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Pawning rice is worse than pawning Thailand
News, Sawai Boonma, Published on 05/12/2012
» Since the launching of the rice-pawning scheme a few months ago ("pawning" is not only a correct translation of the Thai word jam nam but also reflects the sense of the scheme better than the "pledging" that many writers have used), two areas have been analysed most thoroughly: its potential impact on the budget and national debt, resulting from the large losses that will occur, and the corruption that is due to happen at various steps of the scheme. Some analysts go so far as to say that losses from this scheme will bankrupt the country and pawning rice is tantamount to pawning the country.
Keep a keen eye on the advisers, not just the NCPO
News, Sawai Boonma, Published on 06/08/2014
» Recent days saw the 100th anniversary of the beginning of World War One and the latest default by Argentina on its international debt.