PRESS DIGEST - Thai newspapers Oct 28
BANGKOK, Oct 28 (Reuters) - These are some of the leading stories in Thai newspapers on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.
TOP STORIES
- The Council of State believes the sentencing of ousted Prime Minister Thaksin Shinawatra to two years in jail is enough justification to strip him of his police rank and royal decorations (BANGKOK POST)
- The State Railway of Thailand plans to sack 10 union members and is threatening legal action against them after a train was allegedly blocked from leaving Hat Yai by another train (BANGKOK POST)
- Thailand's Public Health Ministry is bracing for a second round of type-A (H1N1) influenza attacks in coming weeks (BANGKOK POST)
- The government would neither deny nor confirm claims that the Sultan of Brunei shunned state accommodation and chose to stay in a house belonging to Thaksin Shinawatra during the recent ASEAN summit (THE NATION)
- Puea Thai Party Chairman Chavalit Yongchaiyudh's bid to mend fences with the People's Alliance for Democracy fell flat after he was given the cold shoulder (THE NATION)
- The Thai army chief insisted that the Thai and Cambodian military remain on good terms despite the recent verbal spat between the two countries' leaders (THE NATION)
BUSINESS
- Thai Oil (TOP.BK), the country's largest oil refiner, is conducting a feasibility study for new investments worth between $2.3 billion and $2.9 billion to upgrade its oil refining facilities and enhance production efficiency over the next three to four years, according to its new CEO, Surong Bulakul (BANGKOK POST)
- PTT Exploration and Production (PTTE.BK) saw its profits fall in the third quarter because of costs associated with an oil well leak in Australia (BANGKOK POST)
- After more than a decade of legal struggle, authorities now smell victory in their bid to bring back bank fraud suspect Rakesh Saxena from Canada to stand trial (THE NATION)
- Thailand's economic recovery continues, with a rebound in domestic consumption, private investment and exports convincing officials the economic contraction will be limited to only 3 percent this year (THE NATION)
- Integrating ASEAN securities markets will help improve the region's self-reliance, according to business leaders (BANGKOK POST)
- Provincial economies started recovering in the third quarter, but H1N1 influenza, political tension and higher oil prices are seen as stumbling blocks (BANGKOK POST)
(Bangkok Newsroom +66 2648 9721, e-mail: bangkok.newsroom@reuters.com)
