Latest Bangkok News
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IVL’s wide global reach offers more opportunities for cost control
Indorama Ventures Plc, one of the world's leading producers of polyethylene terephthalate (PET), is looking to leverage its global presence better to lower its costs, especially in the Asian ...
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GM revs up Asean expansion
The Chevrolet Spin mini-MPV is being assembled in Indonesia for sale throughout Asia including Thailand, where prices will start around 760,000 baht. "For Asean as a whole, all we can see is huge growth and enormous opportunities. The umbrella strategy is ‘build where you sell, and source where you build’," said Martin Apfel, president of GM’s Southeast Asia ...
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Vietnam’s star is dimming
Like other would-be tiger economies, Vietnam faces a trifecta of new threats: a crisis-paralysed Europe, a faltering America, and a newly spendthrift Japan. Yet the biggest risk to the country's future may be old-fashioned nostalgia. It has been 27 years since Hanoi launched the Doi Moi reforms that allowed privately owned companies to participate in the economy and opened key sectors, ...
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Telecom bidders vie to stand out in Myanmar ‘beauty contest’
Bidders for telecom licences in Myanmar are stepping up activities in the country in hopes of scoring high in a "beauty contest" being held by consultants hired by the government. The 12 shortlisted candidates were prequalified on April 11. The two successful applicants will be named on June 27. The government intends to finalise the granting of licences by September. The government ...
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Time to hang up on cold callers
Picture yourself in a meeting, maybe even out of the country, when your mobile phone rings. You answer, and the person on the other end of the line asks if you'd be interested in a new credit card, an insurance policy or a better mobile data plan. Very few people I know enjoy calls from telemarketers but all of us seem to be bombarded by them. That’s why I was pleasantly surprised to ...
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China in the lead
Dawei got off to a slow start, with Italian-Thai Development Plc (ITD) struggling to secure financing. Investors were concerned that the new government did not seem as keen on Dawei as the military junta that awarded the original contract to ITD. Those concerns have now been resolved, with the Thai and Myanmar governments taking a lead role and establishing a special purpose vehicle (SPV) ...
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UPDATE 2-Thai Q1 GDP shrinks adding to govt pressure for rate cut
Mon May 20, 2013 3:09am EDT * Q1 GDP q/q -2.2 pct vs poll -0.8 pct, revised +2.8 pct in Q4 * Q1 GDP y/y +5.3 pct vs poll's +5.7 pct, Q4 revised +19.1 pct * 2013 GDP growth forecast cut to 4.2-5.2 pct * Domestic demand slows, exports soft (Adds detail, economists' comments) By Orathai Sriring and Kitiphong Thaichareon BANGKOK, May 20 (Reuters) - Thailand's economy contracted more ...
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Asians abroad remit 260 billion dollars home in 2012
Some 60 million Asian workers abroad remitted 260 billion dollars to their home countries last year, making up 63 per cent of global remittance flows, the United Nations said Monday. "An estimated 70 million Asian households benefit from theseflows," a report by the UN and the World Bank said. Worldwide remittances amounted to 410 billion, it ...
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Thailands GDP contracts 2.2 in Q1
(MENAFN) Thailand's National Economic and Social Development Board (NESDB) stated that the country's gross domestic product (GDP) contracted a seasonally adjusted 2.2 percent from the previous quarter, reported Reuters.The quarterly contraction is the first since 2011's last quarter, when severe flooding caused a reduction of 10.5 percent.The NESDB also lowered its full-year ...
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Framework for Bangkoks development
The Nation/Asia News Network Monday, May 20, 2013 Bangkok has never stayed the same. And if a city plan can be a good indicator, the new face of the Thai capital is already taking shape. Bangkok's latest city plan, which came into effect last Thursday, shows "sub-cities" set to mushroom across many suburban zones. It has also identified the location of planned garbage plants ...
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Price of oil falls below $96 per barrel as traders await data Fed chief Bernankes speech
BANGKOK - The price of oil fell Monday ahead of the release later this week of economic data from the U.S. and China, the world's two largest economies, and a speech by the Federal Reserve chief. Benchmark crude for June delivery was down 25 cents to $95.77 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 86 cents to close at ...
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SET climbs to 1639.42pts
Optimism remains in the Stock Exchange of Thailand, despite a revision in the economic growth forecast. At mid-day, the SET index gained 11.46 points or 0.70 per cent to 1,639.42 points, the highest in 19 years. Turnover was brisk at Bt27.7 ...
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Listed companies earnings up 13.5 in Q1
Thailand's listed companies showed the 13.5 per cent increase in quarterly earnings, according to data from DBS Vickers Securities (Thailand). Their combined net profits in the first quarter reached Bt244 billion. Among all stocks, those in the securities sector showed the highest year-on-year earning growth, at 222 per cent, thanks to the increase in average daily turnover in the stock ...
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Framework for Bangkoks development
The Nation/Asia News Network Monday, May 20, 2013 Bangkok has never stayed the same. And if a city plan can be a good indicator, the new face of the Thai capital is already taking shape. Bangkok's latest city plan, which came into effect last Thursday, shows "sub-cities" set to mushroom across many suburban zones. It has also identified the location of planned garbage plants ...
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Yahoo to pay 1 billion dollars for blog site Tumblr reports say
New York - Internet veteran Yahoo Inc agreed to buy the blogging site Tumblr Inc in a deal worth over 1 billion dollars, US media reported Sunday. An official announcement was expected on Monday. The Yahoo board of directors unanimously approved an all-cash deal worth 1.1 billion dollars, according to the Wall Street Journal. The two companies were in serious talks last week and the deal was ...
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Lottery ticket sold in Florida wins record 590.5 million dollars
Washington - A single US Powerball lottery ticket holder in Florida won 590.5 million dollars, the biggest payout in the history of the game, media reports said. The ticket was sold at a supermarket in Zephyrhills, in the state of Florida, NBC News said, citing local lottery officials. Two winners shared the previous Powerball record payout of 587.5 million dollars in ...
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Cannes Report The Coens and Dutch gallows humour
The Coen brothers' 'Inside Llewyn Davis' is the hottest ticket in Cannes, and Dutch film 'Borgman' has emerged as the festival's joker, says Kong Rithdee | Bangkok Post: ...
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Anantara Bangkok Riverside Resort Spa Appoints Passionate New Italian Chef
Anantara Bangkok Riverside Resort & Spa proudly announces the appointment of Chef Michele Laiso, who took over responsibility for the resort's Italian restaurant, ...
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STOCKS NEWS THAILAND-Italian Thai at 2-month high on mine sale hopes
Mon May 20, 2013 12:46am EDT Shares in Italian Thai Development Pcl gained as much as 2.9 percent to a two-month high of 9 baht on expectations the builder would book a strong gain from a stake sale in its domestic potash mine seen later this month. Bualuang Securities pegged resistance for the stock at 9.25 baht as it expects the potash mine would be sold at a price higher than market ...
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Rising costs greatest threat to Thai govt
The increasing cost of living was cited as the major factor threatening to weaken public support for the Yingluck government in a poll by Assumption University. Higher cost of living was cited as the most likely cause of a drop in support for the government by 85.2 per cent of the 2,115 respondents in 17 provinces. Charter amendment (81.9 per cent) was the second most cited threat to the ...
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GDP expands 5.3 in Q1
Thailand's real gross domestic product expanded 5.3 per cent year on year in the first quarter this year, according to the Office of National Economic and Social Development Board. Compared with growth rate of 18.9 per cent in the fourth quarter last year, the GDP contracted 2.2 per cent, according to the think ...
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Thailand grows slower than estimated
Thailand's growth was slower than economists estimated in the first quarter as exports cooled, boosting the case for the central bank to cut interest rates. Gross domestic product increased 5.3% in the three months through March from a year earlier, after expanding a revised 19.1% in the previous quarter, the National Economic and Social Development Board (NESDB) said in Bangkok on Monday. ...
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Thailand concerned over high speed rail project delays
Thailand’s leaders say they’re concerned delays of the high speed rail link between Thailand and Laos via China could continue, after the Laos side placed the project on hold over Chinese involvement. Speaking at a Thai and Laos cabinet meeting last week, Thailand Prime Minister Yingluck Shinawatra said his cabinet has convened with Lao’s government about the delay, and ...
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Four arrested for hotel blast in southern Thailand
Four suspects were arrested yesterday in connection with an explosion at a Narathiwat hotel in the morning that left six people injured. The bombing took place at around 11am at Asia Hotel, in Sungai Kolok district of the southernmost Muslim-majority province. Room Nos 306 and 307 on the third floor of the hotel were severely damaged. The impact of the explosion brought down the ceilings of ...
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Red-shirts mass rally held in capital of Thailand
Thousands of supporters of the United Front for Democracy against the Dictatorship (UDD), or the Red shirts, rally to commemorate the third anniversary of the military crackdown on the anti-government protesters in the main shopping district of Bangkok, capital of Thailand, May 19, 2013. (Xinhua/Gao ...
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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