Governors urged to quicken spending
Caretaker Deputy Prime Minister Somkid Jatusripitak has urged provincial governors to accelerate budget disbursement to boost the rural economy, adding that economic growth in the first quarter will top 5 per cent in spite of the ongoing oil crisis and political uncertainty.
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Street WISE
Spongy ETs a lost tourism lure
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Thai Bev to use S'pore IPO as sales launch pad
Thai Beverages Plc, a local brewer and distiller, plans to pour up a major sales push in Southeast Asia after listing on Singapore's stock exchange, scheduled for May 30.
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SWISS TOURISM
Switzerland cashes in on all-round appeal
Twelve times smaller than Thailand, Switzerland, with a population of only seven million, attracted 18 million tourists last year, which was far more than the 12 million the Kingdom welcomed in the same period.
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PTT sets example with ferry's conversion to gas
PTT Plc yesterday struck a deal to convert a ferry in Trat to run on natural gas, in the latest move to promote the use of the fuel to help reduce the country's oil import bills.
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Local boost for Rayong Refinery IPO
Applications from local investors for Rayong Refinery's (RRC) initial public offering totalled 600.2 million shares, making it 1.25 times oversubscribed, according to preliminary data.
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First jasmine rice auction deemed satisfactory
About 15-18 rice traders appear set to win the country's first-ever jasmine rice bidding at an average price of Bt15,000-Bt16,000 per tonne, Commerce permanent secretary Karun Kittisataporn said yesterday.
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China keen to lease MCOT radio time for tourists
China's State Administration of Radio, Film and Television (Sarft) is interested in leasing one of MCOT Plc's 62 radio stations and renting air time from 10pm-11pm for Chinese programmes.
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Saudi health scheme inked
Bangkok Hospital and Phya Thai Hospital yesterday joined forces with the Al Batterjee group, a well-known health and medical-care provider in Saudi Arabia, for referrals of its patients to Thailand.
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Alternative energy
Thirty-nine alternative energy projects worth Bt9.37 billion have been granted Board of Investment incentives over the past 12 months.
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NTC gives nod for consumer-protection institute
The board of the National Telecommunications Commission (NTC) yesterday approved a plan to establish the telecom consumer-protection institute.
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SUGAR INDUSTRY
Win-win agreement for firms
All-round gains seen in Thai-Aust pact
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LATE NEWS
Trade balance Bt15.2 bn in red
Thailand's trade balance was back in the red last month to the tune of a record US$400 million (Bt15.2 billion), a senior official at the Commerce Ministry said yesterday.
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Hotel investment still 'healthy'
Hotel-investment services firm Jones Lang LaSalle Hotels reports that Thailand, in particular Phuket, Hua Hin and Bangkok, continues to be one of Asia's most active hotel-investment markets in 2006, lifted by strong inbound arrivals and national tourism promotions.
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Kbank sees no need to raise savings rate
There is nothing so far indicating a need to raise the interest rate on savings accounts this year, even though some savings have shifted to time deposits recently, Prasarn Trairatvorakul, president of Kasikornbank, said yesterday.
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Thai Bev float in Singapore to bring family Bt20 bn
The Sirivadhanabhakdi family will obtain up to Bt20 billion from the sale of its shares in Thai Beverage Plc through a public float, the biggest fund-raising effort in Singapore in a decade.
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FREIGHT
Shippers to increase rates soon
Exporters bewail move as liable to drive customers into others' arms
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