Category: Business

Gun traders view the order as 8 short-term measures. Controlling firearms and firearms The problem was not solved correctly. Points out that speeding up the crackdown on illegal guns will help reduce the crime problem.

Mr. Thitithorn Bupparamanee, President of the Firearms Business Association of Thailand Referring to the case where Mr. Anutin Charnvirakul, Deputy Prime Minister and Minister of Interior, ordered 8 short-term measures. Controlling firearms and firearms In order to strictly control firearms to prevent crime, that is, controlling firearms. I'd like to look at the dimensions and focus on illegal firearms rather than those that create problems. Guns are already strictly controlled by a registrar. Gun owners abide by the law. And it affects the honest rights of people in groups that really need it, like those who want to take care of their own property and life, such as stealing cattle. agricultural products Robbery of people's homes. There are 3 main groups of legal gun owners: 1. Having guns for the safety of life and property. 2.For sports 3.

However, operators have concerns. Regarding the ban on importing firearms and license renewal Can it really be controlled, such as by banning the importation of legal guns? It will encourage manufacturers to speed up the production of illegal guns. Like Thai-made guns, BB guns, blank guns, flooding into the black market, are they easier to find? Requiring a gun to be registered Or renewing the license every 5/10 years, considering shooting to keep bullet history. If it's a blank gun If the criminal changes the barrel, how can you check? As for banning people under 20 years of age from entering a shooting range, will it limit the rights of youth who want to train to become athletes? The shooting sport has brought great fame to the country. which past problems People often blame guns. Even though the gun was just one element that made the incident more violent. Therefore, I would like to call on the government to speed up the crackdown to the point of breaking the cycle of illegal illegal guns. When seized, all must be destroyed to prevent illegal reuse. and consider factors regarding the cause of the incident, including: Both family and social problems

Source: Thai News Agency

Stock Exchange of Thailand Create process teachers from 44 schools across the country In the INVESTORY Investment Learning Design Bootcamp project, secondary school teachers are encouraged to use learning models and develop teaching materials. To transfer to students in the form of Active Learning, it is expected that there will be a finance and investment curriculum that is suitable for the context of each school.

Mr. Sornphon Tulyasathien, Deputy Manager of the Stock Exchange of Thailand, said that the Stock Exchange Promoting financial and investment knowledge to youth continuously for more than 20 years because correct knowledge is a skill that youth can apply in their daily lives. Be ready to grow into an adult with financial security in the future. The key players in cultivating and transmitting such knowledge are teachers. Because of the closeness Know and understand your children very well. This makes it possible to design financial and investment teaching that is appropriate for children.

“The INVESTORY Investment Learning Design Bootcamp project was created to support and prepare teachers and schools. In passing on knowledge to high school students This is the age when one begins to be interested in investing. by the Stock Exchange Has provided knowledge and tools Promote process teachers in creating teaching media Organize the learning process according to the needs and context of each classroom. The project was organized for the first year. There were 54 secondary school teachers participating from 44 schools in 17 provinces nationwide. Which can be expanded to more than 6,000 students,” Mr. Sornphon said.

The project is divided into 3 phases:

• The first phase, “InvestTEACHER Workshop,” is a 5-day workshop to create teacher designers so that teachers can gain knowledge about investment principles. as well as learning tools and media that can be applied to teaching Let teachers practice reflection and share experiences It strengthens the skills of being a learning supporter.

• Period 2 “Teaching Lab” Teachers will use the teaching process and learning media that they have developed. Went to try teaching in a real classroom for 1 semester by the Stock Exchange. Providing ongoing advice and support

• Part 3 “Show and Share” is an important activity at the Stock Exchange. Open investment classrooms for teachers to use activities and teaching processes that have been developed and have been tested in real classrooms. To be published as a learning model and to exchange and share experiences with teachers in the network. During the "Show and Share" session held today (6 Oct. 2023), teachers organized demonstration classrooms for high school students with 9 models, including: Pay Like Going the Right Way, Life and Money Journey, Spells to Get Rich, Invest Life, Get Rich Before You're Old, Search the Sky....Grab Wealth by Investment, Bridge of Millionaires, Stock Detective And how risky is it? Ask your heart, which will lead to the creation of learning spaces and financial and investment knowledge sets for high school students that are appropriate for the context of each school

Source: Thai News Agency

Krungthai Bank cuts GDP growth in 2023 to 3 percent, expecting growth of 4.6 percent in 2024, warning that Thailand still faces a volatile global economy.

Krungthai COMPASS Research Center lowered the Thai economic expansion forecast in 2023 to 3 percent from the previous 3.4 percent due to the Thai economic recovery weakening. while exports for the whole year may be negative. As for next year, GDP is expected to Expanded by approximately 4.6 percent, with the tourism sector still being an important engine driving the economy, along with additional positive forces from the government's economic stimulus measures.

Krungthai COMPASS assesses that the Thai economy in 2023 will face many constraints. The main factor is the value of exports throughout the year which tends to be negative following the contraction of world industrial production. As for private investment, it may expand lower than estimated due to pressure from the export sector. In addition, government spending is likely to slow down, especially in the 4th quarter of 2023 due to problems with the decree preparation process. .B. Budget for 2024 is delayed, causing disbursement to be lower than usual. by the continuous improvement of the tourism sector It is also the main engine driving the Thai economy to grow. There is also a positive factor from the Free Visa policy that has helped attract Chinese tourists. It is expected that 29.5 million people will travel to Thailand in 2023.

In addition, the recovery of the tourism sector to a more normal state also supports employment and household spending, which are likely to continue expanding in the period ahead. In 2024, it is estimated that the Thai economy is likely to expand by approx. 4.6 percent, with the tourism sector still being an important engine for driving the economy Meanwhile, economic activities will recover to more normal conditions. This will help support employment and household spending with a tendency to expand further.

In addition, the government's economic stimulus measures will be an additional positive force that will support GDP to grow continuously next year. However, the Thai economy is still highly uncertain. from the global economic situation that tends to slow down Especially China, whose domestic purchasing power is still weak. There is also fragility in the real estate sector. In addition, money conditions will be tight from interest rates in major countries next year. will continue to be at a high level It is considered a low risk that reduces purchasing power in the world market and Thai exports. Meanwhile, entrepreneurs still have to face tougher competition from Chinese products.

Source: Thai News Agency

The FTI stated that the economy this year could expand in the range of 2.5 - 3.0% from the expectation that the government's free visa measures will help support tourism during the high season, along with evaluating the impact on the economy in 2024. The world and Chinese economy that do not continue to drag down the Thai economy may grow only 2.7%, along with offering a way to stimulate the economy and the purchasing power of the people. Especially the 560 billion baht economic stimulus project, but it should be limited to specific groups and areas of use in order to produce economic results.

Mr. Sanan Angubolkul, Chairman of the Board of the Thai Chamber of Commerce and the Board of Trade of Thailand as Chairman The FTI spoke after chairing the meeting. A joint committee of 3 private sector institutions (CPF) consisting of the Thai Chamber of Commerce Federation of Thai Industries and the Thai Bankers Association, where the FTI organized a committee meeting for October 2023 with Mr. Thawee Piyapatthana, Senior Vice President of the Federation of Thai Industries, and Mr. Phayong Sriwanit, President of the Thai Bankers Association. Co-chaired the meeting where the FTI assessed the economy as follows:

The world economy continues to slow and tends to recover more slowly than expected. The global economy is volatile and full of uncertainty. The OECD recently estimated that global GDP will grow only around 3.0% in 2023 and only 2.7% in 2024, with China's economic problems having an economic impact on the country. in the Asian region US economy and Europe is still likely to be in a slowdown direction, as reflected by the Purchasing Managers' Index for both the service and manufacturing sectors. As a result, Thai exports during the rest of this year face risks from a slow recovery of foreign demand.

The baht has continued to depreciate due to both external and domestic factors. The baht weakened in line with the strengthening dollar as the Fed tends to keep interest rates high for longer than expected. In addition, the Chinese economy has weakened during this period, resulting in the value of the Yuan and other currencies in the Asian region continued to depreciate Meanwhile, the value of the baht still has domestic factors from concerns about the government's economic stimulus policies that require large amounts of money. and the fiscal deficit increased This is despite the baht depreciating relatively quickly in September. But overall, it is still in line with regional currencies in the first 9 months of the year.

This year's economy can expand in the range of 2.5 - 3.0%. It is expected that the government's free visa measures will help support tourism during the high season, helping to increase the arrival of about 340,000 Chinese tourists, increasing the number of tourists. Foreigners are likely to reach the level of 29 - 30 million this year. Under the management of safety and to accelerate the confidence of foreign tourists during the tourist season. However, we still need to monitor climate change (El Niño) that will have an impact on the agricultural sector. Including energy prices in the world market that are in an upward direction, which may have an effect on domestic energy prices after the price reduction period according to government policy ends.

The FTI meeting will also prepare economic proposals to the new government. and request that the meeting of the joint public-private committee to solve economic problems (Central Corridor) be revived, chaired by the Prime Minister. It is proposed that the government hold a meeting every 3 months to serve as a forum for presenting opinions and guidelines for driving closer cooperation between the government and the private sector. and expedite action to resolve laws that are obstacles and are inconsistent with the current situation (Regulatory Guillotine) by prioritizing them. In order to have results quickly

In addition, the FTI also discussed additional important issues, including:

1. Helping SMEs access credit is more necessary than a debt suspension because SMEs are affected by COVID-19. Still recovering slowly and still not having full access to credit. This can be seen from the amount of SME loans that is still shrinking and a survey of SME opinions by the Office of Small and Medium Enterprises Promotion (OSMEP) that found that they wanted access to credit rather than a moratorium on debt payments. It should support and push SME businesses to be ready to support opportunities from the economy that is entering the high season of the tourism sector at the end of this year. and the government's massive economic stimulus with a total of 560 billion baht at the beginning of next year. The committee meeting proposed that the government use the mechanism of The Small Industry Credit Guarantee Corporation (TCG) has expanded credit guarantees for SMEs, increasing the guarantee rate from 30% to 50-60% by integrating the use of OSMEP funds. As a whole, it helps support loan guarantee fees. to reduce costs and help increase opportunities for SMEs to access funding sources.

2. The FTI meeting supports the economic stimulus project of 560 billion baht, but suggests that it should be limited to target groups that meet the needs. and limited area of use to create double economic results (Multiplier) more By supporting spending on products produced within the country (Local Content). If the budget can be controlled appropriately, there will be a budget to invest in water management as well, which is urgently important. To ensure that the growth of the Thai economy next year is uninterrupted and in accordance with the target. Focus on continuous growth

3. Adjusting the national minimum wage rate should use the mechanism of the tripartite committee to determine the guidelines. In order to be in accordance with the suitability of the economic situation in each province. Because the context and potential of each province are different. The minimum wage adjustment should be in accordance with labor law (Section 87 of the Labor Protection Act which determines factors in considering the minimum wage increase, such as inflation, cost of living, production costs, etc.)

4. Push forward the negotiation of FTA trade agreements between Thailand and foreign countries as much as possible. By accelerating the push for FTA negotiations currently in progress to be completed within the time frame for Thailand - EU, Thailand - Sri Lanka, Thailand - EFTA and opening negotiations to create FTA free trade agreements in important markets and new markets. and open negotiations for FTA free trade agreements in important and new markets such as the Middle East, South Africa, and Latin America, as well as FTAs that are currently being negotiated to be completed quickly. Including the establishment of the FTA Fund to promote and provide relief to those affected by trade liberalization. To expand trade opportunities and increase Thailand's competitiveness with neighboring countries.

5. The EEC meeting agreed that the government should support and invest in EEC infrastructure to attract continued investment. There are important issues that must be driven continuously. According to the overall draft plan for the development of the EEC, Phase 2, the context of changes affecting the EEC, grouping specific target industry clusters (2023 - 2027) according to 5 guidelines, consisting of 1) promoting investment in target industries and services of the future; 2) Increase efficiency and utilization of infrastructure and public utility systems 3) Raise the skills of workers to be ready for changes in technology and innovation. 4) Develop cities to be modern, livable and suitable for occupations, and 5) Link benefits from investment to community sustainability. Especially managing water in the EEC area to ensure it is sufficient for use in the industrial sector and ensuring readiness for foreign investors.

Accelerate the government's water management plan to achieve concrete results. In 2023, the amount of water actually usable as of October 2023 was at the level of 54%, which is lower than the level in the same period of 2022 at the level of 66% if the Elni condition. Yo is violent The amount of rain falling will be even lower than normal. It will result in the amount of usable water being even less and causing the damage from drought to become more severe and will have a wide impact. Therefore, the private sector requests that the government integrate the operations of relevant government mechanisms. So that water management is in the same direction. Water can be allocated for consumption, especially in important target areas such as the EEC and the northeastern region. Please expedite the development of important water reservoirs. To store reserves for the eastern region, such as the Wang Tanod Canal Reservoir Project. Including the establishment of a water management committee in the EEC area and reviewing the 20-year water resource plan that places importance on the development of new water sources in the northern region. Northeast

However, in summary, the private sector agrees that water management issues are urgently important. The government should therefore focus on budget allocation for water management, both short-term and long-term. You may consider using some of the budget from the economic stimulus project. To ensure that the growth of the Thai economy next year is uninterrupted and in accordance with the target.

7. Push forward the Carbon credit method so that it can be linked to international standards. and can conduct concrete trade with foreign countries The joint private sector committee of 3 institutions (SEC) will determine the role of the private sector in preparation. By the Chamber of Commerce Focus on the trade sector Agriculture and services Federation of Thai Industries Focus on the manufacturing sector And the Thai Bankers Association will come to support the financial sector. To create a clear format and be able to drive Carbon credit measures and be able to solve the problem of the European Union's pre-border carbon adjustment measures (CBAM) on the spot. Reduce the impact on exporters to the EU, etc.

Source: Thai News Agency

President of Parliament" points out that the country is not peaceful because people do not respect the law - officials receive benefits from influential people. Recommend reviewing various laws to make them equal and reduce opposition.

Mr. Wan Muhammad Noor Matha, Speaker of the National Assembly, gave a lecture at a seminar of the Senate Committee on Political Development and Public Participation on the topic of the country being unsettled. When the law is not respected, that peace in the country means having people in the country live with principles, truth, correctness, according to the rules, regulations and laws that have been created and agreed to be used together. You have to use it all, not just what you like. Because it will make the application of the law incorrect. The law must have principles. adhere to correctness Very fair It is not based on an individual or a group. Nowadays, it is accepted that people are more popular with social media and material things. This causes the deterioration of morality both secretly and publicly.

“The problems of ordinary countries But others saw that what was extraordinary was the growth of influence in the fields of politics, education, and business. In addition, corruption was illegal. But some people consider it normal. Even though it's not normal. As for the unequal laws It can cause resistance,” Mr. Wan Muhammad Noor said.

The Speaker of the National Assembly said that if there were many laws But without people following or trusting them, they will not be able to solve problems, such as gray matter, the matter of Kamnan Nok, etc. while the officials who receive the benefits will become influential. The country is not peaceful. Because people do not respect the law, it must be reviewed in order for the law to provide justice. and people have morals and ethics.

Source: Thai News Agency

SET closed this morning at 1,476.63 points, down 5.51 points (-0.37%), trading value approximately 44,430.63 million baht.

SET closed this morning at 1,476.63 points, down 5.51 points (-0.37%), trading value approximately 44,430.63 million baht. Analysts Revealed that the Thai stock market dropped in the morning. Receiving pressure from DELTA stocks falling, but still receiving support from money flowing from DELTA to other stocks, bond yields receding, BoT signaling to stop raising interest rates, and window dressing helping. Supporting the index without putting in any effort. The afternoon trend is expected for the market. Hope to recover Keep the support level at 1,475-1,470 points and the resistance level at 1,485 points.-Thai News Agency

Source: Thai News Agency

The BoT reveals the Thai economic situation in August 2023 has recovered following tourism sector income. Exports slowed following demand from trading partners. Inflation increases as the price of gasoline increases.

Mr. Sakkapop Panyanukul, Senior Director Macroeconomic Department Bank of Thailand Revealing the Thai economic situation in August 2023, it is in the direction of recovery based on income in the tourism sector. Part of this is expected to be a result of an increase in the number of stay days for foreign tourists. The number of foreign tourists decreased from the previous month. according to the number of Chinese tourists is important This is partly a result of the Chinese economy slowing down. As a result, Chinese people are more cautious in spending. However, tourists from many nationalities have increased, such as Japan, Malaysia, Germany, and Australia. According to the demand for tourism that still continues.

while domestic demand Both private consumption and investment slowed down somewhat. After accelerating expansion last month The value of merchandise exports excluding gold decreased. Partly from the slowdown in demand from trading partners. Exports of processed agricultural products decreased following a slowdown in demand from trading partners. Meanwhile, the agricultural product category decreased following durian exports to China. After the harvest season ended, however, exports of some product categories improved. Especially products whose value moves with the price of oil. and electrical appliances Meanwhile, industrial production remained stable. As for government spending, it continues to expand from current expenses.

Economic stability General inflation increased from the energy category. following the increase in the price of gasoline Meanwhile, core inflation and the fresh food category decreased. according to the price of ready-made food and the price of pork from increased market supply The labor market continues to improve. As for the current account balance, the surplus was mainly due to the trade balance. The average exchange rate of the baht against the US dollar depreciated. This is because the market has raised its expectation of an increase in the US Federal Reserve's (Fed) policy interest rate. The depreciation of the Yuan follows Chinese economic data that is lower than the market expected. And the Thai economic numbers came out lower than the market expected.

Source: Thai News Agency

The Bank of Thailand (BoT)’s Monetary Policy Committee (MPC) voted unanimously to raise the policy rate by 0.25 percentage point from 2.25 to 2.50 percent, effective immediately, announced Mr. Piti Disyatat, MPC’s Secretary.

The Thai economy overall continued to recover in 2023, albeit at a slower pace due to soft external demand. Growth should pick up in 2024, supported by both domestic and global demand.

Inflation is projected to increase next year in line with the recovery and El Niño-related supply pressure.

The Committee is monitoring additional impetus to growth and inflation from government economic policies. In the context of continuing expansion and narrowing slack, monetary policy should aim to keep inflation sustainably within the target range, foster long-term macro-financial stability, and ensure sufficient policy space given uncertain outlook.

The Committee thus voted to raise the policy rate by 0.25 percentage point at this meeting, said the BoT in its statement.

The Committee projects growth to be 2.8 and 4.4 percent in 2023 and 2024, respectively, driven by private consumption. Growth this year softened somewhat from a delayed recovery in merchandise exports and tourism, weighed by subdued growth in China and the global electronic cycle.

Growth should however pick up in 2024 from domestic demand, underpinned by a steady tourism recovery and a turnaround in merchandise exports, with additional support from government policies. (TNA)

Source: Thai News Agency

MPC Secretary reveals "Digital Wallet" supports 2024 GDP growth of 0.3-0.6 times, admitting that commercial banks may increase interest rates after the MPC raises interest rates by 0.25%.

Mr. Piti Disayathat, Secretary of the Monetary Policy Committee (MPC), discussed the digital wallet policy. that it was taken as one of the factors in adjusting the estimate The growth of the Thai economy in 2024 has been increased to 4.4% from the original 3.8%, but it remains to be seen for clarity on both the timing and the amount. It is expected that this will begin in February 2024. It is estimated that the said policy will cause an increase in spending in the system by 0.3- 0.6 times compared to if there were no such measures. and GDP may grow to 4.4 - 4.6%. However, even without digital wallet measures The Thai economy next year is likely to grow at least 4% from the tourism sector that continues to recover. and the export sector that has returned to expand As for the reduction of GDP in 2023 to 2.8% from the previous 3.6% due to merchandise exports and the tourism sector recovering more slowly than expected.

As for the case where the MPC raises the policy interest rate by 0.25 percent per year from 2.25 percent to 2.50 percent per year, it is accepted that it may result in commercial banks increasing interest rates. It depends on each bank's assets and liabilities. This will result in increased credit in the next period. However, the Bank of Thailand (BoT) will ensure that it remains at an appropriate level.

Source: Thai News Agency

SET closed this morning at 1,508.42 points, an increase of 1.06 points (+0.07%), trading value approximately 24,449 million baht.

SET closed this morning at 1,508.42 points, an increase of 1.06 points (+0.07%), trading value approximately 24,449 million baht. Analysts Reveals that the Thai stock market fluctuates in the morning. The first period dropped to the support level of 1,503 points before bouncing back in response to positive Thai export numbers, surprising the market. Reflecting the trend of continued recovery in the 4th quarter of 2023, supporting the strengthening of the baht. Foreign factors Investors wait to follow US economic data. The afternoon trend is expected to continue positive with support at 1,503 points and resistance at 1,520-1,530 points

Source: Thai News Agency