Thai Press Reports articles from October 2008, page 8

Thai Press Reports archives from October 2008

Vietnam: Authorities debate reasons for failed rural development pilot.
October 30, 2008... Section: Business News - Agricultural authorities nationwide have gathered to discuss the ineffective implementation of a rural development pilot project after two-years. Ho Xuan Hung, deputy minister of Agriculture and Rural Development,...

Vietnam: PetroVietnam seeks lower output.
October 30, 2008... Section: Business News - The Vietnam National Oil and Gas Group (PetroVietnam) has submitted a proposal to the Government to lower its annual crude oil exploitation output target from 16.2 million tonnes to 15.5-16 million tonnes. ...

Vietnam: SBV checks out lending portfolios.
October 30, 2008... Section: Business News - The State Bank of Vietnam (SBV) yesterday asked its own branches, as well as all Vietnamese banks, joint venture banks and foreign banks in Vietnam to report credit activities, outstanding loans and lending interest...

Vietnam: Swedish firms turn focus to Vietnam.
October 30, 2008... Section: Business News - Swedish businesses are paying greater attention to the Vietnamese market, said Swedish Ambassador to Vietnam Rolf Bergman at a Vietnam-Sweden business networking forum yesterday. The event, part of a four-day...

Vietnam: Exhibitions look to lure more foreign investment.
October 30, 2008... Section: Business News - Trade fairs and forums have become a vital adjunct to developing business and industry in Vietnam. At present there are three related international exhibitions under the one roof in Ho Chi Minh City. And, in...

Vietnam: Workforce cut as cost of materials continues to rise.
October 30, 2008... Section: Business News - The rising cost of raw materials for small-and medium-sized enterprises has caused companies to cut back on employee recruitment, according to officials. Nguyen Thi Minh Tam, director of the Marketing and...

Vietnam: Farm, forestry exports up 26%.
October 30, 2008... Section: Business News - Exports of agricultural, forestry and seafood products saw an increase in value during the first ten months of the year, October's total export value although slipped compared to last month, said the Ministry of...

Vietnam: Steel-export tax cut to help struggling sector.
October 30, 2008... Section: Business News - The Ministry of Finance cut the export tax rate for steel products from 5 per cent to zero yesterday, with the new tax-free rate set to be applied from November 7. The move follows increasing calls by the Vietnam...

Vietnam: Liquidity cushions market fall.
October 30, 2008... Section: Business News - Improved liquidity helped narrow the fall of domestic stock indices yesterday. On the Ho Chi Minh City Stock Exchange, trading volume increased 29 per cent to 17.16 million shares, with a total revenue of VND491.5...

Vietnam: Vina Bank Card make debut in Hanoi.
October 30, 2008... Section: Business News - Vina Bank Card Company (VNBC) opened last Friday to provide equipment and services for the banking sector, specialising in e-banking solutions and bank card technology. VNBC produces automatic teller machines...

Vietnam: Dragonair launches new service to Hanoi.
October 30, 2008... Section: Business News - Dragonair launched its new scheduled service from Hong Kong to Hanoi on Sunday with a ceremony held at Noi Bai International Airport for passengers boarding the first flight back to Hong Kong. This is the eighth...

Vietnam: VDB auctions $36.4m in bonds.
October 30, 2008... Section: Business News - As much as VND600 billion (US$36.4 million) worth of State bonds will be auctioned off at the Hanoi Securities Trading Centre on Friday, the centre said. The bonds, to be issued by the Vietnam Development Bank...

Vietnam: OPC debuts 8.2m shares on HOSE.
October 30, 2008... Section: Business News - OPC Pharmaceutical Joint Stock Company will debut nearly 8.19 million shares for official trading on the Ho Chi Minh City Stock Exchange (HOSE) on Thursday. The reference price for each share on the first date of...

Vietnam: Housing developer buys back shares.
October 30, 2008... Section: Business News - Thu Duc Housing Developing Corporation (TDH) said it would buy back 750,000 shares starting today, raising its total number of shares bought back to 1.25 million. The company has authorised the Ho Chi Minh City...

Vietnam: Artex holds seminar on securities.
October 30, 2008... Section: Business News - Artex Securities Joint Stock Co said it would hold a seminar on taxes levied on personal income from securities trading from November 1 No 2 Pham Su Manh Street. Hanoi Taxation Department official Vu Thi Toan and...

Sweden/Vietnam: Vietnam and Sweden boost trade co-operation.
October 30, 2008... Section: Business News - The Vietnamese Government hopes to receive Sweden's support in the technological development of industry, agriculture and vocational training as the country focuses on controlling inflation, stabilising the economy...

Vietnam: Ceremony launches new IZ in Bac Ninh Province.
October 30, 2008... Section: General News - A ground-breaking ceremony for Nam Son-Hap Linh industrial, urban and service zone took place yesterday (October 28, 2008). The ceremony was organised by the People's Committee of the northern province of Bac Ninh...

Vietnam: FDI requires more skilled employees.
October 30, 2008... Section: Business News - A shortage of highly qualified and skilled workers is hindering the disbursement of foreign direct investment (FDI) capital. In the first 10 months of this year, Vietnam recorded its highest-ever level of FDI...

Vietnam: Drug prices spiral out of control.
October 30, 2008... Section: Business News - The retail prices of many drugs, most of them manufactured by large firms or imported, have been rising in the past two months. Pharmacies said around 200 drugs had become more expensive in the past month and...

Vietnam: Animal feed prices cut into farmers' profits.
October 30, 2008... Section: Business News - Animal feed prices remain high, although the cost of input materials has dropped by 40 to 45 per cent since August. Pham Duc Binh, general director of Thanh Binh Joint-Stock Company, said the prices reflected the...

Vietnam: Gas costs plummet on back of global price fall.
October 30, 2008... Section: Business News - Domestic retail gas prices have fallen sharply, following a drop in price on the world market. Several gas trading companies in Ho Chi Minh City said it was the fourth drop in retail prices within the past three...

Vietnam: DongA Bank gives credit card arm independence.
October 30, 2008... Section: Business News - DongA Bank's credit-card related arm became an independent entity last Saturday, wirh some individuals holding stakes in the joint-stock firm. Vietnam Brilliant Card Joint Stock Company (VNBC) will provide bank...

Vietnam: Slovakian PM ends tour of Vietnam.
October 30, 2008... Section: General News - The Slovakian Prime Minister, Robert Fico, ended his three-day official visit to Vietnam yesterday (October 28, 2008). The visit was made at the invitation of Prime Minister Nguyen Tan Dung. Within the...

Russia/Vietnam: President Triet calls for more trade, investment from Russia.
October 30, 2008... Section: Business News - President Nguyen Minh Triet has called for Russian businesspeople to increase trade and investment in Vietnam, saying the country would provide favourable conditions for them. Addressing the Vietnam-Russia...

Vietnam: Health Ministry orders stricter control of imported foodstuffs.
October 30, 2008... Section: General News - The Ministry of Health will destroy all eggs imported from China found to contain melamine, said Deputy Minister Cao Minh Quang at an urgent meeting yesterday (October 28, 2008). The meeting was co-hosted by the...

Vietnam: Inflation fight is on track, says assembly.
October 30, 2008... Section: Economy - Most deputies at yesterday's (October 28, 2008) National Assembly meeting said Government operations on curbing inflation and maintaining growth were effective and heading in the right direction. They reached broad...

Vietnam: Ho Chi Minh City domestic terminal open again after pre-dawn fire.
October 30, 2008... Section: General News - The domestic terminal at Ho Chi Minh City's Tan Son Nhat Airport opened partially yesterday (October 28, 2008) after shutting down for nearly 24 hours due to a pre-dawn blaze on Monday, according to the Southern...

Vietnam: Turkish envoy agrees trade could reach $1b.
October 30, 2008... Section: Business News - On the occasion of Turkey's National Day today, Vietnam News spoke to the country's ambassador to Vietnam, Ates Oktem. What is your daily life like in Vietnam as the Turkish Ambassador? Where in Vietnam have you...

Germany/Vietnam: Vietnam-German relations develop well.
October 30, 2008... Section: General News - German President Horst Koehler expressed his delight at the fine development of cooperative relations between the two countries in recent years while receiving Vietnamese ambassador to Germany, Tran Duc Mau, on October...

Vietnam: Celebration of Thang Long-Hanoi 1,000th anniversary raises the city's position.
October 30, 2008... Section: General News - The 1,000th anniversary of Thang Long-Hanoi is a significant event in the nation's history, marking a millennium of struggle for national independence and freedom, promoting relations with international friends and...

Russia/Vietnam: State President Triet visits Saint Petersburg.
October 30, 2008... Section: General News - A high-ranking Vietnamese delegation led by State President Nguyen Minh Triet left Moscow for Saint Petersburg on October 29, continuing an official four-day visit to Russia. Before leaving Moscow, Mr Triet met...

Vietnam: Slovak PM ends Vietnam visit.
October 30, 2008... Section: General News - The Slovakian Prime Minister Robert Fico left Hanoi on October 28, concluding his three-day official visit to Vietnam at the invitation of Prime Minister Nguyen Tan Dung. During his stay, PM Fico held talks with...

Russia/Vietnam: President Triet encourages Russian investment in Vietnam.
October 30, 2008... Section: General News - The Vietnamese Party and State want to increase economic cooperation with Russia and create favourable conditions for Russian businesses to operate efficiently in Vietnam. State President Nguyen Minh Triet made the...

Vietnam: Now the real pain of global financial meltdown begins.
October 30, 2008... Section: Economy - The US financial crisis is having a domino effect on many countries around the world. Even though Vietnam is not directly affected, the open question remains if its businesses can weather a downturn. This topic...

Egypt/Vietnam: Egypt expected to be Vietnam's potential tea import market.
October 30, 2008... Section: Business News - Vietnam's Trade Office in Egypt coordinated with the Egyptian Economic and Commercial Affairs Office to hold a meeting between Vietnamese tea exporters and Egyptian businesses on October 28. The meeting helped...

Vietnam: Enterprises likely to export rice freely from now till February 2009.
October 30, 2008... Section: Business News - Minister of Industry and Trade, Vu Huy Hoang, has sent a document to the Prime Minister, proposing measures on boosting rice exports and the purchase of rice for farmers. The Ministry of Industry and Trade (MoIT)...

Thailand/Vietnam: Thai firms aim to boost marketing activities in Vietnam.
October 30, 2008... Section: Business News - A number of exhibition companies from Thailand have expanded the scope of their marketing activities in Vietnam by joining the Vietnam-Thailand Exhibition and Conference Industry Forum, which took place in Hanoi on...

Russia/Vietnam: State President praises legislative ties between Vietnam and Russia.
October 30, 2008... Section: General News - Before leaving Moscow for Saint Peterburg, State President Nguyen Minh Triet had separate meetings with Chairman of the Council of Federation Sergey Mironov and Mayor of Moscow Luzhkov. Meeting Chairman Sergei...

Vietnam: President Triet's activities in Moscow.
October 30, 2008... Section: General News - Continuing his Russian tour, State President Nguyen Minh Triet received Chairman of the Communist Party of the Russian Federation (CPRF) Gennady Zyuganov and attended the Russia-Vietnam Business Forum. President...

Vietnam: PM approves planning scheme of central economic zone.
October 30, 2008... Section: General News - With a total area of 10,000 ha (8,900 ha of land and 1,100 ha of islands and water areas), the Hon La Economic Zone (EZ) in the central province of Quang Binh will become one of modern international commercial centers...

Vietnam: Japan-funded agreement extended.
October 30, 2008... Section: General News - Standing Deputy PM Nguyen Sinh Hung on October 27 agreed with the extension of an agreement granted with non-refundable aid by Japan, which prepares the Project "Development of urban water supplies in Vietnam, phase 2"...

Vietnam: Steel export tax reduced to zero.
October 30, 2008... Section: Business News - The Ministry of Finance decided on October 28 to readjust the export tax rate applied for some iron and steel products. Accordingly, the tax rate imposed on iron and steel products in the sub-group 7204.50.00.00...

Vietnam: Third private airlines licensed in Vietnam.
October 30, 2008... Section: Business News - The Vietnamese Government agreed to license the Mekong Aviation, a VND 200-billion carrier, to start operation by 2010. With a fleet of ten cargo aircraft, Mekong Aviation plans to provide flights on domestic...

Vietnam: Export and investment keep rising.
October 30, 2008... Section: Business News - Vietnam's export turnover is estimated at nearly US $53.8 billion over the past 10 months, a sound growth rate of 36.7% against the same period last year, according to the General Statistics Office. During this...

Vietnam: Bolivian's foreign relations and worship delegation visits Vietnam.
October 30, 2008... Section: General News - At the invitation of the Vietnamese Ministry of Foreign Affairs, a delegation of the Bolivian Ministry of Foreign Relations and Worship, led by Deputy Minister Pablo Guzman, paid a working visit to Vietnam on October...

Philippines: IFC assures financing for Philippines amid global financial crisis.
October 30, 2008... Section: Business News - An official of the International Finance Corporation (IFC) on Wednesday said they will continue to provide assistance to the country to further enable the domestic economy face the present global financial turmoil....

Philippines: Decision on reduction on banks' reserve requirement can be taken outside MB meeting, says Tetangco.
October 30, 2008... Section: Business News - The Bangko Sentral ng Pilipinas (BSP) said it can issue a decision regarding a proposal to reduce banks' reserve requirement anytime and not necessarily during a meeting of its policy-making Monetary Board (MB). ...

Philippines: SBMA's Salonga elected head of Asian ports network.
October 30, 2008... Section: Business News - Subic Bay Metropolitan Authority (SBMA) Chairman Feliciano G. Salonga, credited for the successful re-focusing of Subic's development thrust into the maritime industry, was formally named the new chairman of the...

Philippines: BSP sees October '08 inflation between 11.3-12.1%.
October 30, 2008... Section: Business News - Lower international commodity prices is seen to impact on the October 2008 inflation in the Philippines with the Bangko Sentral ng Pilipinas (BSP) projecting the figure between a range of 11.3-12.1 percent. BSP...

Philippines: VP leads sale of foreclosed properties.
October 30, 2008... Section: Business News - Vice-President and Housing and Urban Development Coordinating Council (HUDCC) head Noli de Castro opened Wednesday the government's third annual housing fair with a call for people to avail of specially priced...

Philippines: BSP sees peso improving once Fed cuts rate anew.
October 30, 2008... Section: Business News - Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. projects that another cut in the Federal Reserve rate is seen to resuscitate the Philippine peso from its present dilemma. The local unit is now...

Philippines: PAL resumes Cebu-Osaka route.
October 30, 2008... Section: Business News - Philippine national flag carrier Philippine Airlines (PAL) is reopening its Cebu-Osaka, Japan direct flights as demand for the direct flight increases. More than seven years after the flight connection was halted,...

Philippines: Faker of car aircon parts arrested for IPR theft.
October 30, 2008... Section: Business News - Agents of the National Bureau of Investigation (NBI) seized alleged counterfeit car air-conditioning parts worth Pph1.1 million during a raid in Mandaluyong City on Tuesday afternoon. Regional Director Elfren...

Philippines: Cebu City Council urges BSP to cut fees for OFWs' remittances.
October 30, 2008... Section: Business News - Counting on the remittances of overseas Filipino workers (OFWs) to support the economy, the Cebu City Council has urged the Bangko Sentral ng Pilipinas (BSP) to reduce the fees of overseas Filipino workers (OFWs) in...

Philippines: Philam arm tell clients to stay calm amid financial turmoil.
October 30, 2008... Section: Business News - Top officials of Philam Asset Management Inc. (PAMI) asked its clients to stay calm and to wait for capital markets to stabilize before they even think of withdrawing their mutual fund investments. PAMI executive...

Philippines: Global finance crunch hurts Cebu's wellness sector.
October 30, 2008... Section: Business News - The global financial turmoil is hurting Cebu's beauty and wellness sector, but an industry leader said businessmen should maintain a positive outlook. The Spa and Wellness Association of Cebu (SWAC) saw a slight...

Russia/China: Rosneft challenged by shareholder on discount oil sales to China.
October 30, 2008... Section: Business News - A shareholder of Russia's state-run oil giant Rosneft has applied to the country's top prosecutors to probe the company's current contract for oil sales to China at below-market rates, Vedomosti said on Wednesday. ...

Philippines: PSBank declares 1.5% cash dividend payment for Q3 '08.
October 30, 2008... Section: Business News - Philippine Savings Bank (PSBank) has declared a 1.5 percent regular cash dividend payment for the third quarter this year. In a disclosure to the Philippine Stock Exchange (PSE) Wednesday, PSBank President...

Venezuela: Venezuela will support any additional output cut by OPEC, says Chavez.
October 30, 2008... Section: Business News - Venezuela will support any additional OPEC production cut to stabilize crude oil prices, visiting Venezuelan President Hugo Chavez said here Tuesday. Chavez made the remarks following a meeting with Ecuadoran...

Philippines: Aboitiz pays Benguet P79.5-M, says Fongwan.
October 30, 2008... Section: Business News - The Aboitiz company paid to the province of Benguet Tuesday 79.5 million pesos which represents the transfer tax owing to the province of the sale of the Binga hydroelectric dam to the private corporation Provincial...

Germany: Merkel seeks expert advice before G20 summit.
October 30, 2008... Section: Economy - German Chancellor Angela Merkel met with financial experts Tuesday for advice on tackling the world financial crisis before the G20 summit in Washington on Nov. 15. The experts, who included academics and former...

Indonesia: APEC may liberalize service sector, says Indonesian minister.
October 30, 2008... Section: Business News - Members of the Asia-Pacific Economic Cooperation (APEC) forum are exploring the possibility of liberalizing the service sector to help boost economic growth in the region, a senior Indonesian official said. APEC...

Switzerland: Swiss financial adviser sees hard times ahead for world financial market.
October 30, 2008... Section: Business News - The world financial market will stay at low levels for a long time to come, and government injection of capitals into the market will not help, Swiss financial guru Marc Faber said on Tuesday. "We'll stick at...

Canada: Canadian PM calls provincial premiers meeting on economy.
October 30, 2008... Section: Economy - Canadian Prime Minister Stephen Harper will hold a meeting of provincial premiers Nov. 10 to discuss the prospects of economy as the financial crisis grows, government officials said Tuesday. This will be the first...

United States: Los Angeles among hardest hit as U.S. home prices keep falling.
October 30, 2008... Section: Economy - The Los Angeles area was among the areas hardest hit by the current U.S. housing crisis as home prices continued to fall at a record-breaking pace in August, a prominent housing index showed Tuesday. Home prices in 20...

United States: Microsoft unveils latest operating system Windows 7.
October 30, 2008... Section: Business News - Software giant Microsoft on Tuesday unveiled Windows 7, saying its latest operating system won 't be as annoying. At the company' Professional Developers Conference here, Microsoft said the new version will not...

United States: Oil falls as U.S. consumer confidence plummets.
October 30, 2008... Section: Business News - Crude oil continued to fall on Tuesday as survey showed that the U.S. consumer confidence plummeted to an all-time low in October. Light, sweet crude for December delivery fell 49 cents to settle at 62.73 U.S....

United States: U.S. stocks surge more than 9 percent as Fed to cut rates.
October 30, 2008... Section: Stocks - U.S. stocks surged Tuesday a day before the Fed's decision to cut interest rates. All major indexes soared more than 9 percents while the Dow Jones average rising near 900 points. - PNA

United States: Google settles copy right suit with authors, publishers.
October 30, 2008... Section: Business News - Google has reached an agreement with authors and publishers to settle a lawsuit on the company's book search program, it was announced on Tuesday. Under the deal, Google will pay copyright holders an upfront...

United States: Wall Street rallies as investors believe Fed to cut interest rates.
October 30, 2008... Section: Stocks - Wall Street rallied Tuesday as investors hunted for bargain in the oversold markets believing that the Federal Reserve could cut interest rates. Investors shrugged off bad economic data Tuesday. The Conference Board...

Switzerland: Switzerland's Credit Suisse to cut 500 more jobs.
October 30, 2008... Section: Business News - Switzerland's second largest bank Credit Suisse plans to cut another 500 jobs, it announced on Tuesday. Those job cuts will be mainly in the investment banking unit and its support sections, according to a...

United States: Dollar, yen fall as stock markets rebound.
October 30, 2008... Section: Currency - The dollar and the yen fell against other major currencies on Tuesday as global stock markets rebounded and a report said Japanese central bank is considering an interest rate cut. Major stock markets around the world...

Philippines: Meralco disappointed by ERC performance-based regulation deferment order.
October 30, 2008... Section: Business News - The Manila Electric Company (Meralco) on Tuesday expressed dissatisfaction with the Energy Regulatory Commission's deferment order on the implementation of its performance-based regulation (PBR) rates. ...

Thailand: Public Health expedites effort to promote clean and accessible public toilets.
October 30, 2008... Section: General News - The Ministry of Public Health reports that a recent survey found only 31% of public toilets in the nation have met ministry's standards, prompting the ministry to step up its development strategy for 2009. Deputy...

Thailand's southern unrest: Betong district on high alert following bombing incident.
October 30, 2008... Section: General News - Betong district is beefing security in its business district, banks and hotels as well as all outbound routes after a bombing incident earlier today in Yala province. District Chief of Betong Noppadol Songmuang has...

Thailand: Deputy Minister of Interior affirms to stay in position.
October 30, 2008... Section: Government & Politics - Deputy Minister of Interior assures that he will remain in position, while stating that yesterday's news on his resignation was merely based on misinterpretation. Deputy Minister of Interior Mr. Prasong...

Thailand: Senate Speaker confident he can alleviate all tensions within the Upper House.
October 30, 2008... Section: Government & Politics - The Senate Speaker expressed his opinion that once he is able to speak to the Upper House's Whip, all tensions within the body will be alleviated. The Senate Whip meeting today, presdied over by Deputy...

Thailand: CDAs Chairman believes Constitutional amendment will not cause rifts.
October 30, 2008... Section: Government & Politics - Chairman of the Constitutional Drafting Assembly (CDA) believes that the Constitutional amendment of Section 291 will not cause a rift in the society. Mr. Sukhumpong Ngonkam, Chairman of the CDA...

Thailand: PM says Prasong still in position.
October 30, 2008... Section: Government & Politics - Prime Minister mentions that the Government would take suggestions of head of Privy Council and the Chaipattana Foundation' secretary into account, while reaffirming that Mr. Prasong Kositanon would not resign...

Thailand: ABAC Poll finds Thai people want Thaksin - Sondhi to reconcile.
October 30, 2008... Section: Government & Politics - ABAC poll results show that Thai people want Mr. Sondhi Limthongkul and former PM Thaksin Shinawatra; the United Front of Democracy against Dictatorship (UDD) and People's Alliance for Democracy (PAD), to make...

Thailand: Police meet with Democrat leader on action against PM.
October 30, 2008... Section: Government & Politics - Police from the Metropolitan Police Region 8 led by Deputy Commander of the Metropolitan Police Bureau, Pol.Lt.Gen.Damri Chotisate, traveled to meet with the Democrat party leader Abhisit Vejjajiva and MPs of...

Thailand: Pua Paendin Party still ambiguous over resignation of deputy interior minister.
October 30, 2008... Section: Government & Politics - The resignation of Deputy Minister of Interior Prasong Kositanon remains ambiguous today with the spokesman for the Pua Paen Din party indicating that the party never called for Mr. Prasong's resignation. The...

Thailand: Cabinet approves 56 million baht for Oct 7 s victims.
October 30, 2008... Section: General News - Deputy government spokesperson Miss Suparat Nakboonnam said that the Cabinet on Tuesday (October 29) approved 56 million baht budget to compensate October 7's victims of clashes between police and anti-government...

Thailand: Minister of Interior reveals security measures for ASEAN summit to resemble that of Diamond Jubilee.
October 30, 2008... Section: General News - The Minister of Interior and members of relevant agencies have made preparations to provide security to the upcoming ASEAN summit, utilizing simliar measures to security provided for the Diamond Jubilee of His Majesty...