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Wednesday, 08 October 2014 13:47

'AEC+3 Summit & Expo 2014" set for November

BANGKOK, Oct 7 -- An ASEAN Economic Community (AEC) summit and expo will be held in Bangkok early next month, aimed at encouraging Thai businessmen to invest more in fellow ASEAN member countries and for Thailand to become an economic hub in the region.

WASHINGTON, Oct 8 The International Monetary Fund (IMF) kept its growth estimate for South Korea's economy at 3.7 percent for 2014 on Tuesday while predicting Asia's fourth-largest economy will expand 4 percent next year.

"In Korea, growth should rise from 3.7 percent this year to 4.0 percent in 2015, led by exports and investment," the Washington-headquartered institute said in its new World Economic Outlook issued ahead of the 2014 fall meetings of the IMF and the World Bank.

The estimate for this year's growth is the same as the lending agency forecast in April. But the estimate for next year's growth is up 0.2 percentage point from 3.8 percent forecast in April.

The revised forecasts are in line with the estimates of South Korea's government.

The IMF forecast the global economy will expand 3.3 percent this year, slightly down from a 3.4 percent forecast in July. It said, however, that the world economic growth will pick up speed next year, rising to 3.8 percent.

The weaker-than-expected growth outlook for 2014 reflects setbacks to economic activity in advanced economies during the first half of 2014, and a less optimistic outlook for several emerging markets, the report said.

In advanced economies, growth is forecast to increase to 1.8 percent in 2014 and 2.3 percent in 2015, the IMF said. It raised this year's growth forecast for the U.S. economy to 2.2 percent from July's 1.7 percent while putting next year's growth estimate at 3 percent, up 0.1 percentage point from July.

The IMF also forecast emerging economies will expand 4.4 percent this year, which is slightly lower from July's estimate of 4.6 percent. Emerging economies are expected to grow 5 percent next year, it said.

Its forecast for China remained the same as July's estimate at 7.4 percent for this year and 7.1 percent for next year.

KUALA LUMPUR, Oct 8 Nikon Malaysia Sdn Bhd has recently launched two new models - the revolutionary Nikon D750 and cutting-edge Nikon Coolpix S6900 - as it taps into the growing interest in photography, especially among the younger generation.

Wednesday, 08 October 2014 13:34

Railways embrace busiest day for holiday week

BEIJING, Oct 8 The China Railway Corporation (CRC) mobilized more trains to carry about 10.3 million passengers during the busiest day of the week-long National Day holiday that ends on Tuesday.

BANGKOK, Oct 7 Former Deputy House Speaker Apiwan Wiriyachai died of a lung infection at age 65 after having treatment for the illness in the Philippines.

Tuesday, 07 October 2014 13:30

People in South affected by flood

SATUN, Oct 6 -- Residents in several southern provinces have been affected by flooding, while temperatures in the North started to drop.

Rainfall for three consecutive days triggered flooding in Satun, with the hardest-hit being Thapae district. 

NAKHON PHANOM, Oct 6 Normally quiet, a lively atmosphere is flowing through the Thai-Lao border areas.

Hundreds of Lao are crossing the Mekong River into this province to join the illuminated Lai Rua Fai boat festival in Nong Khai, Lao people arrive to buy goods for activities marking the end of the Buddhist Lent.

BANGKOK, Oct 6 The Mandarin Tour Guide Club of Thailand has filed a complaint with the Immigration Bureau to clamp down on unlicensed Chinese tour guides.

Paisarn Suethanuwong, secretary-general of the Professional Tourist Guide Association of Thailand, led more than 30 members of the Mandarin Tour Guide Club to lodge the complaint saying that illegal Chinese tour guides, giving poor service quality, tarnished Thailand’s tourism image.

Mr Paisarn said at least 8,000 people were engaged in illegal tour businesses.

Due to poor service and false information provided by illegal tour guides, Thailand has recently became unpopular among Chinese tourists, he said, adding that he was also afraid that transnational crime could occur in relation to illegal tour businesses.

Illegal tour guides also came from Russia, South Korea and Vietnam, he said. The association will file a similar complaint to the Ministry of Tourism and Sports later.

SEOUL, Oct. 7 "Gangnam Style," a mega-hit single by South Korean rapper Psy, has surpassed the 2.1 billion mark in YouTube views two years after it was released, his management agency said Tuesday.

Surabaya, Oct 7 Indonesia and South Korea will immediately commence the production of the 4.5-generation KF-X/IF-X jet fighter, which is forecast to have better maneuvering capabilities than F-16 Eagle and Sukhoi Su-27, stated Indonesian Defense Minister Purnomo Yusgiantoro.

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