Something rotten at the heart of Thai Buddhism
A financial scandal involving nuns at a meditation center is the latest corruption case to rock Buddhist Thailand
Updated: April 29, 2021 04:07 AM GMT
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A file photo of Buddhist nuns attending a meeting in Thailand. Clergymen and clergywomen are generally accorded reverential respect by Thai Buddhists. (Photo: YouTube)
Three Buddhist nuns have been arrested and charged with defrauding several hundred Thais by help of a pyramid scheme-like investment scam conducted at a meditation center near Bangkok.
The nuns were caught after some 400 people had complained to police that the Buddhist clergywomen had encouraged them to invest in a scheme promising high returns but failed to deliver on the promised windfalls.
The Stock Exchange of Thailand (SET)’s Board of Governors (BoG) today resolved to elect Prasarn Trairatvorakul as the 17th Chairman of the Board to succeed Chaiyawat Wibulswasdi whose term has ended, as well as to name Pichet Sithi-Amnuai as Vice Chairman. The current BoG has a three-year tenure, effective from today to February 4, 2024.
Prasarn received his bachelor’s degree in Engineering from Chulalongkorn University, master’s degree in Engineering from the Asian Institute of Technology. He has also obtained master’s degree and doctorate degree in Business Administration from Harvard University, the United States. Prior to joining SET, Prasarn held several prominent national positions such as Governor of Bank of Thailand, Secretary General of the Securities and Exchange Commission (SEC) and Chairman of National Economic Reform Committee, among others. Currently, he holds key positions in other organizations including Chairman of the Board of Governance of the Equitable Ed
21st January 2021
Thailand’s government has pushed through legislation to support social enterprises drive the country’s economic and social progress, but more needs to be done as gaps between investors’ position and government agenda remain.
Access to funding and a lack of public understanding of their impact are major obstacles for social enterprises in Thailand, despite government efforts to support the sector, a new study reveals.
The research,
The State of Social Enterprise in Thailand, commissioned by the British Council and UNESCAP and conducted by the Social Enterprise Thailand Association and the Thailand Development Research Institute with support from Social Enterprise UK, is based on a survey of 146 Thai social enterprises and interviews with government agencies, universities, intermediaries and other organisations representing social enterprises in Thailand.
By Lisa Qian
January 7, 2021
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Paul Kuznets (second from left) with colleagues from the Bank of Korea during the 1966-67 academic year as part of the Country Studies program. Photo courtesy Paul Kuznets.
United Nations consultant, algorithmic stock trader, chief economist of the Office of Management and Budget, Marxist theorist. These are just some of the jobs held by the alumni of the Country Studies program, the flagship research agenda of Yale’s Economic Growth Center (EGC).
When the EGC was founded in 1961, it sent 25 young economists into the field to gather data and write books on the economies of developing countries. But the impact of this effort, known as the Country Studies program, transcends the volumes that were ultimately published. The program shaped careers and networks that have been influential not just within academia, but also to governments, international o
Thailand s economic outlook for 2021
25
published : 23 Dec 2020 at 04:00
25 In this Aug 7 photo, a masseuse sits outside an empty massage parlour on Khao San Road as a result of the Covid-19 lockdown. (Photo by Nutthawat Wicheanbut)
The Thai economy will grow next year after contracting by almost 10% this year. Next year, the Thai economy is expected to expand 3 to 4% from this year. It will not be until the end of 2022 before the Thai economy returns to its pre-Covid level of 2019. However, if there is another wave of Covid-19 in Thailand, or if effective vaccines are delayed, the recovery could be slower than anticipated.