Latest Bangkok News
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K-Asset keen to answer big demand
Kasikorn Asset Management (K-Asset), Thailand's largest asset management company, estimates demand in excess of 100 billion baht for investments with periods of longer than one week and higher returns than money market funds. To meet this demand, K-Asset introduced the K-MPLUS fund yesterday, with an initial public offering period slated for May 27 to June 3.K-MPLUS is designed to invest ...
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FTI nervous about volatility
Business leaders are calling on authorities to keep closely monitoring the baht, saying the currency could resume appreciation amid continuing capital inflows and massive liquidity globally. Although the baht has weakened recently, the Federation of Thai Industries (FTI) yesterday said the biggest concern remains volatility and keeping the baht relatively stable to its peers in the region. ...
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Amata gears up for rush of land sales
Amata Corporation, the developer and manager of industrial estates, said hundreds of land sales are expected to be sealed in the second half of this year, mostly in the car industry. Viboon Kromadit, a director and senior vice-president, said each deal will require hundreds of rai of land, with the largest deal at 400 rai. Amata has set a sales target of 3,000 rai this year. If the deals are ...
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PTT seeks partnership for biodiesel
PTT Plc, the energy conglomerate, is seeking local partners for joint investment in a 15-billion-baht biohydrogenated diesel (BHD) plant in Map Ta Phut, Rayong with a capacity of 370,000 tonnes a year. Executive vice-president Nattachart Charuchinda said PTT wants a new partner in the palm oil business in order to secure feedstock. Potential partners could be palm oil cooperatives in the ...
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Toshiba opens B2bn air-conditioner plant
Thailand will become the global export production base for Toshiba air conditioners in the next three years, affirming its importance despite the impact from the 2011 flood ...
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True looks into starting infrastructure fund
True Corporation is keen on setting up an infrastructure fund, says Vorapol Socatiyanurak, secretary-general of the Securities and Exchange Commission. "True's financial team asked for advice on establishing an infrastructure fund," he said yesterday. Thailand only has one infrastructure fund, the BTS Rail Mass Transit Growth Infrastructure Fund (BTSGIF), backed by revenue from ...
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Rising baht could trigger crisis Thaksin
Former prime minister Thaksin Shinawatra warned yesterday that a lack of cooperation between the central bank and the Finance Ministry in reining in the strengthening baht could lead to a new financial crisis for Thailand. Thaksin said the current economic indexes were worrying. "I like looking at different indexes and often get alarmed," he said. "During the crisis, only the ...
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NACC asks who will be responsible
Watchdog warns scheme may be open to widespread corruption The National Anti-Corruption Commission (NACC) yesterday urged the Cabinet to identify who in the government would be held responsible if damages arise from the government's Bt350-billion water-management and flood-prevention modules. The government's Water and Flood Management Commission (WFMC) has been pushing hard for the ...
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New services get mixed reactions
In the last two weeks since the three key mobile phone operators - Advanced Info Service (AIS), True Corp and Total Access Communication (DTAC) - launched their 3G and 4G services for 2.1GHz, there have been mixed reactions from consumers getting to grips with their new packages. We checked out some comments on Facebook to see what consumers thought of the changes so far. Warat Karuchit, an ...
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Thailand Cambodia agree to strengthen bilateral ties
Thailand and Cambodia yesterday agreed to strengthen cooperation and solve any border conflicts with mutual trust. Defence Minister ACM Sukampol Suwannathat met his Cambodian counterpart General Tea Banh at a General Border Committee (GBC) meeting at a golf resort in Rayong province. After the meeting, Sukampol told the press that both countries had agreed to boost cooperation in suppressing ...
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GPO agrees to fire managing director for negligence
Dr Pipat Yingseri, chairman of the board, said it had met to discuss irregularities in the purchasing and procurement of raw materials to make paracetamol, and delays in the construction of an influenza-vaccine plant and an HIV/Aids drug plant. All 14 board members agreed that Witit should be fired immediately as he had failed to prevent the irregularities in buying the ingredients to produce ...
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Groups protest against medical co-payment scheme
Health advocates and patients' networks launched a protest yesterday against the National Health Security Office's move to introduce a co-payment system for the universal healthcare scheme. The NHSO executive board met yesterday to discuss a proposal by the National Economic and Social Development Board (NESDB) to introduce the co-payment scheme, under which subscribers would have to ...
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Lao PM to visit Thailand
Prime Minister of Laos Thongsing Thammavong will lead a high-level delegation to attend a joint Lao-Thai cabinet meeting and the 2nd Asia Pacific Water Summit in Chiang Mai, Thailand, on May 19-20. His visit is in response to an invitation from Thai Prime Minister Yingluck Shinawatra. According to a Thai media report, the two sides will discuss a number of cooperation projects including the ...
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Tax cut proposed for overseas shows
Thai companies are likely to be allowed to deduct from their corporate taxes the expenses incurred from their participation in overseas trade and exhibition fairs. The Finance Ministry on Tuesday will ask for the Cabinet's approval for a draft law that will allow companies to deduct 100 per cent of the expenses involving space rental, insurance, and shipments of materials for the ...
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Activists uneasy over GPO chiefs sacking
The dismissal of the Government Pharmaceutical Organisation (GPO) chief would disrupt Thailand's drug distribution system, health advocates warn. The sacking of GPO managing director Witit Artavatkun could be part of a broader agenda to benefit private-sector drug firms, some said. GPO board chairman Pipat Yingseree said the state agency's board on Friday decided to dismiss Mr Witit ...
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SET hits new 19-year high
The Stock Exchange of Thailand index today hit a new 19-year high again, gaining 10.07 points or 0.62 per cent to end the day at 1,627.96. The previous 19-year high at 1,623.48 was registered on May 14. Turnover was as brisk as Bt55.30 billion. Blue chip SET-50 index was at 1,079.78, up 6.89 points, or 0.64 per cent. Top five active (value) stocks: INTUCH, ADVANC, TRUE, CK, ...
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Thai fund industry scores high
Thailand's asset management industry is one of the most investor-friendly in the world, according to a study by Morningstar, the US-based mutual fund tracking service. Thailand's fund industry ranked third with a grade of B, behind the United States (A) and South Korea (B+), in the 24-country survey. Three other countries achieved B grades: the Netherlands, Singapore and Taiwan. The ...
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Scientific research going downhill
Science and technology development in Thailand is "going downhill" under the Pheu Thai government, which sees research only in terms of short-term business gains, says the National Science and Technology Development Agency (NSTDA). The NTSDA has called on people to wear black on Monday to protest against Pheu Thai's failure to keep its promises to improve research and ...
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Chiang Mai reds strange concept of democracy
Chiang Mai's red-shirts, known as Rak Chiang Mai 51, may not join their fellow reds at a rally planned by the United Front for Democracy against Dictatorship (UDD) at Ratchaprasong intersection on Sunday to mark the third anniversary of the May 19, 2010 dispersal of protesters by the ...
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Apple losing innovation magic
Hedge funds sold large stakes of the iPhone maker's stock in the first quarter, Apple shares are down 40% from last year’s high and the company paid higher interest rates for a recent bond sale than Microsoft -- in a PC trumps Mac moment. Now, 71% of poll respondents say the Cupertino, California, company has lost its cachet as an industry innovator, which includes 28% who say it is ...
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Bangkok Meetup What 500 Startups Sees in Southeast Asia
500 Startups to share with us what he sees in Southeast Asia. Join us for this event on June 9 at 5.00 p.m and you will be in for a great time of content, sharing, and networking. Tickets for Tech in Asia Meetup are free but grab them fast while stocks ...
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ASICS wants monitoring of Cambodian sub-contractors after accident
Phnom Penh - The Japanese athletics brand ASICS said Friday that it would push its four Cambodian sub-contractors to join a programme that monitors conditions in garment and shoe factories. The statement followed an accident Thursday at the Wing Star Shoes factory south-west of Phnom Penh, which killed two workers and injured 11 when a section of concrete ceiling collapsed. "We will ...
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Myanmar president to grant amnesty ahead of US visit
Yangon - Myanmar President Thein Sein plans to release at least 20 political prisoners Friday prior to his landmark visit to the United States next week, a prison watch group said. "We heard that at least 20 political prisoners will be released Friday," said Tun Kyi, head of the Assistance Association for Political Prisoners (AAPP-Burma), an exile group that monitors Myanmar's ...
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SET index opens down 3.91 pts 0.24 pct
Thai composite stocks index (SET) opened on Friday at 1,613.97, 3.91 points, or 0.24 per cent in line with most regional shares. Blue chip SET-50 index was at 1,068.59, down 4.27 points, or 0.40 per cent. Top five most active (value) stocks: JAS, TRUE, BLAND (XW),CEN, AAV. The ...
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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