Search Results for: rice-pledging scheme
- Phuket News
Phuket residents close accounts in protest of massive loan for rice-pledging scheme
PHUKET: Phuket residents flocked to several branches of the Government Savings Bank (GSB) today to withdraw money and close accounts after the bank lent 20 billion baht to the Bank for Agriculture and Agricultural Cooperatives (BAAC) on Sunday.“Monday is always a busy day, since it is the first of the week. However, we admit that 10 per cent of our…
- Thailand News
Thai government’s digital wallet scheme under scrutiny
The Thai government’s digital wallet policy, specifically the planned usage of funds from the Bank for Agriculture and Agricultural Cooperatives (BAAC) to support the initiative, will continue to be scrutinised by the National Anti-Corruption Commission (NACC). The agency has previously raised concerns about potential corruption and legal risks linked to the 10,000 baht distribution scheme and will observe the government’s…
- Thailand News
Upcoming super app to integrate with digital wallet scheme
The up-and-coming super app, designed for the 10,000-baht digital wallet scheme, is slated to seamlessly integrate with existing banking applications on users’ smartphones, as per Deputy Finance Minister Julapun Amornvivat’s statement. This application, which has been developed in partnership with the Ministry of Digital Economy and Society (DES) and the Digital Government Development Agency (DGA), is designed to optimise the…
- Thailand News
Thai government’s digital wallet scheme faces legality verification
The Government of Thailand‘s plan to partially finance its 500-billion-baht digital wallet handout scheme through a 172.3 billion baht loan from the Bank of Agriculture and Agricultural Cooperative is set to undergo legality verification by the Council of State. The announcement was made by Prime Minister Srettha Thavisin, who also stated that the government will seek advice from its legal…
- Thailand News
NACC accuses former ministers of fabricating G2G rice scheme
PHUKET MEDIA WATCH – Thailand news selected by Gazette editors for Phuket’s international community NACC accuses former ministers of fabricating G2G rice scheme The Nation / Phuket Gazette PHUKET: Claims of rice stockpiles being sold through government-to-government (G2G) scheme by the Yingluck Shinawatra administration were “total lies”, National Anti-Corruption Commission (NACC) member Vicha Mahakhun told members of the National Legislative…
- Thailand News
B682bn lost to rice scheme, B1.1trn in a decade
PHUKET MEDIA WATCH – Thailand news selected by Gazette editors for Phuket’s international community B682bn lost to rice scheme, B1.1trn in a decade The Nation / Phuket Gazette PHUKET: Rice-pledging programmes have recorded an accumulated loss of Bt682 billion over the past decade, against total spending of as much as Bt1.1 trillion, the Finance Ministry disclosed yesterday. The figures cover…
- Thailand News
Phuket Gazette Thailand News: Farmers maintain blockades; Student tablet scheme fails; Thai in mysterious South African death
PHUKET MEDIA WATCH– Thailand news compiled by Gazette editors for Phuket’s international community Defiant farmers maintain blockades, draw up petition The Nation / Phuket GazettePHUKET: While one group of rice farmers today brings tractors and trucks to rally outside the Commerce Ministry in Nonthaburi – to pressure for long overdue payments from the rice-pledging scheme – another group from the…
- Thailand News
Phuket Gazette Thailand News: 5 Thais killed in Lao Airlines crash; Ministers defend rice-pledging loss; DSI presses for charges in police station fiasco
PHUKET MEDIA WATCH – Thailand news compiled by Gazette editors for Phuket’s international community 5 Thais among 49 killed in Lao Airlines crash The Nation / Phuket Gazette PHUKET: Five Thais were among 49 passengers and crew killed when a twin-engine Lao Airlines plane plunged into the Mekong River yesterday as it attempted to land at an international airport in…
- Thailand News
Army general tops polls in national Senate election
The Election Commission (EC)’s vote counting began at 9.40pm yesterday and concluded around 5am today, revealing the biggest political surprise of the year. With 2,989 candidates vying for seats, the new Senate will comprise 200 members from 20 professions, replacing the 250 junta-appointed senators whose term expired on May 10. Former 4th Army Region Commander General Kriangkrai Srirak, a classmate…
- Thailand News
Rice to the occasion: Decade-old rice sold for a steal
V8 Intertrading Ltd from Kamphaeng Phet Province triumphed in the high-stakes bid for 15,000 tonnes of decade-old jasmine rice. This controversial stock, a remnant of Yingluck Shinawatra’s scandal-ridden rice-pledging scheme, has been secured by V8 Intertrading for an astounding 286 million baht, averaging 19.07 baht per kilogramme. The Thai Rice Mills Association yesterday listed the price of 100% jasmine rice…
- Thailand News
Seven bidders cleared for auction of 15,000 tonnes of rice
Seven potential bidders have been cleared to participate in the auction of 15,000 tonnes of rice remaining from the Yingluck Shinawatra administration’s rice-pledging scheme. Deputy Prime Minister and Commerce Minister Phumtham Wechayachai yesterday confirmed that the auction for this last stockpile will proceed as planned on June 17. Eight companies showed interest and submitted documentation to verify their qualifications earlier…
- Thailand News
Would you eat 10 year old rice? Activist demands court intervention
Prominent solo activist Srisuwan Janya approached the Central Administrative Court, seeking an urgent suspension of the Commerce Ministry’s plan to auction off approximately 15,000 tonnes of rice from the scandal-tainted rice pledging scheme of the Yingluck Shinawatra government. In his court petition, Srisuwan highlighted the concerns of numerous rice experts who oppose the auction. They argue that rice stored for…
- Thailand News
Thailand govt to auction decade-old stash after safety check
Thailand’s government will move forward with plans to auction off rice from Yingluck Shinawatra’s pledging scheme, stored in two Surin warehouses for a decade, following a laboratory test confirming its safety for consumption. Deputy Prime Minister and Commerce Minister Phumtham Wechayachai, currently in Italy, announced that a private laboratory’s tests on samples from the Surin warehouses revealed no aflatoxins or…
- Thailand News
Thai govt plans to ‘rice’ to the occasion with decade-old grain auction
The Thai government expressed a strong intent to auction off the last remaining stocks of decade-old rice. This move is in line to replenish the state coffers, as made clear by Deputy Prime Minister and Commerce Minister Phumtham Wechayachai, in a recent Facebook post. The aged rice in question is part of the controversial rice-pledging scheme initiated during the administration…
- Thailand News
Thailand to test decade-old rice stockpile for safety
The Government of Thailand confirmed that it will conduct lab tests on a decade-old rice stockpile to ascertain its safety for human consumption. This rice, a remnant from the tenure of ex-Prime Minister Yingluck Shinawatra, has been stored in Surin warehouses. Prime Minister Srettha Thavisin assured this move in response to public demand for an official inspection of the rice…
- Thailand News
Military’s risky rice plan revealed
Thailand’s Defence Minister Sutin Klungsang unveiled a bold plan regarding the nation’s rice surplus, promising to purchase rice stored under a contentious scheme. Responding to the alleged disclosure by Deputy PM and Commerce Minister Phumtham Wechayachai, Sutin confirms that a portion of the 15,000-tonne rice stockpile could be destined for the bellies of military personnel. Sutin addressed concerns about oversupply.…
- Thailand News
Ricegate scandal: 10 year old rice stockpile unsafe for consumption
The Thailand Consumers Council (TCC) demanded rigorous quality and safety checks for a colossal 15,000 tonnes of jasmine rice, stockpiled since 2014 under the controversial rice-pledging scheme. The council, joined by an academic from Chiang Mai University, fears the rice may be laced with harmful chemicals, rendering it unfit for human or animal consumption. Deputy Chief of the TCC’s policies…
- Thailand News
Grain gamble: Decade-old rice from Surin warehouses still fresh
Stored for over a decade, rice from the warehouses in Surin, dating back to Yingluck Shinawatra‘s term in office, has been confirmed to be in good condition. Commerce Minister Phumtham Wechayachai, gave an assurance of the rice’s quality and announced that a bidding process for it is scheduled for next week. Phumtham, along with representatives from the private and public…
- Thailand News
Shinawatra saga: Yingluck’s comeback fuels legal limelight
Former Prime Minister Yingluck Shinawatra’s potential return from exile sparks intrigue over her legal fate, mirroring her brother Thaksin’s tumultuous history, claims the Shinawatras’ lawyer. Pichit Chuenban, a figure linked to Prime Minister Srettha Thavisin’s Cabinet due to his close allegiance to the Shinawatras, responded to speculation about Yingluck’s comeback. “I really don’t know. I’m only taking care of her…
- Thailand News
Concerns raised over legality of govt’s digital wallet borrowing plan
The Bank for Agriculture and Agricultural Cooperatives’ (BAAC) labour union raised concerns about the government’s plans to borrow 172.3 billion baht (US$4.7 billion) from the bank to fund a digital wallet handout scheme. The union is questioning the legality of this plan and has sought guidance from the State Enterprise Policy Office, the Bank of Thailand, and the Council of…
- Thailand News
Thai entrepreneurs make record-breaking sales at Japan food expo
Fifty Thai entrepreneurs showcased their culinary prowess at the Foodex Japan 2024 exhibition held in Tokyo from March 5 to 8. The Department of International Trade Promotion (DITP) revealed that the response from Japanese buyers was so overwhelming that sales soared to nearly 2.5 billion baht. Chanthapat Panjamanond, Thailand’s commercial attaché in Tokyo revealed that orders for Thai food products…
- Thailand News
ACT report exposes a decade of corruption involving politicians in Thailand
The Anti-Corruption Organisation of Thailand (ACT) recently published a report detailing graft cases involving politicians over the past decade. The most significant financial loss, amounting to 130 billion baht, was caused by the rice-pledging scheme. The report studied 61 cases involving a total of 68 politicians, analysing media coverage, investigations by the National Anti-Corruption Commission, and rulings by the Supreme…
- Politics News
Thai PM – “I will stay on as long as the law allows”
“I will stay on as long as the law allows. I am bound by the law, and cannot do anything at will.” Words from Thailand’s PM, Prayut Chan-o-cha yesterday, vowing that he will only stay on in the top job whilst the law allows him too. He also reminded reporters that there are two organic laws regarding elections in Thailand…
- Covid-19 News
Former Thai PM Thaksin says lock-down was not the way to deal with Covid-19
Former, and currently fugitive, PM Thaksin Shinawatra says he believes the lock-down introduced in Thailand to stop the spread of the Covid-19 virus was not the way to go. He maintains current restrictions are hurting the economy and their introduction was a mistake. Nation Thailand reports that Thaksin was speaking to BBC Thai when he criticised the measures put in…
- Thailand News
Yingluck flies to Dubai – “Dubai flight was pre-planned”
“Yingluck reportedly flew from London on Wednesday, just a day after the media reported the Thai government’s extradition request to the UK government.” Former PM minister Yingluck Shinawatra’s flight from London to Dubai on Wednesday had nothing to do with the Thai government’s extradition request to the UK. This explanation from a Pheu Thai Party member yesterday. The flight was…
- News
Time to make her move
By Somroutai Sapsomboon It has been almost six months since former PM Yingluck Shinawatra fled the country, just before a court verdict in a criminal case that stemmed from her government’s corruption-plagued rice-pledging scheme. She has lived in seclusion overseas for months until, shortly before the New Year, she was spotted in public in London. Just last week, Yingluck was…
- News
Thaksin and Yingluck in Japan – Deputy PM
Deputy PM, Defence Minister and luxury watch enthusiast, General Prawit Wongsuwan, says that former PMs Thaksin and Yingluck Shinawatra are currently in Japan. Without further elaboration, Prawit added that he has ordered responsible agencies to look into the matter. He was speaking in Vientianne during his official visit to the country at the invitation of Lao government. Photos of Thaksin…
- News
The man who uncovered the watch scandal
The wristwatch scandal undermining the government can be credited to one man who wrote posts on his “investigative” website about all the 25 luxury watches allegedly worn by Deputy Premier and Defence Minister Prawit Wongsuwan in recent years. The online portal CSI LA provided convincing information that led to public uproar, including photos of Prawit wearing the watches alongside details of…
- News
SUNDAY HEADLINES – All your local news in 3 minutes
Some rain overnight around the island and more of the sun/cloud/light winds predicted over the next week. Just like last year, the ‘usual’ high-season weather isn’t arriving in 2018. Here are today’s main news stories… Four crew drown after shipping incident in the Gulf Four crew from a Thai fishing boat have drowned after it was hit and sunk by…
- News
SUNDAY MORNING NEWS BRIEFING – All your local news in 3 minutes
Last day for 2017. But it’s the middle of the ‘Seven Days of Danger’ and the road carnage continues despite an all out effort of Thailand’s police to stem the flow. Not surprisingly, drunk-driving is still the leading cause of deaths on our roads. PLEASE be safe tonight, make arrangements ahead of time for your safe return home after celebrations.…
