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Thai Khem Khaeng
Thai Khem Khaeng (Thai: ไทยเข้มแข็ง, alternately romanized as Thai Khem Khang, 'Strong Thailand') was a Thai economic stimulus investment program imposed by the government of Abhisit Vejjajiva in the years 2009 and 2010, led by Finance Minister Korn Chatikavanij. The program consist of two major stimulus packages injected in the Thai economy involving vast investments in industry, science, technology, agriculture, logistics and infrastructure, environment, education, labour and tourism and the positive impact remains in the economy up to the present. Historical context Thailand became a great exporter almost 200 years ago, mainly to the Southeast Asia and US. The long history in exporting lead to a state, in which more than 60% of Thailand's Gross Domestic Product (GDP) came from export. In July 1997 a financial collapse of the Thai Baht occurred due to lack of foreign currency to support its currency peg to the U.S. dollar. The collapse caused the country t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abhisit Vejjajiva
Abhisit Vejjajiva (; , , ; born 3 August 1964) is a Thai politician who was the 27th prime minister of Thailand from 2008 to 2011. He was the leader of the Democrat Party from 2005 until he resigned following the party's weak performance in the 2019 election. As leader of the second largest party in the House of Representatives, he was also leader of the opposition – a position he held from 2005 to 2008 and again after his premiership until his party's en masse resignation from the House on 8 December 2013. Abhisit is the last prime minister neither coming from the military nor being related to the Shinawatra family to date. Born in England to Thai Chinese parents, Abhisit also holds British citizenship. He attended Eton College and earned bachelor's and master's degrees from the University of Oxford. After his graduation he taught as an economics lecturer at Chulachomklao Royal Military Academy and Thammasat University. Abhisit was elected to the Thai House of Representat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Korn Chatikavanij
Korn Chatikavanij (, , born 19 February 1964 in London) is a Thai politician. He was formerly the leader of the Chart Pattana Kla Party and the Kla Party. He was a deputy leader of the Democrat Party. A five-term MP, he served from 2008 to 2011 as finance minister under Abhisit Vejjajiva. Early life Korn was born on 19 February 1964 in London, United Kingdom. He attended Somthavil School and Sathit Patumwan for primary school and Winchester College in the United Kingdom for secondary school. Korn then read philosophy, politics, and economics at St. John's College, University of Oxford, where he graduated with honours. At the age of 21, Korn began his career as an investment banker in 1985, his first role being in asset management for SG Warburg. Three years later in 1988, Korn founded JF Thanakom Securities, becoming the youngest head of a Thai investment bank at the time. In 1999, Korn sold JF Thanakom to JP Morgan and became the firm's country chairman for four years. Early ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baht
The baht (; , ; currency sign, sign: ฿; ISO 4217, code: THB) is the official currency of Thailand. It is divided into 100 ''satang'' (, ). Prior to decimalisation, the baht was divided into eight ''fueang'' (, ), each of eight ''at'' (, ). The issuance of currency is the responsibility of the Bank of Thailand. Society for Worldwide Interbank Financial Telecommunication, SWIFT ranked the Thai baht as the 10th-most-frequently used world payment currency as of December 2023. History ImageSize = width:1500 height:auto barincrement:15 PlotArea = top:10 bottom:30 right:130 left:20 AlignBars = justify DateFormat = yyyy Period = from:1250 till:2050 TimeAxis = orientation:horizontal ScaleMajor = unit:year increment:50 start:1250 ScaleMinor = unit:year increment:10 start:1250 Colors = id:canvas value:rgb(1,1,1) id:r value:rgb(0.5,0,0) id:p value:rgb(1,0.1,0.6) id:o value:rgb(1,0.3,0) id:y value:rgb(0.9,0.7,0.1) id:g value:rgb(0,0.4,0) id:m value:rgb(0,0.8,0) id:b value:r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1997 Asian Financial Crisis
The 1997 Asian financial crisis gripped much of East Asia, East and Southeast Asia during the late 1990s. The crisis began in Thailand in July 1997 before spreading to several other countries with a ripple effect, raising fears of a worldwide economic meltdown due to financial contagion. However, the recovery in 1998–1999 was rapid, and worries of a meltdown quickly subsided. Originating in Thailand, where it was known as the ''Tom yum, Tom Yum Kung crisis'' () on 2 July, it followed the financial collapse of the Thai baht after the Thai government was forced to floating currency, float the baht due to lack of list of circulating currencies, foreign currency to support its currency fixed exchange rate, peg to the U.S. dollar. Capital flight ensued almost immediately, beginning an international chain reaction. At the time, Thailand had acquired a burden of foreign debt. As the crisis spread, other Southeast Asian countries and later Japan and South Korea saw slumping currencies, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Recession
The Great Recession was a period of market decline in economies around the world that occurred from late 2007 to mid-2009.“US Business Cycle Expansions and Contractions” United States NBER, or National Bureau of Economic Research, updated March 14, 2023. This government agency dates the Great Recession as starting in December 2007 and bottoming-out in June 2009. The scale and timing of the recession varied from country to country (see map). At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great Depression. The causes of the Great Recession include a combination of vulnerabilities that developed in the financial system ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baht
The baht (; , ; currency sign, sign: ฿; ISO 4217, code: THB) is the official currency of Thailand. It is divided into 100 ''satang'' (, ). Prior to decimalisation, the baht was divided into eight ''fueang'' (, ), each of eight ''at'' (, ). The issuance of currency is the responsibility of the Bank of Thailand. Society for Worldwide Interbank Financial Telecommunication, SWIFT ranked the Thai baht as the 10th-most-frequently used world payment currency as of December 2023. History ImageSize = width:1500 height:auto barincrement:15 PlotArea = top:10 bottom:30 right:130 left:20 AlignBars = justify DateFormat = yyyy Period = from:1250 till:2050 TimeAxis = orientation:horizontal ScaleMajor = unit:year increment:50 start:1250 ScaleMinor = unit:year increment:10 start:1250 Colors = id:canvas value:rgb(1,1,1) id:r value:rgb(0.5,0,0) id:p value:rgb(1,0.1,0.6) id:o value:rgb(1,0.3,0) id:y value:rgb(0.9,0.7,0.1) id:g value:rgb(0,0.4,0) id:m value:rgb(0,0.8,0) id:b value:r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thailand Board Of Investment
The Thailand Board of Investment (BOI) or ''The Office of the Board of Investment'' is an agency of the :Government of Thailand, Government of Thailand. Its mission is to promote foreign investment in Thailand by providing information, services, and incentives to interested foreign investors. The office operates under the wikt:aegis, aegis of the Office of the Prime Minister (Thailand), Prime Minister's Office. The BOI operates 14 offices in major world cities as well as regional offices throughout Thailand. According to the Bank of Thailand (BOT) foreign direct investment (FDI) in Thailand in the first half of 2016 fell by more than 90 percent in value to US$347 million. The BOT said FDI declined from US$4.2 billion in the same period in 2015 to its lowest value since 2005. History and function The Office of the Board of Investment or “BOI” was established in 1966 in accordance with the provisions of the Industrial Promotion Act. Their core mission is to promote investment ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ASEAN
The Association of Southeast Asian Nations, commonly abbreviated as ASEAN, is a regional grouping of 10 states in Southeast Asia "that aims to promote economic and security cooperation among its ten members." Together, its member states represent a population of more than 600 million people and land area of over . The bloc generated a purchasing power parity (PPP) gross domestic product (GDP) of around trillion in 2022, constituting approximately 6.5% of global GDP (PPP). ASEAN member states include some of the fastest growing economies in the world, and the institution plays an integral role in East Asian regionalism. The primary objectives of ASEAN, as stated by the association, are "to accelerate economic growth, social progress and cultural development in the region", and "to promote regional peace and stability through abiding respect for justice and the rule of law in the relationship among countries in the region and adherence to the principles of the United Nation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Economic And Social Development Board
The Office of the National Economic and Social Development Council (), also known as NESDC (), is a national economic planning agency of Thailand. It is a government department reporting directly to the Office of the Prime Minister. The NESDC maintains four regional offices in Chiang Mai, Khon Kaen, Songkhla, and Nonthaburi. Sanit Aksornkoae, Chairman of the NESDC, stated that in 2018 the Office of the National Economic and Social Development Board (NESDB) underwent a major revamp, including being officially renamed the NESDC. The NESDC's Secretary-General is Thosaporn Sirisamphand, appointed 4 July 2018. Its FY2019 budget is 609.7 million baht. Background * Established on 15 February 1950 as the National Economic Council (NEC) * Renamed the Office of the National Economic Development Board (NEDB) in 1959. * Launched the first ''National Economic Development Plan'' in 1961 * Reformed as the National Economic and Social Development Board (NESDB) in 1972, under the Prime Minister' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Thailand
The economy of Thailand is dependent on exports, which accounted for about 58 percent of the country's gross domestic product (GDP) in 2021. Thailand itself is a newly industrialized country, with a GDP of 17.922 trillion Thai baht, baht (US$514.8 billion) in 2023, the 9th largest economy in Asia. As of 2018, Thailand has an average inflation of 1.06% and an account surplus of 7.5% of the country's GDP. Its currency, the baht, is ranked as the tenth most frequently used world payment currency in 2017. The industrial and Tertiary sector of the economy, service sectors are the main sectors in the Thai gross domestic product, with the former accounting for 39.2 percent of GDP. Thailand's agricultural sector produces 8.4 percent of GDP—lower than the trade and logistics and communication sectors, which account for 13.4 percent and 9.8 percent of GDP respectively. The construction and mining sector adds 4.3 percent to the country's gross domestic product. Other service sec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bangkok Post
The ''Bangkok Post'' is an English-language daily newspaper published in Bangkok, Thailand. It is published in broadsheet and digital formats. The first issue was sold on 1 August 1946. It had four pages and cost one baht, a considerable amount at the time when a baht was a paper note. It is Thailand's oldest newspaper still in publication. The daily circulation of the ''Bangkok Post'' is 110,000, 80 percent of which is distributed in Bangkok and the remainder nationwide. It is considered a newspaper of record for Thailand. From July 2016 until mid-May 2018, the editor of the ''Bangkok Post'' was Umesh Pandey. On 14 May 2018, Pandey was "forced to step down" as editor after refusing to soften coverage critical of the ruling military junta. History The ''Bangkok Post'' was founded by Alexander MacDonald, a former OSS officer, and his Thai associate, Prasit Lulitanond. Thailand at the time was the only Southeast Asian country to have a Soviet Embassy. The U.S. embassy felt it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
