BANGKOK, May 30 – The opposition Democrat Party is planning to impeach Finance Minister Kittiratt Na-Ranong for violating the law which requires the government to set up a National Savings Fund.

Thursday, 30 May 2013 14:39

600 kg of cannabis seized in Chumphon

CHUMPHON, May 29 -- Highway police intercepted a pickup truck heading South with more than 600 kilogrammes of cannabis with an estimated street value of Bt20 million. 

TRANG, May 29 – Nearly 100 homes and shops lining Pakmeng Beach in this southern province are facing coastal erosion and high tide, according to the local village head.

BANGKOK, May 29 –Thailand’s Bt2.525 trillion Budget Bill for the next fiscal year is aimed at driving the government’s nine strategic elements to boost Thailand’s competitive edge and prepare the country for a new chapter of regional cooperation, Prime Minister Yingluck Shinawatra announced today.

BANGKOK, May 29 – The government’s newest financial and economic package particularly related to the movement of the Thai baht, will be a blessing to Thailand’s exports, a leading industrialist said today.

BANGKOK, May 30 – Deputy Prime Minister/Finance Minister Kittiratt Na-Ranong said yesterday’s decision by the Monetary Policy Committee (MPC) to reduce the interest rate by 0.25 per cent was minimal but better than nothing.

BANGKOK, May 29 – The Bank of Thailand (BoT) Monetary Policy Committee (MPC) voted unanimously to reduce the policy rate by 0.25 per cent from 2.75 to 2.50 per cent with immediate effect.

Permanent-Secretary for Commerce Vatchari Vimooktayon said she is certain Thailand will regain its leading position as the world’s No. 1 rice exporter this year.

Thailand’s policy interest rate should remain at 2.75 percent, which is still below the 3 percent inflation, according to a leading academic.

Tanawat Polvichai, director of the economic research centre of the University of Thai Chamber of Commerce, said an interest reduction could possibly deter savings among people who may switch to riskier investments in the stock and property markets.

Thailand’s current labor shortage will become more severe with two government mega projects needing at least 530,000 more workers, a senior Thai official said last week.

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