Thailand’s besieged government faces a major confidence vote in financial markets next week when a state bank will try to raise about US$600 million in a domestic bond to fund a rice-subsidy scheme that has helped fuel the country’s political crisis. The generous intervention scheme helped Prime Minister Yingluck Shinawatra win power in a 2011
Thai gov’t seeks funds for rice scheme that fuelled protests
Floods May Damage Quarter Of Thai Rice Crop
Thailand may lose a quarter of its main rice crop in the nation s worst flooding in decades, the government estimates, which could boost prices of the staple and further squeeze shipments from the world s top exporter. The flood damage to rice comes at a time when Thailand, which accounts for about 30 per