April 27, 2021
Thai Enquirer Summary
General News
The rift in the coalition partners seems to be widening and late last night Deputy Prime Minister and Public Health Minister Anutin Charvirakul came out to defend his action of handling the vaccine procurement and the management of the hospital beds etc related to Covid-19 though his Facebook page blaming the Prime Minister Prayut Chan-o-cha as the culprit for the mismanagement.
Anutin came out to blamed Prayut for his lack of consultation, under Gen Prayut “single-command” management model.
Anutin took his own defence after facing mounting calls for resignation from health professionals and the general public.
Read the story in Thai Enquirer by clicking on
https://www.thaienquirer.com/26807/health-minister-anutin-throws-prayut- under-the-bus-in-public-self-defense/
Meanwhile today’s data (unofficial) is as follows
The shocking thing is 15 new deaths (8 deaths yesterday)
The new infection is up slightly from yesterday at 2,179 (2,048 yesterday)
An online petition called “Mor Mai Thon” on www.change.org was calling for the resignation of health minister Anutin Charnvirankul had garnered over 196,000 signatures in 2 days.
“I have to take this move as a way to improve myself,” Anutin said adding that there are other doctors who are still happy with his work and none had openly expressed their desire for me to leave the position.
“People who do not like me can always write what they want, and I too can create a page to kick someone out with my friends but that is not the way things work.”
Prime Minister Gen Prayut Chan-o-cha vowed to boost the government’s inoculation plan to cover 30 million people within 3 months, Danucha Pichayanan, secretary-general of the National Economic and Social Development Council (NESDC), revealed after a meeting of the Centre for Economic Situation Administration (CESA) with representatives of the private sector at Government House.
The government scheduled talks with the private sector to speed up the vaccine distribution plan on April 28, Danucha said, adding that a big lot of 26 million doses of vaccines will arrive in Thailand in June.
The new “Single-Command Covid-19 Vaccine” Centre---which is chaired by Gen Prayut himself---is set up to forge cooperation between the government and the private sector to manage alternative supplies of vaccines by the private sector, arrange inoculation facilities for the general public and workers in the tourism and manufacturing sectors.
The Prime Minister later announced on his Facebook page after this meeting that the government will procure more vaccines, with the goal of making 10-15 million doses available per month. The vaccine inoculation plan is not an urgent national agenda.
The Bangkok Metropolitan Administration (BMA) has introduced a fine of up to 20,000 baht for not wearing masks in public, with even the prime minister falling foul of mask- wearing rules.
Prime Minister Gen Prayut Chan-o-cha was slapped with a 6,000 baht fine for flouting BMA rules aimed at containing the coronavirus by not wearing a face mask when chairing a meeting at Government House, according to the Bangkok Governor.
Social media was buzzing with the question on why it was just 6,000 baht not 20,000 baht
Some jokes were that he got a ‘senior citizen’ discount for his failure to wear mask in a meeting.
Bangkok Governor Aswin Kwanmuang wrote on his official Facebook page that he had informed the prime minister this was a violation of rules.
The fine was imposed on the Prime Minister after a photograph of him appeared on his Facebook page showing him not wearing a mask in a meeting. The photograph was later removed.
The news about Prayut flaunting the mask made it across the world with Washington Post carrying a story as well
https://www.washingtonpost.com/world/2021/04/26/thailand-prime- minister-coronavirus-mask-fine/
On its official Facebook page, the BMA announced that people in Bangkok are required to wear face masks at all times when out in public - even if they are in their own car.
The post said that the rule regarding face masks also applies to people who are in their own cars with at least 1 other person, regardless if that other person is a family member.
The BMA said children under 2 years of age are exempt from wearing face masks.
Wearing a face mask is mandatory in all public spaces, both indoor and outdoor, regardless of the distance between people.
Violators face a fine of up to 20,000 baht under the Communicable Disease Act.
The Ministry of Public Health said it would propose to the Centre for Covid-19 Situation Administration (CCSA)’s subcommittee today to increase restrictions in 6 “Dark Red Zone” provinces where cumulative Covid-19 infections have made up around 60 per cent of total cases in the country since April 1, Dr. Opart Karnkawinpong, director-general of Disease Control Department, revealed.
These 6 provinces are Bangkok, Chiang Mai, Chon Buri, Nonthaburi, Pathum Thani and Samut Prakan.
In Bangkok alone, additional restrictions become effective from yesterday and will remain for the next 14 days.
The CCSA reported 2,048 new COVID-19 cases yesterday and 8 more deaths.
Cumulative infections in Thailand, since early last year, are 57,508, with 148 deaths. 25,767 are still being treated, with 20,461 in general hospitals and 5,306 in field hospitals. There are, currently, 563 severe cases, with 150 of them on ventilators.
Political News
Rumours are floating that Bhumjai Thai party lead by Anutin Charnvirakul, has reportedly decided to step out of the coalition and Pheu Thai party is set to join the coalition.
This rumour goes further to say that Pheu Thai party is joining the coalition without any precondition.
Pheu Thai has come out to deny those rumours and has in the past also denied and categorically said that it would not join hands with Phalang Pracharat party at any cost.
Pheu Thai secretary-general Prasert Chanthararuangthong has come out to deny news reports of the party’s plan to join the coalition government in place of the Bhumjai Thai Party.
Pheu Thai has designated 4 teams to coordinate with local MPs in all districts across all regions to provide assistance to local people in combating the outbreak, Prasert said.
Anusorn Iamsa-ard, Pheu Thai’s deputy leader, slammed such a report as fake news in order to divert public attention from political conflict and instability inside the coalition government. He said there is no need for Pheu Thai to be a spare party of anyone.
Thanathorn Juangroongruangkit, chairman of the Progressive Movement, has come out to criticise Prime Minister Gen Prayut Chan-o-cha’s latest move to assign each cabinet minister to take care of provincial development by rewarding them with big budget allocations.
Thanathorn said Gen Prayut’s allocation of the massive budget allocations to ministers is to help them shore up their base of support in their electoral. It is said that Transport Minister Saksayam Chidchob has received a budget of 803 million baht to take care of Buri Ram, Culture Minister Ittipol Khunpluem 1.257 billion baht to take care of Chon Buri, Natural Resources and Environment Minister Warawut Silpa-archa 599 million baht to take care of Suphan Buri.
Thanathorn said he is talking about a budget of as much as 45 billion baht being allocated to ministers to revitalise provinces. He said it is clear that a big cake is being shared among ministers to further the cronyism system amid the ongoing outbreak.
He criticised the idea of these budget allocations as being a waste when the country needs funding to combat the Covid-19 outbreak crisis.
Thepthai Senpong, former Democrat Party MP for Nakhon Si Thammarat, has come out to urge the public to keep a close watch on the Ministry of Public Health’s budget spending after it was allocated more than 20 billion baht budget from the 1-trillion-baht borrowing plan to combat the outbreak crisis.
Thepthai has noted that the Public Health Ministry has been slow to disburse the budget as he claimed that merely 5 billion baht (25 per cent of total budget) has been allocated from the ministry to fight the outbreak while a mere budget of 159 billion baht out of 170 billion baht, accounting for 93.58 per cent, has been allocated to fund relief measures for the public. Meanwhile, the government disbursed merely 735 million out of 9.408 billion baht, accounting for 7.82 per cent, to finance local and community economic development projects.
As for emergency funding for the Covid-19 outbreak, the government has disbursed merely 55 million out of 11.5 billion baht approved funding, Thepthai
said, pointing that the slow disbursement reflects the government’s failure to manage the outbreak crisis.
He called on the government to revise budgets for unnecessary projects and siphon remaining funds to fight the resurgence of the outbreak instead including purchases of more Covid-19 test kits, vaccines and medical equipment to fight rising infections for hospitals nationwide.
Bangkok Mass Transit Authority (BMTA), the operator of the local buses in Bangkok, seems to be cutting back its services during non-rush hours, as demand has fallen the BMTA said. The 20-40 per cent cut would be effective from May 1st.
Economic News
Amid a surge of daily Covid-19 cases, Deputy Prime Minister and Energy Minister Supattanapong Punmeechaow remains adamant with the government’s plan to reopen the country, starting from Phuket, to foreign visitors on July 1 and that the government has sufficient funds to finance aid measures to alleviate economic and social impacts of the outbreak.
The DPM voiced strong confidence that the government would be able to contain the resurgence of the coronavirus outbreak within 2 weeks. He said despite a surge in new daily infections, the country saw rising numbers of people who recover from the virus on a daily basis. He is confident that the government has the outbreak under control.
When asked about the prospect of the Thai economy seeing GDP growth of 4 per cent, Supattanapong urged cash-rich depositors to spend more to help shore up the
economy. He also said more economic stimulus measures in the pipeline will be rolled out in May and take effect in June. He insisted that the government has sufficient funds to resuscitate the economy amid the 3rd wave of the outbreak, there is no need for the government to seek additional loans.
The Ministry of Finance has earlier denied news reports that the government is preparing to borrow 1 trillion baht as additional emergency loans, saying that the current loan decree is sufficient until September this year.
Kasikorn Research Centre (KResearch) said consumer spending in the food and beverage (F&B) industry would be dragged down by the 3rd wave of the outbreak if the outbreak drags down for more than 3 months.
KResearch predicted that the F&B would see a contraction of 2.5 per cent to 2.41 trillion baht in value this year, compared to 2.47 trillion baht last year.
It also warned that the outbreak would lead operators to face a continuous rise in operating costs after they have to sustain liquidity for more than 2 years in a row, especially retail operators.
However, if the outbreak is put under control within the next 3 months given the government’s vaccine distribution plan and economic stimulus measures go according to plan, the F&B could see an expansion of 0.5 per cent to 2.48 trillion baht.
This week, 3 companies are active with its plans to launch initial public offerings (IPOs) amid the outbreak.
The Stock Exchange of Thailand (SET) will see AssetWise Plc (ASW) kicking off its IPO trading on its main board on April 28 while Prosper Engineering Plc (PROS) and PROEN Internet will see their IPO trading on the Market for Alternative Investment (MAI) on April 27 and 29, respectively.
Weerawat Wirojpoka, director of securities analysis at Finansia Syrus Securities, is upbeat that IPO trading this week will receive good responses from investors, citing previous cases of IPO trading of major companies which saw IPO price subscriptions rose above expected.
He said IPO of PTT Oil and Retail (OR) is the case in point. OR’s IPO continues to generate good returns to date since the 1st day of trading, garnering strong investor demand for IPO.
Bangkok Mass Transit System Plc (BTSC), as the operator of the BTS skytrain, vowed to seek an Administrative Court order to get City Hall to pay its overdue debt worth around 30 billion baht, its CEO Surapong Laoha-unya announced.
The BTSC has sent a letter to the Bangkok Metropolitan Administration (BMA) and its investment arm, Krungthep Thanakom Co, at the beginning of the year to seek a debt settlement, Surapong said.
BTSC is seeking to recover 9.6 billion baht for operating the Green Line extension for more than three years and 20.7 billion baht for the purchase of train operating systems along the extended route.
Surapong also warned if the 30-billion debt remains unpaid, it could balloon to 90 billion baht when BTSC’s concession expires in 2029.
The private sector is pushing for the government to include Hua Hin in the government’s reopening plan for target vaccinated tourists without quarantine requirements in October.
Krod Rojanastien, Federation of Thai Spa Associations (FTSPA) President and a member of the committee of Thai Chamber of Commerce (TCC), revealed after discussions with Tourism and Sports Minister Phiphat Ratchakitprakarn.
Krod said Hua Hin is ready to follow the government’s reopening plan and target vaccinated tourists without quarantine requirements in October under the Hua Hin Recharge campaign.
He said operators are preparing to offer tour packages. They are working with operators from different destinations, including Pattaya and Phuket, to swap tourists after they complete their 7-day trip in Hua Hin.
If Hua Hin Recharge can commence as scheduled, operators are expected to welcome around 100,000 international tourists, contributing 1.2 billion baht in tourism receipts.
He said the Tourism and Sports Minister has acknowledged this proposal and will forwarded it to the National Tourism Policy Committee’s meeting on May 6 before seeking further approval from the Centre for Covid-19 Situation Administration.
Political News Headlines in Thai Media
Thailand’s Minister of Public Health Anutin Charnvirakul defended his record in a late night Facebook post on Monday by saying that all major decisions were made by the prime minister and that his ministry had to carry out government policies.
o Link- https://www.thaienquirer.com/26807/health-minister-anutin-throws-prayut- under-the-bus-in-public-self-defense/
Anutin Charnvirakul, the Minister of Public Health and leader of the Bhumjai Thai Party, took to Facebook on Monday night to defend his record as the public health minister amid mounting criticism over his handling of the pandemic.
o Link- https://www.thaienquirer.com/26809/opinion-dear-khun-anutin-you-do-have-a- choice-leave-the-coalition/ Hospitals will keep admitting everyone who tests positive for the coronavirus, the government said on Monday, despite mounting pressure to keep beds available for the very sick.
o Link- https://www.thaienquirer.com/26768/government-maintains-policy-of- hospitalizing-all-positive-covid-tests-despite-bed-shortage/
Netizens and the opposition parties are calling for Health Minister Anutin Charnvirakul to resign following the alleged mismanagements of the latest wave of the coronavirus outbreak, and a backfired government communications campaign.
o Link- https://www.thaienquirer.com/26753/calls-increase-for-anutin-to-resign/
Prime Minister Prayut Chan-o-cha became the first person to be fined under Bangkok’s new mandatory mask rule on Monday.
o Link- https://www.nationthailand.com/in-focus/40000246
Wearing a face mask is compulsory in all vehicles carrying more than one person in Bangkok, City Hall said on Monday.
o Link- https://www.bangkokpost.com/thailand/general/2105803/masks-mandatory-in- vehicles-with-more-than-1-person-in-bangkok
The reopening of the new school term may be pushed back again to June 1 if widespread Covid-19 infections remain unchecked, according to the Office of the Basic Education Commission (Obec).
o Link- https://www.bangkokpost.com/thailand/general/2105847/school-term- reopening-may-be-delayed-to-june
The Department of Health Service Support is threatening to take legal action against at least a dozen private clinics and laboratories offering Covid-19 testing services that failed to comply with coronavirus control measures.
o Link- https://www.bangkokpost.com/thailand/general/2105931/12-clinics-labs-face- legal-action-over-control-measures
Economic News Headlines in Thai Media
The 93rd annual Academy Awards on Monday marked several firsts for Asian cinema.
o Link- https://www.thaienquirer.com/26785/asian-cinema-makes-oscar-history/
Stimulus plans worth around 300 billion baht to cope with the Covid-19 fallout are under consideration, to be introduced at the right time, the Ministry of Finance said Monday.
o Link- https://www.thaienquirer.com/26754/government-considers-a-further-300-bn- baht-in-economic-stimulus/
The Chinese Embassy has released a list of medical institutions in Thailand where people can seek a Covid-19 vaccination certificate to travel to China. The new list only includes 36 institutes, compared to 51 listed earlier.
o Link- https://www.nationthailand.com/in-focus/40000245
The Thai Chamber of Commerce and Board of Trade website on Monday opened registration for private companies who wish to procure Covid-19 vaccine at their own expense for their employees.
o Link- https://www.nationthailand.com/in-focus/40000238
A group of massage business owners handed in a petition to Bangkok governor Aswin Kwanmuang on Monday asking for assistance after their businesses were closed for 14 days as of Monday.
o Link- https://www.nationthailand.com/in-focus/40000236
The Government Pharmaceutical Organisation (GPO) on Monday said that 2 million Favipiravir tablets procured from Japan had arrived in Thailand. The drug has been imported for treating Covid-19 patients.
o Link- https://www.nationthailand.com/in-focus/40000231
The Stock Exchange of Thailand (SET) Index closed at 1,559.53 on Monday, up 5.94 points or 0.38 per cent. Total transactions amounted to THB83 billion with an index high of 1,561.52 and a low of 1,544.10.
o Link- https://www.nationthailand.com/business/40000242
The Charoen Pokphand (CP) Group, led by Suphachai Chearavanont, won the “World’s Most Ethical Companies 2021” award from Ethisphere Insitute, a global institution for evaluating ethical business standards.
o Link- https://www.nationthailand.com/business/40000235
Airports of Thailand Plc is taking out a 25-billion-baht loan, the first time it has borrowed money since it was created more than four decades ago.
o Link- https://www.bangkokpost.com/business/2105823/aot-forced-to-borrow-for- first-time
PTTEP Declares Force Majeure for Mozambique LNG Project due to Safety Reasons
o Link- https://www.kaohoon.com/content/439903
Bangkok Mass Transit System Plc (BTSC), as the operator of the BTS skytrain, is seeking to secure an Administrative Court order to get City Hall to pay its overdue debt worth around 30 billion baht, its CEO Surapong Laoha-unya said on Monday.
o Link- https://www.bangkokpost.com/thailand/general/2106059/btsc-seeks-to-collect- skytrain-dues
The State Railway of Thailand (SRT) is expected to name the contractors for two of its double-track rail projects in July.
o Link- https://www.bangkokpost.com/thailand/general/2105999/winners-of-rail-bids- to-be-known-july
Business sectors are preparing to face a more critical impact than last year's nationwide lockdown after a fresh wave of the contagion with more than 2,000 daily cases triggering stricter measures to contain the outbreak in Bangkok and other cities.
o Link- https://www.bangkokpost.com/business/2106023/private-sector-girds-for-third- wave
Shopping malls and retail stores have been asked to stock up on necessary goods to meet consumer demand as the third Covid-19 outbreak remains volatile, according to the Department of Internal Trade.
o Link- https://www.bangkokpost.com/business/2105991/malls-retail-outlets-told-to- ensure-supply
Local businesses should embark on business-to-business (B2B) e-commerce to ride the wave of the flourishing segment, expected to surge to US$20.9 trillion in sales globally by 2027, says DHL Express, a major international express service provider.
o Link- https://www.bangkokpost.com/business/2105987/local-firms-urged-to-push- b2b-e-commerce
SET-listed Gulf Energy Development's determination to acquire InTouch Holdings could prove favourable for three parties -- the government, Gulf, and InTouch's biggest shareholder Singtel -- say industry pundits.
o Link- https://www.bangkokpost.com/business/2106167/a-triple-dividend-deal
State infrastructure investments and a Thai-Chinese high-speed train project, which will fuel domestic demand for steel, is causing Tata Steel Thailand (TSTH), a business unit of India's largest steel maker to shift its focus towards local market sales rather than export.
o Link- https://www.bangkokpost.com/business/2105975/tata-steel-to-focus-on-local- markets
Japan Credit Rating Agency (JCR) remains upbeat on Thai economic prospects, expecting the country's economy to return to positive growth of around 3% in 2021 this year after contracting 6.1% in 2020 while affirming Thailand's sovereign credit rating at A- with a stable outlook.
o Link- https://www.bangkokpost.com/business/2106027/jcr-upbeat-on-thailands- economic-prospects
Issues to be watched out for
March 31-June 30, 2021 – The deadline extension to file personal income taxes for the 2020 tax year.
April, 2021 - 800,000 doses of Sinovac Covid-19 vaccine would be delivered to provinces nationwide.
April 2021 – The government is set to launch “area quarantine” plan to open Thailand to foreign tourists.
April, 2021 – Thai Airways International Plc (THAI) expects the Central Bankruptcy Court to consider its rehab blueprint for approval.
April 2021 – The Batong Airport is scheduled to be opened after being postponed from February due to the resurgence of the Covid-19.
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.
April, 2021 – The Ministry of Finance’s Fiscal Policy Office (FPO) is expected to revise economic forecast.
April 28, 2021 – Prime Minister Gen Prayut Chan-o-cha is set to meet the private sector including the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) and the Association of Thai Travel Agents (ATTA) to discuss distribution and imports of Covid-19 vaccines.
May, 2021 – The 66th Bangkok Gems & Jewelry Fair (BGJF) Virtual Trade Fair is set to be held. May, 2021 – The new parliament house will be officially inaugurated.
May 5, 2021 – The Constitutional Court is set to decide on the qualifications of Deputy Agriculture and Cooperatives Minister Thamanat Prompow over his eligibility to hold office due to his past criminal record in Australia.
May 12, 2021 – Thai Airways International Plc (THAI) is expected to hold a creditors meeting to inspect and vote for the rehab plan.
May 13, 2021 – The public prosecutor set a new hearing of 13 people involved in the protest in front of the German Embassy in Bangkok on 26 October 2020. The hearing has been postponed as the prosecutor said it had yet to finish the paperwork needed to file the case against the protesters.
May 15, 2021 – Nok Airlines Plc was granted the extension of the submission period of the rehabilitation plan, from original schedule on April 15, which is the last extension of time as permitted by law.
May 22, 2021 – the parliament convenes for an extraordinary parliamentary meeting.
May 27-28, 2021 – the parliament is to deliberate a budget bill for the 2022 fiscal year.
June, 2021 – Siam Bioscience to start mass production plan of Covid-19 vaccines.
June, 2021 – Bank for Agriculture and Agricultural Cooperatives (BAAC)’s debt holiday is due to expire.
June, 2021 – Thai Airways expects the bankruptcy court to hold hearings to consider and approve the plan and also appoint an administrator.
July, 2021 – TMB-Thanachart Bank (TMB-TBank) expects to complete the integration of the 2 financial entities.
July 1, 2021 – Vaccinated tourists can visit Phuket without undergoing mandatory quarantine.
September 1, 2021 – The government will collect value-added tax from Netflix, Youtube, Google, Facebook as well as other e-commerce services.
October, 2021 – Bangkok governor election is set to be held.
October 1, 2021 – The quarantine measure will be lifted in Krabi, Phang Nga, Pattaya and Chiang Mai.
Key Data
SET Index 1,559.53 +5.94
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 April 26, 2021
Buying, Selling or Transfer of shares by Owners/Management
Stock Code Volume Value Action
ACC 1,600,000 0.9 Sale JR 10,000 8.05 Purchase JR 5,000 8.05 Purchase RS 2,070 26.3 Purchase WAVE 400,000 0.36 Sale WICE 50,000 6.35 Purchase
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 26 Apr 2021 Unit: M.Baht Investor Type Buy Sell Net Value % Value % Value % Local Institutions 5,241.65 6.26 6,789.51 8.11 -1,547.86 - Proprietary 8,356.68 9.99 7,888.28 9.43 468.41 - Trading Foreign Investors 29,021.61 34.68 27,173.93 32.48 1,847.68 - Local Individuals 41,052.32 49.06 41,820.55 49.98 -768.23 - Monthly Cumulative between 1 - 26 Apr 2021 Unit: M.Baht Investor Type Buy Sell Net Value % Value % Value % Local Institutions 79,349.02 6.55 94,263.04 7.79 -14,914.03 - Proprietary 124,413.35 10.28 125,708.93 10.38 -1,295.57 - Trading Foreign Investors 412,306.08 34.05 417,150.07 34.45 -4,844.00 -
Local Individuals 594,734.66 49.12 573,681.06 47.38 21,053.60 - Yearly Cumulative since 1 Jan - 26 Apr 2021 Unit: M.Baht Investor Type Buy Sell Net Value % Value % Value % Local Institutions 519,054.16 7.5 556,734.14 8.04 -37,679.98 - Proprietary 735,076.09 10.62 732,496.51 10.58 2,579.58 - Trading Foreign Investors 2,438,216.25 35.22 2,472,729.64 35.72 -34,513.39 - Local Individuals 3,230,462.04 46.66 3,160,848.25 45.66 69,613.79 -
Total Trading Value 83,672.26 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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