Mekong Institute becomes
Government dignitaries and
members of the diplomatic corps attended the ceremony held at Bua Kaew Room,
Ministry of Foreign Affairs in Bangkok.
A signing ceremony between the government of the Kingdom
of Thailand and the Mekong Institute (MI) based at Khon Kaen University was
held recently to transform the MI into a new intergovernmental organization
The Thai Foreign Minister, Nitya Pibulsonggram, together with members of the
diplomatic corps, witnessed the signing ceremony
The event signified collaborative efforts of the Greater Mekong Sub-region
(GMS) member countries in creating long-term development for people within
The Foreign Minister Nitya Pibulsonggram, former Council Chairman of the
Mekong Institute, Mr. Tej Bunnag, Honorary Advisor of the Council Committee,
Mr. Narongchai Akrasanee, Steering Committee Chairman, together with
Ambassadors of Myanmar, Vietnam and New Zealand as well as representatives
from the Embassies of Cambodia, Lao PDR and China attended the ceremony
The MI has played an active role in providing human resource development
assistance, with the support of the New Zealand Government, to the Greater
Mekong Sub-region (GMS) since 1996. It brought together senior and mid-level
officials from all six GMS countries to learn and share experiences through
learning programs focusing on management, policy-making, and leadership
training in a wide range of issues particularly tourism, development of the
rural area economies and private sector competitiveness.
As an intergovernmental organization, MI is able to undertake its mandates
in enhancing effective regional cooperation and promoting long-term
development for the people of the Greater Mekong Sub-region.
Investors given more options with overseas securities
In an attempt to further ease the baht appreciation, the
Securities and Exchange Commission will allow individual investors to invest
in securities overseas in amounts not exceeding US $5 million per
individual. This move is likely to take effect next month.
SEC Secretary-General Theerachai Puvanartnaranubala revealed the commission
had discussed the move with the Bank of Thailand, the Fiscal Policy Office,
the Stock Exchange of Thailand, the Securities Companies Association, and
the Asset Management Companies Association on ways to encourage Thai
nationals to invest overseas.
All parties shared a common view that SEC should allow local institutional
investors such as foundations and cooperatives to invest in financial
instruments and securities overseas.
At present, the Bank of Thailand has allowed only mutual funds, provident
funds, securities companies, and asset management companies to invest
For investment channels, institutional investors will be allowed to invest
through brokerage houses and individual investors to invest through private
The investors are required to report their investment in securities overseas
to BoT in a set period to prevent possible speculation on a baht difference
in the offshore and onshore markets. TNA
Three foreign airlines add Thailand
The Department of Civil Aviation announced the
authorization of 3 airlines to open new air routes into Thailand.
These include Vladivostok Air from Russia, Air Bagan from Myanmar, and Jet
Airways from India. Vladivostok Air will be operating 3 flights per week
along the Russia-Korea-Bangkok route. Air Bagan will be operating 7 flights
per week along the Yangon-Bangkok-Yangon route. Jet Airways will be
operating 14 flights per week along the New Delhi-Bangkok-New Delhi route.
The Director General of the Department of Civil Aviation expressed his
confidence that the establishment of new travel routes during the low season
indicates that foreign travelers remain interested in visiting Thailand.