‘ Russian Sanctions on Kalashnikov Will Damage US Markets ‘

#AceFinanceNews – MOSCOW – July 17 – Imposing US sanctions on the Russian corporation Kalashnikov, which manufactures the world-famous AK automatic assault rifles, runs counter to the interests of American customers, a spokesman for Kalashnikov told ITAR-TASS.

“For Kalashnikov, which is a subsidiary of the Rostecnologies state corporation, the US is an important market for selling arms,” the spokesman said. “It should be noted that the Kalashnikov products are very popular in the US, and the amount of prepaid orders for arms there is three times as big as the annual supplies volume.”

“This means that the sanctions the US Administration has imposed on Kalashnikov contravene the interests of US consumers,” he said.

Kalashnikov Consortium is the largest producer of automatic and sniper combat arms, guided artillery shells and non-military products. It exports arms and tools to 27 countries, including the US, the United Kingdom, Germany, Norway, Italy, Canada, Kazakhstan and Thailand.

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‘ Thailand Freezes Prices of Goods’

#AceFinanceNews – BANGKOK – June 06 – Thailand’s Commerce Ministry said on Friday that prices of many consumer goods would be capped for six months to November.

The measure is aimed at holding down living costs and boost the economy and confidence. 

“Producers of 205 categories of necessary consumer goods are happy to freeze prices for six months,”Reuters quoted the ministry’s permanent secretary, Srirat Rastapana, as saying.

Rastapana is acting minister under a military government that seized power on May 22.

The move was announced after a meeting with companies and trade associations.

Straits Times

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` Grenades are thrown at the offices of `Thailand’s Anti-Corruption Agency ‘ by Protesters over Corruption ‘

#AceFinanceNews – THAILAND – March 28 – Grenades were thrown at the offices of Thailand’s anti-corruption agency, police said on Friday.

The National Anti-Corruption Commission earlier summoned the prime minister to answer charges of dereliction of duty next week, Reuters reported.

Nobody was injured in the overnight attack, the second on the agency’s offices this week.

The commission is examining the alleged failure of Yingluck Shinawatra to stop corruption and stem huge losses in a government rice-buying program.

Ace Related News – March 12 – 09.41 GMT – #AceWorldNews – Bangkok – Rice producers participating in anti-government protest rally in the Thai capital have caused a blackout in the Trade Ministry headquarters, MCOT news agency reported on Wednesday.

In February, the Thai government managed to negotiate with an initiative group of farmers a schedule for paying debts in order to avoid mass protests in Bangkok, where thousands of farmers were ready to go to demand their money to be paid immediately.

Meanwhile, not all the farmers agreed to wait. http://wp.me/pzTwj-2CR

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` ` Thai Farmers cause `Black-Out ‘ in ` Ministry of Trade ‘ during ` Protest Rally ‘ in Bangkok ‘

#AceWorldNews – Bangkok – Rice producers participating in anti-government protest rally in the Thai capital have caused a blackout in the Trade Ministry headquarters, MCOT news agency reported on Wednesday.

In February, the Thai government managed to negotiate with an initiative group of farmers a schedule for paying debts in order to avoid mass protests in Bangkok, where thousands of farmers were ready to go to demand their money to be paid immediately.

Meanwhile, not all the farmers agreed to wait.

According to MCOT news agency, protesters near the Trade Ministry headquarters prepare to spill on the ground about 10 tonnes of rice.

In 2011, Thai government headed by Yingluck Shinawatra introduced the system of state collateral rice purchase from farmers at rates that significantly exceed market prices.

Thailand is one of the global leaders in rice production, and such methods of regulation in agriculture, economists believe, have led to major losses for the country. In late 2013, the Thai government stopped paying to farmers due to lack of funds.

All government’s attempts to get a credit even in the state bank of Thailand were derailed by oppositionists that strived for the resignation of Yingluck Shinawatra.

To square accounts with the farmers, the Thai government decided to sell the available rice stocks at below-market prices.

March 12. /ITAR-TASS/.

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