1. UOB buys four Citibank retail arms: Singaporean banking group to acquire consumer businesses in key Asean markets. Good asset quality and strong competition in the Thai consumer banking sector are the main reasons United Overseas Bank (UOB) is buying Citibank’s retail arms in four Asean markets, says an executive. Bangkok Post
  2. Highway Department to open bid for 16 projects ~Bt290b, 12 projects sole investment & 4 joint development, will open bid for 2 rest area projects on M7 motorway total Bt96.6b by end of 1Q.
  3. Neilsen (TH) reported FY21 ad spending flat yoy at Bt107b, TV ad +1% yoy (Bt63.66b), digital +11% yoy (Bt23.31b), theatre dropped the most -22% yoy to Bt3.42b, printed -19% yoy to Bt3.1b, OOH -12% yoy to Bt9.7b, Radio -9% yoy to Bt3.26b.
  4. PPRP loses South by-elections: Analysts doubt Democrat wins mean a resurgence for party. The Palang Pracharath Party’s (PPRP) failure to capture two House seats in Sunday’s by-elections in Chumphon and Songkhla has prompted questions over whether the ruling party, which only just recently made inroads with voters in the South, is on the way out of government. Bangkok Post
  5. The cabinet approved an Bt1.48b from the central budget to fund relief measures to reduce the rising cost of living over a period of 3 months. The cabinet approved Bt14.6b to build the long delayed 3.98-km Kathu-Patong expressway with investment via public-private partnership (PPP).
  6. Commerce Ministry is putting chickens and chicken meat on price control list and rolling out more stringent measures for chicken raisers and slaughterhouses as well as feed meal factories, requiring them to declare their sales costs and stocks as part of efforts to deal with surging food price.
  7. PPRP renegades unveil party: Sang Anakot Thai aims to heal economy. A new party founded by former key members of the ruling Palang Pracharath Party (PPRP) insists it will not nominate Prime Minister Prayut Chan-o-cha as a candidate for the same role in the next election. Bangkok Post
  8. Chicken added to price control list: Feed meal factories face stricter measures. The Commerce Ministry is putting chickens and chicken meat on the state price control list and rolling out more stringent measures for chicken raisers and slaughterhouses as well as feed meal factories, requiring them to declare their sales costs and stocks as part of efforts to deal with surging food prices. Bangkok Post
  9. PM said no plan to reshuffle the cabinet or call snap elections following the ouster of renegade MPs from the ruling Palang Pracharath Party (PPRP).
  10. ‘Test & Go’ to resume Feb 1 with extra test requirement: The “Test & Go” programme for international visitors is set to resume on Feb 1, with stricter requirements which include another RT-PCR test to be taken on the fifth day following entry into Thailand, the government said yesterday. Bangkok Post

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