General News

Lifting of the Reserve Requirement on Short-term Capital Inflows

Mrs. Tarisa Watanagase, Governor of the Bank of Thailand, announced the lifting of the unremunerated reserve requirement on short-term capital inflows, effective 3 March 2008. The details are summarized as follows: The Bank of Thailand (BOT) has

Export prospects still positive

Thai overseas commercial ministers are mostly upbeat about export prospects in all markets including the United States, which is expected to recover this year after a 1.2% drop in 2007. Kessiri Siripakorn, minister for the office of commercial affairs for

'Investment Year' campaign imminent

The Industry Ministry is preparing to stage a ''Thailand Investment Year'' campaign to attract at least one trillion baht in investment in two years. Minister Suvit Khunkitti said yesterday that the monetary target represented commitments from both domestic and 

Confidence inches up for a third month

Consumer confidence rose for a third straight month in January as people felt more positive about their future following the formation of an elected government. The confidence index in January was 78.1, a rise from 77.3 in December. The confidence

Business News

Großinvestitionen sollen Bio-One zur Nr.1 machen

Greiner Bio-One steckt 2008/09 61 Millionen Euro in die Expansion. Ziel der Firma ist es, Weltspitze bei Blutentnahmesystemen zu werden. Auch ein neues Werk wird errichtet. Die auf Produktion von Blutentnahmesystemen (BAS) spezialisierte Greiner

Large investments should make Bio-One to become No. 1

Greiner Bio-One GmbH will invest 61 million Euro in expansion projects. The company’s target is to become the world’s top manufacturer of blood collection systems.

Bio-One, specialized in blood collection systems (BAS), plans for record investments in

Japan's SUS to invest B2bn

SUS Corp, Japan's top factory automation equipment supplier, plans to invest two billion baht within 10 years to build seven more factories in Thailand as its sole manufacturing base outside Japan. President Yasuo Ishida said SUS has prepared 164 rai (262,400

Telecom industry investment up

Telecom and Internet licensees invested a combined Bt46 billion in the sector from 2005-07, reports the national telecom regulator. The National Telecommunications Commission (NTC) said telecom and Internet service providers (ISPs) invested

Hitachi close to B100bn in exports

Hitachi Global Storage Technologies, one of Thailand's top three makers and exporters of hard disk drives (HDD), expects exports to reach 100 billion baht this year after it completes a major capacity expansion. Since 2004, the company has spent $200 million

Glow Energy set to invest $450m to lift power capacity

Glow Energy, a SET-listed power producer majority owned by the French utility Suez, plans to spend up to US$450 million to increase cogeneration capacity by 380 megawatts in 2011 to tap demand growth in the petrochemical sector. The company is

Ticon expanding

Ticon Industrial Connection Plc plans this year to spend one billion baht to expand its logistics business at three industrial estates. Subsidiary Ticon Logistics Park (TPark) will develop additional logistics areas at TPark Bang Na, TPark Wang Noi in Ayutthaya,

Four steel giants seek BoI breaks

Four world-class steelmakers - ArcelorMittal, Japan's Nippon Steel and JFE Steel and China's Baosteel - have expressed interest in tapping the Board of Investment's tax incentives for their upstream blast furnaces. According to BoI secretary-general Satit

Siemens eyeing more deals with PTT

Germany-based Siemens AG is stepping up its partnership with Thailand's top energy company PTT Plc as part of its global strategy to double Siemens' oil-and-gas business in the next three to four years. Kairen Lake, head of Siemens' oil-and-gas business for

Automotive

FTI predicts 11.7% growth

Honda believes 12% expansion achievable

GM, Chevy help build skills

Aapico to set up JV with Chinese group