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Projects seeking BoI promotion rise in volume and value
By k on June 9, 2010
BANGKOK, June 9 (TNA) – The number of projects seeking investment promotions in the first five months of this year reached 507 with an investment value of Bt 172.6 billion, according to the Board of Investment (BoI). Secretary-General Atchaka Sribunrueng said the investment projects initiated by domestic and foreign companies and applying for promotions in [...]
BoI: Subcon Thailand expected to generate 4 bn THB in trade
By k on May 10, 2010
BANGKOK, 10 May 2010 (NNT) – The Board of Investment (BoI) expects at least four billion THB of trade value to be generated during the industrial subcontracting exhibition, Subcon Thailand 2010. BoI Director Duangjai Asawachintachit said there would be foreign businesspersons from over 70 countries, such as Japan, China, France, England, Australia, Italy and Vietnam, [...]
BoI to attract Indian investors to Thailand
By k on February 16, 2010
BANGKOK, 16 February 2010 (NNT) – The Board of Investment (BoI) prepares to hold a roadshow in India in hopes to attract Indian investors to Thailand and promote Thai investments in India. According to BoI Secretary-General Atchaka Sibunruang, the roadshow will be led by Industry Minister Charnchai Chairungrueng. The team will meet with the Thai [...]
BoI to lead a road show to India to attract investors in heavy industry
By k on February 2, 2010
BANGKOK, 2 February 2010 (NNT) – The Board of Investment (BoI) will arrange a road show to India during 14-19 February, with the hope to attract investment in heavy industry in Thailand. BoI Secretary-General Atchaka Sibunruang stated that the Industry Minister Chanchai Chairungruang along with the BoI would go to Mumbai, India to induce Indian [...]
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 [...]
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 [...]
Industry Ministry set THB 500 bn of investing support by BOI
By k on January 18, 2010
BANGKOK, 18 January 2010 (NNT) – The Industry Minister projected an investment value, to be supported by the Board of Investment (BOI), at 500 billion THB. Industry Minister Chanchai Chairungruang stated that in 2010 the Ministry set the goal of investment support of 500 billion THB, proposed to BOI. With BOI cooperation, all factories would [...]
BOI aims THB500bn for 2010 investment figure
By k on November 23, 2009
BANGKOK, 23 November 2009 (NNT) – The Thai Board of Investment (BOI) sets next year’s total investment target at around 500 billion baht. The BOI admits investors are concerned over the Map Ta Phut dispute but they have not yet decided on whether to relocate their production base. BOI Secretary General, Ms Atchaka Siboonrueng, said [...]
Thailand’s foreign direct investment picking up, says BoI
By k on August 19, 2009
BANGKOK, Aug 19 (TNA) – Thailand’s foreign direct investment (FDI) has begun to pick up with investment valued in the month of July alone surging to over Bt 20 billion (about US$586 million), according to the Board of Investment (BoI). BoI investment advisor Hirunya Sujinai revealed that 347 FDI projects with a combined investment value [...]
BOI gives grim report of Thai situation, employment down 53.5%
By k on August 7, 2009
BANGKOK, 7 August 2009 (NNT) – Thailand’s Board of Investment (BOI) has reported that employment in the country dropped by a staggering 53.5% in the first 7 months of the year with requests for investment support down 5.3%. The BOI reported that requests for investment support during the first 7 months of 2009–January to July–dropped [...]
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 [...]