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Thailand is a clear leader in corporate governance among Asian and emerging economies. But the recently launched 2013 Corporate Governance Report on Standards and Codes (ROSC) finds key challenges remain.
In the face of the 1997 crisis, Thailand has undertaken significant reforms that have enhanced corporate governance. Both regulators and the private sector in Thailand embraced good corporate governance, and have remained committed ever since. The World Bank also played a role - for example in helping establish the Thailand Institute of Directors in 2002 and conducting a previous Corporate Governance ROSC in 2005, which in turn was used by the Thai Securities and Exchange Commission (SEC) to support the next wave of reform. Overall, progress in the last 15 years has been impressive.
|Photo by echo0101 through a Creative Commons license|
Most of the world celebrates New Year with fireworks. In Thailand we welcome the New Year, in April, with water. During “Songkran” (Thai New Year), we pour scented water on the hands of our elders as a show of respect and to receive their blessings. It’s also a very festive celebration that’s marked by entertainment, water fights that spill into the streets, and a huge amount of people travelling by road to spend the holidays with their families and friends.
When things get out of hand, the situation becomes a recipe for disaster. During the Songkran week of 2012 alone, according to the government’s Road Safety Directing Center (pdf in Thai), there were 320 deaths and 3,320 people injured by road traffic crashes, mostly from drunk driving. Every Songkran becomes a reminder that road traffic injuries and fatalities are still a major public health and development challenge in Thailand.
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Elephant ivory is on the march. Not elephants, but their ivory. The elephants are left bloodied and dead on the range. So are many rangers who work to protect a country’s natural capital. In the past 10 years, over 1,000 rangers have been murdered in 35 countries alone; the International Ranger Federation tell us that as many as 5,000 may have been murdered worldwide in that time.
At the CITES COP – the Conference of the Parties to the Convention on International Trade in Endangered Species – the halls in Bangkok ring loud with concern for the elephants and other charismatic species, particularly rhinos, that are being exterminated across Africa in pursuit of private profit, at the expense of communities that rely on nature for their food, shelter, start-up capital, and safety net in a warming world.
So why should the World Bank care? Our concern is to build strong economies and healthy communities by revving the engine of inclusive green growth as we prepare countries and communities for the impacts of climate change.
What does this have to do with elephant ivory you ask? Simply put, we cannot achieve our dream of a world without poverty without taking account of the rise in wildlife crime.
- endangered species
- South Asia
- East Asia and Pacific
- Sri Lanka
- South Africa
- Lao People's Democratic Republic
- Congo, Republic of
- Congo, Democratic Republic of
Financial Markets…Spanish and Italian government bonds bounced back from their earlier losses, with their benchmark 10-year yields dropping 6 basis points to 5.17% and 4 bps to 4.36%, as a report showed German investor confidence surged to the highest level in nearly three years this month, boosting risk-appetite for the region’s high-yielding debt. Notably, Spain sold €4 billion ($5.35 billion) of 3- and 9-month bills with an average yield of 0.421%, down from 0.441% in January auction.
Historically, cities and civilizations have flourished along water bodies, which not only served as important transportation corridors to spur economic activity and trade, but also as prominent public spaces for religious and cultural interaction. Today, while a large number of cities have turned away from this important natural resource, many have reclaimed and transformed their waterfronts into thriving economic engines and nodes of social activity. Can cities redefine their relationship with water while managing challenges of rapid urbanization?
The World Bank’s South Asia Sustainable Development Unit, in collaboration with East Asia Pacific Sustainable Development Unit, is organizing a webinar on waterfront development to discuss different dimensions of waterfront initiatives and tools for a sustainable regenerative economic environment.
It’s no secret that renewable energy development in developing countries is on the rise. In its most recent report on renewable energy investment, the UN states that investment in renewables in developing countries has grown over ten-fold – from USD 8 billion to USD 89 billion in the past eight years. When taking advantage of solar resources, the clear choice – assisted by large recent reductions in capital cost - has been for solar photovoltaic technologies (Solar PV).
On Nov. 7, 2012, a motorboat carrying 110 illegal immigrants heading for Malaysia capsized in the Bay of Bengal close to Bangladesh’s southeastern border with Myanmar. This tragedy came less than a fortnight after a boat with more than 135 passengers capsized in the same area. “Boat capsized with illegal immigrants from Bangladesh” is a recurring story, with Thailand, Malaysia, and other Southeast Asian countries the destinations of illegal work seekers. What makes Bangladeshis resort to such extreme methods of migration?
All climate negotiations have been based on staying below 2°C above pre-industrial temperatures. Yet it looks increasingly unlikely that that will be possible. A new report, Turn Down the Heat: Why a 4°C Warmer World Must be Avoided, suggests that there is a 40 percent chance that we will reach 4°C by 2100 even if we stick to the agreed emission reduction commitments.
What does water look like in a 4°C world?
Put simply: it's complex. Water is a complicated system and one of the major impacts of climate change is the effect on the hydrological (water) cycle. These impacts will coincide with an unprecedented increase in demand for water because of population and economic growth.
The World Bank has been tracking the world's progress against poverty since the late eighties, but the release of 2008 data was the first time in which all regions of the developing world showed a decline in the number of people living below poverty lines!