BANGKOK, 21 February 2014 The Department of Foreign Trade (DFT) has dismissed the rumor that the Thai government has released rice from its stockpile to Indonesia at lower-than-market prices.
BANGKOK, 22 February 2014 The caretaker Prime Minister Yingluck Shinawatra says Thailand is still attractive to foreign investors as it has a strong economic foundation.
BANGKOK, 22 February 2014 Director of the Bank of Thailand's Monetary Policy Department, Mrs. Roong Mallikamas, revealed that the Bank of Thailand is closely following the world economic situation, Thailand's economic situation, and the Thai political situation to determine whether the national GDP for 2014, with the previous forecast growth of 3%, will have to be adjusted.
Mrs. Roong admitted the National Economic and Social Development Board's forecast that the Thai economy will grow 2.9% is similar to the Monetary Policy Department's forecast of 3%.
She added that statistics show that the 2014 GDP will probably not be significantly adjusted because the economic forecast for this year is not only dependent on last year's performance. There are many factors to be considered, some of which have already changed. The Monetary Policy Department will consider these factors in an upcoming March 12 meeting.
BANGKOK, 22 Feb 2014, Both the government and private sectors have indicated that the global price of natural rubber will begin to recover within the next 2-3 months.
BANGKOK, 22 February 2014 The Bank of Thailand Governor Prasarn Trairatvorakul has revealed after a meeting in Australia, that the Central Bank considers that the current interest rate of 2.25% could be reduced.
Dr. Prasarn said what is worrying is whether or not reducing interest rates would have a positive impact on the economy, given the nation's economic slowdown is not related to economic factors but political ones. According to the Bank of Thailand, the economy in the first half of the year remains stable, however, should the caretaker government and the People's Democratic Reform Committee (PDRC) be able to find a joint solution to the political deadlock, there would be a positive impact on the economy. Several members of the Bank of Thailand's Monetary Policy Committee are debating whether reducing interest rates would stimulate the nation's consumption. Lower public consumption is due to political unrest, not monetary issues, reiterated the BOT Governor.
BANGKOK, 21 February 2014 The Department of Disaster Prevention and Mitigation (DDPM), within the Ministry of Interior, reported that there was dust in the air in the northern part of the country, with a 24-hour average of 13-97 micrograms per cubic meter.
BANGKOK, 21 February 2014 The People’s Democratic Reform Committee (PDRC) plans to request the Criminal Court to consider repealing the arrest warrants against the group’s core leaders, citing the Civil Court’s recent permission for their gatherings.
BANGKOK, 21 Feb 2014 InTouch Group has made known publicly that the company is not involved in politics, stressing it has operated with transparency as seen in the confidence given by its shareholders before investing in the company.
The group’s spokeswoman, Wilai Kiangpradu, made the statement to counter a claim by Mr. Suthep Thaugsuban, Secretary General of the People’s Democratic Reform Committee (PDRC) who led his supporters to stage protest at Shinawatra 3 Building, calling on people to boycott the products and services offered by InTouch Group.
Ms. Wilai explained that the group’s founder, former Prime Minister Thaksin Shinawatra, neither holds shares in the company, nor has an affiliation with the group any longer.
She underlined the transparency of InTouch Group, formerly known as Shin Corporation, saying that the firm and 2 other companies under its wings -- Advanced Info Service Public Company Limited and Thaicom Public Company Limited -- are legally registered companies that operate with good governance principles and are ready for malpractice probe at anytime.
BANGKOK 21 February 2014 Investments in the ASEAN region are said to bring more economic opportunities for Thailand.
BANGKOK, 21 Feb 2014, The Labor Union of the Government Savings Bank (GSB) has announced the bank’s neutral stance, without any desire to get involved in politics. The union has however demanded the resignation of one of the managing board members, ‘Wisit Wisitsora-at ’.