New Minister Confident in Bt500-billion Investment Target

The new industry minister said he will move quickly to restore foreign investor confidence and resolve the Map Ta Phut dispute. He is also optimistic that up to 500 billion baht will be invested in Thailand by the end of this year as previously projected by the Board of Investment. Newly-appointed Industry Minister Chaiwut Bannawat said that one of the most urgent tasks is to revive confidence among foreign investors.

Thailand’s biggest challenge is ASEAN economic integration

In terms of regional economic integration, ASEAN is a significant market of 580 million consumers, which will benefit from the remarkable economic momentum and progress of China and India. The target for ASEANs economic integration is 2015. Thailand Business News

Bankers urge gradual liberalisation to meet Thailand-European FTA

Bankers have called for the government to gradually liberalise the financial sector in order to ensure their competitiveness under the planned Thailand-European Union Free Trade Agreement (FTA). Thailand Business News

Benchmark Rate Kept Unchanged at 1.25%

The monetary policy panel resolves to maintain the one-day repurchase rate at 1.25 percent, reasoning the internal political crisis and Europe's financial crisis fallout are still major risks to the economic growth. Bank Of Thailand Assistant Governor in charge of monetary policy Paiboon Kittisrisangwan said the resolution was from concerns over internal political uncertainty and financial crisis in Europe although the global economy continues to grow as a result of economic growth in the United States, Japan and Asia.

Thailand’s smartphone market skyrockets with BlackBerry sales

TrueMove has reported 200% growth in its sales of BlackBerry smartphones during the past four months. The record performance is three times its gross sales of BlackBerry last year, the strongest growth posted since the ... Thailand Business News

Finance Min Confirms Enough Budget for All Sectors Affected by Protests

The finance minister assured that the treasury reserve is healthy enough to alleviate those affected by the recent violence and riots. Meanwhile, the first day of Silom Walking Street event has drawn strong public interest. Finance Minister Korn Chatikavanij said that the treasury currently has enough sufficient funds to assist people who have been affected by the recent riots.

Thailand’s Prime Minister calls for reconciliation

The Prime Minister said that the authorities had been able to put the situation under control and returned the area concerned to the BMA. A large amount of weapons were found, including M79 grenades, incendiary bombs and different types of bullets, as well as vehicles rigged as car bombs. Thailand Business News

Thailand’s GDP growth hits 15-year high at 12% in Q1

The Thai economy hit a 15-year high at 12 per cent growth in the first quarter of this year but the recent political violence could pull growth down by 1.5 per cent, National Economics and Social Development Board (NESDB) secretary-general Ampong Kitti-ampon said on Monday. Thailand Business News