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Seeds of innovation
Asia focus, Pathom Sangwongwanich, Published on 27/02/2017
» Historically seen as the lifeblood of economic prosperity, agriculture is at a crossroads as soaring global demand for food exposes the limitations of traditional farming. However, advances in technology, production techniques and farming know-how are starting to bear fruit in the drive for food security.
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Farmers facing defaults
Business, Pathom Sangwongwanich, Published on 23/07/2016
» Agricultural households are most at risk of defaulting on loans due to their high debt service coverage ratio, which has been exacerbated by the slow economic recovery, reports the Bank of Thailand.
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Rice pledging: the human toll
Business, Pathom Sangwongwanich, Published on 16/02/2014
» The rice pledging scheme was at the heart of the Pheu Thai Party's populist platform that swept Yingluck Shinawatra to power in the 2011 general election. But it has left the country with record rice stockpiles and hundreds of billions of baht in losses at taxpayer cost while throwing farmers into debt after the caretaker government delayed making payments for pledged rice.
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BoT reports no unusual cash runs
Business, Pathom Sangwongwanich, Published on 06/02/2014
» No unusual cash withdrawals from commercial banks have been detected despite concerns over potential deposit runs from several banks following rumours they would extend loans to pay unpaid farmers who pledged their paddy under the debt-ridden rice-pledging scheme.
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