Latest Bangkok News
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New services get mixed reactions
In the last two weeks since the three key mobile phone operators - Advanced Info Service (AIS), True Corp and Total Access Communication (DTAC) - launched their 3G and 4G services for 2.1GHz, there have been mixed reactions from consumers getting to grips with their new packages. We checked out some comments on Facebook to see what consumers thought of the changes so far. Warat Karuchit, an ...
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Thailand Cambodia agree to strengthen bilateral ties
Thailand and Cambodia yesterday agreed to strengthen cooperation and solve any border conflicts with mutual trust. Defence Minister ACM Sukampol Suwannathat met his Cambodian counterpart General Tea Banh at a General Border Committee (GBC) meeting at a golf resort in Rayong province. After the meeting, Sukampol told the press that both countries had agreed to boost cooperation in suppressing ...
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GPO agrees to fire managing director for negligence
Dr Pipat Yingseri, chairman of the board, said it had met to discuss irregularities in the purchasing and procurement of raw materials to make paracetamol, and delays in the construction of an influenza-vaccine plant and an HIV/Aids drug plant. All 14 board members agreed that Witit should be fired immediately as he had failed to prevent the irregularities in buying the ingredients to produce ...
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Groups protest against medical co-payment scheme
Health advocates and patients' networks launched a protest yesterday against the National Health Security Office's move to introduce a co-payment system for the universal healthcare scheme. The NHSO executive board met yesterday to discuss a proposal by the National Economic and Social Development Board (NESDB) to introduce the co-payment scheme, under which subscribers would have to ...
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Lao PM to visit Thailand
Prime Minister of Laos Thongsing Thammavong will lead a high-level delegation to attend a joint Lao-Thai cabinet meeting and the 2nd Asia Pacific Water Summit in Chiang Mai, Thailand, on May 19-20. His visit is in response to an invitation from Thai Prime Minister Yingluck Shinawatra. According to a Thai media report, the two sides will discuss a number of cooperation projects including the ...
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Tax cut proposed for overseas shows
Thai companies are likely to be allowed to deduct from their corporate taxes the expenses incurred from their participation in overseas trade and exhibition fairs. The Finance Ministry on Tuesday will ask for the Cabinet's approval for a draft law that will allow companies to deduct 100 per cent of the expenses involving space rental, insurance, and shipments of materials for the ...
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Activists uneasy over GPO chiefs sacking
The dismissal of the Government Pharmaceutical Organisation (GPO) chief would disrupt Thailand's drug distribution system, health advocates warn. The sacking of GPO managing director Witit Artavatkun could be part of a broader agenda to benefit private-sector drug firms, some said. GPO board chairman Pipat Yingseree said the state agency's board on Friday decided to dismiss Mr Witit ...
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SET hits new 19-year high
The Stock Exchange of Thailand index today hit a new 19-year high again, gaining 10.07 points or 0.62 per cent to end the day at 1,627.96. The previous 19-year high at 1,623.48 was registered on May 14. Turnover was as brisk as Bt55.30 billion. Blue chip SET-50 index was at 1,079.78, up 6.89 points, or 0.64 per cent. Top five active (value) stocks: INTUCH, ADVANC, TRUE, CK, ...
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Thai fund industry scores high
Thailand's asset management industry is one of the most investor-friendly in the world, according to a study by Morningstar, the US-based mutual fund tracking service. Thailand's fund industry ranked third with a grade of B, behind the United States (A) and South Korea (B+), in the 24-country survey. Three other countries achieved B grades: the Netherlands, Singapore and Taiwan. The ...
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Scientific research going downhill
Science and technology development in Thailand is "going downhill" under the Pheu Thai government, which sees research only in terms of short-term business gains, says the National Science and Technology Development Agency (NSTDA). The NTSDA has called on people to wear black on Monday to protest against Pheu Thai's failure to keep its promises to improve research and ...
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Chiang Mai reds strange concept of democracy
Chiang Mai's red-shirts, known as Rak Chiang Mai 51, may not join their fellow reds at a rally planned by the United Front for Democracy against Dictatorship (UDD) at Ratchaprasong intersection on Sunday to mark the third anniversary of the May 19, 2010 dispersal of protesters by the ...
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Apple losing innovation magic
Hedge funds sold large stakes of the iPhone maker's stock in the first quarter, Apple shares are down 40% from last year’s high and the company paid higher interest rates for a recent bond sale than Microsoft -- in a PC trumps Mac moment. Now, 71% of poll respondents say the Cupertino, California, company has lost its cachet as an industry innovator, which includes 28% who say it is ...
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Bangkok Meetup What 500 Startups Sees in Southeast Asia
500 Startups to share with us what he sees in Southeast Asia. Join us for this event on June 9 at 5.00 p.m and you will be in for a great time of content, sharing, and networking. Tickets for Tech in Asia Meetup are free but grab them fast while stocks ...
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ASICS wants monitoring of Cambodian sub-contractors after accident
Phnom Penh - The Japanese athletics brand ASICS said Friday that it would push its four Cambodian sub-contractors to join a programme that monitors conditions in garment and shoe factories. The statement followed an accident Thursday at the Wing Star Shoes factory south-west of Phnom Penh, which killed two workers and injured 11 when a section of concrete ceiling collapsed. "We will ...
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Myanmar president to grant amnesty ahead of US visit
Yangon - Myanmar President Thein Sein plans to release at least 20 political prisoners Friday prior to his landmark visit to the United States next week, a prison watch group said. "We heard that at least 20 political prisoners will be released Friday," said Tun Kyi, head of the Assistance Association for Political Prisoners (AAPP-Burma), an exile group that monitors Myanmar's ...
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SET index opens down 3.91 pts 0.24 pct
Thai composite stocks index (SET) opened on Friday at 1,613.97, 3.91 points, or 0.24 per cent in line with most regional shares. Blue chip SET-50 index was at 1,068.59, down 4.27 points, or 0.40 per cent. Top five most active (value) stocks: JAS, TRUE, BLAND (XW),CEN, AAV. The ...
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SET index rises 10.07 points
Thai stocks gained 0.6% on Friday on economic optimism and news that four local blue-chips would be added to the MSCI Global Standard index of shares. The Stock Exchange of Thailand Index rose 10.07 points from Thursday to close at 1,627.96, an increase of 0.3% from 1,622.48 a week earlier. Turnover was 55.29 billion baht, with 10.45 billion shares traded. The market is up 16.9% from the end ...
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Skytrain extension ticket down to B10
A passenger selects her fare for the ride on BTS skytrain at Bearing station. (Photo by Somchai Poomlard) The Bangkok Metropolitan Administration officially launched the 5.25km extended route on Aug 12, 2011. It currently provides around 100,000 trips on weekdays and 70,000 trips on weekends. MR Sukhumbhand visited Bearing station on Friday and declared he had implemented his election promise ...
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Revenue car exports up business confidence down in April
State revenue from tax collection rose and car exports were also up in April, but industry confidence was down on concerns about the baht's strength and the global economic situation. Government revenue from tax collection in April totalled 127.58 billion baht, exceeding the earlier estimate by 10.58 billion baht, or 9%, Somchai Sajjapongse, director general of the Fiscal Policy Office at ...
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SE Asia Stocks-Thai index up on MSCI Singapore Airlines weak after results
BANGKOK, May 17 (Reuters) - Thai shares gained on Friday, led by gains in Shin Corp and Minor International that will be added to the MSCI index, but Singapore retreated as Singapore Airlines fell after posting weak results. The Thai SET index ended up 0.62 percent at 1,627.96 as shares in telecom group Shin Corp and hotel firm Minor International both rose more than 7 percent. Maybank Kim Eng ...
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Thaksin criticises central bank
Former prime minister Thaksin Shinawatra warned Friday that a lack of cooperation between the central bank and the Finance Ministry in reining the strengthening baht could lead to a new financial crisis for Thailand. The latest message in his Facebook account (www.facebook.com/thaksinofficial), posted Friday afternoon, said Japan could achieve a GDP growth of 3.5 per cent in the first quarter ...
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Thailand Cambodia strengthen cooperation
Thailand and Cambodia Friday agreed to strengthen cooperation and solve any border conflicts with mutual trust. Defence Minister ACM Sukampol Suwannathat met his Cambodian counterpart General Tea Banh at a General Border Committee (GBC) meeting at a golf resort in Rayong province. After the meeting, Sukampol told the press that both countries had agreed to boost cooperation in suppressing drug ...
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Thai Patriotic Front steps up pressure on govt to resign
The Thai Patriotic Front boasted Friday that up to 50,000 people would join its rally at Sanam Luang Saturday to demand the Pheu Thailed government resign. Chaiwat Sinsuwong, a leader of the group, said the mass rally would begin at 5pm and continue until the government agreed to step down. A few hundred Thai Patriotic Front members have been camping in Sanam Luang since May 7, despite an ...
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Irans Ahmadinejad to join Thai water summit
In this file photo, Iranian President Mahmoud Ahmadinejad delivers a speech for the Iranian New Year, Nowruz, in Tehran, Iran, Wednesday, March 20, 2013. (AP Photo/Office of the Supreme ...
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Emirates Increases South East Asia Capacity Launching additional second daily A380 to Bangkok
Emirates, one of the world's fastest growing airlines, announced on Tuesday an increase in capacity on its Bangkok and Hong Kong services. Bangkok, one of Emirates' earliest destinations in the Far East joining the network in 1990, will receive a second daily, non-stop Airbus A380 service from 27 October 2013, operating as EK372 which departs Dubai at 0940hrs and arrives in Bangkok at ...
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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