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  • March 25, 2014

    Suthep: too early to lobby for a neutral premier

    ... who he claimed were candidates to be the interim premier to replace caretaker premier Yingluck Shinawatra in the event that she were indicted by the national antigraft agency in connection with the rice pledging scheme. Suthep said the PDRC has never approached anyone to become an interim prime minister and the red shirt's list of names come from their own imagination. "We haven't moved to that process as we...

    Politics
  • March 4, 2014

    Two nations No problem

    This decision will probably begin the splitting of Thailand in earnest. I say this because the delicate, high-society Yingluck wouldn't last two hours inside a bad spa, let alone two years inside a prison, and she knows it. Also, the Shinawatra clan isn't famous for taking responsibility for misdeeds it has committed. Under normal circumstances, Yingluck would, like her brother, simply flee Thailand...

    Opinion
  • February 20, 2014

    Commerce sets 3-prong plan to pay farmers

    ... days after it granted a loan last week to the Bank for Agriculture and Agricultural Cooperatives (BAAC). Customers wanted to show their opposition to GSB's alleged support for the controversial rice-pledging programme. Caretaker Deputy Commerce Minister Yanyong Phuangrach said yesterday that a group of pro-government farmers, rice millers and the ministry would cooperate to encourage rice traders and others...

    Business
  • February 20, 2014

    Rating safe for now: S&P

    ... misconduct in voting for a fully elected Senate last year. Prime Minister Yingluck Shinawatra is also facing an NACC probe for alleged negligence in implementing the government's beleaguered rice-pledging scheme. These investigations may cause these individuals to lose their rights to hold political office, said S&P. Meanwhile, if the ongoing protests lead to violence, a military intervention remains possible...

    Business
  • February 19, 2014

    Yingluck faces graft charges

    ... Anti-Corruption Commission (NACC) yesterday found grounds to press charges against caretaker Prime Minister Yingluck Shinawatra for alleged negligence and dereliction of duty over the controversial rice-pledging scheme, according to commission spokesman Vicha Mahakun. The move is seen as a step to initiate impeachment proceedings against Yingluck, and to press charges for her criminal prosecution amid the political...

    Politics
  • February 18, 2014

    Most banks say deposits normal after Bt30 billion pulled from GSB accounts

    ....8 per cent with a five-month fixed deposit. KTB, a state-owned and publicly traded commercial bank, last week sent outreach teams to reassure wealthy depositors that it was not involved with the rice-pledging scheme after one major depositor informed the bank that it would withdraw its money, as it was worried the bank would help finance the rice-pledging scheme. The bank has a business continuity plan if it sees a run on deposits...

    Business
  • February 18, 2014

    TDRI proposes govt spending reform to reduce inequality

    ... incomes account for only 3-7 per cent of gross domestic product. Viroj said the government should discourage people from returning to the agriculture sector through populist policies such as the rice-pledging scheme because that will increase the cost of production and land rental because of the increase in demand. He also said that if he government decided to abandoned the scheme, the farmers would be affected even...

    Business
  • February 18, 2014

    NESDB cuts GDP growth forecast to 3-4 per cent

    ... The Bt2-trillion infrastructure-investment project is on hold until the new government decides whether to proceed with it as planned. As for the government's unpaid debts to Thai farmers in the rice-pledging scheme, the ratings agencies did not regard this as a technical default, but understood that the delayed payments were largely due to the prolonged political conflict. There was not much concern over the...

    Business
  • February 18, 2014

    Many farmers go home empty-handed as funds wired not enough

    ... million to distribute among its 22 branch offices. However, some 70,000 farmers were still pending payment as they were still waiting for their turn based on the certificate numbers under the rice-pledging scheme, he said. Hence, he added, the bank would extend a grace period of another six months from March 31 onward. A separate low-interest loan would also be available to help farmers with increasing operational...

    National
  • February 18, 2014

    Yingluck government is obstacle to national unity

    ..., I can't see any possibility of that happening. For example, the Yingluck government, under the control of Thaksin Shinawatra, has been involved in massive and rampant corruption in its own rice-pledging scheme. The problem has spread to farmers being denied payments for their rice because of the government's inability to sell its huge stockpiles. While politicians and government officials have reaped huge profits...

    Opinion