- Wednesday, July 14, 2010, 2:51
- Breaking, Business
The Department of Export Promotion (DEP) has suggested that entrepreneurs use US dollar in their transaction instead of relying only on Euro currency amid concerns over the European public debt crisis.
DEP Director-General, Srirat Rastapana, has expressed her concerns over Thai exports to European markets due to the regional public debt problems and plummeting purchasing power. She said the national export target this year might not ...
- Wednesday, July 14, 2010, 2:49
- Business
The domestic gold price has dropped 50 THB per one-baht weight today, according to the Gold Traders Association.
As announced by the Gold Traders Association as of 13 July 2010, gold bullions are sold at 18,450 THB and bought at 18,350 THB while gold ornaments are sold at 18,850 THB and bought at 18,085.88 THB.
The gold price today decreased by 50 THB from yesterday. Gold bullions ...
- Wednesday, July 14, 2010, 2:49
- Business
The Monetary Policy Committee (MPC) might adjust up the repurchase rate (RP) by 0.25%, according to a senior economist of Standard Chartered Bank in Bangkok, Ms Usara Wilaipich.
Ms Usara stated that the raising of the policy interest rate would be made to control the inflation rate and to establish an equilibrium between the core inflation and the real interest rate as well as prevent any ...
- Wednesday, July 14, 2010, 2:48
- Business
The Department of Industrial Promotion (DIP) has been successful in exporting ready-made garments to US and Japanese markets under the Hand In Hand Project to promote sustainable industry in three southernmost provinces.
DIP Director-General Arthit Wuthikaro cited that the Hand In Hand project on industrial development in the three deep South provinces was quite successful with the employment of 350 positions and income gained by each ...
- Wednesday, July 14, 2010, 2:48
- Business
The government has assigned the Office of Small and Medium Enterprises Promotion (OSMEP) to organize activities aimed at increasing trade and market shares of domestic SMEs and stimulating the matching of creative businesses.
The upcoming event will be launched under the SMEs Strong Thailand 2010 nationwide, using the budget under the Strong Thailand Scheme. The events are organized on national, regional, and provincial levels. He further ...
- Wednesday, July 14, 2010, 2:48
- Business
The Commerce Ministry has urged Thais to switch to clothing made from hand-woven cotton.
The move came after Deputy Commerce Minister Alongkorn Ponlaboot and officials from the Ministry, Director of the Support Arts and Crafts International Centre of Thailand (SACICT) Kunyapan Rangkam, and Miss Thailand World 2009 Pongchanok Kanklab had presented a hand-woven cotton suit to Prime Minister Abhisit Vejjajiva . Bags made of cotton were ...
- Wednesday, July 14, 2010, 2:47
- Business
An executive banker backs the Government to raise the value-added tax (VAT) and suggests it to lower the income tax to help shoulder financial burdens of the public.
Speaking of the government’s study on tax restructuring, President of Small and Medium Enterprise Development Bank (SME Bank) Soros Sakornvisava said the adjustment should have limited impact on consumers. Those who consume more will have to pay more ...
- Wednesday, July 14, 2010, 2:47
- Business
In light of Russia’s approval of more imports of Thai poultry products, Thai exporters have immediately grabbed this golden opportunity gearing up to expand their market.
According to Director-general of Department of Export Promotion (DEP) Srirat Rastapana, Russia has decided to open up its market to more Thai poultry exports. The decision has been in effect since the end of last year. Reportedly, up to one ...
- Wednesday, July 14, 2010, 2:43
- Breaking, Business
Prime Minister Abhisit Vejjajiva stands firm on maintaining the value-added tax (VAT) at 7%, saying that it will not be adjusted up this year and next.
Prime Minister Abhisit Vejjajiva stated sternly that the government had no plan to raise the VAT in the near future because the economy still needed time to recover.
Mr Abhisit added that he had constantly talked with Finance Minister Korn Chatikavanij ...
- Wednesday, July 14, 2010, 2:42
- Business
Thai Airways International (THAI) expects a 10% rise in the passenger number in the third quarter of this year after the political abyss came to an end.
THAI President Piyasvasti Amranand stated that the number of both international and domestic passengers had rebounded steadily since June in the wake of the political unrest. He believed that the cabin factor for the first half of this month ...
- Wednesday, July 14, 2010, 2:40
- Business
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 to Thai operators for their investments in international markets.
Consideration for the selecting of potential operators to join ...
- Wednesday, July 14, 2010, 2:40
- Business
The four-day 6th Mutual Fund Fair @ Siam Paragon held by the Stock Exchange of Thailand (SET) on 8-11 July 2010 was vibrant with 3,000 transactions made by investors and the people worth almost one billion THB.
SET Group Head in Market Ms Kesara Manchusree said the function had gained interest from more than 7,000 investors and public members with transaction of 3,000 items made worth ...
- Wednesday, July 14, 2010, 2:40
- Business
The Commerce Ministry requests all department stores, hypermarkets and food shops to peg their cooked food price at 25 THB/ dish, while the cost of drinking water will be investigated after complaints of overpriced drink are received.
Department of Internal Trade (DIT) Director-General Ms Vachari Vimooktayon cited that numerous complaints were received from consumers on prices in food courts of many department stores as well as ...
- Wednesday, July 14, 2010, 2:39
- Business
The Thailand Convention & Exhibition Bureau (TCEB) is joining forces with the public and private sectors to boost Thai exhibition market through the campaign “Extra Night, Extra Smile” with various incentives provided to exhibitors and visitors from around the world.
TCEB Director Akapol Sorasuchat said that the TCEB throughout the past year was expediting the boosting of the Thai MICE industry and restoring the country image ...
- Wednesday, July 14, 2010, 2:39
- Business
The Ministry of Commerce has warned Thai exporters to Europe to be on alert of the current situation in the European market amidst the looming economic crisis in the region.
Ms Srirat Rastapana, Director-General of the Department of Export Promotion (DEP) under the supervision of the Ministry of Commerce, noted that the Euro depreciation caused by the economic crisis had begun to drag the region’s purchasing ...
