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Thailand to reconsider huge borrowing plan if economy continues to pick up

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The Thai government will reconsider if it still needs to borrow a fund worth 200 billion baht (6.02 billion U.S. dollars) to boost the domestic economy, if the economy continues to recover next year, Prime Minister Abhisit Vejjajiva said Thursday.

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The money is planned to be injected into the government’s second economic stimulus package.

The government is still confident that during this fourth quarter of 2009, the country’s economy will post a positive growth rate, Thai News Agency quoted Abhisit as saying.

dollarsAnd, for the whole 2009, the Thai economy is estimated to contract 3.0-3.5 percent, Abhisit said.

However, the country’s economy in 2010 is expected to grow about 3.5 percent, the prime minister said.

via Thailand to reconsider huge borrowing plan if economy continues to pick up: PM_English_Xinhua.

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Thailand to further ease COVID-19 restrictions

The Cabinet approved to ease the level of control over the country under the COVID-19 situation including relaxing businesses and activities in 4 areas.

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The Cabinet approved to ease the level of control over the country under the COVID-19 situation including relaxing businesses and activities in 4 areas.

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Thai government to buy cannabis from community enterprises

For a long time, there has been pressure to decriminalize Cannabis and allow its use for many purposes. Today, some of its parts are usable by the public, but only a few are allowed to grow and sell it.

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The Government Pharmaceutical Organization (GPO) is to buy grade-A dried cannabis flowers from community enterprises at 45,000 THB per kilogram.

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Human trafficking cases in Thailand hit decade low due to COVID-19

Thailand has pointed to improved efforts to stop trafficking in recent years, under scrutiny from the United States and following criticism of its failure to tackle abuses in its lucrative seafood and textile sectors, as well as the sex trade.

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BANGKOK, Jan 21 (Thomson Reuters Foundation) – Police in Thailand last year launched the lowest number of human trafficking investigations in a decade as coronavirus restrictions on businesses and borders hindered criminal networks, according to a soon-to-be released government report.

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