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Thai economy expected to grow 4.6-5.2%

By admin ⋅ April 19, 2008 ⋅ Post a comment

Thai economy is expected to grow between 4.6 and 5.2 per cent this year, driven by recovery at private consumption, Kasikorn Research Center said.
The economic research house calculated on the assumption that inflation stayed at between 4.0 and 5.5 per cent.
It projected that the first quarter expansion of 5.5-5.7 per cent is likely—a figure close [...]

Mittal sees investment potential in Thailand

By admin ⋅ April 10, 2008 ⋅ Post a comment

Lakshmi Mittal, chief executive of steel giant ArcelorMittal, said Wednesday at an economic conference organized by former Thai Prime Minister Thaksin Shinawatra that Thailand has good investment potential but needs to work to boost productivity
.
He said he was willing to consider possible investments in Thailand by the world’s largest steelmaker.
“Thailand has lots of potential in [...]

Vietnam will cut rice exports 22 pct on inflation woes

By admin ⋅ March 28, 2008 ⋅ Post a comment

HANOI, March 28 (Reuters) - Vietnam will cut rice exports by 22 percent this year, the government confirmed on Friday in a battle to rein in rocketing inflation at home that threatens to drive up prices and heighten supply security fears across Asia. Read the full story…

Stimulus package gets cabinet approve

By admin ⋅ March 26, 2008 ⋅ Post a comment

Thai cabinet has approved a Bt20 billion economic stimulus package for village fund in an attempt to keep value-added tax at the current rate for another two years.
Deputy Prime Minister and Finance Minister Surapong Suebwonglee said the package is set to boost the economy at the grassroots level with over Bt18 billion for the village [...]

Central bank suggested monitoring baht price closely,

By admin ⋅ March 26, 2008 ⋅ Post a comment

The Bank of Thailand (BOT) should monitor the baht price closely in order to secure auto export industry, according to Piangjai Kaewsuwan, chairman of Federation of Thai Industries (FTI)’s Automotive Industry Group.
Piangjai said she was concerned that continuous appreciation in the baht price against the US dollar will dampen Thailand’s vehicle exports.
“It is vital the [...]

Asahi Kasei to Set Up Thai Plants

By admin ⋅ March 20, 2008 ⋅ Post a comment

Tokyo, March 19 (Jiji Press)–Asahi Kasei Chemicals Corp. said Wednesday it will build plants to produce materials for making acrylic fibers and synthetic resin, through a joint venture in Thailand.
The joint venture is Bangkok-based PTT Asahi Chemical Co., owned 48.5 pct each by Asahi Kasei Chemicals and Thai oil firm PTT Public Co. The remaining [...]

Thailand reviewing 3G

By admin ⋅ March 19, 2008 ⋅ Post a comment

Thailand is planning to establish the third-generation wireless broadband network nationwide, according to Information and Communication Technology Minister Mun Patanotai.
He said state-owned TOT Corp and CAT Telecom are inviting the three main mobile couriers to jointly build up a High-Speed Downlink Packet Access (HSDPA) network and put it in operational within one year.
The venture will [...]