The Thai Government has approved a rice aid package worth 97.95 billion THB (2.94 billion USD) for the 2018-19 crop, aiming to encourage farmers to delay their paddy sales and improve harvesting and price quality.
Thai farmers harvest rice on a field in Tak Bai district of Narathiwat province (Photo: AFP/VNA)
Bangkok (VNA)– The Thai Government has approved a rice aid package worth 97.95 billion THB (2.94billion USD) for the 2018-19 crop, aiming to encourage farmers to delay theirpaddy sales and improve harvesting and price quality.
The packageincludes a 35.06 billion THB loan to be offered by the State-owned Bankfor Agriculture and Agricultural Cooperatives (BAAC), with 62.89 billion THB inone-off payments that the Government will hand out directly to farmers via theBAAC.
According to thePrime Minister’s Office, there will be three credit schemes with differentpurposes.
The first is a loanscheme for farmers who agree to delay their paddy sales and the grant forharvesting and price-quality improvement costs will cost an estimated 22.56billion THB.
Accordingly, thegovernment will grant 1,500 THB per rai (equivalent to 0.16ha) forharvesting and price-quality improvement costs, capped at 18,000 THB per familyand not more than 12 rai (or 1.92ha).
Farmers are also entitled to earn17,050 THB per tonne for hom mali (jasmine) fragrant rice; 15,450 THB per tonnefor glutinous rice; 12,000 THB per tonne for white rice; and 12,900 THBper tonne of Pathum Thani fragrant rice, if they agree to hold their paddyunder the barn-pledging scheme.
The second is a credit worth 12.5 billion THB forfarming cooperatives to gather rice or add value to rice, together with a 3-percentinterest subsidy programme for rice traders who agree to hold stocks for 60-180days estimated to cost the government 572 million THB.
Theseprogrammes will run from September this year to September 2019, in allprovinces, except for the south. Those for the southern region will start fromJune to October 2019. –VNA
The National Rice Policy Committee of Thailand, chaired by Prime Minister Prayut Chan-o-cha, has recently approved a mechanism to build rice barns in a bid to stabilise rice price and facilitate rice export.
Thailand was the world's rice top exporter in the January to March period with 2.78 million tonnes shipped abroad, up 3.1 percent year-on-year, according to the Thai Rice Exporters Association.
The Thai Rice Exporters Association (TREA) has revised its 2018 rice export target to 10 million tonnes from the previous forecast of 9.5 million tonnes, after exports of the grain for the first four months of this year performed better than expected.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Thai farmers harvest rice on a field in Tak Bai district of Narathiwat province (Photo: AFP/VNA) 
