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investment
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 be [...]
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 Minister [...]
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 the [...]
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 investments [...]
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 will leave [...]
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 government’s [...]
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 »
Thailand approves $19 million loan to Laos for road construction
March 9, 2010
Thailand approves $19 million loan to Laos for road construction
BANGKOK, March 9 (TNA) – The Thai Cabinet on Tuesday gave a green light to lend Bt655 million (US$19.8 million) to neighbouring Laos PDR for two road improvement projects, according to Finance Ministry.
The Neighbouring Countries Economic Development Cooperation Agency (NEDA) reported that financial assistance worth Bt655 [...]
Bank And Finance »
Bankers permitted to halt ATM, close bank branches in emergency
March 9, 2010
BANGKOK, Mar 9 (TNA) – The management of Thailand’s commercial banks are permitted to instruct an immediate halt to ATM services or the operations of bank branches in risk-prone areas without prior consent from the central bank, according to Bank of Thailand (BoT) Deputy Governor Krirk Vanikkul.
The BoT decision was made amid mounting rumors that [...]
General News »
ICT given more time to review changes to telecom concession contracts
March 9, 2010
BANGKOK, 9 March 2010 (NNT) - The Cabinet today voted in favor of a time extension for the examination of the amendments to concession contracts between TOT and CAT Telecom as requested by the Ministry of Information and Communication Technology (ICT).
Deputy Government Spokesman, MD Phumin Lithiraprasert, today told the press that the Cabinet has given [...]
Economy »
Thailand and USA join hands to solve trade barriers
March 9, 2010
BANGKOK, 9 March 2010 (NNT) – Thailand and the United State held a discussion to reduce trade barriers of the two countries.
The Deputy Permanent Secretary for Agriculture and Cooperatives had a meeting with the US Agriculture Ministry Executive on the import-export of fruits between the two countries.
Both countries agreed to apply the academic information for [...]
Energy »
BIMSTEC Energy Ministers’ meeting to kick off in Thailand
March 4, 2010
BANGKOK, 4 March 2010 (NNT) – The Energy Minister’s meeting under the Bay of Bengal Initiative for Multisectoral Technical and Economic Cooperation (BIMSTEC) will be held in Bangkok tomorrow to discuss heightened mutual energy security between the member countries.
High on the agenda are topics on natural gas usage with research currently conducted by the Petroleum [...]
Politics »
Cabinet approves plan to invoke security law
March 9, 2010
BANGKOK, March 9 (TNA) - Thailand’s Cabinet on Tuesday resolved to enforce the Internal Security Act (ISA) in the capital and seven surrounding provinces beginning Thursday to maintain law and order during the upcoming mass protest of the United Front for Democracy against Dictatorship (UDD).
Government spokesman Panitan Wattanayakorn said after Tuesday’s Cabinet meeting that the [...]