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Dusit signs deal for 11th resort in China

NationalFeb 15. 2021Hot Springs Centre at Dusit Princess Resort Fengshun, Guangdong

By The Nation

Dusit International has bet on China’s early recovery from Covid-19 by opening a new hotel in the south of the country.

Dusit Princess Hot Springs Resort Fengshun, Guangdong is slated to open in April 2021 in Meizhou City, Guangdong Province.

The deal to manage its 11th hotel in China was signed with Fengshun Jindebao Kaiyue International Hot Springs Hotel Co, Ltd.

Dusit Princess Hot Springs Resort Fengshun, Guangdong

The upper midscale resort is set within a new development zone of Meizhou City, about 40 minutes by car from Jieyang Chaoshan International Airport. It is also a short drive from popular attractions such as Longgui Waterfall, Jigong Temple, numerous Hakka cultural sights, and the upcoming Jieling Feiquan Scenic Area.

Designed to meet the needs of business and leisure travellers alike, the resort, which first opened in 2014, comprises 190 guest rooms and suites, plus restaurant, a grand ballroom, and a hot springs centre with spa.

Dusit’s portfolio now features 340 properties operating under six brands across 15 countries. In China, the company currently operates 10 hotels and has over 20 properties confirmed in the pipeline. Three of these are slated to open this year – Dusit Devarana Hot Springs Resort Wanfo Lake, Anhui; Dusit Princess Fuzhou, Fujian; and Dusit Princess Residences Ganzhou, Jiangxi.

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Cabinet gives go-ahead to latest cash handout scheme

NationalFeb 15. 2021

By The Nation

The Cabinet on Monday approved the “Mor33 Rao Rak Kan” (Section33 We Love Each Other) cash-handout scheme for 9.27 million people covered by Section 33 of the Social Security Act.

The scheme, in which Bt4,000 will be provided via the Pao Tang application, will cost the government Bt37.1 billion and will be overseen by the Labour Ministry.

The subsidy applies to Thai nationals who do not hold a state welfare card, have not joined the Rao Chana (We Win) scheme and have less than Bt500,000 in financial deposits.

Applicants have between February 21 and March 7 to register. Those eligible will be given Bt1,000 per week for four weeks from March 22, and can use the funds from April 12 to May 31.

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Bright short-term outlook for PTT Oil and Retail shares

NationalFeb 15. 2021

By The Nation

The price of PTT Oil and Retail Business (OR) shares is expected to rise further in the short term after its market capitalisation exceeded Bt330 billion, an expert said.

UOB Kay Hian Securities strategist Kitpon Pripisankit added that OR would be listed on the SET50 and SET100 Indices on February 17 and the MSCI Global Standard Index on February 26.

“Therefore, we expect OR’s share price to rise higher than brokerage firms’ expectations of between Bt19 and Bt24 per share,” he said.

He added that OR’s fair price is between Bt25.3 and Bt31.3 per share based on the company’s oil and retail business value.

The price of OR shares at 10.54am on Monday hit the highest level at Bt36.50 per share, up Bt6 or 20.51 per cent, due to mass buy-ups of its shares.

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Bangkok relatively safe as high PM2.5 levels reported in 14 provinces

NationalFeb 15. 2021

By The Nation

Air pollution hit unsafe levels in 14 provinces on Monday morning, the Air Quality and Noise Management Bureau reported.

Thailand’s standard for safe levels of PM2.5 (particles less than 2.5 micrometres in diameter) is 50 micrograms per cubic metre of air (μg/m3), while that of the World Health Organisation is 25μg/m3.

The 14 provinces struggling with pollution are Chiang Rai, Phayao, Nan, Lamphun, Chiang Mai, Lampang, Sukhothai, Phitsanulok, Tak, Kamphaeng Phet, Lopburi, Saraburi, Nong Khai and Ubon Ratchathani.

As of Monday morning, PM2.5 readings in different regions of Thailand came in as follows:

North: 32-83μg/m3.

Northeast: 26-59μg/m3.

Central Region and West: 12-60μg/m3.

East: 21-36μg/m3.

South: 17-27μg/m3.

Bangkok and its vicinity: 20-49μg/m3.

The elderly, children and people with respiratory diseases have been monitored to stay indoors in areas where pollution is bad.

People can monitor air quality via Air4Thai.com and bangkokairquality.com websites, or via Air4Thai and AirBKK smartphone applications.

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BOI provided investment privileges worth over Bt481 billion in 2020

NationalFeb 15. 2021

By THE NATION

The Thailand Board of Investment (BOI) provided investment privileges for 1,717 projects worth Bt481.15 billion to private companies last year, Government Spokesman Anucha Burapachaisri said on Sunday.

The BOI revealed the figures during a meeting with Prime Minister General Prayut Chan-o-cha last week.

Companies approved by the BOI will be exempted from corporate income tax equivalent to 100 per cent of their investment value, excluding land fee and rotational funds.

“Of the total investment privileges provided, 48 per cent are in target industries that the government deemed important to drive the country’s economy forward, such as electrical and electronics [Bt50.3 billion investment], agriculture and food processing [Bt41.1 billion], automotive components [Bt37.7 billion], petrochemical [Bt36 billion], and biotechnology [Bt30 billion],” said Anucha.

“Medical industry is the sector with remarkable expansion in privilege applications filed with the BOI at 83 projects, a 177 per cent increase compared to those in 2019, with total investment value at Bt22.2 billion, increasing 165 per cent year on year,” he added.

The BOI also reported that in 2020 there were 453 projects receiving investment privileges in the Eastern Economic Corridor (EEC) areas, with total investment value at Bt208.7 billion, most of which are in infrastructure, basic industrial services and transportation.

“Prayut has said that in 2021 investment promotion by the BOI should focus on BCG [bio-circular green], medical, and digital industries that use high technology to improve the country’s manufacturing and service structure and increase our competitive edge in modern industries after the Covid-19 situation improves,” added Anucha.

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143 new cases reported, while two Thai men with Covid-19 succumb

NationalFeb 15. 2021

By The Nation

The Centre for Covid-19 Situation Administration (CCSA) on Monday reported 143 new cases with two fatalities, of whom 11 are returnees in quarantine facilities.

Of the 64 patients who were exposed to the disease while visiting high-risk areas. 53 were in Samut Sakhon, followed by eight cases in Nakhon Pathom, two in Chonburi, and one in Samut Songkhram.

Meanwhile, proactive testing led to the discovery of 68 cases, 50 of them in Pathum Thani, 16 in Samut Sakhon and one each in Bangkok and Phetchaburi.

Of the 11 overseas travellers who tested positive in quarantine facilities, six were Thais who had returned from Egypt, the United Kingdom, the United Arab Emirates and the United States, a Dutch national travelling from Germany and four Britons from their home country.

A male vegetable merchant, 62, in Ubon Ratchathani province who had diabetes, kidney disease, and high blood pressure died on February 14. He started coughing on January 5 and developed breathing difficulty on January 8. He tested positive for Covid-19 on February 9 with severe pneumonia. He entered critical stage on February 13 and died the following day.

A 78-year-old man succumbed to the disease on February 13 in Samut Sakhon province. On January 19, the patient started coughing. He tested positive on January 22 and was found to have severe pneumonia. His condition became critical due to his many underlying chronic diseases and he died on February 13.

Meanwhile, 772 patients have recovered and been discharged.

As of Monday, the number of confirmed cases in Thailand had risen to 24,714. Of these, 22,064 had been contracted locally, including 13,990 who were found via proactive testing, while 2,647 were returnees. So far, 22,883 have recovered and been discharged, 1,749 patients are still in hospitals, and the death toll has risen to 82.

According to Worldometer, as of 10am on Monday, the number of confirmed cases globally had risen to 109.4 million (up by 290,079), 81.47 million have recovered, 25.32 million are active cases (98,496 in severe condition) and 2.41 million have died (up by 6,792).

Thailand ranks 114th on the global list of most cases, which is topped by the US with 28.26 million, followed by India 10.92 million, Brazil 9.84 million, Russia 4.07 million and the United Kingdom 4.04 million.

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Do not target medics: Medical Council

NationalFeb 15. 2021

By THE NATION

The Medical Council of Thailand slammed the police for violence against a volunteer medic at a pro-democracy demonstration on Saturday.

The council issued a statement on Monday saying people have the right to rally for their rights, but that it will not condone violent actions from either side.

The statement also called on all sides to not attack medical personnel or volunteers, medical equipment and ambulances in line with the principles of the Red Cross.

The council called on related agencies to take care of medics and give them arm bands that can separate them from other protesters. It also lauded medics for helping the injured without demanding returns.

Bottles and smoke bombs were thrown when protesters and police officers clashed on Saturday night, injuring some 25 people.

The protest calling for the release of four leaders of the anti-establishment movement started at Bangkok’s Democracy Monument, before activists marched to the City Pillar Shrine near Sanam Luang.

Related Stories:

20 policemen injured as violence erupts during pro-democracy rally in Bangkok

Students’ group calls for action over alleged attack by police on medical volunteer

Police chief defends action against medical volunteer during protests

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SET moves up on hopes of US stimulus package, Japan’s GDP growth

NationalFeb 15. 2021

By The Nation

The Stock Exchange of Thailand (SET) Index rose by 7.69 points, or 0.51 per cent, to 1,516.04 in the morning session on Monday.

A Krungsri Securities analyst expected the SET to rebound to between 1,520 and 1,525 on hopes of a rollout of the US economic relief package, rising oil price, and 12.7 per cent growth in Japan’s fourth-quarter gross domestic product.

“However, investors should beware of mass sell-offs of stocks due to tight index valuation,” he warned, adding that the SET price to earnings ratio was 30 times.

He recommended that investors buy:

▪︎ PTTGC, TOP, IVL, VNT, CBG, ROJNA, TVO, STGT, HTC, CPF, RCL, PSL, SYNEX, COM7, XO, WICE, JMT, JMART, SINGER, MTC, SAWAD, KCE, AH and SAT, whose fourth-quarter results are expected to improve.

▪︎ CBG, ICHI, OSP, SAPPE, RBF, DOD and PTG, which benefit from positive news on hemp production and its general use.

The SET Index closed at 1,508.35 on Thursday, down 8.59 points or 0.57 per cent. Total transactions amounted to Bt106.41 billion with an index high of 1,521.31 and a low of 1,503.19.

The SET Index was closed on Friday for Chinese New Year.

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Students’ group calls for action over alleged attack by police on medical volunteer

NationalFeb 15. 2021Police arrested a protester on Saturday

By THE NATION

The Society for Medical Students of Thailand (SMST) has called on the police to investigate the assault on a medical volunteer during the February 13 pro-democracy protests in Bangkok and bring the offenders to justice.

SMST released a statement on Sunday after pictures of a medical volunteer being beaten up by the police were widely shared on social media. Medical volunteers had been stationed there to provide medical services at the pro-democracy rally in front of the Supreme Court in Bangkok’s Phra Nakhon district on Saturday night.

“This is not the first time that medical volunteers were affected by police officials’ actions during protest events,” SMST said.

“Medical volunteers are not only there to treat injured protesters, but they could also ensure public safety in the areas where standard medical units and ambulances cannot access the injured persons on time.

“These volunteers are ‘street medics’ or ‘action medics’ who provide prehospital care to injured persons and maximise their survival rate. The attack on these volunteers is therefore unacceptable and violates human rights,” it said.

“The SMST would like to urge the commander of crowd control police to take responsibility by investigating and clarifying the incident to the public with full transparency, as well as bring the offender to justice.”

National Police chief Pol General Suwat Jangyodsuk said on Sunday while visiting injured officers that the attacked doctor was a troublemaker and such a person “was a contributor to the chaos”.

Saturday’s clashes with protesters saw 23 police officers being hospitalised with non-severe injuries.

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Baht shows slight weakness against dollar as US economy shows encouraging recovery

NationalFeb 15. 2021

By THE NATION

The baht opened at 29.90 to the US dollar on Monday, weakening from Friday’s close of 29.88.

The Thai currency is likely to move between 29.85 and 29.95 on Monday and 29.80 and 30.10 this week, Krungthai market strategist Poon Panichpibool said.

He said the baht was waiting for new factors to move it. However, the currency this time has moved in line with the dollar, and would tend to fluctuate.

Poon added that the dollar would tend to strengthen in case the US economy recovered more than other regions.

He added that another factor to affect the baht was the fund flow of foreign investors. This week, there will be an offering of Thai Ten-Year Treasury, which would be of interest to some investors and strengthen the baht slightly.

The US economy is showing gradual recovery. National retail sales this month will increase 1 per cent over January due to the US government’s $600 cash handout package.

Meanwhile, industrial production in the US was believed to grow continually by 0.4 per cent from the previous month. Besides, the Capacity Utilization Rate will reach 74.8 per cent, supporting a demand for goods in the market.

In Japan, the economy in the fourth quarter of 2020, to be announced soon, was seen as growing 9.5 per cent over the third quarter.