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Economic team supports House dissolution in next 9 months

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Deputy Prime Minister Trairong Suwannakhiri on Tuesday voiced his support for the Abhisit government’s proposed dissolution of the House of Representatives in the next nine months as part of efforts to ease the ongoing political standoff, saying it is a proper timeframe because the spending budget for fiscal 2011 should by then already have parliamentary approval.

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He said many investment projects under the Thai Khem Kang (strong Thailand) scheme had just got off the ground. It is expected the projects would be in a clear pipeline at that time.

That would mean that whatever government takes power to administer the country following the snap election, the projects could proceed as planned. Mr Trairong said that this would help boost private sector confidence.

via Economic team supports House dissolution in next 9 months.

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Politics

Thailand falls to 73rd position in Economist’s Democracy Index

Within Southeast Asia, Thailand’s score regressed in 2020, falling to 73rd from 68th, including those related to the treatment of the opposition and to curbs on freedom of expression.

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Democracy in sickness and in health? is the title of The Economist Intelligence Unit’s latest Democracy Index report, which looks at the impact of the coronavirus (Covid-19) pandemic on freedom and democracy around the world.

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Myanmar

Military coup in Myanmar threatens economic recovery

The coup follows rising tension between the government and the military over claims by the military that the NDL’s landslide win during the November election was marred by fraud.

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After a decade of democracy, the Myanmar military has staged a coup ousting the newly re-elected NDL party. So far, the coup has been peaceful and we do not expect it to lead to any major social unrest or large protests amid public concerns about Covid-19.

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Politics

Thai generals want more control on foreign businesses

Thailand’s military government is planning to amend the FBA (Foreign Business Act) to prevent foreign directors from controlling joint venture firms that are majority-owned by Thai shareholders.

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Thailand’s military government is planning to amend the FBA (Foreign Business Act)  to prevent foreign directors from controlling joint venture firms that are majority-owned by Thai shareholders. (more…)

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