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Dusit Thani Pattaya celebrates World Environment Day 2010 with a CSR commitment

Baht stable despite impact of European public debt crisis: BoT

Internet currency-trading scam broken up, 2 arrested


Dusit Thani Pattaya celebrates World Environment Day 2010 with a CSR commitment

Dusit Thani Pattaya General Manager Chatchawal Supachayanont (center)
is seen with the management and staff as they prepare to begin the charity work for Jittapawan Temple.

True to its mission of supporting any tasks or projects as long as they are for the good of the environment, the five-star resort led by its General Manager Chatchawal Supachayanont celebrated this year’s World Environment Day at the Jittapawan Temple just off North Pattaya with their brooms and cleaning tools on hand as they offered to help spruce up the temple compound including its pavilion and halls for merit-making ceremonies.

The day’s commemoration was part of the hotel’s Corporate Social Responsibility activities through social contributions organized by its Green Leaf Committee that oversees the strict implementation of in-house policies towards water and energy conservation, waste management, chemical reduction and charity work for the community. The hotel makes a monthly visit to the temple to bring donations of cash and other basic necessities.

On May 26, the hotel was accompanied by its friends and associates when it visited Jittapawan Temple for a merit-making ceremony and to offer donations. The significance of the day was deeper and more solemn as it carried a heartfelt and personal note from those who attended and offered their prayers.



Baht stable despite impact of European public debt crisis: BoT

Asian currencies including the Thai baht are holding their stability at present despite the heavy volatility of the euro, fuelled by the public debt crisis in some European countries, according to the Bank of Thailand (BoT).

BoT Assistant Governor Suchada Kirakul said the regional currencies had not been adversely affected by the debt problems in Europe because the economic fundamentals of the Asian countries are rather strong as could be witnessed by the impressive economic growth of many countries in the first quarter of this year. She indicated Singapore as an example, which enjoyed a 15 percent growth, and Thailand 12 percent expansion.

“The regional currencies including the baht are seen weakening slightly on a daily basis, but they have nonetheless strengthened since early this year. For instance, the baht has risen 2.4 percent, the Indonesian rupiah by 2.6 percent and the Malaysian ringgit by 4.8 percent,” she said.

The baht had moved rather steadily partly because the currency had already weakened to a certain extent due to tensions in the Korean peninsula and Thailand’s domestic political disorder.

Capital movements have been rather balanced for the moment although foreign capital has been flowing out from the stock market in some amount.

She said that some foreign funds had still flowed into the bond market and foreign investment funds (FIF) remitted investment returns.

Simultaneously, the trading of exporters and importers had been rather in equilibrium, resulting in the baht becoming stable, she said. (TNA)


Internet currency-trading scam broken up, 2 arrested

Theerarak Suthathiwong

Department of Special Investigations officers have busted up an Internet fraud operation that swindled more than 100 people out of more than 50 million baht.

Prasit Rungroj (seated), 50, owner of Rayong-based Perfect Co., has been arrested for an Internet fraud operation.

Prasit Rungroj, 50, owner of Rayong-based Perfect Co., and Thaiyapat Thongthae, the wife of a senior Thai National Police officer, were arrested on charges they perpetrated a foreign-exchange investment scam in which victims were promised guaranteed returns but, in reality, had their funds stolen.

Both are believed to be low-level operatives in the scam and police are reportedly searching for five others.

D.S.I. Special Operations Chief Prawit Chaibuadaeng said Prasit’s company operated the now-closed ForexCapital77.us website which advertised guaranteed returns of 2 percent daily on U.S. dollar currency trading. Victims were invited to try the scheme with an investment of just 3,000 baht and all were given their promised returns.

The scammers then approached the happy “investors” again and asked them to invest 300,000 baht. More than 100 did, but Prawit said the suspects then absconded with the funds.
 



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