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Commercial banks announce hikes in interest rates on fixed deposits

By k on 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 [...]

One month needed for Interpol consideration over Thaksin´s case

By k on 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

By k on 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

By k on 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 [...]

Thai exporters urged to watch out for European economic crisis

By k on 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

By k on 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 [...]

OAG to present Democrat’s donation case to court on 13 Jul

By k on 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 [...]

Summary of the 9th APEC Energy Meeting

By k on 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 [...]

US support upon Thai govt´s reconciliation plan shows its good understanding towards Thailand

By k on July 2, 2010

ANGKOK, 2 July 2010 (NNT) – Foreign Ministry Spokesperson says the support of US Lower House toward Thai government’s reconciliation roadmap reflects its good understanding of the situation in Thailand. The Foreign Ministry got a report from the Royal Thai Embassy in Washington DC in the United States that US Representatives adopted a resolution at [...]

Canned coffee market set to expand this year

By k on July 2, 2010

BANGKOK, July 2  – Thailand’s domestic market for canned coffee drinks is set to grow 4-6 per cent this year with a market value of around Bt10 billion, boosted by the economic recovery, diversification of product lines, and higher demand among consumers, according to the Kasikorn Research Center. The leading think tank expected the World [...]

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