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  • July 19, 2014

    Junta will steer clear of legal case against Yingluck: Prajin

    ... not intervene in the prosecution of former prime minister Yingluck Shinawatra - who faces a criminal charge of misconduct and negligence over the rice pledging scandal, the deputy head of the junta Air Chief Marshal Prajin Juntong said yesterday. The ruling National Council for Peace and Order (NCPO) had a clear...

  • July 12, 2014

    It's the SRT that should be feeling the shame

    Prompted by the recent news of Sunday's rape and murder of a 13-year old girl aboard a train, a woman raped by a state railway employee on a train in 2001 plucked up the courage to write an open letter to the chiefs of the NCPO and State Railway of Thailand, (reported by The Nation on July 9). My mouth...

  • June 19, 2014

    Positive signs abound as coup boosts Thailand's business sentiment

    ... (FTI) of 42 industries. Operators saw positive signs for the economy following abating political tension and the payment to farmers in the rice-pledging scheme, which injected cash into the system. FTI chairman Supant Mongkolsuthree said the index three months in advance rose to 101.0 from 98.2 in April, the...

  • June 18, 2014

    BAAC earmarks Bt40 bn for farm loans

    ... rice-subsidy payments because of problems with the required documents. Meanwhile, a total of 1.67 million farmers will be paid today under the rice-pledging scheme. The payments will total Bt195.45 billion for 11.8 million tonnes of rice, the bank said. Luck said paying off all the farmers should stimulate economic...

  • June 6, 2014

    Outlining the coup impact on the bond market in May

    ... to secure Bt92 billion in funding to repay farmers, through the Bank for Agriculture and Agricultural Cooperatives, who are owed money under the rice-pledging scheme. With the overdue rice-pledging payments, the NCPO and the Finance Ministry believe that gross domestic product will get a 0.2-per-cent boost through increased spending...

  • June 6, 2014

    Yingluck faces assets probe

    ... Yingluck Shinawatra and four other members of her Cabinet involved in her government's loss-making and corruption-plagued rice price-pledging scheme. The National Anti-Corruption Commission (NACC) has assigned one of its nine commissioners, Narong Rathamarit, to head the subcommittee responsible for the...

  • May 30, 2014

    Anti-graft lobby makes proposals to junta

    ... the NCPO now could rapidly solve problems, particularly payment to rice farmers. However, there remained no transparency in the damage from the rice-pledging scheme, and the council may launch a specific committee to inspect the project and disclose information to the public urgently. He also expressed no suspicion...

  • May 27, 2014

    Finance seeks Bt50-bn term loans to pay off rice farmers

    ... This operation would be guarantee by the ministry. According to the BAAC, as of last Friday, of a total of 1.67 million contracts under the rice-pledging scheme worth Bt192.95 billion, the bank had paid off 833,182 contracts worth more than Bt100 billion. Special task force Meanwhile, the Commerce...

  • May 27, 2014

    NACC summons four witnesses on rice-pledging scheme

    National Anti-Corruption Commission on Tuesday resolved to summon four senior government officials for questioning as witnesses in the controversial rice-pledging scheme. The questioning will focus on the loss during time of former deputy premier and Commcerce minister and former deputy commerce minister Yanyong Puangrat...

  • May 26, 2014

    Pledging policy blamed for drastic fall in price of rice

    ... the first time in history that Thai rice is cheaper. Chookiat Ophaswongse, president of the association, blamed this on the ousted government's rice-pledging scheme. Exporters are not happy with the price trend, which should boost exports, as the cost of production has been on the rise and Thai rice quality is superior...