Monday, July 16, 2018
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Huge Japanese business delegation focuses on EEC

Posted by pakin On September - 12 - 2017 ADD COMMENTS

About 50% of FDI for first half of the year comes from single economic partner.

AS A MASSIVE delegation from Japan visits the Kingdom, Thailand expected them to boost investment in infrastructure, particularly for dual-rail, high-speed trains, by next year to steer development in the Eastern Economic Corridor (EEC), Prime Minister Prayut Chan-o-cha said yesterday.

Other infrastructure projects encouraged by Prayut included ports, aviation and digital systems in line with the 10 new industrial groups targeted to become Thailand’s economic growth engines. “The first five years will focus on these developments. I look to Japan as a good example of train development,” Prayut said.

“In the future, there will also be developments in the West, North and the South. We have to integrate all these plans to connect investments and services, not only among regional provinces but also with CLMV countries,” he said, referring to the grouping of Cambodia, Laos, Myanmar and Vietnam.

The Thai government also expected to facilitate development in the EEC by creating fast tracks such as encouraging more “public-private-people” cooperation, he said.

Thailand plans to invest about Bt700 billion to construct and develop infrastructure in the EEC as part of a five-year plan.

The Kingdom also looked forward to new cooperation and exchanges in industry, innovation and technology as well as support for SMEs, the premier said.

With Japanese SMEs contributing greatly to that country’s economy, accounting for more than 90 per cent of businesses in Japan, Prayut said he expected that they and around 3 million Thai SMEs could help to support each other in creating jobs.

Prayut welcomed at Government House yesterday Hiroshige Seko, Japan’s Minister of Economy, Trade and Investment, along with 570 high-level Japanese business people, representatives from economic organisations and SME entrepreneurs who are visiting Thailand from yesterday until tomorrow.

Seko referred to Thailand’s crucial role as Asean’s industrial hub, which Japanese companies have utilised for a long time. “The numbers of Japanese research and development facilities in Thailand is one example,” the minister said. “Our economic-centric cooperation is going to step up as high-level industry development.”

 

FRESNO, CALIFORNIA – Relatives of two exchange students from Thailand who were killed in California are planning funeral ceremonies after their bodies were pulled from a mangled rental car lodged on boulders in the middle of a river, a Thai diplomat said on Tuesday.

A recovery team reclaimed the two bodies on Friday from the car in the Kings River near Fresno, more than a month after it careened down a cliff on July 26.

Relatives of the two victims endured weeks of waiting before the team felt it was safe to enter the dangerous rapids deep in a gorge.

“It was agonising for them,” said Tanee Sangrat, consul at the Consulate-General in Los Angeles. The relatives have come to “accept the fates of their loved ones,” he said.

The Fresno County Sheriff’s Office used a helicopter to lower the recovery team into the river. They used a hand wench to pull the car to the riverbank and free the bodies.

Crime scene analysts used fingerprints to confirm that the victims were Pakapol Chairatnathrongporn, 28, and his friend Thiwadee Saengsuriyarit, 24.

They were students at the University of South Florida and were visiting Kings Canyon National Park in the Sierra Nevada when their car crashed through a guardrail and plunged into the river.

The story has gripped Thailand, Mr Tanee said.

Authorities have not yet released the cause of death. Fresno officials turned over the remains to a funeral home and relatives will have them cremated before a ceremony expected later this week at a temple in North Hollywood, Thai and Fresno County officials said.

Relatives of Thiwadee will take her ashes back to Thailand, while Pakapol’s cremated remains will be scattered in California because “he loved the US.”

Investigators as a result of the recovery effort also found another car submerged nearby that authorities believe was driven by a missing couple from China.

Officials think the second car crashed into the same stretch of river around Aug 6.

Authorities have said it could take weeks for the river’s level to drop enough for them to retrieve that car and determine if anyone is inside.

 

Appeals Court upholds jail term for Sorrayuth

Posted by pakin On August - 29 - 2017 ADD COMMENTS

The Appeals Court on Tuesday upheld the first Court’s ruling to jail a popular host of morning news programme Sorrayuth Suthassanachinda to 13 years and four months in the Rai-Som bribery and embezzlement scandal.

Sorrayuth, the founder of Rai-Som Co Ltd, has long been a popular host of the morning news show “Rueang Lao Chao Nee”. He has also appeared in two other news programmes; all of them are broadcast on Channel 3.

Last year, Rai-Som, Sorrayuth and one of his former staffers, Montha Thiradet, were convicted of wrongdoing related to the payment of more than Bt600,000 to Pitchapa Iamsa-ard, who was then an employee of MCOT, between 2005 and 2006.

Pitchapa, a defendant in the same case, did not report to MCOT additional TV commercials that Rai-Som aired during its popular TV programme “Kui Khui Khao” on Channel 9. As a result, Rai-Som received additional advertising revenue that was not shared with MCOT, resulting in damages of more than Bt138 million.

 

Cambodian Prime Minister Hun Sen on Sunday denied that former Thai Prime Minister Yingluck Shinawatra had used Cambodia to flee Thailand.

Hun Sen made the remarks during a closed-door weekly meeting with some 4,400 garment workers at Koh Pich Grand Theatre in Phnom Penh, the minister said, without giving other details.

The denial came after media reported that the former Thai prime minister fled her country through Cambodia and Singapore for Dubai earlier this week, after she failed to show up at a court trial.

Thailand’s Supreme Court issued an arrest warrant for Yingluck on Friday after she failed to appear in court on the judgment day of a rice lawsuit filed against her.

The Supreme Court postponed the reading of the verdict for the case against Yingluck until Sept. 27. Her lawyer had reported that the former leader was suffering from Meniere’s disease and feeling dizzy and thus was unable to attend.

Sources from Yingluck’s Pheu Thai Party told the media Saturday that Yingluck had left Thailand last week and flew via Cambodia and Singapore to Dubai where her brother, former prime minister Thaksin Shinawatra, lives in self-imposed exile.

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