Seat allocation irks PPRP allies : Sam Mitr Group to ‘review’ current ties . The latest reallocation of cabinet seats could spell trouble for the Palang Pracharath Party (PPRP) as the Sam Mitr (Three Allies) Group is threatening to review its ties with the PPRP, a party source said yesterday. Bangkok Post
BoT sees export contraction in Q2 : Recovery anticipated in second half of the year as plants relocate to Asean . The Bank of Thailand has grown more pessimistic, reckoning that the export contraction will extend into the second quarter because of intensifying trade tension between the US and China. Bangkok Post
Populist policies hurting farmers, says Pier report : Long-standing state subsidies have distorted crop prices, sunk farmers deeper in debt and contributed to falling productivity and higher inequality in resource accessibility, says the Bank of Thailand’s think tank. Bangkok Post
Protesters run riot, challenge China : Hundreds of Hong Kong protesters stormed the legislature on the anniversary of the city’s 1997 return to China yesterday, destroying pictures and daubing walls with graffiti in a direct challenge to China as anger over an extradition bill spiralled out of control. The Nation
BoT cuts July bonds by B60bn : Measure aimed at curbing hot money . The Bank of Thailand is tapering 60 billion baht out of its July issuance of three-, six- and 12-month bonds, in a move likely aimed at curbing hot money and the baht’s rapid gain. Bangkok Post
TAT trims 2019 arrival figures, focuses on niche markets : The Tourism Authority of Thailand (TAT) has revised down the number of international arrivals this year to 40.2 million from the 41.3 million forecast earlier. Bangkok Po
Glum export outlook despite truce : Shippers still see 1% contraction this year . Despite the recent trade truce between the US and China, Thailand’s export prospects remain gloomy and shipments are likely to shrink by 1% this year, according to the latest forecast by a key shipper group. Bangkok Post
BoT: Growth to rev up after first-half slowdown : GDP growth is likely to come in below 3% in the first half before revving up in the latter half on an expected recovery in exports, says a senior Bank of Thailand official. Bangkok Post
TAT targets LGBTQ tourists in New York pride parade : The Tourism Authority of Thailand (TAT) participated in the World Pride rally in New York City to promote equality for lesbian, gay, bisexual, transgender and queer (LGBTQ) individuals, and attract more tourists to the kingdom. Bangkok Post
Line-up fails to win fans : Experts question stability of coalition . Political analysts are saying the latest version of the cabinet line-up leaves a lot to be desired as some ministersto-be are known to have sketchy track records, and that the unity of the next government will be undermined by the continued bargaining among coalition parties. Bangkok Post
