News from Thailand – January 23, 2014

23rd of January 2014 0

News from Thailand – January 23, 2014

Rice farmers blockade Asian Highway 22 Jan News from Thailand January 23, 2014

Yingluck government is cornered on two fronts: Bangkok Shutdown and protests by rice farmers. Yesterday, farmers from ten provinces in revolt, they held a rally at seven places. Another three roadblocks are there.

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Farmers from four provinces in the Central Plains yesterday blockaded the Asian Highway (photo) in Phrom Buri (Sing Buri). They have planned to stay there for three days. For months they wait for the money for their submitted paddy (unhusked rice). But the Bank for Agriculture and Agricultural Cooperatives (BAAC), which the mortgage system for rice finances, has no money to pay them. Promised 15,000 baht per tonne of white rice

The farmers are now on the gas. They have incurred debts that must be paid off ASAP. When exactly, we are paid, they ask the government.

As a consequence of the blockade was the traffic wall fixed to several hours. The police advised motorists traveling to the North, take an alternate route via Highway 309 Ang Thong, Sing Buri and those who have been in Bangkok Highway 311 Sing Buri, Lop Buri.

Elsewhere

joined angry farmers joined the protesters who demonstrated PdRC County Homes and district offices. In the province of Ang Thong hundred farmers gathered in front of the district office. They handed the governor a letter to the government which they claim to be. Paid by Monday â € ~ If no progress is made, we organize a mass rallyâ € ™, says the president of the Ang Thong Agricultural Committee.

Pichit was the branch of the BAAC a visit from three thousand farmers. They proposed a stage and in turn criticized the way the government deals with the mortgage system. Farmers threaten tractors and trucks come to Bangkok three days if the government continues to attract their concerns.

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at the office of the Provincial Administration Organisation Pichit demanded three hundred chiefs and kamnans behalf of the farmers in their area payment. They will join the protests if PdRC payments absence.

Nakhon Ratchasima marched farmers from 32 districts in the State House. They not only demand the money they are entitled to, but also interest for the months they’ve been waiting.

Suphan Buri farmers consider themselves Friday on their strategy.

Economic news

– Farmers who urgently need money because they sit on money for their paddy surrendered to wait, get help from the Bank for Agriculture and Agricultural Cooperatives. But there is a snag. That only happens when the government increases the budget for the mortgage system and the Electoral Council gives the green light for a loan of 130 billion baht by the government.

least according to a source at the bank, because the same message is that the bank farmers to the rescue if the government fails to exit. loan Moreover, the position of the Electoral Council already known: the Board does not consider itself competent to approve the loan properly. Elsewhere in the paper that the Ministry of Finance «n is nothing attracts them and the money still goes to borrow. To this end, the government Tuesday’s budget adjusted.

The measures consist of the bank consist of debt and extending new loans to 20 percent of the value of the surrendered rice. The bank charges 7 percent interest.

– Economic coffee viewers are unanimous: they all cut their growth forecasts because of the political unrest. HSBC forecasts for this year and 3.5 percent next year, 4.5 percent; Moodyâ € ™ sa Analytics and Kasikorn Research Centre predicted 3.2 and 3 percent, respectively. Normally 4 percent. Moodyâ € ™ s predicted in November is 5.3 percent for this year.

In the second half of last year, the signals presented themselves: the tax refund to purchasers of a first car came to a stop, the household debt increased and as of the end of October, it even in the protests. Anything that slows economic growth. In November, the Monetary Policy Committee of the Central Bank lowered the policy rate by a quarter percentage point to 2.25 percent to stimulate the economy, but that did not put us anywhere. Yesterday, the MPC rate unchanged.

Economists have little confidence in the Thai economy. In a poll by Bangkok Poll it decreased from 36.99 to 17.85, the lowest number of points in threes «half years UtrechtInc

.

– Still useful, ZOA € ™ s Public Debt Management Act. It plans to borrow for infrastructural 2 trillion baht may well lie with the Constitutional Court to assess whether it is unacceptable (at the request of opposition party Democrats), the proposed works do not need to run any delay because the government allowed under the law 20 percent of the budgeted annual expenditure borrowing and that is enough to make. a stub That would amount to 500 billion baht.

sneak path means that can be used with the development of mass transit rail lines six [think metro lines] continued in Bangkok by the Mass Rapid Transit Authority and double track by the State Railway of Thailand. Incidentally, most of the 2 billion baht for the construction of four high-speed lines.

www.dickvanderlugt.nl â € “Source: Bangkok Post

Rice farmers overview rally sites News from Thailand January 23, 2014

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