BUSINESS

Honda may spend $650 million to restore Thai plant: report

Tue, 17 Jan 2012 10:17:00 -0500

Honda Motor Co (7267.T) will completely overhaul its flood-hit factory in Thailand in a project that could cost more than 50 billion yen ($650 million), the Nikkei business daily reported on Sunday.

Chevron Orders Three New Rigs From Transocean for Thai Drilling

Tue, 17 Jan 2012 10:16:00 -0500

Chevron Corp., the second-largest U.S. energy company by market value, ordered three new shallow- water drilling rigs from Transocean Ltd. that will be used in Thailand exploration projects starting in 2013.

Thailand's tourist arrivals rise 21 per cent

Tue, 17 Jan 2012 10:12:00 -0500

Thailand's tourist arrivals in the first 11 months of 2011 rose 21.2 per cent year-on-year despite the negative impact of widespread flooding in October and November, government sources said Monday.

Thai court won't halt increase in gas prices

Tue, 17 Jan 2012 09:47:00 -0500

The Central Administrative Court has turned down a request for it to issue an injunction against the government's decision to raise transport sector gas prices.

Protection for financial consumers

Sat, 14 Jan 2012 12:54:00 -0500

The Bank of Thailand yesterday introduced the Financial Consumer Protection Centre (FCC), aiming to manage complaints and deepen knowledge in increasing complicated financial services to financial service users.

Standard & Poor's Cuts Credit Ratings for Nine Euro Zone Nations

Sat, 14 Jan 2012 12:42:00 -0500

Standard & Poor's downgraded the credit ratings of nine euro zone countries, stripping France and Austria of their coveted triple-A status but not EU paymaster Germany, in a Black Friday 13th for the troubled single currency area.

Bank of America told Fed it could sell branches in emergency: source

Sat, 14 Jan 2012 12:38:00 -0500

Bank of America Corp (BAC.N) told Federal Reserve officials in June that it could shed branches in some parts of the country if it needed to raise capital in an emergency, a person familiar with the matter said.

Thailand sees record number of visitors in 2011

Sat, 14 Jan 2012 10:11:00 -0500

Officials say record numbers of foreign visitors flocked to Thailand in 2011 despite the country's worst flooding in half a century.

Bank of Thailand launching new banknote series next week

Sat, 14 Jan 2012 09:34:00 -0500

The Bank of Thailand (BoT) will issue a new series of banknotes, its 16th series, next week after the current series has circulated in the market for more than 14 years, according to BoT Governor Prasarn Trairatvorakul.

Hong Kong retains top spot of world's freest economy

Fri, 13 Jan 2012 12:15:00 -0500

Hong Kong has retained its position as the world's freest economy, according to a ranking compiled by the Heritage Foundation, a conservative think tank. Singapore ranked second, followed by Australia, New Zealand and Switzerland.

U.S. Debt Nears $15.194 Trillion Ceiling

Fri, 13 Jan 2012 12:13:00 -0500

The Treasury Department has begun maneuvers to avoid hitting the debt ceiling, as the Obama administration waits for Congress to return from the holiday break before it can raise the federal borrowing limit.

Delta eyes American Airlines bid

Fri, 13 Jan 2012 12:12:00 -0500

Delta Air Lines is eyeing a bid for bankrupt rival American Airlines, a source close to the matter said on Thursday, despite doubts that the proposed mega-carrier would win regulatory approval.

US seeking to 'close down' Iran central bank

Fri, 13 Jan 2012 12:12:00 -0500

The latest round of American sanctions are aimed at shutting down Iran's central bank, a senior US official said Thursday, spelling out that intention directly for the first time.

Thai bourse expects IPOs to raise $3.8 bln in 2012

Fri, 13 Jan 2012 09:55:00 -0500

The Stock Exchange of Thailand (SET) expects initial public offerings on the bourse to raise around 120 billion baht ($3.8 billion) in 2012, almost twice the sum raised in 2011.

Thailand Dec Consumer Confidence Up First Time In 4 Months

Fri, 13 Jan 2012 09:53:00 -0500

Consumer confidence in Thailand rose in December, after four straight months of declines, due mainly to spending on flood rehabilitation.

Japan, Thailand to jointly aid flooded businesses

Fri, 13 Jan 2012 09:48:00 -0500

Thailand and its biggest foreign investor, Japan, agreed Wednesday to jointly help businesses of both countries damaged by major flooding in the Southeast Asian nation last year.

Tourism Authority of Thailand sees Chinese New Year bringing Bt10 billion into circulation

Thu, 12 Jan 2012 11:11:00 -0500

The Tourism Authority of Thailand (TAT) expects the Chinese New Year festival Jan 22-30 to bring in over Bt10 billion in circulation from domestic and foreign travellers of Chinese origin.

Thailand aims to become one of the world's 10 largest trading nations by 2020

Thu, 12 Jan 2012 11:09:00 -0500

New international trade strategies are being planned in an attempt to make Thailand one of the world's 10 largest trading nations by 2020.

Italian-Thai to 'Renegotiate' After Myanmar Scraps Coal Plant

Thu, 12 Jan 2012 09:32:00 -0500

Italian-Thai Development Pcl, Thailand’s biggest construction company, may change the fuel supply for a power plant in a planned $8.6 billion industrial zone in Myanmar after the government scrapped plans to use coal.

Rolls-Royce eyes Thailand, Vietnam

Thu, 12 Jan 2012 09:27:00 -0500

Ultra-luxury carmaker Rolls-Royce is looking to expand into Thailand and Vietnam, a top executive said Wednesday, after it posted record sales in 2011 with Asia its fastest-growing market.