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rice
Thai govt to give 30,000 tons of rice to Haiti
By k on January 21, 2010
BANGKOK, 20 January 2010 (NNT) – The government will transport about 30,000 tons of rice to help Haitian victims in the beginning of September 2010 after a magnitude 7.0 quake rocked the Caribbean country of Haiti on 12 January. As the chair of the Haiti Donation Center, Prime Minister’s Office Minister Virachai Virameteekul stated that [...]
Rice production focus as Thai PM visits Vietnam next week
By k on July 3, 2009
BANGKOK, July 3 (TNA) – Thai Prime Minister Abhisit Vejjajiva will pay a one-day official visit to Vietnam on July 10 to strengthen bilateral relations between the two nations, particularly regarding rice production cooperation, according to Deputy Secretary to the prime minister Dr. Panithan Wattanayagorn. Dr. Panithan, also acting government spokesman, said the trip [...]
Rice Price Guarantee Scheme
By k on June 13, 2009
Rice mortgage is one of many methods the government uses to assist farmers by manipulating rice prices. However, there are problems found in the government rice mortgage scheme, including produce adulteration and price arbitrage. The government by Prime Minister Abhisit Vejjajiva therefore initiated the idea to use a rice price guarantee scheme instead of the [...]
NRPC: Rice mortgage quota raised to 6 million tons
By k on June 4, 2009
BANGKOK, 4 June 2009 (NNT) – The National Rice Policy Committee (NRPC) has resolved to raise the rice mortgage quota from 4 million tons to 6 million with a total budget of 24 billion baht.
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 [...]