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BREAKING NEWS - RECORD CASES & DEATHS

 

New Cases

Thailand 6,990 ( +526)
Prison 68 ( +13 )
———————————————-
Total 7,058 ( +539)

 

Deaths 75 ( +21 )

 

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https://asia.nikkei.com/Spotlight/Coronavirus/Thai-insurers-suspend-COVID-policy-sales-due-to-specious-claims?utm_campaign=GL_coronavirus_latest&utm_medium=email&utm_source=NA_newsletter&utm_content=article_link&del_type=10&pub_date=20210708150000&seq_num=10&si=44594

Thai insurers suspend COVID policy sales due to specious claims
Poor economy pushes policyholders to deliberately get infected for cash payout

 

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Bangkok Insurance is one of many companies halting sales of COVID-19 policies.   © Reuters
APORNRATH PHOONPHONGPHIPHAT, Nikkei staff writerJuly 8, 2021 12:00 JST

 

BANGKOK -- Insurance claims over popular COVID-19 insurance policies in Thailand have grown tenfold since last year, prompting insurance authorities to launch investigations into possible fraud.

 

The Office of Insurance Commission, the country's insurance regulator, has warned on its website it is investigating possible insurance fraud after seeing COVID claims soar.

 

As of end-April 2020, when Thailand began witnessing a third wave of the pandemic, the number of COVID-19 policyholders stood at 13.8 million with total premiums of 5.9 billion baht ($184 million), according to the OIC. COVID-19 claims for the month jumped to 1.7 billion baht from 170 million baht the previous year.

 

Analysts attributed the rise in COVID-19 claims to the pandemic-battered Thai economy, which has seen people hit so hard that they deliberately risk infection to receive insurance payouts.

 

With suspicious claims rising, some major non-life insurance companies have stopped selling COVID-19 policies. Bangkok Insurance announced on its website that had stopped selling policies on June 29 while Viriyah Insurance stopped on June 30.

 

The Thai General Insurance Association -- which comprises all 56 non-life insurance companies in Thailand -- is warning people against deliberately becoming infected with COVID-19 in order to claim compensation because they may face fraud charges.

 

The warning comes after several viral social media posts showed families celebrating after receiving payouts due to having contracted the virus.

 

"There is even a young lady selling inhalers on her Facebook page that she says contain the coronavirus," said a senior official at the OIC. "Buyers can use the inhalers to get infected and then claim compensation. That's why we need to issue the warnings. They not only risk catching COVID but also risk breaking the law."

 

When COVID first struck Thailand last year, several insurance companies started to offer non-life COVID-19 insurance policies. Customers could buy 100,000 baht to 300,000 baht of coverage for only about 500 baht a year.

 

The insurance companies now find themselves not only covering claims for legitimate people suffering from the virus, but also the economically desperate who purposely catch the deadly disease to collect money.

Edited by Yamato
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20 minutes ago, Yamato said:

 

lockdown lai lockdown qu until lockdown bo use liao.

 

wuhan delta jin sakti!!!!!!

 

i waiting for big outbreak in phuket.

 

wahahahahahhaha

 

https://apnews.com/article/middle-east-thailand-coronavirus-pandemic-lifestyle-travel-1a698bbc11495e83f80142869da69d71

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https://asia.nikkei.com/Business/Transportation/Thai-Airways-takes-next-step-in-balance-sheet-rehab-plan?utm_campaign=GL_asia_daily&utm_medium=email&utm_source=NA_newsletter&utm_content=article_link&del_type=1&pub_date=20210709190000&seq_num=17&si=44594

Thai Airways takes next step in balance sheet rehab plan
Carrier to cut registered capital by 19% as part of court-backed restructuring

 

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Thai Airways' rehab plan aims to bring the airline back to profitability by 2025, but much depends on recovery of the air travel market, which has been hit hard by the COVID-19 pandemic.   © Reuters
APORNRATH PHOONPHONGPHIPHAT, Nikkei staff writerJuly 9, 2021 17:59 JST

 

BANGKOK -- Thailand's loss-making flag carrier Thai Airways International has proceeded with a plan to reduce its registered capital by 19% as part of a court-approved rehabilitation to improve its balance sheet.

 

The company will decrease registered capital from 26.9 billion baht ($822 million) to 21.8 billion by writing off unissued and unsold shares as stipulated in its rehabilitation plan, Suvadhana Sibunruang, the acting CEO, said on Friday.

 

The capital decrease is one step in the rehabilitation approved by the Central Bankruptcy Court in June. By decreasing its share capital the airline can reduce some accumulated losses and improve its financial condition.

 

The rehab plan consists of an organizational restructuring that will halve the company's pre-COVID workforce and cut executive positions by 30%. The airline has also been selling off aircraft, facilities and stockholdings as part of a review of its asset portfolio, and to raise working capital.

 

The company has said that it will continue to reduce its workforce by almost half and cut remuneration package expenses to return to competitiveness within three to five years. However, analysts said that will not be sufficient to repair its damaged balance sheet.

 

The airline needs a major cleanup, including new funds to tide itself over during the five-to-seven-year rehabilitation. Creditors have been reluctant to accept large losses as part of the rehabilitation process.

 

Thai Airways has only recorded annual profits twice in the past decade, and the rehabilitation program mainly deals with its unprofitable businesses. Some experts are also concerned about uncertainty in the air travel business.

 

Thai Airways posted a net loss of 141 billion baht in 2020 due largely to the COVID-19 pandemic, which has cut the number of passengers sharply. It carried 76% fewer passengers and 72% less cargo by volume in 2020 than the previous year, resulting in a 74% drop in its total operating revenue to 48.6 billion baht.

 

The rehab plan aims to bring the airline back to stable profitability by 2025. Meeting that target depends on the smooth execution of the rehabilitation and recovery of the air travel market.

Edited by Yamato
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https://asia.nikkei.com/Business/Travel-Leisure/Thailand-opens-Samui-for-vaccinated-visitors-despite-delta-threat?utm_campaign=GL_asia_daily&utm_medium=email&utm_source=NA_newsletter&utm_content=article_link&del_type=1&pub_date=20210715190000&seq_num=17&si=44594

 

Thailand opens Samui for vaccinated visitors despite delta threat
Hotels ramp up capacity amid optimism in COVID-slammed tourism sector

 

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The Thai government's initiative to reopen tourism has been spreading throughout the country's famous resorts such as Samui island.   © Reuters
MASAYUKI YUDA, Nikkei staff writerJuly 15, 2021 15:00 JSTUpdated on July 15, 2021 16:48 JST

 

BANGKOK -- Thailand's effort to rescue its ailing tourism industry took another step forward as the island of Samui and nearby islands reopened starting Thursday for vaccinated foreign visitors, despite an outbreak of the COVID-19 delta variant in the country.

 

Hotel operators on the island are looking to ramp up capacity, betting on more foreign tourists as the government tries to kick-start the sector. Thai retail giant Central Group's hospitality arm will open a new resort on Samui island in August.

 

Bangkok is keen to see the country's vital tourism industry fully back on its feet by mid-October. Before COVID, tourism and related sectors accounted for 20% of the country's gross domestic product.

 

Centara Hotels and Resorts -- a hospitality arm of Central Group -- as well as Minor International said they would aim to reopen all their locations by the end of the year.

 

The reopening of Samui and its neighbors will be slow compared to the island of Phuket, which began welcoming vaccinated tourists two weeks ago. International visitors to Samui will initially enter Thailand from Bangkok's Suvarnabhumi Airport, where they will take a connecting Bangkok Airways flight to the island. According to local reports, only 33 seats have been reserved for flights in July, 20 in August, 10 in September and 17 in October.

 

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Phuket remains open to overseas tourists, allowing foreigners fully vaccinated against COVID-19 to visit the resort island without quarantine.   © Reuters

 

Phuket welcomed 5,174 tourists between July 1 and July 13.

 

The slow start on Samui reflects travelers' hesitation in visiting Thailand during the delta outbreak. Roughly 9,000 new cases have been reported daily over the past week in the country, while Bangkok -- the epicenter of the local delta outbreak -- faces a shortage of hospital beds. Although Samui and the nearby island of Phangan and Tao have not reported a single case of COVID since April, the delta outbreak in Southeast Asia has tourists thinking twice.

 

But hotel operators remain optimistic. Centara Hotels and Resorts will open Centara Reserve Samui to inoculated international tourists from August 10. Centara Villas Samui, another property under the company's management, will resume operation in September, while two others will open in October.

 

Minor International has vaccinated all staff at Avani+ Samui Resort, which can handle seven-day quarantine stays required for incoming tourists. Anantara Bophut and Anantara Lawana Resort on Samui island and Anantara Rasananda on Phangan island will accept tourists after they have quarantined.

 

Meanwhile, U.S.-based Hyatt debuted its Hyatt Regency Koh Samui on July 5. "The resort will play a part in driving the economy and promoting community tourists on Koh Samui," said Ithichai Poolvaraluck, chief business officer of Samui Vipat, owner of the resort that the American company operates.

 

Visitors to the island will not have to stay in their hotel rooms but will be asked to remain close to their accommodation for the first three days. The arrangement differs from Phuket and its so-called sandbox experiment, which allows vaccinated tourists to roam the island as soon as they have tested negative for the virus.

 

Between their fourth and seventh day, foreign tourists on Samui can travel to the island's attractions. Beginning with their second week, they can move freely around the island and to the nearby islands of Phangan and Tao. After two weeks, they will be allowed to travel to other parts of Thailand.

 

Vaccinated international travelers will have to take three PCR tests at their own expense. The first one must be taken upon arrival, the second on day 6 or 7, and the third on day 12 or 13.

Edited by Yamato
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https://www.bangkokpost.com/thailand/general/2149399/astrazeneca-delays-61m-doses

 

AstraZeneca delays 61m doses
Govt vaccine rollout dealt further blow
published : 16 Jul 2021 at 04:00

 

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A health worker administers Covid-19 vaccine by AstraZeneca at the Bang Sue Grand Station in Bangkok last month. (Photo: Varuth Hirunyatheb) 

 

AstraZeneca has asked Thailand to extend the timeline for the delivery of 61 million doses of its Covid-19 vaccine until May next year, Deputy Public Health Minister Sathit Pitutecha said.

 

The move is expected to disrupt the country's already-slow vaccine rollout further.

 

In an interview with the Bangkok Post, Mr Sathit said the delivery timeline originally scheduled for the end of this year looks like it will be delayed until May next year, though the company has promised to try its best to stick to the original schedule.

 

"Normally, a vaccine manufacturer does not make such a commitment. It will do it if possible. But the company does not have enough production capacity to respond to rising global demand," Mr Sathit said.

 

But if any country that has placed orders for AstraZeneca vaccines is able to procure vaccines from other manufacturers first, the government will negotiate with the company to deliver the vaccines to Thailand instead, Mr Sathit said.

 

He added the company will deliver one-third of its output to Thailand, though Thailand has tried to negotiate for as many doses as possible, or 40% of the vaccines produced in the country.

 

"Currently, we have administered the doses that are available to us. This month, we have procured 10 million doses so it is still going according to plan," Mr Sathit said.

 

Under the original vaccine roadmap, the AstraZeneca vaccines, made by local licensed manufacturer Siam Bioscience, would provide the government with 10 million doses of the vaccine each month from July until the end of the year.

 

But the government recently admitted the company can supply Thailand only 5-6 million doses a month, or one third of its total supply, while the rest will be exported.

 

The government said on Wednesday it is considering regulations to limit its Covid-19 vaccine export quota from the country without specifying the vaccine name.

 

"We have to wait for AstraZeneca vaccines day by day. That's not easy because the vaccine market is dominated by big companies worth more than our annual budget," said Mr Sathit.

 

He said the government may have a timeline for the delivery of 100 million doses of Covid-19 vaccine this year, mainly from AstraZeneca and together with Sinovac and Pfizer vaccines.

 

"The Department of Disease Control (DDC) will sign a contract on July 16 with Pfizer to procure 20 million doses. The Government Pharmaceutical Organization will also sign a deal with Moderna for five million doses next week," Mr Sathit said.

 

All will be delivered in October. This will be the vaccine rollout planned for next year," he added.

 

Supant Mongkolsuthree, chairman of the Federation of Thai Industries (FTI), on Thursday said he will meet Prime Minister Prayut Chan-o-cha and Public Health Minister Anutin Charnvirakul next week to seek clarification on supplies of AstraZeneca vaccines.

 

The government previously promised that 10 million doses would arrive last month and 10 million more would be delivered this month. But as it happens, the number has fallen short, and only 10% of workers in the business sector have been vaccinated, Mr Supant said.

 

Government spokesman Anucha Burapachaisri said Prime Minister Prayut has assured the public that AstraZeneca and Sinovac vaccines, which are the country's main vaccines, and Sinopharm, which is an alternative vaccine, are effective against the worst effects of Covid-19.

 

The government also plans to import mRNA vaccines from Pfizer and Moderna, as well as viral vector vaccines from Johnson & Johnson, to ensure there is a wide range of safe and effective vaccines for Thais, the spokesman said.

 

"We are actively working with the government in Thailand and governments across Southeast Asia to continue to deliver equitable vaccine access to the region," AstraZeneca said.

Edited by Yamato
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Very sad day, record new cases and crossed the 5 figures also record deaths crossing 3 figures

 

Thailand 9,955 ( +878 )
Prison 127 ( -488 )
———————————————-
Total 10,082 ( +390 )

 

Deaths 141 ( +74 )

 

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