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General News
Govt will not acquire Thaicom if too expensive
By k on June 17, 2010
BANGKOK, 17 June 2010 (NNT) — Following the government’s highly anticipated moves on acquiring the Thaicom satellite, Thai Prime Minister Abhisit Vejjajiva has expressed a clear standpoint that the acquisition will not commence if the price of acquiring the business is high. The Thai premier added that if the if the acquisition commences, the period [...]
No sign of Thaicom share manipulation
By k on June 16, 2010
BANGKOK, June 16 (TNA) – The Stock of Exchange of Thailand (SET) is closely monitoring the share movement of communications satellite firm Thaicom Pcl but has not found any irregularities suggesting alleged manipulation its share price, SET president Charamporn Jotikasthira said on Wednesday. Conceding that the accusation that the government’s plan to buy back the [...]
Court rejects bail bid of 11 Red Shirt leaders, guards
By k on June 15, 2010
BANGKOK, June 15 (TNA) – Thailand’s Criminal Court on Tuesday rejected a bid for bail for eight anti-government Red Shirt leaders and three Red Shirt guards, citing concerns over possible flight to evade prosecution or incarceration, as the detainees face charges with severe punishment. Among the UDD leaders to be further detained are Veera Musikapong, [...]
Private sector urges govt to solve political issue
By k on June 14, 2010
BANGKOK, 14 June 2010 (NNT) – The Charoen Pokphand (CP) Group has suggested the government to urgently solve the domestic political uncertainty without waiting for a study result of the Committee for Thailand Reform and Reconciliation Plan. CP Group Vice Chairperson, Ajva Taolanond, said that confidence of both the private and civil sectors would be [...]
TAT organizes “Amazing Thailand Grand Sale 2010” to boost sales in tourism
By k on June 13, 2010
BANGKOK, 13 June 2010 (NNT) – The Tourism Authority of Thailand (TAT) is organizing the “Amazing Thailand Grand Sale 2010” event to boost consumption in the tourism sector and help build up a positive image of Thailand. Minister of Tourism and Sports, Chumpol Silapa-Archa stated that the “Amazing Thailand Grand Sale 2010” event was held [...]
12 provinces undergoing severe drought
By k on June 12, 2010
ANGKOK, 12 June 2010 (NNT) – At least 12 provinces across the country are facing severe drought while the amount of water stored in reservoirs nationwide is estimated at 32.9 billion cubic meters, lower than last year. The Department of Disaster Prevention and Mitigation (DDPM) yesterday reported that the total amount of water reserved in [...]
Protest probe panel head: Investigation focuses on fact-finding for reconciliation
By k on June 11, 2010
BANGKOK, June 11 (TNA) – The newly-appointed head of an independent probe panel tasked to provide an impartial assessment of what happened in Thailand’s worst ever domestic violence– the recent Red Shirt protests– on Friday said his investigation will focus on fact-finding for national reconciliation, not attempt to find culprits for prosecution. At least 89 [...]
Govt holds merit-making ceremony for Thailand
By k on June 10, 2010
BANGKOK, 10 June 2010 (NNT) – The government has organized a merit-making ceremony at Government House featuring rites from five main religions in Thailand to bring good fortune to the country after struggling over the recent political mayhem. Prime Minister Abhisit Vejjajiva on Thursday morning presided over the merit-making ceremony. There were about 500 participants, [...]
Thailand ranked at 124 in 2010 Global Peace Index
By k on June 9, 2010
BANGKOK, 9 June 2010 (NNT) – Thailand is ranked at 124 out of 149 countries in the Global Peace Index (GPI) conducted by the Institute for Economics and Peace published on 8 June 2010, while New Zealand is ranked top for two consecutive years. Thailand was ranked at 118 in 2009. Within the ASEAN region, [...]
Cabinet approves tax measures to revive tourism
By k on June 8, 2010
BANGKOK, June 8 (TNA) – The Cabinet on Tuesday approved several tax measures to promote tourism in the country in favour of domestic travellers and entrepreneurs, said Deputy Finance Minister Pradit Pattaraprasit. Mr Pradit said at least five measures were given the green light by the Cabinet for the travel industry. To promote tourism among [...]
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 [...]