Ambassador of the Republic of Azerbaijan to ASEAN, Jalal Mirzayev, presented his Letter of Credence to Secretary-General of ASEAN, Dato Lim Jock Hoi, on 18 June 2020 at the ASEAN Secretariat
Ambassador of the Republic of Azerbaijan to ASEAN presents credentials
LPG, NGV discounts extended
BANGKOK (NNT) – The current discount campaigns on LPG and NGV will be extended by 1-3 months, according to the latest resolution from the Committee on Energy Policy Administration (CEPA).
The discount campaign on household LPG gas will be extended until September this year, from the initial campaign expiry this month. The campaign offers 45 baht discount per 15-kilogram LPG cylinder for households, making the retail price now 318 baht. Holders of the government’s welfare card will also receive 100 baht per person per month discount.
The discount for NGV gas for taxis, vans, and buses is now extended until the end of July, reducing the retail price of NGV at service stations from 13.62 baht per kilogram to 10.62 baht per kilogram.
These discounts have been extended to help aid the economy which has been affected by COVID-19 restriction measures, even after the reopening of many businesses in Phase 4 of restrictions easing.
The CEPA has also approved a new oil pricing calculation at refineries, which will result in 0.5 baht per liter reduction in retail oil prices in general. The new calculation will be effective from 17th June.
BOT clarifies debt figures
BANGKOK (NNT) – Bank of Thailand clarifies misunderstanding regarding the 6 trillion baht liabilities.
Mrs. Chantavarn Sucharitakul, Assistant Governor, Communications and Corporate Relations Group, Bank of Thailand (BOT) revealed that there has been misunderstanding regarding BOT’s 6 trillion baht liabilities as public debt that will have to be repaid by future generations.
The BOT wishes to clarify that BOT’s financial statements reflect activities of the BOT associated with its central banking operations. When there is excess liquidity in the financial system the BOT absorbs the excess liquidity via instruments such as BOT bonds.
Conversely the BOT inject liquidity back into the system through reduction in BOT bond issuance to maintain an appropriate monetary condition. BOT’s assets and liabilities are therefore conditioned on changes in its financial operations to maintain economic stability.
Like other central banks, the liabilities in the BOT’s account are not considered as public debt, and will not pose fiscal burden on the country. The liabilities shown in BOT’s financial statements are merely reflection of its liquidity management activities.
Covid-19 and Online Casinos : boom or bust ?
Since Covid-19 first appeared in Wuhan towards the end of 2019, it has spread all over the world, infecting over 7 million people and killing over 400, 000.
World Bank sees East Asia and Pacific growth fall to 0.5% in 2020
The COVID-19 pandemic will shrink the global economy by 5.2 per cent this year, representing the deepest recession since World War Two, and triggering a dramatic rise in extreme poverty, the World Bank said Monday in its latest Global Economic Prospects report.
Emerging market and developing economies are due to shrink by 2.5 per cent – their first contraction as a group in at least 60 years. Per capita incomes, meanwhile, are forecast to fall by 3.6 per cent – tipping millions into extreme poverty.
Per-capita output will contract in more than 90% of countries, the biggest share since 1870. This decline may push 70 million to 100 million people into extreme poverty, Ceyla Pazarbazioglu, the World Bank’s vice president of equitable growth, finance and institutions, told reporters by phone.
Emerging and developing economies will shrink 2.5%, their worst performance in data that starts in 1960, it said.
Growth in the region is projected to fall to 0.5% in 2020, the lowest rate since 1967
The East Asia and Pacific regional economy has been affected by the COVID-19 pandemic through both domestic and external channels.
Growth in the region is projected to fall to 0.5% in 2020, the lowest rate since 1967, reflecting disruptions caused by the pandemic. China is expected to…
Coronavirus Disease 2019 (COVID-19) situation in Thailand as of 13 June 2020, 11.30 Hrs.
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Gen Prawit urges digital development to mitigate COVID-19 impact
BANGKOK(NNT)-Deputy Prime Minister Gen Prawit Wongsuwan has urged the acceleration of national digital development projects to help the general public cope with the social and economic impact of the COVID-19 pandemic.
Deputy Prime Minister Gen Prawit Wongsuwan has chaired a board meeting of the Digital Economy and Society Fund, where board members acknowledged the fund’s performance, and approved projects seeking support from the fund.
These projects include a community enterprise and economy development project by the international digital market of Rajamangala University of Technology Thanyaburi; a multi-purpose digital knowledge base development project by Srinakharinwirot University, and VHF marine radio system improvement by CAT Telecom.
The board has also approved submissions on projects and activities aimed at mitigating the impact of the COVID-19 pandemic.
DPM Gen Prawit has insisted that the national digital development effort enable government agencies, private companies, and the general public to have easier access to capital, yielding public benefits, and supporting digital research and development projects.
He stressed the importance of technology and digital devices procurement to assist public health operations, to protect the general public from COVID-19, and assist with transformation to New Normal livelihoods.
The DPM has instructed the Office of the National Digital Economy and Society Commission to accelerate the progress of approved projects according to the timeframe, and asked the Minister of a Digital Economy and Society to regulate financial support from the Digital Economy and Society Fund, to ensure maximum benefit for the general public and the country, in keeping with the fund’s mission.
Chiang Mai organizes tree planting activity to create green space
CHIANG MAI (NNT) – Chiang Mai has organized a tree planting activity to increase the number of green areas in Chiang Mai and create food security in urban areas.
Chiang Mai Governor Charoenrit Sanguansat, today led a group of people to plant trees at Khon Muang Chiang Mai Vegetable Garden inside Chang Khlan Cemetery, Mueang Chiang Mai district. It was formerly a garbage dump. Twenty-two large auspicious trees were planted. Vareties were those such as White Champaka, Champak, iron wood, Pachira aquatic and yellow star. Home-grown vegetables were also planted in a vegetable bed.
The move is aimed at producing food and creating green spaces, bringing opportunities for a better quality of life for people in the community and nearby areas, as well as an agricultural network in the city which will help promote vegetable growing activities in the city and also generate income for people in the community.
