Jul 29, 2013

Crude Oil Leak from undersea pipe in Gulf of Thailand

Estimated 50,000 liters of crude oil leaked from an underwater pipe of PTT Global Chemical PLC, in the Gulf of Thailand on July 27, 2013.  Oil slick now moved toward Rayong province. Ko Samet's Prao beach was covered by thick black oil for about 600 meters. Tourists have checked out from hotels on the island.
Thai navy and marines were asked to assist in cleaning up. It might take over 15 days to clean up. Tourism industry of Rayong province estimated the loss of over 1 billion Baht so far.

News from the Thai stock exchange indicated a lower stock price of PTTGC PLC lowered for 2 consecutive days over high costs of clean up and possible litigations from affected parties.

Ref: Manager

Jul 11, 2013

Arrest for use of fake credit cards in Bangkok

Police was alerted by a Thai bank and arrested a gang of foreigners using faked credit cards purchasing high value merchandises from various stores in Bangkok.

Ref: Manager news

Jul 6, 2013

Engineer said the 350 Billion Baht loan for flood water management would not work

Associate Dean of KMITL Faculty of Engineering gave a talk in a forum entitled "the 350 billion Baht loan, Water management or Corrupting it ?" suggesting that the master plan was flawed since it used the flood event in 2011 as the model. He also said that  the government's 9 water management modules were not linked together and was against engineering principles.  He said it would not be successful and the government knows this.

Ref: Manager

Closure of Sahafarm poultry factory in Petchabun

Around 3,000 Burmese workers protested for late wage payment at Sahafarm's poultry factory in Petchabun province. Over 100 police from neighboring districts had to control situation and 6 leaders who destroyed properties in the factory were apprehended. Sahafarm said it has to temporarily close the factory and would pay remaining wage on July 15.  Remaining wage for June is expected by the end of July pending outcome of loan from financial institution.

Ref: Manager