BAAC to become first bank to accept trees as loan collateral

13 Sept 21:18 Key points summarised by AI

The Bank of Agriculture and Agricultural Cooperatives (BAAC) will pioneer accepting 58 types of trees as loan collateral in Thailand, providing a new asset for borrowers.
This unprecedented move follows a Cabinet-approved forest bill that reclassifies these previously 'prohibited' trees, allowing private individuals to cultivate them on their land.
The initiative aims to empower low-income earners to secure bank loans, encourage the planting of valuable trees, and contribute to global warming reduction.

Speculation growing over merger between Bhumjaithai and Kla Tham parties

Today 16:46 Key points summarised by AI

A dinner between Bhumjaithai and Kla Tham party leaders sparked rumors of a potential merger, though Bhumjaithai's leader, Anutin, downplayed it as a casual meal.
The meeting is widely interpreted as a strategic message from Bhumjaithai to the Pheu Thai party, signaling alternative support ahead of an upcoming no-confidence debate.
Thailand's Constitution (Section 99) currently prohibits direct mergers of parties with sitting MPs during the House's term, a rule designed to prevent the 'buying and selling' of MPs.
While direct mergers are restricted, MPs can still switch parties if dismissed by a three-fourths party vote or if their party dissolves, allowing for indirect political realignments.
Kla Tham's voting behavior in the censure debate will demonstrate its loyalty to the government, potentially influencing future political dynamics despite current merger restrictions.