Business News

16-05-2012
Baht weakest in 4 months[2,290 views]

BANGKOK, 15 May 2012 - The baht has made a new record low in four months following the euro’s depreciation while domestic gold price has dipped to the lowest level in ten months.
27-04-2012
California WOW Fitness Bankrupt Sued By Bangkok Bank[2,696 views]

Bangkok Bank Plc has sued Thailand's biggest fitness operator: California WOW Xperience Plc (CAWOW).
24-04-2012
Shrimp farmers demand government action on falling shrimp prices[1,011 views]

SONGKHLA, April 23 – Small-scale shrimp farmers in the southern province of Songkhla urged the government to address the problem of low shrimp prices, and threatened to close a bridge if their demand is not met.
05-04-2012
CAT deems 3G contract with True Corp illegitimate[968 views]

BANGKOK, 4 April 2012 - CAT Telecom Plc has revealed that its 3G contract with mobile phone service provider, True Corporation, is in breach of Section 46 of the National Broadcasting and Telecommunications Commission (NBTC) Act.
31-03-2012
Leading expert predicts Thai exports will still be just fine in the near future[681 views]

BANGKOK, 31 March 2012 – An economic expert is confident that Thai exports will continue to do well in the world market while suggesting business operators to be particularly cautious in the eurozone.
09-03-2012
Thailand hopes EU accredits ‘Khao Hom Mali Thung Kula Ronghai’ rice[830 views]

BANGKOK, 8 March 2012 - The Department of Intellectual Property is hopeful the EU will register the Geographical Indication (GI) of the “Khao Hom Mali Thung Kula Ronghai” fragrant rice of Thailand.
01-03-2012
Factory, income data support growth outlook[504 views]

WASHINGTON (Reuters) - The economy grew slightly faster than initially thought in the fourth quarter and a gauge of factory activity in the Midwest hit a 10 month-high in February, pointing to underlying strength in the economy.
29-02-2012
Yahoo threatens Facebook as patent war looms[798 views]

SAN FRANCISCO - Yahoo has demanded licensing fees from Facebook for use of its technology, the companies said on Monday, potentially engulfing social media in the patent battles and lawsuits raging across much of the tech sector.
02-02-2012
Facebook, and Zuckerberg, embark on mega-IPO[631 views]

SAN FRANCISCO - Facebook unveiled what is expected to be Silicon Valley's largest ever initial public offering, but made it clear to outside investors that they will have little voice in its running, as founder and CEO Mark Zuckerberg will continue to exercise almost complete control.
02-02-2012
American Airlines aims to cut 13,000 jobs[624 views]

DALLAS — The parent of American Airlines wants to eliminate about 13,000 jobs — 15 percent of its workforce — as the nation's third-biggest airline remakes itself under bankruptcy protection.
01-02-2012
2012 Rice trade predicted to fall on weaker demand[1,407 views]

BANGKOK, Feb 1 - The international rice trade is forecast to fall by approximately 1 million tonnes, or 5 per cent, this year as improved harvest prospects in several major importing countries may reduce overall demand after achieving a worldwide record of 34.5 million tonnes (milled basis) in 2011, according to the United Nations' Food and Agriculture Organization (FAO).
29-01-2012
Thai PM convinces business leaders there will be no flood crisis[1,059 views]

DAVOS, Switzerland, Jan 28 -- Thai Prime Minister has convinced international business leaders that Thailand has prepared plans to prevent future flood crises and that the country has potential to be centre of the Association of Southeast Asian Nations (ASEAN) ready to offer investment privileges.
28-01-2012
Three in four oppose government idea of selling PTT shares[699 views]

BANGKOK, Jan 27 – An opinion poll released Friday found that a substantial majority of respondents--77 per cent, or three out of every four persons polled--oppose the government idea of selling shares of PTT Plc, the state-owned oil and gas conglomerate, which would effectively privatise the state enterprise.
28-01-2012
More workers will be unemployed after flood[1,069 views]

BANGKOK, Jan 27 -- More workers are expected to be unemployed after last year’s flood crisis reduced forward purchase orders for some factories while others shifted their production to other provinces to avoid a repetition of flood problems, according to a senior labour official.
24-01-2012
RIM’s new leader raises doubts among investors[525 views]

TORONTO/LONDON - The new leader at Research In Motion on Monday dismissed talk of drastic change at the BlackBerry maker, a declaration seized on by impatient investors who say Thorsten Heins has only 12 to 18 months to turn RIM around.
23-01-2012
37% hope Cabinet reshuffle will improve government’s working efficiency[696 views]

BANGKOK, Jan 22 – Over thirty-seven per cent of respondents hoped that the cabinet’s reshuffle would improve the government’s work efficiency, according to a survey released on Sunday.
11-01-2012
Thai shrimp production projected to grow 10-20% this year[3,136 views]

BANGKOK, Jan 11 – The Thai Shrimp Association on Wednesday announced its projection that this year’s overall Thai shrimp production will increase by 10-20 per cent, valued at some Bt120 billion.
08-01-2012
Government is confident economic growth this year will hit 7%[1,024 views]

BANGKOK, Jan 7 -- Deputy Prime Minister and Commerce Minister Kittirat Na Ranong affirmed Thailand's economy remained strong, despite the country facing a massive flood crisis late last year, and he was confident the Gross Domestic Product (GDP) could expand more than 7 per cent this year.
03-01-2012
Factory output subdued going into 2012[630 views]

LONDON/MUMBAI (Reuters) - Global manufacturing activity was subdued going into 2012, with the euro zone's industrial sector suffering its fifth straight month of declines in December and Asian factories mostly stuck in a rut.
23-11-2011
Thai export growth in October hits two-year record low[774 views]

BANGKOK, Nov 22 –Thai exports in October were valued at US$17.19 billion, only 0.3 per cent growth, the lowest reported in two years, said Deputy Commerce Minister Siriwat Kajornprasart, crediting the decline to the recent severe flood.