Thailand tows bitcoin trader’s floating home; owners may face death sentence

The Royal Thai Navy has towed a floating home owned by an American bitcoin trader and his Thai girlfriend, who currently face possible death sentences or life imprisonment for “deteriorating Thailand’s independence,” according to multiple reports. Chad Elwartowski and his partner Supranee Thepdet lived in the cabin roughly 15 miles from the Thai coast to avoid jurisdiction from the Thai government, according to British news outlet Sky News. Thai authorities have revoked Elwartowski’s visa and ch


The Royal Thai Navy has towed a floating home owned by an American bitcoin trader and his Thai girlfriend, who currently face possible death sentences or life imprisonment for “deteriorating Thailand’s independence,” according to multiple reports. Chad Elwartowski and his partner Supranee Thepdet lived in the cabin roughly 15 miles from the Thai coast to avoid jurisdiction from the Thai government, according to British news outlet Sky News. Thai authorities have revoked Elwartowski’s visa and ch
Thailand tows bitcoin trader’s floating home; owners may face death sentence Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: shirley tay
Keywords: news, cnbc, companies, according, thai, independence, owners, thailand, bitcoin, jurisdiction, deteriorating, face, sentence, traders, life, death, imprisonment, floating, sky, thailands, tows


Thailand tows bitcoin trader's floating home; owners may face death sentence

The Royal Thai Navy has towed a floating home owned by an American bitcoin trader and his Thai girlfriend, who currently face possible death sentences or life imprisonment for “deteriorating Thailand’s independence,” according to multiple reports.

Chad Elwartowski and his partner Supranee Thepdet lived in the cabin roughly 15 miles from the Thai coast to avoid jurisdiction from the Thai government, according to British news outlet Sky News.

Thai authorities have revoked Elwartowski’s visa and charged the couple for violating Thai sovereignty — an offense punishable by the death penalty or life imprisonment, according to Reuters.

“The couple announced on social media declaring their autonomy beyond the jurisdiction of any courts or law of any countries, including Thailand,” Sky News reported Thai Rear Admiral Vithanarat Kochaseni as saying. “We see such action as deteriorating Thailand’s independence.”


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: shirley tay
Keywords: news, cnbc, companies, according, thai, independence, owners, thailand, bitcoin, jurisdiction, deteriorating, face, sentence, traders, life, death, imprisonment, floating, sky, thailands, tows


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Look for Thailand’s next government to be a coalition, senior official says

It’s “quite likely” that Thailand’s next government will be formed through a coalition, a senior government official told CNBC on Monday, as initial tallies came following Sunday’s long-awaited election after five years of military rule. Speaking to CNBC’s Sri Jegarajah in Bangkok, Panitan said: “It seems quite likely that the next government will be a coalition party between one big party and maybe two important, medium-sized parties.” An anti-military group that comprises the Pheu Thai Party a


It’s “quite likely” that Thailand’s next government will be formed through a coalition, a senior government official told CNBC on Monday, as initial tallies came following Sunday’s long-awaited election after five years of military rule. Speaking to CNBC’s Sri Jegarajah in Bangkok, Panitan said: “It seems quite likely that the next government will be a coalition party between one big party and maybe two important, medium-sized parties.” An anti-military group that comprises the Pheu Thai Party a
Look for Thailand’s next government to be a coalition, senior official says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: weizhen tan, sopa images, lightrocket, getty images
Keywords: news, cnbc, companies, vote, look, thailands, official, party, pheu, seats, likely, thai, quite, pracharat, senior, coalition, palang


Look for Thailand's next government to be a coalition, senior official says

It’s “quite likely” that Thailand’s next government will be formed through a coalition, a senior government official told CNBC on Monday, as initial tallies came following Sunday’s long-awaited election after five years of military rule.

Panitan Wattanayagorn, a security advisor to Thai Deputy Prime Minister Prawit Wongsuwan, said that officials in the pro-military Palang Pracharat Party and Pheu Thai Party — linked to self-exiled former premier Thaksin Shinawatra — are in discussions and also “talking to all parties.”

Speaking to CNBC’s Sri Jegarajah in Bangkok, Panitan said: “It seems quite likely that the next government will be a coalition party between one big party and maybe two important, medium-sized parties.”

The vote is shaping up as a contest between three groups:

A pro-military camp that includes the Palang Pracharat Party — led by current cabinet members in the military regime.

An anti-military group that comprises the Pheu Thai Party and the newly founded Future Forward Party.

Parties that are neutral or undecided about how they will align themselves.

The last group includes the Bhumjaithai Party, whose vote is said to be crucial to swinging the election’s final outcome.

Panitan, who is also a professor at the Chulalongkorn University, said: “It seems quite likely that Bhumjaithai will be a decisive force.”

“The final analysis is whoever gains the majority of the seats will form the government,” he added, “so Bhumjaithai will be very hard at work today and over the next few days to make sure that they coordinate and communicate with all supporters.”

His comments come as Thailand’s Election Commission reported the numbers on Monday with 94 percent of votes counted: Palang Pracharat was leading the popular vote with 7.69 million votes, while the Pheu Thai Party was next with 7.23 million votes.

The numbers released were for the popular vote, but those do not reflect parliamentary seats won. Pheu Thai could still take the lion’s share of those, because of its concentrated popularity in the north and northeast of the country.

The ruling junta repeatedly postponed general elections after it overthrew an elected government in 2014.

The Sunday vote will determine 500 members of the House of Representatives, the lower chamber of Thailand’s legislative branch. The junta will appoint the 250-member Senate, or the upper house.

None of the parties are expected to single-handedly win enough seats in the House to form a government. Therefore, the 250 appointed senators will join their colleagues in the House to select the next prime minister to lead the next government.

Based on a Reuters tally of partial results of the 350 constituency seats contested on Sunday, Pheu Thai was on track to win at least 129 and Palang Pracharat at least 102.

— CNBC’s Yen Nee Lee and Reuters contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: weizhen tan, sopa images, lightrocket, getty images
Keywords: news, cnbc, companies, vote, look, thailands, official, party, pheu, seats, likely, thai, quite, pracharat, senior, coalition, palang


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Thailand election: Economic growth, income inequality are key issues

Investors are hoping for greater political and economic stability in Thailand after the country’s upcoming general election — but some analysts aren’t so sure that will come to pass. This year, foreign buying of Thai equities has not return in a significant way, with many investors opting to wait for clarity on the political front. The election on March 24 will be Thailand’s first since a military coup overthrew the elected government in 2014. An anti-military camp that consist of the Pheu Thai


Investors are hoping for greater political and economic stability in Thailand after the country’s upcoming general election — but some analysts aren’t so sure that will come to pass. This year, foreign buying of Thai equities has not return in a significant way, with many investors opting to wait for clarity on the political front. The election on March 24 will be Thailand’s first since a military coup overthrew the elected government in 2014. An anti-military camp that consist of the Pheu Thai
Thailand election: Economic growth, income inequality are key issues Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: yen nee lee, gonzalo azumendi, getty images
Keywords: news, cnbc, companies, thailand, economic, party, minister, foreign, election, thai, growth, political, issues, parties, income, prime, inequality, key, investors


Thailand election: Economic growth, income inequality are key issues

Investors are hoping for greater political and economic stability in Thailand after the country’s upcoming general election — but some analysts aren’t so sure that will come to pass.

Last year, the Thai stock market suffered a record $9 billion in foreign investment outflows as investors withdrew from emerging markets amid rising interest rates in the U.S. and global economic concerns. This year, foreign buying of Thai equities has not return in a significant way, with many investors opting to wait for clarity on the political front.

The election on March 24 will be Thailand’s first since a military coup overthrew the elected government in 2014. The vote is set to be a contest between three political fractions:

A pro-military camp that include the Palang Pracharat Party, which named current Prime Minister Prayuth Chan-o-cha as its candidate to lead the country.

An anti-military camp that consist of the Pheu Thai Party — which is linked to exiled former Prime Minister Thaksin Shinawatra — and the newly founded Future Forward Party.

A group of parties that are neutral or undecided on which side they would align, including the Democrat Party led by another former prime minister, Abhisit Vejjajiva, and Bhumjaithai Party, which recently made headlines for its promotion of marijuana as a new cash crop in Thailand.

None of the parties are expected to single-handedly win enough seats to form the next government, which means the most likely scenario is a coalition administration. That may be challenging, however, in a polarized political environment like Thailand, analysts said.


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: yen nee lee, gonzalo azumendi, getty images
Keywords: news, cnbc, companies, thailand, economic, party, minister, foreign, election, thai, growth, political, issues, parties, income, prime, inequality, key, investors


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Thai court bans party for nominating princess for PM

“The court has ordered that the party be dissolved,” Judge Taweekiet Meenakanit said in the Constitutional Court ruling, which also banned the party’s executive board members from politics for 10 years. Thai Raksa Chart is one of several parties loyal to ousted former prime minister Thaksin Shinawatra in an election that broadly pits his supporters against establishment parties, including one that has junta leader Prayuth Chan-ocha as its prime ministerial candidate. Police had deployed more tha


“The court has ordered that the party be dissolved,” Judge Taweekiet Meenakanit said in the Constitutional Court ruling, which also banned the party’s executive board members from politics for 10 years. Thai Raksa Chart is one of several parties loyal to ousted former prime minister Thaksin Shinawatra in an election that broadly pits his supporters against establishment parties, including one that has junta leader Prayuth Chan-ocha as its prime ministerial candidate. Police had deployed more tha
Thai court bans party for nominating princess for PM Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: lillian suwanrumpha, afp, getty images, lawrence k ho los angeles times getty images, krit phromsakla na sakolnakorn, thai news pix
Keywords: news, cnbc, companies, nominating, bans, junta, parties, constitutional, prime, party, leader, minister, court, election, thai, ruling, princess


Thai court bans party for nominating princess for PM

“The court has ordered that the party be dissolved,” Judge Taweekiet Meenakanit said in the Constitutional Court ruling, which also banned the party’s executive board members from politics for 10 years.

Thai Raksa Chart is one of several parties loyal to ousted former prime minister Thaksin Shinawatra in an election that broadly pits his supporters against establishment parties, including one that has junta leader Prayuth Chan-ocha as its prime ministerial candidate.

Opposition parties say Prayuth’s candidacy, combined with electoral laws allowing the junta to appoint the 250-seat upper house Senate, could result in an elected government that extends military influence.

Police had deployed more than 1,000 officers in and around the court and cordoned off the surrounding area ahead of the ruling.

Party leader Preechapol Pongpanich, who was visibly emotional, told reporters outside the court the party accepted the ruling. “We all had good intentions for the country,” he said.

Supporters were seen crying, saying they would vote instead for other opposition parties.

The Election Commission asked the court to dissolve the party after it nominated Princess Ubolratana Rajakanya Sirivadhana Barnavadi for prime minister, which the commission described as “antagonistic toward the constitutional monarchy”.


Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: lillian suwanrumpha, afp, getty images, lawrence k ho los angeles times getty images, krit phromsakla na sakolnakorn, thai news pix
Keywords: news, cnbc, companies, nominating, bans, junta, parties, constitutional, prime, party, leader, minister, court, election, thai, ruling, princess


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Thousands scramble as flights from Pakistan to Europe are canceled due to conflict with India

Thousands of travelers were left scrambling on Thursday when Thai Airways International cancelled more than a dozen flights to and from Europe after Pakistan closed its airspace amid rising tensions with India. Most of Thai’s European flights leave after midnight. Many airlines route flights over Pakistan, so the closure of its airspace caused major disruptions on Wednesday. Several airlines, including Emirates and Qatar Airways, suspended flights to Pakistan and others, such as Singapore Airlin


Thousands of travelers were left scrambling on Thursday when Thai Airways International cancelled more than a dozen flights to and from Europe after Pakistan closed its airspace amid rising tensions with India. Most of Thai’s European flights leave after midnight. Many airlines route flights over Pakistan, so the closure of its airspace caused major disruptions on Wednesday. Several airlines, including Emirates and Qatar Airways, suspended flights to Pakistan and others, such as Singapore Airlin
Thousands scramble as flights from Pakistan to Europe are canceled due to conflict with India Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-28  Authors: lillian suwanrumpha, afp, getty images
Keywords: news, cnbc, companies, airspace, pakistan, scramble, flights, leave, indian, airlines, thousands, india, canceled, thai, europe, conflict, airways, airport


Thousands scramble as flights from Pakistan to Europe are canceled due to conflict with India

Thousands of travelers were left scrambling on Thursday when Thai Airways International cancelled more than a dozen flights to and from Europe after Pakistan closed its airspace amid rising tensions with India.

Flights to and from London, Munich, Paris, Brussels, Milan, Vienna, Stockholm, Zurich, Copenhagen, Oslo, Frankfurt, and Rome had been scheduled to fly over Pakistani airspace on Thursday, Thai Airways said in a statement.

That left passengers scheduled to leave Thailand’s main Suvarnabhumi International Airport searching to find alternative flights early on Thursday. Most of Thai’s European flights leave after midnight.

“Last night there were about 5,000 passengers who came to check-in but unable to fly, mostly Thai Airways,” Colonel Umnart Chomshai, superintendent of tourism police at Suvarnabhumi Airport, told Reuters.

Another airport official said a help center had been set up for stranded travelers.

Thai Airways said later on Thursday it would resume flights after gaining permission from China to use its airspace for nearly a dozen flights to Europe set to leave on Thursday afternoon and Friday morning.

However, it said all flights to and from Pakistan were cancelled. The airline operates one flight a day to Karachi and Lahore and four flights per week to Islamabad.

Thailand is among the world’s most popular tourist destinations, receiving more than 38 million visitors last year.

Pakistan closed its airspace after India and Pakistan both claimed to have shot down the other’s fighter jets on Wednesday, with Pakistan capturing an Indian pilot a day after Indian warplanes struck inside Pakistan for the first time since a 1971 war.

World powers have urged restraint between the two nuclear-armed South Asian neighbors, who have fought three wars over the disputed Himalayan region of Kashmir.

Many airlines route flights over Pakistan, so the closure of its airspace caused major disruptions on Wednesday.

Several airlines, including Emirates and Qatar Airways, suspended flights to Pakistan and others, such as Singapore Airlines and British Airways, were forced to reroute flights.

On Thursday, Singapore Airlines said all of its Europe-bound flights would now continue as planned, without the need for refueling stops, and they would reroute to avoid the affected airspace as necessary.

Malaysia Airlines said on its website it was not currently flying over the affected airspace and was avoiding Pakistan and northern Indian airspace for flights to and from Europe until further notice.

Tensions have been running high since at least 40 Indian paramilitary police were killed in a Feb. 14 suicide car bombing claimed by Pakistan-based militants in Indian-controlled Kashmir.


Company: cnbc, Activity: cnbc, Date: 2019-02-28  Authors: lillian suwanrumpha, afp, getty images
Keywords: news, cnbc, companies, airspace, pakistan, scramble, flights, leave, indian, airlines, thousands, india, canceled, thai, europe, conflict, airways, airport


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Thai princess apologizes after being disqualified from election race

The Thai king’s sister, disqualified this week by the Election Commission from running for prime minister, apologized for causing “problems” for the Thai people ahead of next month’s election, the country’s first since a 2014 coup. Princess Ubolratana Rajakanya Sirivadhana Barnavadi’s comments late on Tuesday came a day after the commission dropped her name from an official list of candidates for prime minister. The commission said members of the royal family should stay above politics, echoing


The Thai king’s sister, disqualified this week by the Election Commission from running for prime minister, apologized for causing “problems” for the Thai people ahead of next month’s election, the country’s first since a 2014 coup. Princess Ubolratana Rajakanya Sirivadhana Barnavadi’s comments late on Tuesday came a day after the commission dropped her name from an official list of candidates for prime minister. The commission said members of the royal family should stay above politics, echoing
Thai princess apologizes after being disqualified from election race Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: paula bronstein, getty images
Keywords: news, cnbc, companies, race, work, royal, apologizes, family, princess, commission, disqualified, prime, thai, election, ubolratana, politics, problems


Thai princess apologizes after being disqualified from election race

The Thai king’s sister, disqualified this week by the Election Commission from running for prime minister, apologized for causing “problems” for the Thai people ahead of next month’s election, the country’s first since a 2014 coup.

Princess Ubolratana Rajakanya Sirivadhana Barnavadi’s comments late on Tuesday came a day after the commission dropped her name from an official list of candidates for prime minister.

The commission said members of the royal family should stay above politics, echoing a sharp rebuke from King Maha Vajiralongkorn that her bid was “inappropriate” and unconstitutional.

“I am sorry my genuine intention to work for the country and Thai people has caused such problems that shouldn’t have happened in this era,” she said on Instagram after making a public appearance in central Thailand. She ended her statement with the hashtag, “#howcomeitsthewayitis”.

Some social media users urged her to serve the people as a member of the royal family, but Ubolratana responded: “I don’t want to be in that position anymore. I gave that up a long time ago.”

Ubolratana’s unprecedented nomination by a party allied with populist ex-premier Thaksin Shinawatra unsettled the Southeast Asian nation, where the monarchy is revered by millions of Thais and remains above politics.


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: paula bronstein, getty images
Keywords: news, cnbc, companies, race, work, royal, apologizes, family, princess, commission, disqualified, prime, thai, election, ubolratana, politics, problems


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Thai election commission to rule on princess running for PM after the king’s rebuke


Thai election commission to rule on princess running for PM after the king’s rebuke Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11
Keywords: news, cnbc, companies, running, princess, thai, rule, election, commission, kings, rebuke



Company: cnbc, Activity: cnbc, Date: 2019-02-11
Keywords: news, cnbc, companies, running, princess, thai, rule, election, commission, kings, rebuke


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The latest in Thailand’s political drama: Ruling government dismisses #ThaiCoup rumors

Authorities said the military vehicles were being moved for an annual multinational military exercise that begins on Tuesday, multiple reports said. In 2014, the army seized power from a pro-Thaksin government with Prayuth, now a retired general, leading that movement. Another cause for the show of force could be anticipation of political unrest, according to Andrew MacGregor Marshall, lecturer at Edinburgh Napier University and a leading expert on Thai politics. There’s also a risk of Princess


Authorities said the military vehicles were being moved for an annual multinational military exercise that begins on Tuesday, multiple reports said. In 2014, the army seized power from a pro-Thaksin government with Prayuth, now a retired general, leading that movement. Another cause for the show of force could be anticipation of political unrest, according to Andrew MacGregor Marshall, lecturer at Edinburgh Napier University and a leading expert on Thai politics. There’s also a risk of Princess
The latest in Thailand’s political drama: Ruling government dismisses #ThaiCoup rumors Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: nyshka chandran, brent lewin, bloomberg, getty images
Keywords: news, cnbc, companies, leading, party, political, marshall, electoral, ruling, rumors, military, told, constitution, latest, drama, thaicoup, thailands, dismisses, coup, thai


The latest in Thailand's political drama: Ruling government dismisses #ThaiCoup rumors

On Monday, the ruling government called the coup rumor “fake news” in the wake of the term #ThaiCoup trending on Twitter in the country, according to news wires Deutsche Presse-Agentur and Agence France-Presse. Authorities said the military vehicles were being moved for an annual multinational military exercise that begins on Tuesday, multiple reports said.

It’s not entirely clear why the military would have needed to forcibly take control. In 2014, the army seized power from a pro-Thaksin government with Prayuth, now a retired general, leading that movement. And, in its five years of rule, the military leadership has delayed elections several times. The March 24 vote is seen as a test of the country’s ability to return to democracy.

One reason for the coup rumors could be infighting between factions of the armed forces, Chambers suggested: “There has been a growing divide in the military over the junta government.”

Another cause for the show of force could be anticipation of political unrest, according to Andrew MacGregor Marshall, lecturer at Edinburgh Napier University and a leading expert on Thai politics.

The king, who traditionally commands the allegiance of the military, “may feel that recent events have thrown the election process into chaos, and he does not want political disarray to overshadow his coronation in early May,” Marshall said on Twitter.

There’s also a risk of Princess Ubolratana’s Thai Raksa Party getting kicked out of the electoral race, which could raise tensions. On Sunday, Srisuwan Janya, secretary-general of Thailand’s Association for the Protection of the Constitution, told Reuters that he would file a petition to disqualify the group.

“The royal announcement made it clear that the party violated electoral law,” the activist told the news agency, referring to the king’s Friday statement, which said her action amounted to a violation of the constitution.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: nyshka chandran, brent lewin, bloomberg, getty images
Keywords: news, cnbc, companies, leading, party, political, marshall, electoral, ruling, rumors, military, told, constitution, latest, drama, thaicoup, thailands, dismisses, coup, thai


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Thai king’s sister to contest March 24 election as prime ministerial candidate

The sister of Thailand’s King Maha Vajiralongkorn has been declared as a leading prime ministerial candidate for a party loyal to ousted prime minister Thaksin Shinawatra in March 24 elections, registration papers showed on Friday. Princess Ubolratana Rajakanya Sirivadhana Varnavadi, 67, broke the long-standing tradition of Thai royalty staying out of politics by entering the election in an unprecedented move. The king’s eldest sister has registered as a candidate for the Thai Raksa Chart party,


The sister of Thailand’s King Maha Vajiralongkorn has been declared as a leading prime ministerial candidate for a party loyal to ousted prime minister Thaksin Shinawatra in March 24 elections, registration papers showed on Friday. Princess Ubolratana Rajakanya Sirivadhana Varnavadi, 67, broke the long-standing tradition of Thai royalty staying out of politics by entering the election in an unprecedented move. The king’s eldest sister has registered as a candidate for the Thai Raksa Chart party,
Thai king’s sister to contest March 24 election as prime ministerial candidate Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: guillaume payen, sopa images, lightrocket, getty images
Keywords: news, cnbc, companies, ministerial, prime, contest, candidate, 24, thai, kings, elections, minister, wielded, election, thailands, party, sister


Thai king's sister to contest March 24 election as prime ministerial candidate

The sister of Thailand’s King Maha Vajiralongkorn has been declared as a leading prime ministerial candidate for a party loyal to ousted prime minister Thaksin Shinawatra in March 24 elections, registration papers showed on Friday.

Princess Ubolratana Rajakanya Sirivadhana Varnavadi, 67, broke the long-standing tradition of Thai royalty staying out of politics by entering the election in an unprecedented move.

Thailand has been a constitutional monarchy since 1932 but the royal family has wielded great influence and commanded the devotion of millions.

The king’s eldest sister has registered as a candidate for the Thai Raksa Chart party, an off-shoot of the Thaksin-backed Pheu Thai Party. The election is seen as a battle between Thaksin’s populists and allies and the royalist-military establishment.

Separately, the head of Thailand’s military junta, Prayuth Chan-ocha, said on Friday he will contest the March elections as a candidate for prime minister.

Prayuth, the army chief who seized power from a democratic government in a 2014 coup and made himself prime minister, said in a statement he would run as a candidate for the pro-military Palang Pracharat.


Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: guillaume payen, sopa images, lightrocket, getty images
Keywords: news, cnbc, companies, ministerial, prime, contest, candidate, 24, thai, kings, elections, minister, wielded, election, thailands, party, sister


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Thailand launches Huawei 5G test bed, even as US urges allies to bar Chinese gear

Thailand on Friday launched a Huawei Technologies 5G test bed, even as the United States urges its allies to bar the Chinese telecoms giant from building next-generation mobile networks. The 5G test bed in Thailand, the United States’ oldest ally in Asia, will be Huawei’s first in Southeast Asia. Thailand’s cooperation with Huawei on the test bed does not mean it is not concerned about security issues, Minister of Digital Economy Pichet Durongkaveroj told Reuters at the launch. However, this 5G


Thailand on Friday launched a Huawei Technologies 5G test bed, even as the United States urges its allies to bar the Chinese telecoms giant from building next-generation mobile networks. The 5G test bed in Thailand, the United States’ oldest ally in Asia, will be Huawei’s first in Southeast Asia. Thailand’s cooperation with Huawei on the test bed does not mean it is not concerned about security issues, Minister of Digital Economy Pichet Durongkaveroj told Reuters at the launch. However, this 5G
Thailand launches Huawei 5G test bed, even as US urges allies to bar Chinese gear Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: artur widak, nurphoto, getty images
Keywords: news, cnbc, companies, huawei, bed, 5g, telecoms, bar, thai, thailand, site, chinese, launches, allies, southeast, states, united, urges, gear, test


Thailand launches Huawei 5G test bed, even as US urges allies to bar Chinese gear

Thailand on Friday launched a Huawei Technologies 5G test bed, even as the United States urges its allies to bar the Chinese telecoms giant from building next-generation mobile networks.

Huawei, the world’s top producer of telecoms equipment and second-biggest maker of smartphones, has been facing mounting international scrutiny amid fears China could use its equipment for espionage, a concern the company says is unfounded.

The 5G test bed in Thailand, the United States’ oldest ally in Asia, will be Huawei’s first in Southeast Asia.

Thailand’s cooperation with Huawei on the test bed does not mean it is not concerned about security issues, Minister of Digital Economy Pichet Durongkaveroj told Reuters at the launch.

“We keep a close watch on the allegations worldwide. However, this 5G test bed project is a testing period for the country,” Pichet added. “We can make observations which will be useful to either confirm or disconfirm the allegations.”

Pichet was speaking at the test site in Chonburi, the heart of the Thai military government’s $45 billion economic project — the Eastern Economic Corridor (EEC) — about 90 km southeast of Bangkok. Vendors like Nokia, Ericsson and Thai telecoms operators have also set up 5G labs at the site.


Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: artur widak, nurphoto, getty images
Keywords: news, cnbc, companies, huawei, bed, 5g, telecoms, bar, thai, thailand, site, chinese, launches, allies, southeast, states, united, urges, gear, test


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