The Thai Meteorological Department expects Tropical Storm Nalgae to reach Vietnam on 5 October, affecting the Lower Northeast of Thailand, while forecasting wet conditions nationwide due to monsoons.
Speaking of the approaching Tropical Storm Nalgae, Deputy Director-General of the Meteorological Department Dr Somsri Huntrakul stated that the storm system was in the South China Sea at the moment and was moving northwest towards Northern Vietnam. It is expected to make a landfall in the country on 5 October.
As a consequence, torrential rains will be seen during 6-9 October in the lower part of the northeastern region of Thailand, particularly in Ubon Ratchathani, Amnat Charoen, Surin, Buri Ram and Roi Et. Other provinces to be partially affected include Ranong, Phang Nga, Chanthaburi and Trat.
Furthermore, a monsoon trough passing through the mid-section of the country in combination with the southwest monsoon in the Andaman Sea, the southern region and the Gulf of Thailand will result in more rains over the next 2-3 days in the Lower North, the Lower Northeast, the Central Plains, the East and the East Coast of the South.
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.
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.(more…)
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.
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.(more…)
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