Thai Baht continued gains against US dollar and the Euro today, as foreign investment flowed back into the capital market on optimism that the Euro zone debt crisis will be contained. Yesterday, foreign investors maintained the net-buyer position, with purchases outpacing sales by Bt3.4 billion. To date this month, the net-buy positions totalled Bt23 billion. […]
Japan’s nuclear safety agency has raised the crisis level at the stricken Fukushima Daiichi nuclear power plant to 7, from the current 5. The agency told reporters on Tuesday that large volumes of radioactive substances that could affect human health and the environment are being released in a wide area. Level 7 is the highest […]
If Thailand is to minimise the risk of renewed demonstrations and violence, it needs to ensure that forthcoming elections are free and fair and that a legitimate government is formed without any interference from the elite establishment. Thailand: The Calm before Another Storm?, the latest briefing from the International Crisis Group, states that nearly a […]
BANGKOK, 29 March 2011 (NNT) – The Bank of Thailand (BoT) would gradually increase interest rates in a bid to control the current inflation within the kingdom, according to BoT Governor Dr Prasarn Trairatvorakul. Dr Prasarn stated that the government in the last 1-2 years was very concerned over national economic recovery due to the […]
Russians Dominate the BRIC Market into Thailand With the worldwide credit-related meltdown starting its third year of reduced spending by Westerners, the countries fairing the best in the short term are the countries with the cash economies now referred to by economists collectively as “BRIC.” The BRIC countries are Brazil, Russia ,India and China. Stories […]
Debt among civil servants is at an alarming level, explaining why many are tempted by the opportunity to take easy ‘tea money’ The financial status of Thai civil servants is becoming alarming. The National Statistical Office (NSO) recently reported that the level of debt among civil servants has risen sharply since 2006. The average debt […]
Thailand’s government has been urged to lift a state of emergency and drop terrorism charges against leaders of recent anti-government protests. The International Crisis Group (ICG) warned the “legitimate frustrations” of protesters were “being forced underground and possibly towards illegal and violent actions”. The decree has been in place since a bloody military crackdown on […]
The current political crisis in Thailand brings forth several assumptions regarding its emergence. The tumultuous historical background suggests numerous factors playing a role in the present breakdown in Thailand. By shedding light on the historical patterns of political evolution in Thailand, one can possibly help resolve the current conundrum of governance for the present and […]
