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THAI Executive chairman resigns over excess luggage scandal

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Thai Airways International (THAI) executive board chairman Wallop Bhukkanasut resigned over an excess luggage scandal, effective Tuesday, according to Ampon Kitti-ampon, chairman of THAI’s board of directors.

The resignation is to show responsibility, an act which is seen as an appropriate norm for the company .The information regarding Mr Wallop’s case will be useful for laying out regulations to prevent such an incident occurring in the future, said Mr Ampon.

A fact finding set up to investigate the case will conclude its probe on Monday. Investigation results will reveal the damage caused by the excess luggage matter and also the identities of other employees who were involved in the case. The company will call for compensation for damages, he said.

Mr Ampon said Mr Wallop conceded that a person who accompanied him, used his name to load more luggage, although he said it was not for commercial purposes.

Mr Wallop was alleged to have avoided paying charges for carrying some 390kg of excess baggage on a flight from Tokyo to Bangkok last month. The revelation came at an especially sensitive time as Thailand’s national airline is restructuring after a huge net loss of more than Bt20 billion in 2008. (TNA)

via MCOT English News : THAI Executive Board chair resigns over excess luggage scandal.

Corporate

The environmental case for remote working

Anyone searching for a silver lining to the pandemic should look to the clear, blue skies above them. A reduction in pollution worldwide has been an unintended benefit of the lockdowns and stay-in-place orders imposed to control the spread of COVID-19.

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During the pandemic, the environmental and societal benefits of working at home quickly became apparent. How can businesses protect these benefits in the future?

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Investment

Thailand Q1 Investment Applications Soar 80% as FDI More Than Double says BOI

The top three source countries of FDI applications during the first quarter were South Korea, China, and Singapore, with similar levels of investment. Korean investment soared due to a large-scale joint venture in the medical sector, Ms Duangjai said.

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The Thailand Board of Investment (BOI) said today that in the first quarter of 2021, investment applications rose 80% from the year earlier period to a total value of 123.4 billion baht (USD3.9 billion), led by projects in the medical and electric and electronics (E&E) sectors, as foreign direct investment (FDI) applications more than doubled.

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