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THAILAND

Cabinet approves financial decrees

Online Reporters, Published on 10/01/2012

» The cabinet meeting has approved issuing of four financial decrees relating to acquiring loans for rebuilding the country and flood prevention, Atchaporn Charuchinda, secretary general of the Council of State, said on Tuesday.

THAILAND

PM approves free-travel extension

Published on 10/01/2012

» Prime Minister Yingluck Shinawatra supports the Transport Ministry’s proposal to extend the limited free travel scheme on Bangkok public buses and third-class trains for another three months, Transport Minister Sukumpol Suwanatat said after a meeting with her on Tuesday.

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THAILAND

Govt softens CNG price increase

News, Post Reporters, Published on 10/01/2012

» The government will increase the price of compressed natural gas as planned _ but just one time, on Jan 16, pending further talks with transport operators to consider whether the price should be increased more, Deputy Prime Minister Kittiratt Na-Ranong says.

THAILAND

Chatumongol criticises debt transfer to FIDF

News, Published on 10/01/2012

» The transfer of 1.14 trillion baht in debt from the 1997 crisis to the Financial Institutions Development Fund could complicate the Bank of Thailand's job in managing economic policy, chairman of the central bank board MR Chatumongol Sonakul says.

THAILAND

Abhisit slams government, Virabongsa

Online Reporters, Published on 09/01/2012

» The government's decision to transfer responsibility to the Bank of Thailand for the 1.14 trillion in debt stemming from the 1997 economic crisis will create management problems for the central bank, Opposition Leader Abhisit Vejjajiva said Monday.

THAILAND

Lese majeste bar raised

News, Published on 09/01/2012

» So, the lese majeste law, or Section 112 of the Criminal Code, will remain intact, at least for now and in the foreseeable future or as long as the nine political parties keep their word after reaching a gentlemen's agreement to leave it alone during a special Parliament meeting on Friday.

THAILAND

Central bank's attitude unhealthy for Thailand's democracy, says Virabongsa

News, Published on 08/01/2012

» Former finance minister Virabongsa Ramangkura yesterday lashed out at the Bank of Thailand for taking an "unhealthy" approach to democracy because of its concern over the management of 1.14 trillion baht in long-standing liabilities.

THAILAND

Govt confident of 7% growth

Online Reporters, Published on 07/01/2012

» The government is confident Thailand's economic growth for the year 2012 will reach 7 per cent, Deputy Prime Minister Kittiratt Na Ranong said.

THAILAND

Government, central bank settle debt row

News, Published on 07/01/2012

» The government and the Bank of Thailand have reached a compromise on how to manage 1.14 trillion baht in liabilities carried over from the 1997 financial crisis.

THAILAND

Thaksin won't accept house arrest, no matter how comfortable

News, Kamol Hengkietisak, Published on 07/01/2012

» It is definite that former prime minister Thaksin Shinawatra will not accept the compromise proposal from Sanoh Thiengthong, veteran politician and Pheu Thai list MP, that he be detained in a comfortable place in Thailand, or so-called house arrest, to serve his two-year jail term before being granted a royal pardon, noted Thai Rath.