Latest Bangkok News
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Asian companies more optimistic
Asia's top companies have become more optimistic about their business outlook with the retail and shipping industries rebounding sharply in the second quarter of 2013, according to a Thomson Reuters survey. The Thomson Reuters/INSEAD Asia Business Sentiment Survey found that the sentiment index climbed six points to 71 in June, its highest level in five quarters and the third consecutive ...
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Red shirts demand fair reporting
A group of red shirts gathered in front of the Nation newspaper headquarters in Bang Na on Wednesday, demanding that the paper do its duty and be neutral when reporting news. The group of about 20 people said they were members of Samut Prakarn Loving People Group and represented 50 districts of Bangkok. They also demanded that the Nation send out a representative to receive a letter of protest. ...
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COLUMN-Thailands rice scheme cutback doesnt go far enough Clyde Russell
Wed Jun 19, 2013 2:46am EDT --Clyde Russell is a Reuters market analyst. The views expressed are his own.-- By Clyde Russell LAUNCESTON, Australia, June 19 (Reuters) - The Thai government has finally done something sensible with its rice intervention scheme by trimming the amount of money it pays farmers for their crops. But don't for a minute believe the massive problems the scheme has ...
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US to open elite military fighting units to women
Washington - Women in the US military will soon be able to serve in elite fighting units, such as the Navy SEALS and Army Rangers, positions previously open only to men, the military said Tuesday. The US Army, Navy, Air Force and Marines released plans to open occupations such as infantry, armour and special operations by 2016. The US military said in January it would open combat positions to ...
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Thailands controversial rice scheme to run until 2017
The Yingluck Shinawatra government has given in to heavy public criticism over the huge 130-billion-baht (US$4.22 billion) loss incurred through its controversial rice-pledging scheme, agreeing to reduce the minimal price from 15,000 baht to 12,000 baht per tonne. Payment for rice will be reduced from the end of this month - June 30 - till the end of the current crop season in late September, ...
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SET up 6.15 points at midday
The Stock Exchange of Thailand main index went up 6.15 points, or 0.43%, to close at 1,433.57 points at the end of trading session this morning. The trade value was 25.24 billion baht, with 5.40 billion shares traded. The SET50 index ended at 956.30 points, up 5.77 points, or 0.61%, with a total trade value of 16.17 billion baht. The SET100 index rose 10.50 points, or 0.50%, to stand at ...
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Thai retailers deny dangerous chemicals in packed rice
Major modern retailers yesterday rejected allegations circulating on social media that they are selling packed rice that has been stored for a long time and has been treated with substantial amounts of anti-fungal and anti-weevil chemicals, which can be dangerous to consumers. Their assurances of the quality of their rice products were backed up by the Thai Retailers Association (TRA), which ...
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STOCKS NEWS THAILAND-Thaicom flat company expects higher 2013 profit
Wed Jun 19, 2013 12:10am EDT Shares in satellite operator Thaicom Pcl were unchanged at 32 baht after climbing at one point to 33 baht following a forecast of higher profit from the company. The tech subindex fell 0.4 percent, erasing earlier gains, while the main Thai stock index, which climbed more than 1 percent earlier, was down 0.3 percent. Thaicom expects strong growth in earnings this ...
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Dugong disappearing fast from southern Thailand
Trang's dwindling dugong population is now threatened with extinction as the Seagrass meadows it feeds upon in the waters around Koh Libong have shrunk to 7,306 square rai. Trang is in the south of Thailand and is known for its jungles, mountains, waterfalls and beaches. The head of Trang's Marine and coastal resources conservation centre, Prachuap Mokharat, said yesterday that a ...
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SET up 18.77 points at opening
Thai stocks opened up 1.31% at the start of trade this morning. The Stock Exchange of Thailand main index opened at 1,446.19 points, up 18.77 points from yesterday’s close. The trade value was 2.12 billion baht, with 590.70 million shares traded. The SET50 index opened at 964.00 points, up 13.47 points, or 1.42%, with a total trade value of 1.02 billion baht. The SET100 index rose 29.83 ...
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Baht drops investors await Fed signal
Thailand's baht fell to within 0.4% of a nine-month low and bonds dropped as investors waited for a signal from the US Federal Reserve on the future of its stimulus program that has spurred fund flows to emerging markets. Fed Chairman Ben S Bernanke will speak to reporters at the end of the monetary authority's two-day meeting on Wednesday. Global investors have pulled US$2.6 billion ...
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Thailands Songkhla ranked fourth highest in human-trafficking
The Royal Thai Police revealed that Songkhla ranked fourth in terms of the number of areas most at risk of human-trafficking crimes at 642, after Bangkok's 1,108, Chumphon's 997 and Prachuap Khiri Khan's 848 locations. This report prompted Social Development and Human Security Minister's secretary Anusorn Eiamsa-Ard to visit the province for inspection yesterday, where he ...
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Exat approves rise in toll fees
The Expressway and Rapid Transit Authority of Thailand (Exat) board has approved a proposal to raise tolls on urban and suburban expressways by at least 5 baht. Exat governor Aiyanat Tinapai said the toll increase for the urban expressway network will come into force on Sept 1 and the toll hike for the suburban network will take effect on Nov 1. Tolls for the urban network will rise from 45 to ...
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Maduzi Hotel Bangkok joins Secret Retreats
Bangkok--19 Jun--Maduzi Hotel Bangkok Maduzi Hotel Bangkok has recently been selected to be a member of Secret Retreats, a brand-new collection of heavenly hideaway boutique hotels, all Asian by essence. The selection was based on it's inner sanctuary, an ideal place where one can retreat from the buzz of Bangkok. Secret Retreats refers to the list of hotels, camps and boats in Asia ...
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Want a new Thai PM Then vote for someone else
Some Thais appear to have learnt nothing from history - as suggested by a group's calls for the royal appointment of a new premier to replace elected Prime Minister Yingluck Shinawatra. On Monday, the Thai Patriotic Front lodged a petition with the Bureau of the Royal Household seeking a new premier through an undemocratic method. This is the second time in seven years this group of Thai ...
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Photo Release Sahaviriya Bangkok Triathlon 2013
Bangkok--19 Jun--Sahaviriya Steel Industries Mrs. Suleemas Suthisamphat (4th from right), Chairman of the Sahaviriya Bangkok Triathlon Organizing Committee and the Representative of Rajcha Pracha Samasai Foundation, together with Mr. Nava Chantanasurakon (2nd from left), Vice President, Public Affairs and Social Responsibility Division of Sahaviriya Steel Industries Plc. (SSI), and other ...
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Nok Air to expand after IPO
Nok Air wants to acquire up to six additional new turboprop aircraft to support its strategy of tapping potential traffic on secondary domestic ...
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Osmep launches new loan plan
The Office of Small and Medium Enterprise Promotion (Osmep) has come up with a new loan scheme to help smaller businesses cope with the higher daily minimum wage, with at least 6,300 SMEs eligible. Under the Industry Ministry, Osmep estimates up to 100 enterprises have closed due to the the government's daily minimum wage hike to 300 baht, while about 1,000 employees were laid off. With a ...
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DSI discovers hundreds of false luxury car claims
The Department of Special Investigation (DSI) inspected 384 luxury cars on Tuesday and found 301 of them had been falsely declared as being locally reassembled. The DSI plans to inspect a total of 548 imported cars, each costing more than 4 million baht on suspicion of tax evasion. Vehicles that are locally reassembled are subject to a lower import tax rate than those that arrive in complete ...
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Kiwi found dead in Thai hotel
Source: Close Up Thai police are speculating that a Dunedin-born man found dead in his apartment in the beach resort city of Pattaya may have suffered from an acute medical problem which caused him to collapse. Alan Patrick Mouncey, 38, was carrying a British passport, the Pattaya People newspaper reported. Mouncey was found dead in his third-floor apartment on Monday afternoon. He had booked ...
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Bangkok Insiders Guide Why The Siam Hotel Sets A New Luxury Standard
suspects. They are easy to pick out of a line-up--a high-rise city hotel run by an international brand (Mandarin Oriental, Peninsula)--and easy to find, as most of them are ensconced along the Chao Praya River, many in the vicinity of Silom Road. I don't mean to imply that they're run of the mill; many of them are among the best city hotels in the world. It's simply that ...
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Soccer team slammed over loss to Thai...
The Chinese national soccer team's loss to Thailand Saturday has triggered nationwide criticism, with many Chinese furious at the humiliating performance of the team, which has received massive public funds and which many fans had high expectations of. The team was thrashed 5:1 in a friendly match with Thailand, after losing 2:1 to Uzbekistan on June 6 and 2:0 to Holland Wednesday. The ...
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Operators may pool resources
State-run free-TV operators may form a joint venture to operate a network for digital TV together now that the regulator has granted them licences. The National Broadcasting and Telecommunications Commission (NBTC) issued the network operator licences to the Royal Thai Army, which operates Channel 5; MCOT Plc for Channel 9; the Public Relations Department for Channel 11; and Thai PBS, the ...
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KCE allots B4.7bn for plant
The SET-listed KCE Electronics Plc, one of the largest printed circuit board (PCB) manufacturers in Southeast Asia, plans to more than double its production capacity by building a 4.67-billion-baht factory in Bangkok's Lat Krabang district. Managing director Bancha Ongkosit said the new factory, with a production capacity of 2 million square feet a month, will serve rising demand from ...
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BoT signals a pause after cut
The Bank of Thailand says it will maintain balance on growth and financial stability risks, implying that it could stand pat at the upcoming policy rate call on July 10 after a 25-basis-point cut for the first time this year at the May 29 meeting. Risks to financial stability incurred from the double-digit percentage growth in credit and rising household debt along with downside growth are ...
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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