The Bangkok Post
Indonesia suspends cartel membership to avoid cuts
Indonesia has suspended its membership of the Organization of Petroleum Exporting Countries, less than a year after rejoining the cartel, as the net oil importer said it could not agree to the group’s production cuts. The decision came as the cartel agreed its first oil ...
Government optimistic on exports
The government remains positive that exports will stay flat or eke out marginal growth this year despite an unexpected drop in October after two months of gains. The Commerce Ministry on November 28 said exports fell by 4.2% year-on-year in October to UScopy7.78 billion after growth ...
Government pushes expressway to go ahead
The government has instructed authorities to resume construction of a section of the long delayed northern expressway linking the Kasetsart intersection and Nawamin Road, also known as the N2 section. The planned expressway, which will link west Bangkok at Bang Pa-In-Bang Phli motorway to east ...
Rojana keeps muted outlook for next year
SET-listed Rojana Industrial Park Plc (ROJNA) expects flat sales of land next year as the weak economic outlook persists and curbs investment, says independent director Amara Charoengitwattanagun. She said land sales in 2017 will remain at 400-500 rai, below the target of 500-600 rai announced ...
Duty-free soybean imports get state nod
The government on November 24 approved a three-year, tariff-free soybean import plan to ease domestic shortages on the condition that importers promote soybean farming and pay more for domestically grown soybeans. Deputy prime minister Prajin Juntong, who chaired the vegetable oil committee meetings, said importers ...
Sepo urges SRT land development
The State Enterprise Policy Office says land development of 39,000 rai held by the debt-ridden State Railway of Thailand could offer a quick solution. Director-general Ekniti Nitithanprapas said SRT, one of the biggest landlords in the country, has holdings that are ideal for commercial development. Some ...
SRT plans high-speed rail talks with Malaysia
Thailand is preparing to sit for talks with Malaysia to discuss an ambitious initiative to build a new high-speed train system linking Bangkok and Kuala Lumpur. The planned meeting follows interest expressed earlier by the Malaysian transport minister, which drew an enthusiastic response from Thai ...
Researcher sounds Thai quake alarm
Thailand is at risk of moderate earthquakes following a 7.4-magnitude temblor off northeastern Japan on November 22, an academic warned on November 22. Asst Prof Passakorn Pananont, who is conducting research into seismic risk reduction in Thailand at the Thailand Research Fund, said areas around ...
Lese majeste suspects 'bottled up in Laos'
A number of suspected lese majeste offenders are holed up in Laos and police will work with public prosecutors and Interpol to track them down, the national police chief says. Pol Gen Chakthip Chaijinda said the Thai and Lao governments have discussed the matter and ...
State spending trusted to boost GDP
Despite muted sentiment in the fourth quarter, the government is highly confident the economy could end this year with an estimated growth of 3.2-3.3%. Deputy Prime Minister Somkid Jatusripitak said accelerated state spending on infrastructure projects and growing tourism will shore up economic growth in ...
