Bangkok Post – ‘Huge losses’ loom
There is increasing worry the government will lose billions over its policy of buying rice at a high price and then selling to the world at market prices.
Bangkok Post – Southern strategy
The army chief estimates there are 9,000 armed insurgents and sympathisers in the South – and says the way to beat them is to bring them to justice.
The Nation – Mae Sot declared disaster zone after Moei River breaks banks
Vendors in Tak’s Mae Sot district were forced to suspend business yesterday when the Moei River burst its banks following days of heavy rain.
Bangkok Post – PTT profit off 74%
PTT Plc, Thailand’s biggest company, said that its net profit declined 74% in the second quarter from the same period last year after lower crude oil prices slashed contributions from its energy and refinery units.
The Nation – Road accident victims to get hospital treatment regardless of insurance
Victims of car accidents will be treated by hospitals automatically whether they have insurance or not, the Finance Ministry said.
Bangkok Post – BoT seeks more yuan bonds
The Bank of Thailand wants to increase its holdings of Chinese government bonds in Hong Kong, having already used its onshore investment quota, as record-low interest rates depress yields in the US and Europe.
Bangkok Post – And now, for gold
Kaew Pongprayoon of Kamphaeng Phet dispatched Russian opponent David Ayrapetyan on Friday night (Thailand time) to put himself in the running to win Thailand’s only gold medal of the London Olympics..
bbc.co.uk – Chinese murder ‘due to breakdown’
Gu Kailai, the woman tried for killing Briton Neil Heywood, admits murdering him and blames a mental breakdown, Chinese state media say.
bbc.co.uk – S Korean visit to disputed islets
South Korea’s president visits islands also claimed by Japan, in a move that raises diplomatic tensions.
news.com.au – At least 10 dead in dam collapse in China
At least 10 people are dead and more are missing in Eastern China after Typhoon Haikui brought torrential rain.
bbc.co.uk – Vast volcanic ‘raft’ in Pacific
A vast “raft” of buoyant volcanic rocks covering 10,000 sq miles (26,000 sq km) of the Pacific Ocean is spotted by a New Zealand military aircraft.
bbc.co.uk – School sports move to be unveiled
Competitive team sports will be made compulsory for all primary school children in England, David Cameron is to announce.
bbc.co.uk – UK ticket wins £148m Euromillions
One UK ticket-holder wins Friday’s £148m Euromillions jackpot, Camelot confirms, becoming the second biggest UK winner.
bbc.co.uk – London set for Olympics finale
London is gearing up for the final weekend of the Olympics, with crowds set to line the streets for the race walk and men’s marathon, ahead of Sunday night’s closing ceremony.
news.com.au – Serial attacker sows terror in French area
A sting of attacks on girls at campsites in a popular wilderness area in France has sparked terror, as police say they have arrested a suspect.
bbc.co.uk – Juventus boss given 10-month banAntonio Conte
Juventus coach Antonio Conte is banned for 10 months after an investigation into match-fixing claims in Italy.
news.com.au – Storm Ernesto kills two in Mexico
Ernesto killed two people in southeastern Mexico, officials say, with the weakening storm threatening more heavy rain and possible flooding.
bbc.co.uk – Aleppo clashes spark refugee rise
Syrian civilians are fleeing the embattled city of Aleppo in increasing numbers, the UN says, amid a lull in fighting between rebels and government forces.
news.com.au – Obama takes clear lead in election race
Barack Obama is ahead nationally and in most of the dozen swing states that will decide the November 6 election.
news.com.au – US ‘has eyes’ inside Iran nuclear program
In remarks seemingly aimed at Israel, the United States said Friday it had “eyes” and “visibility” inside Iran’s nuclear program and would know if Tehran made a “breakout” towards a nuclear weapon.
bbc.co.uk – Sharp corn price rises forecast
The US Department of Agriculture slashes its forecasts for corn production and predicts sharp price rises, due to a drought and heatwave.