September 23, 2020

Thai Enquirer Summary

Political News

Security authorities have ruled out the possibility that an anti-government protest led by

the “United Front of Thammasat and Demonstration” scheduled for tomorrow

(September 24) at Parliament will turn violent based on the September 19-20 rally’s

assessment.

Besides, the UFTD’s planned rally is unlikely to see a greater attendance than the

past weekend rally, a source with a security agency said, citing internal

management problems among protest leaders, especially because they are the

younger generation.

They are unlikely to ignite more demonstrations as protest leaders already

unveiled all of their demands.

The protest tomorrow is set to be a follow up to the protest that was called off on

Sunday amid heavy storm that dampened the ground and kept the protestors

away.

Despite the bad weather, close to 100,000 people turned up to show their

solidarity with the student movement.

The Internet Dialogue on Law Reform (iLaw) marched to parliament in Kiakkai

yesterday (September 22) to hand in a motion to amend the constitution after gathering

over 100,732 signatures in support.

The group’s motion supported by 100,732 voters contains at least 5 demands

including:

A prime minister must be an MP.

The Senate must be directly elected by the general public.

Changes to the origin of independent organisations. The group demands

independent bodies to be re-elected.

Making the revision of the charter easier, with more than half the votes of

both houses are needed.

The direct election of Constitution Drafting Assembly (CDA) members

comprising 200 members.

Still on the charter amendment issue, there are reports that the Senate vowed to allow

senators to vote independently on the 6 constitution amendment motions, Pornpetch

Wichitcholchai, Senate speaker, announced after the Senate whip’s meeting yesterday

(September 22).

Pornpetch urged members of the general public to stay home, rather than gather at

Parliament, to follow the House’s vote on whether to accept in principle each of

the 6 constitution amendment motions tomorrow (September 24).

However, there are reports that the 3 whips---the coalition, opposition and senate

whips---which met yesterday (September 22) pushed for the formation of a

special committee to study the 6 amendment motions within 45 days before

drawing a conclusion on the 6 bills and present its findings to parliament after the

House reopens for a new session.

There are also reports that senators are split on the charter amendment issue, with

100 of these senators voicing opposition to the 6 amendment motions as they fear

that the motions may touch on Chapters 1 and 2 of the 2007 constitution regarding

the state and the monarchy.

Meanwhile, around 60 senators, most of who are in the northeast, those with

military or police backgrounds and former National Legislative Assembly (NLA),

voiced support for the amendment bills.

Another news that made big headlines in many Thai media outlets is Pol Lt Gen

Surachate Hakparn’s bold move to instruct his lawyer to file a lawsuit against embattled

Prime Minister Prayut Chan-o-cha at the Central Administrative Court today, September

22, for allegedly unlawfully issuing a transfer order from the Director of Immigration

Bureau to the advisor of the Prime Minister’s Office.

Pol Lt Gen Surachate whose nickname is “Big Joke” sent his personal attorney

Sitthi Ngamlamyuang who said the order has lasted for 1 year and 5 months

without any progress from a government commission or related departments to

investigate his background and report guilty, which is a crucial procedure before

appointing him as an advisor.

The delayed investigation of Pol Lt Surachate’s wrongdoings had caused his

opportunity to lose the chance to perform his police duty for the Thai people, the

attorney stated to the press, Sitthi said.

According to Thai government procedure, Big Joke would not be able to return to

the previous office until he was proved politically clean by the government

commission regardless of not being appointed as the advisor.

Sitthi said he has acted as Pol Lt Surachate’s representative to exercise his right to

call for justice for him and to expose the alleged unlawfulness of government

power on the jurisdiction of the appointment procedure.

In response, Gen Prayut appeared to give the cold shoulder to the legal suit

brought by Pol Lt Surachate as he is quoted as saying, “everything is according to

the legal procedures”.

What is worth noticing in this drama is the fact that Big Joke was always considered to be

a person close to Prawit Wongsuwon, the Deputy Prime Minister in Prayut’s government

and the leader of the Phalang Pracharat Party.

Many have questioned whether the filing of the case was a sign of a crack in the

ruling Phalang Pracharat party because why would a person close to Prawit go

and file a case against Prayut.

The government mulls plans to hold local elections on December 13 this year.

At this week’s cabinet meeting, Deputy Prime Minister Wissanu Krea-ngam

hinted at the possibility that the government plans to choose 1 weekend in

December to organise local elections given that the government following the

cabinet’s decision to approve 2 long-weekend holidays, one in November and the

other in December.

The most likely date for local elections is December 13, Wissanu said, adding that

the government does not have any problem with the election date previously

proposed by the Election Commission but the government has previously picked

December 13 or 20 as the date for local elections.

Opposition Pheu Thai party leader Sompong Amornvivat is set to call a meeting of MPs

today (September 23) at Parliament following reports that party’s meeting yesterday

(September 22) was poorly attended.

It is reported that Sompong plans to hold a clear-the-air meeting with MPs in the

northeast as there is growing dissatisfaction among them with party executives.

It is reported that apart from MPs in the northeast who boycotted the party

meeting, a number of MPs in the north also failed to turn up at the meeting.

Yesterday, social media was buzzing following reports that the Social Security Office

(SSO) is the largest shareholder in Sri Panwa Hospitality Real Estate Investment Trust

which manages Sri Panwa Hotel, triggering heavy criticism among social media

(Facebook and Twitter) users why the public organisation like the SSO has a large

number of shares in such a company.

Prior to this report, social media users asked the public to ban Sri Panwa Phuket,

a high-end resort operated by Sri Panwa Management Co after the owner of the

Sri Panwa Hotel Vorasit Issara, nicknamed “Pla Wan” (Whale), posted an

Instagram story with the comments on Panasaya Sitthichirawattanakul or

“Rung”, the leader of the “United Front of Thammasat and Demonstration” and

the past weekend rally.

Vorasit said

“This shit has to end… she’s not Thai! Who do you work for?

This one needs to be in jail. How Dear You ! ”.

Vorasit’s post caused the #ban Sri Panwa trend to rise to the top of Twitter.

Reports said the SSO holds a 22.60 per cent stake or 63,072,615 shares in Sri

Panwa Hotel, followed by the Charn Issara Residence Co, Ltd, owned by the

Issara family.

More information has also come to light that Sri Panwa Hotel suffered a loss of

more than 150 million baht in 2018. This information led to criticism among

social media users if the SSO’s investment in the hotel would affect social

security contributions of more than 10 million workers.

The big question raised by social media users is whether Sri Panwa Hotel

encroached on a national park. This question was directed at Minister of Natural

Resources and Environment Varawut Silpa-archa.

Varawut, however, said he could not answer this question and told the media to

ask the hotel management if it has a land title deed or not. When asked whether

the ministry has plans to inspect as to whether the hotel has encroachment issues

or not, Varawut said there is no motive to do so because no one has made any

complaints about the issue.

Meanwhile, Labour Minister Suchart Chomklin seemed to shrug off criticism

against the SSO’s investment in Sri Panwa Hotel as he said he had no power to

interfere with the SSO board’s decision to invest in the controversial resort. The

board is under supervision of the labour permanent secretary. Suchart insisted

that the SSO’s investment in various businesses helped the office generate more

than 200 million baht.

Suchart went on to praise Vorasit, the hotel’s owner, for his bold comment

against the student protest leader for he is one of those who are loyal to the

Monarchy. The Labour Minister said it was normal for a royalist to make such a

comment, adding that he plans to take a vacation at this hotel.

Social media has been buzzing overtime after the Fine Arts Department came out to file a

case of vandalism against the student protest movement who had placed a plaque in the

ground.

The Fine Arts Dept. has now been questioned what happened to the ‘renovation’

of the Vimanmek Palace, the teak palace that was built in 1900 but was

dismantled for ‘renovation’ but a lot of the teak of the palace was later found to be

on sale in teak and antique furniture shops around Bangkok.

The Fine Arts Dept. says that they are still building the ‘foundation’ before the

palace is rebuilt but people are questioning how it will be built if the teak is

already on sale in shops.

Reuters has come out to report that sex workers in Thailand have launched a petition

calling for prostitution to be decriminalised and urging authorities to remove all penalties

for selling sex

https://news.trust.org/item/20200922071958-f8i5a/

Economic News

The cabinet meeting yesterday (September 22) approved 2 long-weekend holidays, one in

November and the other in December, proposed by the Ministry of Tourism and Sports to

spur the economy.

The first break is November 19-22, with Thursday the 19th and Friday the 20th to

be declared special public holidays.

In December, Monday December 7th -- originally a holiday in lieu of December

5th, National Father’s Day which falls on Saturday -- is to be deferred to Friday

the 11 instead in order to create a long holiday Dec 10-13. December 10 is

Constitution Day.

The cabinet also approved 2 key packages; one is a 19.46-billion-baht budget for

a co-pay program with the private sector for 260,000 new graduates to be hired

for 1-year employment, and the other is an additional 1.58 billion baht to fund

activities of 1 million health volunteers nationwide in the final quarter of 2020.

The scheme commits the government to paying 50 per cent of the graduates’

salaries, said Labour Minister Suchart Chomklin after yesterday’s cabinet

meeting.

The budget for the programme will come from the 400 billion baht set aside to

help the economy recover from its Covid-19 battering and is a part of the Finance

Ministry’s remit to borrow money to finance Covid-19 economic rehabilitation

programmes.

The cabinet also agreed to extend its electricity and water bills subsidy for state welfare

holders that will end in September this year for another year until September 2021.

In addition, the cabinet gave the green light to a new 51-billion-baht stimulus

package to assist low-income workers hit by the Covid-19 crisis. PM Prayut

Chan-o-cha said ministers had agreed to 2 schemes – “Kon La Khreung” (Let’s

Go Halves) and a boost to shopping subsidies for state welfare cardholders.

Under the Kon La Khreung scheme, 10 million people will get daily discounts on

their shopping of up to 100 baht, capped at 3,000 baht. The scheme will open for

merchants to register through the website from October 1.

Under the second scheme, 14 million welfare cardholders will receive an extra

monthly discount of Bt500 on their shopping from October to December.

The Anti-Money Laundering Office (Amlo) said it is looking into allegations against 4

Thai commercial banks engaged in suspicious activities involving illicit funds.

The Amlo’s move is in response to a report released by the International

Consortium of Investigative Journalists (ICIJ) which highlighted the roles of

banks across the globe in moving illegally gained funds over the past 2 decades.

The report showed that as many as 4 Thai financial institutions being implicated

in the $US 2 trillion money laundering and/or other criminal activities according

to the U.S. Department of Treasury’s Financial Crimes Enforcement Network

(FinCen) files.

FinCEN noted 92 suspicious transactions linked to 3 privately owned banks and

one state-owned bank in Thailand. The 4 Thai banks named in the report are

Bangkok Bank, Kasikornbank and state-owned Krungthai Bank and Export-

Import Bank of Thailand.

Exim Thailand issued a statement to dismiss the ICIJ’s allegation of suspicious

transactions.

The news caused shares of commercial banks to fall across the board yesterday

(September 22).

SCB dropped 3.37 per cent

KBANK dropped 3.16 per cent

BBL dropped 2.99 per cent

KTB dropped 2.16 per cent

BAY dropped 0.51 per cent.

The government plans to impose a fine of up to 10,000 baht on online vendors who

refuse to display the prices of products on their pages and only reveal them to potential

buyers in private messages, as announced in the Royal Gazette yesterday (September 22),

citing a new consumer protection law.

The Royal Gazette said online vendors must display prices and other details

explicitly on their online platforms, with violators being fined up to 10,000 baht

per offence.

Vendors must show prices so customers are better informed before deciding

whether to contact them.

The maximum penalty can be imposed if the vendor insists on only revealing

prices in private messages on major online platforms like Facebook, Instagram,

Line and websites.

Those who inform the Department of Internal Trade of offending posts will

receive 25 per cent of the fine if they produce evidence such as screenshots of

chat messages, prices revealed in private messages and vendors’ bank account

numbers.

State-run Electricity Generating Authority of Thailand (Egat) has asked all employees not

to take 2-year-bonus payments based on Egat’s performance during 2020-2021 to donate

their bonuses to the government to assist people affected by the COVID-19 pandemic.

Currently, Egat has 18,000 employees nationwide; each of whom received

bonuses of 2.3 months’ salary in 2019, Egat spokesman Patthana Saengsriroj said.

The Bank of Thailand (BoT) is expected to keep its benchmark interest rate unchanged at

an all-time low at the monetary policy committee (MPC)’s meeting today (September 23)

as it calls on the government to use fiscal stimulus to spur the pandemic-hit economy.

All 21 economists in a Bloomberg survey predict the Central Bank will keep the

key rate at 0.5 per cent after reducing it three times earlier this year.

Policy makers are keen to preserve their limited ammunition to respond to any

further downturn as the coronavirus pandemic continues to spread and weigh on

global growth. Governor Veerathai Santiprabhob played down the possibility of

more rate cuts in a recent interview, saying fiscal policy can play a greater role in

reviving the economy.

The central bank will also release a new economic forecast as it weighs improving

indicators and the outlook for foreign tourist arrivals. In June the bank predicted

gross domestic product would shrink 8.1 per cent this year, its worst annual

performance ever.

The economy may be headed for a second straight year of contraction in 2021 if it

continues to restrict foreign visitor arrivals, Bank of Thailand Senior Director Don

Nakornthab said earlier.

---------------------------------------------------------------------------------------------------------------------

General News

Thailand logged 5 new COVID-19 cases including a Thai national, as total cases rose to

3,511.

The new cases are a 44-year-old Thai woman who arrived from Switzerland last

Wednesday. She was quarantined in Chon Buri province and her infection was

confirmed on September 19.

The 4 other cases were Indian nationals who flew in from India. Three were from

the same family, a couple aged 36 and 30 and their 7-month baby girl. The other

case was a 62-year-old businessman, according to the Centre for Covid-19

Situation Administration (CCSA).

Political News Headlines in Thai Media

Royalist and conservative members of Thai society have stepped up a pressure campaign

to force the Prayut Chan-ocha government to take action against student protesters,

sources told Thai Enquirer on Tuesday.

o Link- https://www.thaienquirer.com/18593/royalists-are-pressuring-the-government-

to-take-action-against-protesters/

The government is not in conflict with any group and no special instructions have been

given to security officials in regards to ongoing protests, Prime Minister Prayut Chan-

ocha said after the cabinet meeting on Tuesday.

o Link- https://www.thaienquirer.com/18643/no-special-instructions-needed-to-

contain-protest-says-prayut/

Thailand’s government said on Tuesday that it had discovered five new cases of

coronavirus in the last 24 hours in state quarantine. The patients are from India (4) and

Switzerland.

o Link- https://www.thaienquirer.com/18611/thailand-discover-five-new-cases-of-

coronavirus-in-state-quarantine-on-tuesday/

Rights group Internet Law Reform Dialogue (iLaw) marched to Parliament on Tuesday to

hand in a formal petition to sponsor its motion for charter change.

o Link-

https://www.nationthailand.com/news/30394959?utm_source=category&utm_mediu

m=internal_referral

Deputy Prime Minister Prawit Wongsuwan said on Tuesday (September 22) that national

security officials would be ready to protect Parliament, when pro-democracy protesters

arrive on Thursday.

o Link-

https://www.nationthailand.com/news/30394948?utm_source=category&utm_mediu

m=internal_referral

Security at Parliament will be lifted to the maximum level on Wednesday ahead of a

planned protest by pro-democracy demonstrators on Thursday.

o Link-

https://www.nationthailand.com/news/30394947?utm_source=category&utm_mediu

m=internal_referral

Thailand’s Former Immigration Bureau Commissioner, Pol Lt-Gen Surachet Hakparn,

lodged a complaint with the Central Administrative Court , accusing Prime Minister

Prayut Chan-o-cha of abuse of power when ordering his transfer to an inactive post in the

PM’s Office

o Link- https://www.thaipbsworld.com/prime-minister-sued-by-former-immigration-

chief-over-transfer-to-pms-office/

Student groups at Chulalongkorn University will hold activities to mark the birthday of

the late writer, thinker, Communist fighter, and alumnus Chit Phumisak, who died

fighting the security forces in the 60s.

o Link- https://www.khaosodenglish.com/politics/2020/09/22/chula-students-to-mark-

birthday-of-author-martyr-chit-phumisak/

A politico on Tuesday filed a police complaint against an actress who openly funded the

anti-government rally over the weekend.

o Link- https://www.khaosodenglish.com/politics/2020/09/22/112-and-other-charges-

thrown-at-reform-activists-financier/

The Royal Thai Police is working with Interpol to arrest Red Bull scion Vorayuth "Boss"

Yoovidhya and return him to stand trial in Thailand, the government said yesterday.

o Link- https://www.bangkokpost.com/thailand/general/1989975/pm-pulls-out-all-

stops-to-snare-boss

Economic News Headlines in Thai Media

This week, Buzzfeed and the ICIJ released a report based on leaks from the US Financial

Crimes Enforcement Network. The leaks are part of the global financial network’s

warning system which flags potentially fraudulent transactions.

o Link- https://www.thaienquirer.com/18625/opinion-thailand-not-a-major-part-of-

fincen-leaks-thats-actually-a-major-problem/

The cabinet has approved more holidays for November and December, local news

reported on Tuesday.

o Link- https://www.thaienquirer.com/18621/more-holidays-added-in-november-and-

december-to-boost-domestic-tourism/

The top executives of four Thai banks are holding talks on Tuesday on their response to

allegations of suspicious transactions revealed by the International Consortium of

Investigative Journalists (ICIJ).

o Link-

https://www.nationthailand.com/business/30394943?utm_source=category&utm_me

dium=internal_referral

Goods transport at the major Mae Sai border crossing in Chiang Rai has plummeted from

about 1,000 trucks per day to just six, after Myanmar imposed strict disease controls to

combat a surge in Covid-19 cases.

o Link-

https://www.nationthailand.com/news/30394949?utm_source=category&utm_mediu

m=internal_referral

The selling price of eggs has dropped by 30 satang per piece due to a decline in

consumption, while farmers also have to bear high animal feed cost, the Association of

Hen-Egg Farmers, Traders and Exporters said.

o Link-

https://www.nationthailand.com/news/30394939?utm_source=category&utm_mediu

m=internal_referral

Labour Minister Suchart Chomklin on Tuesday (September 22) instructed the

Department of Employment to set up an online option for job seekers nationwide to

access employment opportunities offered at Job Expo Thailand 2020.

o Link-

https://www.nationthailand.com/business/30394952?utm_source=category&utm_me

dium=internal_referral

WHA Corporation Public Company Limited (WHA Group) said it sees signs of recovery

across its four core businesses by the end of this year.

o Link-

https://www.nationthailand.com/business/30394950?utm_source=category&utm_me

dium=internal_referral

Despite lingering concerns about the country's economic prospects, state-owned Thai

Credit Guarantee Corporation (TCG) says the non-performing loan (NPL) ratio for small

and medium-sized enterprises (SMEs) is unlikely to exceed 8-9% of total outstanding

loans this year.

o Link-

https://www.bangkokpost.com/business/1990043/tcg-remains-upbeat-on-sme-bad-

loan-outlook

SET-listed Charoen Pokphand Foods (CPF) is beefing up its beverage business and plans

to launch alternative drinks to tap into Thai consumers focused on their health after the

outbreak.

o Link- https://www.bangkokpost.com/business/1989995/cpf-moves-into-health-drinks

SET-listed developer Sansiri Plc has invested 25 million baht in a new venture, Hugs

Insurance Broker Co, via wholly owned subsidiary Sansiri China Co to diversify into new

business segments.

o Link- https://www.bangkokpost.com/business/1990063/sansiri-makes-foray-into-

insurance-with-hugs-brokerage

Issues to be watched out for

September, 2020 - The Joint Standing Committee on Commerce, Industry and Banking

(JSCCIB) is planning to hire a consultancy to conduct an in-depth analysis on pros and

cons of the highly controversial Comprehensive and Progressive Agreement for Trans-

Pacific Partnership (CPTPP) in a bid to renew its call for the government to join the pact

next year.

September 2020 – Recruitment of new board members of the National Broadcasting and

Telecommunication Commission (NBTC) is set to kick off.

September 23, 2020 – The Central Bank’s Monetary Policy Committee (MPC) will hold a

meeting to decide on its benchmark rate.

September 24, 2020 – A student-led rally is to be staged in front of Parliament to protest

any charter amendment that neglects to reform provisions on the monarchy’s powers.

September 23 and 24, 2020 – Members of parliament will meet to consider a motion

seeking to amend the constitution at its first reading.

September 25, 2020 – The current parliamentary session is set to end.

September 26, 2020 – More than 150,000 foreign nationals need to have their tourist visas

renewed or face a charge of overstaying.

September 30, 2020 – The Stock Exchange of Thailand (SET) is set to extend the revised

equity short-selling regulations from June 30 to September 30 as stock market volatility

remains high in the wake of the Covid-19 pandemic.

September 30, 2020 – The government is expected to lift lockdown restrictions imposed

under the emergency decree.

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 Thailand Grand Prix was rescheduled after being postponed due to

the coronavirus outbreak.

October 14, 2020 - The anniversary of the 1973 student uprising.

October 27, 2020 – The Central Bankruptcy Court is set for first hearings for Nok Airlines

regarding the rehabilitation process.

November 1, 2020 – The next parliamentary session will begin.

Key Data

SET Index 1,267.63 -7.53

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 September 22, 2020

Buying, Selling or Transfer of shares by Owners/Management

Stock Code Volume Value Action

AP 50,000 5.5 Purchase

CCET 150,000 1.95 Purchase

CHAYO 97,500 7.5 Purchase

CHG 50,000 2.46 Purchase

COMAN 10,000 2.26 Purchase

COMAN 12,900 2.22 Purchase

ECL 400,000 0.85 Sale

EP 99,000 3.7 Purchase

FTE 10,000 1.5 Sale

IMH 42,500 2.19 Purchase

IVL 50,000 22.7 Purchase

LIT 5,000 3.16 Sale

MINT 100,000 23.4 Sale

OSP 1,600 36 Purchase

OSP 20,000 36.5 Purchase

SELIC 20,000 2 Purchase

SSP 205,000 7.15 Purchase

SUN 20,000 2.73 Purchase

TU 200,000 13.4 Purchase

WACOAL 2,450 45 Purchase

TWPC 100,000 - Sale

TWPC 100,000 - Purchase

TSR 60,000 3.18 Purchase

THG 100,000 18.1 Purchase

UAC 4,100 3.71 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 22 Sep 2020

Unit: M.Baht

Investor Type Buy Sell Net

Value % Value % Value %

Local Institutions 2,816.31 6.62 6,091.98 14.32 -3,275.68 -

Proprietary

Trading

6,253.22 14.7 5,441.58 12.79 811.64 -

Foreign Investors 14,323.84 33.67 15,740.98 37.01 -1,417.14 -

Local Individuals 19,143.09 45 15,261.92 35.88 3,881.17 -

Monthly Cumulative between 1 - 22 Sep 2020

Unit: M.Baht

Investor Type Buy Sell Net

Value % Value % Value %

Local Institutions 55,400.17 8.69 65,694.14 10.3 -10,293.98 -

Proprietary

Trading

79,263.26 12.43 77,085.62 12.09 2,177.64 -

Foreign Investors 235,716.13 36.97 249,131.35 39.07 -13,415.22 -

Local Individuals 267,226.34 41.91 245,694.79 38.53 21,531.55 -

Yearly Cumulative since 1 Jan - 22 Sep 2020

Unit: M.Baht

Investor Type Buy Sell Net

Value % Value % Value %

Local Institutions 1,239,953.42 10.95 1,169,200.59 10.33 70,752.82 -

Proprietary

Trading

1,170,911.59 10.34 1,168,749.30 10.32 2,162.29 -

Foreign Investors 3,975,761.06 35.12 4,243,660.97 37.49 -

267,899.91

-

Local Individuals 4,933,439.75 43.58 4,738,454.95 41.86 194,984.80 -

Total Trading Value 42,536.46 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.