Thailand's beloved King has passed away


His Majesty King Bhumibol Adulyadej passed away peacefully at Siriraj Hospital in Bangkok at 3.52pm on Thursday, the Royal Household Bureau(RHB) announced. His Majesty was 88 and would have turned 89 on Dec 5 this year. The ninth King of the Chakri Dynasty ascended to the throne on June 9, 1946 and was the world's longest-reigning monarch. People across the country celebrated the 70th year of his accession to the throne this year.

The government has set a mourning period of one year and all flags should be flown at half mast for 30 days from Oct 14, 2016 inorder to express public sadness at the passing of His Majesty King Bhumibol Adulyadej.

Thursday morning story :The general condition of His Majesty the King has not been stablised and royal doctors are prescribing medication to treat his symptoms. In the 38th statement, RHB said that on Tuesday, His Majesty's blood pressure dropped while his pulse and the levels of acid in the blood increased. The results of a blood test showed inflammation and abnormal functioning of the liver, so royal doctors prescribed antibiotics to treat the inflammation and took steps to reduce acidity in the blood. The royal doctors also used drugs to control his blood pressure, employed a ventilator and performed continuous renal replacement therapy (CRRT). According to the statement, His Majesty's general condition is not stable and royal doctors continue to closely monitor his condition.

The compound of the nation's first hospital was full with well-wishers who were praying for His Majesty the King ."His Majesty the King is the heart of Thailand".

( Excerpted from Bangkok Post by Anan Chatrupracheewin ) Accu Thailand

 
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Reform proposed for savings and credit cooperatives

The cabinet yesterday (8 March 2017) approved a reform plan for savings and credit cooperatives proposed by the Finance Ministry to make the system more transparent and efficient.

Kobsak Phutrakul, Assistant Minister to the Prime Minister's Office, said the reform plan will be based on directives of the Basel Committee on Banking Supervision (Basel I).
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ACCU conducted the representatives of NATCCO to visit FSCT.


On April 26, 2017 – The 9 representatives from Association of Asian Confederation of Credit Unions (ACCU) and National Confederation of Cooperatives from Philippines (NATCCO) visited and discussed about FSCT’s information on structure,
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Padmawati SACCO visited Thailand.


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A mission team from International Monetary Fund (IMF) visited the Federation of Savings and Credit Cooperatives of Thailand Limited (FSCT)


The delegates from Bank of Thailand (BOT) and the mission team from IMF, completely 7 individuals, visited FSCT’s office on February 21, 2017.
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The representatives from FSCT attended WOCCU’s Technical Workshop 2016.


On December 1-2, 2016, FSCT’s representatives compose of Pol.Lt.Gen. Mongkol Kamolbutra, Vice President and Miss Sasimas Punnarat, Secretary and 3 staffs participated in WOCCU’s Technical Workshop 2016 at Rembrandt Hotel - Bangkok, Thailand on the theme “Technology Based Strategies for Growth”
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FSCT delegations looked up Credit Union League of Hong Kong (CULHK)


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FSCT heartily welcomed Myanmar Exposure Group on December 6, 2016 at FSCT Headquarter.


FSCT delegations consist of Pol.Lt.Gen. Mongkol Kamolbutra and Dr. Somnuk Boonyai, FSCT Vice President, Secretary and General Manager provided the heartily welcome and reception to Myanmar Exposure Group of 10 persons for a study visit at FSCT on December 6, 2016. The purpose of this visit is to set up and operate the Federation of CUs in Myanmar.
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Vietnam Association of People’s Credit Funds (VAPCF) visited FSCT


FSCT’s General Manager and related staffs greeted and welcomed 31 cooperative leaders from Vietnam Association of People’s Credit Funds (VAPCF) for a study visit at FSCT on November 28, 2016. Their objectives are to learn about savings and credit cooperative movement and management, and also exchange the ideas and information on cooperative business.
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FSCT held the international cooperative study visit for Board of Directors, Advisors and Supervisors 2016


FSCT Vice President consists of Pol.Lt.Gen. Mongkol Kamolbutra, Dr. Samakkee Detkla, Dr. Somnuk Boonyai and Mr. Chaiyut Massupong led and conducted Board of Directors, Advisors, Supervisors and Staffs, totally 29 persons for the international cooperative study visit from November 18-25, 2016 in Italy and Switzerland.
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FSCT’s Board of Directors and Supervisor attended ACCU Forum and AGM 2016


Association of Asian Confederation of Credit Unions (ACCU) conducted ACCU Forum and AGM 2016 during 8-11 September 2016 at ORAKAI Songdo Park Hotel, Incheon in Republic of Korea.
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The international cooperative study visit for FSCT’s Board of Directors, Advisors and Supervisors


Mr. Anek Nakdilok, Mr. Chumphon Khampa and Dr. Wiwut Daengsubha (Vice President of FSCT) led Board of Directors, Advisors, Supervisors and Staffs, totally 29 persons for the international cooperative study visit from March 6-15, 2016 at Federal Republic of Germany, Republic of Austria, Slovak Republic, Republic of Hungary and Czech Republic.
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The Federation of Savings and Credit Cooperatives of Thailand Limited (FSCT)
199 Moo 2, Nakhon in Road, Bang Si Thong Subdistrict, Bang Kruai District, Nonthaburi Province, 11130
Tel: (+66) 2496 1199 Fax: (+66) 2496 1177 , (+66) 2496 1188  E-mail:
contact@fsct.com