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By On September 19, 2018

Thailand Holds Key Rate as Currency Defies Emerging-Market Rout

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Source: Google News Thailand | Netizen 24 Thailand

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By On September 19, 2018

Oscars: Thailand Selects 'Malila: The Farewell Flower' for Foreign-Language Category

'Malila: The Farewell Flower'

Anucha Boonyawatanya's daring gay-themed romance won best director at the Singapore IFF last year.

Thailand has selected Anucha Boonyawatanya's daring gay-themed romance Malila: The Farewell Flower as its submission in the best foreign-language film for the Oscars.

The story of a gay man seeking redemption through Buddhism for his failings, Boonyawatana's film focuses on the love affair between handsome farmer Shane (Sukollawat Kanarot) and Pitch (Anuchit Sapanpong) a skilled draftsman of bai sri - elaborate floral ornaments made from jasmine and banana leaves - who is dying of cancer.

The delicate decorations symbolise the fleeting nature of life - how briefly it blooms and how rapidly it withers, a process reflected in the progression of Pitch's illness.

The film, which has been welcomed by gay communities internationally, won an outstanding artistic achievement award in the special programming section of Los Angeles' Outfest LGBTQ Film Festival in July. It also picked up the best director award at last year's Singapore IFF and the Kim Ji-seok award lasat October at Busan.

Malila: The Farewell Flower is produced by G Village Co-Creation Hub (Thailand). Reel Suspects are handling international sales.

Thailand has regularly submitted films to the Oscars since 1984 but has never been nominated for an Academy Award.

Source: Google News Thailand | Netizen 24 Thailand

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By On September 19, 2018

His Excellency General Prayut Chan-o-cha, Prime Minister of Thailand, Confirmed to Speak at Forbes Global CEO ...

  1. His Excellency General Prayut Chan-o-cha, Prime Minister of Thailand, Confirmed to Speak at Forbes Global CEO ... Forbes
  2. Full coverage
Source: Google News Thailand | Netizen 24 Thailand

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By On September 19, 2018

Thailand Holds Key Rate With Prospect for Future Hike Rising

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Source: Google News Thailand | Netizen 24 Thailand

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By On September 18, 2018

Electric vehicles on the fast track in Thailand

EXPERTS see bright prospects for electric vehicles (EV) in Thailand with all concerned agencies pursuing the government’s goal of getting 1.2 million units on the road by 2036.


There are many reasons and data behind the confidence of success, a seminar was told yesterday.

The rising number of registered EVs, the development of a locally made EVs, as well as research and development of some EV parts are indications that it could have a major role in Thai society, said Amonrat Kaewpradap, a committee member of the Electric Vehicle Association of Thailand (EVAT), at a panel discussion yesterday titled “The future of Electric Vehicle in Thailand”.

The discussion was held as part of the D elta Future Industry Summit, organised by Delta Electronics (Thailand), as a venue for exchanging innovative ideas for a sustainable future.

Amornrat said the number of EVs in use in Thailand was gradually increasing, leading to the continuous growth of infrastructure of charging stations.

“More stations will boost the confidence for consumers in using EVs and so far, there are 500 charging stations in the country, she said.

She pointed out that the accumulated number of EV registrations in Thailand for Battery Electric Vehicles [BEV] and Plug-in Hybrid Electric Vehicles (PHEV) sharply increased from 2016 to 2017.

In 2016, there were 80,194 registrations but the number surged to 10 2,700 in 2017, or an increase of 20,000 units.

Incentives will bring down price

Another indication is the higher imports of EVs, she said, adding that more BEV motorcycles were sold these days, pointing to its popularity.

Moreover, EV manufacturers are hiking production amid increasing demand from buyers.

Also, educational institutions have launched development projects for EV battery, motors and the structure of a light-weight car.

She believes the price of EVs could come down in the future as the government will support its usage with incentives.

Jumpote Himacharoen, director of research and development, Metropolitan Electricity Authority [MEA], said the power agency would provide sufficient electricity to serve the targeted number of EVs.

MEA has recently launched an online application on the locations of EV charging stations for the convenience of drivers.

In a separate panel discussion titled “A Decade into the Future: Predictions for Thai Cities”, participants said smart cities would be the cornerstone of the country’s future urban landscape, with significant investment from the government and private sector.

Pansak Siriruchatapong, the vice minister of the Ministry of Digital Economy and Society, said the government would expand its smart city project to three more provinces â€" Chon Buri, Rayong and Chaochengsao â€" on the Eastern Economic Corridor this year.

Currently, Phuket, Chiang Mai, Khon Kaen and Bangkok are the cities earmarked for the pilot programme.

“Within the next five years, Thailand will develop smart cities in all 77 provinces,” he said.

He added the two factors driving the development of smart cities are the engagement of community and local government and the connectivity and sharing information with technology solutions.

However, Piyapan Tayanithi, Bangkok Bank’s executive vice president, warned th at smart or high-technology is a double-edged sword, and back-up measures were needed in the event of malfunctions.

Piyapan cited an incident late last month when banks’ electronic money transfers, withdrawals and payment services crashed for several hours.

The banks attributed the cause to heavy interbank money transfers at the end of the month at large banks.

“Simplicity or convenience of a group of people could come along with difficulty or complexity for another group [of people],” he said.

Hsieh Shen-yen, president of Delta Electronics (Thailand)

Hsieh Shen-yen, president of Delta Electronics (Thailand), said: “We are currently witnessing the decline of old technologies such as gasoline cars and the gradual shift to smarter, cleaner technologies to power our lives and manage our cities.

“But the shi ft to the future will only gain real momentum when the public and private sectors work together and get serious about action for climate change and managing urbanisation,” he said.

Source: Google News Thailand | Netizen 24 Thailand

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By On September 18, 2018

Progress report for Thailand 4.0: Time to turn it off and on again?

Among recent reports on Thailand’s economy, one in particular stands out.


In April last year, Dr Kirida Bhaopichitr of the Thai Development Research Institute gave a status check that revealed why the move to a digital economy, or “Thailand 4.0”, is so urgent. (“Coping with 4th Industrial Revolution” Thailand’s Economic Growth Imperatives Part 1” can be viewed at https://www.youtube.com/watch?reload=9&v=7Gabe7grazc ).

Kirida focuses on early childhood education â€" 0 to 5 years old, where it all starts â€" and explains the following:

1. 67 per cent of our Child Development Centres do not pass the quality benchmark set by Unicef.

2. 16 per cent of Thai children are stunted, pointing to a food, finance and health crisis.

3. Our productivity is lagging behind that of our Asean peers, and the situation is getting worse as the population ages and the workforce shrinks.

4. The imbalance of university students (68 per cent) versus vocational students (32 per cent) must be corrected. Thailand suffers a serious shortage of quality, up-to-date apprenticeships for vocational students â€" only 5 per cent of Denmark’s vocational-course provision.

5. Disparities between the GDP contributions of different labour sectors signal the need for change. Two examples: Our agriculture workforce (33 per cent) generates only 7 per cent of GDP, while the service-industry workers (42 per cent) generate 56 per cent of the GDP. Only upskilling the workforce via the edu cation system will solve this inefficiency, helping shift labour to more productive sectors like the service industry and thereby enabling Thailand to escape the middle-income trap.

This is the aim of the Thailand 4.0 programme â€" to shift the country from a manufacturing-based economy to a services-driven digital economy. The change necessary is drastic, affecting all levels and almost every sphere of society.

Three years ago columnist Suthichai Yoon, on this page, asked “Where does Thailand stand on the ‘S curve [of progress to 4.0]’ â€" politically, economically and psychologically?”

His answer was both accurate and chilling: “Certainly not on the rising slope.”

Dirk Sumter

Source: Google News Thailand | Netizen 24 Thailand