The impact of Deposit Protection Agencies

The Deposit Protection Agency Act, 2008, will go into effect on the 11th of August 2008. Under this Act, bank deposits will be fully guaranteed during the first year of the Deposit Protection Agency having been established, but the guaranteed amount of deposit will be deducted every year from the fifth year onward; with the guarantee only for deposits of up to one million baht per person per agency (August 11, 2012).

Is the NGV Bus Project a Form of Exploitation?

The purpose of the NGV bus rental project of the Bangkok Mass Transit Authority (BMTA) is to reduce the operational losses of the BMTA, which have presently accumulated to more than 70 billion baht in total. The Minister of Transport also claims that steeply increasing diesel fuel prices will aggravate BMTA’s losses, to the tune of 140 billion baht in the next ten years. However, according to the Minister, replacing diesel buses with NGV buses will lower costs, and reduce accumulated losses for BMTA by 50 percent in the next ten years.