October 9, 2020
Thai Enquirer Summary
Political News
Months after the opposition accused the government of embattled Prime Minister Prayut
Chan-o-cha and the military of undertaking ‘Information Operations’ (IO), social media
giant – Twitter, late last night came out to announce that it has unearthed 926 accounts
which could be “reliably linked to the Royal Thai Army and was actively engaged in
information warfare against the government’s political opposition.
Twitter uncovered a network of accounts “partaking in information operations”
against prominent anti-government figures and opposition politicians.
Twitter said it had new data adding to its archive of information operations, with
networks affiliating with Iran, Thailand, Cuba, Saudi Arabia & a previously
disclosed network from Russia.
A total of 1,594 accounts were found globally and nearly 59 per cent of
these belonged to the Royal Thai Army who were targeting the opposition.
2nd
to Thailand was Cuba with 526 accounts
3rd
was Iran with 104 accounts
4th
was Saudi Arabia with 33 accounts
5th
was Russia with 5 accounts
To take a look at the statement by Twitter please click
https://blog.twitter.com/en_us/topics/company/2020/disclosing-
removed-networks-to-our-archive-of-state-linked-information.html
Political analysts are likely to say that this is going to be another issue that could trigger a
higher number of people coming out to protest on October 14th
when the students plan to
undertake their protest that they hope would see as many as last major protest which had
about 70,000 to 100,000 people attending at Sanam Luang (the students renamed the area
into Sanam Rasadorn).
Yesterday the student leaders gathered to announce their plans for the rally
In the lead-up to a major anti-government rally scheduled for October 14, human
rights lawyer Anon Nampa, one of protest leaders, announced to lead protesters to
extend the mass rally for as long as it takes if the government refuses to give in to
its demands.
Anon and student activists including Jutatip Sirikhan, president of the Student
Union of Thailand (SUT), Panusaya “Rung” Sithijirawattanakul, leader of the
United Front of Thammasat and Demonstration, Panupong “Mike Rayong”
Jaadnok and Jatuphat “Pai” Boonpattaraksa read out a statement announcing the
reincarnation of the “Khana Rasadon” (the People’s Party) operated by the Free
People and Free Youth Movements.
They also promised “a surprise” during the protest and that they will not to block
the road when a motorcade carrying His Majesty the King is to pass through the
area, on its way to the Temple of the Emerald Buddha, to preside over a ceremony
to make presentations to monks who have completed high levels of Buddhist
studies.
The group continued pressing for 3 demands including the resignation of Prime
Minister Prayut Chan-o-cha, reform of the Monarchy and the opening of a special
parliamentary session to rewrite the Constitution.
Following the group’s press conference yesterday (October 8), Anon took to his
Facebook page saying that he had received a death threat from a man who threatened him
if the group continued to offend the Monarchy.
Former Red Shirt leader who changed sides to join the government of Gen. Prayut,
Suporn Atthawong, vice minister of the Prime Minister’s Office, claimed that ex-
politicians, former MPs of a now-defunct party and current MPs who are government
opponents were masterminds behind student-led rallies.
He also accused a former MP of the now-dissolved Future Forward Party of
giving speeches in several provinces to stir up anti-government sentiment and
being behind the mobilisation of crowds to join student rallies in Bangkok.
Suporn said he received information that that opponent MPs have paid for travel
expenses for protesters from the provinces to join the planned major rally. Suporn
said however these MPs failed to enlist supporters because many locals decided
not to join the planned rally because they realised that the rally is not about
calling for democracy but targeting the Monarchy.
He is currently compiling evidence to support his claim for ex-politicians and
opposition MPs who are behind the anti-monarchy movement for authorities to
take legal action against them.
Meanwhile, the 1992 May Heroes Relatives Committee ramped up pressure on the
Democrat Party to withdraw from the coalition.
At the Democrat Party, committee chairman Adul Khieuboribun and around 20
committee members submitted a letter to Deputy Prime Minister and Commerce
Minister Jurin Laksanavisit, as the Democrat Party leader, to take the Democrat
Party out of the coalition to pave the way for a selection process for a new prime
minister as a way to resolve the current political impasse.
Adul said he was deeply concerned by the student-led rally scheduled for October
14 in which protest leaders are calling for monarchy’s reform.
Adul said his groups supports student leaders’ demands for the resignation of
embattled Prime Minister Gen Prayut Chan-o-cha but without touching on the
Monarchy.
Adul said it is now time for the Democrat and Bhumjai Thai parties to remove
themselves from the coalition to pave the way for a new government to be
installed.
On the charter amendment issue, senators still refused to back calls for an amendment of
Section 256 to allow a new constitutional drafting panel to be formed. This could derail
the entire process seeking to amend the constitution, Natchanon Srikorkua, a Bhumjaithai
MP from Songkhla as secretary of the House committee assigned to study charter
amendments, revealed.
Natchanon said the Senate viewed that amendment of Section 256 is to allow the
country to enact an entirely new constitution, not just section-by-section changes.
The committee is set to hold a 3-day meeting from October 14 to 16 to discuss
progress on charter amendment motions.
On local elections, Deputy Prime Minister Wissanu Krea-ngam has hinted at the
possibility that provincial administrative organisation (PAO) elections and a national
referendum on charter changes could be held at the same time to save money.
Wissanu’s comment came following concerns that local polls could be delayed
again if they clash with a referendum on charter amendments.
Concerns were raised as the EC had noted that polling would be around 60 days
away from another vote so that the EC is able to organise elections properly.
Ex-army chief Gen Apirat Kongsompong is reported to enter a monastery for 1 month at
the Wat Hong Rattanaram Temple in Bangkok. He was ordained a monk in the presence
of relatives and friends, as well as military officers and police officials.
The spectrum of conflict between Phalang Pracharat Party (PPRP) MP Sira Jenjaka and
Bangkok governor Pol Gen Aswin Khwanmuang appears to keep deepening as the House
committee on laws, justice and human rights chaired by Sira announced plans to summon
the Bangkok Governor, Bang Khen Police superintendent Pol Col Atthaphol Meeseung
and Bang Khen District chief Sombut Worasinwattana to explain a violent brawl recently
broken out at Por Kung Pow Restaurant near Laksi-Saphan Mai on Theparak Road.
The Sira-headed committee resolved to invite the 3 figures to give their
statements in relation to the incident. Sira related the incident to the fact that
illegal pubs, bars and night entertainment venues have been allowed to open
without licenses. He wants to hear details of the incident and an explanation from
Pol Gen Aswin.
Interestingly, the move came after Sira came out to call for Assawin to step down
as Bangkok governor.
The National Anti-Corruption Commission (NACC) revealed the assets and liabilities of
3 cabinet ministers after being dropped from the cabinet in July 2020 including former
inance minister Uttama Savanayana, former energy minister Sontirat Sontijirawong and
former labour minister Chatumongol Sonakul.
According to a report released by the NACC yesterday (October 8), Uttama had
230,823,088 baht; most of his assets are bank deposits. Uttama reported total
assets of 223,866,935 baht prior to taking office at the Finance Ministry portfolio
on July 16, 2019. He sees an increase of assets since taking office by more than 7
million baht.
Sontirat had 158,183,198 baht worth in assets including 93 million baht worth of
investments and 68 lists of assets worth 60.6 million baht. Sontirat saw about 9
million baht more than 149,131,970 baht he declared on assuming the cabinet
post.
Chatumongol Sonakul had 462,446,853 baht in assets in July 2019, about 41
million baht more than the 421,391,723 baht declared earlier.
Economic News
Dhanin Chearavanont, senior chairman of Charoen Pokphand Group (CP), urged the
government to issue a 30-year bond to provide liquidity to Thai business as he pointed
that the Thai economy cannot survive a prolonged virus crisis by relying on government
economic stimulus measures and tax rebate schemes to stimulate domestic spending
alone.
Dhanin suggests issuance of a 30-year bond to provide 10 trillion baht to revive
the economy.
The opening up of the country to international tourists amid restrictions on travel
and limitations on government stimulus measures are not enough to resuscitate
the economy, pointed CP senior chairman as he pleaded the government to help
SMEs.
Thai Airways International Plc (THAI)’s union urged THAI employees to wear black
during 9.00-12.00 hrs today (October 9) at THAI head office in protest against the
appointment of Ponguma Didyasarin, the wife of ACM Chaiyapruk Didyasarin, chairman
of the board, as acting corporate social responsibility (CSR) director.
THAI’s union decried Ponguma’s appointment, perceived it as the lack of
transparency amid the airline’s rehabilitation at the Central Bankruptcy Court.
The union also opposed THAI’s financial commitment to its sister airline Thai
Smile Airways.
Tada Phutthitada, president of the Thai Bond Market Association (Thai BMA), came out
to call on the government to set up a corporate bond guarantee fund in order to rescue
tourism-related industries that have been hit hard by the Covid-19 pandemic.
The fund may be set up by the government with a fund size of 50 billion baht,
which would enable it to guarantee corporate bonds up to 125 billion baht, or 2.5
times, he said.
Tourism-related industries, such as hotels, could raise funds by issuing bonds
with 3-year maturity and the guarantee fund will compensate investors when
issuers default on payment, said Tada, pointing that 3-years maturity would be
enough as tourism is likely to recover from the coronavirus outbreak.
In the first 9 months this year, companies issued bonds worth 540 billion baht.
They are expected to raise funds via bonds for the rest of the year, said Tada, and
forecast total corporate bonds worth 800 billion baht for this year.
Outstanding bonds in the first 9 months rose 5.09 per cent to 14.2 trillion baht
from the end of last year. The issuance of government bonds contributed to the
rise of outstanding bonds, but outstanding corporate bonds dropped.
The University of the Thai Chamber of Commerce (UTCC) reported yesterday that the
consumer confidence index dropped to 50.2 in September from 51 in August, following
readings of 50.1 in July, 49.2 in June, 48.2 in May and 47.2 in April.
"Overall consumers are increasingly worried about political stability after several
political protests were held in September and the finance minister abruptly
resigned," said Thanavath Phonvichai, the UTCC president. "People also fretted
over the slow recovery of the economy and job-loss prospects. The prolonged
outbreak also results in a negative impact on domestic purchasing power, tourism,
exports and general businesses."
He said consumers are expected to slow their spending until the fourth quarter of
this year or until the end of the crisis.
Foreign investor’s dumped Thai shares worth more than 276 billion baht over a 9-month
period of this year, dragging down the Thai bourse to dip below the 1,300 mark at
1,237.04 points in September, down 25.8 per cent year-on-year, according to Stock
Exchange of Thailand (SET) senior executive vice-president Soraphol Tulayasathien.
The combined net profits of SET-listed companies were forecast to stand at 613
billion baht this year and 785 billion baht next year, said Asia Plus Securities’
executive vice president of research Therdsak Thaveeteeratham. Listed
companies’ profit next year to average 72.51 baht per share from 56.65 baht per
share this year, as the quarterly profit is expected to bottom out since the second
quarter of this year.
Therdsak expected the SET to hit 1,450 points next year and 1,526 points if the
Bank of Thailand’s Monetary Policy Committee cut the interest rate 1 more time
this year.
“The positive sentiment that would help boost the SET is high liquidity of
15.5 trillion baht, higher than the index market capitalisation of 13 trillion
baht. According to previous statistics, the cash is likely to flow into the
index when the deposits are higher than the index market capitalisation,
especially when the interest rate is likely to stay at a low level for 1-2
years because the return on deposit was not high,” he said.
He also predicted that foreign funds would likely return to the market after they
continued selling until their shareholding in the Thai stock market fell to 25.8 per
cent currently.
Today is the 1st day trade of NR Instant Produce Plc (NRF)
The Initial Public Offering was at 4.60 baht a share
Bualuang Securities initiated a coverage of this company with a ‘Buy’ rating and
put a target price of 8 baht a piece for fiscal year 2021.
---------------------------------------------------------------------------------------------------------------------
General News
Thailand logged 7 new cases, all in state quarantine, as reported yesterday (October 8) by
the Centre for Covid-19 Situation Administration (CCSA).
Among the seven new infections, five are Thais, including two women returning
from Hungary and one each returning from the United Arab Emirates, the
Netherlands and India.
A 61-year old American, arriving from the US, and a Kuwaiti woman arriving
from Kuwait have also tested positive for COVID-19 while in quarantine.
Cumulative infections in Thailand, to date, are 3,622 while the number of
recoveries has increased to 3,439, with 124 others still being treated in hospital.
The death toll remains at 59.
Political News Headlines in Thai Media
Twitter revealed on Thursday that it had uncovered a network of accounts “partaking in
information operations” against prominent anti-government figures and opposition
politicians.
o Link- https://www.thaienquirer.com/19487/breaking-twitter-reveals-962-social-
media-accounts-run-by-the-thai-army-to-discredit-political-opponents/
Germany is considering a proposal to halt free trade talks between the European Union
and Thailand due to the Thai government’s undemocratic practices, according to debate
within the Bundestag this week.
o Link- https://www.thaienquirer.com/19479/germany-considers-halting-fta-
negotiations-with-thailand-over-suppresion-of-democracy/
Prayut Chan-ocha, is not listening to the demands of the pro-democracy protestors. Why
should he? After all, in his mind, he is completely legitimate.
o Link- https://www.thaienquirer.com/19429/opinion-prayut-is-using-age-old-excuses-
to-tarnish-the-students-reputation-because-he-fails-to-listen/
The pro-democracy activist group, “Free People”, gathered in Bangkok’s Sanam Luang
on Thursday afternoon to officially announce details of the October 14 protest.
o Link-
https://www.nationthailand.com/news/30395852?utm_source=category&utm_mediu
m=internal_referral
A well-known whistle-blower unveiled another corruption case in the Army on Thursday
after he was allegedly forced to falsely withdraw travel allowance in his own name.
o Link-
https://www.nationthailand.com/news/30395850?utm_source=category&utm_mediu
m=internal_referral
Former Army chief General Apirat Kongsompong went into monkhood on Thursday at
the Hong Rattanaram Ratchaworawihan temple in Bangkok.
o Link-
https://www.nationthailand.com/news/30395831?utm_source=category&utm_mediu
m=internal_referral
A senator’s car, which was parked in a prohibited zone and blocked other people’s access
to the area on Thursday morning, has won a lot of backlash on social media.
o Link-
https://www.nationthailand.com/news/30395838?utm_source=category&utm_mediu
m=internal_referral
Deputy Prime Minister Wissanu Krea-ngam on Thursday said it is possible to hold
provincial administrative organisation (PAO) elections and a national referendum on
charter amendments at the same time to save money.
o Link- https://www.bangkokpost.com/thailand/politics/1999043/pao-polls-charter-
vote-can-be-held-simultaneously
Economic News Headlines in Thai Media
Shares of DELTA Electronics Plc (DELTA) rose by 11.45 per cent to 199.50 baht per
share after Thursday’s morning session ended, an increase of 20.50 baht, making it the
most active trading stock with a transaction value of 1,104.2 million baht.
o Link- https://www.thaienquirer.com/19472/delta-surges-sharply-as-market-sees-
increase-in-cloud-products-demands/
Consumer confidence drop for the first time in five months because of rising political
tension, the University of the Thai Chamber of Commerce (UTCC) said on Thursday.
o Link- https://www.thaienquirer.com/19468/consumer-confidence-drops-for-the-first-
time-in-five-months-because-political-instability/
Thailand has been a victim of its own success in eliminating domestic Covid-19
infections and must find a way to balance the needs of the economy with virus
prevention, the US ambassador to Thailand said while on a recent mission to the Eastern
Economic Corridor (EEC).
o Link- https://www.bangkokpost.com/business/1999163/us-envoy-says-thailand-is-a-
victim-of-its-success
An Energy Ministry news source revealed that Deputy Prime Minister and Minister
Supattanapong Punmeechaow is planning to nominate ministry permanent secretary Kulit
Sombatsiri as the new board chairman of PTT Plc to replace Krairit Euchukanonchai,
who will turn 65 in December and therefore can no longer remain a board member of a
state enterprise.
o Link-
https://www.nationthailand.com/news/30395809?utm_source=category&utm_mediu
m=internal_referral
The Government Housing Bank (GHB) is offering special housing loans to medical
professionals as a way of thanking them for their dedicated work during the Covid-19
outbreak.
o Link-
https://www.nationthailand.com/news/30395844?utm_source=category&utm_mediu
m=internal_referral
The Centre for Economic Situation Administration on Thursday decided to extend the
government’s “Rao Tiew Duay Kan” (We Travel Together) and “Kum Lung Jai”
(Encouragement) stimulus packages to January 31, 2021.
o Link-
https://www.nationthailand.com/news/30395840?utm_source=category&utm_mediu
m=internal_referral
More than 200,000 retailers have registered in the “Kon La Khreung” (Let’s Go Halves)
economic stimulus package and the number is expected to rise before the scheme kicks
off on October 23.
o Link-
https://www.nationthailand.com/news/30395833?utm_source=category&utm_mediu
m=internal_referral
Bangkok governor Pol General Aswin Kwanmuang, accompanied by Bangkok
Metropolitan Administration officials, visited the Bangkok Mass Transit System (BTS)
Gold Line’s Krung Thonburi station on Thursday to check its progress.
o Link-
https://www.nationthailand.com/business/30395858?utm_source=category&utm_me
dium=internal_referral
Thai Smile Airways, a subsidiary of Thai Airways International, plan to fly on four new
routes in the last quarter of this year, chief executive officer Charita Leelayudth said.
o Link-
https://www.nationthailand.com/business/30395864?utm_source=category&utm_me
dium=internal_referral
The Small and Medium Enterprise Development Bank of Thailand (SME D Bank) has
joined forces with General Electronic Commerce Services (GEC) on improving SMEs’ e-
commerce potential via The Hub Thailand platform to increase their market channels and
revenue.
o Link-
https://www.nationthailand.com/business/30395832?utm_source=category&utm_me
dium=internal_referral
The international airport on the renowned tourist island is on course to receive at least
15,000 domestic passengers per day during the resort island's annual vegetarian festival
from Oct 16 to 25, to generate about 200 million baht for the ravaged local economy.
o Link- https://www.bangkokpost.com/thailand/general/1998951/phuket-veggie-
festival-spurs-airport-passengers
With the US presidential election fast approaching, geopolitics will remain a factor
causing turbulence in stock and bond markets worldwide until early November, says the
Stock Exchange of Thailand (SET).
o Link- https://www.bangkokpost.com/business/1999047/set-geopolitics-key-in-
upcoming-market-activity
Fast Auto Show Thailand organisers expect used car trade will stand at 1.5 million
transactions in 2020, a 5% dip from last year, but are still optimistic about a better
outlook than for new car sales.
o Link- https://www.bangkokpost.com/business/1999035/used-car-traders-optimistic
The government's proposed "Shop Dee Mee Kuen" (Shop and Payback) scheme will
boost the national economy only in the short term, according to the Kasikorn Research
Centre.
o Link-
https://www.nationthailand.com/news/30395867?utm_source=category&utm_mediu
m=internal_referral
Issues to be watched out for
October, 2020 – The bidding for construction and operation for the 140-billion-baht
Orange Line western extension linking the Thailand Cultural Centre with Bang Khun
Non.
October 2020 – The Trade Competition Commission is set to rule on CP’s acquisition of
Tesco Lotus’s Asia business in a deal worth US$10.6 billion.
October, 2020 – The Thailand Grand Prix was rescheduled after being postponed due to
the coronavirus outbreak.
October 12, 2020 – Deadline for applications for the RECO Young Designer Competition
hosted by Indorama Ventures Plc (IVL).
October 14, 2020 – A major anti-government rally by various groups led by the
Democracy Restoration Group (DRG) at Democracy Monument. The same day marks the
anniversary of the 1973 student uprising.
October 16, 2020 – Registration for the 3-month economic stimulus package called “Khon
La Khrueng” (Let’s Go Halves) will open for some 10 million Thai nationals over the age
of 18 through the www. คนละครึ่ง.com website.
October 21, 2020 – The House committee assigned to study charter amendment bills is
expected to complete its study and submit its report to parliament on the next day.
October 23 -December 31, 2020 – 14 million welfare cardholders will receive an extra
monthly discount of 500 baht on their shopping under the government’s economic
stimulus package.
October 27, 2020 – The Central Bankruptcy Court is set for first hearings for Nok Airlines
regarding the rehabilitation process.
October 28, 2020 – The Constitutional Court is set to rule on the fate of 64
parliamentarians from both government and opposition camps over media-shareholding
cases.
November 1, 2020 – The second batch of 120 foreign tourists issued with the Special
Tourist Visa (STV) scheme from Scandinavian and Schengen countries on a Thai Airways
International (THAI) flight and land at Suvarnabhumi Airport.
November 1, 2020 – The next parliamentary session will begin.
December 2020 – The Federation of Thai Industries (FTI)’s “Faster Payment” scheme to
increase liquidity for small and medium-sized enterprises (SMEs) during the pandemic is
set to end.
December 20, 2020 – Tentative date for elections of Provincial Administrative
Organizations (PAOs) in 76 provinces.
February 28, 2021 – Tentative date for municipality elections and the election of tambon
administrative organizations (TAOs).
April, 2021 – The central bank plans to officially implement the new rule on the rate of
penalty imposed on loan defaulters in a bid to ease borrowers’ burdens and motivate them
to repay their debts.
Key Data
SET Index 1,274.83 +11.12
Link - https://www.set.or.th/en/company/ipo/upcoming_ipo_set.html
Global Commodities
Metal -Link http://www.bloomberg.com/markets/commodities/futures/metals/
Energy -Link - http://www.bloomberg.com/energy/
Baltic Dry Index (BDI)-Link - http://www.bloomberg.com/quote/BDIY:IND
Global Equity Market’s Movements
Link - http://www.bloomberg.com/markets/stocks/world-indexes/asia-pacific/
Asian Equity Markets Movement
Link - http://www.bloomberg.com/markets/stocks/world-indexes/
Information on October 8, 2020
Buying, Selling or Transfer of shares by Owners/Management
Stock Code Volume Value Action
AIMIRT 40,000 13 Purchase
ALT 28,605,000 3.5 Purchase
ALT 28,605,000 3.5 Purchase
BDMS 20,000 19 Purchase
BLA 6,794,102 - Acceptance of Transfer
BM 1,000 2.14 Purchase
BAY 100 19.4 Sale
BAY 100 28 Purchase
Revoked by
Reporter
CHG 100,000 2.37 Purchase
CKP 1,294,800 4.94 Purchase
CKP 578,500 4.92 Purchase
CKP 687,000 4.96 Purchase
CPW 200,000 2.7 Sale
EP 150,000 3.84 Purchase
LIT 5,000 3.26 Sale
RCL 250,000 5.8 Purchase
SYNEX 1,400 14.8 Purchase
SYNEX 1,400 15.4 Sale
TKN 2,000,000 12.14 Sale
UTP 50,000 14.6 Purchase
XD, XE or XM or other notifications
For list of Companies that have dividend payment and AGM meeting schedules click on
http://www.set.or.th/set/calendarofevents.do
Trading Breakdown on the Stock Exchange of Thailand
Daily as of 8 Oct 2020 Unit: M.Baht
Investor Type Buy Sell Net
Value % Value % Value %
Local Institutions 6,698.95 11.96 6,451.50 11.52 247.45 -
Proprietary
Trading
8,119.50 14.5 6,959.92 12.43 1,159.58 -
Foreign Investors 17,993.21 32.12 18,622.17 33.25 -628.95 -
Local Individuals 23,200.86 41.42 23,978.94 42.81 -778.08 -
Monthly Cumulative between 1 - 8 Oct 2020
Unit: M.Baht
Investor Type Buy Sell Net
Value % Value % Value %
Local Institutions 34,185.46 11.27 31,244.41 10.3 2,941.05 -
Proprietary
Trading
38,768.14 12.78 37,388.14 12.32 1,380.00 -
Foreign Investors 101,074.75 33.31 107,762.91 35.51 -6,688.16 -
Local Individuals 129,415.03 42.65 127,047.92 41.87 2,367.11 -
Yearly Cumulative since 1 Jan - 8 Oct 2020
Unit: M.Baht
Investor Type Buy Sell Net
Value % Value % Value %
Local Institutions 1,301,982.59 10.94 1,230,869.20 10.34 71,113.39 -
Proprietary
Trading
1,243,901.65 10.45 1,240,210.46 10.42 3,691.19 -
Foreign Investors 4,180,180.94 35.11 4,464,543.09 37.5 -
284,362.15
-
Local Individuals 5,178,488.09 43.5 4,968,930.52 41.74 209,557.58 -
Total Trading Value 56,012.52 Million Baht
Background Information –
The strength of each party in the Thai Parliament as of May 8, 2019 as per the report by the
Election Commission of Thailand. Elections took place on March 24, 2019
https://www.ect.go.th/ect_th/news_all.php?cid=24
List of MPs - https://www.ect.go.th/ect_th/download/article/article_20190508184334.pdf
Information provided here is copyright of ThaiNews Corp and no part maybe reproduced in any form without
the prior written permission. The opinions expressed are only those of the writer’s and is analysed based on the
situation.