Day: March 11, 2024

Bangkok, Kasikorn Bank (China) opened a new headquarters in Shenzhen, Guangdong Province, People’s Republic of China. Raising the level of service in China and support the expansion of trade and investment Focusing on Chinese businesses that want to invest in Thailand and ASEAN. with Thai-ASEAN businesses that want to expand the market to China To connect economies between regions Reinforcing being a bank in the AEC+3 region through digital services

Mrs. Kobkarn Wattanawarangkun, Chairman of the Board Kasikorn Bank revealed that since 2017, when Kasikorn Bank (China) operated as a Locally Incorporated Institution (LII), it has focused on services that help local customers in China access financial services. To enhance life development and increase business opportunities under the concept of ‘Better Me and Better SMEs’ through digital service channels. Along with connecting Chinese business customers with the AEC+3 region through the network of banks in the ASEAN region, and recently, has marked growth to an
other level. with the opening of a new headquarters in the heart of Shenzhen. By investing in more than 13,700 square meters of office building space, covering 7 floors from floors 12-18, accommodating approximately 1,000 employees, in order to expand services to business customers, SMEs, and individual customers. Enhance digital technology capabilities To provide services that meet the needs of the present era that do not stop at just providing financial services. From presenting a banking platform that takes advantage of the bank’s service network in key strategic areas throughout the ASEAN region such as Vietnam and Indonesia.

This opening of the new headquarters In addition to announcing another step of success for Kasikorn Bank, which aims to become a regional bank, It is also a symbol of the good relations between China and Kasikorn Bank. Since pioneering business in China in 1994 until the present, Kasikorn Bank has focused on promoting trade across international borders. including members in ASEAN co
untries The election of the bank’s headquarters in Shenzhen It is a strategic decision rooted in history and a favorable environment. including a forward-looking vision In addition to being a city of technology, Shenzhen Until being dubbed the Silicon Valley of China, it is also one of the main cities of the Greater Bay Area new economic area covering Hong Kong, Macau, Guangzhou, which is an integrated economic zone. It aims to be a global leader by 2036.

In this regard, with the vision of aiming to be a bank in the AEC+3 region, the bank has collaborated with partners to bring cutting-edge technology to create products and services. To meet the financial needs of businesses, such as supporting investment in Chinese companies expanding business in Thailand and ASEAN, doing E2E Online Lending for retail customers. Creating a cross-border payment system (cross-border payment and settlement), investment services (Wealth Management) and insurance businesses Both in China, Thailand and in the region, which is in
line with the measures for exempting visas between each other (Free Visa), it is an opportunity to attract more Chinese tourists and businessmen who are likely to come to Thailand. It is considered to be an era of building relationships between both business sectors and exchanges between people.

Kasikorn Bank (China) is currently the first foreign bank from ASEAN to have its headquarters in Shenzhen. It has assets of over 100,000 million baht, growing at an average of 30% per year, has over 3 million retail customers and has branches in 4 main cities in China, namely Shenzhen, Beijing, Shanghai and Chengdu, to cover the business customer network. between Thailand, China and AEC, which is important to make Kasikorn Bank different from other service providers. According to the concept of being Regional banks.

Source: Thai News Agency

Thanh Hoa: The Chairman of the provincial People’s Committee of the northern central province of Thanh Hoa has issued an official dispatch on implementing urgent tasks and measures to prevent illegal, unreported, and unregulated (IUU) fishing as part of national efforts for the early removal of the European Commission (EC)’s “yellow card” warning against Vietnamese seafood.

Accordingly, authorities of costal districts, towns and Thanh Hoa city are required to focus on the management of fishing ships. Communes should assign officials in charge of the work and promptly handle cases of fishing vessels and anglers fishing illegally in foreign waters.

The dispatch emphasises that heads of Party committees and administrations at all levels must bear direct responsibility for the fight against IUU practices.

The provincial Department of Agriculture and Rural Department has been ordered to collaborate with the provincial Border Guard Command, Police, and authorities of coastal districts, towns, Thanh Hoa city and
relevant units to launch a peak period of law enforcement until April 2024, concentrating on counting the number of fishing boats, managing their entry and exit, registration and installation of vessel monitoring system (VMS), and ensuring the origin tracing on fish catches.

In particular, coastal localities have been also requested to urgently review and complete the registration and issuance of fishing licences for all fishing vessels with a length of between 6-12m in line with regulations.

According to the provincial Department of Agriculture and Rural Development, a total of 359 local vessels have been found to have their VMS disconnected while at sea for over ten days and 697 vessels do not have enough required papers or have their VMS disconnected for over six months.

Nguyen Xuan Duong, head of the provincial Fisheries Sub-department, said that the province has launched a month-long campaign to tackle shortcomings in implementing measures against IUU fishing.

The sub-department is coordinating with
People’s Committees of coastal districts, towns, cities, and competent forces to inspect all fishing vessels and verify vessels with expired or no registration or those without fishing licences, food safety certificates or active monitoring devices.

It also coordinates with the border guard force to conduct patrol, inspect and control seafood exploitation activities at sea, beaches, and fishing ports and strictly handle violations./.

Source: Vietnam News Agency

Bangkok, The SEC is set to listen to opinions. New measures to control Short selling – Program Trading are expected to gradually come into effect in the third quarter of this year.

Mrs. Pornanong Busaratrakul, Secretary-General of the SEC, revealed the progress. Guidelines for improving the supervision of Short Selling and Program Trading transactions or using computers to send orders. To build confidence in trading Currently, the volume of short selling is approximately 5-7% of the daily value. and is likely to increase The highest volume comes from foreign programs, approximately 79%, while small transactions account for 3%, with short transactions mainly in stocks in the SET 100 group.

For guidelines for improving the supervision of Short Selling transactions, the first goal is to add a mechanism to build confidence in trading. This increases the quality of stocks that can be short sold (Eligible Securities) by increasing the conditions of stocks in the Non-SET100 group that can be sold short. By increa
sing the market capitalization from 5,000 million baht to 7,500 million baht and increasing the liquidity criteria for stocks (turnover) to not less than 2% per month, and there will be improvements to the trading rules of the stock exchange (trading rules) by Add the use of short selling prices that must be higher than the last trading price (Uptick Rule) when the stock price drops by 10% or more from the previous day’s closing price.

Set daily short selling limits for securities (daily Short Selling limit) and disclose outstanding daily short sales (Outstanding short positions).

As for the second goal, to prevent short selling that does not meet the criteria (Naked Short Selling) as follows: 1. Increase the quality of inspection work of intermediaries, namely securities companies (Securities Companies) must take the following actions. 1. Get to know the customer’s work system (Know Your Process: KYP) in the case of the customer being an intermediary. To make customers know/understand the criteria and comm
unicate to customers on the next level and to build confidence that intermediary customers have a system to control and monitor compliance with relevant criteria. To ensure that intermediary customers have a control system and develop a central system for Securities companies can inspect securities.

and also increasing the penalty rate Securities companies that do not follow the criteria to be equivalent to foreign countries, such as in the case of Naked Short Selling, will be fined 3 times the profit (minimum 1 million baht) in the case of Short Selling transactions that do not follow the criteria. The fine will not exceed 0.3 million baht per time.

2. Amend the law to increase liability throughout the line. By punishing/enforcing the law against investors who do not follow the short selling criteria. and create a mechanism to know the true beneficiaries (End-Beneficial Owner)

3. Increase the duty of the custodian as Gatekeeper: by having the custodian notify the purpose of the transfer. For verification
of the borrowing transaction

For guidelines for improving supervision of the use of computers to send trading orders (Program Trading) / sending orders at high speed (High Frequency Trading: HFT) in order to increase the mechanism for building confidence in overall trading. There are guidelines as follows:

1. Proceed to be able to know the identity of customers and verify them. Register HFT investors with the Stock Exchange of Thailand (SET) so that they can follow the trading of HFT investors.

2. Review inappropriate behavior

2.1 Add inappropriate trading order characteristics to cover current trading behavior.

2.2 Establish a central system for screening inappropriate orders (Central Order Screening).

2.2 Set the minimum duration of incoming orders. before being able to cancel that order (Order Resting Time) to prevent placing and withdrawing orders too frequently (spoofing)

3. Control the fluctuations in securities prices:

3.1 Use a mechanism to increase the ceiling for intraday price movements (Dy
namic Price Band) in addition to the highest-lowest price criteria (Ceiling and Floor) by temporarily suspending trading if the stock price increases or decreases by 10% of the latest trading price.

3.2 Use the auction trading method in cases where stocks are subject to trading supervision measures.

4. Investors with inappropriate behavior:

4.1 Review the criteria for action (sanction) with customers who have inappropriate behavior.

4.2 SET discloses the names of customers who send inappropriate orders to all securities companies so that they can take action as specified.

Mrs. Pornanong said that the above measures were initially approved by the SET board and the matter was sent to the board. The SEC has considered and approved the principles. After this, there will be an open hearing for opinions from relevant agencies, which is expected to be able to be implemented in the 2nd quarter of this year and expected to gradually come into effect in the 3rd quarter of this year.

Source: Thai News Agency

Singapore: The outcomes of Vietnamese Prime Minister Pham Minh Chinh’s official visit to Australia, especially the upgrade of the Vietnam-Australia to a comprehensive strategic partnership, have opened up a new chapter in the bilateral relationship that is growing deeper, more effective and substantial, commented scholars.

Dr. Le Hong Hiep, an expert at the ISEAS – Yusof Ishak Institute of Singapore described the upgrade as a new step forward in the ties between the two countries, affirming the importance of the relations to the external policy of each country.

The scholar noted that the upgrade was made only six years after Vietnam and Australia established their strategic partnership in 2018, reflecting the strong growth of bilateral relations, and the two countries’ awareness of the significance of elevating their relations to better respond to strong geo-political changes in the region.

The lifting of relationship to the highest level will allow the two sides to further strengthen their cooperation in
the future, said Dr. Hiep, adding that the Vietnamese PM’s visit also affirmed Vietnam’s rising role and position, while showing the increasing importance of Vietnam in Australia’s external policy.

Meanwhile, Dr. Tran Thi Bich from the Lee Kuan Yew School of Public Policy of Singapore said that among the areas of cooperation stated in the joint statement on Vietnam-Australia comprehensive strategic partnership, political, defence, security and judicial collaboration are listed first, demonstrating increasing bilateral strategic trust in the context that the two countries share many strategic interest and visions.

Regarding the cooperation prospects between Vietnam and Australia after the upgrade of relations, Dr. Hiep held that there is plenty of room for the two sides to promote cooperation, especially in economy.

He predicted that two-way trade will continue to rise, along with their investment relations due to higher capacity of Vietnamese firms in investing abroad and Australian enterprises’ efforts to
seek favourable investment destinations. Besides, bilateral cooperation in politics-diplomacy, security-defence will also expand within the newly-established comprehensive strategic partnership, he said.

Meanwhile, collaboration in traditional areas such as education-training, labour and tourism will continue to be strengthened. Australia has provided a large number of scholarships to Vietnamese students and officials, he noted, advising Vietnam to strengthen partnership with Australia in this field to enhance its human resources quality.

Dr. Bich asserted that other areas included in the joint statement announcing the Vietnam-Australia comprehensive strategic partnership such as economic cooperation, knowledge building and people-to-people connection, especially human resources training, energy and technology collaboration, are areas of Australia’s strength and Vietnam’s interest. In her opinion, cooperation with Australia will significantly contribute to Vietnam’s economic development, clean energy transi
tion and digital economy expansion.

Dr. Hiep said that the elevation of ties between Vietnam and Australia will also create favourable conditions for the growth of the ASEAN-Australia ties in the time to come. Vietnam and Australia should increase exchange and coordination to effectively resolve regional issues of mutual concern in ASEAN-led forums, including the East Sea issue and matters related to the Mekong River, supply chains, climate change response, and non-traditional security issues such as maritime security and epidemics.

Sharing Dr. Hiep’s opinions, Dr. Bich said that Vietnam has played a rising role in ASEAN. From a member that joined the grouping late and lagged behind in some aspects, Vietnam has become an active member and with significant contributions to ASEAN activities, she said, stressing that stronger bilateral relations with Vietnam will help Australia strengthen relations with ASEAN./.

Source: Vietnam News Agency

Bangkok, Suvarnabhumi Airport together with Subdistrict 3, Tourist Police Division 1, held a press conference on the arrest of a Chinese man. Accused of theft inside the airport

Mr. Kittipong Kittikachorn, Director of Suvarnabhumi Airport, together with Pol. Lt. Gen. Saksira Pueak-am, Commissioner of the Tourist Police. Press conference on the arrest of the suspect who stole passengers inside the airport at the Tourist Police Headquarters.

As a result of the past March 7, 2024, the Suvarnabhumi Airport Security Center (SCC) received a notification from VISTARA flight UK 123 officials that there was a passenger of Indian nationality, Mr. Hasad Panduran. Chawan had his belongings stolen on a plane. The missing assets were as follows: a Rolex watch and 2,800 US dollars. Airline officials took the victim to file a report at the Suvarnabhumi Airport Police Station. The Security Center of the Royal Thai Police has been monitoring and observing the CCTV images together with

The Crime Prevention and Suppression S
pecial Unit of the Royal Thai Police found an Asian man with suspicious hasty behavior walking out of Gate E2 through the inbound passport point. without receiving the bag at the conveyor belt and hurriedly got into a taxi at the 4th floor, gate 10, security center. The Police Station then informed the information to the tourist police so they could continue following the suspect. Tourist police then followed up until they were able to arrest the suspect at Nice Ratchada Hotel. The suspect’s name was known as MR.YI The shoulder that the culprit carried was the same as the property that the victim had reported. Tourist police officers then charged him with theft at the airport. and has been taken for further legal action.

The RTA places great importance on maintaining the safety of the lives and property of all service users. It has integrated work with crime prevention and suppression agencies such as the Security Division, Royal Thai Police, Division 3, Tourist Police Division 1, and Suvarnabhumi Airport Po
lice Station, etc., to monitor and monitor security. all the time To increase peace of mind for users of the Police Station, if any users see something unusual Or experiencing an emergency or disaster, you can notify the Security Center of the Police Station, telephone 0 2132 4000, available 24 hours a day.

Source: Thai News Agency

Hanoi: The government has issued a decree regarding the management of motorised vehicles registered abroad and brought into Vietnam by foreign travelers.

Stipulating general conditions for both foreign drivers and vehicles entering Vietnam, it said individuals must work with international travel service businesses in Vietnam who are capable of making requests for the authorities’ approval of organising the participation of foreign drivers and motorised vehicles in the local traffic. The approval document must be obtained from the Ministry of Public Security.

Foreign motorised vehicles participating in traffic in Vietnam must meet certain conditions, including being road motorised vehicles as defined in Clause 1, Article 3 of this decree and having valid vehicle registration certificates and licence plates as well as valid safety and environmental inspection certificates for motorised vehicles or equivalent documents (for automobiles). These above-said documents must be issued by the competent authority of t
he country of registration.

Automobiles with right-hand drive must obtain a diplomatic note from diplomatic missions, consular offices, or international intergovernmental organisation offices in Vietnam. The note is sent to the Ministry of Public Security, requesting permission and stating the reasons for the vehicle to participate in traffic in Vietnam. The automobiles are only allowed temporary entry or re-export through international border gates via road, sea, inland waterway, rail, or air routes as approved by the ministry.

Another general condition is to undergo customs, temporary entry, or re-export procedures in accordance with customs laws immediately at the border gates.

The maximum duration allowed for traffic participation in Vietnam is no more than 45 days. In exceptional circumstances, a stay of no more than 10 additional days is permitted, subject to regulations.

The drivers, meanwhile, must be foreigners holding valid passports or internationally recognised travel documents and visas, and
valid residence documents in Vietnam, except for cases exempted from visas under the immigration, emigration, transit, and residence law for foreigners in Vietnam. If foreigners enter the country under unilateral visa exemption, their passport must be valid for at least six months before expiry; while those using electronic visas must enter through international border gates decided by the Government.

Other conditions for the drivers to meet include having a valid driving licence issued by a foreign country suitable for the type of vehicle being driven, and undergoing entry, exit, and residence procedures in accordance with Vietnamese law.

These stipulations will come into effect on May 1, 2024./.

Source: Vietnam News Agency

Parliament, President whips the government, points out that “Thaksin” paying respects to ancestors in Chiang Mai is normal. He is confident that the Pheu Thai MP will not skip the parliamentary meeting to go see him. There may only be former MPs.

Mr. Wisut Chainarun, Chairman of the House of Representatives Coordinating Committee (Government Whip), gave an interview on the case of Mr. Thaksin Shinawatra, former Prime Minister. Will travel to pay respects to ancestors in Chiang Mai province on March 14-15, which is the day that there will be a meeting of the House of Representatives. But there may have been Pheu Thai Party MPs who went to welcome Mr. Thaksin, saying that within the party they had not discussed these matters. It’s a good thing. that Mr. Thaksin will return home to pay respects to his ancestors Mr. Thaksin is a northerner. Things that people in the North honor and venerate are their ancestors and benefactors. This is normal.

‘Like during the month We’re going to visit each other in April anyw
ay. It is a time to go back and pay respects to elders who we respect or even those who have passed away. This is considered a good tradition of the northern people. It is not unusual for you to return to worship your ancestors. As for who will go, I don’t know. The MPs in the party haven’t talked about this matter,’ said the government whip.

Mr. Wisut said that many people have asked him whether the Prime Minister will go to see Mr. Thaksin. How will he know? But it is not something that is prohibited by law. If people will respect each other It is normal for fellow citizens to go to each other with feelings of nostalgia for Mr. Thaksin leaving the country for 17 years. It’s something that can be done. Therefore, I would like to ask some people not to be stuck with Mr. Thaksin. and then use it as a political case He said they were not related.

‘I talked with Mr. Sorawong Thianthong, secretary-general of the Pheu Thai Party. and then give instructions Party MPs were invited to attend the parliamentary meeti
ng that day and perform duties in the parliament. No one is allowed to greet Mr. Thaksin. You can be confident that on the day of the parliamentary meeting We will hold a council meeting. Let’s work together to consider the law and do our duty here,’ said the Chairman of the Government Whip.

As for whether there will be people skipping the meeting to welcome Mr. Thaksin, Mr. Wisut said it would be difficult for that to happen. He was confident that no one would go. In addition to former MPs I don’t know because we haven’t been in contact. If you want to go, it’s his right. But Pheu Thai Party MPs are definitely in the House of Representatives.

When repeatedly asked to determine the punishment MPs who skipped parliamentary meetings or not, the government chief whip said that it would not go to the point of imposing penalties. trust in conscience in responsibility for the authority given to the people It is believed that MPs will definitely come to the council meeting, especially on Wednesday-Thursday. People
have already been informed not to invite MPs to attend various events in the area because all MPs are on duty at the House of Representatives. It is something that is known throughout the country. And from last week, satisfied with the minister’s response to the topic. It is believed that this week the ministers will answer the topic in unison.

Source: Thai News Agency

Wellington: Vietnamese Prime Minister Pham Minh Chinh and his New Zealand counterpart Christopher Luxon co-chaired a press conference following their talks in Wellington on March 11 morning, saying they agreed to promote all-round cooperation to raise the two countries’ relations to a new height.

PM Chinh noted that during the talks, the two sides discussed a wide range of areas of cooperation and outlined orientations for the Vietnam – New Zealand strategic partnership to continue growing strongly in the time ahead.

In particular, the countries will stabilise and consolidate the strategic trust and political – diplomatic cooperation to create a solid foundation for bilateral ties. They will enhance and expand cooperation in all the important pillars of their strategic partnership, including economy – trade – investment, security – defence, agriculture, and people-to-people exchange. In addition, they will accelerate and make breakthrough in the partnerships in science – technology, innovation, green econom
y, digital economy, environmentally friendly technology transfer, agriculture, and such emerging sectors as artificial intelligence, semiconductor, maritime economy, environmental protection, labour, and vocational training.

The two sides agreed to establish working groups to step up the fruitful implementation of cooperation deals, he said.

Looking into some regional and international issues of shared concern, they agreed to coordinate closely and support each other, especially at the United Nations, the ASEAN-led forums, the Asia-Pacific Economic Cooperation (APEC), and the Asia-Europe Meeting (ASEM). They also concurred in boosting dialogue and mutually beneficial cooperation, together effectively responding to common challenges in the region, and fostering cooperation in the Mekong sub-region, the Vietnamese PM said.

Regarding the East Sea issue, he went on, the two sides re-affirmed the importance of ensuring peace, stability, security, safety, and freedom of navigation and overflight in the waters; n
ot using or threatening to use force; and peacefully resolving disputes on the basis of international law, especially the 1982 UN Convention on the Law of the Sea (UNCLOS). They agreed to exchange opinions and information, increase maritime cooperation, and make joint efforts to turn the East Sea into an area of peace, stability, friendship, cooperation, and development.

For his part, PM Luxon told the media that during the talks, the two sides made commitments to the building of an Asia-Pacific region of peace, stability, cooperation, and development that generates benefits for both countries and their peoples.

Vietnam and New Zealand will promote cooperation in all fields, including politics, diplomacy, economy – trade – investment, agriculture, tourism, and people-to-people exchange.

Bilateral trade has been rising continuously, by 60% over the last five years, he noted, adding that they aim to raise the trade revenue to 2 billion USD in 2024 and soon double bilateral investment through appropriate meas
ures.

The two countries also agreed to jointly build and implement plans to achieve net zero emissions by 2050, the host leader announced.

He went on to say that he and his Vietnamese guest believe that there remains huge room for the Vietnam – New Zealand cooperation, so the two sides should work to maximise potential, including by holding activities aiming for practical and breakthrough results in 2025 – the 50th anniversary of their diplomatic relations, so as to elevate bilateral ties to a new level.

Both sides shared the view that with the achievements obtained so far and the determination of the two countries’ leaders and peoples, the Vietnam – New Zealand relations will keep growing strongly, substantively, and effectively to practically benefit the two peoples and contribute to peace, stability, cooperation, and development in Asia-Pacific and the world, according to Luxon.

Following the press conference, the two PMs witnessed the signing of several deals, including an agreement on educational coo
peration between the Vietnamese Ministry of Education and Training and Education New Zealand, an agreement on economic and trade cooperation between the Vietnamese Ministry of Industry and Trade and the New Zealand Ministry of Foreign Affairs and Trade, and a memorandum of understanding between the Vietnamese Ministry of Finance and the New Zealand Treasury./.

Source: Vietnam News Agency