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AIS upgrades services to 3G

By admin ⋅ July 27, 2008 ⋅ Post a comment

Advance Info Service (AIS), is upgrading its mobile network services from the current EDGE system to 3G, full services of the new system is expected operational as fast as 2009.
Surawat Shinnawatra, managing director at AIS, said the major overhaul in upgrading the network will start from call center services, which involved in turning its staffs [...]

Business sector opposes BOT inflation curb plan

By admin ⋅ July 8, 2008 ⋅ Post a comment

The business community in Bangkok has announced on Wednesday it disagreed with the Bank of Thailand’s effort to curb the surging inflation by raising benchmark interest rates.
Committee chairman and Krung Thai Bank president Apisak Tantiwong suggested that the most effective way to contain inflation is to find the cause of problem.
He urged the central bank [...]

PTT plans $125 billion in investments

By admin ⋅ July 7, 2008 ⋅ Post a comment

Giant energy firm PTT Plc is planning to invest around $125 billion on offshore and onshore projects in bid to crack Fortune’s top 100 companies by 2020.
The company said around 61 per cent of the total budget will be spending in oversea investment projects and the remainder in domestic ventures.
PTT chairman Prasert Bunsampan said the [...]

Chana’s step down reflects rift at top AOT management

By admin ⋅ July 4, 2008 ⋅ Post a comment

The rift in top Airport of Thailand (AOT) management disclosed after its board approved a resignation of Chairman Gen. Chana Yoosathaporn, who just returned to work from 30-days sick leave.
Transportation Minister Santi Prompat said that the resignation will take effect at the beginning of August.
He declined to disclose details of Gen. Chana’s successor.

Influencers voice concern over inflation

By admin ⋅ July 3, 2008 ⋅ Post a comment

Thai leading business moguls are beginning to voice their concerns over the current rate of inflation that was predicted to reach the double-digit level.
According to former deputy Prime Minister Virabongsa Ramangkura, with the oil price stays at $150 a barrel level, rising of inflation has crushed all the industries’ revenues and depletion in supply is [...]

Confidence index continues to decline in May

By admin ⋅ June 13, 2008 ⋅ Post a comment

The consumer confidence index continued to decline in all categories for the consecutive two months in May, hurt by economic slowdown, surging oil prices, and continual political chaos, according to the University of Thai Chamber of Commerce (UTCC) research.
“The index, which dropped to 59.3 from 73 in April, demonstrates that consumers’ concerns over lower earning [...]

Toyota, to build diesel, hybrid engine plant in Thailand

By admin ⋅ June 11, 2008 ⋅ Post a comment

Toyota Motor Corp said on Tuesday it would build a new diesel engine factory in Thailand for 17.3 billion yen ($162 million) with capacity of 150,000 units per annum.
The new plant, to be built on its existing factory 70 km southeast of Bangkok, will add Toyota’s annual capacity of diesel engine to 350,000 units and [...]