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January 2010
Moody’s rates Thai banks’ credibility “stabilized”
By k on January 26, 2010
BANGKOK, 26 January 2010 (NNT) – A leading global credit rating firm, Moody’s Investors Service, heightens the credibility evaluation of Thai commercial banks from “poor” to “stabilized,” indicating an improvement in the country’s overall credibility. Moody’s reported that the fragile political situation in Thailand might cut down the flexibility and abilities of the banks in [...]
PTT, Bangchak to reduce oil prices by 40 Satang on Wed
By k on January 26, 2010
BANGKOK, 26 January 2010 (NNT) – Domestic oil retailers will reduce oil prices by 40 Satang per liter in every product, except E85, from 27 January 2010 at 5.00 hrs onwards, following the global crude oil price decrease. The oil prices were adjusted in line with the reduction of crude price in the world market [...]
BOI to support 8 projects
By k on January 26, 2010
BANGKOK, 26 January 2010 (NNT) – The Board of Investment (BOI) has given a green light to promote the investment of eight projects with the total value of more than 18 billion THB, according to BOI Secretary-General, Dr Atchaka Sribunruang Brimble. Speaking after the meeting of the BOI board, Dr Atchaka elaborated that the meeting [...]
Deputy PM allays concerns over new coup
By k on January 26, 2010
BANGKOK, Jan 26 (TNA) – Armoured army vehicles seen on Bangkok’s streets Monday evening are part of Thailand’s assistance to the United Nations peacekeeping force in the Sudan, Deputy Prime Minister Suthep Thaugsuban said Tuesday, assuring the public the top military brass will definitely not stage a coup as his Democrat-led coalition government still enjoys [...]
Khao Phra Viharn national park closes after Sunday clash
By k on January 26, 2010
SI SA KET, Jan 26 (TNA) – Thailand’s Khao Phra Viharn national park closed on Tuesday after a Sunday clash between Thai army rangers and Cambodian troops in an area disputed by both countries. The army rangers are stationed at the national park entrance and the public is not allowed to enter for safety reasons. Thai [...]
SME development plan to help GDP and export figures
By k on January 25, 2010
BANGKOK, 25 January 2010 (NNT) – The Prime Minister has disclosed expectations that the country’s gross domestic product will grow by 3.5% with export to expand by 14% this year. Prime Minister Abhisit Vejjajiva stated that the government is planning to push forward with tackling debt-related problems and devise a development framework for enhancing competitiveness [...]
BoI to extend “Thailand Investment Year”
By k on January 25, 2010
BANGKOK, 25 January 2010 (NNT) – The Board of Investment (BoI) is extending the “Thailand Investment Year” for another year to stimulate investment after an increase in investment support from the board last year. The extension of the Thailand Year of Investment will focus on sustainable investments especially those in the alternative energy sector as [...]
Energy Ministry to check stock of oil palm productivity this year
By k on January 25, 2010
BANGKOK, 25 January 2010 (NNT) – The Ministry of Energy expedites the checking of this year stock of oil palm to ensure consumers of its sufficiency for bio diesel B3 production for next year consumption. Energy Minister Wannarat Channukul stated that he instructed related agencies to accelerate stock checking of palm, crude palm oil, and [...]
Krung Thai expects to expand customer base this year through Bill Payment and THB 35 bn loan releasing
By k on January 25, 2010
BANGKOK, 25 January 2010 (NNT) – Krung Thai Bank set the target to expand customer base in the private sector to cover 1,000 companies, through the Bill Payment service, along with the credit release of 35 billion THB. Dr.Anuchit Anuchitanukul, First Executive Vice President, Managing Director, Product and Marketing Management Group, Krung Thai Bank PCL [...]
Thai-Cambodian border clash will not intensify conflict
By k on January 25, 2010
BANGKOK, Jan 25 (TNA) – Thailand’s Prime Minister Abhisit Vejjajiva on Monday reaffirmed that fighting between military patrols of Thailand and Cambodia early Sunday in an area claimed by both neighbours will not intensify the current conflict between the two neighbouring countries. The Thai premier commented following the Sunday clash at the Thai-Cambodian border near [...]
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 [...]