The Stock Exchange of Thailand main index went up 11.07 points, or 0.77%, to close at 1,441.95 points at the end of trading Friday morning. The trade value was 17.56 billion baht, with 2.84 billion shares traded. The SET50 index ended at 977.66 points, up 8.66 points, or 0.89%, with a total trade value of 12.52 billion baht. The SET100 index rose 18.09 points, or 0.85%, to stand at 2,151.89 ...
Thai CEOs expect GDP growth below 4.5
CEOs expect Thailand's economic growth to stay below 4.5 per cent, given the slowdown in the global economic recovery, while expressing concern over Thailand's political situation and economic policies impacting business operations in the latter half of this year. Surong Bulakul, president of Thai Listed Companies Assocation, said that 57 per cent of CEOs surveyed expected the Thai ...
Ego and infighting prevent peace in south Thailand
No one, it seems, will cooperate to formulate a common goal and strategy to end the insurgency in the violence-plagued region The manner in which veteran politician Chalerm Yoobamrung departed from his post as the country's security chief said a great deal about the government's sincerity in its handling of the ongoing conflict in the three southernmost provinces. As head of the ...
Minister warns Thai PM of political demise
A disaffected Labour Minister Chalerm Yoobamrung yesterday warned Prime Minister Yingluck Shinawatra that she was setting her government up for an early demise thanks to her new "ice-cream gang". Chalerm was apparently referring to Yingluck's young aides. After reporting for work at the Labour Ministry for the first time since the Cabinet reshuffle, Chalerm spent more than an ...
Tycoons of disaster urge caution
From left: Mr Sawasdi, Mr Boonchai and Mr Prachai share how they survived the crisis that struck 16 years ago. PAWAT LAOPAISARNTAKSIN Boonchai Bencharongkul, a founder of No.2 mobile operator Total Access Communication (DTAC), voiced concern about a potential new crisis forming. "I think the current situation is worrisome. As one of those who had such an experience, I can smell it now. ...
As QE3 winds down will bank liquidity disappear
When it comes to communicating monetary policy, no one makes it clearer than Ben Bernanke, chairman of the US Federal Reserve. Signalling the beginning of the end of QE3, Mr Bernanke sent shockwaves through financial markets on May 29 when he said the Fed may moderate its monthly pace of asset purchases this year. If that was not terrifying enough for investors, he went on to say the Fed may ...
Obec plans to seek even cheaper tablets
A committee overseeing the tablet computer auction says it will ask the winning Thai bidder to lower its price for tablets supplied to zone 3 in the second phase of the One Tablet per Child ...
SET index opens up 9.50 pts 0.66 pct
Thai composite stocks index (SET) opened on Thursday at 1,453.07, up 9.50 points, or 0.66 per cent in line with most regional shares. Blue chip SET-50 index was at 983.93, up 6.93 points, or 0.71 per cent. Top five active (value) stocks: BAY, MC, TMB, KTB, TIPCO. The ...
Mitsubishi UFJ to buy 75 stake in Thai bank for US$5.6 billion firm
Mitsubishi UFJ said in a statement Tuesday it has an agreement with GE Capital to buy its 25-percent stake in Bank of Ayudhya and will make an offer to other shareholders to secure a majority shareholding in the Thai lender. It said it will work with Ratanarak Group, an existing group of shareholders who own about a quarter of Bank of Ayudhya, on the next stage of its development. The Japanese ...
3 2 1 ... lift-off for a lucky Thai
The SXC spaceship. Khiri Voyages has been appointed as exclusive Thailand agent for Space Expedition Corporation (SXC), which plans to launch a Thai into space by year-end. SXC says space travel is no longer the exclusive domain of governments and is now within reach for individuals and organisations. After booking through Khiri Voyages, Thai space travellers undergo training in the ...
Snakebit tycoons urge caution
From left: Mr Sawasdi, Mr Boonchai and Mr Prachai share how they survived the crisis that struck 16 years ago. PAWAT LAOPAISARNTAKSIN Boonchai Bencharongkul, a founder of No.2 mobile operator Total Access Communication (DTAC), voiced concern about a potential new crisis forming. "I think the current situation is worrisome. As one of those who had such an experience, I can smell it now. ...
Japans SMEs seek fortune in Thailand as AEC nears
Japanese investors, particularly small and medium-sized enterprises (SMEs), are keen on Thailand as a production base to tap opportunities from the upcoming Asean Economic Community (AEC). Shoji Nishio, executive director of the SME division of the Tokyo Chamber of Commerce and Industry (TCCI), said his group's 80,000 Japanese SME members are eager to expand in Asean, especially Thailand. ...
BoT unmoved but wary of inflation
June's month-on-month inflation rate indicated domestic consumption remained somewhat resilient, although several indicators were less promising, says a Bank of Thailand ...
General Engineering gets revenue boost
General Engineering Plc, the SET-listed construction firm, expects its backlog will increase by at least 500 million baht in the second half of this year as it aims to boost revenue by 20-30% on the upward trend of the sector. The company reported it has been awarded a 150-million-baht subcontractor contract from SK Engineering & Construction Co for petrochemical maker IRPC Plc's plant ...
Prudent expansion helps glow create value
Glow Energy Plc (GLOW) is a group of energy companies with core businesses in generating and supplying electricity, steam, clarified, dematerialised and chilled water to customers. It has a generating capacity of 3,182.55 megawatts of electricity, 1,206 tonnes per hour of steam and 3,400 refrigerated tonnes per hour of chilled water. SET-listed Glow is 69.11% owned (as of December 2012) by GDF ...
Germany honours former envoy
On Wednesday, the Charge d'Affaires of the German Embassy, Dr Ingo Winkelmann, bestowed the Commander's Cross of the Order of Merit of the Federal Republic of Germany upon former Thai ambassador to Germany Charivat Santaputra. Charivat received the decoration for his contributions to Thai-German relations, especially during his tenure as ambassador of Thailand to Germany from 2009 to ...
Stolen car traced in 3 minutes
Thanks to the Car Theft Suppres-sion Centre's website at www.lostcar.go.th and 1192 hotline, police intercepted a car in three minutes after its theft was reported. This success story was one of many presented at the media launch of the ...
Stop revealing details of victims
Rights activists are calling on the media to stop revealing details and publishing photographs of domestic-abuse victims as it is a clear violation of their rights. Somchai Charoenamnuaysuk, director of the Office of the Women Affairs and Family Institution said the Protection of Victims of Domestic Violence 2007 Act stipulated that the identity of victims and their home addresses should not be ...
South blast injures two
Two members of a nine-strong paramilitary ranger team were wounded in an explosion while on patrol near a local school in Narathiwat's Chanae district yesterday. The five-kilogram bomb went off at 8.45am, seriously injuring Apiwat Khotphrom, 26, and Ni-ayu Rayokhali, 28. Police blamed the attack on separatists. The blast followed an incident in Yala's Raman district on Wednesday in ...
Govt ready to sign contracts
Phongthep says deals will go ahead despite lack of assessments The government is getting ready to sign construction contracts for its Bt350-billion water-management project over the next few months. Deputy Prime Minister Phongthep Thepkanjana announced the decision yesterday, shrugging off concerns about the possibility of any legal trouble. He was speaking in his capacity as head of a panel ...
BMA seeks Bt22 bn for flood-prevention work
The Bangkok Metropolitan Administration (BMA) is seeking Bt22 billion from the national government for new anti-flooding projects including several giant subterranean tunnels. Three of the tunnel projects have already had their designs completed, Adisak Khantee, director of the BMA's Drainage and Sewerage Department, said yesterday. The six tunnels could help drain enough water to prevent ...
Five missing at sea
So far, six of the 11 crew members of a Bangladeshi cargo ship that capsized in the Andaman Sea who were still missing yesterday afternoon have been rescued. Five were lifted by a vessel called MV Bux Moon, which was headed for Chittagong, while the sixth person was rescued by the Thai Navy yesterday afternoon. He was identified as 40-year-old Abubakkar Siddique. As of press time, the Navy was ...
Source: http://www.thailandnews.net/index.php/sid/215636651/scat/f90d16c28a9b5294
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