The Pheu Thai government's plan to revive the rice collateral system was heavily criticized by Democrats on the second day of debate over the government's statement. The system is ineffective, it favors wealthy exporters, it burdens the government with heavy losses and it may violate World Trade Organization (WTO) rules. The system was introduced by the Somchai government in 2008 and…
Economic growth in Thailand drops to 2,6 percent
Economic growth fell to 2,6 percent in the second quarter as a result of a dip in the export of cars and electronics, caused by the stagnating supply of parts from Japan after the earthquake and tsunami. The National Economic and Development Board has revised its forecast of export growth this year from 3,5-4,5 percent to 3,5-4 percent, taking into account the debt crisis in the US and Eurozone, particularly in Spain and Italy, although…
Rice production: difficult choices for Thailand (video)
The world's largest rice exporter is facing a worse-than-expected harvest this year. The demand for rice has grown considerably this year. But is Thailand, as the world's largest exporter, ready to reap the benefits of rising demand now?
