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Political turmoil is undermining the Kingdom economic strategies

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The ongoing Red Shirt political rally poses risks for Thailands economic recovery, but panellists at a Nation Group roundtable discussion on Friday were more specifically concerned about threats to the countrys competitiveness and long-term development strategy.

Finance Ministry Spokesman Ekniti Nitithanprapas said that if the red shirts are able to disrupt the functioning of the government during the second or third quarters, the resulting power vacuum would affect the 2011 budget, which needs parliamentary approval before the start of the fiscal year in October. This would affect the disbursement of the Thai Khemkhaeng TKK stimulus funds, as another Bt400 billion worth of investment is awaiting parliamentary approval.Ekniti said the investment is necessary to strengthen Thailands economic competitiveness, given that the political chaos had prevented any government investment in improving infrastructure, compared to a typical expenditure of more than 10 per cent of the annual central budget in years gone by.”On a global scale, Thailands competitiveness is ranked 26th. But the main weak point is lack of improvement in physical and intangible infrastructure [labour productivity, education and R&D]. Without the investment [under TKK, despite the small size of each project], we would see no major investment in this regard at all,” he said at the roundtable.

via Political turmoil undermining the Kingdoms economic strategies.

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Thailand’s Prime Minister concerned over illegal gambling during Euro 2020

Police in Thailand is tasked with monitoring illegal gambling. Raids regularly take place resulting in fines and or jail time for people found to be hosting or playing in illegal gambling events.

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Thailand’s Prime Minister Prayut Chan-o-cha has expressed concern over an increase in illegal gambling by Thais during the month-long UEFA European Soccer Championship, or Euro 2020.

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Latest Covid-19 News in Southeast Asia

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Coronavirus disease 2019 (COVID-19) WHO Thailand Situation Report - 22 February 2021

Singapore remains far and away the most vaccinated country in Southeast Asia, with nearly 30 percent of residents having received both doses. But the city-state has also seen an aggressive rise in local cases in recent weeks.

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