- Wednesday, July 14, 2010, 2:38
- Business
The Economic Cabinet meeting acknowledges the economic situation in the first five months of 2010 which continuously expands despite political impact, while the tourism sector that has just recovered in June is deemed to turn normal by year-end.
According to a report by the Bank of Thailand (BoT) presented to the Economic Cabinet, the tourism sector got the most impact from political rift within the past ...
- Wednesday, July 14, 2010, 2:38
- Business
The Ministry of Interior has implemented measures to help solve drought problems in several provinces.
According to Interior Minister Chavarat Charnukul, the ministry has invited a speaker who is knowledgeable on irrigation to come in and impart his knowledge to the public, adding that the Ministry has already invited President of the Bangkok Transit System (BTS) Anat Apapirom, an expert in the field of water engineering ...
- Wednesday, July 14, 2010, 2:35
- Business
Transportation strategies to enhance ASEAN connectivity has been highlighted at the 3rd ASEAN Connectivity Meeting.
Foreign Minister, Kasit Piromya, said the 3rd High Level Task Force on ASEAN Connectivity: HLTF- AC, taking place in Thailand on 10-12 July 2010, aimed at promoting ASEAN Highway Development plan, particularly the Singapore-Kunming Rail Link (SKRL) as well as the strategies for ASEAN Single Shipping Market and ASEAN Single Aviation ...
- Wednesday, July 14, 2010, 2:21
- Breaking, Business
Labor shortage problem in the auto and auto parts industries has eased off after the number of new laborers entering the industries in the first six months of 2010 hit 150,000, according to Thailand Automotive Institute.
Vallop Tiasiri of Thailand Automotive Institute stated that the newcomers added 150,000 laborers to the existing workforce, jumping from 300,000 to 450,000 strong. He said laborers were attracted by the ...
- Wednesday, July 14, 2010, 2:19
- Breaking, Business
The Government is speeding up its projects aimed at increasing income and improving quality of life of residents in five southernmost provinces, vows Deputy Prime Minister overseeing Security Affairs, Suthep Thaugsuban.
Speaking before heading for the south, the Deputy Prime Minister told media members that more than 50% of the projects had been completed; however, he admitted that the Government were not yet satisfied with the ...
- Wednesday, July 14, 2010, 2:17
- Business
The loan worth 40 billion THB set aside for the Strong Thailand Scheme has already been disbursed to various projects, according to the Public Debt Management Office (PDMO).
PDMO Director-General Chakkrit Parapuntakul revealed that the speedy disbursement process of the Strong Thailand Scheme budget had resulted in the drying up of the 40-billion-THB loan raised from the Bangkok Bank at the beginning of June 2010. The ...
- Wednesday, July 14, 2010, 2:16
- Business
The Bank of Agriculture and Agricultural and Cooperatives (BAAC) has released 17 billion THB’s worth of loans to over 180,000 people in an effort to assist people burdened by informal debts.
According to the manager of BAAC Lak Watchananawat, the BAAC has been assigned by the Finance Ministry to look after the agriculture sector registered under the informal debt restructuring scheme, initiated by the Democrat-led government.
Currently ...
- Wednesday, July 14, 2010, 2:14
- Business, Travel
The Tourism Authority of Thailand (TAT) will soon launch a roadshow in four major tourist destinations of Thailand, with participation from leading foreign travel agencies in Great Britain and Ireland. The activities are expected to draw at least 800,000 visitors from the United Kingdom this year.
TAT Deputy Governor Juthaporn Rerngronasa said the travel sentiment among European tourists had strengthened after the political turmoil ceased. The ...
- Wednesday, July 14, 2010, 2:13
- Breaking, Business
Crude oil price in the latter half of 2010 is expected to be 80-85 USD/barrel on an average thanks to the rising global demand and economic expansion, according to domestic refinery Thaioil Plc.
Crude oil price is expected to be under pressure from the public debt crisis in Europe and China’s monetary policy. The price of crude oil might spiral to as high as 90 USD/barrel ...
- Wednesday, July 14, 2010, 2:12
- Breaking, Business
The expensive egg prices have been eased off a bit after implementation of many measures and more egg supplies following declining temperature, according to the Ministry of Commerce.
Commerce Ministry Spokesperson, Chatchai Chookaew, stated that egg prices had gone down by 20-30 satang so far. After considering the situation, he expected that the price would go down to a normal level within a few weeks.
Government measures ...
- Wednesday, July 14, 2010, 2:11
- Business
The number of passengers using Suvarnabhumi International Airport in the first three quarters of 2010 fiscal year (October 2009-June 2010) rose by 19.53% when compared with the same period of 2009.
Deputy General Manager for operations of Suvarnabhumi Airport, Flying Officer Narongchai Tanadchangsaeng, reported that the figure for the first nine months stood at 32.24 million passengers, classified as 24.37 million international passengers and 7.86 million ...
- Wednesday, July 14, 2010, 2:09
- Business
The Cabinet is monitoring the spiralling egg prices and is preparing to launch more measures to prevent a monopoly in egg business and unfair trade, Prime Minister Abhisit Vejjajiva confirms.
Speaking in his weekly television program “Confidence in Thailand with Prime Minister Abhisit”, the Prime Minister detailed the progress of the solutions to the rising egg prices. He said the Cabinet had mulled over suggestions proposed ...
- Wednesday, July 14, 2010, 2:08
- Business
Prime Minister Abhisit Vejjajiva has pledged the Government’s determination to eliminate obstacles to business operations in Thailand in a bid to push the country to higher ranking as a favorable site for running businesses.
Speaking in his weekly television program “Confidence in Thailand with Prime Minister Abhisit”, the Prime Minister said he recently opened what he termed as ‘a single point for business startups’ where the ...
- Wednesday, July 14, 2010, 2:07
- Business
Foreign investors are still steadfast in the Thai economy and remain active to invest in Thailand, according to Prime Minister Abhisit Vejjajiva.
Speaking in his weekly TV program “Confidence in Thailand with Prime Minister Abhisit” on Sunday, the Prime Minister said foreign investors were still interested in investing in Thailand as seen from plenty of their participation in the recent Euromoney Thailand Investment Forum.
The fourth Euromoney ...
- Wednesday, July 14, 2010, 2:05
- Business
The Bureau of Royal Rainmaking and Agricultural Aviation (BRRAA) has requested five additional planes from the Royal Thai Air Force to enhance the agency’s efficiency in rainmaking to solve drought crisis nationwide.
Director of the BRRAA Warawut Khantiyanant has disclosed that only 28 planes are currently in service for the task of rainmaking operation throughout the kingdom.
Mr Warawut said that the bureau would request that five ...
