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Investors warned to keep watch on Euro debt crisis

Major banks and the Stock Exchange of Thailand (SET) have warned that investors should keep a close watch on efforts to resolve the European Union’s escalating sovereign-debt problems, as the crisis could affect the Thai economy, including the capital market. Meanwhile, lower September inflation figures released yesterday could leave more room for the Bank of […]

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AIS to double 3G network capacity

* Advanced Info Service Plc, the country’s biggest mobile operator, has underlined its mission to maintain its leadership in wireless services, with plans to double its 3G network capacity to 3,500 sites next year. Chief executive officer Wichian Mektrakarn said the company plans to double its 3G network capacity to accommodate up to 6 million […]

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Bangkok Bank challenges BOT move to adjust inflation target

Bangkok Bank, the country’s largest commercial bank by asset size, has taken issue with the central bank and the Finance Ministry over the move. Bank of Thailand Governor Prasarn Trairatvorakul said the new inflation target would be ready for submission to the Finance Ministry in early October. He declined to reveal further details, but insisted […]

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Stagflation looms next year: economist

Thailand, like other Asian countries, is likely to face stagflation next year, with lower economic growth against high inflation, in light of “debt monetisation” of advanced economies and growing demand in China, according to an economist.  Kobsidthi Silpachai, head of market and economic research at Kasikornbank, said Thailand could witness slower growth in gross domestic […]

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Jakarta to buy elsewhere

Indonesia will seek to buy rice from other countries if Thailand does not honour an earlier agreement to sell the grain, Trade Minister Mari Pangestu said yesterday. The Indonesian ambassador to Thailand and an official from state grain procurement agency Bulog were to discuss the reported cancellation of a proposed government sale of rice to […]

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Thai stocks rebound after plunge

The Stock Exchange of Thailand ended its dramatic three-day tumble with a gain of 4.71 per cent yesterday, on hopes that euro-zone nations are planning steps to rescue debt-riddled nations. However, stock analysts expect more foreign sell-offs after the “technical rebound”, on uncertainty over any measure being capable of permanently ending the euro-zone debt woes. […]

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Car, home schemes may expand

The government is considering expanding the coverage of both first-home and first-car buyers tax programmes. The cabinet is likely to waive the registration and transfer fees for homebuyers while authorising the Government Housing Bank to offer 10 billion baht worth of mortgages with a zero interest rate for 2-3 years for buyers of units priced […]

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Palm oil industry wants price standards

Palm oil refiners have urged the government to set price standards to secure the industry and avoid future shortage. Asanee Mallamphut, president of the Palm Oil Refinery Association, said domestic prices should be in line with global ones, similar to the way gasoline sales operate, by considering costs at every step of production from the […]

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Kohler plans Thai production base

Kohler, the US-based manufacturer of sanitary ware and plumbing products, has been promoting Thailand as its base for manufacturing and product development in the region to cash in on the coming Asean Economic Community, which will be fully effective in 2015. Kamol Lertsattha, managing director of Kohler (Thailand), said that Thailand will take on a […]

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