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Thai attempted suicide rates are on the increase

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Thai attempted suicide rates are on the increase | The Thaiger
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The Thai Department of Mental Health has released disturbing research showing the shockingly high rate of attempted suicides and pointing out the need for better education about depression and coping with stress.

The research indicates that about 53,000 Thais attempt suicide each year. That’s an average of more than six attempts per hour. Sadly, 4,000 will succeed in taking their own lives each year. The rate in 2018 was up to 6.11 attempts per hour, up from just 6.03 the year before.

The figures also indicate that the suicide rate in men is four times higher than women in Thailand and that the most vulnerable age is 35 for men and between 50-54 for women.

The report shows that depression, failed relationships, family issues and substance abuse are high on the list as causes for many of the attempted suicides.

Other high risk issues include serious financial problems, sudden loss and grief over loved ones, chronic medical conditions, elderly people worried about becoming a burden, chronic insomnia and people who have previously attempted suicide.

In the home, domestic violence, loss of self-control (loss of face) and bouts of alcohol abuse were also contributing factors that may lead to a suicide attempt.

The World Health Organisation reports that close to 800 000 people die due to suicide every year, which is one person every 40 seconds.

“Suicide is a global phenomenon and occurs throughout the lifespan. There are indications that for each adult who died by suicide there may have been more than 20 others attempting suicide.”

If you or anyone you know is in emotional distress, please contact the Samaritans of Thailand 24-hour hotline: 02 713 6791 (English), 02 713 6793 (Thai) or the Thai Mental Health Hotline at 1323 (Thai).

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Economy

US cuts Thailand’s tariff benefits after long-running pork dispute

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US cuts Thailand’s tariff benefits after long-running pork dispute | The Thaiger

Thailand’s duty-free privileges for US$817 million in exports with the US are to be revoked from the end of this year, according to US President Trump in an announcement yesterday. The President blamed a lack of progress in opening the Thai market to US pork products. Trump’s letter announcing the action follows more than 2 years of threats and negotiations with Thai officials over issues ranging from access to Thailand’s markets for US goods and the documented inadequate labour rights in the south east Asian nation.

Washington will now eliminate some tariff benefits for Thailand, accusing the country of failing to allow imports of pork from US producers.

US cuts Thailand's tariff benefits after long-running pork dispute | News by The Thaiger

GRAPHIC: Global pork production in 2020, by country (in 1,000 metric tonnes) – statista.com

The suspension of the Generalised System of Preferences access follows a suspension earlier this year on about $1.3 billion worth imports from Thailand, which once had such privileges for about US$4.4 billion in exports to the United States.

The US Trade Representative’s office said the list of products includes mango, pineapple, manicure kits, steel pipes and precious stones., auto parts, dried produce, tools, electrical products and aluminium kitchenware.

Writing to the House Speaker Nancy Pelosi, President Trump said… “I have determined that Thailand has not assured the United States that Thailand will provide equitable and reasonable access to its markets.”

GSP, Generalised System of Preferences, is a 70s-era program of US trade preferences for developing economies aimed at improving workers’ rights and access to broader markets.

“The US Trade Representative’s office also announced that it had closed other GSP eligibility reviews with no loss of benefits for Georgia, Indonesia and Uzbekistan. It also said new GSP reviews were opened for Eritrea based on concerns about workers’ rights.”

SOURCE: Reuters | VOANews | statista.com

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Economy

Dow and S&P 500 take a breath after an ugly week, tech stocks lead the way down

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Dow and S&P 500 take a breath after an ugly week, tech stocks lead the way down | The Thaiger

US stocks closed lower yesterday to end an ugly week downbeat with ‘uncertainty’ remaining the overwhelming sentiment. Tech stocks led the march downwards. The Dow Jones Industrial Average dropped in its biggest monthly collapse since March with investors reacting to rising Covid-19 cases in the US and Europe, peppered by nervousness ahead of next Tuesday’s US presidential election. The increased volatility forced all three major indexes seeing their biggest weekly declines since the worst of the coronavirus-inspired selloff 8 months ago.

The Dow fell around 157 points, to end near 26,502, according to preliminary figures, while the S&P 500 lost around 40 points, or 1.2%, to finish near 3,270. The Nasdaq Composite gave up around 274 points, or 2.4%, closing near 10,912. The Dow had a 6.5% weekly fall and a 4.6% monthly drop. Friday’s decline saw the Nasdaq negative for the month of October, falling 2.3%. The Nasdaq was down 5.5% for the week.

The Dow dropped more than 500 points at its session low with tech stocks – primarily Apple, Amazon, Alphabet and Facebook – leading the market decline.

A number of stocks were on the move, down, following a slew of earnings, including from the tech giants. Twitter sank more than 20% on slowing growth, while Exxon reported its 3rd straight quarter of losses.

Key moments yesterday…

  • Dow closed down 0.59% for its 5th negative day out of 6
  • S&P 500 closed down 1.21% for its 4th negative day in 5
  • Dow closed down 6.47% this week for its worst week since March 20
  • S&P closed down 5.64% this week for its worst week since March 20 when the S&P lost 14.98%
  • S&P closed down 2.77% this month for its second-straight negative month
  • Nasdaq closed down 5.51% this week for its worst week since March 20 when the Nasdaq lost 12.64%

Dow and S&P 500 take a breath after an ugly week, tech stocks lead the way down | News by The Thaiger

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Economy

Free Trade Agreement talks continue between Thailand and EU

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Free Trade Agreement talks continue between Thailand and EU | The Thaiger

Thailand is resuming trade talks with the European Union on the long-delayed Thai-EU free trade agreement. The 15th Thai-EU Senior Officials’ conference was held virtually between leading Thai and European trade officials this week. The push was on to have the Free Trade Agreement signed and sealed by the end of this year.

Discussions were held regarding the ongoing affects of the Covid-19 pandemic, the impact on Euro and Thai economies, the current political unrest in Thailand, the fight against Illegal Unreported and Unregulated fishing, promoting the protection of labourers and a commitment to strengthen ties between the Euro zone and Thailand.

The next step in the establishment of the FTA will be a forthcoming meeting on trade and investment in December.

The virtual meeting was represented by Sasiwat Wongsinsawat, the Director-General of the Department of European Affairs and the European Union’s Paola Pampaloni , the Deputy MD for Asia and Pacific Department at the European External Action Service.

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