaking back across the border, triggering heightened health and security monitoring.

Chiang Rai immigration police on Sunday arrested three women and a transexual after one of them boasted online of their illegal return from Myanmar.

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‘Old car for new car’ project decision delayed to next week (nationthailand.com)

‘Old car for new car’ project decision delayed to next week

NationalNov 30. 2020

By The Nation

Details of the proposed “old car for new car” scheme are being finalised and will be revealed to the public next week, according to the Industry Ministry.

The Finance Ministry is currently studying the proposal, which would see car owners offered coupons worth Bt100,000 in tax relief on purchases of new cars.

The trade-in scheme was proposed earlier this month by the Industry Ministry as a way of boosting the auto sector during the economic crisis. However, automakers warned it could dampen sales and lead to stagnation of the industry as car owners would delay buying a new car until they hear what kinds of old car are covered by the scheme.

The National Economic and Social Development Council (NESDC) is expected to announce the full details of the scheme next week.