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2012-03-21 14:10:32

New Study Reveals Wide Variance in Results from Thai Million Baht Village Fund Large-scale microfinance programs are widely used as a tool to fight poverty in developing countries, but a recent study from the Consortium on Financial Systems and Poverty suggests that they can have varying results for participants and may be the most cost-effective use of funds only in limited situations. The Thai Million Baht Village Fund is one of the largest government microfinance initiatives of its...

2008-08-05 12:00:23

By Komsan Tortermvasana, Bangkok Post, Thailand Aug. 4--The plan by TOT Plc to invest 30 billion baht to launch third-generation (3G) mobile-phone services within one year is likely to be delayed by politics and red tape, chairman Teerawut Boonyasopon admits. The state telecom enterprise wants to build an extensive network of 5,200 base stations and rent it out to other operators to use, but several hurdles stand in its way. Mr Teerawut said TOT had proposed the project to the...

2008-08-04 12:00:47

By Vichaya Pitsuwan, Bangkok Post, Thailand Aug. 2--Local industrialists have called for a groundwater surcharge reduction in order to increase the industrial sector's competitiveness. An appropriate rate for the surcharge would be four baht per cubic metre, said Santi Vilassakdanont, the chairman of the The Federation of Thai Industries (FTI). Mr Santi said that industries in high-consumption areas were currently paying 8.50 baht per cubic metre, while those in non-crisis areas...

2008-08-01 12:00:37

By Srisamorn Phoosuphanusorn, Bangkok Post, Thailand Jul. 31--Triple T GlobalNet, the international internet gateway arm of TT&T Plc, is upbeat about prospects for its new international direct dialling (IDD) business despite intense competition from internet protocol-based international calls. Siripong Poongthaisong, head of data and content business of TT&T, said Triple T GlobalNet projected IDD revenue of 60 million baht in the first six months of its operations this year...

2008-07-15 09:01:06

Bangkok gold price surges to record high amid Mideast tension, weaker dollars BANGKOK, July 14 (Xinhua) -- Gold price in Bangkok, one of the major gold market in Southeast Asia, has surged to a record high upon concerns over renewed Middle East tensions and the weakening U.S. dollar, Thai News Agency quoted an industry executive as saying Monday. Gold Trading Association president Jitti Tangsitthipakdee said the price of gold ornaments soared to a new high of 15,600 baht ( some 463 U.S....

2008-07-14 12:00:30

By Komsan Tortermvasana, Bangkok Post, Thailand Jul. 14--TOT Plc yesterday announced a plan to invest 30 billion baht in third-generation mobile-phone services to be ready for commercial launch within one year. The announcement came after TOT signed a memorandum of understanding with CAT Telecom yesterday for the rights and management of the 1900 MHz spectrum to provide 3G services. The signing ceremony was witnessed by Information and Communications Technology Minister Mun...

2008-07-02 12:00:39

By Nuntawun Polkuamdee, Bangkok Post, Thailand Jul. 1--M Pictures Entertainment, which is 41 percent owned by Major Cineplex, yesterday announced plans to acquire Media Network Retail Co in a deal valued at over 300 million baht. M Pictures, formerly Traffic Corner Holdings, would also acquire a 97 percent stake in Pacific Marketing and Entertainment Group from Major Cineplex in a separate share swap transaction valued at 395 million baht. Media Network Retail (MNR) is a leading...

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...

2008-06-27 15:02:39

By Woranuj Maneerungsee, Bangkok Post, Thailand Jun. 26--Toranong Studio, once touted as Asia's largest movie studio, was a mess. The heavy rain had just stopped and it was soaked everywhere and many of the tents were covered in mud or destroyed. Toranong Srichua, a local war and erotic film director, had just treated his guests to a Brahmin ceremony and couldn't wait to clear the mess away by himself. He had to prepare another venue for his 57th birthday party. Local officials...

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...


Word of the Day
endocarp
  • The hard inner (usually woody) layer of the pericarp of some fruits (as peaches or plums or cherries or olives) that contains the seed.
This word comes from the Greek 'endon,' in, within, plus the Greek 'kardia,' heart.
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