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Thailand rises in WEF competitiveness survey

Thailand surged up six places in the World Economic Forum’s most recent Global Competitiveness Report. Released last week, the report now ranks the Kingdom 31st out of 144 countries in terms of its overall economic competitiveness.
Thailand surged up six places in the World Economic Forum’s most recent Global Competitiveness Report. Released last week, the report now ranks the Kingdom  31st out of 144 countries in terms of its overall economic competitiveness.
 
The WEF ranked Thailand 19th best in the world for macroeconomic environment, and said the country continued to improve upon its “already strong showing” in financial development and market efficiency. The Global Competitiveness Report examines 12 economic “pillars” in determining a country’s appeal and performance.

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More than 7,000 candidates apply for Reform Council

More than 7,000 people from all walks of life had applied for positions on the National Reform Council as the deadline for applications approached last week. The 250-member Council will draft ambitious and wide-ranging measures to reform 11 fields important for Thailand’s future, including politics, administrations, the economy, media, energy, public health and the environment and education.
More than 7,000 people from all walks of life had applied for positions on the National Reform Council as the deadline for applications approached last week.

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The King's Constitutional Powers and Beyond

Continuity and change is now an almost cliched theme of historical study. Yet the story of the Thai monarchy demonstrates very clearly the continued general validity of such an approach. Thailand is now a constitutional monarchy and a country aspiring to become a newly developed society, but the traditional principles of righteous Buddhist kingship and kingly virtues remain of paramount importance to the present monarchy. His Majesty has displayed, and continues to display a profound understanding of constitutional kingship as well as the traditional sources and symbols of Thai monarchical tradition.
By Anand Panyarachun
at Chulalongkorn University
May 20, 1996
 
Continuity and change is now an almost cliched theme of historical study. Yet the story of the Thai monarchy demonstrates very clearly the continued general validity of such an approach.

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How the military coup saved Thailand's top holiday island of Phuket from ruin

PHUKET, Thailand (CNN) -- Raddled by allegations of corruption and mismanagement by inept authorities, the Thai holiday island of Phuket looked destined within a few years to have its once-beautiful beaches destroyed by the side-effects of mass tourism.

PHUKET, Thailand (CNN) -- Raddled by allegations of corruption and mismanagement by inept authorities, the Thai holiday island of Phuket looked destined within a few years to have its once-beautiful beaches destroyed by the side-effects of mass tourism.

Since the 2004 tsunami made Phuket even more of a household name around the world, tourism boosters have catered to sharply increasing numbers of visitors, with the island's overwhelmed infrastructure deteriorating rapidly.

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PM and cabinet members take an oath of allegiance to H.M. the King

Gen. Prayuth Chan-ocha, Prime Minister, led the newly appointed council of ministers to take an oath of allegiance to His Majesty the King. Following the Royal Command, dated August 24, 2014, appointing Gen. Prayuth Chan-ocha, Chief of National Council for Peace and Order, as the 29th Prime Minister of Thailand, and a Royal Command to appoint 32 ministers to administer state affairs which are in accordance with Section 19 of the Constitution of the Kingdom of Thailand (Interim), B.E. 2557 (2014),
Gen. Prayuth Chan-ocha, Prime Minister, led the newly appointed council of ministers to take an oath of allegiance to His Majesty the King.
 
Following the Royal Command, dated August 24, 2014, appointing Gen. Prayuth Chan-ocha, Chief of National Council for Peace and Order, as the 29th Prime Minister of Thailand, and a Royal Command to appoint 32 ministers to administer state affairs which are in accordance with Section 19 of the Constitution of the Kingdom of Thailand (Interim), B.E.

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Thailand more competitive: WEF

DESPITE its prolonged political crisis, Thailand has advanced six places to 31st position thanks mainly to the improvement in its macroeconomic environment, according to the World Economic Forum's "Global Competitiveness Report 2014-2015".
DESPITE its prolonged political crisis, Thailand has advanced six places to 31st position thanks mainly to the improvement in its macroeconomic environment, according to the World Economic Forum's "Global Competitiveness Report 2014-2015".
 
However, the country needs to address considerable challenges if it is to maintain competitiveness as other countries, including those in Asean and elsewhere in Asia, are moving up the ladder in the report's Global Competitiveness Index (GCI).
 
In recent years, the Kingdom had gradually moved up from

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Consumer confidence rising, but quick work by govt needed: UTCC

Thais have high expectations of the new Cabinet, but to maintain that confidence, the military-appointed ministers will need to facilitate state spending and do something about falling crop prices, said the University of the Thai Chamber of Commerce (UTCC)'s survey.
The UTCC survey found that the Thai Consumer Confidence Index (CCI) had improved for the fourth consecutive month in August, to 80.1 points compared with 78.2 in July.

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Confidence at 13-month high

Consumer confidence rose for the fourth month in August, hitting a 13-month high, thanks to greater political stability and people's increasing faith in the country's economic recovery
The University of the Thai Chamber of Commerce (UTCC) reported Thursday that the consumer confidence index rose to 80.1 points last month from 78.2 in July, 75.1 in June and 70.7 in May, when the index rose to 80.1 points last month from 78.2 in July, 75.1 in June and 70.7 in May, when the index advanced for the first time in 14 months. 
 
See the actual article at Bangkok Post
 

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Prime Minister promotes open economy, tech transfer

Prime Minister Prayut Chan-o-cha promised Japanese investors last week that he would take measures to increase their ease of doing business in Thailand if they contributed more to the Kingdom’s development, as the new transport minister told foreign investors the government would promote an open, market-based economy that welcomes investors.
Prime Minister Prayut Chan-o-cha promised Japanese investors last week that he would take measures to increase their ease of doing business in Thailand if they contributed more to the Kingdom’s development, as the new transport minister told foreign investors the government would promote an open, market-based economy that welcomes investors. 
 
“Our goal is to revitalize Thailand’s strength as a market-based open economy that is investors friendly,” Transport Minister Prajin Juntong told a conference of foreign investors in Bangkok.
 

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Thailand to offer 5 million baht of rice as aid to West Africa

The National Council for Peace and Order (NCPO) is offering to ship rice worth 5 million baht to West African countries hit by the Ebola outbreak.
The National Council for Peace and Order (NCPO) is offering to ship rice worth 5 million baht to West African countries hit by the Ebola outbreak. 
 
The NCPO is extending its assistance through the World Health Organization (WHO) in a bid to provide humanitarian aid to Ebola patients. 
 
WHO representative Dr. Yonas Tegegn has thanked the kingdom for its contributing to provide global aid for West Africa.

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