Commerce minister (Thailand) asks operators to freeze prices
The Commerce Ministry has asked producers of consumer goods to hold prices at their current level for six months, to help Thais cope with the overall cost of living. Santichai Sarathawalpat, the deputy director general of the Internal Trade Department announced that the department would soon issue a notice to…
Thai businessmen eye investment in Myanmar
Kasikorn Bank Public Company Limited has revealed that many Thai businessmen have expressed interest in investing in Myanmar. The bank’s Managing Director, Theetanant Srihong, noted that the majority of these business operators are looking at forming joint ventures with the country’s private sector, effectively bypassing the nation’s legal complications…
“Thai-Indian Fun Fair” to boost friendship in the Thai-Indian community
“Thai-Indian Fun Fair” to boost friendship in the Thai-Indian community this Sunday. Held in collaboration with the Embassy of India, the fair will transform the football field of Srinakharinwirot University on Sukhumvit Soi 23 into a socio-cultural platform where 3,000 members of the Thai-Indian community are expected to gather for…
Remarks by Ambassador Harsh Vardhan Shringla During Reception on Board INS Sujata at Phuketon 23 April 2014 His Excellency Maitri Inthosut, Governor of Phuket Rear Admiral Prayooth Putian, Chief of Staff, 3rd Naval Area Command and all officers of the Royal Thai Navy Commander Happy Mohan and officers of the…
IMF predicts a bleak outlook for the Thai economy
The International Monetary Fund (IMF) has forecasted that the Thai economy this year would grow by only 2.5 percent, the lowest in the ASEAN region. According to the IMF, the economies of emerging markets would expand only by 4.9 percent, which is 0.2 percent lower than their earlier projection in…
Cabinet approves loans to MRTA for constructiion of 3 BTS lines
The Cabinet has approved a request from the Ministry of Finance to grant loans to the Mass Rapid Transit Authority of Thailand (MRTA) for the construction of three Sky Train lines. The Deputy Spokesperson for the Prime Minister’s Office, Pakdehan Himathongkam, made the announcement after Tuesday’s Cabinet meeting, saying that…
Suzuki to manufacture Celerio in Thailand
Suzuki Motor Corporation has announced that it will be manufacturing the Celerio hatchback – first launched in India on February 6 – at its Rayong plant in Thailand. The Rayong facility, which opened in March 2012, will be the second production hub for the Celerio following on from its introduction…
Amazing Thailand and Constance fight it out for a charity match at Jaipur Polo Grounds in Delhi
A pleasant Sunday afternoon saw Delhiites heading to the Jaipur Polo Grounds for a charity match between the teams representing Amazing Thailand and Constance. Commander CP Sharma from Neptune foundation played host at this event, which ended with The Amazing Thailand winning the match 7-4. Naveen Jindal, the Amazing Thailand…
The Federation of Thai Industries (FTI) expects auto production to top 2.4 million units this year
The Federation of Thai Industries (FTI) has set a target of 2.4 million vehicles to be produced this year, 2.32 percent lower than 2013’s. Spokesman of the Automotive Industry Club Surapong Paisitpatnapong said the FTI had projected that Thailand’s car production would reach 2.4 million units by the end of…
Thai Commercial Attaches from worldwide will meet in Bangkok to adjust export strategy
The Department of International Trade Promotion (DITP) will call commercial attaches from Thai embassies worldwide to a meeting in May to discuss international trade strategy in the second half of 2014. Ms. Nantawan Sakuntanark, the DITP Director General, stated that the meeting would look into measures and various export promotional…