Archive | March, 2010

General Motors (Thailand) to build three new diesel engines plants

General Motors (Thailand) says it is willing to supply other auto-makers with diesel engines it plans to manufacture in three new plants, with production expected to start next year.

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True Online to invest 2 billion baht in faster broadband connection

True Online, the broadband Internet service provider of True Corp, will raise the bar for broadband connection speed for consumers to between 30 megabits per second and 100Mbps this year.

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Property developer Tanayong acquires BTS for 40 billion baht

The SET-listed property developer Tanayong Plc will pay 40 billion baht to raise its shareholding in Bangkok Mass Transit System BTSC, the operator of the capitals elevated train system, to 94.6% from 0.38% at present.Under … Thailand Business News

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Lingering political crisis shows deep class divide in Thailand

Thailand has already endured four years of turmoil. The death toll has been low so far, but the rage unleashed last April, when red shirts fought the army in Bangkok, was a glimpse of how deep passions run. Splits within the army itself are starting to appear. Even if fears of all-out civil war seem [...]

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Rally deters home-buyers in Bangkok

The number of prospective home-buyers visiting residential projects in Bangkok fell by 20 per cent last week because of the red-shirt rally, a survey by The Nation has found. Business Housing Association president Issara Boonyong said … Thailand Business News

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Thanachart Bank's buyout of Siam City Bank could trigger competition

TBank, 49% owned by Canada’s Bank of Nova Scotia, this month purchased a 47.58% stake in SCIB from the Financial Institutions Development Fund for about 32 billion baht. TBank plans to tender for all outstanding shares of SCIB and to consolidate the assets under the Thanachart brand.

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Sukha Samui Resort Launching in Hong Kong

Sukha Samui Resort + Spa Answers Demand for Affordable Luxury in Koh Samui Launching in Hong Kong at Solas, March 23rd Sukha Samui Resort + Spa is set to provide an affordable option to luxury … Thailand Business News

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Thailand worried about India-EU free trade agreement

As informal talks have started between India and Europe on the free trade agreement (FTA) in New Delhi since Monday, apprehensions over provisions that could impact early access to generic medicines are being voiced in Thailand. Thailand Business News

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