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Last updated on April 20, 2014 at 17:20 EDT

Latest Economy of Thailand Stories

2011-02-25 07:52:00

BANGKOK, Feb. 25, 2011 /PRNewswire/ -- On February 24, 2011, the Board of Directors of PTT Public Company Limited (PTT), PTT Aromatics and Refining Public Company Limited (PTTAR) and PTT Chemical Public Company Limited (PTTCH) approved the amalgamation between PTTAR and PTTCH. The amalgamation will be proposed to the shareholders of PTTAR and PTTCH for approval. Such amalgamation will result in the establishment of a new public limited company (MergedCo) in accordance with Public Limited...

2008-08-26 06:00:39

Text of report in English by Thai newspaper Bangkok Post website on 26 August [Report by Post Reporters: "Chirmsak sues Nok Air, says its security lax"] Former Bangkok senator Chirmsak Pinthong yesterday sued the director of Nakhon Si Thammarat provincial airport and the budget airline Nok Air for negligence over alleged lax security. The former senator's suit was the first to be filed with the newly-established Consumer Court set up under the 2008 Consumer Case Procedures Act which took...

2008-08-21 12:00:08

Paedophile pop star Gary Glitter has returned to Thailand after being refused entry to Hong Kong, the Foreign Office said today. The increasingly farcical situation leaves the disgraced singer in international limbo. He has already been barred from entering Thailand after travelling there when he was released from a Vietnamese prison. A Foreign Office spokesman said the 64-year-old, travelling under his real name Paul Gadd, was denied entry to Hong Kong and had now returned to Bangkok....

2008-07-21 12:00:54

By Boonsong Kositchotethana, Bangkok Post, Thailand Jul. 16--The founder of One-Two-Go Airlines is taking a long, hard look at the possibility of ceasing the budget carrier's flight operations in a damage-control exercise at a time of skyrocketing fuel prices and declining traffic demand. Udom Tantiprasongchai told the Bangkok Post that he was seriously pondering whether to ground One-Two-Go "temporarily" on mounting cost pressures and poor business outlook. "I'm not lying to...

2008-07-02 12:01:05

By Yuthana Praiwan, Bangkok Post, Thailand Jul. 1--The new Energy Regulatory Commission (ERC), which began work yesterday, is preparing to demand that energy business operators seek legitimate licenses by the end of this year. The regulator has authority under the new Energy Business Act to govern the power business including generation, transmission, distribution and onshore gas pipeline operators, according to the commission's chairman, Direk Lavansiri. The Act required power...

2008-07-01 12:00:28

By Nareerat Wiriyapong, Bangkok Post, Thailand Jun. 30--Bangkok Weaving Mills Ltd expects to achieve total revenue of about two billion baht this year by cutting energy costs and squeezing benefits from brand creation. The group, which operates five factories for an integrated textile business, has created four brands including Piumino mattresses over the past four years. The brand is now exported to markets such as India, said managing director Phongsak Assakul. The factories...

2008-06-24 02:29:59

By Boonsong Kositchotethana, Bangkok Post, Thailand Jun. 20--Far-reaching implications of any drastic decision are holding back leaders of Nok Airlines from determining the fate of the budget carrier, which has been hit hard by high fuel prices and falling traffic. Top management executives representing the airline and major shareholder Thai Airways International (THAI) are due to meet again early next week to make a final decision, following up on earlier talks held on June 10....

2008-06-20 12:00:34

By Vichaya Pitsuwan, Bangkok Post, Thailand Jun. 19--Union Petrochemical Plc (UKEM) expects its revenue to rise by 10 percent in 2008, driven by the continuing rise in petrochemical product prices in line with surging oil prices and continuing demand. The company has revised up its revenue projection to 2.7 billion baht from an earlier target of 2.5 billion, according to deputy managing director Perajed Suwannapasr. The MAI-listed commodity solvents trader said its second-quarter...

2008-06-20 12:00:33

By Nareerat Wiriyapong, Bangkok Post, Thailand Jun. 19--Siam Cement Group (SCG), Thailand's biggest industrial conglomerate, is aggressively expanding its trading business overseas to tap into growing opportunity in new markets, mainly in Eastern Europe and Africa. Wholly owned subsidiaries would be opened on four continents toward the end of this year, said Kalin Sarasin, managing director of Siam Cement Trading Co Ltd (SCT), which handles import-export and offshore trading for SCG...

2008-06-17 15:00:44

By Chadamas Chinmaneevong, Bangkok Post, Thailand Jun. 14--Rich Asia Steel projects its revenues will jump to over 10 billion baht this year, more than double last year's total, thanks to continued demand for steel in the regional market. CEO Angkakarn Tantiviroon said regional demand for steel would continue to be strong as Chinese exports had fallen due to higher domestic demand following last month's earthquake in Sichuan. India had also cut back steel exports to support...