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Thai Khem Khaeng
Thai Khem Khaeng (English: "Strong Thailand", Thai: ไทยเข้มแข็ง, alternately romanized as Thai Khem Khang) 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 c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thai Khem Khang
Thai Khem Khaeng (English: "Strong Thailand", Thai: ไทยเข้มแข็ง, alternately romanized as Thai Khem Khang) 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 c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Korn Chatikavanij
Korn Chatikavanij ( th, กรณ์ จาติกวณิช, , born 19 February 1964 in London) is a Thai Democrat Party (Thailand), Democrat Party politician, best selling author, and former investment banker. From 2008 to 2011, he was Ministry of Finance (Thailand), finance minister under Abhisit Vejjajiva. Early life Korn was born in Princess Beatrice Hospital, London, England, to Mr. Kraisri ( th, ไกรศรี) and Mrs. Rumpa Chatikavanij (née Brahmopala). His father was Commissioner of the Customs Department, Commissioner of the Revenue Department, and Director of the Fiscal Policy Office. His grandfather, Phraya Athikarnprakat ( th, พระยาอธิกรณ์ประกาศ), was Police Commissioner and a member of the Privy Council (Thailand), Privy Council for King Prajadhipok (Rama VII). His uncle, Kasem Chatikavanij ( th, เกษม), was the founder of the Electricity Generating Authority of Thailand (EGAT). The first ancestor of the Chatikava ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baht
The baht (; th, บาท, ; currency sign, sign: ฿; ISO 4217, code: THB) is the official currency of Thailand. It is divided into 100 ''satang'' (, ). 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 January 2019. History The Thai baht, like the Pound (currency), pound, originated from a traditional unit of mass. Its currency value was originally expressed as that of silver of corresponding weight (now defined as 15 grams), and was in use probably as early as the Sukhothai Kingdom, Sukhothai period in the form of bullet coins known in Thai as ''phot duang''. These were pieces of solid silver cast to various weights corresponding to a Thai units of measurement, traditional system of units related by simple fractions and multiples, one of which is the ''baht (unit), baht''. These are listed in the follo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asian Financial Crisis
The Asian financial crisis was a period of financial crisis that gripped much of East Asia and Southeast Asia beginning in July 1997 and raised fears of a worldwide economic meltdown due to financial contagion. However, the recovery in 1998–1999 was rapid and worries of a meltdown subsided. The crisis started in Thailand (known in Thailand as the ''Tom Yam Kung crisis''; th, วิกฤตต้มยำกุ้ง) on 2 July, with the financial collapse of the Thai baht after the Thai government was forced to float the baht due to lack of foreign currency to support its currency 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, most of Southeast Asia and later South Korea and Japan saw slumping currencies, devalued stock markets and other asset prices, and a precipitous rise in private debt. South Korea, Indonesia and Thailand were ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Global Financial Crisis
Global means of or referring to a globe and may also refer to: Entertainment * ''Global'' (Paul van Dyk album), 2003 * ''Global'' (Bunji Garlin album), 2007 * ''Global'' (Humanoid album), 1989 * ''Global'' (Todd Rundgren album), 2015 * Bruno J. Global, a character in the anime series ''The Super Dimension Fortress Macross'' Companies and brands Television * Global Television Network, in Canada ** Global BC, on-air brand of CHAN-TV, a television station in Vancouver, British Columbia, Canada ** Global Okanagan, on-air brand of CHBC-TV, a television station in Kelowna, British Columbia, Canada ** Global Toronto, a television station in Toronto ** Global Edmonton ** Global Calgary ** Global Montreal ** Global Maritimes ** Canwest Global, former parent company of Global Television Network * Global TV (Venezuela), a regional channel in Venezuela Other industries * Global (cutlery), a Japanese brand * Global Aviation Holdings, the parent company of World Airways, Inc., and North A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baht
The baht (; th, บาท, ; currency sign, sign: ฿; ISO 4217, code: THB) is the official currency of Thailand. It is divided into 100 ''satang'' (, ). 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 January 2019. History The Thai baht, like the Pound (currency), pound, originated from a traditional unit of mass. Its currency value was originally expressed as that of silver of corresponding weight (now defined as 15 grams), and was in use probably as early as the Sukhothai Kingdom, Sukhothai period in the form of bullet coins known in Thai as ''phot duang''. These were pieces of solid silver cast to various weights corresponding to a Thai units of measurement, traditional system of units related by simple fractions and multiples, one of which is the ''baht (unit), baht''. These are listed in the follo ... [...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. Its mission is to promote foreign investment in Thailand by providing information, services, and incentives to interested foreign investors. The office operates under the aegis of the 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 by offering both tax-based and non-tax-based incentives. In addition, their m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ASEAN
ASEAN ( , ), officially the Association of Southeast Asian Nations, is a political and economic union of 10 member states in Southeast Asia, which promotes intergovernmental cooperation and facilitates economic, political, security, military, educational, and sociocultural integration between its members and countries in the Asia-Pacific. The union has a total area of and an estimated total population of about 668million. ASEAN's primary objective was to accelerate economic growth and through that social progress and cultural development. A secondary objective was to promote regional peace and stability based on the rule of law and the principles of the UN Charter. With some of the fastest growing economies in the world, ASEAN has broadened its objective beyond the economic and social spheres. In 2003, ASEAN moved along the path similar to the European Union (EU) by agreeing to establish an ASEAN community that consists of three pillars: the ASEAN Security Community, the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Economic And Social Development Board
The Office of the National Economic and Social Development Council ( th, สำนักงานสภาพัฒนาการเศรษฐกิจและสังคมแห่งชาติ), 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 Deve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Thailand
The economy of Thailand is dependent on exports, which accounted in 2019 for about sixty per cent of the country's gross domestic product (GDP). Thailand itself is a newly industrialized country, with a GDP of 16.316 trillion baht (US$505 billion) in 2018, the 8th largest economy of Asia, according to the World Bank. As of 2018, Thailand has an average inflation of 1.06% and an account surplus of 7.5% of the country's GDP. The Thai economy was expected to post 3.8% growth in 2019. Its currency, the Thai Baht, ranked as the tenth most frequently used world payment currency in 2017. The industrial and 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 ... [...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 second oldest newspaper and the oldest 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. From July 2016 until mid-May 2018, the editor of the ''Bangkok Post'' was Umesh Pandey. On 14 May 2018, Umesh 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 needed an independent, but generall ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
