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December 2009
Securities Companies Association concerned by ‘no commission’ offer
By k on December 30, 2009
BANGKOK, Dec 30 (TNA) – Executive directors of Thailand’s Association of Securities Companies will meet early next year to discuss impacts of the move by two securities firms to collect no commission on the excess to a trading amount of Bt20 million, according to an industry executive. Association president Jongrak Raruaysong said the two companies [...]
Bangkok Bank invests 20 bn THB in China
By k on December 30, 2009
BANGKOK, 29 December 2009 (NNT) – Bangkok Bank PCL launches Bangkok Bank China Co, Ltd with the registered capital of 20 billion THB. President of Bangkok Bank Chartsiri Sophonpanich said that the Bangkok Bank China Co, Ltd was officially opened on 28 December 2009. The new company is a wholly foreign-funded bank, with Bangkok Bank [...]
Thailand-Russia to improve trade and investment partnership
By k on December 30, 2009
BANGKOK, 29 December 2009 (NNT) – Thailand and Russia aim high in bilateral trade as they view each other as prospective markets in the next decade. At a recent meeting between the Thai and Russian trade delegations in Bangkok, both sides shared experience in ways to increase trade opportunities. They agreed to exchange business representatives [...]
ICT to launch satellite TV online
By k on December 30, 2009
BANGKOK, 29 December 2009 (NNT) – The Ministry of Information and Communication Technology (ICT) is going to launch a satellite television broadcasting information technology news, to begin in February 2010 via www.ictnetwork.tv. ICT Minister Second Lt Ranongruk Suwunchwee said the ministry has cooperated with CAT Telecom Plc, TOT Plc, and the Software Industry Promotion Agency [...]
PTT ready to sell more petrol for New Year
By k on December 30, 2009
BANGKOK, 29 December 2009 (NNT) – The PTT Plc has set plans to reserve more oil for distribution during the New Year long holidays via its 1,300 gas stations nationwide. A PTT executive Prajya Phinyawat, stated on Tuesday that the PTT gas stations nationwide, particularly the ones located in famous tourist destinations such as Pai [...]
Thai Finance Ministry raises economic growth estimates for 2009 and 2010
By k on December 30, 2009
BANGKOK, Dec 29 (TNA) – Boosted by better-than-expected economic growth late this year, Thailand’s Ministry of Finance has revised upward its economic expansion estimate for this year and next year. Director-General Satit Rungkasiri of the Fiscal Policy Office said the ministry made a new projection that the economy in 2009 would shrink only 2.8 per [...]
Thailand’s Public Health Minister resigns, takes responsibility for management flaws in ministry projects
By k on December 30, 2009
BANGKOK, Dec 29 (TNA) – Public Health Minister Witthaya Kaewparadai announced his resignation Tuesday to take responsibility for ‘management flaws’ in his ministry’s projects under the Bt86 billion Thai Khemkhaeng (Strong Thailand) stimulus package. Mr Witthaya told reporters after meeting with Prime Minister Abhisit Vejjajiva early Tuesday morning at Government House that no funds designated for [...]
Economists project 3% growth in 2010
By k on December 28, 2009
BANGKOK, 28 December 2009 (NNT) – Economists anticipate next year’s economy to grow 3% while exporters are advised to prepare for currency flux risk, according to the Bangkok Poll. The survey conducted during 14-18 December on economic experts from 21 leading private and government institutions indicated that 81% of the respondents expected to see at [...]
Thai jasmine rice urged to enter Iranian market
By k on December 28, 2009
BANGKOK, 28 December 2009 (NNT) – The Department of Export Promotion suggests to Thai jasmine rice exporters to penetrate the Iranian market. Director-General of Export Promotion Department, Srirat Rattapana, said that currently Thai rice was sold in the Iranian low market at the price of 1.3 USD per kilogram while Thai jasmine rice, which is [...]
Finance Ministry´s 2010 goal focuses on public services
By k on December 28, 2009
BANGKOK, 28 December 2009 (NNT) – The Finance Ministry strives for stable and sustainable development of Thailand, aiming to steer forward the nation’s economy, says Finance Minister Korn Chatikavanij. Mr Korn has recently delivered policies for the ministry’s officials in 2010, emphasizing on servicing the citizens, as well as the private sector. He said the [...]
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 [...]