April 26, 2021
Thai Enquirer Summary
General News
Today’s unofficial numbers are out. The data source has so far been on the spot for the past week but it is not final until 11:30 am when the Center for Covid-19 Situation Administration (CCSA) announces the numbers.
The data shows that there are 2,048 new infections as of yesterday
8 new deaths
Sunday’s data that was released yesterday showed 2,438 new infections and 11 deaths and Sunday’s data suggested that the number of deaths in Thailand is rising sharply and most are younger people.
Sunday’s data suggested that 11 people died and most of the dead were from 27- 40 years of age.
The government is looking to ‘targeted’ lockdown certain areas and the measures would be implemented within this week (April 28th)
The lockdown is likely to be specific to areas where the virus is spreading such as Bangkok, Chiang Mai, Prachuap Kirikan, Chonburi and others.
Opposition MPs have come out to reveal that Natthaphon Natthasomboon, Director- General of the Meteorological Department has been infected with COVID-19 and has kept his timeline a secret as he may have gone to Krystal Pub in Thonglor.
He had checked-in to Phramongkutklao Hospital where he was diagnosed with Covid-19 but never revealed his timeline of where he had gone and when he had gone there.
These details were released by Yuttaphong Jaratsathien, MP Mahasarakham Pheu Thai party.
Thailand bans entry of non-Thai citizens from India as the strain of the virus in India is very strong.
The number of days for quarantine for those coming from India/Pakistan and Bangladesh has been raised to 21-days from 15-days earlier.
Nonthaburi municipality has come out to ask those who visited ‘The Mall’ Ngam Wong Wan should get themselves tested as 4 of the staff in the ‘bakery’ zone have tested positive and 40 of the staff in the supermarket are now under watch.
Bangkok and provinces around the country have come out with a ‘fine’ of 20,000 baht for anyone found not wearing a mask when venturing outside the house.
Nonthaburi officials caught some motorcycle drivers not wearing mask but as they could not afford 20,000 baht in fine, they were asked to do push-up or else pay the fine.
A total of 48 provinces have now implemented measures to wear mask and/or pay fines
This includes the likes of Bangkok /Kanchanaburi /Nonthaburi /Chiang Mai/Chonburi /Chanthaburi /Saraburi /Prachuab Kirikhan /Lopburi /Loei/ Yala/ Surat Thani etc.
Over the weekend the Bangkok Metropolitan Administration ordered the closure of all the venues listed below from today (Monday) until May 9 (total of 14-days).
While all this has been ongoing, as many as 28 people were caught partying. The people partying were from various foreign nationals be it Philippines, Thai, and some western countries.
The party was in a pool villa with as many as 28 people was busted after the police raided and some of those apprehended said that they did not know if the country was under ‘Emergency’ for Covid-19 outbreak.
Political News
Calls have been made for the resignation of Public Health Minister Anutin Charnvirakul, as this move was prompted by doctors who were not happy with the way Anuthin has been handling the Ministry and the 3rd wave of the outbreak.
As many as 143,644 signatures were gathered within the weekend when the petition was filed by www.change.org but the Ministry of Digital Economy has
come out to say that this was in breach of the law and pulled down the signature gathering campaign.
Calls have been made to Prayut Chan-o-cha and his Phalang Pracharat Party to sacrifice Bhumjai Thai party but no such decision has been made yet.
When asked by reporters, Anuthin said that he had asked for this position himself but when it is time, he will walk away himself when he feels it is right time to move on.
Students across the country held protests with social distancing and with masks on their face. They all stood in-front courts to show their displeasure of not granting bail to the student movement leaders. To make matters worse some of the student leaders have been diagnosed with Covid-19 infection.
Cracks are appearing in the coalition as Phalang Pracharat Party has assigned Thamanat Prompaow, the deputy leader of the party who was convicted of drug dealing in Australia nearly a decade ago.
Thamanat has been assigned Songkla, Nakon Si Thammarat and Phuke, a move that has irked the Democrat party which has a stronghold in the southern province.
Democrat party leader – Jurin Laksanawisit, has raised his opposition to this move as it was something that he and the party feels is a way to possibly eat into the Democrat party’s turf in the south.
Opposition parties are set to discuss the planned 2022 budget issues via online video conference as the virus spreads.
Pheu Thai party’s Member of Parliament - Chaiya Promma, from Nong Bua Lam Phu, came out to predict that the government may opt to dissolve the parliament by November or December 2021 as Prime Minister Prayut Cha-o-cha has failed in his management of the country in both social and economic management.
The outbreak of Covid-19 has pushed the government to be exposed to its failures of management from every aspect.
Pheu Thai’s Nakorn Machim, a person reportedly close to Thaksin Shinawatra, has come out to say that the house dissolution is likely to come after the current government makes its cash handouts to the public and that there may already be people who are lining up to be the next Prime Minister which includes the likes of Prayut Chan-o-cha Prawit Wongsuwon Anutin Charnviruakul Thamanat Prompaow
Thailand’s ordinance factories are continuing to produce arms and keeping the people entertained with their artistry.
This is one of the ordinance factories that has some of its arms on display at the entrance.
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Economic News
Thailand’s unemployment rate is likely to surge as those seeking benefit from the Social Security Office (SSO) has been on the rise.
The rise in unemployment is likely to rise from the 2020 figures which saw as many as 1.21 million people use their benefit from the SSO. The 1.21 million people who used the right was 67 per cent out of the 2.21 million people who opted out of the SSO system last year.
The numbers are likely to rise as more businesses are likely to close shop amid impact from the Covid-19 outbreak.
The SSO expects as many as 5,000 more businesses to shutter during this year which could add to the rising number of layoff of employees.
Covid-19 is a boon for businesses such as hospitals and Vibhavadi Hospital Plc (VIBHA), says that it expects its overall performance in 2021 to see improvement of 30- 40 per cent because the situation has improved from the previous year.
VIBHA said that it was likely to recognize revenues from new hospitals and earn more income from COVID-19 treatment. The company plans to expand the business both through acquisitions and new investments.
VIBHA said that in the past 1-2 years, the company has not acquired new hospital business but invested through the purchase of shares in the hospital business group that the company raised funds through Stock Exchange of Thailand (SET) such as Sikarin Hospital Plc (SKR), Thai Nakarin Hospital (TNH), Ramkhamhaeng Hospital Plc (RAM).
Thailand’s Rice Exports have hit a decade low with data showing that for the month of April 2021 Thailand’s rice export were at a mere 300,000 tonnes, the lowest in 10-years. One of the biggest reason for the fall in exports was the shortage of containers to ship the rice even though the exporters were willing to pay 2x the normal freight rates, there were no containers to take the rice to the destination.
The private sector has come out to offer a helping hand and have offered to give the country all that it can to get through this period of severe outbreak. The biggest businesses in the country have come out to offer their help prompting Krungthep Thurakij to run this as its front page this morning.
During the past week, the private sector announced 10 locations to be used as vaccination sites as a pilot project.
After a meeting on the progress of vaccine procurement plan by the private sector via Google Hangouts Meet, TCC chairman Sanan Angubolkul revealed 10 vaccine sites approved by the private sector as follows: 1) Siam Cement Group 2) Central Ladprao Department Store 3) Samyan Mitrtown 4) Fashion Island shopping mall 5) Central Pinklao 6) The Mall Bangkae 7) True Digital Park 8) Asiatique 9) Thanya Park 10) Icon Siam
The TCC plans to discuss the idea of these sites with Bangkok Metropolitan Administration (BMA) medical service team on April 27.
Given the economic turbulence brought about by the pandemic, the government may
need to rethink its fiscal sustainability framework, which caps public debt at 60 per cent
of GDP, says the Public Debt Management Office (PDMO). Patricia Mongkhonvanit, PDMO's director-general, said with the current economic crisis, government borrowing is instrumental in shoring up the economy.
The government has insisted its plan to reopen Phuket to foreign tourists on July 1 remains on course despite the country facing a third wave of Covid-19. Deputy Prime
Minister and Commerce Minister Jurin Laksanawisit admitted the current infection rate is
threatening the reopening but doubled down on the target, stressing the government would try by all means to see the first foreign arrivals set foot on the island on July 1.
Political News Headlines in Thai Media
Why is Thailand still buying weapons when the country is running out of vaccines and hospital beds? That is the question that members of the opposition are putting to the government ahead of looming budget debates.
o Link- https://www.thaienquirer.com/26729/buy-vaccines-not-weapons-members-of- the-opposition-tells-government/
The next two weeks will be “crucial” in Thailand’s fight against the third wave of the pandemic, public health officials told Thai Enquirer on Monday.
o Link- https://www.thaienquirer.com/26744/next-two-weeks-will-be-crucial-in-covid- fight-public-health-officials-say/
Myanmar’s military chief and leader of the February 1 coup d’état met with leaders from across ASEAN for three hours on Saturday, coming to a fragile and controversial five- point consensus on how to de-escalate tensions in Myanmar.
o Link- https://www.thaienquirer.com/26735/three-takeaways-following-the-asean- summit-on-myanmar/
Thailand broke the 2,000 new cases plateau for the first time on Friday. The unwanted record means that the third wave of the pandemic is now the more severe with hospitals filled to capacity throughout the country.
o Link- https://www.thaienquirer.com/26682/opinion-the-prayut-prawit-government- has-failed-and-now-were-stuck-with-them/
Over the past week, India has seen a catastrophe rise in the number of coronavirus cases. The country is seeing daily infection rates in the hundreds of thousands.
o Link- https://www.thaienquirer.com/26722/opinion-the-government-must-prioritize- the-lives-of-thais-living-in-india-as-situation-deteriorates/
Since Myanmar’s February 1 coup, critics have expressed disappointment with ASEAN’s lack of action. With the special ASEAN Summit on Myanmar looming this Saturday, academics weigh in on options ASEAN has – based on its structure, history and culture – to deal with the Myanmar crisis.
o Link- https://www.thaienquirer.com/26670/what-can-asean-do-about-myanmar/
The Milk Tea Alliance celebrated its first anniversary on April 7. But with democracy movements across the region facing setbacks, where does the Alliance stand today? What are its possible futures?
o Link- https://www.thaienquirer.com/26671/the-milk-tea-alliance-one-year-in-where- is-it-now/
Last week, the trailer for Marvel’s latest superhero flick dropped. Shang-Chi and the Legend of the Ten Rings is suppose to be the studio’s first Asian-lead superhero, a milestone moment for Asian representation in Hollywood.
o Link- https://www.thaienquirer.com/26674/asian-americans-celebrate-shang-chi-but- asia-notes-its-orientalism-and-stereotypes/
The spokesperson of the Centre for Covid-19 Situation Administration (CCSA), Dr Taweesin Visanuyothin, has debunked a rumour that wealthy Indians were booking charter flights to fly to Thailand after a huge surge in cases in India exceeding 300,000 daily.
o Link- https://www.nationthailand.com/in-focus/40000206
An online group, "MorJaMaiThon" [Doctors can’t stand anymore], has launched a campaign demanding the resignation of Public Health Minister Anutin Charnvirakul.
o Link- https://www.nationthailand.com/in-focus/40000196
Bangkok has ordered the temporary closure of more business establishments from April 26 to May 9, in a bid to contain the spread of Covid-19, the Bangkok Metropolitan Administration (BMA) said on Sunday.
o Link- https://www.nationthailand.com/in-focus/40000192
Close to two-thirds of Covid-19 cases in the third wave in Bangkok can be traced to entertainment venues, according to statistics revealed by the Centre for Covid-19 Situation Administration (CCSA).
o Link- https://www.nationthailand.com/in-focus/40000207
The Bangkok Metropolitan Administration (BMA) is implementing three plans to combat the rising Covid-19 caseload: boosting capacity at Bangkok hospitals, modifying hotels to become "hospitels" for asymptomatic patients, and launching field hospitals.
o Link- https://www.nationthailand.com/in-focus/40000205
The third Covid-19 wave is the most severe in Thailand, according to the majority of respondents, Suan Dusit Poll said on Sunday. The online survey on "Thais and the third Covid-19 wave" was conducted between April 16 and 22 on 2,082 respondents nationwide.
o Link- https://www.nationthailand.com/in-focus/40000199
Registration for the next phase of vaccination will start from May 1, the Ministry of Public Health said.
o Link- https://www.nationthailand.com/in-focus/40000198
Don't leave home without wearing it. Bangkokians are ordered to put on masks from Monday or be subject to a hefty fine.
o Link- https://www.bangkokpost.com/thailand/general/2105235/masks-made- compulsory-in-bangkok
On Saturday, Minister of Foreign Affairs Don Pramudwinai posted on his Twitter that he had attended ASEAN Leaders’ Meeting in Jakarta.
o Link- https://www.nationthailand.com/in-focus/40000185
A group of Thai medical professionals has issued a statement, asking the country’s prime minster to reconsider locking down the country again as a matter of urgency, citing the rapid spread of the latest wave of COVID-19 infections and fears that the medical system will collapse.
o Link- https://www.thaipbsworld.com/thailands-prime-minster-asked-to-reconsider- another-national-lockdown/
Asean leaders met Myanmar's junta chief Min Aung Hlaing in Jakarta yesterday and reached a five-point consensus on how to tackle the political crisis the country is facing.
o Link- https://www.bangkokpost.com/thailand/general/2104915/asean-leaders-agree- 5-point-plan-for-myanmar
Chukiat Sangwong, a Ratsadon protest leader detained at Bangkok Remand Prison, has tested positive for Covid-19, putting 35 inmates and prison officials at risk of the disease, said the Corrections Department.
o Link- https://www.bangkokpost.com/thailand/general/2104931/ratsadon-leader-falls- victim-to-virus-while-in-prison
The Criminal Court has granted conditional bail to political activists Somyot Pruksakasemsuk and Jatupat "Pai Dao Din" Boontararaksa, who both face multiple charges including lese majeste.
o Link- https://www.bangkokpost.com/thailand/politics/2104615/court-grants-2- activists-bail
Prolific petitioner Srisuwan Janya has asked the Office of the Ombudsman to seek a judicial review of the prosecution's decision not to indict Progressive Movement co- founder Thanathorn Juangroongruangkit for breaking an election law by holding media shares.
o Link- https://www.bangkokpost.com/thailand/politics/2104683/srisuwan-makes-case- for-thanathorn-prosecution
The Democrat Party has expressed displeasure at a key figure of the ruling Palang
Pracharath Party (PPRP) being appointed to oversee a Covid-19 coordination effort in
three southern provinces traditionally regarded as Democrat strongholds.
o Link- https://www.bangkokpost.com/thailand/general/2105355/thamanats-new-role- irks-democrats
Economic News Headlines in Thai Media
Steel stocks rose despite a broader market dive on Friday as global steel prices jumped to twice their level a year ago, led by Thai-German Products (TGPRO) and G J Steel (GJS).
o Link- https://www.thaienquirer.com/26703/steel-stocks-rise-on-global-prices/
Thailand’s exports in March jumped 8.47 per cent from a year earlier to USD 24.22 billion, the highest since November 2019, said the Commerce Ministry Friday.
o Link- https://www.thaienquirer.com/26691/thai-trade-posts-solid-gains-on-global- recovery-and-vaccines/
Shopping complexes and community malls will be open from 11am to 8pm from April 25 to May 2 in Covid-19 red zone provinces, the Thai Retailers Association announced on Saturday. Supermarkets and cafeterias will close at 9pm, while convenience stores will be open 5am to 10pm.
o Link- https://www.nationthailand.com/in-focus/40000173
Kasikorn Research Centre (K-Research) forecast a huge slump in the number of foreign tourists visiting Thailand this year to around 250,000 to 1.2 million people following the latest Covid-19 wave since late March.
o Link- https://www.nationthailand.com/in-focus/40000147
The Stock Exchange of Thailand (SET) Index closed at 1,553.59 on Friday, down 14.62 points or 0.93 per cent. The volume of total transactions was THB86.15 billion with an index high of 1,564.62 and a low of 1,550.62.
o Link- https://www.nationthailand.com/business/40000158
Despite the new wave of Covid-19, Thai Vietjet has announced that it will continue operating all its flights and claims it is one of the safest travel alternatives during the pandemic.
o Link- https://www.nationthailand.com/business/40000152
Rojana Industrial Park Pcl and EVLOMO Inc plan to set up an 8GWh (gigawatt hours) lithium battery plant in the Eastern Economic Corridor (EEC).
o Link- https://www.nationthailand.com/business/40000174
The Bank of Thailand (BoT) is likely to slash its economic growth outlook for this year and next year as the country struggles with a rapidly spreading third wave of Covid-19 infections.
o Link- https://www.bangkokpost.com/business/2105215/bank-of-thailand-to-slash- gdp-forecasts-after-new-outbreak
The government has halved its expected number of international visitors to 3-4 million this year and slashed its tourism revenue forecast.
o Link- https://www.bangkokpost.com/business/2104599/tourism-goals-dashed-after- third-covid-surge
Whether the state enterprise status of Thai Airways International Plc (THAI) will be returned depends on creditors, Finance Minister Arkhom Termpittayapaisith said on Friday.
o Link- https://www.bangkokpost.com/business/2104627/thais-state-status-is-up-to- creditors
National oil and gas conglomerate PTT Plc is increasing its grip on its power generation arm Global Power Synergy Plc (GPSC) to 44.45% from 31.72% in its latest share restructuring move as it aims to increase investment in the power business.
o Link- https://www.bangkokpost.com/business/2104699/ptt-invests-in-its-power-arm
The Digital Industry Sentiment Index dropped to 46.4 in the first quarter from 49.9 in the final quarter of 2020 after being weighed down by the pandemic and the troubling economic situation, says the Digital Economy Promotion Agency (Depa).
o Link- https://www.bangkokpost.com/business/2104707/digital-sentiment-weakens-in- 2021
Thailand risks lagging behind Malaysia, Vietnam and even Indonesia for investment competitiveness if obstacles are not smoothed over, warns the former senior country officer and managing director for JPMorgan Thailand.
o Link- https://www.bangkokpost.com/business/2105443/adviser-says-barriers-need- alleviating
The City Hall on Saturday night ordered a closure of certain establishments including fitness centers and spas in an effort to curb the spread of the coronavirus in the capital.
o Link- https://www.khaosodenglish.com/news/crimecourtscalamity/2021/04/24/spas- gyms-cinemas-among-venues-to-be-shut-in-bangkok/
The value of Thai food exports is expected to increase by 5-7% this year to 1 trillion baht as a global Covid-19 vaccination drive continues, says the Federation of Thai Industries' (FTI) food processing industry club.
o Link- https://www.bangkokpost.com/business/2105415/value-of-food-exports-to-rise- amid-global-jab-drive
The third wave of the pandemic is the biggest in Thailand and threatens to reduce GDP growth in the country by 1.2 percentage points this year, forcing the state and private sectors to cooperate to survive the crisis.
o Link- https://www.bangkokpost.com/business/2105507/leaders-hold-their-breath
Issues to be watched out for
January 25-March 31, 2021 – The implementation of the 2nd-phase of the co-payment scheme will allow registrants to start spending. 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.
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 1,553.59 -14.62
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 23, 2021
Buying, Selling or Transfer of shares by Owners/Management
Stock Code Volume Value Action
AKR 500,000 1.19 Purchase AKR 500,000 1.2 Purchase JUTHA 1,000,000 1.13 Sale QLT 30,000 4.6 Sale RS 500,000 26.45 Purchase SK 350,000 1.37 Sale SK 570,000 1.4 Sale SST 20,000 1.2 Sale TAPAC 9,638,271 0.58 Sale ZIGA 25,000,000 3.5 Sale ZIGA 16,000,000 3 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 23 Apr 2021 Unit: M.Baht Investor Type Buy Sell Net Value % Value % Value % Local Institutions 5,188.51 6.02 8,039.72 9.33 -2,851.21 - Proprietary 8,015.86 9.3 8,364.67 9.71 -348.8 - Trading Foreign Investors 29,904.53 34.71 31,737.73 36.84 -1,833.19 - Local Individuals 43,043.01 49.96 38,009.80 44.12 5,033.21 - Monthly Cumulative between 1 - 23 Apr 2021 Unit: M.Baht Investor Type Buy Sell Net Value % Value % Value % Local Institutions 74,107.37 6.57 87,473.54 7.76 -13,366.17 - Proprietary 116,056.67 10.3 117,820.65 10.45 -1,763.98 -
Trading Foreign Investors 383,284.47 34.01 389,976.15 34.6 -6,691.68 - Local Individuals 553,682.34 49.12 531,860.51 47.19 21,821.83 - Yearly Cumulative since 1 Jan - 23 Apr 2021 Unit: M.Baht Investor Type Buy Sell Net Value % Value % Value % Local Institutions 513,812.51 7.51 549,944.63 8.04 -36,132.12 - Proprietary 726,719.41 10.63 724,608.24 10.6 2,111.17 - Trading Foreign Investors 2,409,194.65 35.23 2,445,555.72 35.76 -36,361.07 - Local Individuals 3,189,409.72 46.63 3,119,027.70 45.61 70,382.02 -
Total Trading Value 86,151.91 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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