The survey has been done in 137 countries by the World Economic Forum. Japan is ranked 10 globally and thus highest in Asia in terms of the judicial freedom.
It is followed by Singapore (19) and Malaysia (33).
The judicial system in Japan is considered to be free from the influences of the government, a significant evidence of the uncorrupt political system, according to the World Economic Forum executive opinion survey.
Thailand is ranked 61 globally
Analysts say the country needs judicial reforms to contribute to the improvement of judicial improvement and better and partial accessibility.
Thai judiciary needs sufficiently to be empowered and independent to play that constitutional role, while showing both sufficient integrity to avoid corruption and sufficient restraint not to overreach into the political realm.
India is ranked 41 in terms of judicial independence. The country has seen some conflicts in terms of the judiciary being biased owing to political affiliation. It is followed by China ranked 45 and Indonesia ranked 50.
Cambodia worst in Asia
The judiciary in Philippines has been termed to be ‘under attack’. The United Nations Rapporteur recently stated that there was a “worrisome deterioration of the rule of law and that the independence of justice in the Philippines is under attack”. It is ranked 105 followed by Mongolia at 113.
Judiciary in Cambodia is the least independent from government influences and the corruption in the judiciary is stated to be endemic. The rights groups have always criticised the government for undermining the independence of courts.
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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