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General Prayuth government’s roadmap

An interim government is expected to be in place in September with a functional cabinet after which there will be a National Legislative Assembly and a provisional constitution, announced General Prayuth Chan-ocha

Aishwarya Gupta

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An interim government is expected to be in place in September with a functional cabinet after which there will be a National Legislative Assembly and a provisional constitution, announced General Prayuth Chan-ocha in his weekly televised address Friday night.

And by October, he said that Thailand would be administered by a government with a cabinet to implement policy like a normal government.

These, he explained, are the second stage of reform which will take approximate one year “if there are no complications for both the first stage which will take about three months and the second stage”.

On security issue, the head of the National Council for Peace and Order disclosed that since the imposition of martial law, authorities managed to seize 88 war weapons, 1.268 firearms of different types, over 7,000 rounds of ammunition and over 300 grenades and bombs.

He assured that martial law would be enforced only if necessary and normal laws would be applied and strictly enforced so that everyone must respect the law and social rules.

As far as reconciliation to reduce political divide is concerned, General Prayuth said that activities had been staged to allow people of different political views to gather together to exchange views in order to bring about mutual trust and to reduce mutual suspicion.

For the people to have trust in the justice system, he said that this would take time and the law must be applied equally and he urged cooperation from all parties concerned.

On foreign relations, he said that relations with friendly countries has started to pick up as they have a better understanding of the political situation in Thailand while government-to-government relations continue as normal.

On economic situation, General Prayuth said that consumers’ confidence index in the state of economy increased for the first time in 14 months from 57.7 to 60.7 point.

via General Prayuth unveils government’s timeline | Thai PBS English News.

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Economics

Cross-border trade is expected to grow up to 3-6%

National News Bureau of Thailand

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BANGKOK (NNT) – Thailand’s cross-border trade is expected to recover to growth of 3-6% this year, helped by COVID-19 vaccine distribution and the global economic recovery.

Foreign Trade Department Director-General Keerati Rushchano said cross-border trade, which includes transit trade, is likely to generate 1.36 to 1.40 trillion baht, up from 1.31 trillion baht in 2020.

According to Mr Keerati, the key risk factor that may derail border trade growth is the political chaos in Myanmar that will weaken purchasing power there and cause a delay in goods transport.

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Corporate

We’ll meet again: business travel changed – but not forever

Now the future is looking brighter, will businesses stay loyal to Zoom, or will we return to the old ways of travel and doing business face-to-face?

Daniel Lorenzzo

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In the thick of the pandemic, it seemed hard to imagine that we would ever travel for business again. Health and hygiene concerns coupled with global lockdowns, conspired to take all our meetings online. However, now the future is looking brighter, will businesses stay loyal to Zoom, or will we return to the old ways of travel and doing business face-to-face?

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Business

Marijuana could generate up to Bt8 billion for Thailand’s pharmaceutical industry

Last year, Thailand removed cannabis and hemp leaves from its list of banned narcotics (seeds and buds remain banned).

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Marijuana could generate up to Bt8 billion for Thailand’s pharmaceutical industry over the next five years, but farmers stand to make little from growing the herb, experts say.

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