Learning Thai Categories Learning Thai Travel Thai Expat Thai Business Thai Thai Grammar Thai Business News Ford official warns Thais instability could imperil investment Thai Business News Thursday, 01 February 2007 Because of the government-imposed currency and foreign-investment curbs, automaker Ford could cancel its planned US$1 billion investment to build a new factory and upgrade existing facilities in Thailand. "[The coup and the economic measures] make it extremely difficult to do business in a globally competitive environment," said Steve Biegun, Ford's vice president for international government affairs. "What we need in our business is predictability." Ford will decide where to invest the earmarked US$1 billion in the first half of this year, Biegun said, citing China and India as alternative investment destinations. Bloomberg International Herald Tribune Read More Add Comment (0)   Opinion: You're only hurting yourself, Thailand Thai Business News Thursday, 01 February 2007 Brian Lawler said in this article that Thailand is making a mistake in allowing either the manufacture or importation of generic versions of Abbott's HIV treatment Kaletra and Sanofi-Aventis' blood clot drug Plavix, even though the drugs are still under patent protection and producing generic versions would be illegal in many countries. The annual health care cost savings would amount to just $24 million per year, but would greatly damage the perception of how the country treats intellectual property rights and patents, Lawler said. The Motley Fool Read More Add Comment (0)   Thailand scores the lowest in Japanese business confidence survey Thai Business News Wednesday, 31 January 2007 Thailand has received the lowest grade in a survey of the business sentiment of five ASEAS countries by the Japan External Trade Organization. Singapore scored the highest on the survey, followed by Indonesia, the Philippines and Malaysia, respectively. Thailand’s poor performance was attributed to rising production costs, larger wage bills, a slowdown in domestic consumption and investment, rising oil prices, baht appreciation and political instability. Bangkok Post MCOT Read More Add Comment (0)   Thailand lifts controls on foreign loans Thai Business News Tuesday, 30 January 2007 The Bank of Thailand said it would lift restrictions on same-company foreign currency loans and on fully hedged borrowings and funds raised from bond sales. Foreign loans with a maturity of less than 180 days used to pay for exports will also be exempt from capital controls. "The relaxation for some transactions will provide companies in Thailand more options in raising foreign loans for their business, not for speculation on the baht," said Suchart Sakkankosone, director of the exchange control department. "It makes sure that those loans and borrowings will not have an impact on the baht's volatility." Bloomberg Read More Add Comment (0)   Premier attempts to reassure foreign investors Thai Business News Thursday, 25 January 2007 Prime Minister Surayud Chulanont said in a speech Wednesday that the government was seeking to create a level playing field in the adjusting of the foreign business law. He said the law would not affect existing foreign companies in manufacturing industries, export businesses, BOI-promoted industries or those businesses not listed under the Act. Surayud also emphasized that amending the foreign business law represented legal and technical adjustments rather than any fundamental change in the overall economic strategy. On the subject of capital controls, he said that despite upward pressure on the baht, the government would implement an expansionary fiscal policy to achieve growth of 4 percent to 5 percent. The Nation Bangkok Post AP View Surayud's Full Speech Read More Add Comment (0)   << Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>