The Bangkok Post
Floods spread to 12 provinces
Households and businesses in the South have been hit hard by flooding while all train services heading to the lower part of the region suspended after tracks were damaged by floodwater. At least 12 provinces in the South have been affected by flooding which began ...
Government to air concerns on Lao VAT
The government is set to raise the issue of Laos’s value-added tax in a joint discussion with Lao counterparts, fearing the new tax measure may cripple growing border trade. Adul Chotinisakorn, deputy director-general of the Foreign Trade Department, said that while the issue is an ...
Rice exports tipped to beat state target
Rice shipments out of Thailand are expected to fare better than the government’s target of 10 million tonnes because of price competitiveness and recovering exports of hom mali fragrant rice, shippers say. Even so, that amount would be insufficient to retake the title of world’s ...
Makkasan land deal derails
The Finance Ministry has backed away from developing the 500-rai Makkasan plot owned by the State Railway of Thailand under a debt-for-land deal with the rail agency. The State Enterprise Policy Commission, or the superboard, earlier agreed to a proposal that the SRT lease the Makkasan ...
GMS nations back investment boost
The region’s transportation network stands to get an investment boost after the The 21st Greater Mekong Subregion Ministerial Conference decided on a new investment plan on December 1. Six ministers from GMS countries — China, Laos, Vietnam, Cambodia, Thailand and Myanmar — endorsed an additional ...
Indonesia suspends cartel membership to avoid cuts
Indonesia has suspended its membership of the Organization of Petroleum Exporting Countries, less than a year after rejoining the cartel, as the net oil importer said it could not agree to the group’s production cuts. The decision came as the cartel agreed its first oil ...
Government optimistic on exports
The government remains positive that exports will stay flat or eke out marginal growth this year despite an unexpected drop in October after two months of gains. The Commerce Ministry on November 28 said exports fell by 4.2% year-on-year in October to UScopy7.78 billion after growth ...
Government pushes expressway to go ahead
The government has instructed authorities to resume construction of a section of the long delayed northern expressway linking the Kasetsart intersection and Nawamin Road, also known as the N2 section. The planned expressway, which will link west Bangkok at Bang Pa-In-Bang Phli motorway to east ...
Rojana keeps muted outlook for next year
SET-listed Rojana Industrial Park Plc (ROJNA) expects flat sales of land next year as the weak economic outlook persists and curbs investment, says independent director Amara Charoengitwattanagun. She said land sales in 2017 will remain at 400-500 rai, below the target of 500-600 rai announced ...
Duty-free soybean imports get state nod
The government on November 24 approved a three-year, tariff-free soybean import plan to ease domestic shortages on the condition that importers promote soybean farming and pay more for domestically grown soybeans. Deputy prime minister Prajin Juntong, who chaired the vegetable oil committee meetings, said importers ...
