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257 killed, 3,104 injured during Songkran traffic

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As celebrants of the Songkran festival, Thailand’s traditional New Year, begin returning to Bangkok from upcountry to start work, the Disaster Prevention and Mitigation Department announced that 2,863 road accidents occurred in the first five days of the ‘seven dangerous days’ of the festival, killing 257 persons and injuring 3,104 others nationwide.

During the first five days ending Friday, the northeastern province of Nakhon Ratchasima recorded the highest number of fatalities at 17 dead, followed by the northernmost province of Chiang Rai and the northeastern province of Ubon Ratchathani with 11 each.

Drunken driving was attributed as the main cause of accidents overall, with nearly 32 per cent, followed by 26 per cent of motorcyclists not wearing helmets and driving too fast accounting for 18 per cent. Some 75.5 per cent of all road accidents involved motorcycles, over 10 per cent pickups and 6 per cent passenger sedans.

via 257 Songkran travellers killed, 3,104 injured in first five days of road accidents.

Banking

Thai Government to issue Bt50 bln ( $1.57 bln)Savings Bonds to fund COVID-19 Relief Measures

The special savings bonds are available via the “Sasom Bond Mung Kung” e-wallet, abbreviated to “Sor Bor Mor” in Thai on Krungthai Bank’s Pao Tang mobile app, and through four dealer banks. The minimum purchase of these bonds is 1,000 baht, without no maximum. Interest is paid twice a year.

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BANGKOK (NNT) – Thailand’s Public Debt Management Office (PDMO) plans to issue “Ying Aom Ying Dai” (the more you save, the more you earn) government savings bonds, worth 50 billion baht, next month, aiming to use the funds to finance state projects to ease the impacts of the pandemic.

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Economics

Thai Government Plans to Increase 2022 Investment Budget by 90 Billion baht ($2.84 bln)

According to the 2022 fiscal budget bill, which has public spending set at 3.1 trillion baht, accounting for 17.9% of GDP, the government would need to borrow 700 billion baht to offset the deficit.

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BANGKOK (NNT) – The Budget Bureau notes that the Thai government plans to increase its investment budget by 90 billion baht in the fiscal year 2022, in compliance with a law related to state financial and fiscal discipline.

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