October 14, 2020
Thai Enquirer Summary
Political News
• Fears are rising over the possibility of clashes between anti-government protesters and pro- government movements today (October 14).
❖ The anti-government group or Khana Ratsadon group, that was slated to start at 14:00 hrs today has been changed to 08:00 @ Ratchadamnoen Avenue.
❖ Protestors have come out already to start to fill in the area before the authorities cordon it off from protestors.
❖ Khana Ratsadon launched a campaign in Bangkok’s adjacent province Nonthaburi yesterday (October 13) to mobilize support among the new generation, trying to persuade them to join the protest at the Democracy Monument.
• The Khana Ratsadon has already started its rallies as this report is being written ❖ Human Rights lawyer Anon Numpha was on stage earlier this morning
• The possibility of a clash seems more likely as
❖ Royalist groups; one led by Dr Rienthong Nanna, Director of Mongkut Wattana Hospital; one led by the People’s Democratic Reform Committee (PDRC) led by Suthep Thaugsuban; one led by Suwit Thongprasert, former monk activist known as Phra Buddha Isara, and the Thai Pakdee (Loyal Thai) group led by former MP Warong Dechgitvigrom announced to mobilise supporters to hold counter protests.
❖ Earlier, Dr Rienthong came out to announce plans to clean up all the “trash” in the city as he referred to anti-monarchy activists and supporters.
➢ The royalist physician said in his Facebook post that he would lead supporters of the Monarchy to rally at the Royal Plaza today (October 14), to begin his “national garbage collection” operation.
➢ He said that he could no longer tolerate the Khana Ratsadon protesters and decided to launch the counter-protest and is ready to face the consequences.
❖ Suthep--- who led the months-long street protests against the Yingluck government that triggered the military coup in 2014---announced that he will mobilize people to show up on Ratchadamnoen Avenue to greet the royal motorcade of HM the King today (October 14).
➢ In his Facebook post, Suthep urged his supporters to turn up in yellow at the Royal Pavilion Mahajetsadabadin to welcome the HM King’s motorcade and to remain there until the King leaves.
• Meanwhile more than 15,000 police officers have been deployed to keep the situation under control.
• A scuffle between police officers and anti-government protesters broke out 1 day before a major anti-government rally scheduled today (October 14) following the arrest of 2 political activists. Among them were Jatupat Boonpattharaksa, aka Pai Dao Din, and singer-songwriter Chaiamorn Kaewwiboonpan, known as Ammy of the Bottom Blues band.
❖ The arrests took place as police officers tried to demolish tents set up by protesters to clear the rally site in front of McDonalds Restaurant on Ratchadamnoen Avenue near the Democracy Monument along the route HM the king is expected to travel for an unrelated royal ceremony.
❖ Police then gathered 20 others including Chaiamorn, put them on the van and brought them to the headquarters of Region One Border Patrol Police in Klong Luang, Pathum Thani.
❖ There was a chaotic scene as policemen dragged Jatupat from the top of a pick-up truck while he was giving a speech about 1 hour before a royal motorcade was scheduled to pass through the road and bundled him into a police van.
❖ The royal motorcade passed by on the other side of the street. Protesters raised their hands in the 3-fingered salute of anti-government campaigners and demanded the release of those detained.
❖ While the 21 activists were still being held in police custody, in the evening, Parit led several hundred people to stage a protest in front of the police headquarters and demanded their unconditional release.
➢ Parit then announced to disperse the rally at 20.40 hours in front of the Royal Police Office as he told protesters to keep energy for today’s planned rally.
• Meanwhile, police announced that it decided to bring 8 charges against 21 activists including the charges for defying police orders, violating a public gathering law invoked due to the coronavirus and obstructing traffic and public roads.
• After the ceremony on the 4th anniversary of the passing of King Rama IX was concluded at the Amarin Winitchai Throne Hall in the Grand Palace at 19:41 hrs, their Majesties the King and Queen met people in the rain outside the Grand Palace.
• In regards to the arrests of activists, Progressive Movement leader Thanathorn Juangroonruangkit came out to say on Twitter that, “I disapproved of the arrests by security officials without arrest warrants”.
❖ Thanathorn raised his objection to the arrests of protest activists, taking them into custody, dispersing the rally without court-approved arrest warrants. Such practices violated the rights to freedom of political expression and peaceful assembly guaranteed by the constitution.
• Reports have come out that the Free People Movement has donated 1 million baht from public donations to the Khana Ratsadon group to finance its anti-government rally scheduled today.
❖ On its Facebook page, Free People announced support for Khana Ratsadon’s rally on October 14 although the group is not part of rally organisers who fight for democracy. To prove its sincerity, Free People announced to pass on 1 million baht public donations raised during the August 16 rally to help finance Khana Ratsadon’s rally.
• Commenting on the planned reports that the demonstrators would march to Government House today (October 14), national police chief Suwat Chaengyodsuk came out to say that police would not give permission for the Khana Ratsadon group to hold rally overnight, citing that the law prohibited demonstrators from approaching Government House for at least 50 metres and staying overnight there.
❖ Police also plan to put up fencing barriers and barbed wire to divert protesters’ marching route.
❖ Pol Col Watchawee Thammasema, Superintendent of 4th subdivision of the Special Branch, who is in charge of security at Government House, said that he will try to
persuade protest leaders not to use Ratchadamnoen Avenue for their march, but to use the Nakhon Sawan Road instead.
❖ If the protest leaders do not agree, he said that concrete barriers and barbed wire fencing will be erected at the Chamaimayurachet Bridge, to block the protesters.
❖ He said the protesters will be allowed to use Phitsanuloke Road.
❖ Upon reports of their Majesties the King and Queen’s plan to visit the Temple of the Emerald Buddha today (October 14) for the graduation ceremony for Pali scholars, security agencies expect an influx of 40,000 people from Bangkok and other provinces to gather from the Grand Palace to the Ampornsathan Throne Hall to witness their audience. Police are reported to set up a checkpoint for the virus and weapon screening among people entering area.
Economic News
• Businesses fear political rallies will deepen the country’s economic woes and derail an economic recovery.
❖ Kalin Sarasin, chairman of the Thai Chamber of Commerce (TCC), anti- government sentiment which has drawn a massive turnout of protesters raised concern about Thailand’s economic recovery.
❖ Kalin has seen signs of sluggish economic recovery amid rising political demonstrations. Although there are signs of improved recovery momentum in the 4th quarter, the TCC chairman said he is particularly concerned by the unemployment rate. He urged Thais to help bring the country out of the current economic crisis, rather than stirring up a stunt to create political tensions which undermined businesses’ confidence and domestic spending.
❖ As for the Khana Ratsadon group’s demand for the resignation of Prime Minister Gen Prayut Chan-o-cha, Kalin told protest activists to be reasonable with their demand. As for demand for Gen Prayut’s resignation, Kalin asked political activists if they have someone in mind to succeed Gen Prayut.
❖ Stanley Kang, chairman of the Joint Foreign Chambers of Commerce in Thailand (JFCCT), said a stable political environment is the key to attracting foreign businessmen and investors. He said political tension that built up after the economy was hit by the COVID-19 crisis worsened Thailand’s economic crisis amid attempts by several parties to bring solutions to economic woes. Kang said he is keeping a close watch if political demonstrations would have any impact on the country’s productivity.
• The state-owned Export-Import Bank of Thailand (Exim Bank) plans to propose soft loans for 7 domestic low-cost carriers.
❖ Exim Bank president Pisit Serewiwattana said the bank will forward its plan to offer soft loans to 7 low-cost airlines to newly appointed Finance Minister Arkhom Termpittayapaisith to propose to the government.
❖ The bank’s proposal is to offer soft loans to enable the airlines to pay employees to preserve their employment and pay for fuel. However, the source did not specify the amount of loans the bank plans to offer to the 7 airlines.
• Thai Airways International Plc (THAI) is seeking to extend its non-aeronautical business arms to boost non-aeronautical revenue for the loss-ridden airline.
❖ THAI Catering managing director Varangkana Luerojvong expected the ratio of revenues from non-aeronautical businesses of the airline comprising catering, aircraft maintenance and cargo handling to rise from 15 per cent to 50 per cent of THAI’s total revenues within the next 5 years.
❖ Initially, revenue from catering is expected to rise to 20 billion baht from an average of 10 billion baht per annum while revenue from aircraft maintenance set to rise to 15-20 billion baht and cargo services 20 billion baht or a combined 40- 50 billion baht per annum across 3 business units
❖ In 2021, THAI’s catering unit plans to increase the number of franchise outlets to 700 across all brands including the airline’s Puff & Pie bakery and deep fried dough or “patong-go” and open Royal Orchid Dining Experience restaurants in overseas destinations like London, Tokyo and several cities in China.
• The COVID-19 outbreak that continues to wreak havoc on the economy forced state enterprises to seek additional liquidity support for the Fiscal Year 2021 (October 2020- September 2021).
❖ Following the cabinet’s recent approval for management of public debt at 3 trillion baht for the Fiscal Year 2021, it is reported that 12 state enterprises sought a combined 43.433 billion baht in liquidity boost, with the State Railway of Thailand (SRT) being the agency that sough a liquidity boost at the highest amount of 11.5 billion baht, according to a source with the Ministry of Finance.
• The new land appraisal prices, used as a base for the land and building tax collection, may not expand by the previously assessed rate of 8% because of the impact of Covid-19, says the Treasury Department.
❖ The new land appraisal prices were set to be used between 2020 and 2023, but have not been implemented because drafting of the organic law of the Land and Buildings Tax Act has yet to be completed.
❖ The department has adopted land appraisal prices used between 2016 and 2019 temporarily.
❖ It is expected the new land appraisal prices and the revised organic law will be completed near the end of next year, said deputy director-general Wilawan Veerakun.
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General News
• Thailand logged 2 new cases of the coronavirus disease 2019 — Thai men from Sweden and the United States who were in quarantine — raising the total to 3,643.
❖ The new case from Sweden was a worker aged 52 who arrived on October 5 via Qatar. He was quarantined in Bangkok and his infection was confirmed by the first test on Saturday, which was day 5 after his arrival, according to the Centre for Covid-19 Situation Administration (CCSA).
❖ The case from the US is a hotel employee aged 22 who arrived on Sept 29 on the same flight as 2 previously confirmed cases. He was quarantined in Chon Buri province.
❖ His infection was confirmed by the second test on Saturday, day 11.
❖ Of the total 3,643 cases, 3,457 (94.9%) recovered including three discharged from hospital over the past 24 hours. Meanwhile, 127 patients were in hospitals and the death toll remained unchanged at 59.
• In a major cybercrime bust, police from the Action Taskforce for Information Technology Crime Suppression (Tactics) have arrested three men for operating online gambling on nine websites and seized about 75 million baht worth of assets, Pol Gen Suwat Jangyodsuk, commissioner-general of the Royal Thai Police Office, said at a press conference on Tuesday.
❖ Also present at the briefing were Pol Gen Damrongsak Kittiprapat, deputy police chief in his capacity as Tactics director, and Pol Maj Gen Jirapat Phumichit, deputy commissioner of the Metropolitan Police Bureau.
❖ Pol Gen Suwat identified the three as Taentai Narongkul, 24, Nathawut Kaewsongsi, 27, Thanapol Narongkul, 26, and Pichanan Suwanno, 28. They were arrested from Don Muang area in Bangkok and Rayong province. Their head office was in Pathum Thani.
• For the people who are fans of Apple Inc, well, your iPhone 11 just went ancient as Apple announced the launch of iPhone 12 a few hours ago, and this is the 1st iPhone that is 5G enabled
❖ The new phone is reportedly 13 per cent thinner than iPhone 11
❖ It is reportedly 15 per cent lighter than iPhone 11
Political News Headlines in Thai Media
• Here are planned events on October 14 by demonstrators and counter-demonstrators:
o Link- https://www.thaienquirer.com/19571/planned-event-and-timeline-for-october- 14/
• Right-wing ultra-royalist groups are planning counter demonstrations on October 14 to confront anti-government student protests sparking fear of a violent confrontation between the two groups.
o Link- https://www.thaienquirer.com/19576/royalist-groups-plan-counter- demonstration-on-october-14-prompting-clash-fears/
• The Thai government is increasing security at the main border checkpoint between Thailand and Myanmar at the Mae Sot district in Tak province as coronavirus cases spikes in Myanmar. Government politicians told Thai Enquirer that the situation was ‘worrying.’
o Link- https://www.thaienquirer.com/19551/thailand-myanmar-border-situation- worrying-as-covid-cases-spike-in-myanmar/
• Prominent red-shirt leader Thida Thawornseth announced on the Facebook page of United Front for Democracy against Dictatorship (UDD) on Sunday that the red-shirt movement will join student activists in their fight for democracy.
o Link- https://www.nationthailand.com/news/30396077?utm_source=category&utm_mediu m=internal_referral
• Prominent environmentalist Prasitchai Noonual called for the government to step down at a pro-democracy seminar for southerners on Sunday.
o Link- https://www.nationthailand.com/news/30396065?utm_source=category&utm_mediu m=internal_referral
• Prominent human-rights lawyer Arnon Nampa, who is also one of the protest leaders, is calling for pro-democracy groups to gather at the Bangkok Art and Culture Centre to push for the release of protesters arrested on Tuesday.
o Link- https://www.nationthailand.com/news/30396142?utm_source=category&utm_mediu m=internal_referral
• A group calling itself People Protecting the Institution on Monday rallied at a Bangkok building owned by the family of Thanathorn Juangroongruangkit, demanding that he be expelled from the country.
o Link- https://www.nationthailand.com/news/30396082?utm_source=category&utm_mediu m=internal_referral
• The authorities are allegedly trying to stop the October 14 protest by refusing to provide mobile toilets, though protesters remain unfazed and are building their own privies.
o Link- https://www.nationthailand.com/news/30396079?utm_source=category&utm_mediu m=internal_referral
• Alumni associations from Bangkok Christian College, Suankularb Wittayalai School, Assumption College and Debsirin School brought up to 800 students and school staff together on Monday morning to pay obeisance to His Majesty King Rama IX.
o Link- https://www.nationthailand.com/news/30396071?utm_source=category&utm_mediu m=internal_referral
Economic News Headlines in Thai Media
• Prime Minister Prayut Chan-ocha said on Monday that for the economic situation to resolve itself, the country must “be peaceful,” alluding to the months of anti-government protests aimed at his government.
o Link- https://www.thaienquirer.com/19568/prayut-says-the-economic-situation-will- not-recover-because-of-the-protesters/
• Share of Northeast Rubber Plc (NER) rose by 9.28 percent to 4.24 baht per share on Monday, an increase of 0.36 baht, with a transaction value of 1.189 million baht.
o Link- https://www.thaienquirer.com/19556/ner-share-price-rises-sharply-for-second- day-in-a-row-as-tires-manufacturing-restarts-increasing-demand-for-rubber/
• The Stock Exchange of Thailand (SET) Index is expected to fluctuate between 1,260 – 1,275 points due to anxiety over upcoming anti-government protests this week, analysts said Monday.
o Link- https://www.thaienquirer.com/19549/upcoming-protests-risks-gains-made-on- the-set/
• Arkhom Termpittayapaisith, the new finance minister, said on Monday that the most urgent economic problems that he will address will be the lack of liquidity that businesses and households are experiencing right now and the dire situation faced by the tourism industry.
o Link- https://www.thaienquirer.com/19561/new-finance-minister-says-he-will-focus- on-increasing-liquidity-and-helping-the-tourism-industry/
• The Cabinet has agreed to earmark Bt187.64 million to fund Thailand’s participation in the Expo 2022 Floriade Almere in the Netherlands, deputy government spokesperson Ratchada Dhanadirek said on Monday.
o Link- https://www.nationthailand.com/news/30396131?utm_source=category&utm_mediu m=internal_referral
• The value of Thai chicken exports to China has risen 75 per cent this year, powered by no less than 23 Thai poultry factories now operating in the People’s Republic.
o Link- https://www.nationthailand.com/news/30396092?utm_source=category&utm_mediu m=internal_referral
• Four of Thailand's biggest commercial banks are hastening moves to stay ahead of the wave of digital disruption now sweeping the country.
o Link- https://www.nationthailand.com/news/30396091?utm_source=category&utm_mediu m=internal_referral
• Transport Minister Saksayam Chidchob announced on Monday that the Thailand-China high-speed railway project, aiming to link the mainland with Laos and Thailand, is ready to kick off.
o Link- https://www.nationthailand.com/news/30396085?utm_source=category&utm_mediu m=internal_referral
• The price of fresh vegetables has risen sharply after weeks of flooding hit crops across the country.
o Link- https://www.nationthailand.com/news/30396074?utm_source=category&utm_mediu m=internal_referral
• The cabinet on Monday approved a tax rebate scheme allowing people to deduct up to 30,000 baht spent on certain goods and services in an effort to stimulate the economy.
o Link- https://www.bangkokpost.com/business/2001031/tax-rebate-scheme-to-fire- spending
• Cash flow of 192 billion baht is anticipated to circulate in the economy as a result of the three measures aimed at stimulating consumer purchasing power, says the Finance Ministry.
o Link- https://www.bangkokpost.com/business/2001079/measures-to-pump-in-b192bn
• Kasikornbank (KBank) plans to implement the second phase of the K-Transformation programme for the next three years to focus on improving human resource development for the digital era.
o Link- https://www.bangkokpost.com/business/2001159/kbank-prepares-three-year- staff-training
• Bangkok's office rent and occupancy rate will drop in 2020 for the first time in a decade, as the pandemic hits the overall economy, according to a property consultancy.
o Link- https://www.bangkokpost.com/business/2001119/colliers-predicts-fall-in-2020- office-rents
• New membership benefits for holders of the Thai Elite Card are expected to attract at least 20 billion baht in additional foreign investment.
o Link- https://www.bangkokpost.com/business/2000963/new-elite-card-benefits-to- attract-foreign-investment
• Ngern Tid Lor Co, a microfinance company controlled by Bank of Ayudhya Plc, has picked banks to explore a potential initial public offering that could raise as much as 30 billion baht, people with knowledge of the matter said.
o Link- https://www.bangkokpost.com/business/2000947/lender-ngern-tid-lor-weighs- b30bn-ipo
• Executives of Charoen Pokphand Group (CP) brought consultants to survey the 220- kilometer-long route of its high-speed railway project from Bangkok to the East.
o Link- https://tna.mcot.net/english-news/line-today-english-news-561124
• Thai Beverage, the Singapore-listed Asean food and beverage company, is expanding its food business in the domestic market, vowing to splash about 1 billion baht on its food empire in fiscal 2021, starting from Oct 1.
o Link- https://www.bangkokpost.com/business/2001779/thai-beverage-begins-b1bn- expansion
• Bangkok Bank (BBL) expects tier-one capital will return to a normal ratio of 18% this year after issuing adequate tier-one capital (AT1) last month.
o Link- https://www.bangkokpost.com/business/2001755/bbl-tier-one-back-to-normal
• Former and incumbent executives of the National Broadcasting and Telecommunications Commission (NBTC) are expected to join the race for the regulator's new board members, as the two-week application period is scheduled to kick off today.
o Link- https://www.bangkokpost.com/business/2001759/nbtc-board-application- process-attracts-several-old-faces
• The 120-kilometre Thai Canal project running from Krabi on the Andaman Sea to Trang, stretching to Nakhon Si Thammarat and Songkhla on the Gulf of Thailand, recently returned to the limelight after decades of proposals.
o Link- https://www.bangkokpost.com/business/2001843/controversial-thai-canal-back- in-spotlight
• Bangchak Corporation (BCP) has announced it is pushing ahead with investment in its Norwegian oil and gas drilling arm OKEA, saying there was no risk of losses even if the oil price falls.
o Link- https://www.nationthailand.com/business/30396140?utm_source=category&utm_me dium=internal_referral
Issues to be watched out for
➢ October, 2020 – The bidding for construction and operation for the 140-billion-baht Orange Line western extension linking the Thailand Cultural Centre with Bang Khun Non.
➢ October 2020 – The Trade Competition Commission is set to rule on CP’s acquisition of Tesco Lotus’s Asia business in a deal worth US$10.6 billion.
➢ October, 2020 – The Thailand Grand Prix was rescheduled after being postponed due to the coronavirus outbreak.
➢ October 14, 2020 – A major anti-government rally by various groups led by the Democracy Restoration Group (DRG) at Democracy Monument. The same day marks the anniversary of the 1973 student uprising.
➢ October 16, 2020 – Registration for the 3-month economic stimulus package called “Khon La Khrueng” (Let’s Go Halves) will open for some 10 million Thai nationals over the age of 18 through the www. คนละครงึ่ .com website.
➢ October 21, 2020 – The House committee assigned to study charter amendment bills is expected to complete its study and submit its report to parliament on the next day.
➢ October 23 -December 31, 2020 – 14 million welfare cardholders will receive an extra monthly discount of 500 baht on their shopping under the government’s economic stimulus package.
➢ October 27, 2020 – The Central Bankruptcy Court is set for first hearings for Nok Airlines regarding the rehabilitation process.
➢ October 28-November 1, 2020 – Fast Auto Show Thailand at Bitec, Bangna.
➢ November 1, 2020 – The second batch of 120 foreign tourists issued with the Special Tourist Visa (STV) scheme from Scandinavian and Schengen countries on a Thai Airways International (THAI) flight and land at Suvarnabhumi Airport.
➢ November 1, 2020 – The next parliamentary session will begin. ➢ December 2020 – The Federation of Thai Industries (FTI)’s “Faster Payment” scheme to increase liquidity for small and medium-sized enterprises (SMEs) during the pandemic is set to end. ➢ December 20, 2020 – Tentative date for elections of Provincial Administrative Organizations (PAOs) in 76 provinces.
➢ February 28, 2021 – Tentative date for municipality elections and the election of tambon administrative organizations (TAOs).
➢ April, 2021 – The central bank plans to officially implement the new rule on the rate of penalty imposed on loan defaulters in a bid to ease borrowers’ burdens and motivate them to repay their debts. Key Data
SET Index 1,273.43 +6.29
• Link - https://www.set.or.th/en/company/ipo/upcoming_ipo_set.html
Global Commodities
➢ Metal -Link http://www.bloomberg.com/markets/commodities/futures/metals/
➢ Energy -Link - http://www.bloomberg.com/energy/
➢ Baltic Dry Index (BDI)-Link - http://www.bloomberg.com/quote/BDIY:IND
Global Equity Market’s Movements
➢ Link - http://www.bloomberg.com/markets/stocks/world-indexes/asia-pacific/
Asian Equity Markets Movement
➢ Link - http://www.bloomberg.com/markets/stocks/world-indexes/
Information on October 13, 2020
Buying, Selling or Transfer of shares by Owners/Management
Stock Code Volume Value Action
BKER 30,000 5.6 Purchase BKER 15,000 5.7 Purchase CMC 165,000 0.84 Sale EA 100,000 44.5 Sale
XD, XE or XM or other notifications
For list of Companies that have dividend payment and AGM meeting schedules click on http://www.set.or.th/set/calendarofevents.do
Trading Breakdown on the Stock Exchange of Thailand
Daily as of 12 Oct 2020 Unit: M.Baht Investor Type Buy Sell Net Value % Value % Value % Local Institutions 4,171.07 8.96 3,829.93 8.22 341.14 - Proprietary 5,930.38 12.73 6,175.71 13.26 -245.33 - Trading Foreign Investors 18,547.03 39.82 17,788.79 38.2 758.24 - Local Individuals 17,924.71 38.49 18,778.76 40.32 -854.05 - Monthly Cumulative between 1 - 12 Oct 2020 Unit: M.Baht Investor Type Buy Sell Net Value % Value % Value % Local Institutions 44,164.38 11 40,605.01 10.12 3,559.37 - Proprietary 50,515.66 12.59 50,141.17 12.49 374.49 - Trading Foreign Investors 135,205.28 33.69 142,475.08 35.5 -7,269.80 - Local Individuals 171,432.31 42.72 168,096.36 41.89 3,335.94 - Yearly Cumulative since 1 Jan - 12 Oct 2020 Unit: M.Baht Investor Type Buy Sell Net Value % Value % Value % Local Institutions 1,311,961.51 10.93 1,240,229.81 10.33 71,731.71 -
Proprietary 1,255,649.17 10.46 1,252,963.49 10.44 2,685.68 - Trading Foreign Investors 4,214,311.47 35.11 4,499,255.26 37.49 - - 284,943.79 Local Individuals 5,220,505.37 43.5 5,009,978.96 41.74 210,526.41 -
Total Trading Value 46,573.18 Million Baht
Background Information –
The strength of each party in the Thai Parliament as of May 8, 2019 as per the report by the Election Commission of Thailand. Elections took place on March 24, 2019
• https://www.ect.go.th/ect_th/news_all.php?cid=24
• List of MPs - https://www.ect.go.th/ect_th/download/article/article_20190508184334.pdf
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