On December 26, 2016, National Broadcasting and Telecommunications Commission (NBTC) permanently revoked the license of the Dhamma Media Channel (DMC.TV) on grounds of it being a threat to the national security of Thailand.
On a recent Daily Dose, the host, M.L. Natthakorn, takes on the topic of amending the Sangha Act. This potential modification centers specifically on Section 7 of the Sangha Act of 1962 - the nomination and assignment of the Supreme Patriarch. The modification will essentially transfer the power to nominate and select the Supreme Patriarch from the hands of the Supreme Sangha Council to that of the Prime Minister. The long term impact this alteration will have, in the eyes of Phra Meteedhammajarn, is colossal and irreparable.
What Transpired and How It Can Be Rectified
Klongchan Credit Union Cooperative (KCUC) initially had a working capital of 21,000 M baht. The issue arose when it permitted 12,000 M baht in loans, making itself illiquid—a state of lacking sufficient funds to meet its obligations. This led to a deficit preventing the cooperative from having available funds for circulation, putting it at risk for bankruptcy. Potential approaches to rectify the situation and restore the cooperative are as follows:
