The Thai baht, Asia’s best-performing currency in the first quarter, is starting to lose momentum and falls to its lowest level since January. The ba

Thailand’s Baht Falls to Lowest Level Since January

Thailand’s Baht Falls to Lowest Level Since January

Thailand’s Baht Falls to Lowest Level Since January

Thailand’s Baht Falls to Lowest Level Since January

Thailand’s Baht Falls to Lowest Level Since January
Thailand’s Baht Falls to Lowest Level Since January
  • 2019-04-25 08:43:51 7 months ago
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The Thai baht, Asia’s best-performing currency in the first quarter, is starting to lose momentum and falls to its lowest level since January.

The baht weakened to as low as 32.035 per dollar, the weakest level since Jan. 10, and falling through the psychological support of 32.

It was down 0.2 percent at 31.999 as of 9:31 a.m. in Bangkok, after falling through the 100-day moving average for the first time since mid-December earlier this week.

Sentiment for the Thai currency has deteriorated as concerns about political stability linger after the nation held its first general election in March since the 2014 coup.

The Office of the Ombudsman said Tuesday that it has accepted a petition seeking a review by a court on whether the election should be annulled.

“As for domestic factors, we have hick-ups in the political landscape and also have some of the impact from the dividend season” that contributed to the weaker baht, said Roong Sanguanruang, a market analyst at Bank of Ayudhya Pcl in Bangkok.

A slide in Thailand’s baht looks likely


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Thailand’s Baht Falls to Lowest Level Since January

Aggressive doctor restrained in mid-air on flight from Bangkok

Aggressive doctor restrained in mid-air on flight from Bangkok, overpowered and tied up by plane passengers after trying to open emergency exit at 33,000ft.

Passengers overpowered a ‘drunk’ doctor and tied him up to stop him trying to open the emergency exit at 33,000ft.

Russian anaesthetist Vadim Bondar was overpowered by passengers after causing terror on the Aeroflot flight from Bangkok to Moscow.

The ‘extremely aggressive’ doctor was restrained on the packed tourist jet after ‘seeking to open the emergency exit’, according to local media.

The 43-year-old ‘foul-mouthed and violent’ medic had been drinking rum on the ten hour flight even though the airline bans alcohol in economy class on this route, said witnesses.

A blue-shirted Norwegian traveller led the way in tackling the ‘drunk doctor’ soon aided by Russians, said reports.

He cried when they tied him with a belt to a seat and he remained restrained for four hours before the aircraft landed safely in Moscow, passengers said.

One passenger said: ‘He had two bottles of alcohol on him and at some point tried to open an emergency exit.

‘The crew and fellow passengers tried to calm him down, but he kept screaming and yelling.

‘He cried when his arms and hands were bound. He kept sobbing and saying “My hands are tied, I can’t breathe”.’

While he is a qualified anaesthetic working at a top Moscow clinic, another passenger said the medic ‘specialises – ironically – helping patients in critical conditions caused by alcohol and drugs’.

Aeroflot spokeswoman Vera Abanina said: ‘The economy class passenger while quite obviously drunk was rudely violating public order.

‘He was extremely aggressive, threatening and humiliating the flight attendants.

The doctor was overpowered by fellow passengers and cried when they tied him with a belt to a seat where he remained for four hours before the aircraft landed safely in Moscow

‘He screamed and did everything to create maximum discomfort to other flight passengers.

‘Two bottles of alcohol were found and confiscated from the passenger. He did not react to verbal and written warnings from the crew.

‘Other passengers and the crew acted together and fixed the rule breaker in a seat using whatever means they managed to find until the end of the flight.’

Dr Bondar specialises is helping patients in critical conditions caused by alcohol and drugs, Russian media reported

Dr Bondar specialises is helping patients in critical conditions caused by alcohol and drugs, Russian media reported

The ‘air hooligan’ was handed to police on arrival in Moscow airport and underwent a medical check.

A decision will be made on any charges, police said.

Russia’s top criminal investigator Alexander Bastrykin, head of the Russian Investigative Committee, personally intervened to demand a full probe into what happened on the flight.

Dr Bondar admitted he did drink rum but ‘only to pass the time while the plane was going through turbulence’.

He later told journalists: ‘Perhaps I asked the flight attendants too often for water. I was told to return to my seat in a rude manner.’

Dr Bondar later apologised to passengers for ‘causing inconvenience’.

He also told a Russian TV channel: ‘First of all, there were no demands for hijacking anything.

‘The belt was pushing into my jugular vein and larynx which made breathing very hard.’

He also claimed an ‘unknown medication’ was injected into him and that a large cash sum – around £1,000 – was missing from his hand luggage after the plane landed.

He said he would talk to lawyers about his treatment on the flight. – Mailonline


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Drought could decimate Thailand’s Durian crop

The current drought and extreme summer heat could decimate Uttaradit’s crop of iconic Long and Lin Laplae durians, the provincial governor and farmers fear.

The much-loved varieties fetch over Bt1,000 per kilogram in fruit retail sales or a Bt50,000 reservation fee per tree even before it bears fruit.

But this lower northern province has this year already seen many durian, langsat and longkong trees wither.

Uttaradit governor Thanakorn Ungchitpaisarn on Wednesday led officials in an urgent visit to Doi Laplae in Tambon Na Nok Kok of Laplae district, where they inspected damages to the fruit orchards caused by a water shortage. They were saddened to find all fruit trees were withering and dying.

The weather in Uttaradit has been over 40 degrees Celsius for almost a week, and orchards have suffered a prolonged period with no rain.

Officials said that if there were no rainfall within this week, the damage to Uttaradit’s s economy-boosting durian, langsat and longkong fruit – which was almost at 40 per cent now – would rise well beyond 50 per cent and perhaps reach 100 per cent.

Durian and longkong trees usually take at least eight years to be mature enough to bear fruit.

Only a portion of the first batch of durians from Laplae had made it to market, while the second and third batches would be affected, official said.

Thanakorn said he would ask the Chiang Mai royal rainmaking unit to study the feasibility of artificially producing rain over the area to alleviate the problem.

Farmers in the meantime were forced to carry gallons of water to spray over fruit-bearing trees as their top priority, while having to let those that had not yet borne fruit die, said the governor.

Longkong farmer Maron Ngernla said her fruit-bearing longkong trees were shedding dry leaves, a sign they were dying.

“This is the worst conditions in 40 years,” she said. In a plea for help, the farmer lamented that her income would be affected, while she still needed to pay off her debts to a local co-op and the Bank for Agriculture and Agricultural Cooperatives. – The Nation

Thailand says NO DROUGHT this year – despite DROUGHT WARNINGS


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