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investment
No shift of investment from Thailand to neighbours
By k on May 28, 2010
BANGKOK, May 28 (TNA) – The Federation of Thai Industries (FTI) affirms that it sees no sign of a shift of investment by foreign investors from Thailand to its neighbouring countries. Speaking after meeting with FTI chairman Payungsak Chartsutipol and his delegation, Deputy Prime Minister Trairong Suwannakiri said that despite the recent political riot, the [...]
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 [...]
Coca-Cola planning to increased investment in Thailand by Bt1 bln/year
By k on September 3, 2009
BANGKOK, 2 September 2009 (NNT) – Beverage giant Coca-Cola has made plans to increase investment in Thailand by 1 billion baht while urging the government to reconsider the fairness of current excise laws and their effect on pricing. The President of the Thai Traders Representatives said Coca-Cola CEO Muhtar Kent today met with the Prime [...]
Thailand prepares to expand markets to India
By k on August 17, 2009
BANGKOK, 17 August 2009 (NNT) – Thailand is preparing to expand markets to India in various aspects, including trade and investment, according to Deputy Prime Minister for Economic Affairs Korbsak Sabhavasu. The Deputy Prime Minister stated that he had tasked the Foreign Ministry to supply detailed information about India to be used during negotiation in [...]
BOT eyes easing regulations on investments to help weaken strong Baht
By k on August 3, 2009
BANGKOK, 3 August 2009 (NNT) – The Bank of Thailand (BOT) eyes easing regulations on investments in an effort to relieve pressure on strong Thai Baht currency. BOT Governor Tharisa Watthanaket indicated that Thai Baht appreciated due to a huge inflow of investments, adding that to ease the regulations was aimed to relocate the inflowing [...]
Thailand businesses explores investment opportunities in Myanmar
By k on July 5, 2009
BANGKOK, July 5 (TNA) – Thailand’s Board of Investment (BoI) will lead some 25 Thai businessmen to explore investment opportunities in four major cities in Myanmar next week, a senior BoI official said Sunday. Mrs. Vasana Mututanont, director of BoI’s International Affairs Bureau, said under the agency’s programme called ‘Business Mission’, the prospective investors [...]
Thailand to open investment promotion office in Korea
By k on June 29, 2009
BANGKOK, June 28 (TNA) — Industry Minister Charnchai Chairungrueng leaves Tuesday for a five-day visit to persuade South Korean business interests to invest in Thailand, and to open a Board of Investment (BoI) office in Seoul, the South Korean capital. The BoI office in Seoul will be the 11th such office set up by the [...]
Moody’s says new investment rules a big step for China insurers
By k on May 26, 2009
Hong Kong, May 26, 2009 — Moody’s Investors Service says — in a new report — that an amendment to China’s Insurance Law, allowing insurers to invest in new asset classes, will be central to helping them improve long-term asset-liability management.
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 [...]