FPO wavers on deadline for IFRS 9 : The Fiscal Policy Office (FPO) has proposed that the Finance Ministry push back a mandatory effective date for specialised financial institutions (SFIs) to adopt International Financial Reporting Standard 9 (IFRS 9), currently scheduled for next January. Bangkok Post
EC provides clarity on dissolution cases : The Election Commission (EC) insisted there are justifications for handling two cases involving the Thai Raksa Chart Party (TRC) and the Palang Pracharath Party (PPRP) differently. Both parties are facing offences which will possibly lead to their dissolution.Bangkok Post
Airports concessions shake-up sought : Retailers make progress with airports authority in talks for more openness on selection of traders . The Thai Retailers Association (TRA) said yesterday that it has come to an agreement with the board of the Airports of Thailand (AOT) to divide business concessions at airports into three separate contract types – for duty-free outlets; retail, food and beverage, service and banking; and duty free pick-up counters. The Nation
FTI asks delay on electronic waste bill, fearing exodus : The Federation of Thai Industries (FTI) will call for the National Legislative Assembly (NLA) to delay a decision on an electronic waste disposal bill by a further 45 days, arguing that the new bill will cause factories to relocate from Thailand and jeopardise 753,357 jobs in the industry. Bangkok Post
NLA nod clears path for scripless issuance, tokenization : An amendment to the Securities and Exchange Act received the endorsement of the National Legislative Assembly on Feb 8, paving the way for scripless securities issuance and tokenised securities via blockchain technology. Bangkok Post
Close to half of Asean CEOs see slowdown in global growth : Nearly half of chief executive officers in the Association of Southeast Asian Nations (Asean ) expected a decline in global economic growth in 2019, according to PwC’s 22nd Annual Global CEO Survey.
Baht surges to 5-year high near 31 : Investors optimistic on US-China talks . The baht soared to its highest level against the dollar in more than five years yesterday on hopes that the US and China would be able to secure a trade deal and avert retaliatory tariffs. Analysts expect the local currency to continue marching past the 31-baht mark. Bangkok Post
Manpower sees 1.2% unemployment : US recruitment agency Manpower Group Thailand forecasts an unemployment rate in 2019 of 1.1-1.2%, equal to 418,000-450,000 people, up from 400,000 in 2018. Bangkok Post
China Energy to invest $100m at U-tapao : China Energy Engineering Corporation, a state-owned conglomerate, looks set to invest $100 million in the first phase of hybrid power plants to supply U-tapao airport. Bangkok Post
AoT approves ‘Terminal 2’ but scraps controversial design : Airports of Thailand Plc’s (AoT) board yesterday gave the nod to a 42-billionbaht plan to build a second terminal at Suvarnabhumi airport, but it scrapped a blueprint for the terminal’s design. The Nation
