BUSINESS

Huge Lao hydropower plant begins commercial export of electricity to Thailand

Thu, 18 Mar 2010 05:32:00 -0400

The largest infrastructure project in Laos, the Nam Theun 2 hydropower facility, has started commercial export of electricity to Thailand, the hydro project's operators said Wednesday.

GS and its southern dealers offer car check-up services and “D-Tech” batteries to local vocational colleges

Thu, 18 Mar 2010 04:44:00 -0400

Bangkok – Mr. Pongnarin Wanitchakornpong (middle, right), General Manager of Provincial Sales Department of GS Sales Co., Ltd. with a group of “GS Battery” dealers in the South of Thailand jointly organized the “GS Free Inspection” activity that provides car, battery and electric system check-up services in order to assure the confidence of drivers who travel in the southern provinces.

Thai Airways to raise money for new aircrafts

Tue, 16 Mar 2010 05:37:00 -0400

Thai Airways' board has approved the raising of one billion new shares in Thailand's national carrier in a public offering.

NYC taxi drivers rip off passengers by $8.3 million

Sun, 14 Mar 2010 12:49:00 -0400

New York City taxi drivers have been caught out overcharging passengers by $8.3 million in the past two years. The drivers were found to have been setting their meters at double rate and at least 1.8 million rides were wrongly charged.

Thai condom makers focus on fun, rather than promoting sexuality

Sun, 14 Mar 2010 07:29:00 -0400

An article in Global Post describes the difficulties of marketing condoms in Thailand and Indonesia due to the legal restrictions on promoting sex products. In order to boost sales in the Asian countries, condom makers target to market the fun aspects of sex.

UK to launch 250 MPH high speed train service

Sat, 13 Mar 2010 11:07:00 -0500

The British government announced on Thursday that it was planning to build a $45 billion high speed rail corridor between the cities of London and Birmingham, and eventually to link to the northern cities of Manchester and Leeds. The train's 250 mph speed could reduce the time to travel the distance between London and Birmingham from 84 minutes to 49 minutes, project developers claim.

Former HSBC employee accused of stealing data on 24,000 Swiss bank accounts

Fri, 12 Mar 2010 13:18:00 -0500

A former IT employee has stolen information on 24,000 HSBC customers with Swiss bank accounts, the British bank said Thursday.

Thanachart Bank to buy Siam City Bank stake

Fri, 12 Mar 2010 03:47:00 -0500

Thanachart Bank will purchase a 47.58% stake in Siam City Bank PCL from the Bank of Thailand's rescue arm in a deal valued at 68 billion baht ($2.08 billion).

Mexican telecom tycoon named world's richest man

Thu, 11 Mar 2010 09:51:00 -0500

Mexican telecom tycoon Carlos Slim Helu, named the world's richest man, according to a new ranking published by Forbes magazine on Wednesday.

Bank of Thailand maintains interest rates at 1.25%

Thu, 11 Mar 2010 05:00:00 -0500

Thailand's central bank on Wednesday decided to maintain its policy interest rate and signaled it would consider adjusting it to normal levels during the next meeting on April 21, if no incident affects the economy.

Thailand hopes to cooperate with WTO in generic drugs production

Tue, 09 Mar 2010 04:21:00 -0500

A senior Thai trade representative expressed the Thai government's willingness to cooperate with the World Trade Organization (WTO) in the production of low-cost generic drugs and urged US engagement in negotiations.

Icelanders reject plans to repay debt of €3.9 billion to Britain and Netherlands

Mon, 08 Mar 2010 06:43:00 -0500

In a national referendum on Saturday, Icelanders rejected a plan to repay the U.K. and the Netherlands €3.9 billion ($5.3 billion) lost in the collapse of Icesave bank in 2008.

Kingsoft Joins Forces with Asiasoft, Largest Online Game Operator in Thailand

Mon, 08 Mar 2010 02:46:00 -0500

Kingsoft Corporation Limited, a leading developer, distributor and service provider of application and entertainment software in China, has signed a cooperation agreement with Asiasoft, the largest online game operator in Thailand, to launch the Thai version of its anti-virus software product Kingsoft Internet Security (Thai Edition) in Thailand.

Foreign investments to fall 30 per cent in Thailand

Sat, 06 Mar 2010 05:27:00 -0500

Foreign companies are less enthusiastic to invest in Thailand and look set to reduce investments from last year, suggesting the political crisis may be taking a toll.

850,000 migrant workers register in Thailand

Sat, 06 Mar 2010 04:57:00 -0500

Around 850,000 migrant workers in Thailand have started their registration and nationality verification process, an official from the Ministry of Labour, Supat Gukun, said.

German MPs: Greece should sell islands to avoid bankruptcy

Fri, 05 Mar 2010 06:12:00 -0500

Two German congressmen suggested on Thursday that Greece should raise money from selling some of its uninhabited islands in order to avoid bankruptcy.

Indian filmmakers flock to Thailand

Fri, 05 Mar 2010 02:44:00 -0500

With nearly a century-old film industry, India has become the largest movie producing nation in the world. The country boasts fascinating diversity of geography and landscapes which attracts filmmakers. In spite of this, more and more movie productions move to Thailand due to its better production services industry, infrastructure and professional crew.

Economists Warn New Crisis Looming Over U.S.

Wed, 03 Mar 2010 12:47:00 -0500

Another financial crisis, even worse than the current one, is threatening the United States, according to a new report from a group of leading economists, financiers, and former federal regulators.