Thailand News Today | Bank of Thailand plans bailout of crumbling baht

The Bank of Thailand (BOT) is trying to control the baht and the economy
through some difficult times. Since the government seems to be running out of ideas,
Start of the economy due to high debt, responsibility has fallen
the central bank.
The central bank’s latest move to raise interest rates by 0.25 percent
However, points to 1% has had some analysts questioning whether the BOT had done
enough to stem the baht’s rapid depreciation caused by the widening gap
between the reference interest rates in Thailand and the United States. The Federal Reserve
The bank has aggressively raised interest rates to a range of 3-3.25%. BOT Governor
is “exhausted” when trying to explain the bank’s actions. Like the global stock market
The Thai stock market has been very volatile lately with the baht dipping below 37
to the dollar, a key psychological barrier raising fears that it may be weakening
40 per dollar. Analysts warned that the BOT should prioritize weakening
baht rather than just focusing on inflation. Moving too slowly could result in higher ones
costs later. The baht has lost just over 5% over the past month. The dollar has
has appreciated about 18% this year, while the baht has weakened an average of 12%
from the group of currencies weakened against the Japanese yen,
which has fallen by 20%. With observers worried that the devaluation of the baht
will push up inflation, the BOT governor argued that so far
The far weaker baht has not led to inflation. Headline inflation peaked
the third quarter and it will start to fall while core inflation
(excluding fresh food and energy) will peak in the fourth quarter.

According to Traisuree Traisoranakul, deputy government spokesman, the
Cabinet approved a project to build an international medical center in Phuket
yesterday, at an estimated cost of about five billion baht. When you finish that
The project is expected to generate annual sales of about 62 billion baht
medical tourism.
The Andaman International Medical Hub serves as a training center,
produce around 110 doctors, nurses, pharmacists, medical technicians, etc
other medical professionals. The project includes a facility for research
and development of health services and will serve as a hospital that will be
able to treat basic to complicated conditions and will increase
Trusted by locals and tourists alike that they have access to reliable ones
and quality medical care, the deputy spokesman said. The hospital will
300 beds and will be able to handle no less than 12,500 complicated cases and cases
over 300,000 outpatients per year. It is also furnished
with the first advanced dental facility in the southern region, she added.
The project aims to help Thailand become a medical center and health center
Tourism center for the region, in line with the government’s 20-year National
Strategy. The project’s funding of around 5 billion baht will be split across five
years, with 1.29 billion baht next year, 1.66 billion baht for the second
year, 1.49 billion baht, 498 million baht and 193 million baht for the third, fourth
or fifth year.

Thailand’s Health Ministry will start vaccinating children between the ages of six months and four years
The Ministry of Health has introduced COVID-19 vaccinations for children of old age
from six months to today (Wednesday) 4 years old, with the Pfizer “red cap” vaccine,
approved by the Department of Medical Sciences.
According to the government’s website, Thai Khu Fah, vaccination is voluntary
and only with parental consent. The vaccination schedule consists of three 3μg
doses over a period of three months. The first and second doses are administered
one month apart, followed by the third dose two months later. After vaccination
Parents are advised to wait 30 minutes with their children at the vaccination site
Monitoring. Vaccination for this group of infants is segregated
other children to avoid confusion about the administration of the vaccine. Cite a study
in the United States, which has had more than a million doses of a similar vaccine
Given to children, the health ministry said there were fewer cases
of side effects in young children than in older children and there were none
in case of serious side effects or death in vaccinated persons. This was announced by the ministry
The Pfizer vaccine is safe and can reduce the incidence of multisystem inflammation
Syndrome among children (MIS-C), a serious illness associated with COVID-19.

Manager of famous Thai rapper “Illslick” sentenced to two years in prison for sex scandal
Yesterday the court sentenced ‘Lily’, the manager of famous Thai rapper ‘Illslick’,
to two years in prison without parole for “luring” an 18-year-old into having sex
the rapper in Khon Kaen in northeastern Thailand in February last year.
The Khon Kaen Provincial Court found Lily [surname withheld] guilty “satisfactory
the lust of others by luring, offering, seducing a woman into indecent actions,
even if that person has consented.” The court argues that 18-year-old Anna was naïve and
pressured to say yes to sex with then-34-year-old Tikhamporn “Illslick.”
Wetthaisong from Khon Kaen Province. Lily hired Anna – from the province of Satun –
for the vague role of “grooming and helping out” the rapper for 10 days.
February 2021. It seemed an attractive job offer with a wage of 1,000 baht a day,
free board, lodging and inter-provincial travel expenses.
As a fan of Illslick’s music, Anna was interested in the job. However, it was her
never informed by Lily that she was being asked to have sex with the rapper. she
said she would not have taken the job had she known.
Anna, who was 18 at the time, traveled all the way from Satun, USA
South of Khon Kaen in Isaan, Anna felt compelled to say yes to sex
Illslick because she had nowhere else to go and no one to turn to, she said.
The victim demanded compensation of 3 million baht for the suffering she suffered
Incident. However, her request was denied by the court, which she confusingly said
could not be compensated because she “had sex voluntarily”.
Illslick was not charged at all over the scandal. The age of consent is 15 inches
Thailand, where it is a criminal offense for adults to have sex with anyone under the age of 18
Year old.

A Thai motorcycle taxi driver in southern Songkla province said he ripped one off
Malaysian tourist because his washing machine broke. The driver claims it’s the first
Mal overcharged a customer after charging the stranded tourist 500 baht for a
journey that is only two kilometers long.
A member of Hat Yai Municipal Council reported the incident on Facebook
Monday 10 October. He announced that he had received a complaint about a Thai motorcycle
Taxi driver from a Malaysian tourist. That’s what the foreign tourist said to the councillor
His car was stuck and he was fined at the Mueng Had Yai Police Station
remove the clamp. The Malaysian waved to a nearby motorbike taxi driver, who then
charged 500 baht to take him to the police station. The council member said so
The distance from the tourist’s car to the police station was about two kilometers,
and the fare should be around 100 baht for a round trip, not 500 baht.
Khaosod reported yesterday that the inspector of traffic police arrested the suspect
motorcyclist. The councilor made public that the motorcyclist
initially dismissed the accusation, saying the Malaysian tourist was happy
to tip him 500 baht. However, he later admitted his crime to the police
told him he could go to jail for making a false statement. The Motorcyclist
confessed that he had no passengers that day. He saw that the Malaysian was stuck
and offered him a ride for an inflated fee. The motorcyclist said he did not threaten
the tourist. He claimed he had been a motorcycle taxi for 21 years and it was the first time
He ripped off a customer. He added his washing machine was broken and he needed it
the money to fix it. The taxi driver said he had regrets and wanted to apologize
Destroying the good reputation of Hat Yai district. He was then charged
Section 159 of the Land Transport Act: charging fares above the standard fare.
He faces a fine of up to 5,000 baht. Officers also found that his motorcycle was untaxed
So he was fined an additional 2,000 baht. Police added they were considering a suspension
his public transport driver’s license.

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