Understand what is happening in Thailand.

According to a report by Prachachat Business, the Land Transport Federation of Thailand has officially submitted a 10-point proposal to the Ministry of Energy. The federation is urging the government to implement fuel price reductions and a comprehensive restructuring of energy pricing to assist transport operators struggling with rising costs driven by the global energy crisis. Thitiphat, a member of the 'Team Sud Soi' advisory group, confirmed that the proposals are currently being reviewed. Minister Ekkanat is expected to hold discussions with representatives from the transport sector within the coming week to evaluate these demands. For residents and travelers, this development is significant as any potential restructuring of fuel prices could influence logistics costs and, by extension, the pricing of goods and services across the country. While the federation has presented its demands, the specific details of the 10-point plan and the government's willingness to adjust the current fuel pricing structure remain to be confirmed. Further updates are expected following the scheduled meetings between the Ministry of Energy and transport industry stakeholders.

Government Outreach to Japanese EV Manufacturers

Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas has announced plans to conduct a roadshow in Japan from November 18 to 20, 2026. During this visit, he intends to meet with representatives from six major automotive companies to discuss the government's proposal to adjust the excise tax on electric vehicles (EVs) to 35%.

Rationale and Implications

According to Prachachat Business, the primary objective of this tax adjustment is to ensure fair competition for manufacturers who have established production bases within Thailand. By aligning tax policies, the government aims to support the long-term sustainability of the domestic automotive sector.

What This Means for Residents and Travelers

For residents and those monitoring the Thai automotive market, this development signals a potential shift in the pricing and availability of electric vehicles in the country. While the proposed tax rate is intended to create a level playing field, it may influence future vehicle costs and the strategic investment decisions of major international car brands operating in Thailand.

Status of the Proposal

It is important to note that these discussions are part of an ongoing outreach effort. The final implementation details, timeline for the tax adjustment, and potential exemptions or transitional measures remain to be confirmed following the conclusion of the ministerial meetings in Japan.

According to a report by Prachachat Business on November 4, 2026, the Thai stock market has experienced a significant downturn, falling for seven consecutive days. During intraday trading, the SET index dropped to 1,470 points, marking a total decline of over 100 points and breaking through the psychological support level of 1,500 points. Analysts from InnovestX attribute this downward trend to heavy selling in the DELTA, energy, and petrochemical sectors. While InnovestX warns that the index could potentially test a lower support level of 1,450 points, they also suggest that the current range of 1,470 to 1,500 points may represent an attractive accumulation zone for investors, particularly in banking, industrial estate, and high-dividend stocks, as the Forward P/E ratio has decreased to 14 times. For residents and expatriates, this market volatility reflects broader economic shifts that may influence local investment climates and currency stability. It remains to be confirmed whether the market will stabilize at these levels or if further external pressures will drive the index toward the 1,450-point support threshold. Investors are advised to monitor official financial updates for further developments.

According to a report by Prachachat Business, the Faculty of Medicine at Ramathibodi Hospital, Mahidol University, has successfully performed Thailand's first robotic-assisted liver transplant. The procedure involved harvesting the left lobe of the liver from a living mother to transplant into her pediatric patient child. The medical team has confirmed the successful completion of two such surgeries to date. This milestone represents a significant advancement in surgical technology within Thailand, utilizing robotic assistance to perform complex living-donor liver transplants. For residents and medical tourists, this development highlights the growing capabilities of Thai medical institutions in integrating high-tech robotics into specialized pediatric care. While this achievement marks a major step forward for local surgical expertise, further details regarding the long-term recovery protocols for these specific cases and the broader availability of this robotic procedure for other patients remain to be confirmed by the hospital. The hospital continues to lead in medical innovation, positioning Thailand as a hub for advanced surgical treatments in the region.

According to a report by Prachachat Business, SUEN Corp (Public) Company Limited has announced a strategic consolidation of its construction materials business. With over 24 years of experience, the company is integrating its operations, spanning from upstream granite mining to concrete manufacturing and retail distribution. This vertical integration is designed to streamline the supply chain and improve service delivery directly to customers. A key driver for this expansion is the company's focus on capturing growth opportunities within Thailand's Eastern Economic Corridor (EEC), a major industrial development zone. For residents and business owners in the region, this development suggests a potential increase in the availability and efficiency of construction material supplies as infrastructure projects continue to evolve. While the company has outlined its strategy for operational synergy, specific details regarding new retail locations or projected production capacity increases remain to be confirmed. The move highlights the ongoing industrial shift in the EEC, as local firms align their business models to support large-scale regional development.

As IKEA marks its 15th anniversary in Thailand, the company has unveiled a strategic shift to navigate the current retail landscape. According to Prachachat Business, the furniture giant is moving away from its traditional large-scale warehouse model to prioritize smaller store formats over the next one to two years. This evolution reflects the company's adaptation to a competitive retail environment and the rise of e-commerce, moving beyond its original 'Cash and Carry' educational phase.

For residents and frequent visitors, this shift means IKEA products may become more accessible through smaller, more conveniently located outlets. The company plans to emphasize kitchen solutions and home organization products, catering to the evolving needs of urban living. This strategy aims to maintain market relevance despite a period of moderate economic growth in the country.

While the company has confirmed its commitment to this new retail model, specific locations for these smaller stores and the exact timeline for their rollout remain to be finalized. Customers should look for future announcements regarding where these new touchpoints will be established. This expansion represents a significant pivot for the brand as it seeks to integrate more deeply into the daily lives of Thai consumers.

According to Prachachat Business, Keisha Lance Bottoms, a Democrat and former Mayor of Atlanta, has secured a historic victory in the Georgia gubernatorial election. This result marks the first time a Black woman has been elected as a U.S. state governor. Furthermore, the win signifies a notable political shift, as Georgia has returned to the Democratic column for the first time in 28 years.

For residents and travelers in Georgia, this change in state leadership may signal shifts in local policy, infrastructure priorities, and social initiatives. As the administration transitions, observers will be watching to see how Bottoms implements her campaign platform and how these changes might influence the state's business and social climate. While the election results are clear, the specific legislative agenda and the composition of her cabinet remain to be confirmed. Those interested in the state's future direction should monitor official announcements from the Governor-elect's office as the inauguration approaches.

According to reports from Khaosod English, the Democratic Party has successfully secured control of the U.S. Senate following the recent midterm elections. This shift marks the end of Republican dominance in the chamber and represents a significant change in the legislative landscape of the United States. The results are being interpreted as a decisive response from voters who expressed frustration regarding economic conditions, specifically high prices, and the current governance under President Donald Trump. While the Democrats have solidified their position in the Senate, they are also reportedly nearing a majority in the House of Representatives. For travelers and expatriates residing in Thailand, this political transition is noteworthy as it may influence future U.S. foreign policy, trade agreements, and international relations that could indirectly impact the region. At this stage, the final composition of the House of Representatives remains to be confirmed, as vote counting continues. Observers are now waiting to see how this new era of congressional resistance will interact with the executive branch and what specific policy shifts might emerge in the coming months. The political climate in Washington remains fluid as the new legislative balance takes shape.

Strategic Expansion in South Korea

Boon Rawd Brewery, the Thai beverage conglomerate behind the Singha brand, has announced a strategic push to accelerate its non-alcoholic beverage business in South Korea as 2026 draws to a close. According to a report by Prachachat Business, the company is focusing on aggressive marketing and event-based engagement to boost the visibility of its products, specifically Singha Soda.

Marketing Initiatives

To capture market share, the company is collaborating with cross-industry partners, including the iconic motorcycle brand Harley-Davidson, to host promotional events. These initiatives are designed to increase brand awareness among South Korean consumers during the year-end period. By leveraging high-profile partnerships and increased advertising, Boon Rawd aims to strengthen its footprint in the competitive non-alcoholic sector.

Impact and Outlook

For residents and travelers in South Korea, this expansion may lead to increased availability and visibility of Thai-branded non-alcoholic beverages in local retail and event spaces. While the company has confirmed its focus on marketing and partnerships, the long-term impact on market share and the specific duration of these promotional campaigns remain to be confirmed. Observers will be watching to see if these efforts successfully translate into sustained consumer demand for Singha-branded products in the Korean market.

On November 4, 2026, Her Royal Highness Princess Sirivannavari Nariratana Rajakanya presided over the national final round of the annual Royal Pattern Textile and Handicraft Competition. The event, reported by Prachachat Business, showcased the 'Princess's Request Pattern' and the 'Queen Sirikit's Floral Pattern' textiles. This initiative aims to preserve and advance traditional Thai craftsmanship, encouraging local artisans to integrate royal designs into contemporary fashion and home goods. For residents and visitors, this event highlights the ongoing cultural significance of Thai textiles, which are increasingly recognized as both heritage items and modern luxury products. The competition serves as a platform for promoting local economic development through the creative industry. While the event successfully concluded its final round, further details regarding the specific winners and the upcoming exhibition schedule for the winning pieces are expected to be announced by the organizing committee in the coming weeks. Those interested in Thai arts and crafts may find these textiles featured in upcoming cultural exhibitions or high-end retail outlets across the country.

According to a report by Prachachat Business citing InnovestX (INVX), the net profit for 98 companies under their coverage is expected to reach 280 billion baht for the third quarter of 2026. This figure represents a significant year-on-year growth of 28.9%. However, the report also notes a quarterly slowdown of 14.4% compared to the previous period.

For residents and investors in Thailand, these figures provide a snapshot of the current corporate landscape amidst global economic volatility. The analysis suggests a strategy focused on 'Laggard & Earnings Play' themes to navigate market fluctuations. While this data offers insight into the performance of major listed firms, it remains to be confirmed how these quarterly results will influence broader market sentiment or individual sector performance in the final quarter of the year. As the economy continues to adjust to global pressures, observers are monitoring whether these earnings trends will stabilize or face further quarterly contraction. This information is intended for general awareness and does not constitute financial advice.

On Wednesday, November 4, 2026, a Thai Airways Boeing 787-9 Dreamliner, operating flight TG663 from Shanghai to Bangkok, was forced to make an emergency return to its departure airport. According to reports from Khaosod English, the flight crew detected a crack in one of the cockpit windows shortly after the aircraft departed from Shanghai. Following standard safety protocols, the pilots initiated a return to the airport to ensure the integrity of the aircraft and the safety of those on board. The flight landed safely back in Shanghai. For travelers and residents, this incident highlights the rigorous safety procedures maintained by commercial airlines when structural anomalies are detected during flight. While the aircraft returned without further incident, the specific cause of the window crack and the timeline for the passengers' rescheduled travel to Suvarnabhumi Airport remain to be confirmed by Thai Airways. Passengers affected by the disruption are advised to monitor official communications from the airline regarding rebooking options and flight status updates. No injuries were reported during the emergency landing, and the incident serves as a reminder of the importance of immediate pilot intervention when technical issues arise in the cockpit.

According to reports from Prachachat Business, the 2026 U.S. midterm elections have drawn significant international attention due to their potential impact on global geopolitics and economic stability. A key development noted in the coverage is the Democratic Party's success in flipping long-held seats, including a historic victory in Texas that marks a shift not seen in 30 years. These results are critical as they will determine the legislative environment for the remainder of President Donald Trump's current term. For residents and travelers, these political shifts are significant as they often signal changes in U.S. foreign policy, trade relations, and international economic cooperation. While the immediate electoral outcomes are being processed, the long-term implications for international travel regulations, currency fluctuations, and global market stability remain to be fully realized. Observers are now waiting to see how the new balance of power in the Senate will affect the administration's ability to implement its agenda over the next two years. Further updates regarding specific policy shifts or legislative priorities are expected as the new political landscape takes shape.

During The Standard Economic Forum, Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas outlined a strategic shift for Thailand's economic trajectory. According to Prachachat Business, the Minister aims to transition the current K-shaped recovery—characterized by uneven growth across sectors—into a more robust V-shaped recovery. To achieve this, the Ministry of Finance is set to introduce a new reform framework titled 'STI DEE' on November 11, 2026.

For residents and business owners, this announcement signals potential upcoming changes in fiscal policy and economic management. The government's focus on structural reform suggests that specific sectors may see shifts in regulatory or financial support. Additionally, the Joint Public-Private Sector Consultative Committee (JPPCC) is expected to announce key performance indicators (KPIs) for seven major industries on November 9, which may further clarify the government's economic priorities.

While the Minister has highlighted the necessity of these reforms to stabilize the national economy, the specific details of the 'STI DEE' initiative remain to be confirmed. Stakeholders are advised to monitor official government announcements following the November 11 launch to understand how these policies might impact local business operations, investment climates, and broader economic conditions in Thailand.

Trade Policy Developments

Supajee Suthumpun, representing Thailand, participated in the APEC ministerial meeting held ahead of the upcoming summit of 21 economic leaders in Shenzhen, China. During the discussions, she emphasized the importance of modern trade rules, specifically advocating for the Free Trade Area (FTA) and the ASEAN Digital Economy Framework Agreement (DEFA). These initiatives are positioned as essential tools to accelerate regional economic integration.

Strategic Focus

Beyond high-level agreements, the Thai delegation is pushing for increased support for Small and Medium Enterprises (SMEs). The goal is to ensure these businesses can effectively utilize trade privileges and gain better access to necessary capital. This focus is significant given that APEC economies currently account for 72.24% of Thailand's total trade volume.

Impact and Outlook

For residents and business owners in Thailand, these discussions signal a potential shift toward more streamlined digital trade and expanded market access. While these frameworks aim to bolster the economy, the specific implementation timelines and the final commitments to be ratified by the leaders in Shenzhen remain to be confirmed. The outcome of these ministerial talks will set the stage for the broader economic agenda to be finalized by the heads of state.

According to a report by Khaosod English, Thailand’s Deputy Prime Minister and Foreign Minister, Sihasak Phuangketkeow, initiated a 10-minute telephone conversation with his Myanmar counterpart on Tuesday, November 3, 2026. The diplomatic outreach follows recent military operations by Myanmar forces against ethnic armed groups near the border, which resulted in injuries to Thai citizens on the Thai side of the frontier. During the call, the Thai Foreign Minister urged Myanmar to take necessary precautions to ensure that their ongoing military activities do not impact Thai territory or its residents. For residents and travelers in border regions, this development highlights the potential for spillover effects from regional conflicts. While the immediate diplomatic contact aims to mitigate further risks, the situation remains fluid. It is currently unconfirmed whether Myanmar has provided specific assurances regarding changes to their tactical operations or if additional security measures will be implemented by Thai authorities in the affected areas. Travelers planning to visit border provinces are advised to monitor local news and official government travel advisories for updates on regional stability.

According to a report by Prachachat Business, global financial markets experienced significant volatility following a sharp downturn in the United States stock market on Friday, October 30, 2026. This event, described by some as a 'Black Friday' for investors, saw a notable decline in AI-sector stocks and a drop in gold prices, effectively ending the recent rally that had pushed gold values toward the '100,000 baht' milestone.

For residents and travelers in Thailand, this global instability may lead to increased fluctuations in currency exchange rates and local investment sentiment. While the immediate impact on daily life remains limited, those managing personal finances or planning significant currency conversions should be aware of the heightened market sensitivity. InnovestX Securities has highlighted the severity of the US market closure, which serves as a primary indicator of the current economic uncertainty.

It remains to be confirmed how long this period of volatility will persist and whether it will lead to broader economic adjustments within the Thai domestic market. Investors are advised to monitor official financial updates closely as the situation develops, as the long-term effects of this global market correction are still unfolding.

According to a report by Prachachat Business, the Thai Ministry of Industry has officially recognized the '105 Landfill' facility, operated by Absolute Clean Energy (ACE) in Udon Thani, as a benchmark for industrial waste management. Spanning 177 rai, the site has been praised for its adherence to strict environmental and community sustainability standards. Tanachai Bunditvorapoom, CEO of ACE, expressed satisfaction with the recognition, noting that the facility's systematic approach to waste sorting and landfill management serves as a quality model for the industry. For residents and visitors in the Udon Thani region, this development highlights ongoing efforts to modernize waste infrastructure and mitigate the environmental impact of industrial operations. While the Ministry has lauded the facility's current operational standards, the long-term environmental monitoring data and the potential for this model to be replicated in other provinces remain to be confirmed. The recognition underscores a broader push within Thailand to improve waste disposal practices, which may influence future industrial zoning and environmental regulations in the area.

According to Prachachat Business, Minister Phiphat Ratchakitprakarn has officially overseen the breakthrough of the Ngao Tunnel, which now stands as the longest railway tunnel in Thailand at 6.2 kilometers. This engineering achievement is a critical component of the new double-track railway line connecting Den Chai, Chiang Rai, and Chiang Khong. The project is designed to link four northern provinces and establish a vital trade gateway between Thailand, Laos, and the broader region. For residents and travelers, this infrastructure development represents a significant step toward enhancing connectivity across Northern Thailand, potentially streamlining logistics and future passenger travel from the north to the south. While the breakthrough is a major construction milestone, the full operational timeline for the entire railway network remains to be confirmed, with reports indicating a target opening around 2028. This project is expected to serve as a backbone for regional economic integration, though further updates regarding specific station facilities and service schedules are still pending.

According to the latest data released by the Gold Traders Association on November 11, 2026, the price of gold in Thailand has decreased by 300 baht compared to the previous day's closing price. As of 09:05 local time, gold ornaments are being sold at 65,150 baht per baht-weight, while domestic gold bars are being purchased at 64,150 baht per baht-weight. This update, reported by Prachachat Business, reflects the current market fluctuations monitored by the association. For residents and investors in Thailand, these price adjustments are a standard part of the local gold market, which is a popular asset class for savings and investment. Travellers interested in purchasing gold jewelry should be aware that prices are subject to daily changes based on global market trends and local association updates. While these figures provide a snapshot of the current market, it remains to be confirmed how long this downward trend will persist or if prices will stabilize in the coming days. Those planning significant transactions are advised to check the official Gold Traders Association website for the most up-to-date information before making any financial decisions.

On the morning of November 11, 2026, Her Majesty Queen Suthida traveled to Phuket to officially open the Global Wellness Summit 2026. According to reports from Prachachat Business, the ceremony commenced at 8:35 AM, marking the start of this significant international gathering focused on the global wellness economy. The summit brings together industry leaders, experts, and policymakers to discuss the future of health and wellness sectors. For residents and travelers in Phuket, the presence of such a high-profile international event highlights the island's growing status as a premier destination for health-oriented tourism and global conferences. While the summit is now underway, specific details regarding the full schedule of public-facing side events or potential traffic disruptions in the vicinity of the venue remain to be confirmed by local authorities. Visitors are encouraged to monitor local news for any updates regarding event-related logistics or temporary changes to local travel routes during the summit period.

Sansiri Expands Phuket Portfolio

Real estate developer Sansiri has officially announced its return to the Patong area of Phuket after a ten-year hiatus. The company has launched a new low-rise condominium project titled 'BRISA PATONG by Sansiri,' with starting prices from 3.9 million THB. The development is situated on Patong Sai 3, a location the company describes as having global appeal.

Strategic Timing for High Season

According to Prachachat Business, the launch is strategically timed to coincide with the onset of Phuket's high season, which typically sees a significant increase in tourism and property interest. The project is part of a broader series of developments Sansiri has been rolling out across the island.

What This Means for Residents and Investors

For potential residents and investors, this development signals continued confidence in the Phuket real estate market, particularly in high-traffic tourist hubs like Patong. The focus on low-rise construction suggests an effort to integrate into the existing urban landscape of the area.

Status of the Project

While the project has been officially unveiled, interested parties should monitor further announcements regarding construction timelines and specific unit availability. As with any property investment, prospective buyers are encouraged to conduct their own due diligence regarding local zoning and development regulations in the Patong area.

According to a report by Thai Post, Bangkok Airways has released its financial results for the first nine months of 2026, showing a robust performance. The airline recorded a profit of 3.7 billion baht, representing a 20% increase compared to the same period in the previous year. This growth highlights the airline's strong recovery and operational success within the aviation sector. For travellers and residents, this financial stability is a positive indicator of the airline's capacity to maintain its current flight schedules and service standards. A healthy balance sheet often suggests that the carrier is well-positioned to manage operational costs and potentially invest in service improvements or route expansions. While these figures reflect a strong financial position, the airline has not yet provided specific details regarding its outlook for the final quarter of the year or potential changes to ticket pricing strategies. Stakeholders and passengers should monitor future announcements from the company to see if this growth trend continues through the end of the year. The report serves as a snapshot of the company's current fiscal health as it navigates the competitive Thai aviation market.

According to Prachachat Business, SKY ICT and Thoresen Thai Agencies (TTA) have announced a joint investment of 100 million baht to acquire the intellectual property and assets of the Thai food delivery platform, Robinhood. Under the terms of the agreement, both SKY ICT and TTA will each hold a 45% stake in the platform, while the remaining 10% will be retained by SCB.

For residents and frequent visitors in Thailand, this acquisition is significant as it signals the continuation of the Robinhood service, which has been a popular local alternative in the competitive food delivery market. By combining SKY ICT’s technological infrastructure with TTA’s logistics expertise, the new ownership aims to stabilize and potentially revitalize the brand.

While the investment secures the platform's future, several details remain to be confirmed. It is not yet clear how the operational structure will change under the new management or if there will be immediate updates to the user interface, delivery fees, or service coverage areas. Users should monitor official announcements from the platform regarding any potential changes to their accounts or service availability as the transition progresses.

According to a report by Khaosod Online, technology provider Sky ICT and shipping conglomerate Thoresen Thai Agencies (TTA) have formed a joint venture to acquire the intellectual property of the Thai food delivery platform, Robinhood. The investment, valued at 100 million baht, grants the two companies a combined 90% stake in the platform, with each holding 45%. The remaining 10% stake will be retained by Siam Commercial Bank (SCB), whose board has already approved the transaction.

This acquisition includes the platform's software and trademarks, marking a significant shift for the service following its previous operational uncertainty. The new owners aim to revitalize the brand and resume delivery operations before the start of 2027. For residents and frequent visitors, this development suggests that the popular local delivery app may soon return to the market, potentially restoring a familiar service option. While the acquisition has been finalized at the board level, specific details regarding the exact relaunch date and potential changes to the user interface or service model remain to be confirmed as the new management team begins the transition process.

During the 43rd-anniversary celebration of GMM Grammy, popular Luk Thung singer Yinglee Srijumphon spoke about her future in the music industry. Her current contract is set to expire on March 27, 2027, which coincides with her birthday. While she expressed a strong desire to renew her partnership with the label, she admitted to feeling discouraged by online comments criticizing her age and questioning her continued performance of dance-oriented music.

For residents and fans of Thai pop culture, this highlights the ongoing pressures faced by veteran performers in the industry. Yinglee also shared a positive update regarding her personal life, confirming she has been in a relationship for approximately one year with a partner three years her junior. She noted that this relationship has provided emotional support following the challenges she faced after her former partner suffered a disabling accident.

As of now, the formal renewal of her contract remains to be confirmed. Fans and industry observers are waiting for an official announcement from both the artist and GMM Grammy regarding the final decision. This situation serves as a reminder of the personal challenges public figures navigate while balancing professional longevity with public scrutiny.

Following public interest regarding an individual frequently seen with Thai celebrity Panadda 'Boom' Wongphudee, the Royal Thai Navy released an official statement on November 11, 2026. According to Matichon Online, the Navy clarified that the man in question is not a commissioned military officer or a career civil servant within the armed forces. Instead, the individual is identified as a member of the naval reserve force. The clarification was issued to address public speculation and ensure accurate reporting regarding the individual's professional status. For residents and visitors in Thailand, this incident highlights the high level of public and media scrutiny surrounding the personal lives of local celebrities and their associates. While the Navy has confirmed the man's status as a reservist, no further details regarding his specific duties or personal background have been disclosed. As this is a matter of public interest concerning a private individual's professional affiliation, it remains to be seen if further inquiries will arise. The situation serves as a reminder of the importance of verifying information regarding military affiliations in Thailand, where such titles often carry significant social weight.

According to a report by Thai Post, the jewelry retailer Jubilee Diamond is adjusting its business strategy to navigate a period of sluggish consumer purchasing power in Thailand. Facing ongoing economic pressure, the company is moving away from traditional retail methods to implement an 'Experience-Driven Luxury' model. This approach aims to transform the diamond purchasing process into a more immersive experience, which the company believes will serve as a long-term strategy for sustainable profit growth. For residents and visitors, this shift suggests that Jubilee Diamond stores may soon offer more personalized or interactive services rather than standard retail displays. While the company is optimistic that this strategic pivot will help them overcome current market challenges, the long-term effectiveness of this model in the face of broader economic volatility remains to be seen. Consumers interested in luxury goods may notice changes in store layouts and service offerings as the brand rolls out these new initiatives. Further details regarding specific store locations implementing these changes or the exact nature of the new customer experiences have not yet been fully disclosed.