Business News

14-10-2010
Mövenpick Hotels & Resorts Stamp Expansion Plans for Thailand[2,087 views]

Switzerland-based Mövenpick Hotels & Resorts is currently in the planning and developments stages on four projects slated for completion by 2014 in Thailand, significantly increasing their investments in the rapidly expanding Asian tourism industry.
13-10-2010
Thai Cabinet Approves Measure on Easing Baht Appreciation[3,020 views]

Thailand’s Cabinet on Tuesday approved Ministry of Finance proposals to ease the appreciation of the Thai baht, including the reinstatement of a 15% withholding tax on capital gains for foreign investors in the local bond market, according to Finance Minister Korn Chatikavanij.
08-10-2010
Thaksin’s Ex-wife Receives Bt823 Million after FIDF Decision[2,437 views]

Thailand’s Financial Institution Development Fund’s (FIDF) decision not to appeal a ruling made by the Civil Court last month means Khunying Pojaman na Pombejra, Thaksin Shinawatra’s ex-wife, will now receive Bt823 million from the sale of Bangkok real estate back to the fund.
08-10-2010
Toyota Plan Entrance into Low-Cost Car Market in Thailand[3,406 views]

Toyota Motor Group announced plans to market a low-cost “21st century Corolla” in Thailand amid already confirmed ambitions to market the concept in China, India and Brazil.
05-10-2010
Crowne Plaza Comes to Bangkok with Rebranding Project[1,460 views]

InterContinental Hotels Group (IHG) today announced that a Crowne Plaza hotel will replace the Pan Pacific Bangkok, marking the entry of the brand to the capital of Thailand.
30-09-2010
Krispy Kreme Doughnuts Opens First Thai Store in Bangkok[10,333 views]

Krispy Kreme Doughnut Inc has announced the opening of its first franchised-owned store in Thailand, with predictions of further expansion in the nation, reaching 20 stores by 2015. The flagship store is located at the upmarket Siam Paragon Shopping Center in the heart of Bangkok's business district.
24-09-2010
Thai Premier Plans 3G Address to US-ASEAN Business Council[1,253 views]

Thai Prime Minister Abhisit Vejjajiva on Thursday announced his intention to explain Thai investment, the delayed 3G proposal and Map Ta Phut industrial projects to a congregation of United States Business representatives at the US-ASEAN Business Council.
22-09-2010
BoI Moves to Restore Investor Confidence in Thailand[1,192 views]

Thailand Board of Investment (BoI) has made a quick move to restore foreign investors’ confidence in Thailand and further promote foreign investment through both short and long-term measures, according to analysts.
21-09-2010
Protesters Gather at 2nd Meeting of Pattaya Monorail Proposal[1,904 views]

A gathering of local residents and business owners formed to voice their opposition of the proposed Pattaya monorail network marred the second feasibility meeting of administrators at the Royal Cliff Resort on Tuesday.
17-09-2010
Bangkok’s Central World Plans Reopening by Months End[4,580 views]

Thailand’s Central Pattana Plc (CPN) has announced plans to reopen the partially destroyed Central World Shopping Center in Bangkok by months end, according to CPN president and Chief Executive Officer Kobchai Chirathivat.
13-09-2010
FTI Urge BoT to Intervene on Currency Appreciation[1,345 views]

Thailand’s private sector, represented by the Federation of Thai Industries (FTI), urged the Bank of Thailand (BoT) on Friday to respond against the continuing appreciation of the baht, citing reports on its effect on the nations export industry.
10-09-2010
Rising Baht set to Reach Strongest Level in 13-years[2,722 views]

The continuing rise of the Thai baht on the back of record growth and foreign capital inflows is rapidly pushing the Asian currency to its highest point in over 13-years, according to Central Bank analysts.
02-09-2010
Thai Rich-Poor Divide Increases According to Forbes[2,620 views]

Despite one of the most turbulent political times in Thailand’s recent history, the combined wealth of the nations 40 richest people reportedly increased by 46% according to a study by Forbes magazine.
02-09-2010
Ministers & Policy Makers Meet over Thai Baht Appreciation[2,238 views]

A current two-year high in the Thai baht, which yesterday traded at 31.1 to the U.S. greenback, has forced financial policy makers into a meeting regarding fiscal measures and reports speculating various negative impacts for Thai exporters Wednesday.
29-08-2010
Thailand’s Ford/Mazda Alliance Increase Investment[2,556 views]

The Ford Motor Company and Mazda Motor Corporation recently announced an increase of their Thai investment, under the AutoAlliance Thailand (AAT) group, via a joint capital input of over Bt10 billion. The injection will be put forth in order to develop the AAT plant in Rayong to stimulate production and export of new vehicles by 2012.
23-08-2010
Bangkok’s Airport Rail Link Officially Opened by Transport Minister[1,615 views]

Thai Transport Minister Sophon Zarum on Monday morning presided over the official opening of Bangkok’s much-anticipated Airport Rail Link project, providing a direct link from several regions of the capital to the Suvarnabhumi International Airport.
22-08-2010
Six Nation Rail Link Approved by Greater Mekong Sub Region[2,187 views]

All six of the Greater Mekong Sub-region committee countries have approved plans to establish a transnational rail link to improve transportation networks between neighbouring nations on Saturday.
20-08-2010
Thai Energy Giant Considers Carrefour Acquisition[1,559 views]

Thailand’s largest energy company, PTT plc, announced its plans to bid for French retailer Carrefour’s Thai assets recently. Aimed at further diversifying their operation into the international market, PTT are thought to be considering a US$600 million offer for the superstore chain.
19-08-2010
Pattaya Business & Tourism Association Discuss Tax Relief[1,328 views]

Tax relief and proactive tourism promotion schemes were the main topics on the agenda at the recent Pattaya Business & Tourism Association (PBTA) meeting on Wednesday.
14-08-2010
THAI Announces Bt20 billion in Fleet Upgrade Loans[1,613 views]

Thai Airways International Plc’s (THAI) board recently approved expansion plans for the national carrier and the resultant proposal to borrow up to Bt20 billion from 4 Thai banks, revealed President Piyasvasti Amranand.