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  1. please continue: Former foreign minister given two-year jail sentence in Thaksin passports case By The Nation Surapong arrives at the Court's building on Tuesday.//Photo : Chalinee Thirasupa Full story: https://www.thaivisa.com/forum/topic/1043827-former-fm-surapong-given-two-year-jail-sentence-in-thaksin-passports-case/ //CLOSED// /Admin
  2. webfact

    Thailand Live Tuesday 19 Jun 2018

    Former foreign minister given two-year jail sentence in Thaksin passports case By The Nation Surapong arrives at the Court's building on Tuesday.//Photo : Chalinee Thirasupa The Supreme Court’s Political Office Holders Division on Tuesday sentenced Surapong Tohvichakchaikul, a former foreign minister, to two years in jail for malfeasance and dereliction of duty by reissuing passports for fugitive ex-premier Thaksin Shinawatra in 2011. Full story: https://www.thaivisa.com/forum/topic/1043827-former-fm-surapong-given-two-year-jail-sentence-in-thaksin-passports-case/
  3. Former foreign minister given two-year jail sentence in Thaksin passports case By The Nation Surapong arrives at the Court's building on Tuesday.//Photo : Chalinee Thirasupa The Supreme Court’s Political Office Holders Division on Tuesday sentenced Surapong Tohvichakchaikul, a former foreign minister, to two years in jail for malfeasance and dereliction of duty by reissuing passports for fugitive ex-premier Thaksin Shinawatra in 2011. The reissuance of Thaksin’s travel documents was done during Surapong’s tenure as foreign minister in the government of then-PM Yingluck Shinawatra, who is Thaksin’s younger sister. The court said Surapong’s offence went against the Foreign Ministry’s 2005 regulations concerning passport issuance. It ruled in favour of the maximum penalty for the charge as Surapong’s action assisted Thaksin, who had earlier been convicted to a jail term and remained a suspect in many other crimes, in his travel to foreign countries. The new passports for Thaksin damaged the dignity of the country’s justice system, the court said. While serving as foreign minister in 2011, Surapong instructed the Foreign Ministry to issue two new passports to Thaksin, whose passports had been revoked in December 2008 by the Democrat-led government of Abhisit Vejjajiva on the grounds that the former PM was deemed to be damaging the country while living abroad. Surapong said at the time that the new passports for Thaksin, who spends most of his time in Dubai avoiding a two-year jail term for corruption, could be a “New Year’s present”. The National Legislative Assembly last year impeached Surapong, a key Pheu Thai Party politician, and banned him from politics for five years in connection with his actions in this matter. The NLA’s action was taken at the request of the National Anti-Corruption Commission. In supporting his decision to reissue the ex-PM’s passports, Surapong had told the media that he and the Pheu Thai-led government at the time had agreed that Thaksin’s presence overseas did not cause any damage to Thailand or foreign countries, and that he was therefore justified in revoking the Democrat-led government’s order. Thaksin has lived in self-exile overseas since fleeing the country in 2008. Surapong has the right to appeal the court’s decision. Source: http://www.nationmultimedia.com/detail/breakingnews/30348117 -- © Copyright The Nation 2018-06-19
  4. webfact

    Thailand Live Tuesday 19 Jun 2018

    AMLO asks police to investigate former senior official for alleged money-laundering By Thai PBS The Anti-Money Laundering Office has asked the Counter Corruption Division (CCD) police to investigate Putthipat Lertchaowasit, a former permanent secretary of the Social Development and Human Security Ministry, and a former female official of the ministry who was his close aide, for alleged money-laundering. Full story: https://www.thaivisa.com/forum/topic/1043824-amlo-asks-police-to-investigate -former-senior-official-for-alleged-money-laundering/
  5. AMLO asks police to investigate former senior official for alleged money-laundering By Thai PBS The Anti-Money Laundering Office has asked the Counter Corruption Division (CCD) police to investigate Putthipat Lertchaowasit, a former permanent secretary of the Social Development and Human Security Ministry, and a former female official of the ministry who was his close aide, for alleged money-laundering. Withaya Nititham, an AMLO official, submitted a petition and evidence against Mr Putthipat and the former female ministry official, who were alleged to have been involved in the embezzlement of welfare funds for the destitute and the poor. Mr Witthaya said the AMLO had found in its investigation that Mr Putthipat and the woman, whom he did not identify, had transferred the stolen money to other people. He declined to reveal their identifies or whether they were relatives of the two and how much money had been transferred to them. Full story: http://englishnews.thaipbs.or.th/amlo-asks-police-investigate-former-senior-official-alleged-money-laundering/ -- © Copyright Thai PBS 2018-06-19
  6. webfact

    Thailand Live Tuesday 19 Jun 2018

    New report ranks Thailand as the world’s riskiest holiday destination FILE photo Thailand has been found to be the world’s riskiest holiday destination for British tourists, according to a new report. Full story: https://www.thaivisa.com/forum/topic/1043823-new-report-ranks-thailand-as-the-world’s-riskiest-holiday-destination/
  7. New report ranks Thailand as the world’s riskiest holiday destination FILE photo Thailand has been found to be the world’s riskiest holiday destination for British tourists, according to a new report. The report, carried out by UK firm Endsleigh Insurance Services, looked at data from 2017, ranking countries on where the most insurance claims were made and Thailand came out on top. The report found that Thailand accounted for 23 percent of travel insurance claims made in 2017 - more than any other country. Travel insurance claims included emergency medical expenses, damaged luggage and flight cancellations. Other countries to make the top 10 included the Chile, Spain, Germany and France. The report highlighted the importance of having valid travel insurance, with 71 percent of claims being for medical expenses, which on average cost £1,319. The report also found that 48 percent of 15-24 year olds don’t bother taking out travel insurance, while 25 percent incorrectly thought the British government would cover medical bills abroad. Speaking to the Daily Mirror, Julia Alpan, head of marketing at Endsleigh, said: "Thailand is a popular destination for holidaymakers and backpackers, so it’s no surprise to see it revealed as the most dangerous location in the world to visit. "Travelling in a foreign country is exciting, but there can be risks involved, particularly when you’re not familiar with the destination. "As well as staying safe, it’s important to do your research ahead of your trip to make sure you’re covered with the correct travel insurance. "Your insurance company will be able to provide you with full details of what you will and won’t be covered for on your policy, so make sure you’re aware of the full terms before you travel." Top 10 riskiest travel destinations: 1. Thailand 2. Chile 3. USA 4. Spain 5. Germany 6. Nepal 7. Peru 8. France 9. Bahamas 10. Brazil -- © Copyright Thai Visa News 2018-06-19
  8. webfact

    Thailand Live Tuesday 19 Jun 2018

    UPDATE: Thailand executes first prisoner by lethal injection since 2009 BANGKOK (Reuters) - Thailand has executed its first prisoner since 2009, the Department of Corrections said on Tuesday, a move the human rights group Amnesty International condemned as a "deeply misguided" effort to reduce crime. Full story: https://www.thaivisa.com/forum/topic/1043765-first-convict-executed-in-thailand-in-nine-years/?do=findComment&comment=13092377
  9. Thailand executes first prisoner by lethal injection since 2009 BANGKOK (Reuters) - Thailand has executed its first prisoner since 2009, the Department of Corrections said on Tuesday, a move the human rights group Amnesty International condemned as a "deeply misguided" effort to reduce crime. Theerasak Longji, 26, was executed by lethal injection at Bang Kwang Central Prison north of Bangkok on Monday. He was found guilty of murdering a 17-year-old boy in 2012, the department said. He was the seventh person to be executed by lethal injection since Thailand introduced the method in 2003 to replace execution by firing squad. Before Monday, the last people executed were two Thai drug dealers in 2009. "This is a deplorable violation to the right of life," Amnesty's Thailand campaigner Katherine Gerson said of Theerasak's execution. She said Thailand had reneged on a commitment to move towards abolishing the death penalty and was out of step with a global shift away from capital punishment. "There is no evidence that the death penalty has any unique deterrent effect, so the Thai authorities' hopes that this move will reduce crime is deeply misguided," Gerson said. "The Thai government must immediately halt any plans to carry out further executions," she added. Narat Sawettanan, director-general of the Department of Corrections, declined to comment when contacted by Reuters. Prime Minister Prayuth Chan-ocha told reporters that surveys showed most Thais were in favour of capital punishment. "We have many dangerous crimes ... it is a necessity and the will of the people," Prayuth said. Thailand has some of Asia's most crowded prisons, with most inmates jailed for drug offences. Various governments have had little success in tackling overcrowding. Thailand has 361,030 prisoners, 520 of whom are on death row, according to data from the Department of Corrections. Capital punishment can be applied to 35 crimes in Thailand, including murder and drug trafficking. (Reporting by Amy Sawitta Lefevre and Panarat Thepgumpanat; Additional reporting by Pracha Hariraksapitak; Editing by Darren Schuettler, Robert Birsel) -- © Copyright Reuters 2018-06-19
  10. webfact

    Thailand Live Tuesday 19 Jun 2018

    Supreme Court to decide fate of former FM Surapong this afternoon on Thaksin’s passport scandal By Thai PBS The Supreme Court’s Criminal Division for Political Office Holders has adjourned the ruling in a malfeasance case against former foreign minister Surapong Tovichakchaikul to this afternoon for reinstating a revoked passport for former prime minister Thaksin Shinawatra. Full story: https://www.thaivisa.com/forum/topic/1043821-supreme-court-to-decide-fate-of-former-fm-surapong-this-afternoon-on-thaksin’s-passport-scandal/
  11. Supreme Court to decide fate of former FM Surapong this afternoon on Thaksin’s passport scandal By Thai PBS The Supreme Court’s Criminal Division for Political Office Holders has adjourned the ruling in a malfeasance case against former foreign minister Surapong Tovichakchaikul to this afternoon for reinstating a revoked passport for former prime minister Thaksin Shinawatra. Surapong, 65, was indicted in February last year by the National Anti-Corruption Commission for allegedly violating Article 157 of the Penal Code regarding malfeasance and also committing wrongdoing under the anti-corruption law. Surapong denied the charges and the court granted him temporary release on a 3-million-baht bail on a condition that he not leave the country without court permission. Full story: http://englishnews.thaipbs.or.th/supreme-court-decide-fate-former-fm-surapong-afternoon-thaksins-passport-scandal/ -- © Copyright Thai PBS 2018-06-19
  12. webfact

    Thailand Live Tuesday 19 Jun 2018

    Square obtains NY State cryptocurrency license Anna Irrera Jack Dorsey, CEO and co-founder of Twitter and founder and CEO of Square, speaks at the Consensus 2018 blockchain technology conference in New York City, New York, U.S., May 16, 2018. REUTERS/Mike Segar NEW YORK (Reuters) - Square Inc (SQ.N), the payments company founded by Twitter Inc (TWTR.N) CEO Jack Dorsey, has obtained a license to offer New York state residents the ability to buy and sell bitcoin through its Cash App, the company said on Monday. Full story: https://www.thaivisa.com/forum/topic/1043820-square-obtains-ny-state-cryptocurrency-license/
  13. Square obtains NY State cryptocurrency license Anna Irrera Jack Dorsey, CEO and co-founder of Twitter and founder and CEO of Square, speaks at the Consensus 2018 blockchain technology conference in New York City, New York, U.S., May 16, 2018. REUTERS/Mike Segar NEW YORK (Reuters) - Square Inc (SQ.N), the payments company founded by Twitter Inc (TWTR.N) CEO Jack Dorsey, has obtained a license to offer New York state residents the ability to buy and sell bitcoin through its Cash App, the company said on Monday. This makes Square the ninth firm to have obtained a so-called “BitLicense” by the New York State Department of Financial Services. To grant the license, the financial watchdog conducted a comprehensive review of Square’s app, including its anti-money laundering, anti-fraud and cybersecurity policies, NYDFS said in statement. Square also holds a money-transmitter license from NYDFS. New York has been considered one of the strictest states for cryptocurrency businesses since June 2015, when it started requiring virtual currency firms doing business there to get a license to hold customer funds and exchange virtual coins for dollars and other regular currencies. The San Francisco-based company, best known for selling a device that enables small businesses to accept credit card payments easily, first enabled bitcoin purchases on its app in other states in January. Dorsey, the CEO of both Square and Twitter, has been one of bitcoin’s most high-profile enthusiasts in the tech world. At a conference last month, Dorsey said he hoped bitcoin would be the internet’s “native” currency. “I am a huge fan,” he said. He also noted that the decision to enable users to buy and sell bitcoin in Square’s Cash App had been a “pretty contentious move within the company” and remains a source of internal tension. The company had $34.1 million in revenue from the new bitcoin offering in the first quarter of this year, but its bitcoin costs were $33.9 million, according to a May shareholder letter. Reporting by Anna Irrera; Editing by Chizu Nomiyama and Dan Grebler -- © Copyright Reuters 2018-06-19
  14. webfact

    Thailand Live Tuesday 19 Jun 2018

    The bigger cryptocurrencies get, the worse they perform: BIS Reuters Staff Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/Illustration LONDON (Reuters) - Cryptocurrencies are not scalable and are more likely to suffer a breakdown in trust and efficiency the greater the number of people using them, the Bank of International Settlements (BIS)said on Sunday in its latest warning about the rise of virtual currencies. Full story: https://www.thaivisa.com/forum/topic/1043819-the-bigger-cryptocurrencies-get-the-worse-they-perform-bis/
  15. The bigger cryptocurrencies get, the worse they perform: BIS Reuters Staff Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/Illustration LONDON (Reuters) - Cryptocurrencies are not scalable and are more likely to suffer a breakdown in trust and efficiency the greater the number of people using them, the Bank of International Settlements (BIS)said on Sunday in its latest warning about the rise of virtual currencies. For any form of money to work across large networks it requires trust in the stability of its value and in its ability to scale efficiently, the BIS, an umbrella group for the world’s central banks, said in its annual report. But trust can disappear instantly because of the fragility of the decentralized networks on which cryptocurrencies depend, the BIS said. Those networks are also prone to congestion the bigger they become, according to the BIS, which noted the high transaction fees of the best-known digital currency, bitcoin, and the limited number of transactions per second they can handle. “Trust can evaporate at any time because of the fragility of the decentralised consensus through which transactions are recorded,” the Switzerland-based group said in its report. “Not only does this call into question the finality of individual payments, it also means that a cryptocurrency can simply stop functioning, resulting in a complete loss of value.” The BIS’ head of research, Hyun Song Shin, said sovereign money had value because it had users, but many people holding cryptocurrencies did so often purely for speculative purposes. “Without users, it would simply be a worthless token. That’s true whether it’s a piece of paper with a face on it, or a digital token,” he said, comparing virtual coins to baseball cards or Tamagotchi. The dependency of users on so-called miners to record and verify crypto transactions is also flawed, according to the BIS, requiring vast and costly energy use. It has issued a series of warnings this year after an explosive rise in cryptocurrency values attracted a wave of followers. Agustin Carstens, general manager of the BIS, has described bitcoin as “a combination of a bubble, a Ponzi scheme and an environmental disaster”. The BIS has told central banks to think hard about the potential risks before issuing their own cryptocurrencies. No central bank has issued a digital currency, though the Riksbank in Sweden, where the use of cash has fallen, is studying a retail e-krona for small payments. The BIS also said in its annual report that effective regulation of digital coins needed to be global, targeting both regulated financial institutions as well as companies offering crypto-related services. Reporting by Tommy Wilkes -- © Copyright Reuters 2018-06-19
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