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rice pledging scheme

Thailand’s ex-PM Yingluck said to have fled to Dubai

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Former Thai Prime Minister Yingluck Shinawatra is said to have fled Thailand before a scheduled court verdict on August 25 that could have led...
Former Thai PM ordered to repay $8.1 billion for failed rice scheme

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Former Thai prime minister Yingluck Shinawatra, ousted in 2014 by a coup d'etat,  on May 13 was held accountable to pay around $8.1 billion...
No buyers for Thai rice stockpiles

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Global rice buyers remain reluctant to purchase Thai rice even though prices have fallen drastically and are now on par with Vietnamese grain, the...
Next: Unpaid Thai rice farmers may protest

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The populist rice pledging scheme in Thailand, which was originally meant to keep millions of rice farmers loyal to the government by buying rice...
Thai rice scheme gets another cash injection

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Thailand's Bank for Agriculture and Agricultural Cooperatives (BAAC), responsible for payouts to rice farmers, will borrow 140 billion baht ($4.51 billion) with the finance...
Thailand needs more money for rice subsidies

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Thailand may need to raise new funds for its disputed rice buying scheme as it has fallen behind schedule in repaying the state bank...
Rice mountain growing in Thailand

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Thailand as of late has been desperately trying to reduce its piling rice mountain by selling off stockpiles in international tenders, but the results...

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In Thailand's never-ending story of its costly rice subsidy scheme, the country's ministry of finance has now said it needs to cap the loss...
Thailand to pump more money into rice scheme

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Despite all bad news and the fiscal trouble it has caused, the Thai government said its controversial rice pledging scheme will "continue until rice...
Spotlight: Thailand’s next crucible – A doomsday scenario

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Thailand’s Prime Minister Yingluck Shinawatra appears to be armouring herself for battle. The country’s first female head of state, Yingluck appeared before a royal...
Thai rice price drops to lowest level since 2011

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The day Thailand's reshuffled cabinet approved the reversal of the rice price cut for farmers and reset it to 15,000 baht ($483) per tonne,...
Thai rice fiasco: More problems on the horizon

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The Thai rice thriller gets an extension: The newly established cabinet of Thai prime minister Yingluck Shinawatra on July 1, one day after it...
Losses from Thai rice scheme could reach $22b

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The populist rice pledging scheme in Thailand that granted each farmer a fixed price of 15,000 baht ($484) per tonne could lead to a...
Angry Thai rice farmers rushing to Bangkok for rally

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Thousands of upset rice farmers from up to 40 Thai provinces are expected to storm Bangkok on June 25 and hold a massive rally...
Thai farmers threaten government with march on Bangkok

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Farmers from 22 Thai provinces have issued the government in Bangkok an ultimatum of seven days to to reconsider its decision to slash the...
Thailand cuts rice subsidies

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The Thai government under much criticism agreed on June 19 to cut the fixed price for its rice subsidy scheme from 15,000 to 12,000...
Moody’s threatens to downgrade Thailand

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Global rating agency Moody's Investor Service has warned Thailand that accumulated losses from its rice pledging scheme could result in a credit rating downgrade...