Thai PM Paetongtarn declares millions in watches and bags among US$400 million assets
She has 75 watches valued at 162 million baht and 39 more timepieces, plus 217 handbags worth 76 million baht

Thailand’s Prime Minister Paetongtarn Shinawatra declared more than US$400 million in assets on Friday (Jan 3), her party said, including more than 200 designer handbags worth over US$2 million and at least 75 luxury watches, valued at almost US$5 million.

The youngest daughter of telecom billionaire and ex-prime minister Thaksin Shinawatra, Paetongtarn took office in September as the fourth member of the clan to lead a Thai government in 20 years.

She was obliged to declare her assets and liabilities to the National Anti-Corruption Commission (NACC).
She identified US$400 million in assets, a document posted on media websites showed.

Her investments were worth 11 billion baht (S$437.2 million) and she had another billion baht in deposits and cash, her declaration said.

Her other assets included 75 watches valued at 162 million baht and 39 more timepieces, plus 217 handbags worth 76 million baht, as well as property in London and Japan, among other holdings.
She also declared liabilities of nearly five billion baht, according to the NACC document posted by local media, giving her a net worth of 8.9 billion baht.

A representative from the Pheu Thai Party confirmed to AFP that the figures reported by local media were accurate.

The prime minister’s father and predecessor Thaksin – who once owned Manchester City football club – has a net worth of US$2.1 billion, according to Forbes, making him the 10th richest person in Thailand.
Thaksin used the wealth generated by his Shin Corp telecommunications empire to propel him into politics, and his family has remained influential even during his years in exile following his ousting in a coup. AFP

Indonesia tops Myanmar rice imports in Apr-Nov

Indonesia is the largest rice trading partner of Myanmar with over 480,000 tonnes in the past eight months of the current financial year 2024-2025 beginning 1 April, according to Myanmar Rice Federation (MRF).
China is the second largest importer of Myanmar rice with over 355,000 tonnes, followed by 246,900 tonnes to Belgium, over 128,300 tonnes to the Philippines, over 44,300 to Senegal, 43,100 to Mozambique, 37,000 to Cote d’Ivoire, 30,000 to Spain, over 27,100 to Cameroon, 17,500 to the Netherlands, over 13,900 to Ivory Coast, over 13,300 to Italy and over 12,300 to Poland.
Myanmar’s rice and broken rice exports reach 1.7 million tonnes during April-November period, with an estimated value of US$804 million, statistics of MRF showed.
The federation aims to achieve 2.5 million tonnes of rice exports in the 2024-2025 financial year (April-March).
The Ministry of Commerce has been cooperating with departments and institutions concerned to achieve monthly export targets and beyond, depending on supply volume of rice, broken rice, pulses, corn, rubber and fisheries from the respective companies.

The Ministry of Commerce is working together with the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry, Myanmar Rice Federation, Myanmar Pulses, Beans, Maize and Sesame Seeds Merchants Association, Myanmar Garment Manufacturers Association, Myanmar Industries Association, Myanmar Rubber Planters and Producers Association, Myanmar Fisheries Products Processors and Exporters Association to meet monthly export targets and facilitate exports.
The federation was projected to achieve 2.5 million tonnes of rice export in the FY 2023-2024, generating earnings of one billion dollar. However, rice exports fell short of target with 1.6 million tonnes worth $845 million.
The Central Bank of Myanmar’s monetary policy to control export earnings impeded rice exports, hurting exporters financially. The El Nino weather condition also hampered rice export, as affirmed by the Myanmar Rice Federation chairperson.
Myanmar exported 2,261,203 tonnes of rice and broken rice to foreign trade partners in the past 2022-2023 FY (April-March), with an estimated value of $853.472 million. — NN/KK

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