Thailand’s elemental political conflict
The largest demonstrations in Thailand’s political history ended with over 90 deaths in April–May 2010, but 18 months later, with the country’s biggest floods in half a century, some believed that togetherness in suffering would revive a mythical ‘national unity’.
The largest demonstrations in Thailand’s political history ended with over 90 deaths in April–May 2010, but 18 months later, with the country’s biggest floods in half a century, some believed that togetherness in suffering would revive a mythical ‘national unity’. Instead the floods soon became a new focus of conflict across the political divide.In Thailand today, conflict seems elemental.
The country is currently in the middle of massive historical change. Over the past generation, the average per capita income has tripled in real terms.
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Thailand’s elemental political conflict
Currencies
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 tourist arrivals as of May 2021, compared with over 39 million in 2019, before the pandemic. Fewer tourists also means lower demand for the Thai baht.
The Thai baht has been hit by a sharp decline in tourism numbers due to the COVID pandemic, making the country’s currency the worst-hit in the region this year, according to Mizuho Bank.
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Economics
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 average. The Philippines and Malaysia are not far off their daily infection peaks reached in the second quarter of 2021.
Last week was tough for the Asia-Pacific region. Many countries responded to stubbornly elevated daily infections by extending or tightening social distancing measures.
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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...
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