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Map Ta Phut fiasco could impact economy more than the sub-prime crisis

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“The impact of the Map Ta Phut fiasco could be more severe to Thailand than the sub-prime crisis,” senior executive vice president Arthid Nanthawithaya said in an interview. These were the thoughts last week of some of the top executives at Siam Commercial Bank (SCB).

“Despite a limited impact from the loans extended to the companies involved, a huge weight hangs in potential investors' minds. If this fiasco is not ended peacefully, the investment climate will be affected severely.”

Map Ta Phut industrial plant

The impact of the Map Ta Phut fiasco could be more severe to Thailand than the sub-prime crisis

SCB has extended credit lines of Bt50 billion to the 76 industrial projects in question. The main borrowers are PTT, the Siam Cement Group and their subsidiaries. All Thai banks' combined credit line to the projects is estimated at Bt170 billion.

via Map Ta Phut fiasco could impact economy “severely” – Nationmultimedia.com.

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Asean

ASEAN, EU to enhance cooperation on Environment and Climate Change

The analysis, conducted by a team of experts from the Institute for Global Environmental Strategies, developed a knowledge base for follow-up actions by the EU to inspire and assist circular economy approaches to plastic issues in the ASEAN region.

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BANGKOK, 9 July 2019 – At the launch of a High-Level Dialogue on Environment and Climate Change in Bangkok yesterday, Senior Officials from ASEAN and the European Union (EU) reaffirmed the commitment to strengthen cooperation between ASEAN and the EU on shared regional and global challenges related to protection of the environment and climate change.

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Environment

Decarbonising South East Asia

South and South East Asian nations are among the world’s most vulnerable to climate change impacts, some of which are already being acutely felt at the current 1°C level of warming

Boris Sullivan

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Renewable energy is now cheaper than fossil-fuelled generation in most of the world and renewables offer a faster and cheaper way to increase access to affordable clean energy for millions of people.

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Asean

Thailand tops UN Sustainable Development Goals (SDGs) rank in ASEAN

Other ASEAN countries have also been ranked for their SDGs achievements, namely Vietnam at the 54th, Singapore at the 66th, Malaysia at the 68th, the Philippines at the 97th, Indonesia at the 102nd, Myanmar at the 110th, the Lao PDR at the 111th, Cambodia at the 112th

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Sustainable Development

BANGKOK, 1 July 2019 (NNT) – The Prime Minister is satisfied with the latest Sustainable Development Goals (SDGs) ranking where Thailand’s is in 40th place and the highest placed country in ASEAN.

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