News
Foreign diplomats question Thai draft charter
Foreign diplomats queried the merits of the Thai draft charter on 9 February, raising questions as to how the draft could prevent the country from plunging back into political conflict. The Constitution Drafting Committee (CDC) and the Foreign Ministry held a briefing on 9 February on the draft constitution ...
Thai shares dip as global recovery stalls
Thai stocks fell briefly below the psychological 1,300 mark on 9 February as intensifying anxiety over the global economy fanned demand for safe-haven assets, with local gold bullion momentarily hitting 20,050 baht per baht-weight. The Stock Exchange of Thailand (SET) index started the day on a ...
Thai AirAsia the first LCC to serve Luang Prabang
Laos has finally opened its restricted skies to Thai AirAsia (TAA), which has relentlessly pursued the issue for eight years. The neighbouring state will from 24 March allow the no-frills carrier to operate regular flights from Bangkok to Luang Prabang, with Vientiane a second destination on ...
TCC set to take on retail giants
TCC Group, owned by billionaire Charoen Sirivadhanabhakdi, will emerge as a leading retail chain in Thailand after buying a 58.56% stake in SET-listed Big C Supercenter Plc for 122 billion baht. The acquisition has fulfilled Mr Charoen’s dream of owning a retail distribution channel after failing ...
Analysts see Thai stock market advancing 11% this year
The Stock Exchange of Thailand index is forecast to gain 11% to 1,442 points this year, based on government infrastructure projects, says the Investment Analysts Association (IAA). The analysts forecast the index will peak at 1,501 points and hit a trough of 1,163, with 60.7% of analysts ...
Thai FDI soaring in nearby lands
Thailand’s outward foreign direct investment (FDI) is flourishing as investors large and small rev up international expansion in line with the government’s commitment to supporting such investment and helping companies secure cheaper raw materials. Keep reading ...
Stimulus stuck in slow lane
Thai Deputy Prime Minister Somkid Jatusripitak’s appointment at the economic helm late last August was followed by rapid-fire launches of stimulus measures to revive the slowing economy. Measures worth more than 400 billion baht were announced but disbursement of the funds was slow, snagged by red tape. ...
Contracts signed to extend Bangkok-Chon Buri motorway
The Highways Department has signed contracts to extend the Bangkok-Chon Buri motorway to reach the Map Ta Phut industrial estates of Rayong within four years. Department representatives signed five of 13 contracts for the 31.2-kilometre-long extension project for Highway No.7 on 8 February. Keep reading ...
Storm surge damages homes and forces school closures
A storm surge and subsequent coastal flood in the southern province of Nakhon Si Thammarat on 8 February morning swept 10 vacant homes into the sea in the hard-hit Pak Phanang district while also caused many local schools to temporarily close. Keep reading ...
Indonesia, Malaysia and Thailand to cut rubber exports
The three Southeast Asian countries grouped in the International Tripartite Rubber Council (ITRC) will cut exports by 615,000 tons in the six months until August 31, 2016. Indonesia agreed to cut its exports by 238,736 tons, while Malaysia and Thailand pledged to reduce their overseas ...
