Baht unchanged as yen strengthens against dollar #SootinClaimon.Com

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Baht unchanged as yen strengthens against dollar

NationalOct 28. 2020

By THE NATION

The baht opened at 31.25 to the US dollar on Wednesday, unchanged from its close on Tuesday.

The Thai currency is likely to move between 31.20 and 31.40 on Wednesday, said Jitipol Puksamatanan, senior director of the chief investment office at SCB Securities.

The S&P 500 and Stoxx 600 indices on Tuesday night decreased by 0.3 and 0.9 per cent, respectively. However, the Nasdaq recovered by 0.6 per cent, pointing out that investors are concerned about the outcome of the US presidential election and the re-emergence of Covid-19, he said.

Jitipol estimated that tech stocks would be the least affected.

Also, the present market situation is seeing investors park their money in bonds.

The US Ten-Year Treasury yield has decreased by 3.5 basis points to 0.76 per cent, and in Europe the value of bond yields has been dropping. Italian and German Ten-Year Treasury yields are at -0.63 and 0.69 per cent, respectively, he said.

In the financial market, the yen strengthened over the dollar. This provide support to Asian currencies, including the baht, which helped them not to weaken sharply on Wednesday morning despite the market being in a “risk-off” state. The Asian currencies would move in a narrow range, Jitipol added.

Ratchaburi man arrested for allegedly stealing women’s underwear #SootinClaimon.Com

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Ratchaburi man arrested for allegedly stealing women’s underwear

NationalOct 28. 2020

By THE NATION

Thung Luang station police arrested one Chaiphat, or Jack (last name withheld), aged 46, at a house in the subdistrict in Ratchaburi’s Pak Thor district for stealing women’s underwear.

Police reportedly found more than 70 panties, three brassieres and two shorts, as well as a small amount of methamphetamine and amphetamine tablets in the house.

“Two women had filed complaints with the station that a thief had broken into their homes and stolen their underwear, so we tracked down the suspect to his house and arrested him,” the police said.

Chaiphat, who makes a living buying used or broken items from local people and selling the items to junk shops, reportedly admitted that he stole the underwear because he felt lonely after his wife of 10 years left him recently. He also reportedly admitted that he masturbated while smelling the stolen underwear.

Although Chaiphat said he stole the items a few times, police believed that from the amount of evidence, he must have done it at least 20 times.

Police are asking any women missing their underwear lately to visit the station and check the evidence.

The suspect was taken to Thung Luang station and charged with theft and drug possession.

‘Khon La Khrueng’ shopping campaign achieves registrant target #SootinClaimon.Com

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‘Khon La Khrueng’ shopping campaign achieves registrant target

NationalOct 28. 2020

By THE NATION

The government’s “Khon La Khrueng” (Let’s Go Halves) campaign achieved its target of 10 million registrants by around 10pm on Tuesday, a news source reported.

The three-month economic package started on October 16 in a bid to stimulate domestic consumption.

Under the Kon La Khreung scheme, 10 million people can avail of daily discounts on their shopping of up to Bt150, capped at Bt3,000. Merchants had to register through the website http://www.คนละครึ่ง.com from October 1.

With 10 million people having signed up, registration is now closed. Registrants can spend under the scheme until December 31.

Users who have signed up are receiving an SMS instructing them to download and install the Pao Tang application, through which they can spend money shopping and receive a Bt150 discount daily.

Users can also visit the http://www.คนละครึ่ง.com website and find shops that participate in the campaign, which are divided into four categories – food and beverage, Blue Flag shops, Otop shops and general products.

The Finance Ministry reported on October 26 that so far 380,000 merchants had registered to participate in the campaign.

Accumulated spending is Bt704.5 million, Bt362.5 million from registrants and a Bt342-million subsidy from the government.

The ministry also reported that the three provinces with the most spending are Bangkok, Songkhla and Nakhon Si Thammarat, while the average spending per time is Bt232.

Isolated heavy rains, strong winds forecast for upper Thailand #SootinClaimon.Com

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Isolated heavy rains, strong winds forecast for upper Thailand

NationalOct 28. 2020

By THE NATION

Widespread showers with strong winds and isolated heavy to very heavy rain are likely for upper Thailand, the Meteorological Department said on Wednesday, adding that category 5 typhoon Molave over the South China Sea is expected to make landfall in Vietnam by today then downgrade into a category 3 tropical storm before entering Thailand.

Meanwhile, the monsoon trough still lies across the middle South while strong southwest winds prevail across the Andaman Sea, the South and the Gulf. Isolated heavy rains are likely in the South, the department said, advising people in risky areas to beware of severe conditions that may cause flash floods and water runoff. It warned all small boats to stay ashore while ships should keep away from areas with thundershowers as waves over the Andaman Sea and the Gulf are 2-3 metres high and will be above 3 metres in thundershower areas.

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

North: Cool weather with thundershowers in 40 per cent of the area; temperature lows of 21-24 degrees and highs of 29-32 degrees Celsius. Temperature on hilltops is likely to drop to 10-15 degrees Celsius.

Northeast: Cool weather and strong wind with thundershowers and isolated heavy to very heavy rain; temperature lows of 20-22 degrees and highs of 26-30 degrees Celsius. Temperature on hilltops is likely to drop to 12-15 degrees Celsius.

Central region: Mostly cloudy with thundershowers in 30 per cent of the area; temperature lows of 22-24 degrees, highs of 30-32 degrees Celsius.

East: Mostly cloudy, strong winds with thundershowers in 60 per cent of the area and isolated heavy rain; temperature lows of 23-25 degrees, highs of 30-32 degrees Celsius; waves a metre high and 1-2 metres during thundershowers.

South (east coast): Thundershowers in 60 per cent of the area and isolated heavy rain; temperature lows of 23-24 degrees, highs of 31-33 degrees Celsius; waves 2 metres high and over 2 metres during thundershowers.

South (west coast): Thundershowers in 70 per cent of the areas and isolated heavy rains; temperature lows of 22-24 degrees, highs of 29-32 degree Celsius; waves 2 metres high and 3 metres during thundershowers.

Bangkok and surrounding areas: Mostly cloudy with thundershowers in 20 per cent of the area; temperature lows of 24-25 degrees, highs of 30-32 degrees Celsius.

Royalists gather at Lumpini Park #SootinClaimon.Com

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Royalists gather at Lumpini Park

NationalOct 27. 2020

By The Nation

Royalists in yellow shirts gather at Bangkok’s Lumpini Park at 4pm in a show of loyalty to the monarchy.

The demonstrators held up pictures of HM King Rama X and vowed to defend the monarchy against calls for reform being made by anti-establishment protesters.

MP slashes own arm in Parliament to protest treatment of pro-democracy movement #SootinClaimon.Com

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MP slashes own arm in Parliament to protest treatment of pro-democracy movement

NationalOct 27. 2020

By The Nation

Pheu Thai Party MP Visan Techatirawat slashed himself with a knife in Parliament on Tuesday, in what he said was a protest against the treatment of young pro-democracy activists.

Visan cut his left hand and arm three times with a fruit knife during day two of the special debate on the political crisis, explaining later that he did not want the students to have to shed their blood.

For the past four months, pro-democracy rallies in Bangkok and other provinces have called for PM Prayut Chan-o-cha to quit, the constitution to be made more democratic, and the monarchy to be reformed.

He added that he had been an MP since 1986 but had still not figured out how to solve the political problem and he did not want to see the unrest turn bloody.

Other lawmakers reacted with shock and dismay as Visan slashed himself in the chamber.

Parliament President Chuan Leekpai called on medical staff to apply first aid, before Visan was taken to hospital for treatment.

He later apologised to MPs for the shock caused by his action.

He explained he had acted in this way in protest against the crackdown on a on a peaceful rally in Bangkok on October 17, when police fired water cannon filled with chemical irritant at protesters. He said PM Prayut should be listening to protesters’ demands rather than using force against them.

He added that he had borrowed the knife from a maid at Parliament and had not told his family about the plan to cut himself.

US and Thailand partner to boost infrastructure finance #SootinClaimon.Com

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US and Thailand partner to boost infrastructure finance

NationalOct 27. 2020

By THE NATION

Finance Minister Arkhom Termpittayapaisith met with US Ambassador Michael George DeSombre on Tuesday to exchange copies of the Framework to Strengthen Infrastructure Finance and Market Building Cooperation, signed by the two countries on September 22.

The initiative is aimed at supporting infrastructure development through market-oriented, private sector investment.

Under the framework, the US and Thailand will address regulatory, market, and legal barriers to private sector investment by focusing on the development of financial instruments, project finance, the local debt market, and capital markets.

The US and Thailand will highlight the framework at the Indo-Pacific Business Forum in Hanoi on Wednesday (October 28).

The US said the engagement supports its wider Indo-Pacific Strategy by complementing ongoing efforts under the Enhancing Development and Growth through Energy (Asia EDGE) and the Infrastructure Transaction and Assistance Network (ITAN).

Israel sets up second greenhouse in Cha-am’s arid Hubkapong area #SootinClaimon.Com

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Israel sets up second greenhouse in Cha-am’s arid Hubkapong area

NationalOct 27. 2020

By THE NATION

Israel has set up a second greenhouse with a special irrigation and sprinkler system in Phetchaburi’s Cha-am district after achieving success with its first facility set up in 2018 as a demonstration unit for farmers in the area.

The greenhouses are built in cooperation with the Hubkapong Development Project Demonstration Centre, which was established in the 1960s under the vision of King Rama IX. This cooperation included the support of Israeli experts, who helped local farmers overcome difficulties, which resulted in the creation of a demonstration village under the “Thai-Israel Rural Development Project”.

The demonstration village has been built according to Israel’s community “Moshav” model, in which members collectively own the land and share profits earned from production. This successful project has helped local farmers maintain a stable income and has turned the arid Hubkapong area into fertile land.

The agency overseeing this project, MASHAV or Israel’s Agency for International Development Cooperation, has been sharing its knowledge in agriculture, education, medicine, science and technology with more than 130 countries, including Thailand. Over the years, MASHAV has trained more than a thousand Thai participants in various fields.

Reservoirs placed on alert for Typhoon Molave #SootinClaimon.Com

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Reservoirs placed on alert for Typhoon Molave

NationalOct 27. 2020Lam Takhong DamLam Takhong Dam 

By The Nation

Thailand’s water management authority has warned that reservoirs across the country must prepare for the arrival of Typhoon Molave on Wednesday.

The National Water Resources (NWR) Office said it has issued an alert for the country’s six large reservoirs – Chulabhorn in Chaiyaphum province, Lam Takhong, Lam Phra Phloeng, and Mun Bon in Nakhon Ratchasima, Khun Dan Prakan and Chon in Nakhon Nayok, and Nong Plalai in Rayong province.

Also told to prepare for the typhoon were 124 medium-sized reservoirs – 10 in the North, 76 in the Northeast, four in the Central Region, 20 in the East, 11 in the West and three in the South.

Preparation will help reduce impacts of the typhoon on people who live around the reservoirs, said NWR deputy secretary-general Samroeng Sangphuwong.

Typhoon Molave is forecast to hit Thailand on Wednesday (October 28), when heavy rain in the lower North, Northeast, East, Central Region and South will increase the risk of flash floods and landslides.

Government subsidises Bt243.5 million worth of spending three days into launch of stimulus scheme #SootinClaimon.Com

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Government subsidises Bt243.5 million worth of spending three days into launch of stimulus scheme

NationalOct 27. 2020

By The Nation

Nearly 9.25 million of the targeted 10 million people have signed up for the Kon La Khreung (Let’s Go Halves) scheme, government figures show.

The three-month economic stimulus package to boost spending among low-income people was launched on October 23.

Under the scheme, up to 10 million people aged 18 and above can avail of daily discounts of up to Bt150 on food, beverages and household essentials (excluding alcohol, tobacco or lottery tickets). The subsidy is capped at Bt,3000 per person per month.

Within three days of its launch, 1,245,528 people have availed of subsidies, with total spending of Bt502.9 million, comprising Bt259.4 million spent by the people and the government contributing Bt243.5 million. The average spending per person, per time was Bt234 baht, government deputy spokeswoman Ratchada Thanadirek said.

Most of the spending was in Blue Flag stores, restaurants, general stores and OTOP stores. Most of the spending was in Bangkok, Nakhon Si Thammarat and Songkhla provinces, she added.