BANGKOK, 3 March 2014 A short-term Rice Farmer’s Fund has been established in order to pay farmers while they wait to be fully funded by the government. This fund has been made possible by donations and contributions based on the generosity of Thai people, said Suwimol Aonin, manager of the Ubol Ratchathani branch of the Bank of Agriculture and Agricultural Cooperatives (BAAC).
The fund’s value of 20 billion baht merely covers 20 percent of the total debt that the government owes the farmers. The fund can be divided into two types: with 0.63% interest, and another type without interest. In addition, there is a fund open for people to donate to the farmers directly, she said.
BAAC will manage the fund while waiting for money allocation to farmers. This is a way to help farmers and also triggers domestic consumption during the economic slowdown.
Edited by Joel Gershon
BANGKOK, March 4 – Seven leading private organisations have called for a government and protester dialogue to resolve the political stalemate which, they said, has damaged Thailand’s economy to the tune of Bt240 billion in losses.
BANGKOK, March 3 - Thailand's Kasikorn Research Center says that if the current political confusion continues through June, the country's economy might grow only by 2 per cent.
Kasikorn deputy managing director Pimonwan Mahatchariyawong said the Thai economy at present is still at risk from the political stalemate which may be prolonged and thus slow down consumption and investment.
She said the economy was predicted to grow at 0.3-1.2 per cent in the first half of the year and at 3 per cent for the entire 2014, while March and April are to be monitored, for there may be some major situations that could impact the economic situation.
Exports this year are forecast to grow 5 per cent, thanks to the improved world economy, while import was predicted to expand 2 per cent as a result of the country's economic slowdown.
Ms Pimonwan said Kasikorn Research Center might readjust its forecast should there be no sign of setting up a new government within April, the Thai export situation has not returned to a positive figure in Q1, and the country's drought is so severe it affects the production capacity in some industrial areas.
PATTANI, March 3 -- A villager was shot dead this morning, while his wife was wounded in a gun attack as they were riding to work at a rubber plantation in Pattani's Thung Yang Daeng district.
BANGKOK, March 4 – The Election Commission (EC) will today officially seek the Constitutional Court’s ruling on its disagreement with the government concerning a royal decree to call for new elections in 28 constituencies in Thailand’s South.
CHIANG MAI, Mar 3 – The Thai army today lodged complaints at two police stations in this northern province against a leader of a pro-government group on charges of separatism.
BANGKOK, March 3 - Two hand grenades were hurled into the Criminal Court in Bangkok this morning, but failed to detonate while security has been tightened to prevent repeated incidents at court compounds.
BANGKOK, Mar 3 - The Thai Retailers Association (TRA) today predicted a 6-7 per cent growth for this year's retail sales with retailers planning to open over 2,000 new outlets nationwide.
BANGKOK, 2 March 2014 The People’s Democratic Reform Committee won't give up attempts to close down businesses related to the Shinawatra family; however, it will call off the operation to paralyze the capital.
NARATHIWAT, March 2--- An imam, or Muslim religious leader, was killed and his son was severely injured in a shooting attack in the restive southern province of Narathiwat.