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Opposition criticises Government for unnecessary borrowing

Maya Taylor

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Opposition criticises Government for unnecessary borrowing | The Thaiger
PHOTO: Thai opposition chief whip Suthin Klangsaeng - Thai PBS World
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The Pheu Thai opposition party is calling on the government to look to existing funds first before attempting to borrow a trillion baht from as-yet-unnamed sources. Opposition chief whip Suthin Klangsaeng was participating in the last day of the debate on three government decrees concerning the country’s finances.

A Thai PBS World report says the government is under fire for still not disclosing how it plans to borrow one trillion baht. Opposition parties say the public should be kept informed about such decisions, given that they will be paying the price for such significant borrowing for a long time into the future. Meanwhile the Thai PM Prayut Chan-o-cha has asked the Thai public to trust him and his government to acquire and handle the money with the interests of the Thai people at heart.

The opposition’s Suthin points to neighbouring countries such as Cambodia, Laos and Vietnam as examples of nations that have not had to resort to borrowing huge amounts of money in the wake of the Covid-19 pandemic. He acknowledges that Thai people need help as a result of the significant blow to the country’s economy but insists funds should be allocated from the government’s existing reserves. He says with some reshuffling of existing spending plans, the government could potentially reduce the amount of money it needs to borrow by as much as 15%.

Suthin also questions the government’s motivation in borrowing the money, accusing it of wanting to inject cash into the economy to drive spending, as opposed to compensating the small to medium businesses that have been so severely impacted by the impacts of the Covid-19 lockdowns.

SOURCE: Thai PBS World

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1 Comment

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  1. Avatar

    ken jones

    June 1, 2020 at 11:12 am

    The un elected goveement has no skin in the game it’s that simple. Tehy are being paid living like elite people. They will borrow all they need for one reason and 1 reason only. To stay in Power. It’s that simple. They will do anythng to appease now the people so there will be no uprising .

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Economy

US ambassador meets deputy PM to discuss Thailand’s “great investment potential”

Jack Burton

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US ambassador meets deputy PM to discuss Thailand’s “great investment potential” | The Thaiger
PHOTO: Nation Thailand

US Ambassador to Thailand Michael George DeSombre, who raised eyebrows in May when he described the US as “a better friend than China,” has praised the kingdom’s “great investment potential”, highlighting the expansion of current projects and further support for industry as ways to promote further cooperation. Deputy PM Somkid Jatusripitak welcomed the ambassador to the open discussion amongst key trade officials.

The US Ambassador chose not to wear a facemark during the visit.

The DPM and the ambassador discussed cooperation between the 2 nations, to help strengthen the economies of both countries and promote more US investment in Thailand. The ambassador says Thailand has huge potential and suitability for US companies to invest, especially as part of the supply chain of the South East Asia region.

Somkid says DeSombre is enthusiastic about the development of mutual economic relations, revealing that the ambassador proposed ideas on what industries should receive more support from both sides.

The ambassador expressed confidence that Thailand will become a technological hub in the region, with immense growth potential in the manufacturing and service sectors, as well as stock exchanges that could connect to Hong Kong and Shenzhen.

“Thailand provides excellent medical services, an area which could be expanded to reach more clients and patients…. related agencies are ready to develop mutual exchange packages through the Board of Investment, to promote competitiveness and attract investment.”

The DPM said Thailand doesn’t need standalone investment from individual companies, but rather demands investment packages, which the ambassador says he’ll be proposing soon.

Somkid also stressed that he’s still working on the country’s domestic and international economic affairs, while declining to comment regarding the recent political developments in ruliing Palang Pracharath Party.

Thailand’s economic ministers will meet on Friday to discuss 2 main economic packages.

US ambassador meets deputy PM to discuss Thailand's

SOURCE: NNT

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Thailand

Thai PM expresses concern over “travel bubbles”

Jack Burton

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Thai PM expresses concern over “travel bubbles” | The Thaiger
PHOTO: Khaosod English

PM Prayut Chan-o-cha has expressed serious concerns about the resumption of international travel under the “travel bubble” scheme, stressing that Thailand must implement a vigorous arrivals screening protocol. The scheme is a proposed limited resumption of international travel to and from countries with a reciprocal agreement.

The Thai government has indicated it has taken a risk-averse stance with future Covid-19 legislation after largely getting the local outbreak under control in late May, early June. There hasn’t been a locally transmitted case in Thailand for 40 days.

Prayut discussed the proposed scheme with the media, saying Thailand must be prepared to allow the resumption of some international travel, with the other countries involved to be carefully considered, and adding that a full agreement must be reached, to ensure compliance with public health measures at the national level.

The PM says the government is concerned about the prospects of international aviation and the country’s external revenue.

During this long weekend, the Ministry of Finance expects up to 10 billion baht in cash flow from domestic economic activities. The PM says Thais are now making more domestic trips, with many hotels reporting a slow return of customers, thanks to the further easing of Covid-19 restrictions. But tourist locations, like Pattaya and Phuket, remain quiet due to their popularity with foreign visitors.

The PM stressed that all businesses “must remain strict with their precautionary measures in order to minimise the risk of a new outbreak of the virus”.

SOURCE: Press Release from Thai National News Bureau

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Thailand

Major international retailers banning monkey-picked coconuts – VIDEO

Jack Burton

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Major international retailers banning monkey-picked coconuts – VIDEO | The Thaiger
PHOTOS: The Culture Trip

Allegations of animal abuse are prompting major Western retailers to pull Thai coconut products from their shelves, amid accusations that the coconuts are picked by monkeys treated inhumanely. People for the Ethical Treatment of Animals claim monkeys are snatched from the wild and trained to pick up to 1,000 coconuts a day. The animal rights group says pigtailed macaques are treated like “coconut-picking machines”.

PETA claims monkeys are used by farms supplying 2 of Thailand’s best known coconut milk brands: Aroy-D and Chaokoh, which are exported to many countries, including Europe and the US.

“Following PETA Asia’s investigation, more than 15,000 stores will no longer purchase these brands’ products, with the majority also no longer buying any coconut products sourced from Thailand monkey labour.”

The BBC reports that in the UK, major retailers Waitrose, Ocado, Co-op and Boots are pledging to stop selling some coconut products from Thailand.

“Our own-brand coconut milk and coconut water does not use monkey labour in its production and we don’t sell any of the branded products identified by Peta. We don’t tolerate these practices and would remove any product from sale that is known to have used monkey labour during its production.”

The Morrisons chain said it has already removed products made with monkey-picked coconuts from its shelves. Sainsbury’s, the UK’s second largest grocery chain, told the BBC…

“We are actively reviewing our ranges and investigating this complex issue with our suppliers.”

A PETA statement says it has found 8 farms in Thailand where monkeys are forced to pick coconuts for export around the world. Male monkeys are reportedly able to pick up to 1,000 coconuts a day; it’s thought that a human can pick about 80.

“Other coconut-growing regions, including Brazil, Colombia and Hawaii, harvest coconuts using humane methods such as tractor-mounted hydraulic elevators, willing human treeclimbers, rope or platform systems, ladders, or they simply plant dwarf coconut trees.”

The group says it’s also discovered “monkey schools,” where the animals are trained to pick fruit, as well as ride bikes or play basketball to entertain tourists.

“The animals at these facilities, many of whom are illegally captured as babies, displayed stereotypic behaviour indicative of extreme stress. Monkeys were chained to old tyres or confined to cages that were barely large enough for them to turn around in.”

“One monkey in a cage on a lorry (truck) bed was seen frantically shaking the cage bars in a futile attempt to escape, and a screaming monkey on a rope desperately tried to run away from a handler.”

SOURCE: Bangkok Post

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