Thai Press Reports articles from August 2006, page 2

Thai Press Reports archives from August 2006

Thailand: Finance Ministry proposes tax break for workers who buy their parents' insurance policies.
August 31, 2006... (From Thai Press Reports) Section: Law - To ease burdens on salaried workers, the Ministry of Finance has proposed a tax break for workers who buy insurance policies for their parents ages sixty years and older. Currently, insurance...

Thailand: Revenue Department halts corporate tax privilege.
August 31, 2006... (From Thai Press Reports) Section: Law - The Revenue Department has implicitly rejected the Listed Companies Association's proposal to renew a corporate income tax privilege. This rejection follows its recent expiration, claiming that...

Thailand: Interior Minister issues new property regulation.
August 31, 2006... (From Thai Press Reports) Section: Law - In order to prevent circumvention of land-ownership law, the Ministry of Interior has issued a new regulation which requires that all partially foreign-owned companies prove their source of funding...

Thailand: Effects of free trade agreements on Thai banks.
August 31, 2006... (From Thai Press Reports) Section: General News - Thailand's leading economist comments that under free trade agreements, small local banks will have a harder time surviving on their own, and are likely to be merged to increase the...

Thailand Intellectual Property: Patent Law considered to expand scope of patent protection.
August 31, 2006... (From Thai Press Reports) Section: Law - The Ministry of Commerce is currently reviewing the existing 1984 Patent Law, and is considering expanding the scope of patent protection to include not only the processes of plant and/or animal...

Thailand: SET introduces basket order trading.
August 31, 2006... (From Thai Press Reports) Section: Stocks - The Stock Exchange of Thailand has announced plans to introduce a basket-order and volume-weighted average price program (VWAP) trading system on July 3. By using basket-order trading...

Thailand: SET regroups three new sectors.
August 31, 2006... (From Thai Press Reports) Section: Stocks - Beginning July 3, Stock Exchange of Thailand (SET) will put to use three new sector regrouping. Machinery and equipment sector will become industrial materials and machinery (IMM) sector;...

Thailand: Thai Customs Department introduces electronic export and import system.
August 31, 2006... (From Thai Press Reports) Section: General News - The Customs Department has introduced the new electronic export and import system in which all document submissions will be processed electronically until an approval is granted. The new...

Thailand: Thai Customs Department introduces Voluntary Audit Program.
August 31, 2006... (From Thai Press Reports) Section: General News - In an attempt to recover revenue loss and better enforce customs law, the Thai Customs Department has introduced the Voluntary Audit Program where importers will have an option of either...

Thailand: Tax privilege for expatriate taxpayers employed extended by Qualifying ROH.
August 31, 2006... (From Thai Press Reports) Section: Law - Royal Decree No 461 has recently been released to extend the tax privilege of the expatriates working with the Regional Operating Headquarters (ROH) from 2 years to 4 years. Under the initial...

Thailand: Thai cabinet approves tax incentives for premiums paid for health insurance.
August 31, 2006... (From Thai Press Reports) Section: Law - The Thai Cabinet has approved a proposal of the Ministry of Finance in relation to a tax reduction measurement on premiums paid for certain insurance coverage as follows: - 1) A taxpayer that has...

Thailand: Commerce Ministry announces new order for registration of company with foreign shareholder.
August 31, 2006... (From Thai Press Reports) Section: Law - The Central Partnership Companies Registry Office, Ministry of Commerce, announced a new Order regarding supporting documents for registration of Partnerships and Limited Companies. The Order will...

Thailand: Thai Customs Department amends law to revaluate in price of goods.
August 31, 2006... (From Thai Press Reports) Section: Law - The Director-General of the Customs Department is preparing to propose a Ministerial Regulation to allow for the use of a deduction method governing price assessment under GATT system. This method...

Thailand: Japanese government provides assistance for Water Supply System for tsunami victims.
August 31, 2006... (From Thai Press Reports) Section: General News - The official handover ceremony of the water supply system, funded by the project "Comprehensive Support for Tidal Wave Victims" and coordinated by the World Vision Foundation of Thailand,...

Thailand: Japanese government provides assistance for tsunami victim.
August 31, 2006... (From Thai Press Reports) Section: General News - The official opening ceremony of two Community Emergency and Rehabilitation Preparedness and Response Coordination Centers, funded by the project "Rehabilitation Support for Tidal Wave...

Thailand: Fitch upgrades Mitsubishi Motors (Thailand)'s guaranteed bonds.
August 31, 2006... (From Thai Press Reports) Section: Rating - Fitch Ratings (Thailand) Limited has today (August 29, 2006) upgraded the Long-term National ratings of Mitsubishi Motors (Thailand) Company Limited's ("MMTh") THB5.0 billion guaranteed...

Brazil: Foreign Affairs Minister of Thailand Mr. Kantathi joins hand with Brazil in solving problems concerning chicken export to EU.
August 31, 2006... (From Thai Press Reports) Section: General News - H.E. Dr. Kantathi Suphamongkhon, Minister of Foreign Affairs of Thailand, met with H.E. Mr. Celso Amorim, Minister of External Relations of Brazil, on 28 August 2006 in Brasilia. They had...

Thailand: Thailand and Mali agree to strengthen ties in partnership in development and cooperate in combat against the bird flu and malaria.
August 31, 2006... (From Thai Press Reports) Section: General News - On 25 August 2006, H.E. Mr. Moctar Ouane, Foreign Minister of the Republic of Mali, held talks with Dr. Kantathi Suphamongkhon, Foreign Minister, at the Ministry of Foreign Affairs,...

Thailand to hold Ninth international Association of Supreme Administrative Jurisdictions (IASAJ) Meeting on November 23-25.
August 31, 2006... (From Thai Press Reports) Section: General News - Bangkok is once again selected as a venue for the ninth meeting of International Jurists. The meeting will be held on 23-25 November at the Shangri-la Hotel. The participants for this...

Thailand: SCBT's short-term debentures to be registered on August 30, 2006.
August 31, 2006... (From Thai Press Reports) Section: Bond Market - SCBT's short-term debentures will be registered with ThaiBMA on August 30, 2006 . SCBT1RN6 is 91-day short-term debenture, worth THB 247 mln . The issue date is August 30, 2006 and the...

Thailand: TISCO's short-term debentures to be registered on September 1 , 2006.
August 31, 2006... (From Thai Press Reports) Section: Bond Market - Tisco Bank Plc 's short-term debentures will be registered with ThaiBMA on September 1,2006 . TSCO1A57 is 270-day short-term debenture worth THB 73 mln .The issue date is September 1,...

Thailand: TK's BE to be registered with ThaiBMA on August 29, 2006.
August 31, 2006... (From Thai Press Reports) Section: Bond Market - Bill of exchange (BE) issued by Thitikorn Plc. to be registered with ThaiBMA on August 29, 2006. TK1GN6 is 90-day BE ,worth THB 15 mln. The issue date is August 29,2006 and the...

Thailand: HWAY's BE registered with ThaiBMA on August 29, 2006.
August 31, 2006... (From Thai Press Reports) Section: Bond Market - Bill of exchange (BE) issued by Hi-Way Co., Ltd. will be registered with ThaiBMA on August 29, 2006. HWAY1B27 is a 183-day BE ,worth THB 10.25 mln . The issue date is August 24, 2006...

Thailand: HSBC's short-term debentures to be registered on August 31, 2006.
August 31, 2006... (From Thai Press Reports) Section: Bond Market - Short-term debenture issued by The Hongkong and Shanghai Banking Corporation will be registered with ThaiBMA on August 31, 2006 HSBC1AD6 is 118-day short-term debenture worth THB 1,300 mln...

Thailand: PTTCH postpones debenture issuance.
August 31, 2006... (From Thai Press Reports) Section: Bond Market - PTT Chemical Plc Co.,Ltd postpones debenture issuance amounting to THB 12,000 million as the company expects that market interest will decrease next year. (Thai Bond Dealing Centre: 29...

Thailand: SCB's Short-term debentures registered with ThaiBMA on August 29-30, 2006.
August 31, 2006... (From Thai Press Reports) Section: Bond Market - Short - term debenture issued by Siam Commercial Bank Plc. consist of SCB1CN6 to be registered with ThaiBMA on August 29, 2006 and SCB1DN6 will be registered on August 30, 2006. ...

Thailand: STECON downgraded the company rating by TRIS.
August 31, 2006... (From Thai Press Reports) Section: Corporate News - Sino-Thai Engineering & Construction PLC (STECON) has been downgraded the company rating from "BBB+" to "BBB-" by TRIS Rating. The downgrade follows the reported company's net loss...

Vietnam: CEOs prepare for Vietnam's WTO membership.
August 31, 2006... (From Thai Press Reports) Section: Regional News - Over 200 representatives from businesses in Ho Chi Minh City and its adjacent provinces have met to discuss preparations for coming business opportunities following Vietnam's accession...

Vietnam: Deputy PM praises Turkey's role, initiative.
August 31, 2006... (From Thai Press Reports) Section: Regional News - Vietnam placed a high value on the role and position held by Turkey in the region as well as the world at large, Deputy Prime Minister Pham Gia Khiem said. At his meeting with...

Vietnam: President meets newly-accredited ambassadors.
August 31, 2006... (From Thai Press Reports) Section: Regional News - President Nguyen Minh Triet received newly-accredited ambassadors to Vietnam from Chile, Bangladesh, Sri Lanka and New Zealand on Aug. 28 . President Triet affirmed Vietnam's...

Vietnam: Ukraine opens consulate in Ho Chi Minh City.
August 31, 2006... (From Thai Press Reports) Section: Regional News - The Ukraine Consulate was officially opened in Ho Chi Minh City on Aug. 28. Addressing the inauguration ceremony, Ukraine's Vice Foreign Minister Kostenko and Vice Chairman of the...

Vietnam: Positive signs of economic development.
August 31, 2006... (From Thai Press Reports) Section: Regional News - Despite of numerous difficulties caused by large increases in petrol price, natural disasters and epidemic, Vietnam's economy continued to grow positively in the first eight months of...

Vietnam: Governmental delegation visits South Africa.
August 31, 2006... (From Thai Press Reports) Section: Regional News - A delegation of the Governmental Office led by its Permanent Deputy Director Nguyen Xuan Phuc, on August 27 concluded a nine-day visit to South Africa. Phuc, who is also a member of...

Vietnam: NA committee calls for infectious disease prevention law.
August 31, 2006... (From Thai Press Reports) Section: Regional News - The National Assembly Standing Committee on August 28 affirmed the necessity of enacting a law on infectious disease prevention so as to increase the quality of the nation's healthcare...

Lao Prime Minister to visit Vietnam.
August 31, 2006... (From Thai Press Reports) Section: Regional News - A high-ranking delegation from the Lao People's Democratic Republic, headed by Prime Minister Bouasone Buouphavanh, will arrive in Hanoi on Aug. 29. The official friendly visit will...

Vietnam: Important APEC events to be held in September.
August 31, 2006... (From Thai Press Reports) Section: Regional News - A series of important events for the APEC Year Vietnam 2006 will take place in September, especially the 13th APEC Finance Ministers' Meeting (FMM-13) and the third Senior Officials'...

Vietnam: Border gate in Thanh Hoa upgraded.
August 31, 2006... (From Thai Press Reports) Section: Regional News - The People's Committee of central Thanh Hoa province has decided to spend 3.5 billion VND to complete an upgrade of the Na Meo international border gate, which will then be the main...

Vietnam: German NGO helps build resettlement village.
August 31, 2006... (From Thai Press Reports) Section: Regional News - A resettlement village built with help from the German non-governmental organisation Solidarity Service International (SODI) was inaugurated in the central province of Quang Tri, on Aug....

Vietnam: Vietnamese, Chinese children join fight against human trafficking.
August 31, 2006... (From Thai Press Reports) Section: Regional News - Vietnamese and Chinese children have expressed their desire to play a role in programmes to counter the trafficking of children and women. They presented their messages at a forum...

Vietnam: Draft resolution on anti-corruption committee approved.
August 31, 2006... (From Thai Press Reports) Section: Regional News - The National Assembly Standing Committee on August 28 approved a draft resolution on establishment of the National Steering Committee for Corruption Prevention and Control. Under the...

Vietnam, Turkey agree to boost trade.
August 31, 2006... (From Thai Press Reports) Section: Regional News - Vietnam and Turkey agreed to strengthen cooperation between trade promotion agencies and the Chambers of Commerce and Industry in order to boost bilateral trade. The idea was shared...

Vietnam: Coffee scarcity likely to take place.
August 31, 2006... (From Thai Press Reports) Section: Regional News - There may be a shortage of coffee in the near future and the prices of coffee would then continue to rise before the coffee crop is harvested in October, the Vietnam Coffee and Cocoa...

Vietnam: Indian textile products to be displayed in Ho Chi Minh City.
August 31, 2006... (From Thai Press Reports) Section: Regional News - An exhibition to showcase Indian garments and textile products will be held in Ho Chi Minh City on August 30-31. The two-day event, which will attract 21 Indian leading garment and...

Vietnam: Cao Bang cooperates with China in growing sugar cane.
August 31, 2006... (From Thai Press Reports) Section: Regional News - A sugar cane growing cooperation programme for export to China between Ha Lang district in northern Cao Bang province and Longzhou district in China' Guangzhou province has started in Ha...

Vietnam: Holding companies operate well after equitisation.
August 31, 2006... (From Thai Press Reports) Section: Regional News - State-run corporations in Ho Chi Minh City, that have undergone equitisation and operated under a parent-subsidiary model for the past six years, have seen an increase of 48 percent in...

Vietnam: EVN to issue additional 600 billion VND in bonds.
August 31, 2006... (From Thai Press Reports) Section: Regional News - The Electricity of Vietnam (EVN) plans to issue an additional 600 billion VND (roughly 37.5 million USD) in bonds on Sept. 1 to mobilise capital for its power projects. The...

Vietnam: Hanoi to get new supermarkets, stores.
August 31, 2006... (From Thai Press Reports) Section: Regional News - The Hanoi Trade Corporation plans to have more than 50 supermarkets and convenience stores in the capital and neighbouring provinces by early next year. The corporation is now...

Vietnam attracts few French tourists, says VNAT.
August 31, 2006... (From Thai Press Reports) Section: Regional News - Vietnam has yet to become an attractive tourism destination for French visitors, with just 74,600 French visitors recorded in the first seven months of this year, reported the Vietnam...

Vietnam: Northern province improves rural transport.
August 31, 2006... (From Thai Press Reports) Section: Regional News - The northern province of Bac Giang has invested 499 billion VND (35.5 million USD) over the last three years to build and upgrade rural roads to improve local production and living...

Vietnam: Over 1,500 tonnes of fruit sold at southern festival.
August 31, 2006... (From Thai Press Reports) Section: Regional News - More than 1,500 tonnes of fruit were sold during the 2006 Southern Fruit Festival, which opened at the Suoi Tien Park in Ho Chi Minh City on May 27. The figure represented an...

Vietnam: Saigon Shipmarin to build first vessels for export.
August 31, 2006... (From Thai Press Reports) Section: Regional News - The Saigon Shipbuilding and Maritime Industry Company (Saigon Shipmarin) signed a contract with Japan's Kanematsu Corp. to build two 6,500-tonne cargo vessels. These are the first...

Malaysia, Venezuela agree to avoid double taxation.
August 31, 2006... (From Thai Press Reports) Section: Regional News - Malaysia and Venezuela signed an agreement on double taxation avoidance on Aug. 28. The agreement on avoidance of double taxation and prevention of income tax evasion was signed by...

Thailand: Fake bomb found near Thai PM's residence.
August 31, 2006... (From Thai Press Reports) Section: General News - A fake bomb was found near Thai Prime Minister Thaksin Shinawatra's residence in Bangkok on Aug. 28, according to the Thai police. The fake bomb was an old battery tied with wire to...

Cambodia to host world volleyball tournament for disabled.
August 31, 2006... (From Thai Press Reports) Section: Regional News - Cambodia will host the 2007 world volleyball tournament for the disabled, according to the Cambodian News Agency (AKP). The event is expected to draw disabled people from countries,...

New street named after Vietnamese capital in Cambodia.
August 31, 2006... (From Thai Press Reports) Section: Regional News - On August 28, a new street in Phnom Penh , Cambodia , was named after Vietnam 's capital city of Hanoi to celebrate the 61st anniversary of Vietnam 's National Day. The 10.2-km...

Cambodia hosts regional anti-terrorism conference.
August 31, 2006... (From Thai Press Reports) Section: Regional News - As many as 22 experts from nine member countries of the Association of Southeast Asian Nations (ASEAN) and representatives from international organisations and other countries recently...

ASEAN urged to become new technology producers.
August 31, 2006... (From Thai Press Reports) Section: Regional News - The Association of Southeast Asian Nations (ASEAN) should evolve to become producers of new technology by creating a functioning science and technology community who will become pioneers...

Indonesia expects to welcome 5.5 million tourists this year.
August 31, 2006... (From Thai Press Reports) Section: Regional News - Indonesia hopes to receive about 5.5 million international tourists this year with the largest number of foreigners travelling to the country will be from Southeast Asia. Thamrin B...

France to help Cambodia develop Sihanoukville port city.
August 31, 2006... (From Thai Press Reports) Section: Regional News - French Minister of Transportation, Capital Works, Tourism and Maritime Affairs Dominique Perben is on a three-day visit to Cambodia to discuss with Cambodian leaders multi-faceted...

Vietnam: Positive signs of economic development.
August 31, 2006... (From Thai Press Reports) Section: Regional News - Despite numerous difficulties caused by large increases in petrol prices, natural disasters and an epidemic, Vietnam's economy continued to grow positively in the first eight months of...

Vietnam: Price of export rice surges.
August 31, 2006... (From Thai Press Reports) Section: Regional News - Vietnam's price of export rice has increased from US$4-6 per tonne due to the increasing import demands and decreasing supply sources, according to the domestic marketing management team...

Vietnam's toxic legacy lives on: Australian newspaper.
August 31, 2006... (From Thai Press Reports) Section: Regional News - Australia's leading daily newspaper, the Age, in its August 26 edition ran an article written by Connie Levett on the consequence of Agent Orange in Vietnam. In Vietnam, the paper...

Vietnam: Urgent measures needed to prevent bird flu.
August 31, 2006... (From Thai Press Reports) Section: Regional News - All relevant agencies and localities must cooperate to prevent illegal poultry trafficking across borders and tighten control over the incubation and outdoor husbandry of water fowl,...

Indonesia: Latest FinnBiz News launched.
August 31, 2006... (From Thai Press Reports) Section: Regional News - The third edition of FinnBiz News, a quarterly newsletter on Finnish-Indonesian trade and business opportunities published by the Embassy of Finland in Jakarta, has been launched online....

Successful Saxo Bank ready for Singapore.
August 31, 2006... (From Thai Press Reports) Section: Regional News - The Danish-owned Saxo Bank has reported a solid growth in earnings during the first half of 2006, further equipping the bank for its expected launch of an Asian subsidiary in Singapore...

Important agreement between Indonesian government and international specialists on path forward in fighting avian influenza in Indonesia.
August 31, 2006... (From Thai Press Reports) Section: Regional News - The Government of Indonesia and key international partners discussed how to strengthen the response to Avian Influenza (AI) in Indonesia, at a meeting in Jakarta on August 24, 2006. ...

Thailand: On expansion trail of CPN.
August 31, 2006... (From Thai Press Reports) Section: Stocks - After attended with Central Pattana Plc (CPN)'s Analyst Meeting, a positive view is unchanged. 1H06 results were impressive, with earnings up 20% y-o-y led by growth at existing stores, and...

Thailand: BJI fall below US$50/ton.
August 31, 2006... (From Thai Press Reports) Section: Stocks - The BJI for 24 Aug 2006 fell to US$49.05/ton. This is the first time the benchmark fell below the US$50/ton mark since Mar 2006, and could be a turning pointing towards softer prices as seen in...

Thailand: PDI expects a high dividend yield.
August 31, 2006... (From Thai Press Reports) Section: Stocks - The current high zinc price of $3,370/tonne, a jump of 159% yoy, compared to $1,300/tonne in the same quarter of last year, will support the Padaeng Industry (PDI) 3Q06 bottom line. This plus...

Thailand's economy: Little linkage to the US.
August 31, 2006... (From Thai Press Reports) Section: Economy - There does not seem to be a long-term close correlation between Thailand and US GDP, and US economic slowdown. Which means the current slowdown in the US should not have a harsh impact on the...

Thailand: KTB shifts spotlight to fee income.
August 31, 2006... (From Thai Press Reports) Section: Stocks - Krung Thai Bank (KTB) is still the bank in our coverage trading at the lowest PE, at 06 and 07 PE of 8-9x. News that KTB may pay interim has not been confirmed yet, but with or without the...

Thailand: SATTEL begins its ascent.
August 31, 2006... (From Thai Press Reports) Section: Stocks - In terms of shareholding structures, regardless of whether Kularb Kaew is determined to be a nominee or not, Shin Satellite Pcl (SATTEL) will be a Thai company with foreign ownership of less...

Thailand: Buy on short-term volatility.
August 31, 2006... (From Thai Press Reports) Section: Stocks - As concerns about US economic slowdown remain in the markets, the series of US data coming this week, i.e., FOMC minutes, revised GDP, ISM and non-farm payrolls, should continue to add...

Thailand: MRTs one step closer to reality.
August 31, 2006... (From Thai Press Reports) Section: Stocks - It is clear that the Japan Bank for International Corporation (JBIC) will be a big financier for the three upcoming mass transit lines. According to MRTA, bidding should be completed by early...

Thailand: PTTCH has risk of more capital call in 2008.
August 31, 2006... (From Thai Press Reports) Section: Stocks - Forecast was revised to reflect the latest CAPEX information. Valuation comparables were lowered to reflect risk of capital call and uncertainty regarding future transfer between PTT and PTT...

Airports of Thailand: No free lunch.
August 31, 2006... (From Thai Press Reports) Section: Stocks - The Airports of Thailand (AOT)'s decision to increase its hedging position should be positive to the share price in the long run. It is true that hedging will reduce the exchange rate risk,...

Thailand: NWR signs contract for construction of Laemchabang Port.
August 31, 2006... (From Thai Press Reports) Section: SET Filing - Nawarat Patanakarn Public Company Limited is pleased to inform that on July 4, 2006 the Company has signed a contract with Hutchison Laemchabang Terminal Limited, to proceed with the...

Thailand: STA postpones extraordinary general meeting date.
August 31, 2006... (From Thai Press Reports) Section: SET Filing - As the resolution of the Company's Board of Directors' meeting No. 8/2006 held on 10th August 2006, approved the date of the extraordinary general meeting of the shareholders of the Company...

Thailand: AFC reports on operating results 2005/2006.
August 31, 2006... (From Thai Press Reports) Section: SET Filing - The results for the fiscal year 2005/2006 ending on June 30, 2006 shows a net loss of 78.7 million Baht, or 1.73 Baht per share, while the corresponding results of previous year showed a...

Thailand: ACL purchases capital increase shares from subsidiary.
August 31, 2006... (From Thai Press Reports) Section: SET Filing - ACL Bank Public Company Limited ("the Bank") reported an establishment of Leasing Sinn Asia Company Limited (LACL) to conduct hire purchase, factoring and leasing businesses with initial...

Thailand: TMB signs selling and purchasing of shares in TGPRO.
August 31, 2006... (From Thai Press Reports) Section: SET Filing - TMB Bank Public Company Limited (TMB) ,would like to inform of the sale of shares in Thai-German Products Public Company Limited (TGPRO) which the Share Sale and Purchase Agreement of...

Thailand: AFC suspends dividend payment.
August 31, 2006... (From Thai Press Reports) Section: SET Filing - Please be informed that during the Board of Directors meeting on August 28, 2006, the board has approved that no dividend be paid due to the accumulated loss. (29 August 2006)

Thailand: TF buys capital and reports on progress of setting up factory.
August 31, 2006... (From Thai Press Reports) Section: SET Filing - From the meeting of the Board of Directors No.8/2006 held on Monday, 28 August 2006, during 13:30-15:30 hrs. 1. The resolutions to obtained to buy the capital share of Dai-Ichi...

Thailand: PA extends term of agreement with Corner Management.
August 31, 2006... (From Thai Press Reports) Section: SET Filing - The Board of Directors of Pacific Assets Public Company Limited ("the Company") at its meeting No. 12/2006 held on August 28, 2006 resolved the following: To approve Pacific Phuket Company...