1. Arkhom pushes insurance variants: Minister wants policies to cover damage to the environment and state infrastructure. The Office of the Insurance Commission should consider approving insurance that covers environmental damage and damage to state infrastructure, says Finance Minister Arkhom Termpittayapaisith. Bangkok Post
  2. Govt relief schemes ‘inject B5.73bn’: Over 20 million people have taken part in the latest instalments of the government’s financial relief programmes in the first three days of September, says Pornchai Thiraveja, director-general of the Fiscal Policy Office. Bangkok Post
  3. Tourist arrivals reached 4.63m 8M22, largest from Malaysia at 647,648, followed by those from India, Laos, SG and Cambodia. Tourism body target 10m arrivals this year. TH Hotel Association (THA) reported average Aug OCC at 48% vs 45% in July, expects positive momentum continue thru 4Q on higher proportion of international travelers after reopened.
  4. Aug CPI rose 7.86% yoy, vs 7.9% estimation, thanked to government’s subsidies.
  5. Finance Ministry’s been given the green light to guarantee a loan worth Bt85b which the Electricity Generating Authority of Thailand (Egat) will use to cushion the effect of a higher fuel tariff (Ft) driving up household electricity bills.
  6. NBTC’s proposed measures to govern the amalgamation deal of TRUE and DTAC, including prohibiting their mobile business subsidiaries from merging within 3 years and banning mobile network sharing during the period.
  7. Prayut’s PM tenure ‘ends 2025’: Leaked details come as court case looms. Meechai Ruchupan, former chairman of the 2017 charter drafting committee, says that Gen Prayut Chan-o-cha’s premiership officially began in April of 2017 when the current constitution was promulgated, according to a document leaked to the media. Bangkok Post
  8. TIT FOR TAT: Sector suggests assistance with loans. Banks are in talks with regulators about easing FIDF fee contributions in exchange for moves that could help the economy. The Thai Bankers’ Association (TBA) has discussed with regulators further easing of banks’ contributions to the Financial Institution Development Fund (FIDF) as interest rates rise. The TBA talked with the Bank of Thailand and the Finance Ministry about relaxing the FIDF fee contribution to the ministry, but related parties have yet to finalise how to do so, said Payong Srivanich, chairman of the TBA, after yesterday’s meeting of the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB). Bangkok Post
  9. National rice committee expects the country to ship 7.5m tons of rice this year, 7% more than a government forecast earlier this year. Thailand exported 4.09m 7M22, up 54% yoy. National Rice Policy and Mngt Committee approved Bt150b to support the farmers’ rice income guarantee scheme for the main crop of the 2022/23 season.
  10. Panel okays B150bn for rice initiative: The National Rice Policy and Management Committee approved yesterday providing 150 billion baht to support the farmers’ rice income guarantee scheme for the main crop of the 2022/23 season. Bangkok Post

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.