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Tom Knox in the prehistoric temple 2010/04/27

Filed under: 2010,Agriculture,The Nation — SoClaimon @ 7:41 am

April 26, 2010

ผ่านทางTom Knox in the prehistoric temple.

The astonishing tale of ‘The Genesis Secret’ has made British novelist Sean Thomas comfortably wealthy. He wrote it in Bangkok

Nanmee Books had British novelist Sean Thomas in Bangkok recently to promote its Thai translation of his novel “The Genesis Secret”, described as a “literary thriller” that blends “The Da Vinci Code” with “Raiders of the Lost Ark”.

Except that Sean Thomas didn’t write it – his pseudonym did: Tom Knox.

Born in Devon in 1963, Thomas is a journalist and occasional TV presenter as well as a novelist – “Absent Fathers” came out in 1996, “Kissing England” in 2000 and “The Cheek Perforation Dance” in 2002.

In 2006 there was his autobiography, “Millions of Women are Waiting to Meet You”. It reached No 6 at Amazon UK and has been optioned for American television and found publishers across Europe, into Russia and on to South Korea and the US.

But last year’s “The Genesis Secret”, which marked his debut as Tom Knox, is garnering Thomas a far wider audience, stretching to Australia, Southeast Asia and Brazil – though not Kurdistan, where the recent discovery of an ancient temple provides the novel’s basis.

Possibly dating to 10,000 BC, Gobekli Tepe is the world’s oldest temple, predating the Great Pyramids.

War correspondent Rob Luttrell pays a visit just in time to see the temple sabotaged and a murder committed. Meanwhile back in Britain, Detective Forrester is faced with a series of gruesome “mystical” murders that seem connected with ancient Middle Eastern religions.

The Nation got to tug at the plot threads in an interview with Thomas at the Bangkok International Book Fair.

You’ve visited Thailand a lot.

I’ve been here many times. I spent my time in Bangkok finishing this novel last time. And I’m here now to finish the next one.

Thailand is a very good base to write. I live in a hotel off Sukhumvit Road. It’s tranquil and sunny. I like the food.

Did you get the idea for “The Genesis Secret” here?

I was in my flat and saw a short television report describing this amazing temple being excavated in a very remote part of eastern Turkey. It’s 12,000 years old – incredibly old.

I had a decision as a freelance journalist. I flew to Istanbul and travelled to that remote and dangerous Kurdistan area, where a sort of civil war was going on back in 2003.

I arrived in this hot dusty Kurdistani city and suddenly there it was, quite big. About 5 per cent of the complex had been uncovered. Most of it was underground. There were beautiful stone carvings of lions, snakes and birds.

The reasons these carvings are still so beautiful is because the whole complex was deliberately buried in 8000 BC, by those who we used to believe were cavemen. Actually, who built this place remains a mystery. The chief German archaeologist at the site told me we were the first people to see it since the Ice Age – a good line for a journalist!

My impression was there would be a big story. I was amazed, and the temple was much more impressive than what had been reported on TV. It’s more important than the discovery of Tutankhamun. It changes all of human history. The temple predates agriculture and writing.

The facts are amazing – why turn to fiction?

I was really poor: Life as a freelance journalist sees income ups and down. So my literary agent said, “Why don’t you write a thriller about that temple you told me about?”

I’m very passionate about history and archaeology and my novels tend to combine my passions.

How is “The Genesis Secret” selling?

It’s been sold in 23 countries, translated into 21 languages, including Thai. More than 300,000 copies have been sold. I’m very pleased to say it’s been a commercial success. I used to be poor. Now I’m quite rich, not very rich, which is nice. I can choose what I want to do. I still do journalism. But I do stories I like to do. That’s a great thing.

What’s the new book about?

It’s set in Cambodia, Thailand and Laos. It’s a mix of history, murder and violence. Part of the story is about the Khmer Rouge. It’s more a historical book, a contemporary adventure mystery.

I’m trying to explain what happened to the Cambodians. I think it’s to do with the rejection with religion. Pol Pot wanted to kill God, not just stop people believing. I think if you do that in society, then an evil arises.

You were in Cambodia recently.

I went to Pol Pot’s grave. There’s a spirit house there and people come to pray. There was this Thai man who prayed to Pol Pot’s ghost for lottery numbers. He believed Pol Pot would give him the winning numbers.

Is Cambodia the focus of your reading at the moment?

I’m reading Cambodian history. I particularly enjoyed a good biography of Pol Pot by Philip Short, and another book called “Wolf Hall” by Hilary Mantel, which won the Booker Prize.

What’s your main objective when writing a thriller?

I want to make it entertaining, with a good story and interesting details that you enjoy.

One reviewer put you in the same league as Dan Brown.

Dan Brown is not a very good writer of English, in terms of style – he’s not Shakespeare – but he’s very good with the plot. Writing a plot is like putting together a machine, like building a clock. He does that superbly well.

The reason “The Da Vinci Code” sold so many copies is because it’s a fantastic story in terms of construction. I took it apart piece by piece to see how he did it.

Can writers learn something from “The Genesis Secret”?

Why do human beings have this propensity for violence? Why do we have human sacrifice? Why do so many religions have a dark side to them?

In Christianity there’s the death of Christ. In Judaism there’s circumcision and animal sacrifice. Always religions have this violence. This book tells you why.

All of the great religions were born in Kurdistan about 8000 BC. This book tells you why they’re the way they are.

 

Invetsment applications up 48% 2010/04/27

Filed under: 2010,Agriculture,The Nation — SoClaimon @ 7:38 am

Published on April 22, 2010

ผ่านทางInvetsment applications up 48%.

Investment proposals worth Bt109.1 billion submitted to the Board of Investment in the first quarter were 48.6 per cent higher than those received in the same period last year.

BoI secretary-general Atchaka Sibunruang said yesterday the number of applications from January-March reached 311, of which 116 worth Bt30.8 billion came in the last month.

The infrastructure and services industries showed the highest number of applications for investment privileges with a combined value of Bt59.5 billion. Most of the proposals were for natural gas-fired power plants.

Other industries asking for investment promotion from January-March were metal, machinery and transportation devices, with combined investment worth Bt17 billion. They involved the manufacturing of auto tyres, auto parts and machinery.

Third ranked was agriculture with projects worth Bt14 billion for ready-to-eat food and rice. Electronic components and electrical appliances were ranked fourth with projects valued at Bt7.2 billion.

BoI expects the 311 projects to create 45,980 industrial jobs.

 

Bangkok Bank’s second Malaysian branch opens 2010/04/27

Filed under: 2010,Agriculture,The Nation — SoClaimon @ 7:37 am

Published on April 21, 2010

ผ่านทางBangkok Bank’s second Malaysian branch opens.

Bangkok Bank will officially open a second branch in the Malaysian port town of Johor Bahru today, as its aggressive regional expansion continues.

Staporn Kavitanon, chairman of Bangkok Bank Berhad, said the Malaysian central bank had granted the Thai bank eight branch licences despite a request for just two. Bangkok Bank has operated a Malaysian incorporated bank in Kuala Lumpur since 1959.

It had assets of 2.07 billion ringgit (Bt20.8 billion) as of the end of last year. Among its major Malaysian customers are the Robert Kuok Group of Companies and the Genting Group.

The Johor Bahru branch opening will be inaugurated by Thai Finance Minister Korn Chatikavanij and Malaysian Deputy Finance Minister Chor Chee Heung. Malaysian Prime Minister Najib Razak, who is the concurrent finance minister, is away on an official visit to Japan.

They will be joined by a delegation of about 100 Thai business leaders and Bangkok Bank’s senior executives, led by chairman Chatri Sophonpanich.

The Thai delegates will join their Malaysian counterparts at a seminar organised to celebrate the opening of the new branch. The seminar on Thai-Malaysian economic relations is put together by Narongchai Akarasenee, chairman of Export-Import Bank of Thailand. Both he and Staporn are advisers to Thai PM Abhisit Vejjajiva.

“We are going ahead with the activities as scheduled,” said Staporn, in reference to the ongoing Thai political crisis and threats

by protesters to march to the financial district on Silom Road.

Bangkok Bank Berhad was established as a local bank in line with the policy of the Malaysian government. It has thrived and grown as a profitable organisation, under a professional local management team, in line with the impressive growth of the Malaysian economy, said Staporn.

Staporn, a board member of Bangkok Bank and former secretary-general of the Board of Investment, said Zeti Akhtar Aziz, the governor of the Malaysian central bank, has known him for a long time and the granting of the new branch licences was based on Bangkok Bank’s track records.

Bangkok Bank’s international branch network is already the largest among Thai banks. Staporn said the Johor Bahru branch expansion and grand opening event would serve as a model for Bangkok Bank’s further expansion in China and elsewhere in Asia.

“We want our presence to be felt and to signal that we can compete regionally with western banks. We will have a similar thrust also in China,” he added.

The Johor Bahru economy is based on a mix of agriculture, manufacturing, commerce and tourism. It is Malaysia’s major producer of palm oil, rubber, pineapples and bananas, and houses an international port and many industrial estates.

 

Asean-India talks fire Thai enthusiasm 2010/04/27

Filed under: 2010,Agriculture,The Nation — SoClaimon @ 7:35 am

Published on April 19, 2010

ผ่านทางAsean-India talks fire Thai enthusiasm.

With continuing growth of the Indian economy, Thailand is planning to forge a resilient partnership in trade and investment cooperation with the revival next year of the Asean-India Business Council (AIBC), after its deliberations have been suspended for nearly four years.

The move is part of closer cooperation between Asean and India following the signing of their free-trade agreement last August.

Trade Negotiations Department deputy director-general Noppadon Sarawasi said the private sector had played a significant role in driving trade and investment between Asean and India. Reviving the AIBC will lead to better opportunities for increasing trade and investment on both sides.

The seventh Asean-India Summit, held in October last year, agreed on the revival of the AIBC and fixed a date for its next meeting – one day before the Asean-India Business Summit in New Delhi next year. Thereafter, meetings will be held twice a year.

“The private meeting of the AIBC is an efficiency mechanism to strengthen cooperation between the government and private sectors. Private participation will help to eliminate any barriers to trade and investment, while addressing any particular need from the private sectors,” Noppadon said.

To motivate private-sector participation, the department has asked the country’s most powerful private organisations – the Federation of Thai Industries (FTI), the Board of Trade of Thailand and the Thai Bankers’ Association – to send two representatives each to next year’s meeting.

The FTI’s principal representative will be Boonpeng Santiwattanatam, a federation committee member concerned with Thai-India, Asean-India, and Bimstec (Bay of Bengal Initiative for Multisectoral Technical and Economic Cooperation) free-trade agreement affairs.

He said the private sector was already working on the detail of the negotiation issues, which would focus on investment.

At present, Asean and India are negotiating the liberalisation of investment, and talks are expected to be finalised this year.

Asean and India have already implemented liberalisation of trade in goods since the signing of their free-trade agreement last year. They are expected to reach a conclusion on investment this year and then on services later, turning the FTA into a more comprehensive pact, Boonpeng said.

However, due to possible affects on the competitiveness of Thai enterprises arising from investment liberalisation, this issue will be one of the major points raised at the AIBC talks, he said.

Potential areas of investment are agriculture, goods manufacturing, healthcare and construction, while sectors in Thailand concerned about investment liberalisation include steel, automobiles and pharmaceuticals.

Moreover, Thai businessmen want to see progress towards the Thailand-India Free-Trade Agreement, following implementation of the associated early-harvest programme.

Boonpeng said bilateral talks between Thailand and India should also be addressed because such talks should benefit Thai traders and investors more than the regional pact.

The AIBC meeting aims to provide a private-sector perspective and feedback on the broadening and deepening economic ties between Asean and India.

It also aims to identify priority areas for enhancing economic cooperation between Asean and India by facilitating, coordinating and promoting private-sector participation.

Thailand has set an ambitious target of boosting two-way trade with India to US$7.5 billion (Bt242 billion) this year, from $6 billion last year. India is Thailand’s 10th-largest export market. The value of exports to India last year reached $3.22 billion. In the first two months of this year, exports to India jumped by 114.02 per cent year on year to $777.86 million.

Bilateral trade is expected to exceed $10 billion by 2012.

 

Market View: April 19-23 2010/04/27

Filed under: 2010,Agriculture,The Nation — SoClaimon @ 7:31 am

Published on April 19, 2010

ผ่านทางMarket View: April 19-23.

SET faces further selling pressure as stand off drags on.

CHAIYAPORN NOMPITAKCHAROEN

Head of research, Bualuang Securities

The Stock Exchange of Thailand closed sharply lower last week after the government failed to clear the red shirted protesters from the capital’s streets. The implication is that the government’s credibility is eroding. We believe the political tensions are nearing a peak, as the government cannot allow the protesters to stay for much longer at Bangkok’s Rajaprasong intersection. It is now just a matter of how long it will play out, and what options the prime minister has at his disposal. The stock market will likely move downward further this week on these unsolved problems. Our analysts have not yet revised their forecast down, given that it may be too early to justify the potential negative impacts on individual stocks. The Thai stock market remains cheap at an estimated price-earnings ratio (P/E) of 11 times, compared with 14 times for Asia. The yield gap favours the stock market now, and we are looking forward to hunting for bargain stocks at current levels. Stock picks: CPALL, CPF, BANPU and PTTEP.

TISCO SECURITIES

Thai equities are likely to face further selling pressure in the next few days due to growing concerns among foreign investors about the political situation. During the three-day Songkran holiday there was no progress in resolving Thailand’s biggest political crisis in 18 years. Prime Minister Abhisit Vejjajiva has rejected demands to resign and call fresh elections.

However, Abhisit’s position is increasingly becoming untenable. The army chief has voiced support for a parliamentary dissolution to end the standoff, while the Election Commission has recommended that the premier’s Democrat Party be dissolved for allegedly receiving illegal donations. With some coalition partners also calling for a House dissolution, we believe a new election is likely to take place no later than six months from now.

Any announcement of fresh elections should initially boost the market, as it would end the red shirts’ occupation of Bangkok’s Rajaprasong district, which has inflicted massive losses on the areas’s luxury hotels and shopping malls. However, new elections run the risk of worsening Thailand’s political polarization, particularly if “old-style” politicians and/or those sympathetic to former premier Thaksin Shinawatra form the core of a new government.

We believe the economic damage from the April 10 crackdown will prompt the Bank of Thailand’s Monetary Policy Committee (MPC) to keep its policy rate unchanged at 1.25 per cent at its meeting on April 21. Previously we had expected the MPC to raise its rate by 25 basis points. The stock market may also get support from expected strong economic data in March. We anticipate a strong improvement in external trade and private investment, with impressive export numbers for durable goods, including electronics and autos, driven by the global economic recovery.

Hotels and other tourism-related stocks (THAI and AOT) look likely to be the biggest losers from Thailand’s latest bout of politically inspired violence. With consumer confidence badly hurt by the protracted crisis, we also see downside risk to the residential property and media sectors.

However, we continue to recommend selective consumer plays, including those with high exposure to consumption in upcountry areas, as more shoppers in Bangkok switch to local convenience stores during the political unrest. Food exporters should also be relatively insulated from the crisis given strong external demand and an increase in output of value-added products. We also remain positive on big-cap energy stocks, given the continued upward momentum in coal and oil prices.

VAJIRALUX SANGLERDSILLAPACHAI

Executive Director, Trinity Securities

Last week, the Stock Exchange of Thailand Index was open for just two days due to the Songkran Festival. However, the market plunged 53.5 points, or 6.78 per cent, to end at 736 points, due mainly to the tragic events of April 10. We still do not see any light at the end of the tunnel, as far as the prolonged political turmoil goes. We believe the events harm the country’s image and are likely to impact the economic recovery and GDP growth. More importantly, the risk of the country’s credit rating being downgraded by institutions such as S&P and Moody’s is also rising. This would further dampen investor sentiment.

Foreign investors became net sellers after the state of emergency announcement on April 8. Combined with the remaining risk of further political turmoil and a credit rating downgrade, we believe the market will remain on its downtrend. For this week, we expect downside risk for the SET Index to be at 700-710 points.

We recommend investors reduce portfolio on any market rebound. Sectors likely to be affected by declining domestic consumer and investor confidence, such as banking, property, contractors, construction materials and tourism, should be avoided. We recommend investors switch from such sectors to energy, petrochemicals and export-oriented stocks (electronics, automotive, agriculture) that are less likely to be impacted. We like PTT, PTTEP, TOP, SAT, DELTA, SVI, TUF and STA for medium-term investment.

 

Scattered thundershowers forecast for three regions 2010/04/27

Filed under: 2010,Agriculture,The Nation — SoClaimon @ 7:29 am

Published on April 18, 2010

ผ่านทางScattered thundershowers forecast for three regions.

The Meteorological Department yesterday warned of scattered thundershowers with isolated gusts in the Northeast, the Central region and the East during the next few days.

Hit by an unexpected heavy downpour yesterday at 10am, red-shirt demonstrators gathering at the Rajprasong intersection rushed to nearby tents while some remained in front of the stage, on which co-leader Natthawut Saikua was hosting a press conference.

Several spots around Bangkok also reported traffic jams and minor accidents due to the rains.

At Srinakarin Dam in Kanchanaburi’s Si Sawat district, an elderly woman, Srisuwan Maneesuwan, and her 46-year-old daughter Pensiri fell off a floating raft and drowned, while another tourist, Thanet Chanpet, went missing during a summer storm on Friday evening.

In Phitsanulok’s Muang district, the Friday-night rainstorm and gusty winds damaged some 20 homes in tambon Bang Krang. Phichit province’s Sak Lek district saw the tin roofs of more than 10 homes blown away and several orchards damaged in a storm late on Friday night.

The rainy conditions, however, were welcome in some parts as they provided relief from the heat and drought.

The head of tambon Bang Taen in Prachin Buri’s Ban Sang district, Boonteun Inkhong, said that 13 villages along the Prachin Buri River were declared drought-hit after the massive inflows of seawater made the water unfit for agriculture and consumption.

With about 4,000 residents affected, the rains were welcome to alleviate the drought conditions and the province’s sweltering 39.2 degrees Celsius heat, he said.

 

Red-shirt supporter punches deputy minister 2010/04/27

Filed under: 2010,Agriculture,The Nation — SoClaimon @ 7:27 am

Published on April 15, 2010

ผ่านทางRed-shirt supporter punches deputy minister.

A red-shirt supporter punched Deputy Agriculture Minister Supachai Phosu in the ear yesterday while he was visiting constituents in Nakhon Phanom to mark Songkran.

Supachai’s entourage was followed by some 30 red shirts led by a local politician, who kept criticising the deputy minister through a sound system fitted in a pickup truck.

The deputy minister later joined a ceremony at Phai Lom Temple in the Northeast province’s Ban Phaeng district, and while he was leaning over for community leaders and villagers to sprinkle water on his palms, 30-year-old red-shirt supporter Pun Sason punched Supachai. The assailant was immediately tackled by Supachai’s bodyguards and handed over to police.

Supachai is an MP for the coalition Bhum Jai Thai Party.

 

Red-shirt supporter punches deputy minister 2010/04/27

Filed under: 2010,Agriculture,The Nation — SoClaimon @ 7:25 am

April 14, 2010

ผ่านทางRed-shirt supporter punches deputy minister.

A red-shirt supporter punched Deputy Agriculture Minister Supachai Phosu in the ear Wednesday while he was visiting constituents in Nakhon Phanom to mark Songkran.

Supachai’s entourage was followed by some 30 red shirts led by a local politician, who kept criticising the deputy minister through a sound system fitted in a pickup truck.

The Nation

 

Ministry ups focus on cooperatives’ quality 2010/04/27

Filed under: 2010,Agriculture,The Nation — SoClaimon @ 7:23 am

Published on April 12, 2010

ผ่านทางMinistry ups focus on cooperatives’ quality.

The Agriculture and Cooperatives Ministry is placing greater urgency on its mission to boost the number of certified “standard cooperatives”, after 40 per cent of 7,600 local cooperatives it evaluated failed to meet quality benchmarks.

While savings and credit cooperatives fared well in the evaluation, most fishery cooperatives failed to meet the quality standards.

The ministry aims to increase the number of A-grade cooperatives by more than 500 this year.

Chakarn Saengruksawong, director-general of the Cooperative Promotion Department, said the agency had accelerated the process of bringing the 7,600 cooperatives in line with the criteria. The cooperatives have more than 10.81 million members in total.

About 60 per cent of cooperatives passed the quality evaluation, Chakarn said. They fell into three categories: 700 grade-A cooperatives, 3,000 grade-B cooperatives and 1,900 grade-C cooperatives.

The 2,000 or so cooperatives that did not pass the evaluation included 700 to 800 that had halted their businesses altogether over the past few years.

The department set seven key criteria that must be met for a cooperative to be classified as a “standard cooperative”: no business loss over the past two financial years; no history of corruption; submitting all financial documents if requested – or submitting to an audit by accountants – within 150 days; 60 per cent of membership actively participating in the business; employment of staff to run the cooperative’s business; allocation of net profit and welfare funds; and a clean sheet in terms of legal violations.

About 80 per cent of savings cooperatives met all evaluation criteria, followed by credit union cooperatives (70 per cent), agricultural cooperatives (53 per cent), land settlement cooperatives (about 42 per cent), consumer and service cooperatives (40 per cent) and fishery cooperatives (20 per cent).

Chakarn said that for 2010, the Cooperative Promotion Department aims to increase the overall proportion of cooperatives that meet the criteria to between 70 and 80 per cent. It expects to raise the number of grade-A cooperatives by not less than 500.

“The standardisation of local cooperatives will help them develop more efficient management systems. It also provides them with basic information and allows the government to provide assistance as really needed. Standard cooperatives will be accredited and accepted by other cooperatives and related agencies, as their members have been implementing sound management practices,” he said.

 

Thaksin says in phone-in he’s shocked by rumours of chemo ‘shock’ 2010/04/27

Filed under: 2010,Agriculture,The Nation — SoClaimon @ 7:20 am

Published on April 10, 2010

ผ่านทางThaksin says in phone-in he’s shocked by rumours of chemo ‘shock’.

The video phone-in lasted only five minutes yesterday, but it was long enough for Thaksin Shinawatra to tell his supporters and enemies alike that he’s not dead yet.

“I’m shocked to learn about the rumours that I was in shock during chemotherapy,” Thaksin told his red-shirt supporters.

He pulled his hair purportedly to prove that he was not wearing a wig to cover baldness caused by cancer treatment.

Rumours that he had gone into shock and required medical help from Thai doctors who were being urgently flown to Dubai spread like wildfire yesterday.

During the bad-signal video link, Thaksin insisted he was healthy, slammed the media’s propaganda and predicted the Abhisit Vejjajiva government would only last a few more days.

The video showed an unusual close-up shot, with Thaksin using a mobile phone to talk instead of wearing earphones like before.

Earlier yesterday, Thaksin tweeted that he was all right.

“I would like to tell [you] that I am definitely healthy. I just feel lonely at times because I am a workaholic,” he tweeted at around noon.

ASTV’s claim

Yesterday morning, an ASTV host quoted an anonymous doctor at a hospital in the Sukhumvit area as saying that a man who recently visited Montenegro had suffered shock during chemotherapy.

The host went on to say that the man was then sent to an intensive-care unit of the Rashid Hospital in Dubai, because Montenegro did not have state-of-the-art medical technology.

It was widely reported that Thaksin had recently been in Montenegro.

Soon after the ASTV host spoke up, Thaksin’s former lawyer Noppadon Pattama came forward to deny the rumour.

Less than an hour later, Thaksin tweeted for the first time since Tuesday.

He began his message by saying that the rumour being spread in Thailand was ridiculous, and that he was sad to see that rote learning allowed so many Thais to fall victim to rumour-mongers.

I had a check-up in Russia on March 30 and everything was fine, except for a minor fat-level problem. I am not prescribed any medicine,” Thaksin said.

Avoiding speeches

Although he is a hero in the eyes of red-shirt demonstrators, the ex-premier had not made any video-link speeches to them since last Saturday.

Commenting on his absence, Thaksin tweeted that he had not addressed the red-shirt demonstrators in Bangkok out of worry that their intentions might have been misinterpreted.

“They have been rallying for democracy and justice,” Thaksin’s message read.

Commenting on his next plan, he said he would be heading to

Saudi Arabia in response to an invitation from a Saudi prince, who wanted him to join in developing a new city near Mecca and establishing an agriculture centre near Riyadh.

 

Thaksin tweets to dispel health rumour 2010/04/27

Filed under: 2010,Agriculture,The Nation — SoClaimon @ 7:18 am

Published on April 10, 2010

ผ่านทางThaksin tweets to dispel health rumour.

A tweeting Thaksin Shinawatra yesterday sought to quell a rumour that chemotherapy had chained him to a hospital bed.

“I would like to tell [you] that I am definitely healthy. I just feel lonely at times because I am a workaholic,” Thaksin tweeted at around noon.

The former prime minister has been living in exile to avoid a twoyear jail term meted out by the Supreme Court’s Criminal Division for Political Office Holders.

Thaksin is still a major player in the Thai political landscape, and is widely seen as the real leader of the redshirt movement. One of his archrivals is the yellowshirt movement, which is associated with ASTV satelliteTV station.

Yesterday morning, an ASTV host quoted an anonymous doctor at a hospital in the Sukhumvit area as saying that a man who recently visited Montenegro had suffered shock during chemotherapy.

The host went on to say that the man was then sent to an intensivecare unit of the Rashid Hospital in Dubai, because Montenegro did not have stateoftheart medical technology.

It was widely reported that Thaksin had recently been in Montenegro.

Soon after the ASTV host spoke up, Thaksin’s former lawyer Noppadon Pattama came forward to deny the rumour.

Less than an hour later, Thaksin tweeted for the first time since Tuesday. He began his message by saying that the rumour being spread in Thailand was ridiculous, and that he was sad to see that rote learning allowed so many Thais to fall victim to rumourmongers.

I had a checkup in Russia on March 30 and everything was fine, except for a minor fatlevel problem. I am not prescribed any medicine,” Thaksin said.

Although he is a hero in the eyes of redshirt demonstrators, the expremier has not made any videolink speeches to them since last Saturday.

Commenting on his absence, Thaksin tweeted that he had not addressed the redshirt demonstrators in Bangkok out of worry that their intentions might have been misinterpreted.

“They have been rallying for democracy and justice,” Thaksin’s message read.

About his next plan, he said he would head to Saudi Arabia in response to an invitation from a prince, who wanted him to join in developing a new city near Mecca and establishing an agriculture centre near Riyadh.

 

Must be the heat 2010/04/27

Filed under: 2010,Agriculture,The Nation — SoClaimon @ 7:15 am

April 10, 2010

ผ่านทางMust be the heat.

How life in hot countries is portrayed doesn’t rely on proximity to the equator, as the exhibition ‘The Tropics’ proves

The Jim Thompson Art Centre exhibition “The Tropics” actually offers more than “Views from the Middle of the Globe”, which is its subtitle. You might discover a whole new way of looking at art.

On view are a beautiful statue of Bamennon, a 19th-century king of Cameroon, and an ancestral figure from Congo. Lined up next to video installations by modern artists living here in the “Asian tropics”, there’s an interesting resonance between the silence of the antiques and the “new” sound of video art.

From that you can extrapolate a critique of rapid change in the world.

The sounds of the videos interplay with one another, though it won’t be a pleasant experience for some.

Forging a dialogue between old and new art are German curators Alfons Hug, who’s based in Rio De Janeiro, and Viola Koniq and Peter Junge of the Ethnological Museum, which is part of the Staatliche Museen zu Berlin.

They’ve assembled vintage pieces from Mexico, Ivory Coast, Mali, Bolivia, Nigeria, Ghana, India and Indonesia, as well as Congo and Cameroon, from the Staatliche in Berlin.

The younger works were made by Germans Thomas Struth and Marcel Odenbach, Vong Phaophanit of Laos, Singaporean Sherman Ong, Brazilian Marcos Chaves, US-based Vietnamese Dinh Q L, Ethiopian Theo Eshetu and Pilar Albarracin of Spain.

Designed as a response to the pioneering 1989 show “Les Magiciens de la Terre” at Paris’ Pompidou Centre, “The Tropics” is another attempt to document subtle disturbances between the hemispheres in times of tension and to identify cultural forces both cooperative and counteractive.

There are works both made in tropical lands and about tropical lands.

Knig’s “Colours and Sounds of the Tropics” makes it possible to trace specific common elements in the art, but Junge is more sceptical, offering few similarities among works dealing in nature, the human image and political power, other than a shared origin in the tropics.

This exhibition has already been seen in Brasilia, Rio de Janeiro, Cape Town and Berlin, drawing on different collections according to local context.

The Jim Thompson House itself, Junge points out, is “a European reconstruction of a tropical house”.

“Jim Thompson did what many Europeans did: He invented his own tropics. He took some Thai houses, changed the walls, brought them all together, added some air-conditioners and filled it with art from the tropics.

“In some way, our exhibition is an extension of the Jim Thompson House. It’s also my idea that ‘the tropics’ is an invention of the Europeans.”

The exhibition has five sections, beginning with “After the Deluge”, an allusion to anthropologist Claude Levi-Strauss’ “Mythologica”.

There’s a mask of Tyiware, who Malians regard as the founder of agriculture; a 14th-century stone rendering of Tialoc the Rain God from Mexico; the Spirit of Hurt from Melanesia New Guinea; and a wooden Kple-kple mask from Baula.

These beings acted through nature to menace or assist mortal men.

Nearby is a huge photograph of the mythic jungle by Struth, and Vong’s video installation “All That’s Solid Melts into Air”, depicting a Lao spiritual ceremony and the simple way of life along the mekong River.

“The Short Life” is devoted to human representations. Odenbach’s “Disturbed Places” video was shot in Calcutta, all vivid colour and class distinction set against Hindu traditions. Ong’s “Exodus” video deploys a pair of women dancing to classical Javanese music to address the urban drama of contemporary Jakarta. Chaves’ video “Mask” shows a European man wearing an African one.

Power and conflict are examined in the section called “The Broken Arrow”. Dinh Q Le shows how dramatically the Vietnam War has been engraved into the cultural memory in a stunning piece, “The Farmer and the Helicopters”.

A long-retired army general talks about how hard life was during the war, and meanwhile an old war helicopter sprays nutrients on a rice field.

Set out amid the recent memories are much older tokens of power, like Bamennon’s beaded statue and a 19th-century iron bow stand.

The tropics become most vivid in “Colour of the Birds”, which has samples of weaving, face painting and depictions of rituals in Ghana and Asia. Knig selected brightly hued collars from Thailand, Laos and Burma, including Hmong pieces, for this show.

She also presents a woven Mayan woman’s shirt, a woman’s blouse from Cuna, and Javanese Wanyang Golek.

The wild colours of African tribal clothing and an intriguing Ethiopian ceremony are part of Eshetu’s sensual video “Trip to Mount Zuqualla”. Priests and their followers proceed to a holy volcano in a rite that combines Coptic Christianity and animism, against Eshetu’s soundtrack – Bach, Ethiopian drums and hip-hop.

The modern portraits of the “Tropical Baroque” segment complete the show. Evoking ancient depictions of Inca rulers and their wives, they date from the 19th century, but then there is Albarracin’s eye-popping video of a big-breasted dancer in the throes of South American Cumba music. Throughout all of this is the stereotype of “tropical exuberance”.

Again, those of us who live in “the tropics” may end up seeing our circumstances in an entirely different way.

More to learn

The exhibition continues until June 12, and meanwhile the Jim Thompson Centre is offering educational programmes at the William Warren Library.

MASK MAKING – April 24, 1 to 4pm – Kids ages eight to 12 can learn how to make masks from recycled and natural material in a workshop led by Soawanee Wongjinda of the Makampom Foundation. She’ll also explain how masks are used in worship and rituals as well as performances. The Bt300 fee covers materials and refreshments. It’s limited to 20 youngsters.

NEEDLEWORK – May 8 and 15, 10am to 5pm – Designer Gorapin P Likitkijsomboon will demonstrate “The Differences between the Tropics and Europe” in a workshop comparing embroidery, including techniques and the use of colour, in the East and West. The fee for both days is Bt1,000. It’s limited to 20 people.

CULTURE ON FILM – May 20, 6 to 8pm – “Tropical Perspectives – Outside In / Inside Out” features short films depicting the meeting of East and West. Among the history and anthropology titles from the 1930s to the present are “I Am from Siam” and “Phi Ta Kon”. The free screenings will be followed by discussion moderated by artistic director Gridthiya Gaweewong.

FAKE TOURISM – June 12, 2 to 4pm – In “Hunting Authenticity – Pseudo-Tourism”, The Nation’s reporter Pravit Rojanaphruk and academic Pasakorn Intoo-Marn will talk about Asian cultural artefacts being treated as mere objects by Western museums. In Thailand’s case, ceremonial instruments have been turned into souvenirs.

 

Farming needs young blood 2010/04/27

Filed under: 2010,Agriculture,The Nation — SoClaimon @ 7:12 am

Published on April 9, 2010

ผ่านทางFarming needs young blood.

Thailand needs to create a new and younger labour force in the farming sector, or it could lose agricultural competitiveness, according to the Agricultural Land Reform Office.

Chalermporn Phirunsarn, secretary-general of the office, yesterday said the sector was short of young labour. As the average age of farmers is over 50, Thailand’s capacity for producing food will suffer vis a vis that in other countries.

In handing land-title deeds in deforested areas to farmers last year, the office discovered that 50 per cent of the 1.99 million recipients were aged over 50. Of the total, those aged 51-60 accounted for 24 per cent, those aged 61-70 constituted 15 per cent and those over 70 years old accounted for 11 per cent.

Eligible farmers aged below 41 accounted for only 21 per cent, while those aged between 41 and 50 years constituted 29 per cent.

“The new generation has lost enthusiasm to pursue the farmer’s life. As farmers get older, they tend to fall ill more easily and more frequently [thus affecting output],” Chalermporn said.

The office has worked with the Thailand Research Fund, the Vocational Education Commission and the Bank for Agriculture and Agricultural Cooperatives to create “new-age” farmers.

More than 79,000 people have been trained under the programme so far.

 

World Bank’s Thai forecast 6.2% growth predicted 2010/04/27

Filed under: 2010,Agriculture,The Nation — SoClaimon @ 7:11 am

Published on April 8, 2010

ผ่านทางWorld Bank’s Thai forecast 6.2% growth predicted.

The World Bank is upbeat about Thailand’s economic outlook for this year, along with that of other countries in East Asia and the Pacific.

Thailand’s gross domestic product could expand 6.2 per cent, against a contraction of 2.3 per cent last year, according to the bank’s “East Asia & Pacific Economic Update”, which was released yesterday.

Finance Minister Korn Chatikavanij said yesterday in Vietnam that last year, the World Bank’s fore�cast of a 2.7percent contraction for Thailand turned out to be extremely close to the actual rate. However, he said the growth forecast for 2010 had probably been completed prior to the recent political protests, and as such the figure could be subject to change.

Despite a pickup in domestic con�sumption in the fourth quarter of last year, exports will be the main contrib�utor to Thai growth in the near term, the bank’s report said. The bank proj�ects exports will expand by 11.5 per cent year on year, against a contraction of 13.9 per cent last year.

“Domestic demand has also shown signs of life, but the severe weather, the withdrawal of consumptionbased fiscal stimulus and political uncer�tainty should be a drag on growth,” said the report. The report pointed out that since a large proportion of the popu�lation is still occupied in agriculture or working in rural areas, farm produc�tion and the price of farm products could have a considerable effect on household consumption.

The severe Thai drought and decline of rice prices in the early months of this year will negatively affect consumption, according to the report, while increased employment in manufacturing will partly offset the impact.

Government consumption will likely contract due to the phasing out of consumption measures in the first economicstimulus package, while investment is expected to recover, since firms have been operating at almost full capacity.

“However, the upside is limited due to political and regulatory uncertain�ty, including the possibility of political violence and the Map Ta Phut court case,” said the report.

The World Bank pointed out that the government’s investment plan was proceeding at a slow pace, but said it should nonetheless contribute to growth. Domestic demand should pro�vide a positive but limited contribution to growth, it added. The bank’s pro�jection of GDP growth is much high�er than that forecast by the Fiscal Policy Office, which has estimated expansion of 4.5 per cent this year.

For the East Asia and Pacific region, the report said recovery in demand abroad, a sustained fiscal and mone�tary stimulus within developing East Asia, and a rapid rebound in consumer spending had prompted the bank to raise its projection for the region’s real GDP growth in 2010 to 8.7 per cent – almost a percentage point above its November forecast.

The region has emerged from the crisis with manageable deficits and rel�atively low public and external debt, and socialprotection mechanisms have protected the poor from the worst effects of the slowdown, the report said.

While upbeat about the pace of East Asia’s recovery, strongly influenced by China, the report is clear that the region is facing a very different global economy over the medium term.

“The ‘new normal’ will be charac�terised by slower growth in developed countries, tighter global financial con�ditions, rising concerns about devel�oped countries’ debt levels and a more difficult environment for global trade,” said Vikram Nehru, World Bank chief economist for the East Asia and Pacific.

“In that setting, the developing countries of East Asia will need to care�fully manage the withdrawal of fiscal stimulus measures in the short term, while returning to their structural reform agendas to promote growth in the long term,” he said.

 

Energy, services growth seen for Australia-Thai trade 2010/04/27

Filed under: 2010,Agriculture,The Nation — SoClaimon @ 7:08 am

Published on April 7, 2010

ผ่านทางEnergy, services growth seen for Australia-Thai trade.

Energy supplies, environmental technologies and services, particularly financial services, hold the greatest potential for growth in trade between Australia and Thailand in the next five years, Australian Ambassador Paul Grigson said yesterday.

“These sectors don’t show up yet in statistics, in projections, but Thai companies are increasingly looking at the energy field. Thailand is an energy-dependent country while Australia is an energy-supplying country,” he said.

Trade has been growing rapidly since the Thailand-Australia Free Trade Agreement (Tafta) went into force in January 2005, he said.

Trade in multiple industries should continue to expand in the coming years, he said.

TAFTA covers goods, services, intellectual property and investment. On January 1 of this year, 41 per cent more tariffs, mostly on the Thai side, were reduced to zero, bringing the total up to 94 per cent of goods being exported duty-free. The few remaining duties are mainly agriculture-related.

The food-processing industry has benefited the most from the reduced rates. Food and beverage exports have seen an increase greater than 50 per cent, and this industry is expected to continue to grow in the following years, Grigson said.

The realisation of these projections is however dependent on the recovery of global markets, he said.

TAFTA has had a boosting effect on two-way trade.

“Trade has doubled between Australia and Thailand since Tafta’s implementation. The first two years of the agreement have been particularly significant on that front,” he said.

Australia is one of Thailand’s most important trading partners. Thai exports of goods to Australia stood at Bt278.9 billion in 2009, an increase of more than 600 per cent from the Bt45.4 billion recorded in 2001.

imports/exports

Australian exports to Thailand have seen a less dramatic increase of 290 per cent during the same period, reaching Bt123.2 billion in 2009. In 2009, Australia was the fifth largest destination for Thai exports, and Thailand the 10th biggest destination for Australian exports, according to the Bank of Thailand.

Services are becoming an increasingly important part of trade between Thailand and Australia.

“2009 was a record year for services, with 15-per-cent growth in Australia and 10-per-cent growth in Thailand, and we expect a continued increase,” Grigson said.

“The growth in services seen between the two countries since TAFTA came into force has been double the world trend – education in Australia and tourism in Thailand being the main sectors.

“Australia is now the No 1 destination for Thai students, with 19,000 students enrolled in Australian universities in diversified fields. There are also great linkages between our countries’ universities, some offering joint degrees.

“This also represents a business advantage, and will be a valuable benefit to Thailand’s economy,” he said.

Australian investment in Thailand has also seen a tremendous increase since Tafta’s implementation, which allowed increased foreign equity caps as well as ownership quotas in both countries.

“The value of Australian investment applications in 2006 increased 262 per cent from 2005, from Bt907.9 million to Bt3.28 billion. The value hovered around the 2005 level until 2008, and has seen a 34-per-cent increase to Bt4.45 billion in 2009, the year the BOI office in Sydney was opened,” said Kanchana Noppun, director of Thailand’s Board of Investment in Australia.

There is however no evidence of increased Thai foreign-direct investment (FDI) in Australia since Tafta’s implementation, Noppun said.

Despite these encouraging statistics, FDI from Australia in Thailand and Asean remains quite low compared to FDI in other countries like New Zealand. However, Noppun believes that Australian investment should increase in Asean and Thailand in the next few years.

“I believe that factors that hinder Australian investment, like ownership restrictions in sectors such as services and resources, will be gradually removed through TAFTA implementation processes, especially in Thailand.

“Moreover, the protection on foreign investments offered by the AANZFTA [Australia- Asean-New Zealand Free Trade Agreement] will also bring more confidence to investors,” he said.

The number of investment project applications to the BOI this year should equal that of last year, although the value should be inferior due to the absence of large projects this year, he said.

Automobile, metal products and services such as international procurement offices and software will be the main targets of investment this year.

 

Cabinet approves farmer debt haircut 2010/04/27

Filed under: 2010,Agriculture,The Nation — SoClaimon @ 7:06 am

April 7, 2010

ผ่านทางCabinet approves farmer debt haircut.

The Cabinet approved the debt haircut to 510,000 farmers who owed a combined amount of Bt80 billion.

Deputy Prime Minister Sanan Kachornprasart said the Cabinet approved the Bank for Agriculture and Agricultural Cooperatives’s proposal for the 50 per cent debt reduction for farmers whose debts are no more than Bt250,000 each. The farmers will then need to repay the remaining debt within 15 years, or would face legal lawsuits.

He said the process will be completed within 6 months.

 

Bid to serve Thai fruits in China 2010/04/27

Filed under: 2010,Agriculture,The Nation — SoClaimon @ 7:02 am

Published on April 6, 2010

ผ่านทางBid to serve Thai fruits in China.

The Agriculture Department is approaching China about serving Thai fruit to VIP guests from 45 countries who will attend the Asian Games in Guangzhou in November.

“This should be a channel to promote Thai fruit exports in the future. Thailand will also send officers to demonstrate how they’re consumed,” director-general Somchai Charnnarongkul said yesterday.

Talks are underway to fly over at least five tonnes of five kinds of Thai fruits from sources certified as not containing any toxins, bacteria or pests.

Thai and Chinese authorities will jointly investigate the quality, as the fruits would not be quarantined after arriving in China, to ensure freshness.

The department has assured it would adopt strict measures in selecting the fruit, as well as undertake the packaging and shipping.

 

Reforms, cabinet for poor needed : Thaworn 2010/04/27

Filed under: 2010,Agriculture,The Nation — SoClaimon @ 6:58 am

Published on April 5, 2010

ผ่านทางReforms, cabinet for poor needed : Thaworn.

Problems highlighted by reds could be ‘solved by govt-initiated efforts’

In response to red-shirt demonstrators’ complaints about social inequality, Deputy Interior Minister Thaworn Senneam said yesterday the government could undertake reforms to resolve such complaints.

But the moves would take time, and that would mean the red shirts would not see Parliament dissolved anytime soon.

“The government must reform the country’s structure,” Thaworn said. “We can start by first organising public forums and inviting all parties to air their opinions.”

He said he had already raised this issue at Democrat Party meetings.

Tens of thousands of red-shirt protesters have been rallying in Bangkok to demand that Prime Minister Abhisit Vejjajiva dissolve the House of Representatives within 15 days.

Abhisit leads the Democrat Party, of which Thaworn is a key member.

While the red shirts are widely perceived as rallying for fugitive former prime minister Thaksin Shinawatra, the red-shirt leaders have lately highlighted the issue of a class war.

Referring to themselves as “phrai” or grass-roots people, the red are now challenging the Thailand’s aristocrats.

Thaworn yesterday insisted that problems raised by the protesters could be solved through government-initiated efforts.

“The government should now start developing guidelines for reforming the country.”

He said it was high time the government brought about social equality through various measures, such as imposing a property tax.

Thaworn also suggested that the government establish a Cabinet for the poor.

“This Cabinet will focus on the poor and their problems,” he said.

He believed the Education Ministry, the Public Health Ministry, the Interior Ministry, the Agriculture Ministry, and the Social Development and Human Security Ministry should work closely with the Cabinet for the sake of the poor in a bid to better the lives of the underprivileged.

“For example, they should have access to public healthcare and better access to loan services,” Thaworn said.

He said the government should provide free vocational training for poor people, and low-cost fertiliser to farmers.

“Schools in remote areas should also be as good as those in Bangkok,” he said.

 

MRC Summit called to address sustainable energy and food 2010/04/27

Filed under: 2010,Agriculture,The Nation — SoClaimon @ 6:55 am

Published on April 4, 2010

ผ่านทางMRC Summit called to address sustainable energy and food.

The International Conference on Trans-boundary Water Resources yesterday called for the Mekong River Commission Summit to address the challenges of sustainable food and energy production among the basin countries.

Natural Resources and Environment Minister Suwit Khunkitti said the 300 representatives from around the world recognise the need for taking mekong cooperation to the highest political level in order to address the challenge of meeting increased demands for food and energy production on a shared basis.

The Mekong, as a prime example, is coming under increasing stress due to climate change and other drivers of change, he said.

The conference’s findings will be forwarded to the first summit of the mekong River Commission in Hua Hin today, which gathers regional prime ministers and political leaders and MRC dialogue partners.

The report highlights three specific issues – sustainable food and energy production in trans-boundary basins, approaches to adaptation to climate change in international river basins, and private-sector involvement in infrastructure development.

Hydropower and infrastructure projects bring economic development opportunities, but they need to adequately address the social and ecosystem impacts that result from those investment projects, including administrative boundaries.

Food security will depend on a strong agricultural system. A “blue-green water management revolution” will transform the productivity of rain-fed and irrigated agriculture. Water and food security is likely to be achieved “not only by investing more but also by investing better”.

The emerging global experience in trans-boundary river management shows that shifting from a focus on competing national interests to one of maximising common benefits and sharing risks will enable genuine water security to be achieved and sustained.

The conference noted that more efficient agricultural water use would be an important part of climate-change adaptation. Extremes of drought and flood events are expected to become more frequent. To minimise the potential negative impacts of these events, it will be necessary to merge disaster-risk management with climate-change adaptation strategies.

Providing water security for the population of the basin is at the heart of adaptation to climate change. The effective implementation of integrated water resource management, closely linked to land management, is the way to achieve these goals.

Climate change knows no boundaries and will impact the poor most directly. Adapting to climate change in the mekong region will require cross-cutting approaches and regional strategies agreeable to all.

For private-sector involvement in infrastructure development in shared river basins, there is a need to adopt international best practices, such as the Equator Principles, to ensure that investments are financially, socially and environmentally sustainable.

The rules should be the same for any investment project that has trans-boundary impacts, whether from the private or public sector. Countries cannot transfer their responsibility to the private sector. Riparian member countries are responsible for impacts from infrastructure development.

Government, international financial institutions and private-sector banks will not be able to provide the full financing requirements to close the supply-side gap. Innovative financing models, such as new bond markets, are being explored. Demand-side actions will also be required.

 

Legislation already being accelerated 2010/04/27

Filed under: 2010,Agriculture,The Nation — SoClaimon @ 6:53 am

Published on April 2, 2010

ผ่านทางLegislation already being accelerated.

The Abhisit Vejjajiva government is already moving to prepare for a possible dissolution of Parliament at year-end.

Some Bt100 billion worth of government savings bonds will be issued after the Songkran holiday, and the Finance Ministry plans to accelerate the passage of key bills, such as those setting up a national pension fund and property taxes, Finance Minister Korn Chatikavanij said yesterday.

The six-year bonds will be targeted first at senior citizens, and the coupon rate will be higher than for previous bond issues, he said, adding that the new bond issue, originally planned for the end of last month, had been delayed by the political stalemate.

Korn said because of growing expectations the House of Representatives would be dissolved prematurely, he would accelerate key bills, including those for a national pension fund and tax and tax restructuring.

He was adamant the House would not be dissolved within 15 days as proposed by red-shirt protesters, because this was too short a period for his ministry to prepare a road map to mitigate economic effects.

“I just asked the Council of State about progress in screening the national pension-fund bill and was informed it’s almost complete,” Korn said.

The proposed national pension fund is designed to provide welfare for an estimated 23 million to 24 million people working in the informal sector when they retire.

The finance minister said he wanted to implement key reforms, so he needed to push key bills onto the parliamentary agenda.

Prime Minister Abhisit has proposed the dissolution of Parliament in nine months, in response to anti-government protesters’ demands it be dissolved in 15 days. The two sides have not yet reached agreement.

Korn said the property tax bill would soon be submitted to the Cabinet and that he expected it to be approved. The environment tax bill will follow suit. Other tax-restructuring bills will also be on the priority list, he said.

AWAITING INFORMATION

Earlier this week, the property tax bill was pulled from the Cabinet’s agenda. Korn said he was waiting for information from some government agencies.

He also urged 5.65 million senior citizens receiving Bt500 from the government each month to open bank savings accounts into which the money can be deposited. This way, no transaction fees will be deducted. Thirty-three banks are participating in the scheme, he said.

Korn said the government also needed to draft laws settling legal disputes between local communities and manufacturers, particularly those in and around the Map Ta Phut Industrial Estate.

The government also plans to accelerate infrastructure investment in agriculture, transport and tourism as part of its preparations to take advantage of expansion in regional trade and industry.

Debt restructuring for the poor will also be accelerated, Korn said.

Meanwhile, Thai Bankers’ Association president Apisak Tantivorawong said he did not expect a reversal of monetary inflows, because of the country’s sound economic fundamentals.

However, big private firms are taking cautious steps in new investment, due partly to legal disputes related to environmental issues.