New 70 baht to commemorate 70th anniversary HM the King’s accession to the throne
The front of the banknote portrays His Majesty
King Bhumibol Adulyadej in the uniform of the Supreme Commander of the Armed
The reverse of the banknote shows H.M. the King
in full regalia holding the Sword of Victory, standing in front of the
Phuttan Kanchanasinghat Throne.
Mr. Veerathai Santiprabhob, Governor of the Bank of Thailand (BOT), unveiled
a 70 baht commemorative banknote to celebrate the Seventieth Anniversary
Celebrations of His Majesty’s Accession to the Throne on June 9, 2016. The
BOT will issue 20 million commemorative banknotes to celebrate this
Mr. Veerathai Santiprabhob, Governor of the Bank
of Thailand (BOT), unveiled a 70 baht commemorative banknote to celebrate
the 70th anniversary of the accession of H.M. the King to the throne.
The front of the banknote depicts the portrait of His Majesty King Bhumibol
Adulyadej in the uniform of the Supreme Commander of the Armed Forces, the
Royal House of Chakri gown with the Most Illustrious Order of the Royal
House of Chakri, and the Knight Grand Cordon (Special Class) of the Most
Illustrious Order of Chula Chom Klao breast chain.
The portrait of H.M. the King in full regalia holding the Sword of Victory,
standing in front of the Phuttan Kanchanasinghat Throne inside the Paisan
Taksin Hall is illustrated on the reverse of the banknote.
The size of this 70-Baht commemorative banknote is 89 x 162 mm with major
security features as follows;
1. Raised Print: On both sides, H.M. the King’s portraits printed with the
intaglio printing process can easily be felt by touch.
2. Glitter Ink: Thai numeral “๗๐” on both sides will sparkle dazzlingly upon
3. Color-shifting Ink: Arabic numeral “70” on the reverse side is changed
from gold to green upon tilting.
4. Latent Image: Hidden numeral “70” inside the Garuda on the front side
becomes visible when the note is viewed from a certain angle.
5. Fluorescent Ink: Radial pattern behind the portrait on both sides will
glow yellow under ultraviolet light.
The commemorative banknote including a leaflet can be exchanged at 100 Baht
each and available at commercial banks, the Government Savings Bank, the
Bank of Agriculture and Agricultural Cooperatives, the Government Housing
Bank, and the Islamic Bank of Thailand from 9 June 2016 onwards. Part of the
proceeds will be presented to H.M. the King.
Northern Region’s Economic Conditions in the First Quarter of 2016
In the first quarter of 2016, economic activities in the
northern region remained stable from previous quarter. Key
driver factors came largely from government spending, tourism
activities and cross-border exports. Private consumption
expanded in certain areas and non-durable goods while overall
spending was still under weighed by farm income slackness and
drain of private confidence. Pull back sectors of the northern
economy have been continued in private investment, particularly
excess real estate, falling agricultural output and price as
well as declining manufacturing production. This was partly
dampened by weak external demand, intense price competition and
severe impact from drought. On the stability front, headline
inflation was less negative in line with gradual increase of
domestic retail oil prices. Unemployment rate edged up slightly.
Some labor migration from agricultural sector to construction,
trade and services was also observed. Commercial bank’s credits
moderated while deposits grew slightly.
Government disbursement maintained its role as a key driver of
economy with a robust increase of 12.5 percent, mainly through
project for improvement of living standards at the Tambol level
measure as well as other investment projects such as road
construction and maintenance projects, buildings construction on
campus and hospital premises and local construction
subsidiaries. However, disbursement for the irrigation system
and the water management slowed down after acceleration in
Tourism sector continued to expand as anticipated from a
remarkable number of air passengers, the value added tax (VAT)
associated with hotels and restaurant businesses together with
high hotel occupancy rate and average room price. More Chinese
tourists travelled to the northern region, particularly during
the Chinese New Year festival, by air and land, likewise the
number of American and European tourists has gradually
increased. In addition, more Thai tourists attend meetings and
seminars in major tourist attraction provinces.
Private consumption index rose at 4.5 percent, attributed mainly
to consumer goods, fuel and electricity, even lessened from
declining auto and household spending after acceleration in
previous quarter from government stimulus measures. Accordingly,
households have appeared to be more cautious in spending from
high household debts leading to poor consumer confidence.
Likewise, the financial institutions also tightened credit
Export value dropped slightly by 0.2 percent, contributing
primarily from declined exports of electronic components to
Japan, Hong Kong and Singapore, while cross-border exports of
consumer products to Myanmar and Lao PDR still performed well.
Meanwhile, import value accelerated to 17.6 percent from imports
of electricity from Lao PDR, albeit decreased imports of raw
materials and intermediate goods for export-oriented
Private investment index remained at low level by 3.9 percent
decline, indicated by sluggish manufacturing production and real
estate and construction activities although temporary government
tax measures and property transfer fee reduction helped absorb
some excess supply. This was reflected from continued declining
in some key indicators including permission of construction
areas in municipal zones, the number of registered commercial
cars and sales of construction materials.
Farm income remained weak, decreasing by 11.1 percent, from
severe drought. In the meantime, major crop output dampened
further by 4.6 percent particularly sugarcane, off-season rice
crop and maize. However, cassava and other livestock outputs
increased. Major crop price dropped by 6.8 percent with respect
to decreasing global demand in sugarcane, cassava and maize.
Conversely, rice and livestock prices hiked slightly.
Manufacturing production continued to fall by 6.7 percent,
particularly in export oriented manufacturing of electronic
components, partly affected from economic slowdown of key
trading partners together with the loss of European Union’s GSP
privileges. Meanwhile, agricultural production dropped further,
mainly from milled rice and sugar, and vegetable and fruit
processing as an adverse effect of drought, whereas beverages,
ceramics and furniture productions grew admirably.
General economic condition in the northern region remained
sound. Headline inflation rate declined at slower pace by 0.77
percent. Unemployment rate picked up from previous quarter to
1.0 percent as employment in agricultural sector declined and
some migrated to construction, trade and service sectors.
Pronounced permanent layoff has not yet been observed and some
entrepreneurs applied the Section 75 of the Labor Protection
At the end of first quarter 2016, commercial banks’ credits
outstanding amounted to 585,704 million baht, rising by 4.5
percent from previous quarter, attributed to partial debt
repayment of businesses. Commercial banks’ credits outstanding,
totaled to 638,579 million baht, rose broadly by 4.0 percent,
primarily from business sector and government agencies deposits.
Loan to deposits ratio, therefore, edged downed from previous
quarter to 91.7 percent.
Chiang Rai Governor meets with leaders from Yunnan in China
Investment and sister city relationships under discussion
Mr. Zhang Bairu,
China to the
May 17, 2016.
The Chiang Rai
officials on May
17, 2016 to
promote the new
zone set up in
the North and
Rai and Yunnan
from Chiang Rai
and Yunnan met
export and the
set-up of the
Economic Zone in
Mr. Zhang Bairu,
China and his
party where they
setting up a
The Chiang Rai
invest in the
also offered the
direct export of
jasmine rice via
Trading House to
the south of
to promote the
export of Thai
rice and tourism
also extended an
Yunnan to visit
Chiang Rai this
and for further
Governor for the
warm welcome and
visit was to
join EXPO event
and he added
that he was
that he will
Bangkok Airways quarterly profits up nearly 45 percent year on year
Mr. Puttipong Prasarttong-Osoth,
President of Bangkok Airways PCL reported on the airlines first
quarter results for 2016.
Bangkok Airways Public Company Limited announced its operating
results for the first quarter of 2016 which has amounted to a
total revenue of 7,775.7 million baht, increasing from the same
quarter last year by 15.5 percent and has reported a net profit
at 1,574.6 million baht, up by 44.9 percent from the first
quarter of the previous year.
Mr. Puttipong Prasarttong-Osoth, President of Bangkok Airways
PCL commented that, "In the first quarter, total revenue of the
company was 7,775.7 million baht, increased by 15.5 percent from
the same quarter of year 2015. Net profit was reported at the
amount of 1,574.6 million baht, an increase of 487.9 million
baht or 44.9 percent from the same period last year. The
improving performance was mostly contributed to growth in number
of passengers and better average fares together with declining
Mr. Puttipong continues, "The number of passengers of Bangkok
Airways rose by 10.5 percent for this quarter; the number of
passengers from point-of-sale in Asia (excluding Thailand) was
growing 18.2 percent which was largely supported by increasing
number of passengers from point-of-sale in Singapore, Vietnam,
Hong Kong, Myanmar and Taiwan. The average passenger load factor
was increased from 71.9 percent the same quarter last year to
74.4 percent. Passenger yield per RPK was 5.44 baht, increased
from previous year by 4.5 percent.
Recently, Bangkok Airways PCL has received brand-new aircrafts;
2 of ATR72-600 and 1 of Airbus A319. Therefore, Bangkok Airways'
fleet currently consists of 33 aircrafts; 13 ATR72-500s and
ATR72-600s and 20 Airbus A319s and A320s. In additions, there
will be 2-3 new aircrafts delivered to the company later this