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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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Health

200,000 doses of COVID-19 vaccine Distributed to 13 Thai provinces

Health authorities are now expected to give the first injection of this COVID-19 vaccine on 1st March, with a subcommittee now working on the priority system which will determine who gets the vaccine first.

National News Bureau of Thailand

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BANGKOK (NNT) – The first 200,000 doses of COVID-19 vaccine which arrived in Thailand today will be distributed to 13 provinces, with frontline health workers and those at higher risk, being the first to receive the vaccine.

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Banking

Can the Subscription Economy Save Financial Services?

Going back to the pre-Covid “normal” is not an option for financial services. Fortunately, the rise of the subscription economy points towards frontiers of untapped growth for the sector.

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As the world waits for mass vaccination to revive economic activity, general malaise has overtaken the financial services industry (FSI). And things will probably worsen before they get better: US banks are expected to suffer US$318 billion in net loan losses by the end of 2022, according to Deloitte.

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Economics

BoI Plans More Efforts to Promote BCG Economy

National News Bureau of Thailand

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BANGKOK (NNT) – The Board of Investment (BoI) is working with related agencies to rev up promotion of the bio-, circular and green (BCG) economy to help drive growth over the next 5 years.

BoI Secretary-General Duangjai Asawachintachit said the BoI is looking into more business categories for high technology as part of efforts to promote the BCG economy.

She said the government is focused on developing the bio-economy as Thailand has more than 30 million people working in the farm sector, yet most of them remain in poverty.

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