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Wall St ends lower
U.S. stocks closed slightly lower overnight amid ongoing concerns that Federal Reserve may taper its bond-purchase program. Dow Jones Industrial Average slid 19.12 points to 15,335.28 after briefly reaching new all-time high of 15,391.84. S&P 500 fell 1.18 points to 1,666.29. Among key S&P sectors, energy and financials gained, while consumer staples fell. Nasdaq composite dropped ...
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Obama praises Thein Sein for Myanmars progress
Washington - US President Barack Obama praised Myanmar President Thein Sein on Monday for leading his country in a "new direction" as the leaders met for the first visit to the White House by a leader of the Asian nation in decades. Obama noted a shift in relations between the countries due to political and economic reforms in Myanmar and the resulting lifting of many US sanctions. ...
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Thailand appeals to prevent future water crisis
In a key-note speech delivered to the Second Asia-Pacific Water Summit in Thailand's northern city Chiang Mai on Monday, Yingluck urged the government leaders in the Asian-Pacific region to join hands and prevent water crises which might otherwise recur and wreak havoc to the Asians who currently account for 60 percent of the world ...
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Leading Thailand hotelier receives prestigious Skal award
One of Thailand's most knowledgeable and experienced hoteliers, Eric Hallin, has been presented with the Malai Sakolviphak Award by the President of Skal International Bangkok. The award is presented annually in memory of Malai Sakolviphak, a well-known and highly respected tourism industry figure in Thailand. He passed away in 2011 after many years of distinguished service to Skal - the ...
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Protests in Thailand in Parallel to Second Water Summit
Bangkok, Ma 20 (Prensa Latina) Groups of protesters today demanded in a parallel forum to the Water Summit responses to problems, such as droughts, floods, and waste materials, a topic that concerns all the world population. Protesters carrying banners demand measures to guarantee the preservation of the human race, and hold that some politicians fail to look into the social and environmental ...
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Thai cultural extravaganza in Bahrain from May 23.
Manama, May 20 (BNA) -- The Royal Thai Embassy, Manama and Bahrain's Ministry of Culture are organizing the Thai cultural festival at the Cultural hall of the National Museum from May 23 to 25. The three day festival will commemorate the first anniversary of the cultural cooperation signed between the two countries. The event will feature two activities - a demonstration of Thai ...
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Thai economy contracts in Q1
Thailand's economy shrank 2.2 percent in the three months to March from the previous quarter - the first contraction in more than a year - as manufacturing output fell, official data showed Monday.The decline followed a blistering yearlong recovery from devastating floods in late 2011 that hit major factories north of the capital Bangkok and caused a double-digit drop in GDP.On a ...
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Phuket Police scour Patong for motorbike ransom gang
The Family Mart (right) on the beach road in Kalim, north of Patong, was the intended rendezvous point for the exhange for the motorbike. Photo: Google ...
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Auto sales up 25 in April
A number of 109,673 vehicles were sold in April, boosting the four-month sale figures to 522,929 units. According to data compiled by Toyota Motor Thailand, the monthly sale figure showed a 24.9 per cent increase. The four-month figure showed a 42.4 per cent increase on ...
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Dog-meat mafia fuels Thai canine trade
Thai authorities are struggling to stop dogs from being stolen and smuggled to northern Vietnam, where a million dogs are eaten each year. This video report ...
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DSI to quiz foundation on donation funds
The Department of Special Investigation (DSI) has asked Brother Sirichai Fonseka, president of St Gabriel's Foundation of Thailand, to provide testimony and information on May 23 regarding use of the foundation's donation money. The Parent-Youth Network for Education Reform had asked DSI to probe the foundation executives' bank accounts as well as their family and close ...
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British man run over by train in Thailand
A train ran over an elderly British national lying on the tracks Monday, severing his leg, Thai police said. The incident occurred at about 5 am in Prachin Buri, 100 kilometres north-east of Bangkok, Police Sergeant Chaimongkol Chaiya said. "According to the autopsy, the man had suffered a heart attack and was most likely dead when the train ran over him," Chaimongkol said by phone. ...
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Thai Patriots get another two days to leave
Members of the Thai Patriots Network, who are camped out in Sanam Luang since early last week, have been given another two days to move out. Deputy Bangkok Governor Jumpol Sampaopol said Monday that the Phra Nakhon district office was pressuring the protesters to move out by getting the police to record the incident and having district officials and law enforcers talk to them. There are only ...
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SET extends 19-year high
Thai composite stocks index (SET) closed on Monday at 1,643.40 - the highest in 19 years. The index went up 15.44 points, or 0.95 per cent amid Bt57.74 billion turnover in line with most regional shares. Blue chip SET-50 index was at 1,092.27, up 12.49 points, or 1.16 per cent. Top five active (value) stocks: INTUCH, TRUE, ITD, MLINK, PTT. The ...
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BMA prepares for upcoming rainy season
The Bangkok Metropolitan Administration (BMA) has put aside 5.8 million sandbags to brace for the upcoming rainy season and is inspecting the strength of billboards across the capital. Deputy Bangkok Governor Amorn Kitchawengkul said Monday that the BMA should be able to release water within three hours if the rainfall is more than 60 millimetres per hour. He added that the BMA had also hired ...
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Campaign to raise questions over GPO chiefs sacking
A health advocacy group Monday kicked off its campaign to protest the sacking of the Government Pharmaceutical Organisation (GPO)'s chief Witit Artavatkun. Deputy Public Health Minister Chonlanan Srikaew will Tuesday ask for Cabinet's approval for the sacking of Witit. The move comes after Public Health Minister Pradith Sinthawanarong on Friday signed an official letter ordering ...
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SE Asia Stocks-Indonesia jumps after new finmin Thailand at new high
BANGKOK, May 20 (Reuters) - Southeast Asian stock markets gained on Monday as optimism about global growth lifted sentiment in overseas markets while Indonesia's main index rose to a new all-time closing high, after the appointment of a new finance minister. Jakarta's Composite Index ended up 1.4 percent at 5,214.97, pushing up its year-to-date gain to 21 percent, Southeast Asia's ...
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More Laotian staff sought for labour offices
Thailand has called for more Laotian staff at immigration and labour offices to cope with a large number of Lao workers seeking employment here, Labour Minister Phadermchai Sasomsap said Monday. The move was one of many agreements backed by officials from both countries at a second joint Cabinet retreat held on Sunday. Some 66,000 Laotians are registered to work in Thailand, but only 2,300 ...
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PTT to raise fuel prices
PTT and Bangchak Petroleum will tomorrow raise the retail prices of gasoline and gasohol products by 40 satang per litre. Diesel price will be maintained at Bt29.99. Retail prices in Bangkok of 95-octane gasoline and gasohol 95 will be Bt45.15 and Bt37.93 per litre, respectively. Gasohol 91 will be retailed at Bt35.48 per litre, while E20 at ...
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Local gold prices follow global slides
Local gold price has been adjusted four times so far today, showing the net cut of Bt150 per baht weight. After the fourth adjustment at 3.37pm, gold bar is sold at Bt19,200 per baht weight while gold ornament is sold at ...
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RPT-Fitch revises national asset manager rating scale for Thailand
Mon May 20, 2013 4:44am EDT (Repeat for Additional Subscribers) May 20 (Reuters) - (The following statement was released by the rating agency) Fitch Ratings (Thailand) has announced the revision of its rating scale for Thailand's Asset Manager Ratings, following the update of Fitch's global asset manager ratings criteria and scale in April 2013. The key changes ...
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Thailand economic picture darkens
(37 mins ago) Thailand's economy shrank 2.2 percent in the three months to March from the previous quarter – the first contraction in more than a year – as manufacturing output fell, official data show. The decline followed a year-long recovery from devastating floods in late 2011 that hit major factories north of the capital Bangkok and caused a double-digit drop in gross ...
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Thai economy contracts in first quarter
BANGKOK (AFP) - Thailand's economy shrank 2.2 percent in the three months to March from the previous quarter -- the first contraction in more than a year -- as manufacturing output fell, official data showed on Monday.The decline followed a blistering year-long recovery from devastating floods in late 2011 that hit major factories north of the capital Bangkok and caused a double-digit drop ...
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Thailand Cuts 2013 GDP Outlook As Q1 Growth Slows More Than Expected
Thailand lowered its full-year growth outlook after weaker domestic demand and exports weighed on economic activity in the first three months of the year. Gross domestic product expanded 5.3 percent year-on-year in the first quarter of 2013 compared to an upwardly revised 19.1 percent growth in the fourth quarter of 2012, the National Economic and Social Development Board (NESDB) said Monday. ...
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Thalang defense volunteer charged for illegal possession of a firearm
PHUKET: A Thalang defense volunteer was charged with illegal possession of a firearm and ammunition after being pulled over at a checkpoint in Phuket.Krit Meesit, 52, wearing military trousers and a black shirt ...
Feature on Bangkok
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Bangkok’s reputation under threat
Bangkok has long-been the site of political instability for the country, but this has rarely escalated into full-scale violence, now as talks between government and protests breakdown, and acts of violence increase, the city faces a difficult situation.
There is currently a days-long standoff between the government and anti-government protestors who claim the present government headed by Prime Minister Abhisit Vejajjiva was supported by the military when they came to power fifteen months ago. Read more
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