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Thai police arrest suspected Italian fraudster on Interpol request
Thai police have arrested an Italian national on suspicion of defrauding millions of dollars from Italian financial institutions and other crimes, police said Thursday. Stefano Raccaqni, 38, was arrested on Tuesday in Chiang Mai, 600 kilometres north of Bangkok, on a request from Italy via Interpol. He faces charges of defrauding Italian banks and finance companies of more than 8.6 million ...
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Thai stocks fall to two-week low before long weekend
BANGKOK, May 23 (Reuters) - Thailand's main SET index was down 1.6 percent at midday, underperforming others in Southeast Asia, as investors cashed in on recently rallying shares ahead of a three-day weekend and the central bank's policy rate review next week. Sentiment was broadly weak on worries in Asia about a reduction in U.S. monetary stimulus. Local brokers said the Thai stock ...
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Thai Bank of Ayudhya denies report of MUFG offer for stake
BANGKOK | Thu May 23, 2013 1:43am EDT BANGKOK May 23 (Reuters) - Bank of Ayudhya Pcl, Thailand's fifth-largest lender, denied a newspaper report that Japan's Mitsubishi UFJ Financial Group (MUFG) had offered to buy General Electric's stake in it for 40 baht per share. "The news is groundless," President Philip Tan told reporters on Thursday. Thai-language Khao Hoon ...
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South Thailands blackout not a reason to build plants
An academic yesterday warned the government against trying to use the recent power blackout in the South as an excuse to push ahead with the construction of more power plants. Several current power-plant projects face opposition from locals. "Various agencies have now given conflicting information, especially in regard to power demand in the South," assistant professor Prasart Meetam ...
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Baht weakens on Bernanke comment
The baht fell by the most in almost two weeks as speculation the US Federal Reserve will scale back its bond-buying damped demand for emerging-market assets. Fed chairman Ben Bernanke said Wednesday the central bank may taper its $85 billion a month of purchases if it is confident of a sustained improvement in the US economy. Thai first-quarter growth trailed analysts' estimates, boosting ...
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Gold prices down 200 baht
The Gold Traders Association this morning announced buying prices at 19,025.80 baht per baht-weight for gold ornaments and 19,300 baht per baht-weight for gold bar. Selling prices were set at 19,800 baht per baht-weight for gold ornaments, and 19,400 baht per baht-weight for gold bar. This means gold prices were down 200 baht from yesterday’s close. Buying prices yesterday closed at ...
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SET down 5.96 points at opening
Thai stocks opened down 0.37% at the start of trade this morning. The Stock Exchange of Thailand main index opened at 1,625.31 points, down 5.96 points from yesterday’s close. The trade value was 3.02 billion baht, with 662.04 million shares traded. The SET50 index opened at 1,076.65 points, down 5.04 points, or 0.47%, with a total trade value of 1.97 billion baht. The SET100 index fell ...
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Ranger volunteer suspected insurgent killed in Narathiwat clash
Narathiwat - One suspected insurgent was killed and two others were arrested in a clash with rangers and volunteers late Wednesday night. A ranger volunteer, Yothin Promchuay, 23, was also killed during the clash at 11:30 pm in Ipayaet village in Tambon Juap in Joh I Rong district. The clash happened after 50 rangers and ranger volunteers were dispatched to check a house in the village after ...
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Lion Air plans Thai subsidiary
Indonesia’s low-cost airline, Lion Air, has made a move into Thailand’s aviation market, with plans to launch a new Thai subsidiary. Although plans for Thai Lion Air first came into light six years ago, Thailand’s Civil Aviation Department confirmed the plans this week, but stressed the airline is yet to submit an application for an air operator’s certificate. ...
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Thai police say they know identities of Central World arson suspects
Police are gathering evidence in support of arrest warrants for two suspected arsonists and six alleged accomplices in relation to the Central World Mall fire during the 2010 riots. Following a meeting yesterday to discuss the progress of the Central World arson probe, Metropolitan Police chief Khamronwit Thoopkrajang said investigators had identified two suspected arsonists from photographs ...
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Thawatchai Arunyik named next governor of Tourism Authority of Thailand
BANGKOK, Thailand - Thawatchai Arunyik, deputy governor for domestic marketing at the Tourism Authority of Thailand, has been selected as the TAT's next governor to replace Suraphon Svetasreni, whose contract with TAT will end on December 21. The decision to appoint Thawatchai to the top post at the state enterprise will not come as a surprise to the tourism industry, as he had been seen ...
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Not a reason to build plants
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Delegates vow to fight temple talk at WHC
Thailand's delegates to the World Heritage Committee (WHC) meeting in June will oppose any discussion on the Preah Vihear temple, the government says. Environment Minister Preecha Rengsomboonsuk said he will ask the cabinet to endorse this stance next week. Although Cambodia has already listed the temple as a World Heritage site, a dispute between Thailand and Cambodia regarding what ...
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Thailand tourism up from January to April
International tourist arrivals to Thailand posted a growth of 19.04% during January to April this year, according to Ministry of Tourism and Sports' data. Released late last week, the ministry's research registered 8,841,730 trips to the country during the first 4 months, up from 7,427,772 visits during the same period last year. In April alone, there were 2,013,012 trips, up 19.38% ...
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Forbes Merkel Still Worlds Most Powerful Woman
German Chancellor Angela Merkel has maintained her position as the most powerful woman in the world, in a ranking published Wednesday by Forbes magazine. Merkel has held the number one position on the Forbes list of the 100 most powerful women in the world for the third year in a row. The 58-year-old chancellor has been a regular on the list since her first appearance in 2006, one year ...
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National President of Skal meets with Thailand Director of Bhutans Tourism Council
BANGKOK, Thailand - Seen recently in Bangkok were Karma Lotey, Director of Bhutan's Tourism Council, President of the Association of Bhutan Tour Operators (ABTO) and CEO of Yangphel Travel, visiting friend Andrew Wood, National President of Skal International Thailand. Karma and Andrew discussed many topics during his visit to Andrew's home including the setting up of a Skal Club in ...
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Thai army chief urges self-imposed curfew for teachers
BANGKOK (AFP) - Thailand's army chief on Wednesday urged teachers in the country's insurgency-racked south to stay at home after 6pm to avoid falling victim to militants as the new school year gets under way.Nearly 160 teachers and other school staff have been killed during a nine-year-old insurgency that has gripped Thailand's Muslim-majority deep south, bordering Malaysia.Recent ...
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TAT veteran selected to lead agency
Thawatchai Arunyik, deputy governor for the domestic market at the Tourism Authority of Thailand (TAT), has been chosen as the agency's new governor, effective Dec ...
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FTI wants answers after outage
Business leaders yesterday demanded compensation from authorities for firms affected by Tuesday's massive power outage, while the Energy Ministry ordered a review of the emergency decision-making ...
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Source Rice scheme losses look set to soar to B200bn
Losses from the government's rice pledging scheme for the 2011-12 harvest year are estimated to reach 200 billion baht, far above the Finance Ministry's earlier forecast of 70-100 billion baht, says a source. The new estimate is based on the actual amount the government has received from rice sales and the estimated amount the government should receive by multiplying rice in ...
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INTUCH drops after MSCI index exclusion
Shares of Shin Corporation Plc (INTUCH) fell 3.75 baht or 3.88% yesterday after the stock failed to make it onto MSCI Inc's key index due to an insufficient free float, but analysts pointed out the decline presents buying ...
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Synergy chooses Thailand for its first Asian base
As Asian economies continue to be resilient to European financial woes, British firm Synergy, a manufacturer and supplier of flavour-enhancing ingredients, is setting up a new factory in Samut Prakan ...
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KTAM ETF aimed at commerce
Profits of listed companies in the Stock Exchange of Thailand's commerce sector are expected to grow by 25% this year. They are expected to keep rising over the next few years thanks to the government's economic stimulus policies and solid consumption growth in Asean countries. Recognising the trend, Krung Thai Asset Management (KTAM) yesterday announced the launch of the KTAM SET ...
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TK extends hire purchase business within Asean
Thitikorn Plc (TK), a motorcycle and auto hire purchase lender, is expanding its foothold in the Asean market with its first overseas foray since incorporating four decades ago. The company is waiting for a licence to operate a hire purchase business abroad, said deputy managing director Prapol Phornprapha. TK indicated earlier it was interested in Vietnam, Laos, Cambodia and Indonesia, with ...
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New DTAC app cultivates farm sector
Total Access Communication (DTAC) is tapping the masses by targeting the farm sector in the Northeast with a planned network investment of 7 billion baht this year. The latest project of Thailand's second-biggest mobile operator follows the recent roll-out of its TriNet 3G service. DTAC's new mobile service, the Farmer Info app, will be available free to Thai farmers nationwide. The ...
Thailand Focus
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Thailand's chances for the World Expo 2020
The World Expo 2020, if it were held in one of Thailand’s cities, would add around 1% to the national economy on its own. This is a huge amount of money and presents a significant impulsion for government authorities to secure the country’s bid, but the competition is strong and Thailand’s chances have been undermined.
The first World Exposition was held in London in 1851. At the time it was called “The Great Exhibition” and was intended to promote the industrial achievements of the various participating countries. The United Kingdom hosted the event because they, at the time, were of course the most industrialised nation in the world and the Crystal Palace they built to house the national pavilions was received as a wonder of engineering. Read more
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