Elsewhere in finance, 22 banks came together for a blockchain Letters of Guarantee group for trade finance. And finally, there is the burden of a potential no-confidence vote in case dissent against the government grows. Working Thailand’s way out of the middle-income trap will remain his ministry’s overarching priority, he added. The Bank of Thailand is already feeling the pressure to cut rates and paired with a worsening drought throughout the Mekong region threatening exports further, analysts say … Explore more on Thai Government. Rumors of the J-15's unreliability have been greatly exaggerated. More recently, it honed in on significant risk areas such as tax refunds for oil exporters. Eventually, it will add additional distribution channels, including bank branches, ATMs and mobile banking. for Us, analysts say fiscal policy must move decisively, National Anti-Corruption Commission last December, already noted issues with the Prime Minister’s behavior. Power, Crossroads The cabinet, which was finally named early July after weeks of slow deliberations, is ready to answer the call. Thailand’s economic woes, particularly slowing growth and an aging workforce, was, as expected, the area of focus. Anti-government protesters hold up a three-finger salute (a sign of dissent in Thailand) near the Grand Palace in Bangkok. ... which has issued 10 demands for monarchy reform, was attended by … While few expected Prayut to dramatically reform to a democratic leader post-election, his inability to withstand criticism, let alone learn from it, will undermine his lofty goals of economic stability for all Thais. the Royal Thai Government (RTG), with particular emphasis upon the issues likely to be of greatest interest to international donors such as the Asian Development Bank (ADB). Vocal debates over the policy agenda, which saw the opposition criticize much of it for being unimplementable and doubting the government’s ability, saw Prayut crack. “Environment current issues include: air pollution from vehicle emissions; water pollution from organic and factory wastes; deforestation; soil erosion; wildlife populations threatened by illegal hunting” (Thailand Environment issues). Asia, South In his first major parliamentary outing as elected Prime Minister of Thailand, former junta chief and coup leader, Prayut Chan-o-cha, has laid out what Thais can expect from the first term of their new government. The pandemic has highlighted India’s extreme income inequality -- and will mostly likely worsen it. June 16, 2020. by Ledger Insights. Longtime junta critic Pravit Rojanaphruk has already noted issues with the Prime Minister’s behavior in a commentary in a local media outlet. Regardless of whichever political camp manages to form the government, it will face a difficult task to boost the Thai economy amid the internal and external challenges. With demand expected to skyrocket from the healthcare sector, and possibly eventually tourism, cannabis crop could be an alternative to traditional choices. Click here to subscribe for full access. Popular presidential elections can serve to increase fragmentation, weaken political parties, and promote polarization, putting democracy at risk. Get briefed on the story of the week, and developing stories to watch across the Asia-Pacific. 4.3 The Royal Thai Government adheres to its international obligations and bilateral agreements with Cambodia. It is home to virtually all government ministries and functionaries. Thailand's youth were among thousands on the streets of Bangkok last week in one of the biggest anti-government protests the capital has seen in years, despite a … Prayut’s reference to a George Orwell classic has served as yet another front for criticism against the government given its past record and the country’s current state. The Thai government, however, also issued on October 16, 2020 an order to ban four independent media outlets and a Facebook page from generating and broadcasting any news content under the premise that … Ironically it’s this, rather than opposition chiding, which will see his policy platform perform flatly. Asia, Southeast Defense, China Its many problems have raised the issue of moving the nation's capital elsewhere, especially given the example of Indonesia's plans to move its capital from Jakarta. W5936 The Government will inform the public of the afore-mentioned proposals and facts at the earliest opportunity. Bangkok is overcrowded, polluted, sinking, and traffic-congested. © 2021 Diplomat Media Inc. All Rights Reserved. While he was cleared by the National Anti-Corruption Commission last December after saying the watches are all gifts, his continued political career casts serious doubts about Prayut’s promise to root out corruption in the civil service. Thai government about to issue blockchain savings bonds to public. The country is also very active in using blockchain to combat VAT fraud, which it started exploring two years ago. The overarching goal of the CPF is to support Thailand’s transition to an innovative, inclusive and sustainable economy. A former army official, Prawit shot to international notoriety last year over questionable ownership of watches worth thousands — despite a modest military paycheck. Asia, Pacific Farmers, too, expect a boost. The first documented contact between the United States and Thailand was recorded in 1818. As a new government takes shape, the issues that lie ahead for it are quite familiar. A welfare card program has previously rolled out to assist the elderly but will widen its net to include underprivileged children and pregnant women. A key feature of these efforts is strong centralized political support, including the Prime Minister’s support for, and announcement of, Thailand’s Digital Government Plan 2017-2022. Voices from the ground tell stories of mismanagement, neglect, and apathy. Prior to the 1980s the political process in Thailand was usually controlled by elites whose power was derived from the military. The ability to issue and trade securities in smaller amounts is a common tokenization benefit because of the lower costs of distribution. Nine months ago, the Thailand Bond Market Association announced it would adopt blockchain for bond registration with additional projects on the cards. Like many Asian countries, Seoul is having troubling sourcing vaccines. The Thai government particularly has been a leader in enacting ICT-enabled transformation of government; many initiatives have been developed, including the recent notion of ‘e-Government 4.0’. For the last several months, Thailand has been witnessing pro-democracy demonstrations with protesters demanding that the monarchy be reformed … Here are some of the issues that the economic team of the new government would have to … Thailand’s Public Debt Management Office intends to conduct a small savings bond issue of 200 million baht ($6.43 million) as a trial of blockchain-based savings bonds, the Bangkok Post reported. The CPF supports Thailand’s 20 Year National Strategy (2017-2036) that focuses on key economic and social reforms to end poverty and boost shared prosperity. The U.S.-Thai alliance benefits both our nations and supports peace and prosperity in the Indo-Pacific. Other questions about how former junta players will perform under even the lightest of democratic and parliamentary scrutiny linger. And there are several trade oriented blockchain projects being explored, including with NTT, OneConnect, and TradeLens. 2) The rank that you see is the CIA reported rank, which may have the following issues: Buddhist religion, the monarchy and the military have helped to shape … Elsewhere, the choice to keep Prawit Wongsuwan in cabinet as a deputy prime minister is a puzzling one. All suggestions for corrections of any errors about Thailand Transnational Issues 2020 should be addressed to the CIA or the source cited on each page. It has six objectives: The card program offers public transportation subsidies and other benefits in an effort to even out income inequality between the rural poor and middle class, urban-dwelling Thais. Find Thai Government Latest News, Videos & Pictures on Thai Government and see latest updates, news, information from NDTV.COM. Thailand has had universal suffrage since 1932, and the minimum voting age is 18. Thailand's student movement has reignited, as young people across the country defy threats from the military-backed government to take to the … Asia, Asia Bangkok, a metropolis of more than 10 million inhabitants, has been called the "world's most primate city". Enjoying this article? Follow @LedgerInsights The idea is not new: two decades ago, the Thaksin Shinawatra administration assigned the Office of the National Ec… After the much-awaited general election, finally, there are signs that Thailand may soon have a new government. Economic issues for new Thai government As of press time, political parties from both sides are racing to sign up coalition partners. He outlined a push to improve the sluggish welfare system and expand upon measures introduced during junta rule. Central bank responses are being closely watched by analysts and investors, but the impact is already being felt in the country’s huge tourism sector with operators warning of dwindling visitor numbers. Physical documents also make lower denominations inconvenient. The Federation of Thai Industries (FTI) has urged the government to issue strict lockdown measures in the high-risk and red-zoned areas of Covid-19 infections in Thailand, and provide public remedial measures and financial assistance to recover economic growth. Thailand’s public debt management office (PDMO), part of the country’s finance ministry, is set to issue savings bonds to the general public via blockchain. “The military is not behind any … Still, with many familiar faces in the freshly-named cabinet and the premier’s fiery disposition on show, there’s little room for optimism. Thailand is the only country in south-east Asia to have escaped colonial rule. No claims are made regarding the accuracy of Thailand Transnational Issues 2020 information contained here. Regardless of … View, About Us, Write In Thailand, the youth-led pro-democracy movement is showing no signs of retreat despite the latest state of emergency decree banning public gatherings of more than four people. An interview with Gary Bauer, commissioner of the U.S. Commission on International Religious Freedom. Greater support has been promised via training, and many of the poorest agricultural families could presumably be covered more extensively by the welfare push. Now facing opposition figures in the parliament regularly his ability to perform under pressure should be closely watched. An emergency recess was at one point called after the leader left the chamber in a huff. Hong Kong is one of the easiest places in the world to get a vaccine and access to public health services. The first agreement signed with Thailand was the 1833 Treaty of Amity and Commerce. Speaking in Tokyo, Finance Minister Uttama Savanayana said “the government will consider packages of economic activities that will be suitable for the next coming months, depending on the situation.” Pointing to the US-China trade war, Uttama added that predictions of growth reaching up to 6 percent annually he made during the campaign period are unlikely to come quickly to fruition and instead will focus on structural reform with long-term goals. A soaring baht will be of major concern to the new government. It will also emphasize Thailand’s commitment and efforts to resolve the situation peacefully through dialogue. Amidst a spike in new cases, the country is tightening restrictions in the hopes of repeating its 2020 successes against the virus. Prayut’s agenda-setting address to the parliament late July had few surprises. Usually, the minimum bond face value is 1,000 baht, but with the blockchain bonds, it will be 1 baht, with a minimum initial subscription of 100 baht. However, the idea of parliamentary government, first enshrined in the constitutions of the 1930s, never totally disappeared. And the stock exchange also plans to launch a blockchain-based digital asset platform. India's current level of suffering was not inevitable. Situation intensifies uncertainties about the result as well as the future prospects of the country. The issue will use state-owned Krungthai Bank’s (KTB) e-wallet. Report, Trans-Pacific Unless you’re a refugee, that is. Money, Tokyo All suggestions for corrections of any errors about Thailand Government 2020 should be addressed to the CIA or the source cited on each page. This issue, while still developing, could significantly impact his leadership. With parliament’s unsurprising vote, Prayut Chan-o-cha has completed an engineered effort to prolong his rule as premier.   Copyright © 2018 - 2021 Ledger Insights Ltd. CBDC used to settle European Investment Bank bond on public blockchain, Goldman, Santander, SocGen help European Investment Bank issue €100m public blockchain bond, SBI Securities in security token offering to the public, European Investment Bank to use blockchain for bond issuance, Citi to custody for BondEvalue fractionalized blockchain bond platform, Head of China’s digital currency project: adoption is up to market. Asia, Central THE THAI POLITICAL SITUATION. Just $5 a month. Turning now to the issue at hand, having just returned from Bangkok last month where I had the opportunity to … Tens of thousands of people, including high-school students, gathered in Bangkok on Thursday, defying a ban announced as part of a crackdown on pro-democracy protests.. Thailand… The government has required that the commission issue rebuttals to reports by international human rights groups and foreign governments about Thailand’s human rights problems. The Bank of Thailand is already feeling the pressure to cut rates and paired with a worsening drought throughout the Mekong region threatening exports further, analysts say fiscal policy must move decisively. Since then, Toyota Leasing in Thailand issued a blockchain bond. The increased reliance on undersea warfare means submarines need to run silent, deep, and safe in the Pacific. Outbreaks and vaccine problems loom as Indonesian Muslims prepare for Eid al-Fitr festivities. With increasing COVID-19 deaths in India, hundreds of children are being traumatized and left in the lurch. But unlike its neighbors, South Korea has so far refused to turn to a ready supplier: China. Government spokeswoman Narumon Pinyosinwat declined comment on the issue and said Thailand is a free country. Minor edge nicks, small holes, Nearly Fine. The Pheu Thai Party, which won the largest number of seats at 136 but was unable to form a government under junta-drafted election rules that favored mid-sized parties, leads the opposition with six other parties, including the second-largest opposition Future Forward Party led by the tycoon-turned-politician Thanathorn Jungroongruangkit. Thailand’s government has imposed a state of emergency in a bid to end three months of student-led street protests calling for reforms to the monarchy … Thailand anti-govt protests: the issues, and what’s different this time Thailand protests: There have three demands; dissolution of Parliament and the PM’s resignation, changes to the Constitution, and an end to harassment of critics. The announcement came days after the Malaysian government filed 22 lawsuits seeking to recover more than $23 billion in 1MDB-linked assets. The smooth completion of the 2 February election did not resolve Thailand's political situation, as issues of continuing relevancy remained of concern to the caretaker government: firstly, due to protester blockades, 28 constituencies failed to register candidates; secondly, the constitution required at least 475 filled seats, or 95 per cent of the total number of seats, and the problems caused by protesters … Thailand’s Public Debt Management Office intends to conduct a small savings bond issue of 200 million baht ($6.43 million) as a trial of blockchain-based savings bonds, the … Prayut infamously takes criticism and tough questions poorly, frequently lashing out at media and young protestors. Southeast Thailand, Government Issue, 50 satang, (1942), 22U (WPM 43a). State media announced that Kitazumi Yuki would be released "in view of the close ties and future relations between Myanmar and Japan.". 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