Casino bill ‘gathering feedback’

Gaming machines are seen at the casino of MGM Cotai in Macau, China. (File photo: Reuters).
Gaming machines are seen at the casino of MGM Cotai in Macau, China. (File photo: Reuters).

The Entertainment Complex Bill is in the process of gathering feedback from several agencies after the Council of State (CoS) recently completed its amendment process.

Suksit Srijomkwan, the prime minister’s deputy secretary-general for political affairs, said that the bill will be presented to the cabinet on March 11.

The Entertainment Complex Bill passed cabinet approval on Jan 13.

The bill included the specification that only 10% of an entertainment venue is to be a casino, while the remaining areas will be allocated for other services such as a hotel, a shopping mall, a sports club, a theme park and a theatre.

The government wants to promote entertainment complexes as tourist destinations with the aim of boosting the economy.

The bill also states that for Thai people who want to go to casinos and gamble, they must have at least 50 million baht of savings in their bank account for at least six months.

The bill is undergoing an online public hearing on the CoS website until today.

Previously, Prime Minister Paetongtarn Shinawatra said that the government is open to all suggestions, as casino development is still a new thing for the state. The idea for Thais to have a set amount of money in their bank account is one of the ideas, and this will not have an impact on investors’ decisions, she said.

She insisted that a casino is only a small part of an entertainment complex, as other parts will be for other businesses. Deputy Finance Minister Julapun Amornvivat said the government will also have mechanisms to prevent investors using casinos for money laundering and to take care of social impacts from the project.

“The government does not only focus solely on economic benefits. We have been talking about risks and social impacts all along. We believe that entertainment complexes will be an important turning point for the Thai economy,” he said.

Continue Reading

PM visits Sa Kaeo in anti-scammer push

Prime Minister Paetongtarn Shinawatra arrives at the 3rd Infantry Battalion, 12th Infantry Regiment, King's Guard, for a meeting about the suppression of call centre scams during her visit to Sa Kaeo to follow up on the government's crackdown. GOVERNMENT HOUSE
Prime Minister Paetongtarn Shinawatra arrives at the 3rd Infantry Battalion, 12th Infantry Regiment, King’s Guard, for a meeting about the suppression of call centre scams during her visit to Sa Kaeo to follow up on the government’s crackdown. GOVERNMENT HOUSE

Prime Minister Paetongtarn Shinawatra visited the border area of Sa Kaeo province yesterday, where she reaffirmed the government’s commitment to cracking down on call centre scams operating from Cambodia.

The premier chaired a meeting to combat these criminal operations attended by Defence Minister Phumtham Wechayachai, Interior Minister Anutin Charnvirakul, and Digital Economy and Society Minister Prasert Jantararuangtong.

Pol Lt Gen Trairong Phiewphan, chief of the Cyber Crime Investigation Bureau (CCIB), and representatives from the National Broadcasting and Telecommunications Commission (NBTC) and telecommunication service providers also took part in the meeting.

She said the visit aimed to assess progress and evaluate whether further measures were needed to enhance cooperation between state agencies and the private sector.

Ahead of the visit, the prime minister vowed on Tuesday to intensify the crackdown on call centre gangs, saying the government would not stop until the job was done.

She told parliament on Thursday that the government was on the right track in implementing policies to combat them.

The prime minister also visited a screening centre yesterday for call centre scam victims in Sa Kaeo and was briefed on the centre’s role and work process.

According to local officials, 119 people who were deceived into working for scam operations in Cambodia will be sent to Thailand today. The screening process will take about two weeks to complete.

The group was initially set to be sent back yesterday, but Cambodia postponed the transfer to today. They were among 215 people rescued from scam compounds in the Cambodian border town of Poi Pet last weekend.

AIS and True Corporation representatives said they are implementing measures in the border provinces that are in line with NBTC instructions to assist with the crackdown efforts.

Continue Reading

Singapore navy flags 60 years of ties

Singapore's ambassador to Thailand Catherine Wong Siow Ping, wearing red, poses for a photo with Thai and Singaporean navy representatives in Sattahip on Thursday. SINGAPORE EMBASSY
Singapore’s ambassador to Thailand Catherine Wong Siow Ping, wearing red, poses for a photo with Thai and Singaporean navy representatives in Sattahip on Thursday. SINGAPORE EMBASSY

The Republic of Singapore Navy (RSN) hosted a reception on board the RSS Endeavour at Sattahip in Chon Buri on Thursday to commemorate the 60th anniversary of bilateral ties with Thailand.

The event was attended by Catherine Wong Siow Ping, Singapore’s ambassador to Thailand, as well as senior officials from the Ministry of Defence and participants from Exercise Cobra Gold 2025, which include the Royal Thai Armed Forces and the Royal Thai Navy (RTN). The navies of both nations interact regularly through the bilateral Exercise Singsiam, leadership dialogues, professional exchanges, and cross-attendance of courses, according to a statement from the Singapore Embassy.

The RSS Endeavour is an Endurance-class Landing Ship Tank (LST), one of the biggest ships in the Singaporean navy’s fleet. It is mainly used for amphibious operations, troop transport, and humanitarian aid missions, and it frequently takes part in regional exercises and naval diplomacy projects throughout Southeast Asia.

Continue Reading

Calls grow to limit double-decker buses after crash

Rescuers reach the crashed bus to assist injured passengers in Nadi district of Prachin Buri, early on Feb 26. (Photos: Prachin Buri Rescue worker Mongkol Sisama)
Rescuers reach the crashed bus to assist injured passengers in Nadi district of Prachin Buri, early on Feb 26. (Photos: Prachin Buri Rescue worker Mongkol Sisama)

A Senate subcommittee on infrastructure and vehicles is calling for measures to prevent road accidents caused by double-decker buses.

Surachai Liangboonlertchai, the subcommittee chairman, said on Friday that related sectors were invited to discuss the results from a preliminary investigation on the double-decker bus accident that killed 19 people and injured 30 others in Prachin Buri on Wednesday.

He said the double-decker bus design was the leading cause of the accident, according to the investigation.

Mr Surachai said experts agreed that such buses are unsuitable for interprovincial travel, especially on steep roads.

Their height exceeds the four-metre safety standard, risking an unbalanced centre of gravity. As such, the Department of Land Transport stopped issuing new registrations for double-decker buses in 2016.

However, at least 7,000 double-decker buses registered before 2016 are still allowed on the road today, he said, noting that these buses have caused several tragic accidents, including the bus fire during a school trip on Oct 1 last year that killed 20 students and three teachers.

Mr Surachai demanded that the state improve its road safety measures regarding vehicle control and road conditions.

“At least 10,000 people die in road accidents a year despite a decade-long policy of road safety. More discussion on the matter and national measures are important to encourage the joint initiative,” Mr Surachai said.

Natakorn Phuksuksakul, a lecturer in Thammasat University’s Faculty of Engineering, said a double-decker bus is more suitable for city tours at a low speed of 30-50 kilometres per hour rather than for long trips.

Double-decker buses are seven times more likely to be involved in accidents than regular buses and have a tenfold higher risk of fatality for passengers.

Mr Natakorn said having passengers on the top deck affects a bus’s balance and increases the risk of accidents.

However, Mr Natakorn said immediately cancelling double-decker bus services would be challenging.

He proposed regulating speed limits and making zones for double-decker buses.

Continue Reading

Households are urged to sort organic waste

New fee system incentivises move to reduce growing volume of trash, writes Supoj Wancharoen

Households in Bangkok are being encouraged to separate organic waste from other forms of rubbish to help reduce the daily volume of garbage.

Those who comply will continue to pay the existing garbage disposal fee of 20 baht per month. However, those who do not sort their waste will be charged a new fee of 60 baht per month by the Bangkok Metropolitan Administration (BMA).

The Bangkok Metropolitan Council approved the bill for the Bangkok Ordinance on the Fee for Waste Management Services under the Public Health Act on Oct 30 of last year.

The bill is currently awaiting publication in the Royal Gazette, which is expected to occur later this month. Once announced, the new fee structure will take effect within 180 days, likely around October.

Pornphrom N S Vikitsreth, adviser to the Bangkok governor and chief sustainability officer of the BMA, told the Bangkok Post that the garbage separation campaign for households began in January.

The garbage collection fees are divided into three categories. The first applies to households that dispose of no more than 20 litres or four kilogrammes of waste per day.

The current fee for this group is 20 baht per month, but the new rate will increase to 60 baht per month.

However, households that separate their waste — dividing food scraps, recyclables, and general waste — can continue to pay the lower 20-baht fee.

The second group includes restaurants, convenience stores, and small businesses that dispose of more than 20L or 4kg of waste per day, but not exceeding 1 cubic metre or 200km per day. These businesses will be charged a new rate of 120 baht per 20L per month.

The third group consists of department stores, markets, hotels, and large businesses that discard more than 1 cubic metre or 200kg of waste per day. They will face a new fee of 8,000 baht per cubic metre per month.

The second and third groups are not eligible to participate in the garbage sorting campaign as the campaign is decided for households only.

Mr Pornphrom urged residents to join the sorting initiative by registering via the BKK Waste Pay application, the website bkkwastepayapi.bangkok.go.th, or the district office in their area.

“Registration is now open. Participants need to provide their name, phone number, house registration number, and a photo of their sorted waste. Registered households will receive a green bag for food waste during their first year in the programme,” he said.

He also highlighted that Bangkok governor Chadchart Sittipunt is dedicated to this issue.

“We’ve been promoting the campaign through online and social media channels. We also plan to organise training sessions for people in various communities, encouraging them to volunteer and share knowledge about waste sorting with others,” Mr Pornphrom said.

The BMA aims to reduce daily garbage collection from the current 9,200 tonnes to 8,500 tonnes once the new fee structure is in place.

“As people become more accustomed to waste separation, the amount of waste will decrease even further,” he noted.

“The BMA spends 7 billion baht per year on waste collection and management but only gets 500 million baht in fees, which is minimal. If the campaign is successful, we will be able to use the savings to fund other improvements for the people of Bangkok,” Mr Pornphrom added.

Kanyarat Heman, a food vendor in the On Nut area, expressed support for the garbage-sorting initiative.

“However, the BMA hasn’t done enough to promote the campaign. If there were more widespread publicity, people would be better informed,” she said.

“My family already sorts our garbage, but the problem is that the garbage truck doesn’t come regularly to collect it. Sometimes, the bags pile up. Maybe they don’t have enough staff in our area,” she added.

Waiwit Thongthongkam, an office worker, said he was unaware of the increase in garbage collection fees for households.

“It’s good that Bangkok is trying to find a way for people to sort their garbage,” he said.

“I would also like to see the BMA impose fines on households that are registered for the sorting programme but fail to comply with the rules,” Mr Waiwit added.

Continue Reading

109 Senate poll fraud cases being reviewed

Sawang: EC has categorised cases
Sawang: EC has categorised cases

The Election Commission (EC) has completed an investigation into 109 cases related to cheating or bloc voting in the Senate election, and sent three cases to the Supreme Court, according to secretary-general Sawang Boonmee.

Mr Sawang said on Friday that the EC has categorised cases involving vote-buying and electoral fraud, based on their complexity.

The cases include offering bribes, vote rigging, pre-arranged vote lists, block voting, abnormally high scores, and zero scores for some candidates. To tackle the issues, the EC appointed an advisory and coordination subcommittee to increase the efficiency of investigations.

Members of the subcommittee are from three key agencies: the Royal Thai Police (RTP), the Department of Special Investigation (DSI) and the Anti-Money Laundering Office (Amlo). Ten officials from other government agencies will join the subcommittee.

The EC also appointed an additional investigation and inquiry committee, consisting of four high-ranking officials from the EC and the other three from the RTP to investigate and inquire into the objections to the selection of senators in all areas. He said so far the EC received a total of 577 abnormal Senate election cases.

The EC has concluded investigations into 109 cases, with three cases already submitted to the Supreme Court. The 2017 Organic Act on the Election Commission grants the EC authority to initiate probes whenever there is reasonable suspicion or evidence of wrongdoing in elections and by political parties.

Continue Reading

CDL director Philip Yeo says Sherman Kwek’s statement an ‘attempt to distract’ from issues

SINGAPORE: A day after Mr Sherman Kwek named his father’s associate as the source of a dispute within their company City Developments Limited (CDL), board member Philip Yeo emerged to criticise Mr Kwek’s statement as “an attempt to distract everyone from the matter at hand”.

Mr Yeo is among the minority directors led by Mr Kwek’s father and executive chairman Kwek Leng Beng.

In a statement late on Friday (Feb 28), Mr Yeo said Mr Sherman Kwek – CDL’s group CEO – and the directors acting with him intentionally circumvented the company’s nomination committee and pushed through the appointment of two additional independent directors against legal advice.

“They quickly reconstituted the nomination committee and the remuneration committee as the nomination & remuneration committee to effectively immobilise the executive chairman,” Mr Yeo said.

He added that Mr Sherman Kwek should focus on making back S$1.9 billion in shareholder losses from a deal involving Sincere Properties as well as the other losses from the UK property investments. 

“Instead, he seems more concerned about grievances, mobilising a group of independent directors to remove an advisor to the CDL hospitality business, which has actually seen profit improvements for the past few years since COVID,” Mr Yeo said.

“CDL was acquired by Mr Kwek Hong Png, Mr Kwek Leng Joo and Mr Kwek Leng Beng,” he added, referring to Mr Kwek Leng Beng’s late father and brother.

“I know all three of them well. The men of our era all dared to dream. That is how the three of them executed so well to build a multi-billion-dollar Singaporean company that competes on a global scale. The CDL CEO must learn from them. Just pure hard work to serve all shareholders!”

The family feud and power struggle spilled into the public domain on Wednesday when the elder Kwek said his son was attempting a boardroom “coup”.

Both men have since made several public statements, each laying out their account of the events that led to the fallout.

The younger Kwek on Thursday singled out his father’s associate as the source of a dispute within CDL. Dr Catherine Wu, 65, is an adviser to the board of Millennium & Copthorne Hotels (M&C), a subsidiary of CDL.

Mr Sherman Kwek also said that there was no attempt to oust the chairman. 

Continue Reading

UOB Sydney issues record Abn bond for a Singapore issuer | FinanceAsia

UOB Sydney Branch has priced a A$2 billion ($1.28 billion) three-year senior floating-rate bond on February 21  – the largest-ever Australian dollar issuance from a Singapore issuer.

The pricing of the floating rate instrument, at 0.65% above the three-month Bank Bill Swap Rate (BBSW), also represents the tightest spread achieved by any Asian bank for an issuance above A$1 billion, according to a ANZ media release.


¬ Haymarket Media Limited. All rights reserved.

Continue Reading

FinanceAsia Awards 2025 — open now | FinanceAsia

The FinanceAsia team is delighted to open submissions to the 29th edition of our annual flagship Awards, the FinanceAsia Awards 2025, which recognise the best banks, brokers, rating agencies, consultants, law firms and non-bank financial institutions across the region.

In 2024 markets grappled with significant challenges, including higher than expected interest rates, a slow Chinese economy and several high-profile elections.

On a more positive note, the year saw a number of large M&A deals, IPOs and bond offerings, with markets such as India and Japan performing particularly well. A combination of new technology, such as artificial intelligence (AI), data centres, and the drive towards net zero, will continue to be seen as key investment opportunities in the region.

The FinanceAsia team is once again inviting market participants to showcase their capabilities when supporting clients. We want to celebrate those institutions that have shown a determination to deliver desirable outcomes for their clients, through a display of commercial and technical acumen.

We look forward to meeting the winners and highly commendeds at the FinanceAsia Awards Ceremony in June.

Enter now here: https://bit.ly/3Ptn5KA.

Key Dates

Launch date: January 14, 2025

Entry and submission deadline: February 27, 2025

Winners announced: Week of April 7, 2025 

Awards ceremony / gala dinner: June 26 

Eligibility period: All entries should relate to acheivements from the period January 1, 2024 to December 31, 2024 


¬ Haymarket Media Limited. All rights reserved.

Continue Reading