The Nation
King Power secures 39percent stake in Asia Aviation in Bt7.9-billion deal
Duty-Free Operator King Power Group has taken a 39-per-cent controlling stake in Asia Aviation, the operator of Thailand’s largest budget airline Thai AirAsia, from the carrier’s chief executive Tassapon Bijleveld and two of his family members in a deal worth more than Bt7.9 billion. If King ...
THAI orders 12 Airbus A350s
Thai Airways International Plc has ordered 12 new Airbus A350 XWB aircraft, eight of them on lease. The first aircraft is scheduled to arrive in August and is expected to replace an old plane on the Bangkok-Melbourne route. The Airbus A350 XWB is a mid-size long-range commercial ...
Trade and investment between Thailand and CLMV tipped to rise
Thailand’s Ministry of Commerce sees further potential for trade and investment between Thailand and CLMV (Cambodia, Laos, Myanmar, Vietnam) countries. The remark came after it was revealed that trade between Thailand and CLMV from January was Bt353.31 billion, up 1.74 per cent on the same period ...
Foremost producer to make Thailand Asean export hub
Netherlands-based Royal FrieslandCampina, the producer of Foremost dairy products, plans to make Thailand its Asean export hub. The company expects income from Asia to be contributing half of its total revenue globally within five years, chief executive officer Roelof Joosten said on 7 June. He said Thailand ...
Nod to new govt PR station likely
The broadcasting regulator is likely to look favourably on the government’s request for a digital-TV licence to launch a station to promote its Pracha Rath grass-roots-economy policy. “The broadcasting committee has not yet concluded this matter but we intend to support essential national policies,” Pakdee Manaves, ...
Mekong dam projects ‘could destroy livelihoods, ecology’
The ecology of the Mekong River could be destroyed within 10 years if dam projects along the river are allowed to continue, Thai and Cambodian non-government organisations have warned. They have also warned that it will be very difficult for people to claim compensation for ...
PTTEP to bid for Bongkot gas field
PTT Exploration and Production said on 1 June that it would cooperate with its partners to bid for the Bongkot gas field that it is currently operates, but indicated that it might not contest for the other major gas block currently run by US oil giant ...
Private sector urged to take advantage of investment tax incentive in second half
The Thai Finance Ministry on 1 June urged the private sector to begin making serious investments in the second half before the double tax deduction for expenses is discontinued by year-end. The ministry has amended the conditions for the double deduction, allowing projects that might not ...
Bid plan for gas contracts
The government will attempt to boost transparency in the energy sector by holding an auction for the two major petroleum concessions in the Gulf of Thailand ahead of their expiration dates, instead of granting existing operators the right to extend the concessions without new bidders. The ...
Business operators lack faith in local economy
Investors have expressed a lack of confidence in Thailand’s economy because of a decline in exports, the drought-induced expected slowdown in domestic consumption, and the sluggish global economy. Somkiat Anuras, vice chairman of the Thai Chamber of Commerce, said the chamber’s Business Confidence Index was only ...
