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Thailand disappointed with unchanged status on Priority Watch List

The USTR in its report released on April 30, maintained Thailand on its PWL for 2010 which has been unchanged since 2007 but Mr Alongkorn said an OCR (Out-of-Cycle Review) on Thailand’s status could be conducted within the next six months.

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Disappointed over an unchanged and an improvement from  Washington’s Priority Watch List (PWL), announced recently by the US Trade Representative (USTR), the Commerce Ministry will ask the Royal Thai Police Bureau to more strictly enforcing and suppressing violations of US intellectual property rights in the kingdom, said Deputy Commerce Minister Alongkorn Ponlaboot.

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The USTR in its report released on April 30, maintained Thailand on its PWL for 2010 which has been unchanged since 2007 but Mr Alongkorn said an OCR (Out-of-Cycle Review) on Thailand’s status could be conducted within the next six months.

Saying that he was disappointed over the ranking, Mr Alongkorn reiterated that the Thai government has attached importance on intellectual property rights protection and has continuously suppress violators in the past, the government, therefore, plans to write a letter to USTR and enquire about the country’s status which was kept unchanged for 2010.

via Thailand disappointed with unchanged status on Washington’s Priority Watch List.

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Economics

Finance Ministry Considers Additional Incentives to Increase NSF Members

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BANGKOK (NNT) – The Finance Ministry is considering additional incentives to increase members in the National Savings Fund (NSF) as Thailand is projected to become a “super ageing society” by 2031.

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Finance Minister Arkhom Termpittayapaisith said increasing state contributions to the NSF and extending the maximum membership age to 65 years old from 60 as stipulated by law are among the considerations.

He said Thailand is projected to become a fully aged society this year, meaning 20% of the total population is 60 or older. The country is projected to be a super ageing society by 2031, meaning 28% of the total population is 65 or older.

Mr Arkhom said retirement savings are vital because 20 million informal workers in Thailand are without mandatory savings programs.

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EEC Expects 300-billion-baht Investment This Year

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BANGKOK (NNT) – Thailand expects investment to triple to at least 300 billion baht in the Eastern Economic Corridor (EEC) this year as investment projects previously held by the coronavirus outbreak get pushed forward again as the pandemic eases.

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Economics

Finance Ministry Seeks More Fund for Co-payment Scheme

Fiscal Policy Office (FPO) Director-General Kulaya Tantitemit said the number of registrants exceeded the target of 31 million and could tally more than 32 million.

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BANGKOK (NNT) – Thailand’s Finance Ministry is preparing to seek the Cabinet’s approval for additional funding for the Rao Chana (We Win) scheme following the better than expected number of registrants.

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