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One month needed for Interpol consideration over Thaksin´s case
July 16, 2010
BANGKOK, 16 July 2010 (NNT) – A nod from the Paris-based international police intelligence-sharing association, Interpol, over case of self-exiled ex Prime Minister Thaksin Shinawatra should be known within one month. Police Maj-General Terdsak Rujirawong, Commander of the Royal Thai Police Foreign Affairs Division, said on Friday that an arrest warrant on terrorism charge issued [...]
Loan clients urged to be well-prepared for higher finance costs
July 16, 2010
BANGKOK, July 16 – Loan customers, particularly small- and medium-size enterprises (SMEs), must have well-prepared business plans to cope with higher financial costs in the face of an upward interest trend, according to the Kasikorn Research Center (KRC), a leading Thai financial think tank. Kasikorn said that major domestic commercial banks had begun raising the [...]
4 Govt agencies cooperate to promote Thai investment abroad
July 12, 2010
BANGKOK, 12 July 2010 (NNT) – The Office of Thailand Trade Representative (TTR) joins force with three financial institutions to promote Thai investments abroad, with operators in various business groups showing keen interest in the project. TTR along with SME Bank, EXIM Bank and the Government Pension Fund (GPF) announced their cooperation in credit support [...]
Commercial banks announce hikes in interest rates on fixed deposits
July 16, 2010
BANGKOK, 16 July 2010 (NNT) —Interest rates on fixed deposits and lending rates have been hiked by financial institutions following the hike in the policy rate by the Central Bank. Krungthai Bank has announced its fixed deposit interest rate hike of 0.25-0.35%, while key lending rates would be increased by 0.125-0.15%, effective today. Siam Commercial [...]
Thai exporters urged to watch out for European economic crisis
July 12, 2010
BANGKOK, 12 July 2010 (NNT) – The Ministry of Commerce has warned Thai exporters to Europe to be on alert of the current situation in the European market amidst the looming economic crisis in the region. Ms Srirat Rastapana, Director-General of the Department of Export Promotion (DEP) under the supervision of the Ministry of Commerce, [...]
Economy in fisrt 5 months expanded continuously despite political rift
July 12, 2010
OAG to present Democrat’s donation case to court on 13 Jul
July 12, 2010
BANGKOK, 12 July 2010 (NNT) – The Office of the Attorney-General (OAG) is planning to submit a letter to the Constitutional Court for deliberation of the Democrat Party’s donation case tomorrow. Deputy Attorney-General Waiyawut Lortrakul revealed that the OAG’s working team was preparing to present a petition for the Constitutional Court’s final ruling on the [...]
Economy in fisrt 5 months expanded continuously despite political rift
July 12, 2010
BANGKOK, 12 July 2010 (NNT) – The Economic Cabinet meeting acknowledges the economic situation in the first five months of 2010 which continuously expands despite political impact, while the tourism sector that has just recovered in June is deemed to turn normal by year-end. According to a report by the Bank of Thailand (BoT) presented [...]
Economy in fisrt 5 months expanded continuously despite political rift
July 12, 2010
BANGKOK, 12 July 2010 (NNT) – The Economic Cabinet meeting acknowledges the economic situation in the first five months of 2010 which continuously expands despite political impact, while the tourism sector that has just recovered in June is deemed to turn normal by year-end. According to a report by the Bank of Thailand (BoT) presented [...]
PM unfazed by rumours of assassination attempt
July 1, 2010
BANGKOK, July 1 – Thai Prime Minister Abhisit Vejjajiva said on Thursday that he is unfazed by rumours of a purported assassination attempt against him, but said that tightened security measures will be provided for the country’s key figures and that the state of emergency should remain in force in the capital. The prime minister [...]
Permanent free public transport to be decided by year-end
June 30, 2010
BANGKOK, 30 June 2010 (NNT) – The Ministry of Finance expects to bring the final conclusion to the plan to provide free public transport permanently before the end of this year. As part of the government’s effort to alleviate low-income earners’ financial hardships, Finance Minister Korn Chatikavanij disclosed today that the ministry currently deemed the [...]
Leading economic analyst opposes govt’s relief measures
June 30, 2010
BANGKOK, 30 June 2010 (NNT) – Director of the Center of Economic and Business Forecasting (CEBF) Dr Thanawat Polvichai has voiced his opposition to the government’s relief measures, saying that they are not the solution to the high cost-of-living problem and that they are ruining the mechanism of the market. Speaking of the government’s decision [...]
Business News »
Loan clients urged to be well-prepared for higher finance costs
July 16, 2010
BANGKOK, July 16 – Loan customers, particularly small- and medium-size enterprises (SMEs), must have well-prepared business plans to cope with higher financial costs in the face of an upward interest trend, according to the Kasikorn Research Center (KRC), a leading Thai financial think tank. Kasikorn said that major domestic commercial banks had begun raising the [...]
Bank And Finance »
Commercial banks announce hikes in interest rates on fixed deposits
July 16, 2010
BANGKOK, 16 July 2010 (NNT) —Interest rates on fixed deposits and lending rates have been hiked by financial institutions following the hike in the policy rate by the Central Bank. Krungthai Bank has announced its fixed deposit interest rate hike of 0.25-0.35%, while key lending rates would be increased by 0.125-0.15%, effective today. Siam Commercial [...]
General News »
Summary of the 9th APEC Energy Meeting
July 12, 2010
Thai delegates led by Minister of National Resources and Environment, Suwit Khunkitti, along with international counterparts from 20 countries attended the 9th Asia-Pacific Economic Cooperation (APEC) Energy Ministerial Meeting in Fukui, Japan on 19 June 2010. During the summit, a speech on the “Low Carbon Paths to Energy Security: Cooperative Energy Solutions for a Sustainable [...]
Economy »
4 Govt agencies cooperate to promote Thai investment abroad
July 12, 2010
BANGKOK, 12 July 2010 (NNT) – The Office of Thailand Trade Representative (TTR) joins force with three financial institutions to promote Thai investments abroad, with operators in various business groups showing keen interest in the project. TTR along with SME Bank, EXIM Bank and the Government Pension Fund (GPF) announced their cooperation in credit support [...]
Energy »
Moody´s chops down PTT´s credit
June 29, 2010
BANGKOK, 29 June 2010 (NNT) – An international credit rating firm, Moody’s Investors Service, has lowered the creditworthiness of Thai petroleum giant PTT Plc from A2 to A3 with a negative outlook. Moody’s Investors Service has changed the local currency issuer rating for PTT Plc from A2 stable to A3 negative while the foreign currency [...]
Politics »
One month needed for Interpol consideration over Thaksin´s case
July 16, 2010
BANGKOK, 16 July 2010 (NNT) – A nod from the Paris-based international police intelligence-sharing association, Interpol, over case of self-exiled ex Prime Minister Thaksin Shinawatra should be known within one month. Police Maj-General Terdsak Rujirawong, Commander of the Royal Thai Police Foreign Affairs Division, said on Friday that an arrest warrant on terrorism charge issued [...]