Latest Bangkok News
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Microsoft unveils new Xbox Now with live TV
Seattle - Microsoft on Tuesday unveiled the next iteration of its Xbox video game console, Xbox One, in its latest bid to keep its market share in the home entertainment system market. Microsoft's current console, the Xbox 360, has overtaken the video-game machine market from both the Sony Playstation 3 and the Nintendo Wii since it was introduced seven years ago. The Xbox One will take ...
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Most Thai CEOs believe high baht hurting business survey finds
Four in five CEOs believe that the baht bubble is battering their business, the long-term health of the economy remains unclear and rising costs will continue to constrict liquidity, according to a survey of chief executives' sentiments for ...
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Prasarn Data must be checked
The Bank of Thailand stands ready to ease its monetary policy if the country's economic growth loses momentum but must first consider in detail what is causing the weaker-than-expected growth before making any decision, says governor Prasarn Trairatvorakul. He said the 3.9% domestic consumption growth rate announced by the National Economic and Social Development Board (NESDB) is far lower ...
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Kittiratt to introduce measures to cool baht
Deputy Prime Minister Kittiratt Na-Ranong will this week impose some of four measures suggested by the Bank of Thailand to weaken the baht. The move is aimed at rescuing exports after lower-than expected first-quarter results. First-quarter exports rose by 4.5%, only half the 9% forecast by the Commerce Ministry. The National Economic and Social Development Board blamed the poor performance ...
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Big policy rate cut may cause bubbles
The Bank of Thailand should not cut the policy interest rate significantly, as it could lead to bubbles in the market, economists have warned. Bunluasak Pussarungsri, head of research for CIMB Thai Bank's risk management group, said lowering interest rates to prevent baht appreciation needs to go hand in hand with measures to control loans, or else household debts will rise and eventually ...
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INTUCH risks being ineligible for MSCI
The unclear nationality of one of the major shareholders of Shin Corporation Plc (INTUCH) may cause the stock to be ineligible for the MSCI Index, according to a statement by MSCI Inc, a global provider of investment-decision support tools. In MSCI's May 15 semi-annual index review, the telecommunications stock was among the largest additions to the MSCI Emerging Markets Index thanks to ...
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Tokio Marine keeps the ship steady
XI'AN : Tokio Marine Life Insurance (Thailand) is upbeat about continued strong growth this year driven by pension policies and its strong agency channel. "Pension and annuity business remain our cash cows," said Somphot Keitkraival, chief agency officer and a senior executive vice-president. "There remains tremendous untapped potential in this segment despite certain ...
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Aussie firms seek partners
With foreign investment flowing into Myanmar, Australian companies are keen to find Thai partners to gain a solid investment foothold in the previously military-ruled neighbour, particularly in areas that are closed to foreign firms in ...
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Thaksins call gives boost to Worachai bill
Deputy Prime Minister Chalerm Yubamrung's attempt to push for a blanket amnesty for people involved in past political unrest appeared doomed Tuesday. Pheu Thai de facto leader Thaksin Shinawatra has ordered the party to adopt a different legislative draft. In a call to the party via Skype, Thaksin told the party's committee overseeing political strategies to forward the bill proposed ...
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South hit by huge electricity blackout
A massive power blackout hit 14 southern provinces Tuesday night after a transmission failure in Prachuap Khiri Khan cut off supply from the Central ...
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Condo raid nets capitals largest-ever drugs haul
A raid yesterday at a condo in Bung Kum district netted Bangkok's largest-ever single seizure of drugs, police say. Officers seized about 4.5 million methamphetamine pills and 60kg of crystal methamphetamine worth around 1.5 billion baht, Office of the Narcotics Control Board (ONCB) secretary-general Pol Gen Pongsapat Pongcharoen ...
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MAI companies post 54 profit jump
MAI-listed companies posted a combined net profit of 1.98 billion baht for the first quarter, up by 54.3% year-on-year, thanks to better profit margins. Chanitr Charnchainarong, president of the Market for Alternative Investment (MAI), said 69 companies representing 82% of all listed companies on the market for small-capitalisation companies made profits during the January-March period. ...
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VGI ramps up skytrain Airport Rail Link coverage
VGI Global Media Plc, the advertising space provider under the BTS Group, will begin selling ads in cross-category packages for the skytrain on Oct 1. The move will help to increase its gross profit margin by 1-2% and boost revenue to 1 billion baht this year. In its cross-category package, clients can buy ad spaces on billboards and LED monitors on stations, train bodies, signs inside train ...
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200 new citizens get papers
Chiang Rai's Mae Fah Luang district office yesterday issued ID cards to 200 people who were granted Thai nationality. Presiding over the card-issuing ceremony, district chief Wornnayarn Bunyarat said the move was part of the government's policy to tackle the problem of stateless people before ...
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Care needed with Thai biodiversity
Thais take too much from their country's bio-diversity - plants, animals and micro-organisms - and ignore limits in the process, a Thailand Environment Institute adviser warned yesterday. "Such ignorance has led to degradation and the loss of diversity," Prof Sanit Aksornkoae said at the National Research Council of Thailand (NRCT). The session aimed to gather opinions for ...
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Obec chief faces investigation
The education minister has assigned a grave-disciplinary-offence committee to investigate Office of Basic Education Commission (Obec) chief Chinnapat Bhumirat for dereliction of duty, Deputy Education Minister Sermsak Pongpanich said yesterday. The committee, headed by Commission on Higher Education chief Apichart Jeerawut, has been urged to undertake the probe speedily. If Chinnapat feels he ...
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Ministry to take action against sex-trafficking in Chachoengsao
Social Development and Human Security Ministry officials have vowed action after discovering a rise in the number of immigrant workers in Chachoengsao province, especially Laotians working as prostitutes in karaoke bars. The ministry's deputy permanent secretary Supareuk Hongpakdee said yesterday that ministry officials had inspected areas prone to immigrant prostitution as a result of ...
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Bangkok set for 2014 Formula E Grand Prix
Bangkok was yesterday chosen to host a race in the inaugural season of the FIA Formula E Championship for electric cars next year. The announcement came during a special unveiling for the first time in Asia of the fully-electric-powered Formula E car, witnessed by Alejandro Agag, CEO of Championship promoter Formula E Holdings (FEH), advisor to the Minister of Energy Pol Maj-General Lattasanya ...
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Double Olympic champion to attend Taekwondo Youth Camp in Thailand
Frank Kugler won four Olympics medals in freestyle wrestling, weightlifting and tug of war at St Louis in 1904, making him the only competitor to win a medal in three different sports at the same Games. He claimed a silver medal in the heavyweight category in wrestling, bronze in the two hand lift and all-around dumbbell events in weightlifting and another bronze in the tug of war competition as ...
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NBTC slashes number switching fee
The cost of switching mobile networks and keeping the same phone number - known as mobile number portability - will be cut by 70 baht to 29 baht per transaction from July 1 in a move by the National Broadcasting and Telecommunications Commission to boost competition in the mobile market. The NBTC's telecom committee approved cutting the fee from 99 to 29 baht on Tuesday. Mobile number ...
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Bugs for dinner Thailand raises ‘six-legged livestock’ for global food study
A new study says teens who had a schoolmate die by suicide are more likely to consider or attempt taking their own lives than those who haven't lost a peer to ...
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Massive power failure strikes southern Thailand affecting popular resorts
BANGKOK - A massive power failure has affected more than 8 million people in Thailand's 14 southern provinces, including popular tourist areas such as Koh Samui and Phuket, in one of the country's biggest blackouts in recent memory. Electricity Generating Authority of Thailand official Thatri Rewcharoen says the blackout was triggered Tuesday evening by the failure of the main high ...
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Brief blackout in the South causes confusion
Most of the South was engulfed in darkness for 35 minutes from about 7.45pm Tuesday night following malfunctions at the main power station in Prachuap Khiri Khan's Kui Buri district. The distribution of electricity resumes, first after around 35 minutes at certain locations, but most of the region are still in the dark even after two hours. Initial reports quoting the Provincial ...
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Interior Minister receives British and Thai Ambassadors
Manama, May 21 (BNA) -- Interior Minister Lieutenant General Shaikh Rashid bin Abdullah Al Khalifa today received British Ambassador to the Kingdom of Bahrain, Iain Lindsay, to review bilateral relations and issues of joint interests between both kingdoms. The Interior Minister also received Thai Ambassador to Bahrain, Vichai Varasirikul, to explore bilateral relations and issues of joint ...
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Cabinet approves dismissal of GPO chief
The cabinet on Tuesday approved the immediate dismissal of managing director Witit Artavatkun from the Government Pharmaceutical Organisation, as proposed by the Public Health Ministry. Lt Sunisa Lertpakawat, deputy government spokeswoman, said the ministry proposed the firing of Dr Witit after an investigation of irregularities in the procurement of 148 tonnes of paracetamol ingredients, and ...
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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