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LONG-DORMANT RAIL PROJECT TO COME ALIVE, SRT SAYS

The State Railway of Thailand is expediting the revival of the long-delayed Den Chai-Chiang Rai railway project to support the second phase of the special-economic-zone project in Chiang Rai.
The 323-kilometre railway project would cost about Bt77 billion and is targeted to carry 2 million passengers and 2 million tonnes of cargo a year, to link with the SEZ in Chiang Rai, said SRT governor Wuthichart Kalyanamitra. 
He said the authority expected to open bids for construction of the project by the end of next year and for it to go into service in 2020.
“The Den Chai-Chiang Rai railway project has been in the SRT’s development plan for 56 years,” said Wuthichart, adding that various problems had kept it on the back burner for decades.
He said he was confident of making the plan a reality as the current military-led government had seen dual-track railways and SEZ projects as important.

THITIKORN LOOKS ABROAD

Thitikorn, a listed hire-purchase (lease to own) company, plans for lending in neighbouring countries to make up half of its total loan portfolio in five years after opening branches in Laos and Cambodia.
TK will issue a three-year unsubordinated debenture worth Bt300 million at a fixed rate of 2.48 per cent per annum on Monday. The debenture is its fourth tranche this year, in preparation for the firm’s expansion in Thailand and abroad, said Prapol Phornprapha, director and deputy managing director. TK has a branch in Laos called Sabaidee Leasing and three branches in Cambodia, operated under the name Suasdey Finance. TK expects its lending in both countries this year to surpass Bt100 million, or 100 per cent more than last year.

SUCCESS AGAINST ILLEGAL FISHING 

Indonesian Fisheries Minister Susi Pudjiastuti claims that 10,000 foreign ships left Indonesian waters after the country imposed tough measures against illegal fishing.
Susi said the Maritime Affairs and Fisheries Ministry’s measures against rampant illegal, unreported and unregulated (IUU) fishing in Indonesian waters had generated positive results.
“Although only 286 vessels were destroyed, 10,000 foreign ships left Indonesian waters. So the deterrent effect is real,” she said, adding that it demonstrated the country’s commitment to fighting illegal fishingWith a string of measures taken against IUU fishing, the fisherman exchange rate (NTN) – an indicator to measure the welfare of fishermen – had jumped to 110 from 102 over the past year and a half, she said.
An NTN above 100 indicates that the average fisherman has higher spending power due to surplus revenues. – The Jakarta Post
 

Published : November 04, 2016

By : THE NATION