Organic law probe could doom Pita: Cases against MFP leader mount. The Election Commission (EC)’s decision to investigate Move Forward Party leader Pita Limjaroenrat over whether he had violated the organic law on the election of members of parliament may lead to many senators voting against his bid for the prime minister post, according to a former commissioner. Bangkok Post
MFP survives first calls for dissolution: EC throws out lese majeste petitions. Four recent petitions along with a request to dissolve the Move Forward Party (MFP) have been dismissed as groundless and no reason for dissolution by the Election Commission (EC), according to a source. Bangkok Post
Outlook better for rice exports in H2: Thailand should see greater opportunities to export rice in the second half of the year as countries that import are rushing to stock up on concerns about drought. Bangkok Post
Highway 12 to economic heaven: Route’s imminent opening raises hopes of investment windfalls. The completion of Highway 12 – a 793-km transport corridor linking Tak in the North with Mukdahan in the Northeast – will provide immense business opportunities as the emerging economic driver in the region, according to local transport and tourism industry leaders. Bangkok Post
Chevron eyes greater Thai gas production: Move would help cut costly LNG imports. Chevron Thailand plans to explore for oil and gas at a new block it was awarded, helping the government reduce imports. Our investment plans will not only be good for Thailand in terms of tax and royalty collection, but will also help the country deal with expensive energy prices. Chatit huayhongtong President, Chevron Thailand Bangkok Post
Interior Ministry shot down BTS’s hope of getting Bt20b payment from the BMA, saying the caretaker cabinet has no authority to endorse such a payment, will have to wait for new government.The EC’s confirmed that 330 MPs-elect in the constituency contest are not facing any complaints, yet to endorse any.Prime Minister’s assigned the Finance Ministry and relevant agencies yesterday to study the possibility of extending the excise tax cut on diesel of Bt5/litre, which is scheduled to end on July 20 this year.Tourism Ministry reports 11.4m foreign tourists from Jan – June 11, spending Bt472b, surpassing 11.15m the whole of last year
BOT warns of renewed threat from resurgent tourism, expansionary fiscal policy by a new government, and rate decision will be guided more by outlook on inflation and growth rather than latest data.
SET50 components are expected to rebound on window dressing in 2H of Jun following deep plunged since early this year: SCGP, GPSC, SCC, CBG, GULF, TU, BGRIM, TOP, CPF, AOT, LH, JMART, JMT among target, Tabloid.
Thai ESG bond market set to increase funding: Funds mobilised by the issuance of environmental, social and governance (ESG) bonds in Thailand are expected to expand from the current outstanding value of more than 583 billion baht, according to the Thai Bond Market Association (ThaiBMA). Bangkok Post
Govt must brace for El Nino: Low rainfall forecast for the next five years. Experts are warning Thailand to brace for unusually low average rainfall that may lead to drought as a result of the El Nino weather pattern. Bangkok Post
