TRUE shares plunged 17.58 percent after the company rejected rumor of China Mobile’s takeover bid amid third quarter report net loss of 200 million baht due to less competitiveness and huge capital leverage in foreign currencies, which may face huge loss from exchange rate, analysts said.

The Bank of Thailand said it will pursue a monetary policy that focuses on risks to the economic growth, after data on Wednesday showed inflation fell to 6.0 percent in September from 6.4 percent in August.

Thailand to introduce tax incentives on investment instruments

With the U.S. government massive financial rescue plan failure fear, Thailand’s new appointed government is considering boosting investment tax incentives in bid to cushion adversary impacts from the global markets crisis.
Finance Minister Suchart Thadadamrongvej said on Wednesday the government is seeking the Stock Exchange of Thailand (SET) cooperation in implementing a project aiming to boost [...]

September inflation falls to 6%

Thailand’s inflation rates fell to lower-than-expect 6.0 per cent in September on lower oil prices and reduced utility charges, Reuters reported.
The news agency said—referring economists’ quotes—that interest rate is seen lower in the next move.
In the meantime, Permanent Secretary for Commerce Siripol Yodmuangcharoen reported on Wednesday that an average inflation for nine months of 2008 [...]

Thai shares plunged over US bailout jittery

The Stock Exchange of Thailand composite index fell 0.79 per cent, or 4.75 points, to 569.54 on Tuesday amid market jittery over uncertain outcome of the U.S. massive rescue plan for the financial sector.
The market closed barely recovered from a big fall of 2.94 per cent, or 17.70 points, to a 5-year low record of [...]

Export growth falls for first time in August

Thailand’s annual export grows slower for first time in August, leaving two straight months trade deficit account, hit by sluggish shipment to the U.S., China and other Asia countries, said central bank senior director Titanun Malikamas.
Mr. Titanun said the export growth fell sharply to 15.5 per cent in August from 43.9 per cent growth in [...]

Bank Thai likely to acquire by Malaysia’s CIMB

Sale of Bank Thai’s 2,800 million shares to Malaysia’s CIMB Group will have conclusion by November, according to Finance Minister Suchart Thadathamrongvej.
Mr. Suchart said he is considering allowing CIMB Group to acquire 42.13 per cent stakes in the ailing Thai Bank.
“I am to make the decision myself after HM the King’s endorsement of the new [...]