Thai Business News
Six-point plan set to cushion economy
Thai Business News
Wednesday, 15 October 2008
The Thai government has announced a a six-point plan to reinvigorate the capital market and other sectors of the economy in a bid to help Thailand deal with global financial threats.  The 12 billion baht plan will be used as support funds to shore up sagging stock prices, while the Stock Exchange of Thailand will set up a 10 billion baht matching fund in partnership with financial institutions to buy shares.  Also, tax allowances for investors of long-term equity funds and retirement funds will be increased from 500,000 baht to 700,000 baht per person.  In addition, the 2009 state budget for mega-infrastructure construction projects will be increased from 250 billion baht to 350 billion baht, for mass transit, other transport and energy projects.
The Nation
 
28-year-old is one of Thailand's 20 richest
Thai Business News
Monday, 14 July 2008
Nishita Shah, a Thai of Indian origin who is just 28 years old, has been named the 19th richest person in Thailand by Forbes Asia magazine. Shah, who is worth $375 million, is the biggest shareholder and director of dry-bulk shipper Precious Shipping, which was founded by her father. Chaleo Yoovidhya is once again at the top of the list. Chaleo, the maker of Red Bull, is worth $4 billion, up 14 percent from last year, thanks largely to strong global sales of the caffeine-stoked energy drinks. He was followed by Charoen Sirivadhanabhakdi, the founder of Thai Beverage, who is worth $3.9 billion.
ThaiIndian.com
Forbes Asia
 
Vendors form coalition to resist mega-retailers
Thai Business News
Tuesday, 06 May 2008
In an attempt to become more competitive against large hypermarket chains, more than 500 Thai wet market operators in Bangkok and around the country have signed a declaration to establish the Market Assembly of Thailand. The coalition is being assisted by the Internal Trade Department, which will provide advice on how the vendor can obtain inexpensive goods. The vendors and hope that by work as a team, they can boost their competitiveness and fight off major retail businesses that are allegedly threatening traditional business in Thailand.
TNA
 
Million-dollar homes for Koh Samui
Thai Business News
Tuesday, 11 September 2007
Koh Samui is turning into Thailand's latest market for million-dollar villas, according to international real estate firm CB Richard Ellis.  The firm said it has noticed an emerging market for top-end villas on the island that achieve prices in excess of $2 million. The international property consultant operates offices in Bangkok and Phuket, and has now opened a third office on Koh Samui. Since the 1980s, mass tourism has transformed the island from one that specialized in growing coconut trees, into a popular destination with hundreds of hotels and resorts.
DPA
 
Human rights group voices opposition to Thaksin takeover
Thai Business News
Wednesday, 01 August 2007
Brad Adams, executive director of the Asia division of Human Rights Watch, said Tuesday in a letter that the English Premier League showed a “shocking lack of interest” in ethical standards for allowing Thaksin Shinawatra’s takeover of the Manchester City football club.  Adams said Thaksin was a “human rights abuser of the worst kind” who should not have passed the League’s Fit and Proper Persons Test. “Our research and that of other credible organizations shows that Thaksin’s time in office was characterized by numerous extrajudicial executions, ‘disappearances,’ illegal abductions, arbitrary detentions, torture and other mistreatment of persons and attacks on media freedoms,” Adams said in the letter.  His past actions should lead to him being subjected to investigations by impartial police and prosecutors, not welcomed into the club of owners of the most popular football league in the world.”
The Times
 
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