Rice production focus as Thai PM visits Vietnam next week
July 3, 2009
BANGKOK, July 3 (TNA) - Thai Prime Minister Abhisit Vejjajiva will pay a one-day official visit to Vietnam on July 10 to strengthen bilateral relations between the two nations, particularly regarding rice production cooperation, according to Deputy Secretary to the prime minister Dr. Panithan Wattanayagorn.
Dr. Panithan, also acting government spokesman, said the trip was also [...]
Korean business views Thailand as investment magnet
July 3, 2009
SEOUL, July 3 (TNA) – Leading South Korean businesspersons view Thailand as an attractive investment spot, and some plan to shift their production bases into the country, according to Industry Minister Chanchai Chairungruang.
Speaking during a road show in the South Korean capital, Mr. Chanchai said the Board of Investment (BoI) opened its 11th overseas office [...]
Thai Baht opens at 34.13-34.15 against the dollar
July 3, 2009
BANGKOK, 3 July 2009 (NNT) – Thai local currency opened at 34.13-34.15 against the dollar, weaker than yesterday. The Baht traded slightly stronger at 9.24 am today to stand in the range of 34.11-34.13 against the dollar.
Thai Baht is expected to fluctuate in a narrow range of 34.10-34.15 against the dollar today. The trade movement [...]
Thai and Cambodian armies to withdraw excess troops from border
July 3, 2009
BANGKOK, 3 July 2009 (NNT) - Thailand and Cambodia will today reduce the number of troops stationed along the Preah Vihear Temple to ease tensions that have been building for several days.
Deputy PM Suthep Thaugsuban said the Thai Government hoped that the troop withdrawal will soothe growing stress over the border dispute. Mr Suthep asked [...]
Tag Cloud
PM to visit Vietnam on 10 July
July 2, 2009
BANGKOK, 2 July 2009 (NNT) - Prime Minister Abhisit Vejjajiva is scheduled to pay a one-day official visit to Vietnam on 10 July 2009 in order to strengthen bilateral relations and cooperation on rice trading.
Deputy Secretary-General to the Prime Minister Panithan Wattanayakorn stated that Prime Minister Abhisit, along with Deputy Prime Minister Suthep Thaugsuban and [...]
Highlights of 42nd AMM, PMC, 16th ARF rev
July 2, 2009
Tourism operators say business worsens this year
July 2, 2009
BANGKOK, July 1 (TNA) – The global economic slowdown coupled with domestic political problems and the spread of the Influenza A (H1N1) have further depressed Thailand’s tourism business this year, according to a survey.
Thanawat Palavichai, Business Forecast Center director of the University of Thai Chamber of Commerce (UTCC), said the survey was conducted between June [...]
Thai economy to recover in Q4
July 2, 2009
BANGKOK, 2 July 2009 (NNT) – Deputy Prime Minister for Economic Affairs Korbsak Sabhavasu assured that Thai economic figures will turn to the positive in the fourth quarter of 2009.
Mr Korbsak stated that the current economic slump was resulted from many factors, consisting of the global economic crisis, political instability, and the influenza A (H1N1) [...]
Moody’s affirms Shinsei Bank’s A3 rating with negative outlook
July 2, 2009
Tokyo, July 02, 2009 — Moody’s Investors Service has affirmed Shinsei
Bank, Limited (Shinsei)’s ratings, while the ratings outlook remains
negative. The ratings affected are its D+ bank financial strength rating,
Baa3 baseline credit assessment, A3/P-2 long- and short-term deposit
ratings, A3 senior unsecured debt rating, Baa1 senior and junior
subordinated debt ratings, and Baa3 preferred securities rating.
The rating [...]
“World’s largest” shipyard opens in NW China coastal city
July 2, 2009
SHENYANG, July 2 (Xinhua) — A shipyard that has laid claim to be the largest in the world in terms of physical size began operation Wednesday at Changxing Island in Dalian, a coastal city in northeast China’s Liaoning Province.
STX (Dalian) Shipbuilding Co. Ltd., a subsidiary of the STX Group from the Republic of Korea (ROK) [...]
Thai Prime Minister says delayed Preah Vihear temple World Heritage Site registration could solve problems
June 30, 2009
BANGKOK, June 30 (TNA) - Thai Prime Minister Abhisit Vejjajiva said Tuesday he believes a delay in registering ancient Preah Vihear temple on the Thai-Cambodian border as a World Heritage Site could allow the two countries to be able to solve other border problems.
Mr. Abhisit told journalists that Minister of Natural Resources and Environment Suwit [...]
H1N1 infected man’s condition remains serious
June 30, 2009
BANGKOK, 30 June 2009 (NNT) – The health condition of a man hospitalized at the Rajavithi Hospital for influenza A (H1N1) infection is reportedly severe, he is currently under close observation and care from medical staff.
Medical Services Department Deputy Director-General, Wanchai Sattayawuthipong, reported that the 47 year old man now had severe complication of pneumonia [...]
Cabinet endorses use of Internal Security Act at ASEAN meetings in Phuket
June 30, 2009
BANGKOK, 30 June 2009 (NNT) - The cabinet has approved the imposition of the Internal Security Act in Phuket from 10 to 24 July 2009 to ensure safety for the upcoming ASEAN meetings.
Prime Minister Abhisit Vejjajiva announced that the cabinet meeting had endorsed in principle, the enforcement of the Internal Security Act within the entire [...]
Moody’s withdraws Radiant’s A3.id ratings
June 30, 2009
Moody’s withdraws Radiant’s A3.id ratings
Approximately IDR 100 billion bonds affected
Jakarta, June 30, 2009 — PT Moody’s Indonesia has today withdrawn the
A3.id national scale issuer and bond ratings of PT Radiant Utama
Interinsco Tbk. (”Radiant”) for business reasons.
This action does not reflect a change in Radiant’s creditworthiness.
Refer to www.moodys.com for details on Moody’s withdrawal policy.
The last rating [...]
Triumph labour union seeks PM’s help after lay-off
June 30, 2009
BANGKOK, June 30 (TNA) – About one hundred workers and the labour union chief of Triumph International (Thailand) on Tuesday submitted a letter to Prime Minister Abhisit Vejjajiva at Government House asking for the government’s help after almost 2,000 employees were made redundant.
Labour Union chairman Boonsub Kuanfoong said the management of Body Fashion (Thailand), a [...]
Thai shares close 4.12 points lower
June 30, 2009
BANGKOK, 30 June 2009 (NNT) - The Stock Exchange of Thailand (SET) composite index edged down 4.12 points to settle at 597.48 points, in trade worth 19.023 billion baht after the market closed.
The top five most active values were as follows:
PTT closed at 234.00 baht, down 3.00 baht, in trade worth 2.280 billion baht (-1.27%) [...]
Business News »
Korean business views Thailand as investment magnet
July 3, 2009
SEOUL, July 3 (TNA) – Leading South Korean businesspersons view Thailand as an attractive investment spot, and some plan to shift their production bases into the country, according to Industry Minister Chanchai Chairungruang.
Speaking during a road show in the South Korean capital, Mr. Chanchai said the Board of Investment (BoI) opened its 11th overseas office [...]
Bank And Finance »
BoT: Economic trends to improve; Business confidence index to rise
June 30, 2009
BANGKOK, June 30 (TNA) - Thailand’s economy is expected to have hit bottom and the business confidence index is projected to increase to 50.2 in the next three months, its first rise in 15 months, a senior Bank of Thailand (BoT) official said on Tuesday.
Amara Sriphayak, senior director of the BoT Domestic Economy Department, said [...]
General News »
Thai and Cambodian armies to withdraw excess troops from border
July 3, 2009
BANGKOK, 3 July 2009 (NNT) - Thailand and Cambodia will today reduce the number of troops stationed along the Preah Vihear Temple to ease tensions that have been building for several days.
Deputy PM Suthep Thaugsuban said the Thai Government hoped that the troop withdrawal will soothe growing stress over the border dispute. Mr Suthep asked [...]
Economy »
Thai Baht opens at 34.13-34.15 against the dollar
July 3, 2009
BANGKOK, 3 July 2009 (NNT) – Thai local currency opened at 34.13-34.15 against the dollar, weaker than yesterday. The Baht traded slightly stronger at 9.24 am today to stand in the range of 34.11-34.13 against the dollar.
Thai Baht is expected to fluctuate in a narrow range of 34.10-34.15 against the dollar today. The trade movement [...]
Energy »
Dr. Anusorn: Bangchak pegs its retail prices of domestic oil products for next few days
June 9, 2009
BANGKOK, 9 June 2009 (NNT) - Bangchak President Anusorn Saengnimnuan divulged that his company would peg retail prices of its oil products for next few days, while expecting that crude price could hit US$70-80 a barrel in the third quarter.
With the price hike of crude in the global market, Dr. Anusorn said it would direct [...]
Telecom and Technology »
True reports smaller net loss of B360m
May 25, 2009
True Corporation reported a consolidated net loss of 360 million baht in the first quarter, compared with a profit of 3.35 billion in the same period last year. The loss, however, was a sharp improvement from a loss of 1.581 billion baht in the fourth quarter last year.
