Economy

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 [...]

Leading economic analyst opposes govt’s relief measures

By k on 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 [...]

Thai economy projected to grow by 5-6 per cent in 2010

By k on June 29, 2010

BANGKOK, June 29 (TNA) – The Thai economy this year is likely to rise 5.5 per cent with a projected range of 5.0-6.0 year-on-year, higher than projected in March when it was seen at 4.5 per cent year-on-year, Fiscal Policy Office director-general Sathit Rangkasiri said. Factors that supported Thai economy in the first quarter of [...]

Financial service sector in Thailand needs to be liberalized

By k on June 25, 2010

BANGKOK, 25 June 2010 (NNT) – A new study shows liberalization and competition are needed in Thailand’s banking and insurance sectors. An independent study funded by the European Union (EU) and conducted by a research and consulting company, ECORYS, measured economic and social benefits of financial service sector in Thailand, in particular banking and insurance [...]

PM expects 6% expansion in the economy

By k on June 23, 2010

BANGKOK, 23 June 2010 (NNT) – The Thai economy is speculated to expand by 6% after remedial measures have been implemented for rally affected businesses, according to Prime Minister Abhisit Vajjajiva. The Prime Minister on Wednesday disclosed that the government had been trying to restore investors’ confidence after the anti-government rally took place during the [...]

PM assigns weekly Cabinet meeting on economy

By k on June 21, 2010

BANGKOK, 21 June 2010 (NNT) — The Cabinet meeting on the Thai economy will be held every week, as assigned by the Thai premier, according to Ampon Kittiampon, secretary-general of the National Economic and Social Development Board (NESDB). Prime Minister Abhisit Vejjajiva is putting an emphasis on expediting and monitoring the progress of government measures [...]

2010 World Cup to Benefit Thai Food Industry

By k on June 20, 2010

As South Africa is in the limelight as host to the current 2010 FIFA World Cup from 11 June to 11 July 2010, Thailand is also enjoying many advantages from the event, particularly in terms of food exports. The Thai food industry would likely expand and brings higher income to the country during the international [...]

Gold price surges due to European economic crisis

By k on June 19, 2010

BANGKOK, 19 June 2010 (NNT) – President of the Gold Traders Association (GTA) Jitti Tangsitpakdee said the gold price in the global market continued to rise as investors were stocking gold to prevent risks from the European economic crisis. Mr Jitti said that the gold price was likely to continue to escalate after international investors [...]

JETRO urges govt to solve Map Ta Phut problem

By k on June 18, 2010

BANGKOK, 18 June 2010 (NNT) – The Japan External Trade Organization (JETRO) is not concerned by the political situation in Thailand but urges the Thai government to speedily solve the Map Ta Phut problem. JETRO representatives in Thailand discussed the Map Ta Phut impasse with the new Industry Minister, Mr Chaiwuti Bannawat. The minister said [...]

Industrial index down in May

By k on June 17, 2010

BANGKOK, 17 June 2010 (NNT) – The Thai Industries Sentiment Index (TISI) has dropped to 94.7 in May from 99.3 in the previous month, according to Chairman of the Federation of Thai Industries (FTI) Payungsak Chartsuthipol. Mr Payungsak revealed today that the decrease in the industrial sentiment index in May resulted from the political violence [...]

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