Rice farmers in five northern and central provinces threatened to block the Asian highway from Phitsanulok to Nakhon Sawan in what they said is to pressure the government to pay for the rice they sold under the rice-pledging scheme. Farmers said they have not been paid for over five months now.
Farmers from Phichit, Phitsanulok, Nakhon Sawan, Kamphaeng Phet, and Sukhothai are now heading for the Asian Highway at Pluek Soong intersection in Wachirabaramee district of Phichit in their plan to block the highway if their demand for immediate rice payment was not met with.
Earlier yesterday in Phetchabun province, more than 300 farmers gathered at the town hall to demand payment for the rice they pledged under the 2012/2013 crop year.
Payments stranded four months behind
They said they had sold rice under the scheme for over four months, and were not yet paid, thus causing them in financial trouble and hardship. They said they have no money to pay back debts.They later dispersed when the executive of the Bank for Agriculture and Agricultural Cooperatives said they would get their money within March as the money is allocated by the government in allotments.
But they also vowed to join protest by their colleagues today.Commerce Minister Niwatthamrong Boonsongpaisan yesterday vowed to pay farmers within this month, though earlier last year his deputy Yanyong Puangrat promised that all unpaid farmers would be paid by January 15.The government had plans to draw cash from BAAC’s deposits to pay for the rice but this was against the bank’s regulation and against the Election Law.
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…)
Subscribe via Email
Thai baht becoming the region’s worst-hit currency in COVID pandemic
According to data from its tourism ministry as well as the World Bank, Thailand had only a little over 34,000...
Asia’s slow rate of vaccination is a thorn in the region’s economic recovery
Southeast Asia has been hit badly. Daily infections for Indonesia, Thailand, Vietnam are at their worst, on a seven-day moving...
TAT expects 850 billion baht ($25.7 bln) in tourism revenue after successful reopening
The Tourism Authority of Thailand (TAT) has set this year’s revenue target at 850 billion baht, 300 billion of which...
Download 1xBet mobile and play all over the world
Placing profitable bets or playing in a casino is now possible comfortably even without being tied to a computer. It...
3 ways Asia can recover from the COVID-19 pandemic faster
Countries in the East Asia and Pacific region will benefit from cooperation in three major areas: vaccine deployment, reviving sectors...