‘One Bangkok’ and SCG embrace circular economy principles for ambitious property development project

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/corporate/40019584


A 120-billion-baht mega-project, “One Bangkok”, will be the first large-scale property development project in central Bangkok that features new design standard and follows sustainable construction practices under the concept of circular economy.

'One Bangkok' and SCG embrace circular economy principles for ambitious property development project

The 104-rai (16.64 hectares) project is coming up on the corner of Wireless and Rama IV roads, co-developed by Frasers Property Limited in collaboration with the country’s leading construction material conglomerate, Siam Cement Group (SCG). The project aims to create premium office buildings, hotels and retail spaces as well as luxurious residential buildings with combined usable area of 166,400 square metres.

Both companies recently signed a memorandum of understanding (MoU) to manage the project using sustainable construction practices under the circular economy principles in four aspects: Use of precast walls made from recycled concrete from foundation piles, use of Q-CON sound barriers made from recycled lightweight bricks, waste management in the construction site, and turning food waste into fertiliser.

The MoU aims to reduce the use of resources and manage the waste created by the construction and building maintenance, a challenging task in a large-scale construction project in urban areas. Both Frasers Property and SCG hope that their cooperation will help raise construction industry standards in terms of sustainability that can be applied to projects of any scale.

'One Bangkok' and SCG embrace circular economy principles for ambitious property development project

Panote Sirivadhanabhakdi, Group Chief Executive Officer of Frasers Property Limited, said: “One Bangkok is a masterpiece project of Frasers Property that strives to set a new standard in design and sustainability for Thailand’s property landscape. We have been working with SCG, our strategic partner in creating value to the project by laying a groundwork for sustainable construction under the circular economy principles.”

“This endeavour is in line with Frasers Property’s goal of achieving net zero carbon emission target within the year 2050 under the company’s sustainability policy,” he said.

'One Bangkok' and SCG embrace circular economy principles for ambitious property development project

“Frasers Property is committed to driving the industry forward by integrating environmentally friendly practices and social responsibility into our value chain that covers investment, design, development, and operation of our property projects. We aim to achieve efficient usage of energy and resources while using modern techniques and tools to tackle energy- and environment-related problems,” he added.

Nithi Patarachoke, president of SCG’s cement-building materials business, said: “The expansion of the construction business in Thailand has resulted in increasing amount of waste materials. As a leading manufacturer and distributor of building materials, SCG is implementing the circular economy principles by developing new products and services that help minimise construction waste. For example, we have come up with a new concrete mix formula to manufacture ready-to-use concrete sheet from leftover concrete from construction sites.”

“Under SCG’s holistic construction waste management plan, we believe that the One Bangkok project can help raise the standard of the construction industry to be more environmentally friendly by becoming the ‘Green Construction’. This will help promote the sustainable development of Thailand’s infrastructure in the future, due to the simple concept of ‘turning waste to value’,” he added.

'One Bangkok' and SCG embrace circular economy principles for ambitious property development project

The MoU signed by Frasers Property and SCG covers four aspects of sustainable construction management:

▶︎ Using scrap concrete from cutting foundation piles to manufacture precast walls for use in the One Bangkok project 

The move aims to reduce waste and dust particles from the construction site by implementing a new crushing technique on foundation piles’ caps that will allow the scrap concrete to be recycled into precast walls to be installed as the external wall of buildings in the One Bangkok project.

▶︎ Holistic construction-waste management plan

Frasers Property has assigned SCG to be responsible for the sorting and management of wastes from the construction site of One Bangkok, including construction waste, toxic waste and food waste from the start of the project. SCG will use the latest technology to track the amount of waste in real time to plan a waste management strategy accordingly and ensure efficient waste management throughout the construction site.

▶︎ Use of leftover lightweight bricks to manufacture Q-CON sound barriers

SCG will use aggregating machines to turn leftover lightweight bricks into a mixture to manufacture Q-CON sound barriers to be fitted at the tunnel wall leading to One Bangkok’s entrance. This will be Thailand’s first commercial-scale use of recycled concrete waste to make Q-CON sound barriers.

▶︎ Use of food waste composter machine to turn food waste into fertiliser 

The One Bangkok project will install food-waste composters that are widely used by leading establishments worldwide to turn food waste into soil fertiliser for the project’s gardens and parks. These composters operate in a closed-circuit system to minimise unwanted odour and can decompose food waste into fertiliser in 10 hours. The finished fertiliser has been tested for safety, is free of germs and contains necessary minerals as per the Department of Agriculture’s requirements. In the early phase, the composters will be used mainly to manage food waste from construction camps, while later when the project finishes, they will be installed throughout the project areas.

To emphasise its commitment to becoming an environmentally friendly and socially responsible project, One Bangkok will also join the Thailand Sustainability Expo 2022, which will be held at the Queen Sirikit National Convention Centre in Bangkok from September 26 to October 2. Organised under the concept of “Sufficiency for Sustainability”, the expo will feature exhibitions, seminar sessions on sustainability, showcases of world-class innovations for society and the environment, as well as a variety of activities.

One Bangkok is a 120-billion-baht fully-integrated district and Thailand’s largest private property development project, comprising five premium office buildings, five luxury and lifestyle hotels, three luxury residential towers, four interconnected retail precincts, and art and cultural hubs located on a 104-rai (16.7-hectare) plot at the corner of Wireless Road and Rama IV Road.

One Bangkok aims to achieve Thailand’s first LEED for Neighbourhood Development Platinum standard. Additionally, all five premium office towers and a residential tower will be built to WELL Platinum standards, setting a new benchmark for green and sustainable developments for Thailand.

The first phase is scheduled for opening in the last quarter of 2023 with full completion in 2026.

Published : September 02, 2022

By : THE NATION

True-Dtac merger deal still in chaos; Chula president urged to investigate its merger survey after widespread doubts in transparency

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/corporate/40019664


(September 2, 2022) The NT State Enterprise Union group submitted an appeal to the President of Chulalongkorn University requesting an investigation on research services of Chula Unisearch, in the matter of the business merger between True Corporation PCL and Total Access Communication PCL or Dtac.

True-Dtac merger deal still in chaos; Chula president urged to investigate its merger survey after widespread doubts in transparency

Prof Dr Parichart Sthapitanonda, Vice President for Academic Affairs and Social Outreach at Chulalongkorn University, was delegated to receive the document on this occasion.

The appeal stemmed from the news that the National Broadcasting and Telecommunications Commission (NBTC) had hired Chula Unisearch to perform a study and analysis of the business merger between True and Dtac for a sum of 10 million baht. Subsequently, parts of the study were disclosed and it appeared that there was broad public criticism of the quality and standards of the work with the following issues:

1. The issue of NBTC’s powers of consideration according to the law

Chula Unisearch had the opinion that NBTC, despite being an independent organization under the Constitution with the authority and obligations to regulate broadcast and telecommunications businesses, but however lacked the authority to approve or disapprove the business merger on this occasion. It is only able to specify conditions or specific measures to enforce. Also, the results of the study also stated that the Announcement of NBTC in the matter of measures to oversight on Telecom business mergers of 2018 was a secondary law with without the basis of legal authority established by the original law. Therefore, the authority to consider the merger was under the oversight of the Trade Competition Commission Thailand.

This opinion was severely criticized for being in complete conflict with the opinion of the NBTC Subcommittee which had been appointed with a former Arbitrator at the Supreme Administrative Court, a former High Court judge, and an academic from the Faculty of Law involved with teaching and research in trade competition law. It was also in violation of the order of the Central Administrative Court in Case Black no. 775/2565, which stated clearly that NBTC has the legal authority to consider approval or disapproval of this business merger, if it was seen to be causing a monopoly, or reducing or limiting competition in telecommunications. Also, the Trade Competition Commission had also previously affirmed that the merger of these telecom businesses was in the authority of NBTC, according to its establishing laws.

True-Dtac merger deal still in chaos; Chula president urged to investigate its merger survey after widespread doubts in transparency

2. Issue of business merger impact analysis 

It is well known and of great interest to the general public that the business merger between True and Dtac is one of the largest ever mergers in the country’s history. It will give rise to a new company with market share in mobile phones of over 50%, in terms of both users and revenues, as well as industry. Most importantly, it will reduce big operators in the market, which currently has severe competition between three operators, to just two. This is a state of monopoly, impacting service users who will shoulder the burdens of more expensive service charges. The two big service providers will have no further incentive to compete, particularly on price. In a study from TDRI, a large number of academics from all around the country, consumers associations and organizations, and the general public have expressed opinions objecting to the merger or disagreeing with it. Even the study of NBTC’s Economic Subcommittee, established for this express purpose, had an opinion in the same direction.

However, it appeared that the opinion of Chula Unisearch had failed to demonstrate an analysis or opinion on this impact in any clear way. Moreover, it had the characteristic of inclining in favour of the merger, by invoking various benefits such as economies of scale, more efficient access to network signal, better coverage, building resilience into the network quality, and providing greater convenience to consumers from an increased number of after-sales service outlets, etc. All of these points are the benefits of the service provider and overlook the severe impacts on the general public of service users. This report, besides having issues of research quality and professionalism, also raised doubts and suspicions about its ultimate objective, as to whether it really was fulfilling the needs of the Office of NBTC, its client, or vested interests in this business merger, if it comes to fruition.

True-Dtac merger deal still in chaos; Chula president urged to investigate its merger survey after widespread doubts in transparency

The NT State Enterprise Union group were acting as concerned members of the public with this criticism which had occurred. Chulalongkorn University is an institution with a long-standing high reputation among educational establishments, as a leading national center of knowledge, producing personnel with quality and ethics, to bring prosperity and progress to the country and benefit the people. It is also a highly credible organization with the trust of the people for over 100 years since its foundation. Issuing studies or reports in the university’s name implicate the university and the reputation of other faculties. Operations should be circumspect and neutral according to universally accepted academic principles. They should be able to justify their opinions, the results of their research and or object constructively. This particularly applies to research or reports with impacting on the general public of mobile phone service users, who are most people in the country.

True-Dtac merger deal still in chaos; Chula president urged to investigate its merger survey after widespread doubts in transparency

Therefore, the NT State Enterprise Union group requested the university to conduct an investigation on procedure for taking on work, and on the research procedures or academic research reports from Chula Unisearch. These should be transparent and according to academic principles and the principles of research. They should be conducted in an appropriate time frame, and they should yield quality results without any suspicions attached, to maintain the good reputation of Chulalongkorn University.
 

Published : September 02, 2022

NIA envisages Thailand as innovation-driven Food Silicon Valley

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/econ/40019674


Thailand’s National Innovation Agency (NIA) has set the goal of transforming the country into the world’s Food Silicon Valley. It is part of the agency’s policy to transform Thailand into an innovation-driven economy.

NIA envisages Thailand as innovation-driven Food Silicon Valley

NIA executive director Pun-Arj Chairatana said during the “Thailand Global Innovation Forum 2022” on Friday that innovation is the key engine propelling the country forward in this post-pandemic era.

He said that the country’s innovation is already above average in comparison with other countries. However, Thailand is not in a good position because there are still many disadvantages to overcome.

Thailand’s progress is hampered by a lack of clear regulations, insufficient financial support and funding, and fewer outstanding startups. According to the most recent Global Innovation Index (GII), the country has remained ranked 43rd or 44th since 2020.

“If we don’t come out with practical policies and strategies, other countries will overtake Thailand. We cannot let that happen,” said Pan-Arj.

He suggested that all parties involved start by focusing on the food industry, as it is one of Thailand’s core businesses.

NIA envisages Thailand as innovation-driven Food Silicon Valley

Many of the world’s leading food companies are Thai, indicating that the country already has a global supply chain and production. Hence, simply increasing efforts to improve food innovation will assist Thailand in leapfrogging others.

Besides, as Thailand is very competitive and well-known in the food industry, this will help to attract leading food innovation nations like the Netherlands, France and Israel to invest and collaborate with Thailand.

“We have more chance than other competitors when it comes to the food business,” said Pan-Arj.

Pan-Arj stated that the NIA, as the agency in charge of facilitating all parties in adopting and developing innovation, will help incubate and accelerate startups, connect these small startups with big names in the markets, and mitigate risks to the greatest extent possible.

The agency also will encourage the government to implement supportive policies and a sandbox, establish a financial innovation system, and collaborate with universities to groom talents.

NIA envisages Thailand as innovation-driven Food Silicon Valley

Speaking on the topic of “Global Foresight: Futures of Innovation Nation”, René Rohrbeck, director of the Chair for Foresight, Innovation and Transformation, EDHEC Business school, France said there are four factors that will drive change in Thailand.

The first factor is Thailand’s 4.0 policy, which aims to transition the country from a manufacturing-based to a technology-based economy. Then there’s the expansion of international services, from solely relying on tourism to offering professional services with indirect businesses all the way up the value chain.

The next factor is to transition to innovation and knowledge-driven economy, which will provide skilled labour to the country. The final factor is that Thailand places a high priority on a green economy and sustainable development.

Thailand Global Innovation Forum 2022 is being held to commemorate the NIA’s 13th anniversary as a public organisation. To commemorate the occasion, the agency has set the goal of propelling Thailand into the top 30 Global Innovation Nations by 2030.

Published : September 03, 2022

By : Nongluck Ajanapanya

SEC cracks down on crypto companies for making false promises

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/econ/40019651


The Securities and Exchange Commission (SEC) has said it is tightening controls on cryptocurrency companies to protect retail investors and bring Thailand’s crypto trading standards up to international levels.

SEC cracks down on crypto companies for making false promises

In a statement on Thursday, SEC said some crypto trading advertisements did not include a warning on the currency’s high volatility. SEC said most promotions only highlighted positive information, with the warning printed in a font that is too small to read.

“These advertisements can lure people into investing without considering the risks and conditions, which could result in damages to the investors,” SEC said.

The companies have 30 days to comply with the new rules, which include:

• Advertisements cannot feature false, misleading or exaggerated claims. Firms can only advertise the number of customers who have actually opened an account and are using the services.

• Operators must provide SEC with details of advertising spending and the use of influencers and bloggers as per SEC’s terms, conditions and timeframe.

• Warnings should be clear and easy to read, while advertisements must feature balanced views providing information on both positive and negative factors.

• Crypto companies must limit their advertisements to official channels such as their website to prevent impulse buying. Other services, however, can still be advertised via other channels.

SEC has also barred cryptocurrency operators from having an “introducing broker agent” or IBA, a licensed agent who advises customers on investments in exchange for a fee. Operators of digital tokens, however, are allowed to have an IBA.

The commission has been cracking down since the crypto industry came under greater scrutiny. On Wednesday, it imposed a 1.92 million baht fine on digital asset trader Zipmex Thailand Co Ltd for suspending digital asset trading and stopping investors from depositing or withdrawing from the company’s crypto wallets in late July.

On Tuesday, Samret Wajanasathian, chief technology officer of crypto exchange company Bitkub, was fined 8.53 million baht for insider trading. He was also barred from holding an executive position for 12 months.

Last week, Siam Commercial Bank backed out of a 17.85 billion baht deal to buy the majority share of Bitkub, citing unresolved issues with the securities regulator.

Published : September 02, 2022

By : THE NATION

Creditors accept THAI’s revised rehab plan

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/econ/40019648


Most of Thai Airways International (THAI)’s creditors have accepted the revised rehabilitation plan, which the airline says will be a key step towards its recovery.

Creditors accept THAI’s revised rehab plan

The national carrier reported to the Stock Exchange of Thailand on Thursday that creditors who hold 78.59 per cent of the total debt had accepted its plan in a meeting conducted online by the Official Receiver. The plan had been submitted to them on July 1.

The result will next be reviewed by the Central Bankruptcy Court in a hearing on September 14, THAI said.

Thanking the creditors for their confidence in the plan, THAI said this will help the airline lay its foundation for sustainable growth and profit-making abilities in the future.

Under the revised plan, THAI aims to borrow 12.5 billion baht over six years and another 12.5 billion baht in the shorter term, the airline’s chief of finance Chai Iamsiri said.

Previously, THAI expected to face a cash deficit of 50 billion baht and planned to match that by borrowing 25 billion baht from state agencies and the remainder from private institutions.

Creditors accept THAI’s revised rehab plan

Chai said the airline had discussed the revised plan with stockholders and the Finance Ministry supported it.

He added that there were two ways of finding funds, one was seeking additional funding via debt-to-equity deals with current creditors or getting funds from stockholders and new investors, while the second was to find new lenders.

He said that if the airline manages to get enough funding from existing sources, it will not need to seek new ones.

Thanks to the recovery of the aviation industry and high booking rates, THAI said it is confident this rehabilitation plan will be successful and achieved within the deadline.

Published : September 02, 2022

By : THE NATION

BOT eyes decree on leasing, hire-purchase sector in bid to control informal lending sector

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/econ/40019644


The Bank of Thailand (BOT) is preparing a draft royal decree to supervise the leasing and hire-purchase market to tackle informal debt issues.

BOT eyes decree on leasing, hire-purchase sector in bid to control informal lending sector

Suwannee Jatsadasak, BOT’s senior director, said the draft royal decree under the 2008 Financial Institution Business Act is being created to protect people, especially those buying cars or motorcycles under long-term leasing or hire-purchase deals.

She said the decree will focus on supervising non-banking facilities and dealers’ market conduct and macro-prudential regulations to ensure household debts in Thailand do not get out of hand.

She said that since the leasing and hire-purchase sector was rising by about 5.5 per cent per year, complaints against these businesses will likely increase.

“BOT is currently talking with the Consumer Protection Board about the option of supervising fees and interest rates applied in the leasing and hire purchase sectors,” she said.

Meanwhile, Thailand Motorcycle Hire Purchase Association president Mongkol Peanpitakkit complained many non-banking entities and dealers do not understand some details of the draft royal decree.

“They don’t understand some details, such as what they are expected to do with market conduct,” he said.

Mongkol, who is also managing director of T-Leasing, expects the leasing and hire-purchase of motorcycles to grow in the fourth quarter of this year, thanks to the recovery in the economy and production capacity.

He added that T-Leasing was maintaining its growth target of 25 per cent.

A source from the motorcycle leasing and hire-purchase sector said the decree will focus more on dealing with informal lenders as they have not been under official supervision yet.

The source also expects BOT to require that informal lenders register their business in the future.

Published : September 02, 2022

By : THE NATION

Why Prayut, or any living PM, has not reached tenure limit

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/blogs/perspective/opinion/40019682


“It is not really that complicated and I cannot see any particular legal issue to bar General Prayut Chan-o-cha from serving the country for another four-year term. He will complete his eight-year term limit according to the Constitution in 2027.” That was what I had said in an interview to an English news agency, which aired around the world a week ago.

Why Prayut, or any living PM, has not reached tenure limit

Amorn Wanichwiwatana

Special to The Nation

So, what if things will not go that way? Of course, I only have to be direct and sincere that my stance is simply a legal opinion shared by many other legal experts. It could either perfectly match the eventual court verdict or go the other way.

In our country, we used to mess up the one ballot system and its calculation method by which we elected both party-list and constituency representatives. This ended up with us having several representatives, especially from small parties, who won the seat despite getting lesser votes than the ideal vote numbers. For instance, the law prescribes 70,000 votes for one MP, but some small parties could have an MP despite getting less than 30,000 votes, due to the “every vote counted” principle.

I have already challenged in many forums that the Constitution allows the Election Commission to find the proper calculation method by interpreting the law’s intent. I, personally, have always support the principle of “every vote counted”, but once we have already made a short-list of all candidates, this means their votes had already been taken into account and counted! Thus, anyone who got votes less than the prescribed votes calculated by law, must be ousted with no questions asked. Then we need to recalculate the votes of parties that failed to reach the ideal vote numbers and pass on the votes to top-ranked parties on the short-list. Some might agree or disagree with this kind of thinking, but it is fair enough. It is very similar to the way a Constitutional Court recently ruled 5:4 to suspend General Prayut from duty. Does anyone think that the 5 votes are more correct than the other 4 votes? No, we are not doing things that way, for sure! This is not only about legal opinion as I earlier mentioned, it is also the importance of majority rule and minority rights concept.

The same thing happened when the US Supreme Court, in a 6:3 ruling, overturned Roe v Wade, ending the right to abortion guaranteed for decades. I do not think anyone will say “the three judges are weaker or less intelligent than the majority six”. These are all about legal matters, there is no absolute wrong or right, especially in dealing with socio-legal issues.

I still remember current Deputy Prime Minister Prof Wissanu Krea-ngam saying at the time he met the president of the Constitutional Drafting Commission (CDC), Prof Meechai Ruchuphand, me and other members on day one following the inception of the CDC in 2015. He said: “In the previous years, we have had too many lawyers assisting the country in drafting a number of laws. As of now, we do need some socio-legal experts to share societal viewpoints and perspectives on social and humanity domains. Otherwise, we will always see things from the same direction.”

Thailand is currently administered by code law but is also influenced by the common law in many areas. Civil law or code law mainly focuses on the written legal facts that appear in the law, unlike the common law which may vary at the discretion of judges or jurors.

I found it really difficult when I had to participate in a B.CL. reading class in Oxford due to the large number of “case laws”. I needed to read similar cases which might differ from one another in terms of the court ruling.

As a spokesperson and a former commissioner in the CDC, it seems to be boastful to say that I am confident in my knowledge of the Constitution and all organic laws in which I got involved. This includes “the constitutional intent” that I also participated in, sharing my views in the committee presided over by Prof Supachai Yavaprapas, the former dean of political science at Chulalongkorn Unversity. I also raised questions if need be and am very proud to have been a part of the CDC, and that its president, Prof Meechai, is a democratic leader, who is open-minded and patiently listened tirelessly to all members’ arguments.

In the case of General Prayut, he had to be suspended from duty because the court procedure allows judges to use their discretion to do so for the sake of the majority interest. The court has not yet ruled on whether Prayut has to step down or for how long he can remain in power. We need to wait and see. I disagree, however, with those who apply the temporary clause (Article 264) in the Constitution to convince us that he must be expelled on the 24th of August. This is due to the intent of that article simply wanting to have the former government, prior to the new Constitution coming into effect, officially have the same duties and responsibilities as the government under the newly written Constitution should do. We all know well that a general election was not held at the time. We cannot interpret the law that General Prayut, or for that matter any of the living former prime ministers, have reached their term limits. Nevertheless, the court will have the final say and we all have to respect the court’s verdict no matter what.

Amorn Wanichwiwatana, DPhil (Oxon), is a political scientist at Chulalongkorn University.

Published : September 03, 2022

By : Amorn Wanichwiwatana

Korn set to join Chart Pattana as economic czar

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/in-focus/politics/40019662


Former finance minister Korn Chatikavanij, now leader of the Kla Party, is set to join the Chart Pattana Party as its economic team leader, it was announced on Friday.

Korn set to join Chart Pattana as economic czar

At a joint press conference on Friday, Korn said that his party would not be merging with Chart Pattana as had been rumoured.

“Kla will still retain its status as a political party. Everyone in the party agrees to this coordination [between Korn and Chart Pattana],” Korn said.

Whether other politicians from the Kla Party would be moving along with him was a matter for the future, in accordance with the relevant legal steps, said Korn.

However, he avoided a question as to whether he had quit Kla to become a Chart Pattana member.

Korn was speaking at a press conference held at the Bangkok house of Chart Pattana Party chairman Suwat Liptapanlop.

Korn set to join Chart Pattana as economic czar

The Constitution prohibits a merger of political parties with elected MPs during the term of the House of Representatives.

Chart Pattana, a coalition party, has four MPs while Kla Party was founded in June 2020, over a year after the 2019 general election.

Suwat confirmed on Friday that the press conference was not about a merger of the two parties. He said that Korn was invited to join Chart Pattana due to his strong economic background — having served as finance minister when the world economy was impacted by the US subprime mortgage crisis.

Suwat said he was convinced that as head of Chart Pattana’s economic team, Korn would be able to help save Thailand from the ongoing economic crisis.

He also said that Chart Pattana was ready to accept Korn and others from the Kla Party.

Korn set to join Chart Pattana as economic czar

Korn will serve in an “important party position” that would allow him to tackle the economic crisis, Suwat said. However, it remains unclear if Korn will be a prime minister candidate of Chart Pattana in the next election.

Chart Pattana has called a meeting of party executives next week when Korn’s role and position in the party are expected to be discussed.

Published : September 02, 2022

Prayut ‘confident’ after legal team submits tenure defence

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/in-focus/politics/40019661


General Prayut Chan-o-cha appeared confident after his legal team submitted its case on his tenure as prime minister, a source at Government House said on Friday.

Prayut ‘confident’ after legal team submits tenure defence

The Constitutional Court accepted the opposition’s petition to rule on Prayut’s tenure expiry on August 24, also suspending him from duty and giving him 15 days to submit his defence.

Prayut’s legal team submitted the document to the court on Thursday (September 1).

The source said the 30-page document cites legal principles to identify the start date of Prayut’s tenure as prime minister. “The court did not reveal when the ruling will be given, and it could ask Prayut to provider further explanation on specific topics if needed,” the source said.

Under Article 158 of the 2017 Constitution, a prime minister cannot hold office for more than eight years in total, whether consecutively or not.

The start date for Prayut’s eight-year tenure is disputed.

Many insist his eight-year term started when Prayut first assumed office on August 24, 2014, following the military coup he led in May that year. This would mean his tenure expired last week on Wednesday.

Others say his tenure as PM began when the current Constitution came into force on April 6, 2017. A third group views that it should be counted from when Prayut assumed the premiership on June 9, 2019, following the general election in March that year.

Published : September 02, 2022

By : THE NATION

Prayut returns PM’s car and motorcade vehicles

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/in-focus/politics/40019652


General Prayut Chan-o-cha has returned the Prime Minister’s vehicles to Government House as he has been suspended by the Constitutional Court from performing his duties as PM.

Prayut returns PM’s car and motorcade vehicles

Prayut’s driver returned the Prime Minister’s car and three motorcade vehicles to Government House to prevent criticism.

Meanwhile, Prayut on Friday was visiting soldiers who are engaged in flood prevention in Ayutthaya province. He travelled in the Defence Ministry’s Toyota Land Cruiser.

The majority of Constitutional Court judges on August 24 voted to accept an opposition petition for deliberation on Prayut’s tenure as PM and suspended him from duty until they issue a ruling. Prayut took office on August 24, 2014, while the 2017 Constitution stipulates that a prime minister can serve for only eight years. Rival parties are divided on when the counting of the tenure should begin.

Prayut, as Defence Minister, travelled in his personal car to the Defence Ministry in Bangkok on August 26 to sign several documents for around 30 minutes.

Published : September 02, 2022

By : THE NATION