OECD supports Thailand’s accession to the organisation in 2028
Thailand secures US$200m World Bank loan for clean energy and low carbon cities
Sudden change in sea conditions blamed for foundering of HTMS Sukhothai
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Sudden change in sea conditions blamed for foundering of HTMS Sukhothai
13 Sept 10:55Key points summarised by AI
The Thai Navy attributed the sinking of HTMS Sukhothai to sudden, extreme weather conditions and 6-meter waves, far exceeding the corvette's 4-meter navigation limit.
Severe conditions rendered the vessel uncontrollable and hampered rescue efforts, resulting in 24 confirmed deaths and 5 crew members still missing.
Post-sinking investigations, including joint US Navy dives, revealed that water leaked through the hull and a protective steel plate was severely damaged, contributing to the vessel's foundering.
The widespread extreme weather also led to the sinking of six other vessels, including a cargo freighter, in the Gulf of Thailand on the same night.
Thailand secures US$200m World Bank loan for clean energy and low carbon cities
Yesterday 09:24Key points summarised by AI
Thailand secured a US$200 million loan from the World Bank to significantly invest in clean energy and low-carbon urban development initiatives.
The program aims to drive clean energy funding and low-carbon growth, ensuring a just transition for small and medium-sized enterprises, workers, farmers, and local communities.
Channelled through the Export-Import Bank of Thailand, the loan will fund energy efficiency upgrades in public buildings and industrial areas, including rooftop solar installations and electrical system modernizations, reducing initial capital burdens via Energy Service Companies (ESCOs).