Con­struc­tion set for Sino-Thai rail line

China Daily European Weekly - - BUSINESS - Bank­ing reg­u­la­tor to step up pro­tec­tion

Con­struc­tion of the Thai­land-China rail­way project from Bangkok to Nakhon Ratchasima, which will be fur­ther ex­tended to Nong Khai on the Thai-Lao bor­der in the fu­ture, will start in 2017, Chatchai Thip­suna­ree, per­ma­nent sec­re­tary of Thai­land’s Min­istry of Trans­port, said onMay 16. “We (Thai­land and China) are al­most done with the con­tract, 90 per­cent I will say, the con­struc­tion will start in this year for sure,” Chatchai told Xinhua News Agency. Thai Trans­port Min­is­ter Arkhom Termpit­taya­paisith says the rail­way project is of great im­por­tance to the na­tion, as it will con­nect Thai­land with neigh­bor­ing coun­tries. The Thai gov­ern­ment also plans to build a pub­lic-pri­vate part­ner­ship high-speed rail from Bangkok to Ray­ong to con­nect with the Thai­land-China rail­way project. China’s bank­ing reg­u­la­tor said on May 17 it will strengthen cy­ber­se­cu­rity pro­tec­tion at banks to pre­vent “dis­rup­tive sys­temic risk events” af­ter the glob­alWan­naCry “ran­somware” at­tack in­fected more than 300,000 com­put­ers in 150 coun­tries. The China Bank­ing Reg­u­la­tory Commission said in an emailed state­ment it has not re­ceived any ma­jor in­fec­tion re­ports from the coun­try’s banks on the cy­ber­at­tack. The at­tack had in­fected close to 30,000 Chi­nese or­ga­ni­za­tions by Satur­day evening, Chi­nese se­cu­rity soft­ware maker Qi­hoo said. But the spread of theWan­naCry worm in the coun­try ap­pears less ag­gres­sive than ini­tially feared, says an of­fi­cial at China’s cy­ber ad­min­is­tra­tor. CBRC also pledged to in­crease its own cy­ber­se­cu­rity man­age­ment and risk preven­tion ca­pa­bil­i­ties, and guide banks to con­duct mon­i­tor­ing,

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