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Why Reconciliation Fails in Thailand ?

Thailand’s problem is that those who keep winning elections are not allowed to rule, whereas others who ultimately call the shots cannot win elections. [Thanks to Bangkok Pundit for pointing me to Thitinan’s op-ed]

Boris Sullivan

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After some time on vacation, I have returned to find that Thai politics, which almost couldn’t get worse, actually has. Last month, Thitinan Pongsudhirak, in my opinion the most astute observer of Thai politics, captured the fundamental tension in Thailand today in an op-ed:

Thailand’s problem is that those who keep winning elections are not allowed to rule, whereas others who ultimately call the shots cannot win elections. [Thanks to Bangkok Pundit for pointing me to Thitinan’s op-ed]

Thailand middle classes are becoming increasingly skeptical of the benefits of democratization

That, in a nutshell, is Thailand’s dilemma, one shared by many middle-income developing nations where middle classes are becoming increasingly skeptical of the benefits of democratization, as I discuss in my forthcoming book The Decline of Democracy (Yale University Press).

via Asia Unbound » Thailand: Reconciliation Fails.

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SET

SET News :Thailand tops the world’s sustainability ranking by number with 11 firms selected as ‘Gold-Class’ by S&P Global

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SET News 9/2021

February 10, 2021

Thailand tops the world’s sustainability ranking by number with 11 firms
selected as ‘Gold-Class’ by S&P Global

BANGKOK, February 10, 2021 – The Stock Exchange of Thailand revealed that 11
Thai firms have been awarded in Gold Class, the world’s highest ranking by
number in sustainability aspect in “The Sustainability Yearbook 2021” conducted
by S&P Global. Of the total 11 companies, 10 are SET-listed companies and the
other one is a Thai company, strikingly resonating that the sustainability
approach is viable and has leveled up the country’s capital market to be widely
recognized in international arena.

SET President Pakorn Peetathawatchai said that SET has continuously promoted the
Thai capital market toward sustainability development to benefit all
stakeholders, in line with SET’s vision ‘To Make the Capital Market Work for
Everyone’. In addition, SET has also encouraged the business sector to embrace
environment, social, and governance or ESG principles in their operation while
enhancing performance to boost balanced growth between business and society
hand in hand.
.
“SET supports listed companies across the board at all levels and industries to
integrate sustainability into business operations and promotes sustainable
investing by developing and uplifting quality of ESG disclosure as well as
improving information reporting process to provide utmost benefit to both listed
companies for business operation development and investors for efficient
analysis and securities valuation. Significantly, 11 Thai companies have
recently been ranked in Gold Class category in S&P Global’s “The Sustainability
Yearbook 2021″, remarkably considered the highest number globally.The selection
is based on sustainability assessment of over 7,000 companies across 40
countries,” Pakorn added.

The 11 Thai companies ranked in Gold Class category comprise 10 listed firms:
Banpu pcl (BANPU), BTS Group Holdings pcl (BTS), IRPC pcl (IRPC), PTT pcl (PTT),
PTT Exploration and Production pcl (PTTEP), PTT Global Chemical pcl (PTTGC),
Siam Cement pcl (SCC), Thai Oil pcl (TOP), True Corporation pcl (TRUE) and Thai
Union Group pcl (TU); and a Thailand-based company: Thai Beverage pcl.

This year, the total of 29 Thai companies that ranked in The Sustainability
Yearbook 2021 has made Thailand reach the 7th spot in the world behind the US,
Japan, South Korea, the UK, France and Taiwan.

For further information, please visit
https://www.spglobal.com/esg/csa/yearbook/.

“SET…Make it Work for Everyone”
Follow us on Twitter @SET_Thailand_EN
______________________________________________________________________

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