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BANGKOK, Oct 29 – The National Legislative Assembly (NLA) will convene a special meeting November 12 to consider the proposal to impeach former prime minister Yingluck Shinawatra.

Wednesday, 29 October 2014 16:12

NACC discloses some ministers’ assets

The Office of the National Anti-Corruption Commission (NACC) last Friday disclosed assets and liabilities of ministers who have resigned from National Legislative Assembly (NLA) membership to take up ministerial posts in the interim government of Gen Prayut Chan-o-cha.

Public Health Minister Rajata Rajatanavin and his wife have total assets amounting Bt139.27 million. They have no liabilities.

Dr. Rajata’s assets increased by Bt678,939 after leaving the NLA post.

Deputy Transport Minister Arkhom Termpittayapaisith and his wife declared total assets of Bt24.77 million upon accepting the ministerial post, according to NACC.

Their liabilities amounted to Bt1.18 million.

Arkhom did not declare his money on deposit when he was appointed NLA member, citing that he had lost his bank account books.

The NACC also disclosed assets and liabilities of three other ministers after they resigned from the NLA on August 28.

Energy Minister Narongchai Akrasanee together with his wife have assets approximately Bt281.35 million while their liabilities totaled Bt85,389, said NACC.

Tourism and Sports Minister Kobkarn Wattanavrangkul and her husband have assets totaling about Bt317.67 million, it said.

Deputy Education Minister Lt Gen Surachet Chaiwong and his spouse have assets totaling Bt24.3 million. His liabilities amounted Bt7.37 million.

The NACC is scheduled to announce the assets and liabilities of the entire cabinet on October 31.

BANGKOK, Oct 28 – The parents of two Myanmar men detained for the alleged murder of two British tourists on Ko Tao island of Surat Thani province on September 15 have petitioned the attorney general for justice as they believe in their sons’ innocence.

BANGKOK, Oct 28 – Interpol has asked the Thai police to watch out for an Indian suspect who fled an Indian prison and may escape through Thailand.

BANGKOK, Oct 28 – Thailand's energy minister is determined to build more coal-fired power plants to increase their proportion of the country's electricity generation to 30 per cent of all fuel-fired generation.

BANGKOK, Oct 28 --  Thailand's cabinet has ordered the Energy Ministry to explain a possible natural gas shortage crisis to the public in response to opposition to the 21st round of contested bidding for petroleum concessions.

BEIJING, Oct 29 - China's return lunar orbiter, a precursor to the Chang'e-5 mission, has escaped lunar gravity and is approaching the Earth after 114 hours of flight in space.

As of 8:00 pm Tuesday, the unmanned spacecraft was flying in a good condition at a height of 360,000 kilometers and is expected to return to the Earth on November 1, said the State Administration of Science, Technology and Industry for National Defense.

It was launched early Friday to test technology to be used in the Chang'e-5 mission, a probe that will conduct China's first moon mission and return to Earth.

SEJONG, Oct 29 - South Korea ranked fifth in terms of business environment this year thanks to improvements in regulations and the system for starting a business, granting construction permits and protecting minor investors, the finance ministry said Wednesday.

The ranking by the World Bank rose by two notches from that of the previous year, marking the highest since the "Doing Business" report started to be compiled in 2003, according to the ministry.

Every year, the World Bank analyzes 189 countries' business environments by breaking them down into 10 broad categories involving the business life cycle from start to closure.

South Korea was listed among the top 10 for four consecutive years. It also ranked first among the group of 20 emerging and advanced countries and came in third among the member countries of the Organization for Economic Cooperation and Development (OECD).

South Korea saw its ranking climb from 34th to 17th in terms of the environment for starting a business. In construction permits, it came in 12th, up from the previous year's 18th.

Its ranking in protecting minor investors improved sharply to 21st from the previous year's 52nd.

In property registration, however, the ranking dropped from 75th to 79th, while its standing in terms of getting credit fell from 13th to 36th.

The finance ministry here expects that the improved ranking in business environment could have a "positive" impact on luring more foreign investment.

The ministry added that it will keep up its efforts to enhance the overall regulations and system to help people start a new business and protect minor investors.

Meanwhile, Singapore maintained its top status in the business environment, followed by New Zealand, Hong Kong and Denmark.

BANGKOK, Oct 29 - Intra-Asean trade increased at a faster pace, with annual growth rate averaging 10.5 per cent, as compared to either overall Asean trade (by 9.2 per cent) or extra-Asean trade (by 8.9 per cent) during the period 1993-2013.

The share of intra-Asean trade in overall Asean trade has been on an increasing trend starting from 19.2 per cent in 1993 to 22 per cent in 2000 and 24.2 per cent in 2013, and accounted for 25 per cent of the region's total GDP in 2013, according to Asean Community in Figures (ACIF) Special Edition 2014, launched this month by the Asean Secretariat.

Data on foreign direct investment (FDI) inflows in Asean showed that from 2000 to 2013, intra-Asean FDI inflows grew at an average annual rate of around 25 per cent, in tandem with extra-Asean FDI inflows, which posted an average annual growth of 13 per cent.

Asean total FDI inflows stood at US$122 billion in 2013, with extra-Asean countries providing US$101 billion.

In 2013, major sources of FDI inflows comprised EU-28 (with a 22 per cent share of total), Japan (18.7 per cent), Asean member states (17.4 per cent), China (7.1 per cent) and Hong Kong (3.7 per cent).

Economic activities under the services sector accounted for the bulk of FDI inflows to Asean, with an average share of nearly 70 per cent in the last four years, followed by FDI in manufacturing.

BANGKOK, Oct 28 - Prime Minister Prayut Chan-o-cha said today that his government would award petroleum exploration and production concessions on 29 blocks with transparency.

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