The finance minister assures the selection process for the new governor of the Bank of Thailand will be made in transparent manner. Meanwhile, the ministry is set to start the second phase of the nonbanking debt refinancing program in the next few months. Finance Minister Korn Chatikavanij said the selection of the new BOT governor is being done with transparency and will not be influenced by any lobbying by political parties.
GM plans to extend its production of midsize pickups Chevrolet Colorado and compact cars Chevrolet Aveo in Rayong province with at least 80,000 units this year from 39,800 units produced last year.GM has just got an approval for a loan of 1.35 trillion THB from Tisco and Thai Commercial banks for the credit term of seven years. Thailand Business News
China's central bank said on Saturday it will promote further reform of its exchange rate mechanism, but maintained there is no basis for "large swings" in the currency. Thailand Business News
The new president of the Stock Exchange of Thailand is pondering opening up the central trading system to foreign investors. Opening the trade system to foreign investors would be a way of boosting liquidity, particularly for the top 30 per cent of listed companies, which could be promoted to be on a par with their regional peers. Thailand Business News
This probably Thailand’s latest move to get rid of Thaksin heritage : trying to get back hold on Thaicom, the satellite company once own by Thaksin’s Shin Corp and sold to Temasek Singapore sovereign fund. ... Thailand Business News
Today's Cabinet meeting agrees to introduce a relief package, including tax incentives and soft loans, for tourism businesses and others hit hard by the recent political unrest. Deputy Finance Minister Pradit Patharaprasit revealed the Cabinet's resolution allows individuals to seek tax deduction of up to 15,000 baht with spending via tour companies. The incentive will take effect tomorrow.
Ratchaprasong business operators have urged the government to swiftly take action against those responsible for the riots last month so that confidence and morale can be restored to the country. Ratchaprasong Square Trade Association, or RSTA, President Chai Srivikorn proposed that the government quickly restore confidence in Thailand by showing more dedication to improving public safety and living conditions.