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Auto export soars by 135% in May thumbnail

Auto export soars by 135% in May

By k on June 19, 2010

BANGKOK, 19 June 2010 (NNT) – The auto export in May has grown 135% while the domestic sales have risen 53% as favored by the recovering economy, according to the latest report of the Federation of Thai Industries (FTI). Spokesperson of the FTI’s Automotive Industries Club Surapong Paisitpatanapong reported on the situation of the auto [...]


FTI to develop country as the world food production base

By k on April 27, 2010

BANGKOK, 27 April 2009 (NNT) – The Federation of Thai Industry (FTI) teams up with the National Food Institute (NFI) to woo Japanese, European, and Chinese investors during the road show to push forward the country as the global base of processed foods production. The President of Food Industry Group of FTI Wisit Limprana cited [...]


Industrial confidence index remains positive

By k on February 19, 2010

BANGKOK, 19 February 2010 (NNT) – The expansion of international and domestic orders resulted in +100 confidence in the industrial sector for four consecutive months, according to the Federation of Thai Industries (FTI). FTI President, Santi Vilassakdanont, today released the details of the growth in industrial confidence based on the survey conducted in January 2010 [...]


FTI backs BoT´s move to ease capital outflow control

By k on February 2, 2010

BANGKOK, 2 February 2010 (NNT) – The Federation of Thai Industries (FTI) has agreed with the Bank of Thailand’s policy to stimulate capital outflow with an aim to weaken the baht’s value. FTI Chairman Santi Vilassakdanont expressed strong support over the central bank’s move to relax foreign exchange rules to decrease the pressure on the [...]


Mass Red Shirt rally to affect tourism and consumption, says FTI thumbnail

Mass Red Shirt rally to affect tourism and consumption, says FTI

By k on August 29, 2009

BANGKOK, Aug 29 (TNA) – Sunday’s planned mass rally by the anti-government United Front for Democracy against Dictatorship (UDD) will somewhat affect tourism and slow people’s spending and consumption if it drags on, according to the Federation of Thai Industries (FTI). FTI chairman Santi Vilassakdanont said he was not much concerned about the mass demonstration [...]


Thailand’s Industrial Confidence Index edges up in July thumbnail

Thailand’s Industrial Confidence Index edges up in July

By k on August 26, 2009

BANGKOK, Aug 26 (TNA) – Thailand’s Industrial Confidence Index in July edged up to a level of 89.9 from 83.5 in June, showing that the domestic economy is on the path of recovery, according to a new survey by the Federation of Thai Industries (FTI). FTI Chairman Santi Villassakdanon said the survey conducted on a [...]


Thai Bankers´s Assocation, FTI and Chamber of Commerce band together to aid SMEs

By k on August 17, 2009

BANGKOK, 17 August 2009 (NNT) – The Thai Bankers’ Association has combined efforts with the Federation of Thai Industries (FTI) and the Thai Chamber of Commerce to aid small and medium enterprise members of each organization impacted by the economic decline. Krung Thai Bank Board Manager and President of the Thai Bankers’ Association Apisak Tantiworawong [...]


MOU to prevent further job losses to be signed on 9 July thumbnail

MOU to prevent further job losses to be signed on 9 July

By k on July 7, 2009

BANGKOK, 7 July 2009 (NNT) – Deputy Prime Minister Korbsak Saphavasu will sign a memorandum of understanding (MOU) on 9 July with the Federation of Thai Industries (FTI) and the Labor Ministry pertaining to the project ‘Tonkla Archeep’ in an effort to delay the unemployment in more than ten thousand job positions. ‘Tonkla Archeep’ is [...]


Thailand’s Industrial Confidence Index rises slightly in May thumbnail

Thailand’s Industrial Confidence Index rises slightly in May

By k on June 23, 2009

BANGKOK, June 23 (TNA) – Although business operators faced rising costs and their earnings declined in May, the nation’s Industrial Confidence Index edged up slightly to 78.5 from 76.3 in April, according to an industry executive. Federation of Thai Industries (FTI) Chairman Santi Vilassakdanont said the minor improvement of the index was attributed to signs [...]


Business News »

Loan clients urged to be well-prepared for higher finance costs

July 16, 2010

Loan clients urged to be well-prepared for higher finance costs thumbnail

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

Summary of the 9th APEC Energy Meeting thumbnail

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

Moody´s chops down PTT´s credit thumbnail

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 [...]