1. BOT tightens rules on virtual banking licenses, not allowing changes of shareholders deemed critical in 1st 3-5 years, no director person with management power, advisor may serve at other financial institutions, BOT to implement new lending guidelines to prevent over-indebtedness of household borrowers.
  2. Cross border trades, FDI & infra investment in Myanmar are expected to shrink further on U.S. plans to introduce fresh round of sanction to 2 banks in Myanmar Foreign Trade Bank & Myanmar Investment & Commercial Bank within this week.
  3. Public sector spending may be ~Bt1.8t to Bt1.9t from 4Q to 1Q of 2024, which should be enough to help support the economy despite expected delay in the new budget, NESDC.
  4. Dept of Special Investigation (DSI) has agreed to investigate STARK over suspicions of fraud by its former executives, which came to light after it failed to submit its financial statements in time as required by law.
  5. May car production +16.48% yoy to 150,532 units, as a shortage of microchips eased, after dropping 0.13% in Aprl, 5M23 vehicles production +6.72% yoy to 775,955 units
  6. Electricity bills poised to decrease: Power tariff to drop by 0.2 baht per unit. Electricity bills are likely to be slightly less expensive during the last four months of this year, with the power tariff decreasing by 0.2 baht per kilowatthour (unit) because of an adjustment to the average price of the gas pool, which partly determines power generation costs, says the Energy Regulatory Commission (ERC). Bangkok Post
  7. Bourse, SEC eager to revamp listing criteria: In response to the erosion of confidence in the Thai capital market, the Stock Exchange of Thailand (SET) and the Securities and Exchange Commission (SEC) have agreed to upgrade listing regulations and strengthen supervision to enhance the quality of listed companies. Bangkok Post
  8. New PM tipped on July 13: Next cabinet likely to be in place July 21. A joint sitting of the House of Representatives and the Senate is expected to convene on July 13 to select a new prime minister, according to a source at the cabinet meeting. Bangkok Post
  9. Battle for coveted speaker post rages on: The battle over who gets the House speaker post is to continue after Pheu Thai yesterday denied agreeing to let the Move Forward Party take the position as recently claimed by MFP secretary-general Chaithawat Tulathon. Bangkok Post
  10. The Pheu Thai Party has agreed to let the MFP take the House speaker seat, on condition that it gets to name two deputy House speakers.

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